Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $18,832,207

• 1g · Noncash contributions included above

  $5,822,331

• 2a · Program service revenue: SPONSORSHIP

  total $60,798,397 · related or exempt $60,798,397

• 2b · Program service revenue: NATL. TEAM INT GAMES

  total $49,277,753 · related or exempt $49,277,753

• 2c · Program service revenue: NON-DED. MBRSHP. DUES

  total $6,206,681 · related or exempt $6,206,681

• 2d · Program service revenue: COACHING SCHOOLS

  total $3,340,463 · related or exempt $3,340,463

• 2e · Program service revenue: REFEREES

  total $2,125,370 · related or exempt $2,125,370

• 2f · All other program service revenue

  total $5,794,677 · related or exempt $5,794,677

• 3 · Investment income

  total $2,600,720 · excluded $2,600,720

• 7a · Gross sales of assets other than inventory

  securities $30,778,386

• 7b · Less cost or other basis and sales expenses

  securities $30,583,179

• 7c · Gain or loss

  securities $195,207

• 7d · Net gain or loss

  total $195,207 · excluded $195,207

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,654,625 · program services $1,654,625

• 5 · Compensation of officers, directors and key employees

  total $7,836,916 · program services $3,732,320 · management and general $4,104,596

• 6 · Compensation of disqualified persons

  total $88,958 · program services $88,958

• 7 · Other salaries and wages

  total $65,169,152 · program services $60,175,654 · management and general $4,993,498

• 8 · Pension plan contributions

  total $1,466,000 · program services $1,115,027 · management and general $350,973

• 9 · Other employee benefits

  total $3,611,168 · program services $2,416,400 · management and general $1,194,768

• 10 · Payroll taxes

  total $4,348,451 · program services $3,681,588 · management and general $666,863

• 11b · Fees: legal

  total $8,438,107 · program services $1,832 · management and general $8,436,275

• 11c · Fees: accounting

  total $174,529 · management and general $174,529

• 11d · Fees: lobbying

  total $40,000 · management and general $40,000

• 11g · Fees: other

  total $5,475,732 · program services $1,913,818 · management and general $3,561,914

• 12 · Advertising and promotion

  total $3,941,751 · program services $3,658,032 · management and general $283,719

• 13 · Office expenses

  total $111,494 · program services $96,393 · management and general $15,101

• 14 · Information technology

  total $7,990,234 · program services $6,208,765 · management and general $1,781,469

• 16 · Occupancy

  total $2,533,616 · program services $1,459,057 · management and general $1,074,559

• 17 · Travel

  total $34,667,792 · program services $33,039,186 · management and general $1,628,606

• 19 · Conferences, conventions and meetings

  total $1,996,831 · program services $1,996,831

• 20 · Interest

  total $175,935 · management and general $175,935

• 22 · Depreciation, depletion and amortization

  total $305,221 · program services $297,012 · management and general $8,209

• 23 · Insurance

  total $2,508,081 · program services $548 · management and general $2,507,533

• 24a · Other expenses: EVENT OPERATIONS

  total $6,925,628 · program services $6,820,761 · management and general $104,867

• 24b · Other expenses: FINANC. EXP. & BAD DEBT

  total $5,554,793 · program services $1,146,677 · management and general $4,408,116

• 24c · Other expenses: EQUIPMENT CHARGES

  total $4,913,161 · program services $4,913,161

• 24d · Other expenses: TICKET SHARE

  total $4,634,977 · program services $4,634,977

• 24e · All other expenses

  total $12,602,059 · program services $10,478,013 · management and general $2,124,046

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $38,168,685 · end of year $22,246,599

• 4 · Accounts receivable

  beginning of year $7,526,648 · end of year $25,586,919

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,268,952 · end of year $3,981,391

