Florida Elite Soccer Academy Inc
Nonprofit profile at a glance
- EIN
- 593090428
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Jacksonville, FL, USA
- Phone
- 9042871885
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $6,541,519
- Expenses
- $6,576,283
- Assets
- $2,989,083
- Liabilities
- $2,064,793
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- STEVE LIVINGSTONE (PRESIDENT)
Highest reported compensation
- SEAN BUBB (EXECUTIVE DI): $197,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Forida elite soccer academy pledges to be a full service soccer organization dedicated to the growth and enrichment of its participating members.
What it reported doing in 2024
Florida elite soccer academy pledges to be a full service soccer organization dedicated to the growth and enrichment of its participating members. Florida elite provides development opportunities for players starting starting at a young age. A player-centric approach fosters individual confidence along with team success. These goals will be achieved through hard work, dedication, and the complete commitment to every level of player from recreational to elite. Florida elite soccer academy teaches players a style of soccer emphasizing passing and possession of the ball. The philosophy is consistent throughout the club so every team and inividual learns a similar style of play. This leads to team success while promoting the continual growth and development of our players. The club instills a dedication to excellence and teamwork in all players. The club has about 140 competitive teams and 250 recreational teams. They play about 8000 games in the spring and fall. The teams are supported by over 1700 volunteers.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 60
- Accountability: 74
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.9%; rating input score 96
- Program expense ratio: 95.3%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.5%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.69; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 12% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 17.1% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 95.9% of revenue deployed · 95.3% of spending went to programs
- Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $6.3M in reported program spending
- Leadership: top reported pay $198K · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.