Civic Intelligence

Duluth Vaxjo Soccer Exchange Inc

990EZ • Fiscal year 2017 • EIN 47-0934579

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 16, 2018

23 W Central Entrance Box 329Duluth, MN 55811

(218) 722-1161

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.06x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

35th percentile

-2.1%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

77th percentile

$3,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$40,232

Down $11,478 (-22%) from 2016

Net Assets

Down

$37,878

Down $1,345 (-3.4%) from 2016

Liabilities

Down

$2,354

Down $10,133 (-81%) from 2016

Revenue

Up

$63,108

Up $6,890 (+12%) from 2016

Expenses

Down

$64,453

Down $11,019 (-15%) from 2016

Net Income

Up

-$1,345

Up $17,909 (+93%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2011: $45,139Net Assets 2011: $45,1392011Assets 2013: $53,205Liabilities 2013: $212Net Assets 2013: $52,9932013Assets 2014: $50,395Liabilities 2014: $55Net Assets 2014: $50,3402014Assets 2015: $58,726Liabilities 2015: $249Net Assets 2015: $58,4772015Assets 2016: $51,710Liabilities 2016: $12,487Net Assets 2016: $39,2232016Assets 2017: $40,232Liabilities 2017: $2,354Net Assets 2017: $37,8782017Assets 2018: $26,746Liabilities 2018: $4,234Net Assets 2018: $22,5122018

Highlighted filing

2017

Assets$40,232
Liabilities$2,354
Net Assets$37,878

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2011: $54,289Expenses 2011: $42,693Net Income 2011: $11,5962011Revenue 2013: $54,775Expenses 2013: $45,451Net Income 2013: $9,3242013Revenue 2014: $57,380Expenses 2014: $60,033Net Income 2014: -$2,6532014Revenue 2015: $52,456Expenses 2015: $44,319Net Income 2015: $8,1372015Revenue 2016: $56,218Expenses 2016: $75,472Net Income 2016: -$19,2542016Revenue 2017: $63,108Expenses 2017: $64,453Net Income 2017: -$1,3452017Revenue 2018: $52,601Expenses 2018: $67,967Net Income 2018: -$15,3662018

Highlighted filing

2017

Revenue$63,108
Expenses$64,453
Net Income-$1,345
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 16, 2018
Return Version
2016v3.1
Gross Receipts
$63,108
Mission and Program Overview

Mission

The organization's mission is to provide opportunities for youth soccer players in the duluth and surrounding communities to participate in a cultural exchange with similar youth from vaxjo, sweden.

Program Services

DescriptionGrantsExpenses
THE YOUTH PARTICIPANTS TRAVEL TO SWEDEN IN ODD YEARS TO PLAY IN A SOCCER TOURNAMENT AND TO HAVE A UNIQUE CULTURAL EXPERIENCE WITH SIMILAR YOUTH AND THEIR HOST FAMILIES LIVING IN VAXJO, SWEDEN AND SURROUNDING COMMUNITIES. IN EVEN YEARS, THE ORGANIZATION HOSTS THEIR SWEDISH GUESTS AND INCURS CERTAIN TRAVEL COSTS ON BEHALF OF THEIR SWEDISH GUESTS. IN ADDITION, THE ORGANIZATION HOSTS A YOUTH SOCCER TOURNAMENT FEATURING THE ORGANIZATION'S PARTICIPANTS AND THEIR SWEDISH GUESTS AND OTHER YOUTH TEAMS, GENERALLY FROM DULUTH AND THE SURROUNDING AREA.-$54,237
THE ORGANIZATION PROVIDES TEAM MEMBERS WITH THEIR UNIFORMS AND RELATED TRAVEL WEAR TO ENCOURAGE TEAM UNITY AND PROVIDE GREATER SAFETY DURING TRAVEL.-$3,345
THE ORGANIZATION FACILITATES INTERACTION BETWEEN THE PLAYERS, COACHES, CHAPERONES, BOARDS AND THE ADULT DELEGATION FROM SWEDEN TO HELP ENSURE THE PARTICIPANTS ARE SAFE AND HAVE THE OPPORTUNITY TO EXPERIENCE THE SWEDISH AND AMERICAN CULTURES.-$2,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEB FREDRICKSONTreasurer-$3,000-$3,000
ALICIA DAHLINChair-$0--
DEB KELLNERCo-Secretary-$0--
PAUL KELLNERCo-Secretary-$0--
MISSY ROSSDirector-$0--
SUE WEGNERDirector-$0--
HARRY HEAZLETTDirector-$0--
CHRISTINA HEAZLETTDirector-$0--
JANE WORLEYDirector-$0--
JENNY THORNTONDirector-$0--
AMY ALBERTSONDirector-$0--
JODY MESSNERDirector-$0--
ANISSA KARAKASDirector-$0--
Filing and Contact Details

Filer

Filer Name
Duluth Vaxjo Soccer Exchange Inc
EIN
47-0934579
Phone
2187221161
Address
23 W CENTRAL ENTRANCE BOX 329, DULUTH, MN 55811

