Civic Intelligence

North Oaks Soccer Club Inc

EIN 47-2344889 • 501(c)3 • North Oaks, MN

Profile

The mission of the North Oaks Soccer Club is to provide youth up to the age of 18 programming in which to learn and to play soccer in a sportsman-like atmosphere. Programming includes practices, clinics, league play and tournaments. Emphasis is on providing an appropriate level of soccer for all interested participants. North Oaks Soccer Club believes that players develop critical life skills through their participation in sports organizations.

855 Village Center DriveNorth Oaks, MN 55127

www.northoakssoccer.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.51x

Higher debt load relative to assets than 86% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

0.64x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

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

Top Officer Pay

64th percentile

$40,992

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

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

Asset Growth

62nd percentile

8.4%

Faster asset growth than 62% of similar nonprofits.

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

Revenue Growth

44th percentile

3.0%

Faster revenue growth than 44% of similar nonprofits.

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

Assets

Up

$923,097

Up $71,217 (+8.4%) from 2023

Liabilities

Down

$470,720

Down $36,648 (-7.2%) from 2023

Net Assets

Up

$452,377

Up $107,865 (+31%) from 2023

Revenue

Up

$729,845

Up $21,182 (+3.0%) from 2023

Expenses

Down

$621,980

Down $76,909 (-11%) from 2023

Net Income

Up

$107,865

Up $98,091 (+1004%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2015: $36,796Liabilities 2015: $0Net Assets 2015: $36,7962015Assets 2016: $260,245Liabilities 2016: $1,075,971Net Assets 2016: -$815,7262016Assets 2017: $80,130Liabilities 2017: $0Net Assets 2017: $80,1302017Assets 2018: $58,914Liabilities 2018: $0Net Assets 2018: $58,9142018Assets 2019: $138,116Liabilities 2019: $0Net Assets 2019: $138,1162019Assets 2020: $416,262Liabilities 2020: $150,150Net Assets 2020: $266,1122020Assets 2021: $369,931Liabilities 2021: $152,860Net Assets 2021: $217,0712021Assets 2022: $866,538Liabilities 2022: $531,800Net Assets 2022: $334,7382022Assets 2023: $851,880Liabilities 2023: $507,368Net Assets 2023: $344,5122023Assets 2024: $923,097Liabilities 2024: $470,720Net Assets 2024: $452,3772024

Highlighted filing

2024

Assets$923,097
Liabilities$470,720
Net Assets$452,377

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $73,227Expenses 2015: $36,432Net Income 2015: $36,7952015Revenue 2016: $229,488Expenses 2016: $200,495Net Income 2016: $28,9932016Revenue 2017: $329,548Expenses 2017: $315,208Net Income 2017: $14,3402017Revenue 2018: $320,738Expenses 2018: $333,885Net Income 2018: -$13,1472018Revenue 2019: $385,794Expenses 2019: $306,592Net Income 2019: $79,2022019Revenue 2020: $385,691Expenses 2020: $249,886Net Income 2020: $135,8052020Revenue 2021: $757,968Expenses 2021: $807,009Net Income 2021: -$49,0412021Revenue 2022: $941,408Expenses 2022: $823,741Net Income 2022: $117,6672022Revenue 2023: $708,663Expenses 2023: $698,889Net Income 2023: $9,7742023Revenue 2024: $729,845Expenses 2024: $621,980Net Income 2024: $107,8652024

Highlighted filing

2024

Revenue$729,845
Expenses$621,980
Net Income$107,865

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 17, 2025
Return Version
2023v6.0
Gross Receipts
$729,845
Mission and Program Overview

Mission

The mission of the North Oaks Soccer Club is to provide youth up to the age of 18 programming in which to learn and to play soccer in a sportsman-like atmosphere. Programming includes practices, clinics, league play and tournaments. Emphasis is on providing an appropriate level of soccer for all interested participants. North Oaks Soccer Club believes that players develop critical life skills through their participation in sports organizations.

