The purposes of the organization, as stated in the bylaws is to promote and support the game of soccer in the State of North Carolina; to recognize and honor those persons who have made significant contributions to the game of soccer in the State of North Carolina; to solicit, receive and expend funds for the accomplishment of the above purposes; and to pursue any other purposes which the Board may deem appropriate.

The North Carolina Soccer Hall of Fame is administered by a Board of Directors of 11 members from which an four-person Executive Board of Directors is elected. Included on the BOD is one ex officio representative from the four affiliates: the North Carolina Youth Soccer Association, the North Carolina Soccer Referees Association, the North Carolina Soccer Coaches Association and the North Carolina Adult Soccer Association.

From a list of suggested nominees, a formal list of candidates for nomination is compiled after September 1 of each year. The final list of nominees are selected at a meeting of the Board of Directors in early October. The final selection process is a vote by members of the 11 members of Board of Directors and all living members of the North Carolina Soccer Hall of Fame.

Consideration for nomination includes long-standing contributions and achievements in advancing soccer in North Carolina, and individuals to be considered may be players, coaches, referees and/or administrators. Length of service will be considered, as well as diversity of involvement.

As of the January 24, 2009 induction dinner, the North Carolina Soccer Hall of Fame has inducted 36 individual members. Of those eight are deceased.

Four members, Hank Steinbrecher, Carla Overbeck, Anson Dorrance and Mia Hamm, are also members of the National Soccer Hall of Fame.