Trinity Soccer Academy FY2023 filing

Tax-deductible

Raleigh, NC501(c)(3)Recreation & SportsEIN 81-2838838Revenue $835K in FY2023

On file with the IRStrinitysa.com10628 Marion Stone Way, 27614-9891 · Raleigh, NCTax-exempt since Mar 2022Publicly supported — 509(a)(2)

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Development of youth in our community through their participation in soccer. We provide opportunity in a positive and supportive family environment. Encouraging ethical behavior, good sportsmanship and Christian values.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $231K a year · 33% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$624K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$835K
+19% vs prior year
Spent
$503K
To programs
89%
Net assets
$825K
By yearFY2021–FY2024
Revenue
$835K
FY2023▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2021$529K
FY2022$699K
FY2023$835K
FY2024$746K
Expenses
$503K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$396K
FY2022$454K
FY2023$503K
FY2024$532K
Net assets
$825K
FY2023▲ +66%
Tap a bar for its year
Net assets by fiscal year
FY2021$253K
FY2022$498K
FY2023$825K
FY2024$1.0M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $446K Management & general 11% · $57K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
Key Employee
$36,000Pt VII · Sec A
Vice President
$25,795Pt VII · Sec A
$16,850Pt VII · Sec A
$16,000Pt VII · Sec A
$8,185Pt VII · Sec A
$4,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Monique Fox’s $36K as Key Employee is at the 50th percentile of top reported officer pay among 1017 $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.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Monique Fox$36,000$36,000$33,500$30,000
Jonathan Carducci—$25,795$29,362$22,125
Keegan Fairchild—$8,185$28,475—
Michael Dixon$18,000$16,000$12,000—
Andrew Burggraff$10,500$16,850$14,655$3,300
Sean a O'Connor—$4,000$2,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Develops youth through positive, supportive soccer programs, fostering ethical behavior and good sportsmanship.

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Provided by the organization

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2 programs · $446K · in their own filed words · FY2023
01

Provided safe environment for youth development of ethical and moral behavior and good sportsmanship by providing coaches for training and leadership.

$446Kprogram expense
02

Provided safe environment for youth development of ethical and moral behavior and good sportsmanship by renting soccer fields for matches.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$835K
Ln 12
Fees for servicesLn 2g$832K
Investment incomeLn 3$3K
Money outPt IX
$503K
Ln 25
Programscol B$446K
Managementcol C$57K
Owns and owesPt X
$825K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$1.4M
LiabilitiesLn 26$624K
PeoplePt VI, VII
8
listed · VII A
PaidVII A6
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$832K
Investment incomeLn 3$3K
Total revenueLn 12$835K
Assets in detailPt X, end of year
CashLn 1$61K
Cash and savings togetherLn 1–2$61K
InvestmentsLn 11–13$393K
Land, buildings, equipmentLn 10c$980K
Other assetsLn 15$11K
Total assetsLn 16$1.4M
LiabilitiesLn 26$624K
Net assetsLn 32$825K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$29K$61K
InvestmentsLn 11–13$168K$393K
Land, buildings, equipmentLn 10c$989K$980K
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$702K$624K
Net assetsLn 32$498K$825K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$53K$43K$0
Management feesLn 11a$144K$144K$0$0
Advertising and promotionLn 12$10K$10K$0$0
Office expensesLn 13$193$129$64$0
Information technologyLn 14$6K$2K$4K$0
OccupancyLn 16$183K$183K$0$0
TravelLn 17$8K$8K$0$0
InterestLn 20$22K$22K$0$0
Depreciation, depletion and amortizationLn 22$10K$10K$0$0
InsuranceLn 23$1K$1K$0$0
Other expenses (24a–d)Ln 24$24K$13K$10K$0
Total functional expensesLn 25$503K$446K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $746K$532K$214K$1.0M 990 PDF
FY2023 Viewing $835K$503K$332K$825K 990 PDF
FY2022 $699K$454K$245K$498K 990 PDF
FY2021 $529K$396K$133K$253K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $835,432 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $710,550$832,468
I-10 Investment incomePrior year −$11,368$2,964
I-11 Other revenue$0
I-12 Total revenuePrior year $699,182$835,432
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $88,760$96,170
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $364,953$406,797
I-18 Total expensesPrior year $453,713$502,967
I-19 Revenue less expensesPrior year $245,469$332,465
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $835,432 across 3 lines filed
Lines not itemized here account for $109,369 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$723,099
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$2,964
VIII-12 Total revenueRelated to mission $835,432 · Unrelated business $0 · Excluded from tax $0$835,432
Part IX · Statement of functional expenses $502,967 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $53,485 · Management $42,685 · Fundraising $0$96,170
IX-11a Management feesPrograms $144,167 · Management $0 · Fundraising $0$144,167
IX-12 Advertising and promotionPrograms $9,699 · Management $0 · Fundraising $0$9,699
IX-13 Office expensesPrograms $129 · Management $64 · Fundraising $0$193
IX-14 Information technologyPrograms $1,855 · Management $3,709 · Fundraising $0$5,564
IX-16 OccupancyPrograms $182,918 · Management $0 · Fundraising $0$182,918
IX-17 TravelPrograms $7,765 · Management $0 · Fundraising $0$7,765
IX-20 InterestPrograms $21,808 · Management $0 · Fundraising $0$21,808
IX-22 Depreciation, depletion and amortizationPrograms $9,659 · Management $0 · Fundraising $0$9,659
IX-23 InsurancePrograms $1,434 · Management $0 · Fundraising $0$1,434
IX-24 Other expenses (24a–d)Programs $13,336 · Management $10,254 · Fundraising $0$23,590
IX-25 Total functional expensesPrograms $446,255 · Management $56,712 · Fundraising $0$502,967
Part X · Balance sheet $1,448,749 assets, 8 lines filed
Asset lines not itemized here account for $3,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $28,685$61,186
X-10c Land, buildings and equipment, netStart of year $988,959$980,218
X-11 Publicly traded securitiesStart of year $167,829$393,482
X-15 Other assetsStart of year $11,781$10,863
X-16 Total assetsStart of year $1,200,254$1,448,749
X-26 Total liabilitiesStart of year $702,238$623,577
X-32 Total net assets or fund balancesStart of year $498,016$825,172
X-33 Total liabilities and net assetsStart of year $1,200,254$1,448,749
Part XI · Reconciliation of net assets $825,172 net assets at year end
XI-1 Total revenue$835,432
XI-2 Total expenses$502,967
XI-3 Revenue less expenses$332,465
XI-4 Net assets at start of year$498,016
XI-5 Net unrealized gains (losses) on investments−$5,309
XI-10 Net assets at end of year$825,172

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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