Fusion Soccer INC

Manchester Center, VTUnknown exempt organizationEIN 82-3919232

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Soccer development regardless of ability

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 3
filings with a surplus
Average surplus $19K a year · 6% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
5% of total assets
Looks good: liabilities are 5% 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
$281K
-16% vs prior year
Spent
$279K
To programs
100%
Net assets
$66K
By yearFY2022–FY2024
Revenue
$281K
FY2024▼ -16%
Revenue by fiscal year
FY2022$259K
FY2023$335K
FY2024$281K
Expenses
$279K
FY2024▼ -10%
Expenses by fiscal year
FY2022$231K
FY2023$309K
FY2024$279K
Net assets
$66K
FY2024▼ -10%
Net assets by fiscal year
FY2022$61K
FY2023$73K
FY2024$66K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $279K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer Co-Director of Gmc Wpsl
$0Pt VII · Sec A
VP Director of Operations
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Fusion Soccer INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops soccer skills for all players, regardless of their ability.

Provided by the organization

This section is blank until Fusion Soccer INC claims this page.

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1 program service account for $279K of program spending, described in the organization's own filed words · FY2024.
01

Fusion Soccer Inc provides soccer to over 200 children and young adults aged 5-22. The orginization focuses on growth and development through practice and tournaments. Scholarships are offered. In 2024, programing focused on traveling to Spain in 2025 to engage teams in international soccer tournaments.

$279Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$27K
Grants paid · 1 grant · $11K · 2022–2022
Unitemized GrantFY2022$11,463

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$281K
Ln 12
Fees for servicesLn 2g$281K
Investment incomeLn 3$161
Money outPt IX
$279K
Ln 25
Programscol B$279K
Owns and owesPt X
$66K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$69K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$281K
Investment incomeLn 3$161
Total revenueLn 12$281K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Total assetsLn 16$69K
LiabilitiesLn 26$3K
Net assetsLn 32$66K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$70K$69K
Total assetsLn 16$73K$69K
LiabilitiesLn 26$0$3K
Net assetsLn 32$73K$66K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K$47K
Other salaries and wagesLn 7$3K$3K
Accounting feesLn 11c$700$700
Other fees for servicesLn 11g$80K$80K
Advertising and promotionLn 12$814$814
Office expensesLn 13$10K$10K
Information technologyLn 14$3K$3K
OccupancyLn 16$32K$32K
TravelLn 17$6K$6K
Other expenses (24a–d)Ln 24$20K$20K
All other expensesLn 24e$76K$76K
Total functional expensesLn 25$279K$279K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $281K$279K$1K$66K 990 PDF
FY2023 $335K$309K$26K$73K 990 PDF
FY2022 $259K$231K$28K$61K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $280,796 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $280,635$280,635
VIII-3 Investment incomeRelated to mission $161$161
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $280,796 · Unrelated business $0 · Excluded from tax $0$280,796
Part IX · Statement of functional expenses $279,461 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $47,000$47,000
IX-7 Other salaries and wagesPrograms $2,600$2,600
IX-11c Accounting feesPrograms $700$700
IX-11g Other fees for servicesPrograms $79,794$79,794
IX-12 Advertising and promotionPrograms $814$814
IX-13 Office expensesPrograms $9,617$9,617
IX-14 Information technologyPrograms $3,372$3,372
IX-16 OccupancyPrograms $32,461$32,461
IX-17 TravelPrograms $6,445$6,445
IX-24 Other expenses (24a–d)Programs $20,446$20,446
IX-24e All other expensesPrograms $76,212$76,212
IX-25 Total functional expensesPrograms $279,461 · Management $0 · Fundraising $0$279,461
Part X · Balance sheet $69,189 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $70,324$69,189
X-16 Total assetsStart of year $73,324$69,189
X-17 Accounts payable and accrued expenses$3,376
X-26 Total liabilitiesStart of year $0$3,376
X-32 Total net assets or fund balancesStart of year $73,324$65,813
X-33 Total liabilities and net assetsStart of year $73,324$69,189
Part XI · Reconciliation of net assets $65,813 net assets at year end
XI-1 Total revenue$280,796
XI-2 Total expenses$279,461
XI-3 Revenue less expenses$1,335
XI-4 Net assets at start of year$73,324
XI-9 Other changes in net assets−$8,846
XI-10 Net assets at end of year$65,813

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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