Fusion Soccer INC FY2022 filing

Manchester Center, VTUnknown exempt organization EIN 82-3919232Revenue $259K in FY2022

On file with the IRSvtfusionsoccer.comPo Box 1693 · Manchester Center, VT

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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

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FY2022 · 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
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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
Spent
$231K
To programs
100%
Net assets
$61K
By yearFY2022–FY2024
Revenue
$259K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$259K
FY2023$335K
FY2024$281K
Expenses
$231K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$231K
FY2023$309K
FY2024$279K
Net assets
$61K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$61K
FY2023$73K
FY2024$66K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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% · $231K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
VP Director of Operations
$0Pt VII · Sec A
Presidentsecretary
$0Pt VII · Sec A
Co-Director of Gmc Director
$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.

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Provided by the organization

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1 program · $231K · in their own filed words · FY2022
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.

$231Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$257K
Gifts and grantsLn 1h$2K
Investment incomeLn 3$15
Money outPt IX
$231K
Ln 25
Programscol B$231K
Owns and owesPt X
$61K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$61K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$257K
Investment incomeLn 3$15
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Total assetsLn 16$61K
LiabilitiesLn 26$0
Net assetsLn 32$61K
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 FY22End FY22
Cash and savingsLn 1–2$34K$58K
Total assetsLn 16$34K$61K
LiabilitiesLn 26$1K$0
Net assetsLn 32$33K$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$11K$11K
Pay of current officers, directors and key staffLn 5$28K$28K
Other salaries and wagesLn 7$915$915
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$38K$38K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$9K
Conferences, conventions and meetingsLn 19$2K$2K
Other expenses (24a–d)Ln 24$55K$55K
All other expensesLn 24e$83K$83K
Total functional expensesLn 25$231K$231K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $281K$279K$1K$66K 990 PDF
FY2023 $335K$309K$26K$73K 990 PDF
FY2022 Viewing $259K$231K$28K$61K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $259,459 revenue, 12 lines filed
I-8 Contributions and grants$2,500
I-9 Program service revenuePrior year $140,483$256,944
I-10 Investment income$15
I-11 Other revenue$0
I-12 Total revenuePrior year $140,483$259,459
I-13 Grants and similar amounts paid$11,463
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $17,500$28,415
I-16a Professional fundraising fees$0
I-17 Other expenses$191,273
I-18 Total expensesPrior year $17,500$231,151
I-19 Revenue less expensesPrior year $122,983$28,308
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $259,459 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,500
VIII-1h Total contributions, gifts and grants$2,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $256,944$256,944
VIII-3 Investment incomeRelated to mission $15$15
VIII-12 Total revenueRelated to mission $256,959 · Unrelated business $0 · Excluded from tax $0$259,459
Part IX · Statement of functional expenses $231,151 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $11,463$11,463
IX-5 Pay of current officers, directors and key staffPrograms $27,500$27,500
IX-7 Other salaries and wagesPrograms $915$915
IX-11c Accounting feesPrograms $1,680$1,680
IX-11g Other fees for servicesPrograms $38,083$38,083
IX-12 Advertising and promotionPrograms $2,110$2,110
IX-13 Office expensesPrograms $9,240$9,240
IX-19 Conferences, conventions and meetingsPrograms $2,008$2,008
IX-24 Other expenses (24a–d)Programs $55,487$55,487
IX-24e All other expensesPrograms $82,665$82,665
IX-25 Total functional expensesPrograms $231,151 · Management $0 · Fundraising $0$231,151
Part X · Balance sheet $61,258 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $34,085$58,258
X-4 Accounts receivable$3,000
X-16 Total assetsStart of year $34,085$61,258
X-26 Total liabilitiesStart of year $1,135$0
X-32 Total net assets or fund balancesStart of year $32,950$61,258
X-33 Total liabilities and net assetsStart of year $34,085$61,258
Part XI · Reconciliation of net assets $61,258 net assets at year end
XI-1 Total revenue$259,459
XI-2 Total expenses$231,151
XI-3 Revenue less expenses$28,308
XI-4 Net assets at start of year$32,950
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$61,258

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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