Takeaways from U.S. Soccer tax filing: 2016 Copa Centenario is windfall

U.S. Soccer recently filed its income tax form 990 for the fiscal year ending March 31, 2017. As usual, it contained lots of insights into the federation's business.

Copa Centenario boost. Program revenues went down from $122.6 million in 2016 to $97 million in 2017 but net revenues increased from $16.6 million to $46 million thanks to a payment of $50 million from the 2016 Copa Centenario organizing committee. That left the federation with net assets of $149 million, up from $98 million a year earlier.

Looking ahead ...

That amount will only grow. For fiscal year 2018, U.S. Soccer budgeted a deficit of $1.9 million, but it now expects to finish with a surplus of $24.6 million in part because of another $15 million from the 2016 Copa Centenario organizing committee.

U.S. Soccer's budget, which was approved at the 2018 National Council in Orlando, has a projected deficit of $13.2 million. (The largest increases in spending are on coaching education and high performance.)

Highest earners. U.S. Soccer had two men's national team coaches during the 2016 fiscal year, and both of them -- Jurgen Klinsmann ($3.3 million) and Bruce Arena ($400,000) -- made more in compensation than women's national team coach Jill Ellis ($271,060). Six federation executives and its chief medical officer also made more than Ellis did.

SUM payment. U.S. Soccer received $26,250,000 from SUM. The rest of the amounts of sponsorship and royalties in the total from $48.9 million came from its equipment deal with Nike.
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