Civic Intelligence

Sereno Soccer Club Inc

990 • Fiscal year 2016 • EIN 86-0356430

Apr 01, 2015 to Mar 31, 2016 • Filed on Nov 07, 2016

20634 N 28th StreetPhoenix, AZ 85050

(602) 996-5754

Siviq Scores

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

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

31st percentile

-4.0%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$83,267

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

9.8%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$135,859

Down $81,546 (-38%) from 2015

Net Assets

Down

$122,817

Down $86,416 (-41%) from 2015

Liabilities

Up

$13,042

Up $4,870 (+60%) from 2015

Revenue

Up

$2,169,443

Up $194,343 (+9.8%) from 2015

Expenses

Up

$2,255,859

Up $235,807 (+12%) from 2015

Net Income

Down

-$86,416

Down $41,464 (-92%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $149,705Liabilities 2011: $0Net Assets 2011: $149,7052011Assets 2012: $205,966Liabilities 2012: $7,755Net Assets 2012: $198,2112012Assets 2013: $151,168Liabilities 2013: $9,951Net Assets 2013: $141,2172013Assets 2014: $264,948Liabilities 2014: $10,763Net Assets 2014: $254,1852014Assets 2015: $217,405Liabilities 2015: $8,172Net Assets 2015: $209,2332015Assets 2016: $135,859Liabilities 2016: $13,042Net Assets 2016: $122,8172016Assets 2017: $153,607Liabilities 2017: -$3,157Net Assets 2017: $156,7642017Assets 2018: $201,874Liabilities 2018: $11,906Net Assets 2018: $189,9682018

Highlighted filing

2016

Assets$135,859
Liabilities$13,042
Net Assets$122,817

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,295,1882011Expenses 2012: $1,655,5082012Revenue 2013: $1,730,909Expenses 2013: $1,787,903Net Income 2013: -$56,9942013Revenue 2014: $1,792,916Expenses 2014: $1,679,948Net Income 2014: $112,9682014Revenue 2015: $1,975,100Expenses 2015: $2,020,052Net Income 2015: -$44,9522015Revenue 2016: $2,169,443Expenses 2016: $2,255,859Net Income 2016: -$86,4162016Revenue 2017: $2,078,085Expenses 2017: $2,048,224Net Income 2017: $29,8612017Revenue 2018: $2,218,869Expenses 2018: $2,194,203Net Income 2018: $24,6662018

Highlighted filing

2016

Revenue$2,169,443
Expenses$2,255,859
Net Income-$86,416
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Nov 7, 2016
Return Version
2015v2.0
Gross Receipts
$2,169,443
Mission and Program Overview

Mission

Provide opportunities to learn and play recreational soccer to area youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$217,105$135,559▼ $81,546
Rtn Earn Endowment Incm Other Fnds$209,233$122,817▼ $86,416
Prepaid Expenses and Deferred Charges$300$300→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$217,405$135,859▼ $81,546
Other Assets Total-$0-
Liabilities
Other Liabilities$8,172$13,042▲ $4,870
Total Liabilities$8,172$13,042▲ $4,870
Net Assets / Fund Balance
Total Net Assets Fund Balance$209,233$122,817▼ $86,416
Total Liabilities and Net Assets / Fund Balance$217,405$135,859▼ $81,546

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$19,836$19,836
Other Land Buildings-$1,102$1,102
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe OwenDirector of CoachingFT$83,267$83,267

Board Members and Trustees

NameTitle
Ken DavisPresident
Adalberto PeregrinoDirector
Aidan HendersonDirector
Chris TreadwayDirector
Jim RolandDirector
Katie CobbDirector
Trent WilfingerDirector @Large
Elyse BertmanDirector Bsn Develop
Jonathan CouryDirector Discipline
Will MobleyVP Admin
John YoungVP Finance
Elizabeth LunaVP Legal Affair
Steve McmasterVP of Operation
Revenue and Support

Revenue Composition

Contributions and Grants
$650,531
Program Service Revenue
$1,015,549
Investment Income
$23,319
Other Revenue
$480,044
All Other Contributions
$126,168
Change in Net Assets
$-86,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,202,684
Other Expenses$1,053,175
Total Fundraising Expense$105,616
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$783,956$142,094$56,342$982,392
All Other Expenses$370,672$86,256$49,274$506,202
Other Employee Benefits-$90,276-$90,276
Other Expenses$85,737$104,599-$85,737
Current Officers, Directors, Trustees, and Key Employees$83,267--$83,267
Payroll Taxes-$46,749-$46,749
Occupancy-$33,775-$33,775
Fees for Services Accounting-$3,200-$3,200
Advertising-$2,211-$2,211
Insurance-$823-$823
Travel-$57-$57
Total Functional Expenses$1,640,203$510,040$105,616$2,255,859
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$434,116
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
March Showcase$203,826$203,826-$203,826
Other Clinics$127,619$127,619-$127,619
Total Events$434,116$434,116-$434,116
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$13,042
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by Organization President, Treasurer and outside CPA.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

When requested.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

When requested.

