https://www.ussoccer.com/governance/financial-information Does anyone know how to read these financial statement forms (Form 990)? Does US Soccer have a lot of money on hand? Or does it just look that way.
I'm surprised there are 1,487 employees. That must include people in different locations. The net assets are enough to pay every employee $109,440.97 without more revenue. 32 employees are named. I like seeing expenses, and here are some of them from Form 990 for the year April 2017 through March 2018: National teams: $71,893,738 Referees: $4,458,679 Coaching: $6,491,586 Other: $3,900,142 Activities per region: National teams in North America: $321,751 Travel expenses in North America: $62,244 National teams in Central America/Caribbean: $476,683 Travel expenses in Central America/Caribbean: $52,539 National teams in Europe: $1,408,404 Travel expenses in Europe: $1,582,556 National teams in South America: $445,506 Travel expenses in South America: $1,033,120 National teams in East Asia and the Pacific: $288,148 Travel expenses in East Asia and the Pacific: $915,709 Travel expenses in Sub-Saharan Africa: $328,114 (there isn't a national teams category) National team in South Asia: $150,926 (there isn't a travel expenses category)
Cash: there is a nice nest egg, but it not a huge amount. They do have a significant securities portfolio, which i would have to dive into more but it appears they saw a windfall after Copa America 2016 or some other time (I think they were paid an additional $50 million for organizing it). The majority of their assets appear to be unrestricted, which means not limited due to donor restrictions on contributions. They have a significant sum in reserves, which I know was a big topic during the USSF elections cycle and how it can best be utilized. Assets are different than revenues, so that is an important distinction.