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Nonprofiteer
← USVI SOCCER FEDERATION INC

Form 990 for tax year 2023

Filed by USVI SOCCER FEDERATION INC.

Totals

Total revenue
$3,104,824
Total expenses
$2,935,792
Contributions and grants received
$3,104,824
Grants paid
$48,034
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,001,131
Total liabilities, end of year
$160,223
Net assets or fund balances, end of year
$3,840,908
Program services expenses (Part IX)
$2,157,079
Management and general expenses
$778,713
Fundraising expenses
$0
Program service expenses (Part III)
$2,157,079

Program services were 73.5% 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.

  • 1e · Government grants (contributions)

    $6,138

  • 1f · All other contributions, gifts and grants

    $3,098,686

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,034 · program services $48,034

  • 7 · Other salaries and wages

    total $332,372 · management and general $332,372

  • 11g · Fees: other

    total $646,086 · program services $574,083 · management and general $72,003

  • 12 · Advertising and promotion

    total $8,556 · program services $8,556

  • 13 · Office expenses

    total $37,167 · management and general $37,167

  • 16 · Occupancy

    total $229,110 · program services $95,333 · management and general $133,777

  • 17 · Travel

    total $1,398,888 · program services $1,398,888

  • 22 · Depreciation, depletion and amortization

    total $187,466 · management and general $187,466

  • 23 · Insurance

    total $15,928 · management and general $15,928

  • 24a · Other expenses: SPECIAL EVENTS

    total $26,010 · program services $26,010

  • 24b · Other expenses: AUTOMOBILE

    total $6,175 · program services $6,175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,078 · end of year $261,054

  • 4 · Accounts receivable

    beginning of year $4,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,776 · end of year $19,656

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

    $4,763,189

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

    $1,042,768

  • 10c · Land, buildings and equipment, net

    beginning of year $3,880,504 · end of year $3,720,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,736 · end of year $14,338

  • 25 · Other liabilities

    beginning of year $155,485 · end of year $145,885

  • 27 · Net assets without donor restrictions

    beginning of year $3,671,876 · end of year $3,840,908

Mission and programs · 2023

Mission

TO MAKE SOCCER A PERMANENT SPORT IN THE U.S. VIRGIN ISLANDS BY THE CONTINUOUS DEVELOPMENT OF THE SPORT.

  • TO DEVELOP A USVI SOCCER PROGRAM.

    Expenses $2,157,079 · Grants $48,034

As filed on the 2023 return.

Listed in Part VII

  • Michael Bornn

    COUNCIL MEMB

    Total calculated
    $0

  • Izler Browne

    VICE PRESIDE

    Total calculated
    $0

  • Bowchi Celaire

    COUNCIL MEMB

    Total calculated
    $0

  • John P De Jongh

    VICE PRESIDE

    Total calculated
    $0

  • Coral Megahy

    COUNCIL MEMB

    Total calculated
    $0

  • Kevin Sheppard

    COUNCIL MEMB

    Total calculated
    $0

  • Yohannes Worede

    PRESIDENT

    Total calculated
    $0

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.

Grants on this return

  • VARIOUS

    $48,034

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.0
Source object
202422979349300507

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