Marin FC
EIN: 20-8903618 · Tax status: 501(c)(3) nonprofit
Overview
The Marin Football Club is a 501(c)(3) nonprofit youth soccer club based in Greenbrae, California (Marin County). The club fields 55 youth teams and two adult teams, serving approximately 920 players. Marin FC is the dominant competitive soccer club in Marin County and holds ecnl membership in the Northern Cal Conference.
Financials
| Metric | FY2024 | Source |
|---|---|---|
| Total Revenue | $2,886,647 | 990 (HIGH) |
| Total Expenses | $2,868,327 | 990 (HIGH) |
| Net Income | $18,320 | 990 (HIGH) |
| Total Assets | $1,809,203 | 990 (HIGH) |
| Total Liabilities | $1,520,169 | 990 (HIGH) |
| Net Assets | $289,034 | 990 (HIGH) |
Revenue composition: Program services $2,798,291 (96.9%), contributions $58,696 (2.0%), investment income $9,466 (0.3%), other revenue $20,194 (0.7%).
Key expense: Salaries and wages $1,177,781 (41.1% of expenses).
Margins are extremely tight ($18K net income on $2.9M revenue). The club carries significant liabilities ($1.5M) relative to assets ($1.8M), resulting in a thin net asset position ($289K). This financial profile suggests operational fragility.
Teams & Players
55 youth teams plus 2 adult teams. Approximately 920 players.
League Affiliations
- ecnl — Northern Cal Conference (full member, boys and girls)
- NorCal Premier Soccer
Facilities
Operates in Marin County (Greenbrae area). Facility ownership details TBD.
Leadership
- joshua-kalkstein — Technical Director. Compensation: $125,825 (FY2024).
- evan-cross — President. Compensation: $13,280 (FY2024).
College Placement
Data TBD.
Competitive Position
Marin FC is the clear market leader in Marin County, an affluent North Bay community with limited competition. The ECNL membership gives the club elite pathway credibility. However, the club’s small size (920 players, 55 teams) and thin financials ($289K net assets) limit its standalone growth potential.
Strengths: ECNL membership, Marin County affluence, limited local competition, strong brand in North Bay. Weaknesses: Small player base, razor-thin margins, high liabilities relative to assets, geographic isolation from main Bay Area population centers.
Investment Thesis
Marin FC is a Tier 3 strategic target. The ECNL membership and affluent Marin County location are valuable, but the club’s small size and thin financial position mean it would primarily serve as a geographic fill-in within a broader NorCal portfolio. Could be paired with a Bay Area anchor acquisition (De Anza Force or MVLA) to extend reach into the North Bay.
Open Questions
- What are the $1.5M in liabilities? Facility leases? Debt?
- What drives the thin margin — is it high facility costs, coaching salaries, or both?
- Is the club at capacity for its facilities, or is there room to grow the player base?
- What is the competitive landscape in Marin — any emerging rivals?