Las Vegas Premier Soccer Club Inc
- Assets
- $17.9k
- Revenue
- $465.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Las Vegas, NV
- Founding
- 03/1999
- Data as of
- 07/2018
- EIN
- 86-0891176
Organization Overview
Las Vegas Premier Soccer Club Inc is located in Las Vegas, NV. The organization was established in 1999. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 07/2018, Las Vegas Premier Soccer Club Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas Premier Soccer Club 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 07/2018, Las Vegas Premier Soccer Club Inc generated $465.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $453.8k during the year ending 07/2018. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LAS VEGAS PREMIER SOCCER CLUB IS TO DEVELOP WELL-BALANCED, SUCCESSFUL STUDENT ATHLETES IN A HEALTHY, POSITIVE SOCCER ENVIRONMENT. WE WILL PROMOTE AND DEVELOP EXCELLENCE IN CLUB SOCCER BASED ON THE VALUES OF SKILL, SPORTSMANSHIP AND CHARACTER AT ALL TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB ASSISTS IN PROVIDING UNIFORMS, COACHES, TRAINERS, TRAINING SESSIONS, AND TOURNAMENTS FOR BOYS AND GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Rasmussen Treasurer | Officer | 10 | $5,500 |
Patricia Rasmussen President | Officer | 20 | $0 |
Mike Madrid Secretary | Officer | 10 | $0 |
Douglass Borgel Director | Trustee | 10 | $0 |
James Rasmussen Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,168 |
| 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 | $7,714 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369 |
| Insurance | $4,569 |
| All other expenses | $0 |
| Total functional expenses | $453,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,877 |
| Accounts payable and accrued expenses | $435 |
| 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 | $1,316 |
| Total liabilities | $1,751 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Las Vegas Premier Soccer Club Inc has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
Nv Energy Charitable Foundation Reno, NV PURPOSE: DOLLARS FOR DOERS | $350 |
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|---|---|---|
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