Louisville Soccer Foundation
- Assets
- $294.8k
- Revenue
- $580.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2022
- EIN
- 84-4488762
Organization Overview
Louisville Soccer Foundation, operating under the name Loucity & Racing Foundation, is located in Louisville, KY. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loucity & Racing Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH COMMUNITY PARTNERSHIPS WITH SCHOOLS AND YOUTH SERVICE PROVIDERS, WE USE SOCCER TO PROVIDE OUR YOUTH A SAFE PLACE AND THE OPPORTUNITY TO DREAM, THRIVE, AND SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCCER CLINICS - THIS PROGRAM IS TYPICALLY HELD ON ONE DAY FOR APPROX. 1.5 - 2 HOURS. CLINICS ARE PROVIDED TO NON-PROFIT OR SCHOOL-BASED ORGANIZATIONS WHO SERVE YOUTH. WE INTRODUCE THE GAME OF SOCCER AND TEACH SOCCER SKILLS. A NUTRITIOUS SNACK IS PROVIDED AT THE CONCLUSION OF THE SESSION. 13 CLINICS WERE HELD IN 2022.
ON AND OFF THE PITCH - THIS IS A FIVE OR TEN WEEK PROGRAM GEARED TO INTRODUCE THE GAME AND FURTHER DEVELOP SOCCER SKILLS. THE PITCH MODEL IS USED TO INTEGRATE THE GAME OF SOCCER WITH LIFE, HELPING TO BUILD SOCIAL AND EMOTIONAL SKILLS. EACH LETTER IN THE WORD PITCH REPRESENTS A VALUE THAT IS DISCUSSED WITH THE PARTICIPANTS DURING EXERCISES AND ACTIVITIES. COACHES PROVIDE CLEAR DEFINITIONS AND EXAMPLES.P - PERSONAL ACCOUNTABILITYI - INTELLECTUALLY ENGAGEDT - TRUSTC - COMMITMENTH - HUMILITYFIVE PITCH PROGRAMS WERE EXECUTED IN 2022.
KICKBACK PROGRAM - NEW AND VERY GENTLY USED EQUIPMENT IS COLLECTED AND DISTRIBUTED TO THOSE LESS FORTUNATE SO THEY HAVE THE RESOURCES TO ENJOY THE GAME OF SOCCER. CLEATS, BALLS, SHIN GUARDS, SOCKS AND APPAREL WERE ALL DISTRIBUTED AS PART OF THIS PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Bridgman Board Member | Trustee | 1 | $0 |
Jessical Carroll Board Member | Trustee | 1 | $0 |
Michael Fine Governance Chair | OfficerTrustee | 1 | $0 |
Bernie Fineman Board Chair | OfficerTrustee | 1 | $0 |
Maria Hampton Board Member | Trustee | 1 | $0 |
D'shawn Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,310 |
| Related organizations | $0 |
| Government grants | $18,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,153 |
| Noncash contributions included in lines 1a–1f | $56,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $543,312 |
| Total Program Service Revenue | $0 |
| 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 | $37,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $150,480 |
| Compensation of current officers, directors, key employees. | $60,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,166 |
| Pension plan accruals and contributions | $1,506 |
| Other employee benefits | $2,946 |
| Payroll taxes | $15,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,000 |
| Advertising and promotion | $17,523 |
| Office expenses | $7,808 |
| Information technology | $210 |
| Royalties | $0 |
| Occupancy | $784 |
| Travel | $365 |
| 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 | $986 |
| Insurance | $6,168 |
| All other expenses | $1,724 |
| Total functional expenses | $365,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $0 |
| 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 | $30,000 |
| Net Land, buildings, and equipment | $11,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,762 |
| Accounts payable and accrued expenses | $26,023 |
| 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 | $100,008 |
| Total liabilities | $126,031 |
| Net assets without donor restrictions | $168,731 |
| Net assets with donor restrictions | $0 |
| 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 | $294,762 |