Civic Intelligence

Southern California Soccer Academy

EIN 47-2816268 • 501(c)3 • Sherman Oaks, CA

Profile

To provide the optimal mix of training, fitness, and competition to best prepare young athletes to play at the high school, collegiate and national levels.

5651 Sepulveda Blvd No 302Sherman Oaks, CA 91411

www.socalacademy.org

Siviq Scores

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

Liabilities / Assets

100th percentile

13.28x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.08x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

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 2019

Asset Growth

3rd percentile

-84%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

63%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,503

Down $18,207 (-84%) from 2018

Liabilities

Down

$46,506

Down $153,929 (-77%) from 2018

Net Assets

Up

-$43,003

Up $135,722 (+76%) from 2018

Revenue

Up

$581,667

Up $225,141 (+63%) from 2018

Expenses

Up

$460,549

Up $55,137 (+14%) from 2018

Net Income

Up

$121,118

Up $170,004 (+348%) from 2018

Trend Graphs

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2015: $27,024Liabilities 2015: $273,782Net Assets 2015: -$246,7582015Assets 2016: $20,704Liabilities 2016: $232,178Net Assets 2016: -$211,4742016Assets 2017: $13,532Liabilities 2017: $143,371Net Assets 2017: -$129,8392017Assets 2018: $21,710Liabilities 2018: $200,435Net Assets 2018: -$178,7252018Assets 2019: $3,503Liabilities 2019: $46,506Net Assets 2019: -$43,0032019

Highlighted filing

2019

Assets$3,503
Liabilities$46,506
Net Assets-$43,003

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $160,065Expenses 2015: $262,823Net Income 2015: -$102,7582015Revenue 2016: $453,189Expenses 2016: $433,239Net Income 2016: $19,9502016Revenue 2017: $613,513Expenses 2017: $531,878Net Income 2017: $81,6352017Revenue 2018: $356,526Expenses 2018: $405,412Net Income 2018: -$48,8862018Revenue 2019: $581,667Expenses 2019: $460,549Net Income 2019: $121,1182019

Highlighted filing

2019

Revenue$581,667
Expenses$460,549
Net Income$121,118

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 15, 2021
Return Version
2019v5.1
Gross Receipts
$581,667
Mission and Program Overview

Mission

To provide the optimal mix of training, fitness, and competition to best prepare young athletes to play at the high school, collegiate and national levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$-20,121$100,997▲ $121,118
Loans From Officers Directors$42,411$6,206▼ $36,205
Land, Buildings, and Equipment, Net$7,725$3,438▼ $4,287
Cash and Non-Interest-Bearing Accounts$7,086$65▼ $7,021
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$-144,000$-144,000→ $0
Total Assets$14,811$3,503▼ $11,308
Liabilities
Other Liabilities$23,237$24,300▲ $1,063
Unsecured Notes Loans Payable$113,284$16,000▼ $97,284
Total Liabilities$178,932$46,506▼ $132,426
Net Assets / Fund Balance
Total Net Assets Fund Balance$-164,121$-43,003▲ $121,118
Total Liabilities and Net Assets / Fund Balance$14,811$3,503▼ $11,308

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,438$29,387$32,825
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$239,870
Program Service Revenue
$341,797
Investment Income
$0
Other Revenue
$0
All Other Contributions
$239,870
Change in Net Assets
$121,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$460,549
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$36,523$23,077-$59,600
Other Expenses$54,182$34,800-$34,800
Advertising$6,857--$6,857
Interest-$6,120-$6,120
Depreciation Depletion$4,287--$4,287
Office Expenses-$620-$620
Total Functional Expenses$395,932$64,617$0$460,549
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$42,411$6,206▼ $36,205
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$24,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 B, Line 11B

Form 990 is reviewed and signed by an officer of the organization before it is filed.

Form 990, Part VI, Section C, Line 19

The board of directors may alter, amend or repeal at any meeting the bylaws of the corporation. Southern california soccer academy has its own conflict of interest policy, which applies to the board of directors and officers of the organization. The financial statements are provided to government agencies or to the public from time to time upon request.

