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:
Through community partnerships with schools and youth
service providers, the organization uses soccer to provide youth a safe place and the
opportunity to dream, thrive, and succeed.
Year, State Incorporated:
2020, KY
Also Known As:
Louisville Soccer Foundation, Inc.
The LouCity & Racing Foundation exists to provide access and exposure to soccer for all kids throughout the region. Dollars raised will allow the Foundation to provide participation in camps, partnership clinics, scholarships to the Academy, equipment, mentorships, tickets to games, and much more.
For the year ended December 31, 2022, LouCity & Racing Foundation's program expenses were:
| Program services | $118,954 |
| Total Program Expenses | $118,954 |
Chief Executive
George Davis, Executive Director
Chair of the Board
Mr. Bernie Fineman
Chair's Profession / Business Affiliation
President, Caldwell Tanks, Inc. & Preload, LLC
Board Size
14
Paid Staff Size
2
Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.)
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, 2022.
Source of Funds
| All other contributions, gifts, grants | $363,953 |
| Fundraising events | $104,310 |
| Noncash contributions | $56,200 |
| Other fundraising events, net | $37,515 |
| Government grants | $18,849 |
| Total Income | $580,827 |
Programs: 33% Fundraising: 34% Administrative: 33%
| Total Income | $580,827 |
| Total expenses: | $365,392 |
| Program expenses | $118,954 |
| Fundraising expenses | $124,232 |
| Administrative expenses | $122,206 |
| Other expenses | $0 |
| Income in Excess of Expenses | $215,435 |
| Beginning Net Assets | $-46,704 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $168,731 |
| Total Liabilities | $126,031 |
| Total Assets | $294,762 |
Ending net assets as reported above are without donor restrictions.
Total assets as reported above include $11,616 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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