Nonprofit · EIN 81-2169463
CAROLINA VELOCITY FUTBOL CLUB INC
Tax-exempt · RALEIGH, NC 27606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $749,517 | $816,618 | -$67,101 | $440,264 | -$1,105 | $441,369 |
| December 31, 2024 | 990 | $2,263,234 | $1,998,144 | $265,090 | $512,041 | $3,573 | $508,468 |
| December 31, 2023 | 990 | $1,472,253 | $1,448,821 | $23,432 | $395,401 | $152,023 | $243,378 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $749,517
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $348,305
- Salaries, compensation and benefits (total)
- $348,305
- Professional fundraising fees
- $0
- Legal fees
- $3,500
- Occupancy
- $37,298
- Travel
- $3,320
- Depreciation
- $7,100
- Program services (functional)
- $816,618
Balance sheet and other
- Total assets, start of year
- $512,041
- Total assets, end of year
- $440,264
- Total liabilities, end of year
- -$1,105
- Net assets, end of year
- $441,369
- Land, buildings and equipment
- $10,649
- Net assets without donor restrictions
- $441,369
- Gross receipts
- $749,517
- Employees
- 31
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES LAGAYETTE | DIRECTOR Officer | 5 | $0 |
| JEAN-DAMIEN LADEUIL | BOARD MEMBER Officer | 5 | $0 |
| SIMON BARROW | PRESIDENT Officer | 5 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRIS LAMB | PRESIDENT Officer | – | $0 |
| CIARAN MCARDLE | VICE PRESIDE Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRIS LAMB | PRESIDENT Officer | – | $0 |
| CIARAN MCARDLE | VICE PRESIDE Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 5600 HILLSBOROUGH ST, RALEIGH, NC 27606-1533
- Principal officer (990 for 2025)
- CHARLES LAGAYETTE, 2015 PITKIN AVENUE, BROOKLYN, NY 11207
- Signed the 990
- CHARLES LAGAYETTE, DIRECTOR
- Phone
- (516) 459-2026
- Website
- WWW.CAROLINAVELOCITY.COM
- Return prepared by
- LUCAS HORSFALL ADVISORS LLC
Mission
AMATEUR SOCCER CLUB
Program accomplishments
- AMATEUR SOCCER CLUBExpenses $816,618 · revenue $749,517
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 81-2169463
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N64)
- Assets (IRS master file)
- $440,264
- Income (IRS master file)
- $749,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $749,517 | $816,618 | $440,264 | XML |
| 990 | December 2024 | $2,263,234 | $1,998,144 | $512,041 | XML |
| 990 | December 2023 | $1,472,253 | $1,448,821 | $395,401 | IRS |
| 990 | December 2022 | $1,158,240 | $1,140,616 | $373,243 | IRS |
| 990 | December 2021 | $1,113,691 | $884,019 | $361,292 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2169463).
Questions about CAROLINA VELOCITY FUTBOL CLUB INC
- What is the EIN of CAROLINA VELOCITY FUTBOL CLUB INC?
- The employer identification number (EIN) of CAROLINA VELOCITY FUTBOL CLUB INC is 81-2169463.
- Is CAROLINA VELOCITY FUTBOL CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to CAROLINA VELOCITY FUTBOL CLUB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA VELOCITY FUTBOL CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROLINA VELOCITY FUTBOL CLUB INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROLINA VELOCITY FUTBOL CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CAROLINA VELOCITY FUTBOL CLUB INC?
- The 990 for the year ended June 30, 2025 names CHARLES LAGAYETTE.
- Who are the officers and directors of CAROLINA VELOCITY FUTBOL CLUB INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CAROLINA VELOCITY FUTBOL CLUB INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $749,517, expenses of $816,618 and total assets of $440,264 at year end.
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