Civic Intelligence

Westside Breakers Soccer Club

990 • Fiscal year 2022 • EIN 95-4715516

Jun 01, 2021 to May 31, 2022 • Filed on Sep 27, 2023

10474 Santa Monica Blvd Apt 301Los Angeles, CA 90025

(310) 871-2814

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.84x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.78x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

31st percentile

-1.6%

Higher net margin than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

88th percentile

$175,155

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

99th percentile

485%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

27%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$4,225,962

Flat from 2022

Net Assets

Flat

$670,844

Flat from 2022

Liabilities

Flat

$3,555,118

Flat from 2022

Revenue

Flat

$1,996,967

Flat from 2022

Expenses

Flat

$2,028,842

Flat from 2022

Net Income

Flat

-$31,875

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $186,006Liabilities 2011: $0Net Assets 2011: $186,0062011Assets 2012: $224,677Liabilities 2012: $0Net Assets 2012: $224,6772012Assets 2013: $146,064Liabilities 2013: $0Net Assets 2013: $146,0642013Assets 2014: $139,145Liabilities 2014: $0Net Assets 2014: $139,1452014Assets 2015: $266,225Liabilities 2015: $0Net Assets 2015: $266,2252015Assets 2016: $291,222Liabilities 2016: $0Net Assets 2016: $291,2222016Assets 2017: $161,175Liabilities 2017: $0Net Assets 2017: $161,1752017Assets 2018: $225,361Liabilities 2018: $0Net Assets 2018: $225,3612018Assets 2019: $425,226Liabilities 2019: $169,193Net Assets 2019: $256,0332019Assets 2020: $272,807Liabilities 2020: $251Net Assets 2020: $272,5562020Assets 2021: $722,518Liabilities 2021: $149,900Net Assets 2021: $572,6182021Assets 2022: $4,225,962Liabilities 2022: $3,555,118Net Assets 2022: $670,8442022Assets 2022: $4,225,962Liabilities 2022: $3,555,118Net Assets 2022: $670,8442022Assets 2023: $1,954,133Liabilities 2023: $2,359,920Net Assets 2023: -$405,7872023Assets 2024: $2,117,717Liabilities 2024: $2,735,651Net Assets 2024: -$617,9342024

Highlighted filing

2022

Assets$4,225,962
Liabilities$3,555,118
Net Assets$670,844

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $701,768Expenses 2011: $697,366Net Income 2011: $4,4022011Revenue 2012: $587,084Expenses 2012: $548,413Net Income 2012: $38,6712012Revenue 2013: $503,216Expenses 2013: $581,829Net Income 2013: -$78,6132013Revenue 2014: $495,124Expenses 2014: $502,043Net Income 2014: -$6,9192014Revenue 2015: $688,001Expenses 2015: $560,921Net Income 2015: $127,0802015Revenue 2016: $647,190Expenses 2016: $622,193Net Income 2016: $24,9972016Revenue 2017: $648,677Expenses 2017: $778,724Net Income 2017: -$130,0472017Revenue 2018: $784,631Expenses 2018: $954,005Net Income 2018: -$169,3742018Revenue 2019: $1,881,169Expenses 2019: $1,850,497Net Income 2019: $30,6722019Revenue 2020: $1,713,326Expenses 2020: $1,696,803Net Income 2020: $16,5232020Revenue 2021: $1,576,807Expenses 2021: $1,276,745Net Income 2021: $300,0622021Revenue 2022: $1,996,967Expenses 2022: $2,028,842Net Income 2022: -$31,8752022Revenue 2022: $1,996,967Expenses 2022: $2,028,842Net Income 2022: -$31,8752022Revenue 2023: $2,493,454Expenses 2023: $2,910,294Net Income 2023: -$416,8402023Revenue 2024: $2,843,215Expenses 2024: $3,058,180Net Income 2024: -$214,9652024

Highlighted filing

2022

Revenue$1,996,967
Expenses$2,028,842
Net Income-$31,875
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Sep 27, 2023
Return Version
2021v4.2
Gross Receipts
$1,996,967
Mission and Program Overview

Mission

The organization is a youth soccer club, which acts as an umbrella and administrative organization for youth soccer teams that participate in the California Youth Soccer association.

