Nola Soccer Academy EIN 45-3597652

Nola Soccer Academy

EIN  45-3597652 Public charity (501(c)(3)) Metairie, LA
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Size
$100K–1M
What they do
Offers soccer programs, training, teams, and camps for youth and young adults.
Leadership
Kenneth Farrell · President
Money in and out
$602K revenue, $717K expenses
Bottom line
91% program efficiency

Offers soccer programs, training, teams, and camps for youth and young adults. For fiscal year 2024 it reported $602K in revenue, $717K in expenses, and $197K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$602K
Pt VIII · Ln 12
Total expenses
$717K
Pt IX · Ln 25
Net assets
$197K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$115K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs▲ +14% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▼ -27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$602K
FY2024▼ -18%
Expenses
$717K
FY2024▼ -15%
Total assets
$197K
FY2024▼ -37%
Total liabilities
$0
FY2024
Total revenue
$602K
Pt VIII · Ln 12
Total expenses
$717K
Pt IX · Ln 25
Net assets
$197K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$115K
Total assetsPt X · Ln 16$197K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $655K of program spending, described in the organization's own filed words · FY2024.
01

Young Adult Program

Organize and manage an amateur soccer team for young adults (ages 15-22). Provide coaching, development and continued opportunity to play AND/OR coach soccer at a high level. Provide opportunity and resources to gain college scholarships, player contracts, coaching jobs, etc.

$344Kprogram expense
02

Youth Development Program

Organize and staff youth soccer programs for area youth ages 3-20. Provide coaching and development for youth soccer players. Assist them in gaining basic to advanced skills to play on competitive, recreational and school teams. Provide exclusive soccer support to new orleans recreational department affiliate, carrollton boosters.

$305Kprogram expense
03

Summer Camp Program

Organize and staff summer soccer camps for area youth ages 5-13. Teach soccer skills, promote HEALTH/FITNESS, and develop sportsmanship at every level. In 2024, over 300 youth were registered participants over a 10 week period. Also train and develop young adult camp coaches.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNola Soccer Academy
EINHdr · item D45-3597652
Principal addressHdr · item CMetairie, LA
WebsiteHdr · item Jwww.nolajesters.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N64)
Ruling yearIRS BMFApr 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurersecretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kenneth Farrell’s $58K as President is at the 68th percentile of top reported officer pay among 1018 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$544K · 90%
Contributions & grants$58K · 10%
Program service revenue90%$544K
Contributions & grants10%$58K
Total revenueLn 12$602K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$655K
Management & general9%$61K
Total functional expensesLn 25$717K

Balance Sheet

Part X · end of year
CashLn 1$118K
Total assetsLn 16$197K
Total liabilitiesLn 26$0
Total net assetsLn 32$197K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $118K · Operating expenses/yr $717K
2.0 months
Where the money goes
Program services
Program services $655K · Total expenses $717K
91%
Management & General
Management & general $61K · Total expenses $717K
9%
Fundraising
Fundraising $0 · Total expenses $717K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $48K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $58K · Total revenue $602K
10%
Government reliance
Government grants — · Total revenue $602K
Earned-income share
Program service revenue $544K · Total revenue $602K
90%
Investment reliance
Investment income $0 · Total revenue $602K
0%
Program self-sufficiency
Program service revenue $544K · Total expenses $717K
76%
Growth & trend
Revenue growth (YoY)
This year $602K · Prior year $733K
-18%
Revenue CAGR
FY2020 $309K · FY2024 $602K
+18%
Net-asset trend (YoY)
End of year $197K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $602K · Expenses $717K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $197K
Net-asset ratio
Net assets $197K · Total assets $197K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $197K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Farrell · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $717K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $717K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth -18%
Legal fee ratio 2%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$602K revenue · viewing · ⤓ 990 PDF
FY2023$733K revenue · ⤓ 990 PDF
FY2022$699K revenue · ⤓ 990 PDF
FY2021$477K revenue · ⤓ 990 PDF
FY2020$309K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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