Overview
What is Texas Soccer Foundation?
The Texas Soccer Foundation, located at 6124 HIGHVIEW DR, Plano, TX 75024, is a nonprofit organization with a primary mission to support female youth athletes participating in soccer. Due to the sale of its major asset, the foundation experienced limited funding for interest expenses related to its fields. Following the sale, the foundation successfully repaid its debts, leaving it with substantial cash reserves. Despite a negative income due to the recapture of prior year lease payments, which were reclassified during a legal dispute, the Texas Soccer Foundation continues to provide essential support to young soccer players in Texas.
Is Texas Soccer Foundation legitimate?
Texas Soccer Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Soccer Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Texas Soccer Foundation?
The Texas Soccer Foundation's mission is centered around supporting female youth athletes involved in soccer. The organization strives to provide necessary resources and aid to these young athletes, contributing to their athletic development and well-being. Due to the sale of its primary asset, the foundation's ability to cover interest expenses related to the fields was temporarily restricted. However, upon payment of the note, the foundation found itself in a position of financial stability, possessing cash reserves. Regrettably, the income suffered a setback due to the court-ordered recapture of prior year lease payments, which had initially been classified as non-revenue sources during the litigation period.
Who is the CEO of Texas Soccer Foundation?
William J Kinder is the President of Texas Soccer Foundation.
What is the revenue of Texas Soccer Foundation?
Texas Soccer Foundation's revenue in 2023 was -$199,234.
Who are the executives of Texas Soccer Foundation and what are their salaries?
There 3 volunteers at Texas Soccer Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Texas Soccer Foundation?
Texas Soccer Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Texas Soccer Foundation
The Texas Soccer Foundation, in its mission, aims to support female youth athletes involved in soccer. This organization has a specific focus on providing necessary assistance to these young athletes, contributing to their athletic development and growth. Despite facing financial challenges due to the sale of its primary asset, which led to limitations in the interest expense supporting the fields, the foundation managed to pay off the note, leaving it with substantial cash reserves. Although the income was negatively affected due to the recapture of prior year lease payments, which were re-characterized as non-revenue during the time the sale was being litigated, the Texas Soccer Foundation continues to dedicate its resources to supporting the female soccer athletes it serves.
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Impact
October, 2024
The Texas Soccer Foundation plays a significant role in enhancing opportunities for female youth athletes involved in soccer. Through its efforts, the foundation champions the growth and development of female athleticism, providing essential support that helps these young athletes thrive in their sporting pursuits.
By addressing financial challenges that arose from previous asset management, the foundation has successfully repositioned its resources to better serve its mission. The recent sale of its primary asset and subsequent payment of related expenses have allowed it to focus on facilitating programs and initiatives aimed at empowering young female athletes in the Plano, Texas area.
The foundation’s commitment translates into creating an inclusive environment where young women can develop their skills, build confidence, and pursue their passion for soccer. Overall, the Texas Soccer Foundation significantly impacts the community by fostering a culture of participation and excellence among female youth athletes.
This information is meant to be a general summary of Texas Soccer Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $170,224
- Gross Receipts: $943,081
Assets and Liabilities:
- Total Assets: $818,065
- Total Liabilities: $0
- Net Assets: $818,065
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Organization Details
Founding Year
1986
Phone
(214) 354-6592Principal Officer
William J Kinder
Main Address
6124 HIGHVIEW DR, PLANO, TX, 75024
NTEE Category
Code: N64 - Recreation
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