Freehold Soccer League Inc
Freehold Soccer League: Strong Program Spending, but Transparency Lacking on Specifics
EIN: 222171257 · Freehold, NJ · Updated: 2026-04-04
About Freehold Soccer League Inc
Freehold Soccer League Inc (EIN: 222171257) is a nonprofit organization based in Freehold, NJ. The organization reported total revenue of $1.1M and total assets of $302K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freehold Soccer League Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freehold Soccer League Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Freehold Soccer League Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-paid leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Freehold Soccer League Inc's IRS 990 filings:
- Lack of detailed breakdown for 'other expenses' which represent a significant portion of expenditures (e.g., $158,364 in 2023).
- Absence of a clear transparency section on their website for easy access to financial documents or program details.
- Rapid increase in revenue and expenses from 2021 to 2023 without corresponding detailed explanations of growth drivers.
Strengths
The following positive indicators were identified for Freehold Soccer League Inc:
- Consistently high percentage of spending directed towards programs (e.g., 85% in 2023 based on available data).
- Reported $0 executive compensation, suggesting a strong volunteer ethos or highly efficient operational model.
- Significant growth in revenue from $371,955 in 2021 to $1,087,288 in 2023, indicating increasing community support.
- Healthy asset base of $302,168 in 2023, providing financial stability.
Frequently Asked Questions about Freehold Soccer League Inc
What does Freehold Soccer League Inc do?
Freehold Soccer League Inc is a nonprofit organization in the Unknown sector, located in Freehold, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Freehold Soccer League Inc have?
Freehold Soccer League Inc reported total revenue of $1,087,288. Based on 14 IRS 990 filings on record.
What are Freehold Soccer League Inc's total assets?
Freehold Soccer League Inc holds total assets of $302,168 as reported in IRS 990 filings.
Where is Freehold Soccer League Inc located?
Freehold Soccer League Inc is based in Freehold, New Jersey.
What is Freehold Soccer League Inc's EIN?
Freehold Soccer League Inc's Employer Identification Number (EIN) is 222171257. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Freehold Soccer League Inc?
Freehold Soccer League Inc is classified under NTEE code Unknown (Unknown).
Is Freehold Soccer League Inc a registered 501(c)(3)?
Freehold Soccer League Inc appears in IRS records (EIN: 222171257). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Freehold Soccer League Inc file IRS Form 990?
Yes, Freehold Soccer League Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Freehold Soccer League Inc's revenue in 2023?
In the 202307 filing period, Freehold Soccer League Inc reported total revenue of $935,553, total expenses of $965,392, and net assets of $302,463.
Is Freehold Soccer League Inc's revenue growing or declining?
Freehold Soccer League Inc's revenue is growing. Revenue went from $727,779 (202207) to $935,553 (202307), a +28.5% change. Based on 14 filings on record.
What is Freehold Soccer League Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Freehold Soccer League Inc covers tax period 202307. It shows revenue of $935,553, expenses of $965,392, total assets of $302,463, and liabilities of $158,364.
How much does Freehold Soccer League Inc spend on programs vs administration?
Based on IRS 990 analysis, Freehold Soccer League Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Freehold Soccer League Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Freehold Soccer League Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Freehold Soccer League Inc?
The following concerns were identified: Lack of detailed breakdown for 'other expenses' which represent a significant portion of expenditures (e.g., $158,364 in 2023).. Absence of a clear transparency section on their website for easy access to financial documents or program details.. Rapid increase in revenue and expenses from 2021 to 2023 without corresponding detailed explanations of growth drivers.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Freehold Soccer League Inc's strengths?
Positive indicators for Freehold Soccer League Inc include: Consistently high percentage of spending directed towards programs (e.g., 85% in 2023 based on available data).. Reported $0 executive compensation, suggesting a strong volunteer ethos or highly efficient operational model.. Significant growth in revenue from $371,955 in 2021 to $1,087,288 in 2023, indicating increasing community support.. Healthy asset base of $302,168 in 2023, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Freehold Soccer League Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does Freehold Soccer League Inc. manage its operational leadership and strategic direction, especially with its recent growth?
The organization likely relies heavily on volunteer leadership and a dedicated board of directors for strategic oversight and day-to-day operations. The rapid growth suggests a robust volunteer network capable of scaling activities without incurring executive salary costs.
What specific programs or initiatives contributed to the substantial increase in revenue from $371,955 in 2021 to $1,087,288 in 2023?
While the filings show overall revenue growth, they do not itemize specific program revenue streams. This growth could be attributed to increased participation fees, successful fundraising campaigns, or new program offerings, but further detail is needed for a precise understanding.
Filing History
IRS 990 filing history for Freehold Soccer League Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Freehold Soccer League Inc's revenue has grown by 349.2%, moving from $208K to $936K. Total assets increased by 56.3% over the same period, from $194K to $302K. Total functional expenses rose by 319%, from $230K to $965K. In its most recent filing year (2023), Freehold Soccer League Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $158K in liabilities against $302K in assets (debt-to-asset ratio: 52.4%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $936K | $965K | $302K | $158K | — | View 990 |
| 2022 | $728K | $696K | $271K | $91K | — | View 990 |
| 2021 | $372K | $358K | $272K | $16K | — | View 990 |
| 2020 | $35K | $62K | $245K | $3K | — | View 990 |
| 2019 | $224K | $162K | $297K | $27K | — | View 990 |
| 2018 | $204K | $154K | $239K | $2K | — | View 990 |
| 2017 | $244K | $164K | $214K | $20K | — | View 990 |
| 2016 | $305K | $248K | $170K | $0 | — | View 990 |
| 2015 | $382K | $615K | $113K | $0 | — | View 990 |
| 2014 | $395K | $343K | $347K | $0 | — | View 990 |
| 2013 | $347K | $276K | $240K | $0 | — | View 990 |
| 2012 | $256K | $240K | $231K | $40K | — | View 990 |
| 2011 | $222K | $239K | $177K | $0 | — | View 990 |
| 2010 | $208K | $230K | $194K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $936K, expenses of $965K, and assets of $302K (revenue +28.5% year-over-year).
- 2022: Revenue of $728K, expenses of $696K, and assets of $271K (revenue +95.7% year-over-year).
- 2021: Revenue of $372K, expenses of $358K, and assets of $272K (revenue +972.7% year-over-year).
- 2020: Revenue of $35K, expenses of $62K, and assets of $245K (revenue -84.5% year-over-year).
- 2019: Revenue of $224K, expenses of $162K, and assets of $297K (revenue +10.1% year-over-year).
- 2018: Revenue of $204K, expenses of $154K, and assets of $239K (revenue -16.4% year-over-year).
- 2017: Revenue of $244K, expenses of $164K, and assets of $214K (revenue -20.1% year-over-year).
- 2016: Revenue of $305K, expenses of $248K, and assets of $170K (revenue -20.0% year-over-year).
- 2015: Revenue of $382K, expenses of $615K, and assets of $113K (revenue -3.4% year-over-year).
- 2014: Revenue of $395K, expenses of $343K, and assets of $347K (revenue +13.9% year-over-year).
- 2013: Revenue of $347K, expenses of $276K, and assets of $240K (revenue +35.7% year-over-year).
- 2012: Revenue of $256K, expenses of $240K, and assets of $231K (revenue +15.2% year-over-year).
- 2011: Revenue of $222K, expenses of $239K, and assets of $177K (revenue +6.6% year-over-year).
- 2010: Revenue of $208K, expenses of $230K, and assets of $194K.
Data Sources and Methodology
This transparency report for Freehold Soccer League Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.