Civic Intelligence

Palumbo Soccer Club

EIN 23-3080485 • 501(c)3 • Philadelphia, PA

Profile

Operation of a youth soccer club

1517 S Bouvier Street Ste 1500Philadelphia, PA 19146

www.palumbosoccer.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.03x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

94th percentile

110%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

54%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$236,622

Up $124,021 (+110%) from 2023

Liabilities

Up

$24,059

Up $24,059 from 2023

Net Assets

Up

$212,563

Up $99,962 (+89%) from 2023

Revenue

Up

$709,821

Up $248,449 (+54%) from 2023

Expenses

Up

$619,779

Up $122,510 (+25%) from 2023

Net Income

Up

$90,042

Up $125,939 (+351%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2015: $44,866Liabilities 2015: $0Net Assets 2015: $44,8662015Assets 2016: $94,535Liabilities 2016: $0Net Assets 2016: $94,5352016Assets 2017: $130,951Liabilities 2017: $0Net Assets 2017: $130,9512017Assets 2018: $152,175Liabilities 2018: $0Net Assets 2018: $152,1752018Assets 2019: $151,120Liabilities 2019: $0Net Assets 2019: $151,1202019Assets 2020: $181,808Liabilities 2020: $0Net Assets 2020: $181,8082020Assets 2021: $215,765Liabilities 2021: $0Net Assets 2021: $215,7652021Assets 2022: $148,498Liabilities 2022: $0Net Assets 2022: $148,4982022Assets 2023: $112,601Liabilities 2023: $0Net Assets 2023: $112,6012023Assets 2024: $236,622Liabilities 2024: $24,059Net Assets 2024: $212,5632024

Highlighted filing

2024

Assets$236,622
Liabilities$24,059
Net Assets$212,563

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $93,127Expenses 2015: $99,365Net Income 2015: -$6,2382015Revenue 2016: $203,844Expenses 2016: $154,175Net Income 2016: $49,6692016Revenue 2017: $289,478Expenses 2017: $253,062Net Income 2017: $36,4162017Revenue 2018: $351,846Expenses 2018: $330,620Net Income 2018: $21,2262018Revenue 2019: $384,685Expenses 2019: $385,740Net Income 2019: -$1,0552019Revenue 2020: $158,419Expenses 2020: $119,523Net Income 2020: $38,8962020Revenue 2021: $318,279Expenses 2021: $284,322Net Income 2021: $33,9572021Revenue 2022: $345,619Expenses 2022: $385,236Net Income 2022: -$39,6172022Revenue 2023: $461,372Expenses 2023: $497,269Net Income 2023: -$35,8972023Revenue 2024: $709,821Expenses 2024: $619,779Net Income 2024: $90,0422024

Highlighted filing

2024

Revenue$709,821
Expenses$619,779
Net Income$90,042

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$709,821
Mission and Program Overview

Mission

Operation of a youth soccer club

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$112,601$236,622▲ $124,021
Rtn Earn Endowment Incm Other Fnds$69,254$212,563▲ $143,309
Total Assets$112,601$236,622▲ $124,021
Liabilities
Grants Payable$43,347$24,059▼ $19,288
Total Liabilities$43,347$24,059▼ $19,288
Net Assets / Fund Balance
Total Net Assets Fund Balance$69,254$212,563▲ $143,309
Total Liabilities and Net Assets / Fund Balance$112,601$236,622▲ $124,021
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vince PetriPresident
Rich DziepakVice President
Elle TopcheBoard Member
Zach MorrisBoard Member
Suzie PawleskieSecretary
Jeff FormanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,169
Program Service Revenue
$669,722
Investment Income
$0
Other Revenue
$5,930
All Other Contributions
$34,169
Change in Net Assets
$90,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$619,449
Grants and Similar Amounts Paid$330
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$93,760--$93,760
Advertising$38,179--$38,179
Office Expenses-$13,283-$13,283
All Other Expenses$9,564--$9,564
Fees for Services Accounting-$2,050-$2,050
Insurance$1,390--$1,390
Grants to Domestic Orgs$330--$330
Total Functional Expenses$604,446$15,333$0$619,779
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

All board members participate in all board decisions

Committee meeting documentation Part VI line 8B

Minutes of all meetings are prepared and documented

Form 990 governing body review Part VI line 11

Form 990 is provided to all directors for review prior to filing.

CEO executive director top management comp Part VI line 15A

The board participates in all decisons regarding compensation, etc.

Other officer or key employee compensation Part VI line 15B

The board participates in all decisions regarding compensation

Governing documents etc available to public Part VI line 19

Form 990, minutes of all meetings are available for inspection upon request

Filing and Contact Details

Filer

Filer Name
Palumbo Soccer Club
EIN
23-3080485
In Care Of
% JEFF FORMAN
Phone
2157519192
Address
1517 S BOUVIER STREET STE 1500, PHILADELPHIA, PA 19146

Signing Officer

Name
Jeff Forman
Title
Treasurer
Phone
2157519192
Signed
2025-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Vince Petri
Formed
2012
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Paul J Strus CPA
Address
1990 SPROUL ROAD, BROOMALL, PA 19008
Preparer
Paul J Strus CPA
Phone
6103535300
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Video/camera svcs $ 4,288 other costs, svcs $ 2,527 unapplied expenses $ 2008 uncategorized expenses $ 741 total $ 9,564

Part XI response or note to any line in Part XI

Reconciliation discrepencies prior year $ 53,267

Raw XML Appendix353 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD PARTICIPATES IN ALL DECISONS REGARDING COMPENSATION, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD PARTICIPATES IN ALL DECISIONS REGARDING COMPENSATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6VIDEO/CAMERA SVCS $ 4,288 OTHER COSTS, SVCS $ 2,527 UNAPPLIED EXPENSES $ 2008 UNCATEGORIZED EXPENSES $ 741 TOTAL $ 9,564
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015333
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0604446
IRS990/TotalFunctionalExpensesGrp/TotalAmt0619779
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043347
IRS990/TotalLiabilitiesEOYAmt024059
IRS990/TotalLiabilitiesGrp/BOYAmt043347
IRS990/TotalLiabilitiesGrp/EOYAmt024059
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt069254
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0212563
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0604446
IRS990/TotalProgramServiceRevenueAmt0669722
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0675652
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0709821
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0112601
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0236622
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01517 S BOUVIER STREET Ste 1500
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019146
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.PALUMBOSOCCER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF FORMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02157519192
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALUMBO SOCCER CLUB
ReturnHeader/Filer/BusinessNameControlTxt0PALU
ReturnHeader/Filer/EIN0233080485
ReturnHeader/Filer/InCareOfNm0% JEFF FORMAN
ReturnHeader/Filer/PhoneNum02157519192
ReturnHeader/Filer/USAddress/AddressLine1Txt01517 S BOUVIER STREET STE 1500
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019146
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0815080955
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAUL J STRUS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01990 SPROUL ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOMALL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019008
ReturnHeader/PreparerPersonGrp/PhoneNum06103535300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL J STRUS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-15T16:19:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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