North Oaks Soccer Club provides a unique development experience for all players and families looking for intensified technical skill work that will help players understand the tactical elements of the game of soccer.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$294,290$617,490▲ $323,200
Cash and Non-Interest-Bearing Accounts$539,565$188,487▼ $351,078
Prepaid Expenses and Deferred Charges$4,500$103,595▲ $99,095
Accounts Receivable$13,525$13,525→ $0
Savings and Temporary Cash Investments$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Total Assets$851,880$923,097▲ $71,217
Other Assets Total$0--
Liabilities
Unsecured Notes Loans Payable$507,368$470,720▼ $36,648
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$507,368$470,720▼ $36,648
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$344,512$452,377▲ $107,865
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$344,512$452,377▲ $107,865
Total Liabilities and Net Assets / Fund Balance$851,880$923,097▲ $71,217

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$617,490$0$617,490
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John MichaelsonPresidentPT$40,992$40,992

Board Members and Trustees

NameTitle
Chris LapalmVice President
Calen NimmerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$729,834
Investment Income
$11
Other Revenue
$0
Change in Net Assets
$107,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$580,988
Salaries, Compensation, and Employee Benefits$40,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$265,840--$265,840
Fees for Services Other$208,558--$208,558
Travel$56,340--$56,340
Current Officers, Directors, Trustees, and Key Employees$40,992--$40,992
Other Expenses$22,246$0$0$22,246
Information Technology$998$3,396-$4,394
Fees for Services Accounting-$3,000-$3,000
Office Expenses-$2,054-$2,054
Total Functional Expenses$613,530$8,450$0$621,980
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Chatem LLCJ Michaelson owns Chatem LLCPurchase of indoor soccer training equipmentNo$323,200
John MichaelsonJ Michaelson/ Pres is also a coachPayment of coaching feesNo$40,992

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by an outside tax preparer and reviewed by the president prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required annually to complete a conflict of interest questionnaire to disclose any potential conflicts. Potential conflicts are discussed openly in board meetings and appropriate actions taken to address them.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy or its financial statements (other than the form 990) available to the public.

Filing and Contact Details

Filer

Filer Name
North Oaks Soccer Club Inc
EIN
47-2344889
Phone
6513237454
Address
855 Village Center Drive, North Oaks, MN 55127
Doing Business As
No Ordinary Soccer Club

Signing Officer

Name
John Michaelson
Title
President
Phone
6513237454
Signed
2025-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Michaelson
Formed
2014
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10

Preparer

Firm
TEAM Accounting and Tax LLC
Address
6223 Glen Circle, Lino Lakes, MN 55014
Preparer
Doug Will
Phone
6512336801
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Coaching fees $235,025, including $40,922 paid to John Michaelson, president for coaching; Referee fees $2,525; Program administration $12,000.

Raw XML AppendixShowing 400 of 433 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0708621
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0789322
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0727199
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0385635
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03340611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0176
IRS990ScheduleA/InvestmentIncomeCYPct00.00005
IRS990ScheduleA/InvestmentIncomePYPct00.00007
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99995
IRS990ScheduleA/PublicSupportPY509Pct00.99993
IRS990ScheduleA/PublicSupportTotal509Amt03521247
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0729834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0708621
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0939222
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0757935
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0385635
IRS990ScheduleA/Total509Grp/TotalAmt03521247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0729845
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0708663
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0939256
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0757968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0385691
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03521423
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0617490
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0617490
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0617490
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Chatem LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1John Michaelson
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0J Michaelson owns Chatem LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1J Michaelson/ Pres is also a coach
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0323200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt140992
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase of indoor soccer training equipment
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Payment of coaching fees
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization does not have any committees of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990 was prepared by an outside tax preparer and reviewed by the president prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are required annually to complete a conflict of interest questionnaire to disclose any potential conflicts. Potential conflicts are discussed openly in board meetings and appropriate actions taken to address them.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not make its governing documents, conflict of interest policy or its financial statements (other than the form 990) available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Coaching fees $235,025, including $40,922 paid to John Michaelson, president for coaching; Referee fees $2,525; Program administration $12,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0851880
IRS990/TotalAssetsEOYAmt0923097
IRS990/TotalAssetsGrp/BOYAmt0851880
IRS990/TotalAssetsGrp/EOYAmt0923097
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08450
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0613530
IRS990/TotalFunctionalExpensesGrp/TotalAmt0621980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0507368
IRS990/TotalLiabilitiesEOYAmt0470720
IRS990/TotalLiabilitiesGrp/BOYAmt0507368
IRS990/TotalLiabilitiesGrp/EOYAmt0470720
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0344512
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0452377
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0613530
IRS990/TotalProgramServiceRevenueAmt0729834
IRS990/TotalReportableCompFromOrgAmt040992
IRS990/TotalRevenueGrp/ExclusionAmt011
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0729834
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0729845
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0851880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0923097
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt056340
IRS990/TravelGrp/TotalAmt056340
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0507368
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0470720
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0855 Village Center Drive
IRS990/USAddress/AddressLine2Txt0Suite 312
IRS990/USAddress/CityNm0North Oaks
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055127
IRS990/VotingMembersGoverningBodyCnt03

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