Which clubs took PPE?

W

watfly

DA
I tried to identify all the clubs in SoCal that took PPE. I only searched on "soccer" so if they don't have soccer in their name, I didn't pick it up.

$350,000-$1,000,000:
Albion
Legends
Cal South

$150,000-$350,000:
SD Surf
Blues
San Diego Loyal (USL)

Other non-Socal Notables
$350,000-$1,000,000:
De Anza Force (there were a lot of teams in Nor Cal that took PPE)

$150,000-$350,000:
Cal North
Arizona Arsenal
Del Sol
 
watfly said:
I tried to identify all the clubs in SoCal that took PPE. I only searched on "soccer" so if they don't have soccer in their name, I didn't pick it up.

$350,000-$1,000,000:
Albion
Legends
Cal South

$150,000-$350,000:
SD Surf
Blues
San Diego Loyal (USL)

Other non-Socal Notables
$350,000-$1,000,000:
De Anza Force (there were a lot of teams in Nor Cal that took PPE)

$150,000-$350,000:
Cal North
Arizona Arsenal
Del Sol
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Searched football and futbol.

$150,000-$350,000:
LA Premier
Santa Monica United (aka SM Surf)
 
So to summarize all of us taxpayers are paying for coaches, admins, docs to be unemployed or employed twice over but at the same time clubs want to collect fees from parents.

All this under the guise of non-profits,.makes sense now since loans are forgiven but somebody has to pay to keep the gig going. Guess we're all fitting the bill one way or the other, choice or not.
 
lafalafa said:
So to summarize all of us taxpayers are paying for coaches, admins, docs to be unemployed or employed twice over but at the same time clubs want to collect fees from parents.

All this under the guise of non-profits,.makes sense now since loans are forgiven but somebody has to pay to keep the gig going. Guess we're all fitting the bill one way or the other, choice or not.
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Whether these clubs have taken advantage of the PPP program, I can't say. I do find it curious that clubs typically don't provide a whole lot of services during spring although I know this is when clubs like to lockdown their deposits for the fall season.

The PPP program has been subject to abuse by organizations that don't need the money. I know companies that have received windfalls from PPP. Unfortunately, it was rolled out too quickly and like many government programs lacks accountability. I'm not holding my breath but the program needs to go back and compare how far off of normal these companies were compared to funds received. They should be required to repay the difference either immediately or convert to a high interest loan.
 
Alika M said:
Its still a loan they have to pay back... its not a grant.
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My understanding of this program is they don't have to pay anything back if those money being used on coaches salaries. They do have to pay back if money will be used otherwise. I'm not saying it's true, but this is how I understood it is.
 
Alika M said:
Its still a loan they have to pay back... its not a grant.
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It's forgiven if you can show at least 60% went to payroll related and the remainder went to other qualified costs (and maintained employment). Since money is fungible you could easily show that PPP covered those expenses even though your regular sources of income could have covered those costs. Technically you had to have a need for it, and while there could be penalties, the definition of "need" is very vague in the legislation. I'm not aware of anyone who took PPP that thinks it will not be forgiven.
 
watfly said:
It's forgiven if you can show at least 60% went to payroll related and the remainder went to other qualified costs (and maintained employment). Since money is fungible you could easily show that PPP covered those expenses even though your regular sources of income could have covered those costs. Technically you had to have a need for it, and while there could be penalties, the definition of "need" is very vague in the legislation. I'm not aware of anyone who took PPP that thinks it will not be forgiven.
Click to expand...

Let me guess - you are neither an accountant nor a lawyer.
 
Alika M said:
Its still a loan they have to pay back... its not a grant.
Click to expand...
No, it's forgiven if the funds go toward payroll and a few other expenses, most CPA's can complete the paperwork and it gets done faster plus, they can fill out the paperwork for forgiveness when the time is due although, not sure how 501 c 3's can get it if they don't pay taxes
 
watfly said:
$150,000-$350,000:
Arizona Arsenal
Del Sol
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I counted 5 in AZ. The non profit names and the club names are not necessarily the same. Strangely, one club looks like it double dipped under 2 non profits - legit I guess.

Thing with AZ is that all the tournaments were done for the 2019-20 season, certainly for any of the 4 clubs. Dues run through March so that was all collected. Registration fees are in May, and were asked for and collected. New season dues start Jul-Aug. So in short, none of these clubs would have been out any money that I can see. In fact, they would have saved money as they didn't have to pay for fields.

I know of companies that definitely needed the PPP and have no problem with that, but still, it strikes me that this was open to abuse and was no doubt abused and we the taxpayers get to pay for it. I'm obviously not suggesting any of the 4 clubs abused it ... I would never do that.

And I doubt any of it will be repaid.
 
Overlap said:
No, it's forgiven if the funds go toward payroll and a few other expenses, most CPA's can complete the paperwork and it gets done faster plus, they can fill out the paperwork for forgiveness when the time is due although, not sure how 501 c 3's can get it if they don't pay taxes
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Apparently there was no barrier for non-profits. Just under 42,500 were paid totaling somewhere in the range of $21.4B to $51.2B.
 
Key piece to the PPP loan was how the coaches are paid in specific clubs. In order to apply for a PPP loan the coaches needed to be paid as W2 employees vs. 1099 independent contractors. Many clubs in CA did not adhere and are still paying coaches as 1099 employees. Those clubs did not qualify for PPP funds because of that. The law changed in 2020 under the AB5 law and all clubs should be paying coaches as W2 employees in order to be compliant to the new law.

The new law takes effect Jan. 1, 2020, and could see a mixed bag of companies complying and some that refuse. Under the new law, California workers could generally be considered independent contractors only if the work they do is outside the usual course of a company’s business. Conversely, workers must be employees not contractors if either a company exerts control over how they perform their tasks, or if their work is part of a company’s regular business. That latter rule is key. Other states could well follow California’s lead, which could mean more tax money flowing.
 
zags77 said:
Key piece to the PPP loan was how the coaches are paid in specific clubs. In order to apply for a PPP loan the coaches needed to be paid as W2 employees vs. 1099 independent contractors. Many clubs in CA did not adhere and are still paying coaches as 1099 employees. Those clubs did not qualify for PPP funds because of that. The law changed in 2020 under the AB5 law and all clubs should be paying coaches as W2 employees in order to be compliant to the new law.

The new law takes effect Jan. 1, 2020, and could see a mixed bag of companies complying and some that refuse. Under the new law, California workers could generally be considered independent contractors only if the work they do is outside the usual course of a company’s business. Conversely, workers must be employees not contractors if either a company exerts control over how they perform their tasks, or if their work is part of a company’s regular business. That latter rule is key. Other states could well follow California’s lead, which could mean more tax money flowing.
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If you where the uniform, have email and controlled by the Doc, you are employee. I was told it's 100% on the employer to do things right.
 
In the spirit of full disclosure there could have been other teams that took PPP money that are under the $150,000 threshold that doesn't require the publishing of the entity name.
 
Great info...so if your kids play and you pay to one of these clubs, they will likely be making more profit this year because of Covid. Albion and Legends $350K - $1MM ? That's a windfall. And it won't be paid back. Don't feel sorry for them if their summer tournament gets cancelled. The Covid "tournament" made them 5x as much.
 
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