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Carolina Velocity Futbol Club Inc

  • Raleigh, NC
  • Tax-exempt since June 2016
  • EIN: 81-2169463

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Recreation, Sports, Leisure, Athletics / Soccer Clubs, Leagues (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.16M (2022)

Expenses
$1.14M (2022)

Total Assets
$373k (2022)

Total Liabilities
$153k (2022)

Source: Form 990 tax filings from 2016 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,158,240
Expenses
$1,140,616
Net Income
$17,624
Net Assets
$219,946
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,625
3.9%
Program Services $1,112,615
96.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $416,227
36.5%
Assets/Debt
Total Assets $373,243
Total Liabilities $153,297
Net Assets $219,946
Compensation
Key Employees and Officers Compensation Related Other
Kris Lamb (President) $0 $0 $0
Ciaran Mcardle (Vice Preside) $0 $0 $0

Document Links

990
Filed on Dec. 21, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,113,691
Expenses
$884,019
Net Income
$229,672
Net Assets
$202,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $99,487
8.9%
Program Services $1,014,204
91.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $305,276
34.5%
Assets/Debt
Total Assets $361,292
Total Liabilities $158,970
Net Assets $202,322
Compensation
Key Employees and Officers Compensation Related Other
Kris Lamb (President) $0 $0 $0
Ciaran Mcardle (Vice Preside) $0 $0 $0

Document Links

990
Filed on Feb. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$436,506
Expenses
$423,126
Net Income
$13,380
Net Assets
-$27,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $436,506
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $169,381
40.0%
Assets/Debt
Total Assets $164,553
Total Liabilities $191,903
Net Assets -$27,350
Compensation
Key Employees and Officers Compensation Related Other
Kris Lamb (President) $0 $0 $0
Ciaran Mcardle (Vice Preside) $0 $0 $0

Document Links

990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,682
Expenses
$274,188
Net Income
$2,494
Net Assets
-$40,730
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $276,682
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $119,738
43.7%
Assets/Debt
Total Assets $27,930
Total Liabilities $68,660
Net Assets -$40,730
Compensation
Key Employees and Officers Compensation Related Other
Kris Lamb (President) $0 $0 $0
Ciaran Mcardle (Vice Preside) $0 $0 $0

Document Links

990
Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$197,996
Expenses
$248,475
Net Income
-$50,479
Net Assets
-$43,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $197,996
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $5,880
Total Liabilities $49,104
Net Assets -$43,224
Compensation
Key Employees and Officers Compensation Other
Ciaran Mcardle (Vice Preside) $0 $0
Kris Lamb (President) $0 $0

Document Links

990-EZ
Filed on Nov. 13, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$156,660
Expenses
$184,772
Net Income
-$28,112
Net Assets
$7,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $156,660
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $10,756
Total Liabilities $3,501
Net Assets $7,255
Compensation
Key Employees and Officers Compensation Other
Ciaran Mcardle (President) $0 $0

Document Links

990-EZ
Filed on Nov. 5, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$174,001
Expenses
$138,634
Net Income
$35,367
Net Assets
$35,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $174,001
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $35,367
Total Liabilities $0
Net Assets $35,367
Compensation
Key Employees and Officers Compensation Other
Richard King (President) $0 $0

Document Links

990-EZ
Filed on Sept. 11, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated