MEMPHIS SOCCER EDUCATION INC

EIN: 621456023 501(c)(3)

MEMPHIS, TN

Total Revenue
$370,106
Total Expenses
$419,740
Total Assets
N/A
Net Assets
$-4,629
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TN
Phone
9017520222
Tax Period
2022-07-01 to 2023-06-30

MEMPHIS SOCCER EDUCATION INC, founded in 1990, is a small nonprofit that reported $370K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $420K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE THE SPORT OF SOCCER THROUGH TEACHING CHILDREN AND ADULTS IN THE MEMPHIS TN AREA HPOW TO PLAY THE SPORT

Program Service Accomplishments

Program 1
Expenses: $419,740 Revenue: $300,765

COORDINATED AND PROVIDED COACHING, EDUCATIONAL, TEAM LEAGUE COMPETITION AND TOURNAMENTS FOR CHILDREN AND ADULTS TO LEARN, PLAY, AND COACH THE GAME OF SOCCER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $69,341
Program Service Revenue $300,765
Investment Income $0
Other Revenue $0
TOTAL REVENUE $370,106

Expense Breakdown

Grants Paid $0
Salaries & Benefits $118,336
Fundraising Expenses $0
Program Expenses $419,740
Other Expenses $301,404
TOTAL EXPENSES $419,740

Year-over-Year Comparison

2022 2021 Change
Revenue $370,106 $390,047 -0.1%
Expenses $419,740 $501,672 -0.2%
Net Income $-49,634 $-111,625 -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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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
N/A

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
$63,900
Total Directors
7
$107,900
Key Employees
2
$107,900
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BUTE PRESIDENT 40.00
Officer Director Key Emp Highest
$63,900 $0 $63,900
GWEN HUBBARD SEC TREAS 10.00
Officer Director
$0 $0 $0
RHAMOS AUR VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
MAREK BUTE DIRECTOR 10.00
Director
$0 $0 $0
GAREN HADDAD DIRECTOR 10.00
Director
$0 $0 $0
SCOTT MANES DIRECTOR 10.00
Director
$0 $0 $0
CARL SCHMITT EMPLOYEE 20.00
Director Key Emp
$44,000 $0 $44,000
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
2023 $370,106 $419,740 No data $-49,634
2022 $390,047 $501,672 $45,005 $-111,625
2021 $760,302 $686,117 $156,630 $74,185
2020 $807,577 $762,132 $221,670 $45,445
2019 $663,566 $750,159 $177,720 $-86,593
2018 $769,452 $706,923 $283,656 $62,529
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