• 10a · Land, buildings and equipment: cost or other basis

  $10,316,874

• 10b · Land, buildings and equipment: accumulated depreciation

  $8,644,676

• 10c · Land, buildings and equipment, net

  beginning of year $1,977,419 · end of year $1,672,198

• 11 · Investments: publicly traded securities

  beginning of year $116,708,659 · end of year $91,883,842

• 15 · Other assets

  beginning of year $3,459,261 · end of year $6,994,087

• 17 · Accounts payable and accrued expenses

  beginning of year $33,100,558 · end of year $49,910,139

• 19 · Deferred revenue

  beginning of year $5,694,617 · end of year $11,048,539

• 24 · Unsecured notes and loans payable

  beginning of year $3,438,782 · end of year $3,614,717

• 25 · Other liabilities

  beginning of year $19,534,034 · end of year $18,918,365

• 27 · Net assets without donor restrictions

  beginning of year $99,004,040 · end of year $60,403,590

• 28 · Net assets with donor restrictions

  beginning of year $9,337,593 · end of year $8,469,686

The filer's explanations (Part III)

PART I, LINE 1A

MEMBERS OF BOTH SENIOR NATIONAL TEAMS, THEIR COACHING STAFFS, AND SENIOR NATIONAL TEAM ADMINISTRATORS MAY FLY VIA CHARTER FOR TEAM OR BUSINESS PURPOSES. OF THOSE LISTED ON SCHEDULE J, PART II, SEVEN KEY EMPLOYEES, AND FIVE HIGHEST COMPENSATED EMPLOYEES TRAVELED VIA CHARTER AT LEAST ONCE. BECAUSE EXTENSIVE NATIONAL AND INTERNATIONAL TRAVEL IS A REQUIREMENT FOR THESE POSITIONS, THIS BENEFIT IS NOT CONSIDERED COMPENSATION AND IS THEREFORE TREATED AS NON-TAXABLE. DAN FLYNN RECEIVED PERSONAL TAX AND ACCOUNTING SERVICES IN THE AMOUNT OF $11,900 THAT ARE COVERED BY U.S. SOCCER PER HIS CONTRACT. DAN FLYNN ALSO RECEIVED GROSS-UP PAYMENTS OF $5,158. THESE AMOUNTS WERE INCLUDED AS TAXABLE COMPENSATION IN HIS W-2. ANN SEENEY RECEIVED A RELOCATION PAYMENT OF $15,000. THIS AMOUNT WAS INCLUDED AS TAXABLE COMPENSATION IN HER W-2.

PART I, LINE 3

THE CEO OF U.S. SOCCER HAS ESTABLISHED THE TERMS OF HIS EMPLOYMENT WITH U.S. SOCCER BY WRITTEN CONTRACT. THIS WRITTEN CONTRACT DOES NOT INCLUDE OR IN ANY WAY INVOLVE ANOTHER ORGANIZATION AND IS BETWEEN THE CEO AND U.S. SOCCER ALONE.

PART I, LINE 7

CERTAIN U.S. SOCCER EMPLOYEES RECEIVE DISCRETIONARY, NON-FIXED BONUS PAYMENTS BASED ON EACH INDIVIDUAL'S PERFORMANCE. THESE PAYMENTS ARE MADE ON A CASE-BY-CASE BASIS.

PART II:

SALARIES ARE DETERMINED AFTER REVIEWING THE SALARIES OF SIMILAR POSITIONS ACROSS THE SPORTS LANDSCAPE TO ENSURE THEY ARE FAIR AND COMPARABLE WITHIN THE LABOR MARKET, WHILE ALSO TAKING INTO CONSIDERATION THE JOB RESPONSIBILITIES REQUIRED AND PAST EXPERIENCE AN INDIVIDUAL HAS IN THE SPECIFIC ROLE. BASE COMPENSATION FOR MNT AND WNT PLAYERS IN CALENDAR YEAR 2022 INCLUDES RETROACTIVE COMPENSATION WHILE WORKING UNDER AN EXPIRED CBA. THE MNT CBA WAS EXPIRED FOR 41 MONTHS FROM JANUARY 2019 TO MAY 2022 AND THE WNT CBA WAS EXPIRED FOR 5 MONTHS FROM JANUARY 2022 TO MAY 2022. NEW CBAS FOR BOTH THE MNT AND WNT WERE SIGNED AND MADE EFFECTIVE AS OF JUNE 1, 2022.