IOWA SOCCER DEVELOPMENT FOUNDATION INC

EIN: 844367003 501(c)(3) Community Improvement

DES MOINES, IA

Total Revenue
$1,104,364
Total Expenses
$82,264
Total Assets
$4,469,140
Net Assets
$4,439,784
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IA
Principal Officer
KYLE KRAUSE
Phone
5154576130
Tax Period
2023-01-01 to 2023-12-31

IOWA SOCCER DEVELOPMENT FOUNDATION INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 93% operating margin.

Mission

IOWA SOCCER DEVEOPMENT FOUNDATION (ISDF) WILL PROVIDE A LOCAL SOCCER-SPECIFIC SPORTING VENUE CAPABLE OF HOSTING SPORTING EVENTS FOR THE DES MOINES COMMUNITY, WHICH WILL BE USED TO EDUCATE YOUTH AND SUPPORT THE DEVELOPMENT OF AMATEUR ATHLETICS FOR NATIONAL AND INTERNATIONAL COMPETITION IN SPORTS. THE VENUE MAY BE USED BY ISDF TO HOST OTHER COMMUNITY EVENTS SUCH AS PUBLIC FESTIVALS, PERFORMANCES AND MARKETS. BY CONSTRUCTING THE VENUE ON BEHALF OF THE DES MOINES COMMUNITY, ISDF SEEKS TO (I) ELIMINATE EXISTING BLIGHT, (II) CREATE JOBS FOR UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS IN DES MOINES, (III) COMBAT COMMUNITY DETERIORATION BY ATTRACTING ADDITIONAL ECONOMIC ACTIVITY TO DES MOINES, (IV) LESSEN THE BURDENS OF GOVERNMENT, (V) EDUCATE YOUTH THROUGH SPORTS COMPETITION, AND (VI) FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION.

Program Service Accomplishments

Program 1
Expenses: $51,788

ISDF IS PLANNING AND DESIGNING A MULTI-USE SOCCER STADIUM AND PLAZA (VENUE) CAPABLE OF HOSTING EVENTS IN THE DES MOINES COMMUNITY. THE VENUE HAS BEEN APPROVED TO BE CONSTRUCTED ON A U.S. EPA...

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ISDF IS PLANNING AND DESIGNING A MULTI-USE SOCCER STADIUM AND PLAZA (VENUE) CAPABLE OF HOSTING EVENTS IN THE DES MOINES COMMUNITY. THE VENUE HAS BEEN APPROVED TO BE CONSTRUCTED ON A U.S. EPA SUPERFUND SITE THAT HAS BEEN VACANT AND NEGLECTED FOR OVER 20 YEARS. BY CONSTRUCTING THE VENUE ON THE SUPERFUND SITE, IDSF'S OBJECTIVE IS TO REVITALIZE THE CURRENTLY DEPRESSED AREA SURRONDING THE SUPERFUND SITE BY ATTRACTING ADDITIONAL BUSINESSES, CREATING JOBS AND REDUCING CRIME IN THE AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,104,364
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,104,364

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $26,381
Program Expenses $51,788
Other Expenses $59,764
TOTAL EXPENSES $82,264

Year-over-Year Comparison

2023 2022 Change
Revenue $1,104,364 $1,637,925 -0.3%
Expenses $82,264 $315,894 -0.7%
Net Income $1,022,100 $1,322,031 -0.2%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE KRAUSE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES CAMPBELL SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL KEOUGH DIRECTOR 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 No data No data No data No data
2023 $1,104,364 $82,264 $4,469,140 $1,022,100
2022 $1,637,925 $315,894 $3,534,951 $1,322,031
2021 $3,892,010 $304,714 $2,151,209 $3,587,296
2020 No data $1,491,643 No data No data
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