Filing and Contact Details

Filer

Filer Name
Southern California Soccer Academy
EIN
47-2816268
Phone
8886091110
Address
5651 SEPULVEDA BLVD NO 302, SHERMAN OAKS, CA 91411

Signing Officer

Name
Daniel Pesci
Title
CEO
Phone
6619455999
Signed
2021-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Pesci
Formed
2014
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Martini Akpovi Partners Llp
Address
16830 VENTURA BLVD SUITE 501, ENCINO, CA 91436
Preparer
James L Roberts CPA
Phone
8187891179
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Tournament and leagues: program service expenses 17,784. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,784. Equipment rentals: program service expenses 12,590. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,590. Bank fees: program service expenses 0. Management and general expenses 8,888. Fundraising expenses 0. Total expenses 8,888. Travel expense: program service expenses 0. Management and general expenses 6,514. Fundraising expenses 0. Total expenses 6,514. Uniforms: program service expenses 6,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,149. Repairs and maintenance: program service expenses 0. Management and general expenses 3,184. Fundraising expenses 0. Total expenses 3,184. Telephone: program service expenses 0. Management and general expenses 2,866. Fundraising expenses 0. Total expenses 2,866. Meals and entertainment: program service expenses 0. Management and general expenses 1,480. Fundraising expenses 0. Total expenses 1,480. Automobile expenses: program service expenses 0. Management and general expenses 95. Fundraising expenses 0. Total expenses 95. State fees: program service expenses 0. Management and general expenses 50. Fundraising expenses 0. Total expenses 50.

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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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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0(A) NAME OF PERSON: DANIEL PESCI(C) PURPOSE OF LOAN: SUPPORT DAILY FUNCTION OF EXEMPT ORGANIZATION(A) NAME OF PERSON: DINO DURAND(C) PURPOSE OF LOAN: SUPPORT DAILY FUNCTION OF EXEMPT ORGANIZATION
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS:
IRS990ScheduleL/TotalBalanceDueAmt06206
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND SIGNED BY AN OFFICER OF THE ORGANIZATION BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MAY ALTER, AMEND OR REPEAL AT ANY MEETING THE BYLAWS OF THE CORPORATION. SOUTHERN CALIFORNIA SOCCER ACADEMY HAS ITS OWN CONFLICT OF INTEREST POLICY, WHICH APPLIES TO THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION. THE FINANCIAL STATEMENTS ARE PROVIDED TO GOVERNMENT AGENCIES OR TO THE PUBLIC FROM TIME TO TIME UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TOURNAMENT AND LEAGUES: PROGRAM SERVICE EXPENSES 17,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,784. EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 12,590. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,590. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,888. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,888. TRAVEL EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,514. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,514. UNIFORMS: PROGRAM SERVICE EXPENSES 6,149. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,149. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,184. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,184. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,866. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,866. MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,480. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,480. AUTOMOBILE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 95. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 95. STATE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 50. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014811
IRS990/TotalAssetsEOYAmt03503
IRS990/TotalAssetsGrp/BOYAmt014811
IRS990/TotalAssetsGrp/EOYAmt03503
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0239870
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064617
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0395932
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460549
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0178932
IRS990/TotalLiabilitiesEOYAmt046506
IRS990/TotalLiabilitiesGrp/BOYAmt0178932
IRS990/TotalLiabilitiesGrp/EOYAmt046506
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-164121
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-43003
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0395932
IRS990/TotalProgramServiceRevenueAmt0341797
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0341797
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0581667
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014811
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03503
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0113284
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt016000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05651 SEPULVEDA BLVD NO 302
IRS990/USAddress/CityNm0SHERMAN OAKS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091411
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SOCALACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL PESCI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06619455999
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN CALIFORNIA SOCCER ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0472816268
ReturnHeader/Filer/PhoneNum08886091110
ReturnHeader/Filer/USAddress/AddressLine1Txt05651 SEPULVEDA BLVD NO 302
ReturnHeader/Filer/USAddress/CityNm0SHERMAN OAKS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091411
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954508585
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTINI AKPOVI PARTNERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016830 VENTURA BLVD SUITE 501
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENCINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091436
ReturnHeader/PreparerPersonGrp/PhoneNum08187891179
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES L ROBERTS CPA
ReturnHeader/ReturnTs02021-01-15T17:40:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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