2024-08-13T09:58:47-05:00 2023-05-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-06-01 222203326 PARSIPPANY SOCCER CLUB INC PARS 2019192422 PO BOX 212 PARSIPPANY NJ 07054 ROBERT BIRTH PRESIDENT 2019192422 2024-08-13 1 0 RYAN A HYNSON CPA P03062772 9733281825 2024-07-25 2022 2024-08-08 14:25:15Z X ROBERT BIRTH 580 SMITH ROAD PARSIPPANY NJ 07054 1194098 0 X WWW.PARSIPPANYSOCCERCLUB.ORG X 1973 NJ PARSIPPANY SOCCER CLUB, INC. WAS ESTABLISHED AS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO DEVELOP, PROMOTE, AND GOVERN THE GAME OF SOCCER WITHIN THE TOWNSHIP OF PARSIPPANY-TROY HILLS, NEW JERSEY. 9 9 0 130 0 0 38928 38029 1244966 1144884 397 448 9997 10737 1294288 1194098 4000 4000 0 0 0 0 0 0 0 1065898 1144036 1069898 1148036 224390 46062 1244637 1381460 300395 391156 944242 990304 PARSIPPANY SOCCER CLUB, INC.'S MISSION IS TO DEVELOP, PROMOTE, AND GOVERN THE GAME OF SOCCER WITHIN THE TOWNSHIP OF PARSIPPANY-TROY HILLS, NEW JERSEY. 0 0 1073412 4000 1144884 TO CREATE AN ENVIRONMENT WHERE CHILDREN AND YOUNG ADULTS, AGES 7 TO 20, CAN CONTINUE TO LEARN THE GAME OF SOCCER. PARSIPPANY SOCCER CLUB OFFERS THREE LEVELS OF PLAY WHICH INCLUDES INTRAMURAL, TRAVEL, AND THE SUPER Y PROGRAMS. APPROXIMATELY 1500 CHILDREN BENEFIT FROM THESE PROGRAMS EACH YEAR. 1073412 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X ANGELIKA BAMERT 2019192422 580 SMITH ROAD PARSIPPANY NJ 07054 X ANDREW LADAS VICE PRESIDENT - FACILITIE 2.00 X 0 0 0 KEN NOLAN VICE PRESIDENT - INTRAMURA 2.00 X 0 0 0 ROBERT BIRTH PRESIDENT 2.00 X 0 0 0 KIM KELLEY VICE PRESIDENT - PURCHASING 2.00 X 0 0 0 AL ZALEWSKI VICE PRESIDENT - TRAVEL 2.00 X 0 0 0 ANGELIKA BAMERT TREASURER 2.00 X 0 0 0 MIKE KELLS SECRETARY 2.00 X 0 0 0 SHARIF SHAMSUDIN REGISTRAR 2.00 X 0 0 0 ROBERT PELUSO VICE PRESIDENT - FINANCE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 38029 38029 REGISTRATION FEES 900099 1144884 1144884 1144884 448 448 1621 0 1621 1621 OTHER INCOME 900099 9116 9116 9116 1194098 1144884 0 11185 X 4000 4000 39877 39877 1042 1042 12607 5286 7321 8885 8885 TRAINING AND COACHING 436020 436020 PROGRAM FEES 295056 295056 REFEREES 135175 135175 FIELD MAINTENANCE AND R 88564 88564 126810 109311 17499 1148036 1073412 74624 0 56133 11822 1151639 1324777 34565 41311 2300 3550 1244637 1381460 88200 159528 191827 214025 20368 17603 300395 391156 X 944242 990304 944242 990304 1244637 1381460 46062 0 X X 0 1 X 1 0 X 20697 19941 11304 38928 38029 128899 1205440 1207666 1119893 1248313 1146505 5927817 1226137 1227607 1131197 1287241 1184534 6056716 0 0 0 6056716 1149 1583 1490 397 448 5067 1149 1583 1490 397 448 5067 9657 7926 8470 6650 9116 41819 1236943 1237116 1141157 1294288 1194098 6103602 0.99230 0.99350 0.00080 0.00090 X 0 TEAM DEPOSITS 7722 OTHER LIABILITIES 9881 17603 X 1194098 0 1194098 0 1194098 1148036 0 1148036 0 1148036 PART X, LINE 2: THE CLUB IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREBY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE CLUB IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CLUB FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE POSITIONS. THE CLUB DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEARS ENDED MAY 31, 2023 AND 2022. HOWEVER, THE CLUB IS SUBJECT TO REGULAR AUDIT BY TAX AUTHORITIES INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE CLUB BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED EACH YEAR. AS REQUIRED BY LAW, THE CLUB FILES INFORMATIONAL RETURNS WITH BOTH FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY. FORM 990, PART VI, SECTION B, LINE 11B PARSIPPANY SOCCER CLUB, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C PARSIPPANY SOCCER CLUB, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 PARSIPPANY SOCCER CLUB, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E MERCHANDISE AND SUPPLIES: PROGRAM SERVICE EXPENSES 34,806. MANAGEMENT AND GENERAL EXPENSES 8,702. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 43,508. UNIFORMS: PROGRAM SERVICE EXPENSES 34,911. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,911. TROPHIES AND AWARDS: PROGRAM SERVICE EXPENSES 22,734. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,734. ADMIN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,742. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,742. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 8,668. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,668. SAFETY AND PATROL: PROGRAM SERVICE EXPENSES 5,366. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,366. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 2,826. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,826. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 55. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55. FORM 990. PART XII, LINE 2C. THERE WAS NO CHANGE FORM THE PRIOR YEAR. FORM 990, BOX B, AMENDED RETURN THE 2022 FORM 990 IS BEING AMENDED TO AGREE WITH THE AUDITED FINANCIALS. THEREFORE, THE FOLLOWING FORMS HAVE CHANGED: FORM 990 PARTS I, III, VIII, IX, X, AND XI; SCHEDULE A PART III; SCHEDULE D PART XI AND XII.