The organization is a youth soccer club which acts as an umbrella and administrative organization for youth soccer teams that participate in the california youth soccer association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$722,518$2,617,011▲ $1,894,493
Accounts Receivable-$1,608,951-
Total Assets$722,518$4,225,962▲ $3,503,444
Liabilities
Unsecured Notes Loans Payable$149,900$1,999,900▲ $1,850,000
Deferred Revenue-$1,512,125-
Accounts Payable and Accrued Expenses-$43,093-
Total Liabilities$149,900$3,555,118▲ $3,405,218
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$572,618$670,844▲ $98,226
Total Net Assets Fund Balance$572,618$670,844▲ $98,226
Total Liabilities and Net Assets / Fund Balance$722,518$4,225,962▲ $3,503,444

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,028$2,028
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael PageDirector/coach See Schedule OFT$137,000$38,155$175,155
Richard SimmsCoach/director See Schedule OFT$85,840-$85,840

Board Members and Trustees

NameTitle
Steven ShpilskyChairman
Andrew GrossmanDirector
Begona AmayaDirector
Carrie HaberDirector
Elana GimbelDirector
Jennifer LeviDirector
Ken FirtelDirector
Louis KimDirector
Ramez ToubasseyDirector
Steven ChuckSecretary
Paul KromwykTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,795
Program Service Revenue
$1,904,172
Investment Income
$0
Other Revenue
$0
All Other Contributions
$92,795
Change in Net Assets
$-31,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,715,852
Salaries, Compensation, and Employee Benefits$312,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,349,741$21,095-$1,370,836
Current Officers, Directors, Trustees, and Key Employees$108,463$149,782-$258,245
Occupancy$137,487--$137,487
Other Expenses$12,472$65,100-$65,100
Insurance$54,289$6,032-$60,321
Other Salaries and Wages-$40,548-$40,548
Fees for Services Legal-$25,770-$25,770
Fees for Services Accounting-$23,975-$23,975
Payroll Taxes$5,253$8,944-$14,197
Office Expenses-$10,990-$10,990
Travel$8,763--$8,763
Advertising-$138-$138
Total Functional Expenses$1,676,468$352,374$0$2,028,842
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

The form 990 is reviewed by the treasurer, then provided to the board prior to filing.

Form 990, Part VI, Section B, Line 15A

The salary for the organizations top management official, the director/coach, is discussed and approved first by the other officers of the organization, then by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and its form 990 available to the public upon written request.

Form 990, Part VII, Section A, Line 1

Richard simms was compensated as the director of girls coaching through december 31, 2021. In january 2022 mr. Simms became the director of the club. Mike page served as director of the club through december 2021.

Filing and Contact Details

Filer

Filer Name
Los Angeles Breakers Fc
EIN
95-4715516
Phone
3108712814
Address
10474 SANTA MONICA BLVD APT 301, Los Angeles, CA 90025

Signing Officer

Name
Steven Chuck
Title
Secretary
Phone
3108712814
Signed
2023-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Chuck
Formed
1998
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
80

Preparer

Firm
Lewis Sharpstone & Co
Address
5850 CANOGA AVE SUITE 400, WOODLAND HILLS, CA 91367
Preparer
Lewis Sharpstone
Phone
8185701960
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees comprise of fees paid to the approximately 40 team coaches and league leaders and other team expenses.

Form 990, Part XI, Line 9

This relates to the cash to accrual adjustment that was made as of 6/1/21 to reflect the change in method of accounting from cash to accrual. Accounts receivable at 6/1/21 were 1,466,679 and deferred revenue was 1,336,578. Accordingly the adjustment to opening net assets was 130,101.

