Penalty Kicks Stink
SILVER ELITE
Heard all the Surf affiliates will report under the new Surf OC
Heard all the Surf affiliates will report under the new Surf OC
Is that legal with a non profit to individuals with non-paid positions? This interesting stuff.
Thanks for the detailed information.Would require disclosure on the following year tax form if they are executives, board members or have any say on prior or merged club policy/operations. These are publicly available, the trick is to know the actual legal name of the tax-exempt organization if you want to find it. But paid positions in tax-exempt organizations are common (the NFL was one until recently, as are the NCAA bowl games, all with executives making large salaries).
Truth is most tax-exempt youth sports clubs have volunteer boards with no ownership and little to no (and sometimes, after donations, negative) cash compensation. The youth clubs that do not have boards and are run by one or more DOC's -- they are often run more as a business to make money. A bit ironic, but mostly true.
Would require disclosure on the following year tax form if they are executives, board members or have any say on prior or merged club policy/operations. These are publicly available, the trick is to know the actual legal name of the tax-exempt organization if you want to find it. But paid positions in tax-exempt organizations are common (the NFL was one until recently, as are the NCAA bowl games, all with executives making large salaries).
Truth is most tax-exempt youth sports clubs have volunteer boards with no ownership and little to no (and sometimes, after donations, negative) cash compensation. The youth clubs that do not have boards and are run by one or more DOC's -- they are often run more as a business to make money. A bit ironic, but mostly true.
Would require disclosure on the following year tax form if they are executives, board members or have any say on prior or merged club policy/operations. These are publicly available, the trick is to know the actual legal name of the tax-exempt organization if you want to find it. But paid positions in tax-exempt organizations are common (the NFL was one until recently, as are the NCAA bowl games, all with executives making large salaries).
Truth is most tax-exempt youth sports clubs have volunteer boards with no ownership and little to no (and sometimes, after donations, negative) cash compensation. The youth clubs that do not have boards and are run by one or more DOC's -- they are often run more as a business to make money. A bit ironic, but mostly true.
Getting a payout from a non-profit sounds fishy...
Another shell game is to hide "investment money" cash or assets, when you look at the books of some of the organizations... have $1m+ each year surplus that they invest is some asset so they don't appear to be making a profit. But guess what the people making those investments are making money on those, that's why you see investment bankers, lawyers, and financial people heavily involved on the boards when they don't even have kids sometimes. Presidents of some of the clubs are investment bankers, why do you think that is?
The other big money makers are tournaments, some directors are pulling is 6 figures " running" them, so how do you get to be a tournament director? Work for a club that has one and you can get some extra "side work". The tournament is it's own non profit or profit organization that you don't see in the normal club financials. There are other ways that these non-profit are disguising what's really going on but that's another topic.
Take a look at a 990 form or, better yet, be responsible for filling one out and signing it -- investment income must be disclosed, and lack of disclosure would be illegal. You can point to a tax-exempt board/club that is engaged in this activity, unless you are just speculating.
Also, a board member earning any form of compensation, even through services, would be covered by the law as well, as that represents a potential conflict of interest and could result in a loss of tax-exempt status. If there is no disclosed income on their forms, essentially what you are claiming is that these people are not just being unethical, but potentially violating the law.
You see investment bankers, lawyers and tax/accounting people on these boards because 1) just like most parents, they care about their kids and want to be involved, and 2) because our tax law and regulations are quite complex, as are the liability issues and other legal pitfalls when working with children and their parents, boards often have to rely on people with legal, accounting, tax and financial backgrounds to make sure they comply with the law and to reduce their risk. Frankly, I would not recommend being on any youth board without at least one person with that background involved, even if you have D&O insurance.
Most of these people have a lot more income and careers to risk than any financial gain they would receive by trying to use a youth soccer program to make a few thousand $. Do a few club admins and others make money at clubs? Yes, and they work pretty damn hard for that money.
Tournaments are another thing entirely, crticize those all you want, but educate yourself before you make accusations like this against such a broad group of people who are mostly making club soccer more accessible and affordable for everyone.
I have taken a look at some 990's that some clubs have sumbitted in previous years because I was interested in how there where spending 3m+ or more in revenue for example and what I found surprised me. 800k-1M+ in cash, investments as a assest each year. Who's managing those investment? Just happens to be a firm or individuals tired directly or indirectly to the club like the president for example. No speculation or need to, it's all there simple. If you don't think there are conflicts in interests maybe your just too naive to realize what really going on with all the mergers, afflicates, and shell games.
People are inriching themselves through youth sports, a $4+ billion dollar industry just like the nbcsports expose by Bryant Gumbel pointed out.
