Burlington Soccer Club

Nonprofit profile at a glance

EIN
371545658
IRS 990 coverage
2016–2022
Forms available
Form 990 2022, Form 990-EZ 2010
Location
Graham, NC, USA
Phone
3362218840
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services

Official website

Reported finances

Revenue
$303,563
Expenses
$317,341
Assets
$126,514
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MIKE TRIBOUT (PRESIDENT)
  • TRACY SCOTT (VICE-PRESIDENT)
  • JP STRACHEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JP STRACHEN (EXECUTIVE DIRECTOR): $50,598 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We facilitate confidence building and teamwork for youth soccer players in alamance county and surrounding areas. We provide a fun, engaging environment for maximizing skill development and a lifelong love of the game.

What it reported doing in 2022

Burlington soccer club's program provides year-round training, coaching, and team competition opportunities geared to the individual player's age and ability. In fye 2023.05.31, there were over 300 youth participants. The club hosted summer training programs and camps which involved over 100 youth participants. The club also hosted a soccer tournament over columbus day weekend, which included over 950 youth participants.

Operating model

Revenue model
Earned-program. 97% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.2%; rating input score 83
  • Program expense ratio: 79.6%; rating input score 80
  • Fundraising efficiency: $1.31 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4.5%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 83.2% of revenue deployed · 79.6% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $253K in reported program spending
  • Leadership: top reported pay $51K · 7 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2016 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Fundraising efficiency scored 6/100.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 24/100.