Los Angeles Breakers F C
- Assets
- $2.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 95-4715516
Organization Overview
Los Angeles Breakers F C is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (N64) the organization is classified as: Soccer, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Los Angeles Breakers F C employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Breakers F C 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 12/2022, Los Angeles Breakers F C generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 15.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A YOUTH SOCCER CLUB WHICH ACTS AS AN UMBRELLA AND ADMINISTRATIVE ORGANIZATION FOR YOUTH SOCCER TEAMS THAT PARTICIPATE IN THE CALIFORNIA YOUTH SOCCER ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUBS PROGRAMS CATER TO YOUTH AT DIFFERENT SKILL LEVELS, FROM RECREATIONAL SPORTS TO AN ELITE, COMPETATIVE LEVEL FOCUSED ON DEVELOPING PLAYERS TO COMPETE AT A COLLEGIATE LEVEL AND BEYOND. ANNUALLY THE CLUB DELIVERS 1. AN OPPORTUNITY TO PLAY AS A MEMBER OF ONE OF 43 TEAMS SERVING OVER 650 PLAYERS AGES 7 - 18, 2. WEEKLY TRAINING AND GAMES FOR 8 TO 10 MONTHS A YEAR, 3. OPPORTUNITIES FOR IN-STATE AND OUT OF STATE TOURNAMENTS, COLLEGE SHOWCASES OR LEAGUE GAMES, 4. PROGRAMS, COACHING AND SUPPORT ACROSS KEY DEVELOPMENTAL AREAS SUCH AS MENTAL RESILIANCE PERFORMANCE, NUTRITION, INJURY PREVENTION AND SPORTS PERFORMANCE AND SEMINARS ON COLLEGE SELECTION AND PREPARATION, 5. FINANCIAL AID OR EXPENSE MITIGATION FOR UP TO 100 PLAYERS PER SEASON OR AT LEAST 15 OF THE PLAYER BASE, AND 6. OPPORTUNITIES TO VOLUNTEER AND PARTICIPATE IN PROGRAMS THAT ARE GEARED TO PROVIDING AID AND ASSISTANCE TO THOSE IN NEED AND AT RISK WITHIN LOS ANGELES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Simms Director/coach | Officer | 40 | $97,500 |
Steven Chuck Secretary | OfficerTrustee | 5 | $0 |
Steven Shpilsky Chairman | OfficerTrustee | 4 | $0 |
Paul Kromwyk Treasurer | OfficerTrustee | 5 | $0 |
Ramez Toubassey Director | Trustee | 5 | $0 |
Louis Kim Through Sep 2022 Director | Trustee | 3 | $0 |
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 | $87,111 |
| Noncash contributions included in lines 1a–1f | $10,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,111 |
| Total Program Service Revenue | $1,223,137 |
| 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 | $1,310,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $83,810 |
| Compensation of current officers, directors, key employees. | $48,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,085 |
| Payroll taxes | $9,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $380,913 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,218,953 |
| Advertising and promotion | $3,714 |
| Office expenses | $10,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,396 |
| Travel | $4,034 |
| 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 | $0 |
| Insurance | $37,922 |
| All other expenses | $0 |
| Total functional expenses | $1,970,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,817,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,383 |
| 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 |
| Net Land, buildings, and equipment | $16,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400,000 |
| Total assets | $2,489,450 |
| Accounts payable and accrued expenses | $142,469 |
| Grants payable | $0 |
| Deferred revenue | $336,028 |
| 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 | $1,999,900 |
| Other liabilities | $0 |
| Total liabilities | $2,478,397 |
| Net assets without donor restrictions | $11,053 |
| 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 | $2,489,450 |