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Nonprofiteer
← LOUISVILLE SOCCER FOUNDATION

Form 990 for tax year 2022

Filed by LOUISVILLE SOCCER FOUNDATION.

Totals

Total revenue
$580,827
Total expenses
$365,392
Contributions and grants received
$543,312
Grants paid
$25,000
Program service revenue
$0
Investment income
$0
Other revenue
$37,515
Total assets, end of year
$294,762
Total liabilities, end of year
$126,031
Net assets or fund balances, end of year
$168,731
Program services expenses (Part IX)
$118,954
Management and general expenses
$122,206
Fundraising expenses
$124,232
Program service expenses (Part III)
$118,954

Program services were 32.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $104,310

  • 1e · Government grants (contributions)

    $18,849

  • 1f · All other contributions, gifts and grants

    $420,153

  • 1g · Noncash contributions included above

    $56,200

  • 8a · Fundraising events: gross income

    $225,000

  • 8a · Fundraising events: contributions included on line 1c

    $104,310

  • 8b · Fundraising events: direct expenses

    $187,485

  • 8c · Net income from fundraising events

    total $37,515 · excluded $37,515

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $150,480 · management and general $60,662 · fundraising $89,818

  • 7 · Other salaries and wages

    total $52,166 · program services $52,166

  • 8 · Pension plan contributions

    total $1,506 · program services $393 · management and general $449 · fundraising $664

  • 9 · Other employee benefits

    total $2,946 · program services $1,497 · management and general $584 · fundraising $865

  • 10 · Payroll taxes

    total $15,850 · program services $4,137 · management and general $4,722 · fundraising $6,991

  • 11c · Fees: accounting

    total $595 · management and general $595

  • 11g · Fees: other

    total $44,000 · management and general $40,000 · fundraising $4,000

  • 12 · Advertising and promotion

    total $17,523 · program services $5,108 · management and general $5,123 · fundraising $7,292

  • 13 · Office expenses

    total $7,808 · program services $496 · management and general $1,641 · fundraising $5,671

  • 14 · Information technology

    total $210 · management and general $210

  • 16 · Occupancy

    total $784 · program services $392 · fundraising $392

  • 17 · Travel

    total $365 · fundraising $365

  • 22 · Depreciation, depletion and amortization

    total $986 · management and general $986

  • 23 · Insurance

    total $6,168 · program services $3,084 · management and general $3,084

  • 24a · Other expenses: PROGRAM EXPENSES

    total $24,690 · program services $23,931 · management and general $100 · fundraising $659

  • 24b · Other expenses: DONOR DEVELOPMENT

    total $7,515 · fundraising $7,515

  • 24c · Other expenses: TRAINING

    total $2,750 · program services $2,750

  • 24d · Other expenses: TAXES & LICENSES

    total $2,326 · management and general $2,326

  • 24e · All other expenses

    total $1,724 · management and general $1,724

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,655 · end of year $223,146

  • 3 · Pledges and grants receivable

    end of year $30,000

  • 9 · Prepaid expenses and deferred charges

    end of year $30,000

  • 10a · Land, buildings and equipment: cost or other basis

    $12,602

  • 10b · Land, buildings and equipment: accumulated depreciation

    $986

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $11,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,359 · end of year $26,023

  • 25 · Other liabilities

    beginning of year $100,000 · end of year $100,008

  • 27 · Net assets without donor restrictions

    beginning of year -$46,704 · end of year $168,731

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $39,651

  • 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.

    Expenses $79,303 · Grants $25,000

  • 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.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ryan Bridgman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessical Carroll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Fine

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bernie Fineman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Maria Hampton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • D'Shawn Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eleanor Livingston

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Mark Lynn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Ryan Neace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Park

    REVENUE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Taylor Sorrels

    PROGRAM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Wiederwohl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Jarvi

    EXECUTIVVE DIRECTOR

    Total calculated
    $150,750
    From this org
    $147,962
    From related orgs
    $0
    Other
    $2,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $87,962
    Bonus
    $60,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,788
    Filer's total
    $150,750

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
THE EXECUTIVE DIRECTOR WAS PAID A $30,000 BONUS FOR MEETING THE REVENUE TARGET SET BY THE BOARD.
PART II, LINE 1 COLUMN D
IN ADDITION TO THE INCENTIVE EARNED FOR MEETING THE REVENUE TARGET SET BY THE BOARD, THE EXECUTIVE DIRECTOR WAS ALSO PAID A $30,000 SIGNING BONUS AT THE TIME HE JOINED THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • LOUCITY RACING ACADEMY

    $25,000

    SCHOLARSHIPS

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349311957

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