STAMFORD YOUTH SOCCER LEAGUE INC C/O POLITI & MAGNIFICO LLC

EIN: 061004370 501(c)(3)

GREENWICH, CT

Total Revenue
$1,209,661
Total Expenses
$1,010,069
Total Assets
$1,379,162
Net Assets
$1,379,162
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CT
Principal Officer
FRANK MAGNIFICO
Phone
2034618310
Tax Period
2024-09-01 to 2025-08-31

STAMFORD YOUTH SOCCER LEAGUE INC C/O POLITI & MAGNIFICO LLC, founded in 1978, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $200K, a strong 16% operating margin.

Mission

PROVIDE AN OPPORTUNITY FOR YOUTH AGES 4-19 OF ALL EXPERIENCE AND SKILL LEVELS TO PLAY SOCCER AND TEACH THE IMPORTANCE OF TEAMWORK, SPORTSMANSHIP, AND DISCIPLINE.

Program Service Accomplishments

Program 1
Expenses: $886,357 Revenue: $1,164,095

FOR OVER 30 YEARS THE NON-PROFIT STAMFORD YOUTH SOCCER LEAGUE HAS PROVIDED AN OPPORTUNITY TO PLAY SOCCER FOR YOUTH BETWEEN THE AGES OF 4-19. OUR GOAL IS TO CREATE AN ATMOSPHERE WITHIN WHICH CHILDREN...

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FOR OVER 30 YEARS THE NON-PROFIT STAMFORD YOUTH SOCCER LEAGUE HAS PROVIDED AN OPPORTUNITY TO PLAY SOCCER FOR YOUTH BETWEEN THE AGES OF 4-19. OUR GOAL IS TO CREATE AN ATMOSPHERE WITHIN WHICH CHILDREN OF ALL ABILITY LEVELS CAN LEARN THE GAME OF SOCCER AS WELL AS IMPORTANT LIFE SKILLS OF SPORTSMANSHIP, TEAMWORK AND DISCIPLINE. THE LEVEL OF COMPETITION RANGES FROM "FIRST TOUCH" TO THE U-18 PREMIER LEAGUES. CURRENTLY, THERE ARE 3 SOCCER PROGRAMS BEING RUN WHICH ARE THE HOUSE LEAGUE, TRAVEL TEAMS DIVISION AND INDOOR LEAGUE. THE HOUSE LEAGUE PROGRAM ACCEPTS ALL CHILDREN REGARDLESS OF SKILL LEVEL OR PREVIOUS EXPERIENCE HELD DURING AUTUMN AND SPRING. TRAVEL TEAMS DIVISION IS FOR PLAYERS WHO ACHIEVE A HIGH LEVEL OF PLAY ENOUGH TO AWARD HIM OR HER A PLACE ON A TRAVEL TEAM HELD ALSO IN SPRING AND FALL. LAST IS THE INDOOR LEAGUE WHICH ARE HELD DURING THE WINTER MONTHS. CHILDREN FROM BOTH THE HOUSE AND TRAVEL TEAMS ARE ENCOURAGED TO PARTICIPATE IN THE INDOOR LEAGUE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,675
Program Service Revenue $1,164,095
Investment Income $42,891
Other Revenue $0
TOTAL REVENUE $1,209,661

Expense Breakdown

Grants Paid $9,000
Salaries & Benefits $77,466
Fundraising Expenses $3,006
Program Expenses $933,542
Other Expenses $923,603
TOTAL EXPENSES $1,010,069

Year-over-Year Comparison

2024 2023 Change
Revenue $1,209,661 $1,141,446 +0.1%
Expenses $1,010,069 $963,105 +0.0%
Net Income $199,592 $178,341 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
1
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$71,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB PEPI CLUB DIRECTO 40.00
Director
$71,500 $0 $71,500
SAREEN ANAND SECRETARY 3.00
Officer Director
$0 $0 $0
PAUL BARD ASST-TREASUR 5.00
Director
$0 $0 $0
ERIC LINASK PRESIDENT 5.00
Officer Director
$0 $0 $0
FRANK MAGNIFICO TREASURER 5.00
Officer Director
$0 $0 $0
CARLOS MARENCO BOARD MEMBER 5.00
Director
$0 $0 $0
FERGUS SMAIL BOARD MEMBER 5.00
Director
$0 $0 $0
GENEVIEVE SMAIL BOARD MEMBER 5.00
Director
$0 $0 $0
BARRY WAHREN BOARD MEMBER 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,209,661 $1,010,069 $1,379,162 $199,592
2024 $1,141,446 $963,105 $1,179,570 $178,341
2023 $944,089 $747,729 $1,001,229 $196,360
2022 $786,280 $612,338 $814,284 $173,942
2021 $657,876 $564,255 $701,822 $93,621
2020 $452,660 $476,197 $581,295 $-23,537
2019 $769,137 $740,071 $586,888 $29,066
2018 $741,752 $794,943 $550,952 $-53,191
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