LouCity & Racing Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
LouCity & Racing Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
In partnership with schools and youth organizations, the LouCity & Racing Foundation uses soccer to give young people a safe space to dream, grow, and succeed.
Year, State Incorporated:
2020, KY
Also Known As:
Louisville Soccer Foundation, Inc.
Launched in 2020, the LouCity and Racing Foundation is the 501©(3) charitable arm of Louisville City and Racing Louisville Football Clubs. The Foundation makes soccer more accessible for all kids in its community. Together with its supporters and partners, it has engaged thousands of kids through its initiatives, including: The 10- week On & Off the PITCH programs and one-day clinics that teach soccer fundamentals, life skills, and healthy habits; mini-pitch installations that ensure that youth have safe spaces to play in their communities; and equipment donation campaigns and scholarship funds that reduce financial barriers to continued play.
For the year ended December 31, 2024, LouCity & Racing Foundation's program expenses were:
| Program services | $498,528 |
| Total Program Expenses | $498,528 |
Chief Executive
George Davis, Executive Director
Chair of the Board
Steve Poe
Chair's Profession / Business Affiliation
CEO, Poe Companies
Board Size
17
Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Membership appeals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on LouCity & Racing Foundation's IRS Form 990 for the year ended December 31, 2024.
Source of Funds
| Fundraising events | $257,708 |
| Noncash contributions | $209,725 |
| All other contributions, gifts, grants | $198,695 |
| Government grants | $3,490 |
| Other fundraising events, net | $-73,317 |
| Total Income | $596,301 |
Programs: 71% Fundraising: 16% Administrative: 13%
| Total Income | $596,301 |
| Total expenses: | $704,943 |
| Program expenses | $498,528 |
| Fundraising expenses | $111,609 |
| Administrative expenses | $94,806 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-108,642 |
| Beginning Net Assets | $253,115 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $144,473 |
| Total Liabilities | $119,990 |
| Total Assets | $264,463 |
Total assets as reported above include $7,674 in property and equipment, net.
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana