Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Collierville Soccer Association
EIN 58-1607776 • 501(c)3 • Collierville, TN
Profile
Provide soccer programs for area youth
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.44x
Liabilities / Revenue
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 5.4% of source-year revenue.
Asset Growth
36th percentile
Faster asset growth than 36% of similar nonprofits.
Revenue Growth
33rd percentile
Faster revenue growth than 33% of similar nonprofits.
Balance Sheet
Assets
Down$614,144
Down $199,414 (-25%) from 2021
Liabilities
Down$195,601
Down $72,894 (-27%) from 2021
Net Assets
Down$418,543
Down $126,520 (-23%) from 2021
Revenue
Down$2,043,581
Down $28,438 (-1.4%) from 2021
Expenses
Up$2,224,924
Up $142,793 (+6.9%) from 2021
Net Income
Down-$181,343
Down $171,231 (-1693%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $614,144
- Liabilities
- $195,601
- Net assets
- $418,543
- Revenue
- $2,043,581
- Expenses
- $2,224,924
- Net income
- -$181,343
Latest Detailed Filing
The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2018 to May 31, 2019
- Signed
- Apr 14, 2020
- Return Version
- 2018v3.1
- Gross Receipts
- $1,968,770
Mission and Program Overview
Mission
Provide soccer programs for area youth
Education of youth in the rules, skills and tactics of soccer. Develop, operate and regulate youth soccer and govern league play.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $711,980 | $856,902 | ▲ $144,922 |
| Accounts Receivable | - | $8,507 | - |
| Land, Buildings, and Equipment, Net | $11,057 | $7,645 | ▼ $3,412 |
| Prepaid Expenses and Deferred Charges | $533 | $575 | ▲ $42 |
| Total Assets | $723,570 | $873,629 | ▲ $150,059 |
| Liabilities | |||
| Deferred Revenue | $72,305 | $105,965 | ▲ $33,660 |
| Accounts Payable and Accrued Expenses | $18,524 | $23,370 | ▲ $4,846 |
| Total Liabilities | $90,829 | $129,335 | ▲ $38,506 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $632,741 | $744,294 | ▲ $111,553 |
| Total Net Assets Fund Balance | $632,741 | $744,294 | ▲ $111,553 |
| Total Liabilities and Net Assets / Fund Balance | $723,570 | $873,629 | ▲ $150,059 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $4,751 | $30,578 | $35,329 |
| Other Land Buildings | $2,894 | $10,638 | $13,532 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Paul Furlong | Executive Director | FT | $111,389 | $6,683 | $118,072 |
Board Members and Trustees
| Name | Title |
|---|---|
| Clay Sisson | Board Member |
| Kyle Payne | Board Member |
| Nick Lewis | Board Member |
| Ron Morrison | Board Member |
| Steve Shelton | Board Member |
| David Martin | Board Member/presiden |
| Kerry Johnson | Board Member/secretary |
| Britt Balkcom | Board Member/treasurer |
| Eric Stookey | Board Member/vice Presiden |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $22,244
- Program Service Revenue
- $1,857,134
- Investment Income
- $6,065
- Other Revenue
- $56,551
- All Other Contributions
- $22,244
- Change in Net Assets
- $111,553
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,941,994
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $26,776
- Total Revenue per Audited Statements
- $1,968,770
- Total Revenue per Form 990
- $1,941,994
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,403,696 |
| Salaries, Compensation, and Employee Benefits | $425,195 |
| Grants and Similar Amounts Paid | $1,550 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $220,380 | $56,265 | - | $276,645 |
| All Other Expenses | $89,047 | $18,146 | - | $107,193 |
| Current Officers, Directors, Trustees, and Key Employees | $78,450 | $19,613 | - | $98,063 |
| Other Expenses | $79,815 | - | - | $79,815 |
| Payroll Taxes | $23,095 | $7,316 | - | $30,411 |
| Pension Plan Contributions | $17,421 | $2,655 | - | $20,076 |
| Occupancy | $8,760 | $8,760 | - | $17,520 |
| Travel | $12,665 | - | - | $12,665 |
| Advertising | - | $11,968 | - | $11,968 |
| Fees for Services Accounting | - | $8,427 | - | $8,427 |
| Office Expenses | $1,849 | $1,848 | - | $3,697 |
| Depreciation Depletion | $1,706 | $1,706 | - | $3,412 |
| Grants to Domestic Individuals | $1,550 | - | - | $1,550 |
| Conferences and Meetings | $757 | $756 | - | $1,513 |
| Fees for Services Other | - | $850 | - | $850 |
| Insurance | $99 | $99 | - | $198 |
| Total Functional Expenses | $1,692,032 | $138,409 | $0 | $1,830,441 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,857,217 |
| Expenses per Audited Statements | $1,830,441 |
| Total Expenses per Form 990 | $1,830,441 |
| Expenses Not Reported on Form 990 | $26,776 |
| Expenses Not Reported on Financial Statements | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $83,327 |
| Fundraising Direct Expenses | $26,776 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Jamboree | $83,327 | $83,327 | $26,776 | $56,551 |
| Total Events | $83,327 | $83,327 | $26,776 | $56,551 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Colleen Balkcom | Wife of Former Officer/board Member | Salary Paid as an Administrative Assistant | No | $16,055 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Audit committee
- No
- Backup withholding compliance
- Yes
- Business relationship with family members
- Yes
- 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
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 7B
“General officer elections”
Form 990, Part VI, Section B, Line 11B
“The completed form is sent to the board members electronically for them to review prior to a scheduled board meeting. It is then discussed and informally approved during the meeting.”
Form 990, Part VI, Section B, Line 15
“Each june the executive director meets with the executive, recreational & competitive chairman for the annual review. Goals of the previous year are reviewed and decisions on the goals and objectives for the coming year are made. Each chairman takes these findings back to his respective committee for a decision on any pay raises or bonuses for the coming year. The outcome is then communicated to the executive director by the executive committee chairman.”
Form 990, Part VI, Section C, Line 19
“Documents made available to public upon request”
Filing and Contact Details
Filer
- Filer Name
- Collierville Soccer Association
- EIN
- 58-1607776
- Phone
- 9018548724
- Address
- 475 E SOUTH STREET SUITE 112, COLLIERVILLE, TN 38017
Signing Officer
- Name
- Paul Furlong
- Title
- Executive Director
- Phone
- 9018548724
- Signed
- 2020-04-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Paul Furlong
- Formed
- 1981
- Legal Domicile
- Tn
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 8
- Volunteers
- 350
Preparer
- Firm
- Cannon Wright Blount Pllc
- Address
- 756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120
- Preparer
- Stephanie L Livingston CPA
- Phone
- 9016857500
Supplemental Narrative