Filing and Contact Details

Filer

Filer Name
Sereno Soccer Club Inc
EIN
86-0356430
Phone
6029965754
Address
20634 N 28TH STREET, PHOENIX, AZ 85050

Signing Officer

Name
John Young
Title
VP Finance
Signed
2016-11-07
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Az
Voting Board Members
7
Independent Board Members
7
Employees
50
Volunteers
50

Preparer

Firm
Charles W Mcgrath CPA
Address
11000 N SCOTTSDALE RD STE 220, SCOTTSDALE, AZ 85254
Preparer
Charles W McGrath Jr
Phone
4809511040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

ADMIN MEETINGS: Column (A) - Total = $604; Column (B) - Program Services = $0; Column (C) - Management & General = $604; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BANK CHARGE: Column (A) - Total = $8986; Column (B) - Program Services = $0; Column (C) - Management & General = $8986; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

COACHING: Column (A) - Total = $28940; Column (B) - Program Services = $28940; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CREDIT CARD FEES: Column (A) - Total = $40979; Column (B) - Program Services = $40979; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

EQUIPMENT: Column (A) - Total = $5286; Column (B) - Program Services = $5286; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FOOD & BEV: Column (A) - Total = $18483; Column (B) - Program Services = $18483; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FUNDRAISING: Column (A) - Total = $48651; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $48651

Form 990, Part IX, Line 24E: Other Expenses

GENERAL BUSINESS: Column (A) - Total = $14827; Column (B) - Program Services = $0; Column (C) - Management & General = $14827; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

GOLFCART RENTAL: Column (A) - Total = $4023; Column (B) - Program Services = $4023; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

GOTSOCCER FEES: Column (A) - Total = $10410; Column (B) - Program Services = $10410; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

LEAGUE FEES COMP: Column (A) - Total = $50226; Column (B) - Program Services = $50226; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

LICENSES & PERMITS: Column (A) - Total = $60; Column (B) - Program Services = $0; Column (C) - Management & General = $60; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MARKETING MEETING: Column (A) - Total = $41; Column (B) - Program Services = $41; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MARKETING: Column (A) - Total = $3915; Column (B) - Program Services = $3915; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OFFICE EQUIP: Column (A) - Total = $4174; Column (B) - Program Services = $0; Column (C) - Management & General = $4174; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OFFICE STORAGE: Column (A) - Total = $439; Column (B) - Program Services = $439; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OFFICE SUPPLIES: Column (A) - Total = $3714; Column (B) - Program Services = $0; Column (C) - Management & General = $3714; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OTHER OFFICE EXPENSES: Column (A) - Total = $1414; Column (B) - Program Services = $0; Column (C) - Management & General = $1414; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OTHER PROGRAM COSTS: Column (A) - Total = $3460; Column (B) - Program Services = $3460; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PAYROLL PROCESSING FEES: Column (A) - Total = $3568; Column (B) - Program Services = $0; Column (C) - Management & General = $3568; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PORTAPOTTY RENTAL: Column (A) - Total = $1714; Column (B) - Program Services = $1714; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $593; Column (B) - Program Services = $0; Column (C) - Management & General = $593; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PROF DEVELOPMENT COACHES: Column (A) - Total = $10930; Column (B) - Program Services = $10930; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

PSYCHOLOGICAL TRAINING: Column (A) - Total = $2348; Column (B) - Program Services = $2348; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

RECRUITMENT & MOVE EXP: Column (A) - Total = $2300; Column (B) - Program Services = $2300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

REFEREE FEES: Column (A) - Total = $81631; Column (B) - Program Services = $81631; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

REFUNDS: Column (A) - Total = $19744; Column (B) - Program Services = $19744; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SECURITY TOURN: Column (A) - Total = $5473; Column (B) - Program Services = $5473; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SERENO FOUNDATION EXP: Column (A) - Total = $623; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $623

Form 990, Part IX, Line 24E: Other Expenses

TEAM DONATION PMT: Column (A) - Total = $23314; Column (B) - Program Services = $23314; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TEAM TRAVEL FEES GEAR: Column (A) - Total = $43360; Column (B) - Program Services = $0; Column (C) - Management & General = $43360; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE: Column (A) - Total = $3351; Column (B) - Program Services = $0; Column (C) - Management & General = $3351; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TOURNAMENT FEES: Column (A) - Total = $9566; Column (B) - Program Services = $9566; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TRAINERS TOURN: Column (A) - Total = $5198; Column (B) - Program Services = $5198; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TROPHIES: Column (A) - Total = $29126; Column (B) - Program Services = $29126; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TRY OUT EXPENSE: Column (A) - Total = $13126; Column (B) - Program Services = $13126; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

WEBSITE: Column (A) - Total = $1605; Column (B) - Program Services = $0; Column (C) - Management & General = $1605; Column (D) - Fundraising = $0

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