Form 990, Part XII, Line 1

During the year ended 5/31/22 the organization changed its method of accounting from cash to accrual. The organization desires to better present its financial statements to stakeholders in its form 990. Specifically, the organization has substantial receivables and deferred revenue as of its year end that was not being reflected on its balance sheet under the cash method of accounting. This change was also motivated by the fact that the organization expects in the near future to undergo its first financial statement audit, which will be presented on the accrual basis of accounting.

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IRS990/MissionDesc0THE ORGANIZATION PROVIDES AN OPPORTUNITY FOR LOS ANGELES AREA YOUTH TO LEARN AND PLAY SOCCER. THE ORGANIZATION IS COMMITTED TO HELPING EVERYONE INVOLVED WITH THE CLUB TO DEVELOP AS PEOPLE AND PLAYERS BY TEACHING AND LIVING THE CLUB VALUES - FUN, COLLABORATION, EMBRACING INNOVATION, BEING DEVELOPMENTALLY FOCUSED AND HARNESSING A COMPETITIVE SPIRIT.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL PAGE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR/COACH SEE SCHEDULE O
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE TREASURER, THEN PROVIDED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SALARY FOR THE ORGANIZATIONS TOP MANAGEMENT OFFICIAL, THE DIRECTOR/COACH, IS DISCUSSED AND APPROVED FIRST BY THE OTHER OFFICERS OF THE ORGANIZATION, THEN BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND ITS FORM 990 AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER FEES COMPRISE OF FEES PAID TO THE APPROXIMATELY 40 TEAM COACHES AND LEAGUE LEADERS AND OTHER TEAM EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS RELATES TO THE CASH TO ACCRUAL ADJUSTMENT THAT WAS MADE AS OF 6/1/21 TO REFLECT THE CHANGE IN METHOD OF ACCOUNTING FROM CASH TO ACCRUAL. ACCOUNTS RECEIVABLE AT 6/1/21 WERE 1,466,679 AND DEFERRED REVENUE WAS 1,336,578. ACCORDINGLY THE ADJUSTMENT TO OPENING NET ASSETS WAS 130,101.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING THE YEAR ENDED 5/31/22 THE ORGANIZATION CHANGED ITS METHOD OF ACCOUNTING FROM CASH TO ACCRUAL. THE ORGANIZATION DESIRES TO BETTER PRESENT ITS FINANCIAL STATEMENTS TO STAKEHOLDERS IN ITS FORM 990. SPECIFICALLY, THE ORGANIZATION HAS SUBSTANTIAL RECEIVABLES AND DEFERRED REVENUE AS OF ITS YEAR END THAT WAS NOT BEING REFLECTED ON ITS BALANCE SHEET UNDER THE CASH METHOD OF ACCOUNTING. THIS CHANGE WAS ALSO MOTIVATED BY THE FACT THAT THE ORGANIZATION EXPECTS IN THE NEAR FUTURE TO UNDERGO ITS FIRST FINANCIAL STATEMENT AUDIT, WHICH WILL BE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RICHARD SIMMS WAS COMPENSATED AS THE DIRECTOR OF GIRLS COACHING THROUGH DECEMBER 31, 2021. IN JANUARY 2022 MR. SIMMS BECAME THE DIRECTOR OF THE CLUB. MIKE PAGE SERVED AS DIRECTOR OF THE CLUB THROUGH DECEMBER 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VII, Section A, Line 1
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$2.74$0.62$2.84$3.06$0.21
2023Summary only. Only limited summary data is available for this year.$1.95$2.36$0.41$2.49$2.91$0.42
2022Detailed filing. Detailed filing data is available for this year.$4.23$3.56$0.67$2.00$2.03$0.03
2022Summary only. Only limited summary data is available for this year.$4.23$3.56$0.67$2.00$2.03$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.15$0.57$1.58$1.28$0.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$1.71$1.70$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.17$0.26$1.88$1.85$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.00$0.23$0.78$0.95$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.00$0.16$0.65$0.78$0.13
2016Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.65$0.62$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.69$0.56$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.50$0.50$0.01
2013Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.50$0.58$0.08
2012Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$0.59$0.55$0.04
2011Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.70$0.70$0.00