FREDERICKSBURG AREA SOCCER ASSOCIATION INC

EIN: 521259945 501(c)(3) Recreation & Sports

Fredericksburg, VA

Total Revenue
$780,070
Total Expenses
$772,892
Total Assets
$123,937
Net Assets
$-255,288
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
Grover Gibson
Phone
5407606409
Tax Period
2024-01-01 to 2024-12-31

Fredericksburg Area Soccer Association, founded in 1982, is a small nonprofit in the Recreation & Sports sector that reported $921K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year.

Mission

The mission of the Fredericksburg Area Soccer Association is to provide organized soccer programming to local kids in the Fredericksburg area. We have many programs for kids age 3 to 19.

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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 $14,041
Program Service Revenue $766,027
Investment Income $2
Other Revenue $0
TOTAL REVENUE $780,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $266,690
Fundraising Expenses $0
Program Expenses $772,892
Other Expenses $506,202
TOTAL EXPENSES $772,892

Year-over-Year Comparison

2024 2023 Change
Revenue $780,070 $627,713 +0.2%
Expenses $772,892 $723,628 +0.1%
Net Income $7,178 $-95,915 -1.1%
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
4
Independent Members
3
Employees
11
Volunteers
15

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
1
$81,591
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Grover Gibson President 5
Director
$81,591 $0 $81,591
Shayla Ripley Director 1
Officer
$0 $0 $0
Keith Izadi Vice President 1
Officer
$0 $0 $0
Paula Kallay Director 1
Officer
$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 $780,070 $772,892 $123,937 $7,178
2019 $657,321 $786,639 $196,179 $-129,318
2018 $920,674 $893,550 $302,365 $27,124
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