Signing Officer

Name
Deb Fredrickson
Title
Treasurer
Phone
2187221161
Signed
2018-07-16
Discuss with paid preparer
Yes

Preparer

Firm
Hansen House Company
Address
130 W SUPERIOR ST STE 640, DULUTH, MN 55802-2056
Preparer
Greg a Hansen
Phone
2187221161
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 50 program - travel 19,329 insurance 740 program - team uniforms 3,345 program - swedish deleg'n 2,238 bank charges 310 supplies and other 403 program - tournament 38 program - player costs 34,820 total 61,273

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 6,675 21 deferred revenue 5,812 2,333

Form 990-ez, Part III

The organization's mission is to provide opportunities for youth soccer players in the duluth and surrounding communities to participate in a cultural exchange with similar youth from vaxjo, sweden.

Form 990-ez, Part III, Line 28

The youth participants travel to sweden in odd years to play in a soccer tournament and to have a unique cultural experience with similar youth and their host families living in vaxjo, sweden and surrounding communities. In even years, the organization hosts their swedish guests and incurs certain travel costs on behalf of their swedish guests. In addition, the organization hosts a youth soccer tournament featuring the organization's participants and their swedish guests and other youth teams, generally from duluth and the surrounding area.

Form 990-ez, Part III, Line 29

The organization facilitates interaction between the players, coaches, chaperones, boards and the adult delegation from sweden to help ensure the participants are safe and have the opportunity to experience the swedish and american cultures.

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S MISSION IS TO PROVIDE OPPORTUNITIES FOR YOUTH SOCCER PLAYERS IN THE DULUTH AND SURROUNDING COMMUNITIES TO PARTICIPATE IN A CULTURAL EXCHANGE WITH SIMILAR YOUTH FROM VAXJO, SWEDEN.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE ORGANIZATION FACILITATES INTERACTION BETWEEN THE PLAYERS, COACHES, CHAPERONES, BOARDS AND THE ADULT DELEGATION FROM SWEDEN TO HELP ENSURE THE PARTICIPANTS ARE SAFE AND HAVE THE OPPORTUNITY TO EXPERIENCE THE SWEDISH AND AMERICAN CULTURES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 50 PROGRAM - TRAVEL 19,329 INSURANCE 740 PROGRAM - TEAM UNIFORMS 3,345 PROGRAM - SWEDISH DELEG'N 2,238 BANK CHARGES 310 SUPPLIES AND OTHER 403 PROGRAM - TOURNAMENT 38 PROGRAM - PLAYER COSTS 34,820 TOTAL 61,273
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 6,675 21 DEFERRED REVENUE 5,812 2,333
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MISSION IS TO PROVIDE OPPORTUNITIES FOR YOUTH SOCCER PLAYERS IN THE DULUTH AND SURROUNDING COMMUNITIES TO PARTICIPATE IN A CULTURAL EXCHANGE WITH SIMILAR YOUTH FROM VAXJO, SWEDEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE YOUTH PARTICIPANTS TRAVEL TO SWEDEN IN ODD YEARS TO PLAY IN A SOCCER TOURNAMENT AND TO HAVE A UNIQUE CULTURAL EXPERIENCE WITH SIMILAR YOUTH AND THEIR HOST FAMILIES LIVING IN VAXJO, SWEDEN AND SURROUNDING COMMUNITIES. IN EVEN YEARS, THE ORGANIZATION HOSTS THEIR SWEDISH GUESTS AND INCURS CERTAIN TRAVEL COSTS ON BEHALF OF THEIR SWEDISH GUESTS. IN ADDITION, THE ORGANIZATION HOSTS A YOUTH SOCCER TOURNAMENT FEATURING THE ORGANIZATION'S PARTICIPANTS AND THEIR SWEDISH GUESTS AND OTHER YOUTH TEAMS, GENERALLY FROM DULUTH AND THE SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION FACILITATES INTERACTION BETWEEN THE PLAYERS, COACHES, CHAPERONES, BOARDS AND THE ADULT DELEGATION FROM SWEDEN TO HELP ENSURE THE PARTICIPANTS ARE SAFE AND HAVE THE OPPORTUNITY TO EXPERIENCE THE SWEDISH AND AMERICAN CULTURES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 29
ReasonableCauseExplanation/ExplanationTxt0THE ORGANIZATION IS RUN PRIMARILY BY VOLUNTEERS, AND THE BOARD MEMBERS GENERALLY HAVE ONE OR TWO YEAR TERMS. MISCOMMUNICATION BETWEEN THE BOARD AND THE TAX PREPARER RESULTED IN AN EXTENSION INADVERTENTLY NOT BEING FILED FOR THE CURRENT TAX YEAR. THE RETURN IS FILED BY DUE DATE FOR AN EXTENDED RETURN. THE BOARD RESPECTFULLY REQUESTS THE INTERNAL REVENUE SERVICE WAIVE THE LATE FILING PENALTY.
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG A HANSEN
ReturnHeader/ReturnTs02018-07-16T22:04:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

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