Overview
What is Iowa Soccer Development Foundation Inc?
The Iowa Soccer Development Foundation Inc is a nonprofit organization with a mission to revitalize a neglected area in Des Moines, Iowa, by constructing a multi-use soccer stadium and plaza on a Superfund site. Their objective is to energize the local economy, foster community unity, and provide opportunities for underprivileged youth to engage in the global sport of soccer. Upon completion, the Iowa Soccer Development Foundation will own the professional Iowa Stadium and Global Plaza. The foundation aims to eliminate existing blight, create jobs, combat community deterioration, lessen government burdens, educate youth through sports competition, and foster national and international amateur sports competition. This project will also cater to hosting community events like public festivals and markets.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Iowa Soccer Development Foundation Inc has earned a solid Three-Star rating, reflecting its commitment to accountability and financial health. With an overall score of 79%, the organization demonstrates strong governance practices, including a fully independent board and no reported material diversion of assets. Their financial ratios indicate effective use of resources, with a program expense ratio of over 85%, suggesting that the majority of their expenditures are directed towards their mission.
The foundation also exhibits robust policies in place, including conflict of interest and whistleblower protections, reinforcing its accountability to stakeholders. The documented board meeting minutes further enhance transparency within the organization.
While the overall score is positive, some may note that the rating leaves room for improvement, particularly in increasing financial efficiency or expanding program impact. However, the current metrics suggest a responsible and effective organization dedicated to its objectives in soccer development.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Soccer Development Foundation Inc legitimate?
Iowa Soccer Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Soccer Development Foundation 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: $146,500
Other Salaries and Wages: $0
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What is the mission statement of Iowa Soccer Development Foundation Inc?
The Iowa Soccer Development Foundation's mission is to establish a multi-purpose soccer stadium and plaza, serving as a catalyst for economic growth and community unity. The foundation aims to provide underprivileged and at-risk youth with an opportunity to engage in the global sport of soccer. Upon completion, the organization, namely the Iowa Soccer Development Foundation (ISDF), will own the Pro Iowa Stadium and Global Plaza. The stadium will host local sports events, serving as a learning ground for youth and supporting the growth of amateur athletics for national and international competitions. Additionally, the venue may be utilized for community events such as festivals, performances, and markets. By constructing this facility, the foundation aims to combat community deterioration, create job opportunities, and attract additional economic activity.
Who is the CEO of Iowa Soccer Development Foundation Inc?
Kyle Krause is the President of Iowa Soccer Development Foundation Inc.
What is the revenue of Iowa Soccer Development Foundation Inc?
Iowa Soccer Development Foundation Inc's revenue in 2022 was $1,637,925.
Who are the executives of Iowa Soccer Development Foundation Inc and what are their salaries?
There 4 volunteers at Iowa Soccer Development Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iowa Soccer Development Foundation Inc?
Iowa Soccer Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iowa Soccer Development Foundation Inc
The Iowa Soccer Development Foundation, in its mission, aims to construct a multi-purpose soccer stadium and plaza. This initiative is designed to revitalize the economy, foster a sense of unity among people, and offer opportunities for underprivileged and at-risk youth to engage with the global sport of soccer. The foundation will own the Pro Iowa Stadium and Global Plaza once completed. The stadium will serve as a local sports venue, capable of hosting sporting events for the Des Moines community. This venue will not only be utilized for soccer-specific events but also for community events such as public festivals, performances, and markets.
By constructing this venue, the Iowa Soccer Development Foundation seeks to address several objectives. Firstly, it aims to eliminate existing blight in the community. Secondly, the foundation intends to create job opportunities for unemployed and underemployed individuals in Des Moines. Thirdly, it strives to combat community deterioration by attracting additional economic activity to the area. Fourthly, it aims to lessen the burdens of government by sharing the responsibility of hosting events. Fifthly, the foundation is committed to educating youth through sports competition. Lastly, it aspires to foster national and international amateur sports competition.
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Impact
July, 2024
The impact of the Iowa Soccer Development Foundation Inc is centered around revitalizing the community in Des Moines by constructing a multi-use soccer stadium and plaza on a U.S. EPA Superfund site. By repurposing this neglected area, the foundation aims to attract businesses, create job opportunities, and reduce crime in the surrounding area. Additionally, the foundation's mission includes providing a local soccer-specific sporting venue for the Des Moines community, educating youth through sports, supporting the development of amateur athletics, and fostering national and international sports competition. Overall, the foundation's efforts seek to eliminate blight, create employment opportunities, attract economic activity, educate youth, and enhance community quality of life through sports and events.
This information is meant to be a general summary of Iowa Soccer Development Foundation 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.
- Gross Receipts: $1,637,925
Assets and Liabilities:
- Total Assets: $3,534,951
- Total Liabilities: $117,267
- Net Assets: $3,417,684
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Organization Details
Founding Year
2020
Phone
(515) 457-6130Principal Officer
Kyle Krause
Main Address
1459 GRAND AVE, DES MOINES, IA, 503093005
NTEE Category
Code: S30 - Community improvement
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