Usvi Soccer Federation Inc
- Assets
- $4.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Kingshill, VI
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 66-0645724
Organization Overview
Usvi Soccer Federation Inc is located in Kingshill, VI. The organization was established in 2007. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Usvi Soccer Federation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usvi Soccer Federation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Usvi Soccer Federation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 28.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
USVI SOCCER'S MISSION IS TO MAKE SOCCER A PERMANENT SPORT IN THE U.S VIRGIN ISLANDS BY THE CONTINUOUS DEVELOPMENT OF THE SPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP A USVI SOCCER PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hillaren Frederick President | OfficerTrustee | 40 | $45,100 |
Lishanti Bailey General Secr | Trustee | 6 | $28,558 |
Carol Howell Board Member | Trustee | 6 | $15,017 |
Mida Gaikwad Board Member | Trustee | 6 | $12,130 |
Joseph Limeburner 1st Vice Pre | OfficerTrustee | 6 | $7,250 |
Marcella Jennings Board Member | Trustee | 2 | $3,380 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wem Design And Construction Construction | 12/30/19 | $462,540 |
Linda Cruise Travel | 12/30/19 | $327,810 |
T3 Global Projects Llc Materials | 12/30/19 | $400,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,245,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,245,135 |
| Total Program Service Revenue | $14,770 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,259,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,648 |
| Payroll taxes | $16,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $580,798 |
| Advertising and promotion | $47,553 |
| Office expenses | $33,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,836 |
| Travel | $880,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,428 |
| Insurance | $18,231 |
| All other expenses | $0 |
| Total functional expenses | $2,217,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920,678 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,890 |
| Net Land, buildings, and equipment | $3,502,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $4,443,277 |
| Accounts payable and accrued expenses | $60,826 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,826 |
| Net assets without donor restrictions | $3,391,341 |
| Net assets with donor restrictions | $991,110 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,443,277 |
Grants Awarded
Over the last fiscal year, Usvi Soccer Federation Inc has awarded $33,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROVERS SOCCER CLUB PURPOSE: COVID RELIEF | $11,000 |
WAITIKUBULI FOOTBALL CLUB CORP | | | $10,000 |
LRVI FOOTBALL CLUB PURPOSE: COVID RELIEF | $6,000 |
UNIQUE TROPICAL SOCCER CLUB PURPOSE: COVID RELIEF | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Usvi Soccer Federation Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: One Concacaf Program | | $150,000 |
Organization Name not Listed PURPOSE: Travel | | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frederiksted Health Care Inc St Croix, VI | $21,462,956 | $20,093,262 |
St Thomas East End Medical Center Corporation St Thomas, VI | $1,996,505 | $9,089,421 |
Antilles School Inc St Thomas, VI | $18,150,774 | $7,193,439 |
Lutheran Social Services Of The Virgin Islands Inc Frederiksted, VI | $10,436,028 | $7,573,437 |
Community Foundation Of The Virgin Islands Inc St Thomas, VI | $18,108,646 | $4,188,957 |
Good Hope Country Day School Inc Kingshill, VI | $5,932,536 | $5,069,204 |
Virgin Islands Montessori School Inc St Thomas, VI | $10,940,872 | $6,258,599 |
Gifft Hill School Inc St John, VI | $7,446,421 | $3,215,239 |
St Croix Foundation For Community Development Inc Christiansted, VI | $5,135,909 | $4,094,244 |
The Foundation For Te College Of The Virgin Islands Inc St Thomas, VI | $87,725,641 | $3,069,621 |