Club soccer is not affordable for a large segment of the population so what are you talking about? How is it more affordable and why? I have yet to hear or talk to anyone that claims club soccer is more affordable because of a tournament. More money, time, travel, hotel stays cost families more$ to play in these tournament.
I have taken a look at some 990's that some clubs have sumbitted in previous years because I was interested in how there where spending 3m+ or more in revenue for example and what I found surprised me. 800k-1M+ in cash, investments as a assest each year. Who's managing those investment? Just happens to be a firm or individuals tired directly or indirectly to the club like the president for example. No speculation or need to, it's all there simple. If you don't think there are conflicts in interests maybe your just too naive to realize what really going on with all the mergers, afflicates, and shell games.
People are inriching themselves through youth sports, a $4+ billion dollar industry just like the nbcsports expose by Bryant Gumbel pointed out.
Club soccer is not affordable for a large segment of the population so what are you talking about? How is it more affordable and why? I have yet to hear or talk to anyone that claims club soccer is more affordable because of a tournament. More money, time, travel, hotel stays cost families more$ to play in these tournament.
The article was really good. The only thing that really doesn't make sense is the increased cost from switching an employee from contractor to W2 employee. The increased cost should only be about 8% of salary for the payment of employer portion taxes and a couple days of sick pay. Either he is looking at the line items wrong (i.e. taxes paid to government include taxes deducted from employee salary) or they didn't take the option of exempting the employee from having to provide them medical insurance and the like. 50% to 60% increase makes no sense whatsoever.This is an interesting article on the costs of running a club and how the potential for government regulations to increase those costs (i.e.- W2 employees va independent contractor status)
https://www.socceramerica.com/publi...ay-the-complexity-of-high-cost-youth-soc.html
The article was really good. The only thing that really doesn't make sense is the increased cost from switching an employee from contractor to W2 employee. The increased cost should only be about 8% of salary for the payment of employer portion taxes and a couple days of sick pay. Either he is looking at the line items wrong (i.e. taxes paid to government include taxes deducted from employee salary) or they didn't take the option of exempting the employee from having to provide them medical insurance and the like. 50% to 60% increase makes no sense whatsoever.
The article was really good. The only thing that really doesn't make sense is the increased cost from switching an employee from contractor to W2 employee. The increased cost should only be about 8% of salary for the payment of employer portion taxes and a couple days of sick pay. Either he is looking at the line items wrong (i.e. taxes paid to government include taxes deducted from employee salary) or they didn't take the option of exempting the employee from having to provide them medical insurance and the like. 50% to 60% increase makes no sense whatsoever.
WC will probably be pretty smart about it.
Anyone remember the FC blades attempt to get into Slammers. They ended up not getting in but paying bigly for name and branded at Irv Slammers. Passed the cost to parents.
They did it right with Galaxy. Lesson learned by the folks running the club.
Galaxy? Right in which way? Galaxy has done the same thing taking over clubs with high enrollment just to get a presence out. Better than the day were they would slap a logo on big tournament winners. OC Galaxy is almost an afterthought. They basically went around plucking Flight 2 kids and promising parents Flight 1 spots - so many played out of their level or didnt even make Flight 1. Many of the teams they have barely can field a team. During their tournament in OC some teams had no subs or playing 1 man down. Some of the teams were getting beat by not very good Matrix teams - believe even 1 got beat by a bad plus team. Seen them have to guest play kids from higher flight to lower flight so the team doesnt get hammered. The lower flight team won but then the higher flight team gets beat badly because they guessed some decent players. Top Galaxy teams in other areas are competitive, but the lower flights tend to be there for marketing. Not the right way to do things in my opinon. Some parents only see "LA Galaxy" and proudly post to other parents "My child plays for LA Galaxy". Club takers are a fast way to get numbers, but really the right way? usually not
You are right, it isn't the same, it is better. If the goal is to be better as a nation at soccer, we need more kids playing soccer. The more kids that play soccer and develop a passion for a game the bigger the pool of talent.Let’s be honest there’s a huge chunk of kids all over the map that don’t really belong in club soccer. It isn’t like it used to be 20-25 years ago.
You are right, it isn't the same, it is better. If the goal is to be better as a nation at soccer, we need more kids playing soccer. The more kids that play soccer and develop a passion for a game the bigger the pool of talent.
The people who lament the current state of soccer versus times past are a curious bunch. Does somehow a kid that isn't great being on "club" soccer somehow diminish what you did 20-25 years ago? The "lets move everybody that isn't great to rec" angle is stupid. The kids are having fun. They are making friends. They are getting exercise and they are staying out of trouble. These are wins. More kids in competitive soccer, not less.