Boreal Futbol Club
Nonprofit profile at a glance
- EIN
- 411408579
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Elk River, MN, USA
- Phone
- 6124142852
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,409,222
- Expenses
- $1,423,717
- Assets
- $-84,144
- Liabilities
- $54,264
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- CHRIS RANDALL (PRESIDENT)
Highest reported compensation
- BEN GOETTSCHE (EXECUTIVE DI): $44,400 total reported compensation
- SEAN BEGGIN (VICE PRESIDE): $8,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the organization is: (1) to promote the game of soccer by providing facilities and programming for participation in soccer, (2) to train coaches and referees, (3) to provide information materials and programs to allow a better understanding of the game by the general public, (4) to promote good sportmanship by players and spectators.
What it reported doing in 2024
1. Travel/competitive soccer - the organization provides both a summer and winter travel program which is designed to give children an opportunity to develop and play soccer at a higher level and play against other teams within the north metro region. The travel/competitive 2024 program was held from november 2023 through july 2024 and had 653 participants from ages 8 to 18 (36 teams). The travel/competitive 2025 program began november 2024 and had 723 particpants from ages 8 to 19.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 22
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 88.8%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: -0.06; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 3.7%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 15.6% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: -10.3% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 89.7% of revenue deployed · 88.8% of spending went to programs
- Governance: 12 of 12 board members independent · 1 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $44K · 13 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.