Xolos Academy Fc Mn Inc

Nonprofit profile at a glance

EIN
882049503
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Baxter, MN, USA
Phone
2188213617
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$42,250
Expenses
$46,482
Assets
$837
Liabilities
$1,603

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • HEIDI LEMIEUR (President)
  • JONATHAN LEMIEUR (Vice President)

People named in this filing

  • HEIDI LEMIEUR (President)
  • JONATHAN LEMIEUR (Vice President)
  • JEFF JAMES (Director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Teach soccer skills, sportsmanship and character development to youth soccer players located in central and northern mn.

What it reported doing in 2024

Xolo academy fc mn provides over 60 youths between the ages of 6-19 the opportunity to learn the game of soccer with an emphasis on sportsmanship and character building. Players build athletic skills, self confidence and lifelong friendships by participating in practices, competitive tournaments, and skill camps with teammates from central and northern mn as well as other teams from across the us.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 82
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 70.8%; rating input score 71

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -10%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 1.92; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 17.8% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 18.9% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 70.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $33K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.