Happy Feet Soccer Academy Inc

Nonprofit profile at a glance

EIN
465348676
IRS 990 coverage
2016–2018
Forms available
Form 990 2018
Location
Pico Rivera, CA, USA
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Services

Reported finances

Revenue
$65,566
Expenses
$55,819
Assets
$74,891
Liabilities
$55,819

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • FRANK LOPEZ (PRESIDENT AND FOUNDER)

People named in this filing

  • FRANK LOPEZ (PRESIDENT AND FOUNDER)

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

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This corporation is a nonprofit Public Benefit Corporation and is not organized for private gain of any person. The specific purpose is to reach the life of kids through education, fitness and team sports and to promote the growth and development of the children.

What it reported doing in 2018

Happy Feet Youth Soccer Academy is a team comprised of hardworking and dedicated soccer players. A highly qualified coachng and administrative staff, who provide the players with a comprehensive soccer experience, lead the team. Some of their recent accomplishments: SCNPL Champions, taking second place overall in the SDDA for the 2018 season 2018 Blue Cup Finalists, Champions for the SWBC Spring Madness and Summer Classic Tournaments, competing in the World Games in Paris, France and placing a finalists. The Team has a Cal South ranking of 22nd, a Region 4 ranking of 67th and a National Ranking for GU15 of 154th. The Team is also known for retaining their players and being highly competitive against other Flight 1 and higher teams. Happy Feet G05 is an elite team that is able and ready to compete at a higher level of play for the 2019 season.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
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. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 14.9%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.34; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 20.7% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -2.8% per year; rating input score 0; 52nd percentile among comparable filings
  • Asset growth: 96% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 100% of spending went to programs
  • Governance: 1 of 1 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $56K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2016 to 2018
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.