Overview
What is Magic City Soccer Club Inc?
Magic City Soccer Club Inc, based in Billings, Montana, is a thriving nonprofit organization committed to fostering the love for soccer in the local community and beyond. Their flagship competitive program caters to children, offering both fall and spring competitive soccer sessions. This program, recognized for its success at both state and regional levels, provides regular coaching from Billings United coaches and opportunities for team travel, enabling aspiring athletes to test their skills against top-tier competitors. With a mission to promote soccer in Billings and Montana, the club offers programming and league play for individuals of all abilities and commitment levels, creating an inclusive and supportive community within Billings United Soccer Club. The organization currently employs 48 individuals.
Official website here: www.billingsunited.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Magic City Soccer Club Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement in its operations and financial transparency. The overall score of 69% reflects strengths in board independence and program expense ratios, but significant weaknesses in accountability and financial reporting practices.
The organization boasts a fully independent board with 100% independent members and a strong program expense ratio of over 85%, demonstrating a commitment to putting funds towards its mission. However, there are notable gaps in essential governance policies, including the absence of a conflict of interest policy, a whistleblower policy, and documentation on financial statements, which severely impacted its accountability score.
Despite these limitations, the lack of material diversion of assets is a positive indicator of financial health. However, the organization needs to address the missing financial documentation and governance policies to improve its standing and ensure transparency and trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Magic City Soccer Club Inc legitimate?
Magic City Soccer Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magic City Soccer Club Inc 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: $210,723
For more financial information, click here
Official website here: www.billingsunited.net
What is the mission statement of Magic City Soccer Club Inc?
The Magic City Soccer Club Inc, in its mission, aims to foster the sport of soccer by offering programming and league play for individuals of various abilities and commitment levels. The club's primary focus is its competitive program, which provides fall and spring competitive soccer opportunities for children. This program, which is the club's largest and most successful, receives regular coaching from club coaches and offers a challenging and enjoyable experience for its members, as they compete against top-tier opponents both within and outside Montana. The club's inclusive and supportive community is a significant part of this experience.
Official website here: www.billingsunited.net
Who is the CEO of Magic City Soccer Club Inc?
Nate Tracy is the Member At Large of Magic City Soccer Club Inc.
Official website here: www.billingsunited.net
What is the revenue of Magic City Soccer Club Inc?
Magic City Soccer Club Inc's revenue in 2022 was $610,300.
Official website here: www.billingsunited.net
Who are the executives of Magic City Soccer Club Inc and what are their salaries?
The average compensation at Magic City Soccer Club Inc during 2022 was $4,390. There are 48 employees and 87 volunteers at Magic City Soccer Club Inc.
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Official website here: www.billingsunited.net
Where can I find the form 990 for Magic City Soccer Club Inc?
Magic City Soccer Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.billingsunited.net
Learn more at the official website: www.billingsunited.net
Mission Statement of Magic City Soccer Club Inc
Magic City Soccer Club Inc, as stated in its mission, is dedicated to fostering the sport of soccer in Billings and Montana. This is achieved by offering programming and league play for individuals of all abilities and levels of commitment. The organization's flagship program, the competitive one, caters to children, providing both fall and spring competitive soccer. This program has seen significant success at both the state and regional levels. The teams under this program receive regular coaching from Billings United coaches and participate in competitions beyond Montana, challenging the aspiring athletes while offering them a fun and inclusive experience within the supportive Billings United community.
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Impact
July, 2024
Magic City Soccer Club Inc, known as Billings United Soccer Club, has a significant impact on the community of Billings and the state of Montana. It promotes the sport of soccer by providing programming and league play for individuals of all abilities and levels of commitment.
The competitive program offered by the club is its flagship initiative, providing both fall and spring competitive soccer for children. This program has been highly successful, receiving recognition at the state and regional levels. Players in this program benefit from regular coaching from experienced Billings United coaches and have the opportunity to travel throughout Montana and beyond to compete against top teams.
Through its inclusive and supportive community, Magic City Soccer Club Inc not only nurtures aspiring athletes but also provides them with a fun and challenging experience. By promoting the values of teamwork, sportsmanship, and skill development, the club plays a vital role in shaping the youth soccer scene in Billings and Montana.
This information is meant to be a general summary of Magic City Soccer Club Inc. 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 2022.
- Investment Income: $409
- Program Service Revenue: $608,982
- Gross Receipts: $610,300
Assets and Liabilities:
- Total Assets: $296,062
- Total Liabilities: $4,445
- Net Assets: $291,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMPETITIVE LEAGUE
Revenue
$337,609
MAGIC CITY CLASSIC TOU
Revenue
$127,357
OTHER PROGRAMS
Revenue
$105,473
TIMBERS YOUTH LEAGUE
Revenue
$38,543
Organization Details
Founding Year
1978
Phone
(406) 294-9480Principal Officer
Nate Tracy
Main Address
2222 BROADWATER AVE STE 101, BILLINGS, MT, 59102
Website
www.billingsunited.netNTEE Category
Code: N64 - Recreation
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