Rlc Management Sports Programs Inc

“The organizations current Executive Officer (President), Laurie Thomas, and Vice President, Roger Thomas, have a family relationship. They each are paid coaching fees in an amount comparable to the other coaching staff. Laurie Thomas was paid $20,750 in coaching and program director fees during 2024. Roger Thomas was paid $31,600 in coaching and director fees during 2024. Additionally, Laurie Thomas was paid $56,665 as the marketing director and Roger Thomas was paid $49,582 as the executive director.”

“In 2024, the organization ended its business relationship with RLC Management LLC, which performed duties customarily performed by or under the direct supervision of officers, directors, trustees, or key employees. Such duties included hiring, firing, and supervising personnel; planning and executing budgets and financial operations; supervising exempt operations and unrelated trades or businesses of the organization. Prior to its contract ending in 2024, the management company received $28,332 as payment for services rendered. These duties are now performed directly by officers, directors and employees.”

“Since the last Form 990 was filed, the organization hired legal counsel to update its governing documents to ensure compliance with the City of Coral Springs policies.”

“Article VI, Section 6.01 of the organizations bylaws provide that during each Annual Meeting of Members, the current Board of Directors shall elect directors to hold office until the expiration of the term for which he or she was elected, and until his or her successor has been duly elected and qualified, or until resignation or removal.”

“The organizations Form 990 is prepared by a CPA and a draft of the 990 is provided to the organizations Board of Directors for review and approval prior to filing.”

“The organization has a policy that requires all directors and key personnel to review, complete and file on an annual basis a code of conduct and ethical standards, which includes conflict of interest provisions. Any potential conflicts are reviewed by the non-disqualified members of the executive committee of the board and acted upon as deemed appropriate under the circumstances. Compliance is monitored by the Executive Director.”

“The executive director compensation is set by the board of directors based on available market data and other factors after contemporaneous substantiation of the decision.”

“The compensation of the organizations officers and key employees is set by management and is based on available market data and other factors after contemporaneous substantiation of the decision.”

“The organization complies with IRC Section 6104 and makes its Form 990 available for public inspection upon request.”

“Part VIII, Miscellaneous Revenue, Line 11a: For the convenience of its members, players and coaching staff, the organization entered into a concession stand arrangement with an unrelated for-profit company. The organization receives a portion of the net proceeds of the concession activity.”

“See separate schedules herein for list of other expenses that total more than 10% of functional expenses: Part IX, Line 24e, Column B 111,840 Part IX, Line 24e, Column C 8,213”

“The organization is the City of Coral Springs only officially recognized youth travel soccer club.”