Elite Soccer Academy Inc

Nonprofit profile at a glance

EIN
931517223
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023
Location
Cashiers, NC, USA
Phone
6789435645
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$118,869
Expenses
$74,845
Assets
$44,024

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MIKE GAILEY (PRESIDENT)

People named in this filing

  • KEVIN KESTER (TREAS/SECRET)
  • MIKE GAILEY (PRESIDENT)
  • BILLY HARPER (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To positively impact the lives of young people through sports.

What it reported doing in 2023

The primary activity of elite soccer academy inc. Is to organize and facilitate youth soccer programs. These programs include regular training sessions, league competitions, tournaments, and community outreach initiatives aimed at promoting physical activity, teamwork, and personal development among the youth in our community. The activities are conducted by certified coaches and volunteers affiliated with elite soccer academy, inc. All coaches undergo background checks, receive appropriate training, and are committed to fostering a positive and inclusive environment for the participating youth. The youth soccer activities take place at various facilities within our community, including local soccer fields and sports complexes. We collaborate with local schools, municipalities, and other organizations to secure suitable venues for our programs. Essentially all of our organization's total time is allocated to organizing and conducting youth soccer activities. This includes planning, coaching, coordinating events, and administrative tasks related to the programs. The youth soccer activities are primarily funded through a combination of participant fees, donations from local businesses, and fundraising events. Approximately 90 percent of our overall expenses are allocated to support these soccer programs, covering costs such as field rentals, equipment, uniforms, and coaching resources. The youth soccer activities further our exempt purposes by providing a platform for the physical, social, and emotional development of young individuals in our community. By fostering teamwork, discipline, and a healthy lifestyle, we aim to contribute to the overall well-being of the youth. Additionally, our programs promote community engagement and inclusivity, aligning with our broader mission to positively impact the lives of young people through sports.

Operating model

Revenue model
Earned-program. 100% 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 total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 82
  • Sustainability: 61
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.1%; rating input score 58
  • Program expense ratio: 92.3%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 37%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 58.1% of revenue deployed · 92.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $69K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.