Organizational Structure of Clubs
Master thread to highlight how each club is structured, who "owns" the club, who benefits from money being generated, etc. Will post here occasionally with the intention of trying to drive transparency. I am going to use the inter-google, but if anyone wants to add any info they know about a club - please share. Sometimes even when clubs are formed as not-for-profits, you can see in the 990 filings that another related party is funneling money out of the organization.
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Players Development Academy:
Started by Tom Worthington. Set up as a 501(c)3 tax exempt organization in 1998. In 2021, had revenue of approximately 5.2MM and expenses of 4.8MM. Coaches were paid approximately 2.8MM. Only one employee, who appears to manage finances.
Based on this, the organization appears to be a true to form non-profit.
Pro Publica Summary:
https://projects.propublica.org/nonp...ions/223598551
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What about MFA? I think they are supposed to be non profit.Comment
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Match Fit: Founded: March 2000 by John R. Calcaterra, Malcolm Murphy and Jeff Parker
2 of the 3 founders take a salary. They have 3 "employees" that take over 100k/year. Additionally, Malcom Murphy works 10 hours a week and was paid 127k/year. Chris Leahy works 20 and was paid 125k. John Calcaterra was paid 63k for 10hrs a week.
Based on membership fees of 2.36mm, coaches were paid 1.139mm, or about 48.3%. If you add back in Bucci, Leahy and Murphy, you get to around 63.7% going to coaching vs
PDA 64.1% of member fees go to coaches. But a substantial amount go to those 3 compared to others.
Matchfit pays 643k in "Occupancy," but assuming this is mostly field rentals. Other significant expenses are consistent with PDA, such as Tournament Fees, Ref Fees and League fees. MFA had net assets of approximately 500k with PDA being 3.3mm.
Doesnt appear that there is other major drain other than the Officer/Director compensation, so still reasonably a NFP, but a little less so objectively than PDA.
Pro Publica:
https://projects.propublica.org/nonp...ions/320024296Comment
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There's usually a Boss at the top. If this boss is more powerful than other clubs' bosses then he gets a special name like "boss of bosses." Then they have an underboss, and then the caporegimes, the lieutenants and then soldiers. At the bottom are the guys just associated but not really part of the thing.Comment
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Some clubs intentionally go for-profit so no one can see their numbers. Of those who are non profit, some follow the rules, act like a non profit, scholarship lots of kids etc. Most have an "owner" or two who call the shots and have boards filled their buddies who do what they're told. As you can see in the 990s there's not a lot of details availableComment
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Interesting, didnt know PDA was in the business of issuing loans. 75k loan to a coach. Now that smellsOriginally posted by Guest View PostComment
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its a liability. It means they borrowed money, not lent it.Originally posted by Guest View PostComment
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