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Las Vegas Soccer Association

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262733601 ✦ Las vegas, NV ✦ Designated as a 501(c)(3)

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Overview

What is Las Vegas Soccer Association?

Las Vegas Soccer Association is a nonprofit organization dedicated to nurturing well-rounded, successful student athletes. Established in Las Vegas, Nevada, the association operates with a focus on creating a healthful and supportive soccer environment. They emphasize the importance of skill, sportsmanship, and character, striving to promote and foster excellence in club soccer. With a team of 57 employees, they work tirelessly to achieve their mission.


Official website here: www.lv-sa.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 58% (One-Star out of Four Stars)

The Las Vegas Soccer Association has received a One-Star rating from Charity Navigator, indicating significant concerns regarding accountability and financial management. While the organization boasts a fully independent board and has policies in place for whistleblowing and documenting board meeting minutes, it struggles with transparency. Notably, it lacks a conflict of interest policy and has not posted required tax documents on its website, which are critical for public trust.

Financially, the organization shows a concerning liability to assets ratio, suggesting potential instability. However, it performs well in terms of program expenses, allocating all evaluated funds towards its mission. The compensation of key personnel raises questions, particularly with high salaries for the president and treasurer, which could impact the nonprofit's overall financial health and its ability to direct resources towards programming.

In summary, while the Las Vegas Soccer Association demonstrates some strengths in governance, its low rating reflects serious issues with financial transparency and accountability that potential donors should consider before contributing.


This AI summary has been generated from information found on Charity Navigator.

Is Las Vegas Soccer Association legitimate?

Las Vegas Soccer Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Vegas Soccer Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $155,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $726,523

For more financial information, click here


Official website here: www.lv-sa.com

What is the mission statement of Las Vegas Soccer Association?

The Las Vegas Soccer Association's mission is centered around nurturing well-rounded, successful student athletes. This is achieved in a conducive and positive soccer environment. The association strives to promote and foster excellence in club soccer, upholding the values of skill, sportsmanship, and character at all times. By doing so, they aim to develop well-balanced individuals, not just skilled soccer players.


Official website here: www.lv-sa.com

Who is the CEO of Las Vegas Soccer Association?

James Rasmussen is the President of Las Vegas Soccer Association.


Official website here: www.lv-sa.com

What is the revenue of Las Vegas Soccer Association?

Las Vegas Soccer Association's revenue in 2022 was $2,402,642.


Official website here: www.lv-sa.com

Who are the executives of Las Vegas Soccer Association and what are their salaries?

The average compensation at Las Vegas Soccer Association during 2022 was $15,479. There are 57 employees and 350 volunteers at Las Vegas Soccer Association.


Here are 5 key members and their salaries:


James Rasmussen (President)
  • Compensation: $72,000
  • Related: $0
  • Other: $0
Patricia Rasmussen (Treasurer)
  • Compensation: $72,000
  • Related: $0
  • Other: $0
Lana C Rasmussen (Secretary)
  • Compensation: $7,200
  • Related: $0
  • Other: $0
Maureen Hester (Director)
  • Compensation: $4,553
  • Related: $0
  • Other: $0
Richard Romano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lv-sa.com

Where can I find the form 990 for Las Vegas Soccer Association?

Las Vegas Soccer Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lv-sa.com

Learn more at the official website: www.lv-sa.com

Mission Statement of Las Vegas Soccer Association

Las Vegas Soccer Association, a nonprofit organization, strives to cultivate well-rounded and successful student athletes in a conducive, positive soccer environment. Its primary objective is to encourage the development of soccer skills, sportsmanship, and character among its members, upholding these values consistently. By promoting excellence in club soccer, Las Vegas Soccer Association aims to instill a sense of achievement and growth within its athletes, fostering an environment that nurtures their overall development.

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Impact




October, 2024

Las Vegas Soccer Association significantly impacts the local community by fostering the development of well-rounded student athletes in a supportive environment. By prioritizing skill, sportsmanship, and character, the association cultivates a culture that encourages personal growth both on and off the field.

Through structured soccer programs, it not only enhances athletic ability but also teaches important life skills such as teamwork, discipline, and resilience. The emphasis on a healthy, positive soccer environment contributes to the physical and mental well-being of participants, promoting an active lifestyle among youth in Las Vegas.

Additionally, the association serves as a vital hub for community engagement, bringing families together and strengthening social ties through shared experiences in youth sports. Ultimately, the Las Vegas Soccer Association plays a crucial role in shaping aspiring athletes into responsible citizens while elevating the standards of club soccer in the region.




This information is meant to be a general summary of Las Vegas Soccer Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,402,642 (2022)
Expenses
$2,171,090 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,350
  • Program Service Revenue: $2,360,744
  • Gross Receipts: $2,402,642

Assets and Liabilities:

  • Total Assets: $1,621,682
  • Total Liabilities: $1,148,268
  • Net Assets: $473,414

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Dues and Training Fees

Revenue

$1,471,185

Tournament Fees

Revenue

$889,559

Organization Details

Founding Year

2008

Principal Officer

James Rasmussen

Main Address

7660 W CHEYENNE AVE 101, LAS VEGAS, NV, 89129

NTEE Category

Code: N64 - Recreation

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