LOUDOUN SOUTH LITTLE LEAGUE INC

EIN: 208335894 501(c)(3)

SOUTH RIDING, VA

Total Revenue
$378,801
Total Expenses
$401,909
Total Assets
$161,823
Net Assets
$161,823
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
JOE SORICELLI
Phone
7032835350
Tax Period
2023-10-01 to 2024-09-30

LOUDOUN SOUTH LITTLE LEAGUE INC, founded in 2007, is a small nonprofit that reported $422K in total revenue in fiscal year 2017. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $69K, a strong 16% operating margin.

Mission

LOUDOUN SOUTH LITTLE LEAGUE IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE, DEVELOP, SUPERVISE, AND VOLUNTARILY ASSIST IN ALL LAWFUL WAYS, THE INTEREST OF THOSE WHO WILL PARTICIPATE IN LITTLE LEAGUE BASEBALL AND SOFTBALL. THROUGH PROPER GUIDANCE AND EXEMPLARY LEADERSHIP, THE LOUDOUN SOUTH LITTLE LEAGUE PROGRAM ASSISTS CHILDREN IN DEVELOPING THE QUALITIES OF CITIZENSHIP, DISCIPLINE, TEAMWORK AND PHYSICAL WELL-BEING. BY TEACHING THE VIRTUES OF CHARACTER, COURAGE AND LOYALTY, THE LOUDOUN SOUTH LITTLE LEAGUE BASEBALL AND SOFTBALL PROGRAM IS DESIGNED TO DEVELOP SUPERIOR CITIZENS RATHER THAN SUPERIOR ATHLETES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,760
Program Service Revenue $367,663
Investment Income $-41,782
Other Revenue $10,160
TOTAL REVENUE $378,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $388,444
Other Expenses $401,909
TOTAL EXPENSES $401,909

Year-over-Year Comparison

2023 2022 Change
Revenue $378,801 $394,379 0.0%
Expenses $401,909 $456,310 -0.1%
Net Income $-23,108 $-61,931 -0.6%
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
17
Independent Members
17
Employees
N/A
Volunteers
389

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE SORICELLI PRESIDENT 5.00
Officer Director
$0 $0 $0
BRIAN TRIPLETT VICE PRESIDE 5.00
Officer Director
$0 $0 $0
BRANDON VAUGHAN SECRETARY AN 5.00
Officer Director
$0 $0 $0
ZACH HESS TREASURER 4.00
Officer Director
$0 $0 $0
MAUREEN THAIVALAPPIL PLAYER AGENT 3.00
Director
$0 $0 $0
CHRIS WARFIELD TREASURER - 3.00
Officer Director
$0 $0 $0
SCOTT CASETTA PLAYER AGENT 3.00
Director
$0 $0 $0
STEPHEN RICCIO PLAYER AGENT 3.00
Director
$0 $0 $0
JODY RUTHERFORD FACILITIES M 2.00
Director
$0 $0 $0
ROSIE LOVE CHIEF UMPIRE 5.00
Director
$0 $0 $0
MAT SHANNON INFORMATION 2.00
Director
$0 $0 $0
JONATHAN MOLLERUP EQUIPMENT MA 2.00
Director
$0 $0 $0
KEVIN GINTY COACHING COO 3.00
Director
$0 $0 $0
JASON MCDONOUGH FUNDRAISING 2.00
Director
$0 $0 $0
MIKE WALKER LEAGUE SCHED 5.00
Director
$0 $0 $0
WALTER OKPYCH SOFTBALL OPE 2.00
Director
$0 $0 $0
ASHLEY RUSHING COMMUNITY AF 1.00
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
2024 $378,801 $401,909 $161,823 $-23,108
2023 $394,379 $456,310 $183,931 $-61,931
2022 $382,508 $430,041 $245,862 $-47,533
2021 $390,401 $363,119 $293,395 $27,282
2020 $368,199 $418,322 $266,113 $-50,123
2019 $374,610 $338,461 $316,236 $36,149
2018 $421,663 $352,710 $331,678 $68,953
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