SPIRIT OF SOCCER, INC.
FINANCIAL STATEMENTS
APRIL l, 2023 - MARCH 31, 2024
CONTENTS
Compilation Report........................................................................................................................ 1 Statement of Assets, Liabilities and Net Assets - Cash Basis US Dollars ...................................................................................................................................... 2 Statement of Revenues, Expenses and Changes in Net Assets - Cash Basis, US Dollars ....................................................................................................................3 Statement of Assets, Liabilities and Net Assets - Cash Basis Pounds ........................................................................................................................ 4 Statement of Revenues, Expenses and Changes in Net Assets - Cash Basis Pounds .........................................................................................................................5 Notes . .................................................................................................................................................. 6
Spirit of Soccer, Inc.
Spirit of Soccer, Inc. Johnstown, Pennsylvania
I have compiled the accompanying statement of assets, liabilities and net assets - cash basis of Spirit of Soccer, Inc. as of March 31, 2023, and the related statement of revenues, expenses, and changes in net assets - cash basis for the period running April 1, 2023 to March 31, 2024. The statements have been prepared on the cash basis of accounting, which is a comprehensive basis of accounting other than generally accepting accounting principles.
A compilation is limited to present in the form of financial statements information that is the representation of management.
Laurie Helsel Independent Financial Advisor
January 17, 2025
SPIRIT OF SOCCER, INC.
Johnstown, Pennsylvania
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN NET ASSETS - CASH BASIS - US Dollars
For period ending March 31, 2024
ASSETS
CURRENT ASSETS Cash ~~$~~ 343,997 TOTAL CURRENT ASSETS 343,997 LIABILITIES AND NET ASSETS NET ASSETS Unrestricted Net Assets 343,997 TOTAL NET ASSETS ~~343,997~~ TOTAL LIABILITIES AND NET ASSETS ~~343,997~~
SPIRIT OF SOCCER, INC.
Johnstown, Pennsylvania
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN NET ASSETS - CASH BASIS - US Dollars
For period ending March 31, 2024
REVENUES
| U.S.Department of State Grants $ Other Grants & Contributions TOTAL REVENUES EXPENSES Program Services Management and General TOTAL EXPENSES CHANGE IN NET ASSETS 12,579 Net Assets, March 31, 2023 Net Assets, March 31, 2024 |
1,751,500 85,431 $1,836,931 $ 1,688,628 135,724 $ 1,824,352 201,378 213,957 |
|---|---|
SPIRIT OF SOCCER, INC.
Johnstown, Pennsylvania
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN NET ASSETS - CASH BASIS - POUNDS
For period ending March 31, 2024
ASSETS
CURRENT ASSETS
Cash 272,596 TOTAL CURRENT ASSETS 272,596
LIABILITIES AND NET ASSETS
NET ASSETS
Unrestricted Net Assets 272,596 TOTAL NET ASSETS 272,596 TOTAL LIABILITIES AND NET ASSETS 272,596
SPIRIT OF SOCCER, INC.
Johnstown, Pennsylvania
STATEMENT OF REVENUES, EXPENSES AND CHANGES
IN NET ASSETS - CASH BASIS - POUNDS
For period ending March 31, 2024
REVENUES
| REVENUES | |||
|---|---|---|---|
| U.S. Department of State Grants | $ | 1,387,681 | |
| Other Grants & Contributions | 67,687 | ||
| TOTAL REVENUES | $ | $1,455,368 | |
| EXPENSES | |||
| Program Services | $ | 1,337,898 | |
| Management and General | 107,540 | ||
| TOTAL EXPENSES | $ | 1,445,438 | |
| CHANGE IN NET ASSETS | 9,930 | ||
| Net Assets, March 31, 2023 | 117,202 | ||
| Net Assets, March 31, 2024 | 127,132 |