## **SPIRIT OF SOCCER, INC.** 

_FINANCIAL STATEMENTS_ 

_APRIL l, 2024_ - _MARCH 31, 2025_ 



## **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, 2024, and the related statement of revenues, expenses, and changes in net assets - cash basis for the period running April 1, 2024 to March 31, 2025. 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, 2026 



## **SPIRIT OF SOCCER, INC.** 

Johnstown, Pennsylvania 

## **STATEMENT OF REVENUES, EXPENSES AND CHANGES** 

## **IN NET ASSETS** - **CASH BASIS** - **US Dollars** 

For period ending March 31, 2025 

## **ASSETS** 

CURRENT ASSETS Cash ~~$~~ 328,734 TOTAL CURRENT ASSETS 328,734 **LIABILITIES AND NET ASSETS** NET ASSETS Unrestricted Net Assets 328,734 TOTAL NET ASSETS 328,734 **TOTAL LIABILITIES AND NET ASSETS** ~~**328,734**~~ 

## **LIABILITIES AND NET ASSETS** 



## **SPIRIT OF SOCCER, INC.** 

Johnstown, Pennsylvania 

## **STATEMENT OF REVENUES, EXPENSES AND CHANGES** 

**IN NET ASSETS** - **CASH BASIS** - **US Dollars** 

For period ending March 31, 2025 

## **REVENUES** 

|**REVENUES**||||
|---|---|---|---|
|U.S.Department of State Grants|$||2,020,000|
|Other Grants & Contributions|||36,618|
|**TOTAL REVENUES**||||
||||**$2,056,618**|
|**EXPENSES**||||
|Program Services||$|1,822,017|
|Management and General|||119,824|
|**TOTAL EXPENSES**||$|**1,941,841**|
|**CHANGE IN NET ASSETS                                          114,777**||||
|Net Assets, March 31, 2024||213,957||
|Net Assets, March 31, 2025||328,734||





## **SPIRIT OF SOCCER, INC.** 

Johnstown, Pennsylvania 

## **STATEMENT OF REVENUES, EXPENSES AND CHANGES** 

**IN NET ASSETS** - **CASH BASIS** - **POUNDS** 

For period ending March 31, 2025 

## **ASSETS** 

CURRENT ASSETS Cash 210,928 TOTAL CURRENT ASSETS 210,928 

## **LIABILITIES AND NET ASSETS** 

NET ASSETS 

Unrestricted Net Assets 210,928 TOTAL NET ASSETS 210,928 **TOTAL LIABILITIES AND NET ASSETS 210,928** 



## **SPIRIT OF SOCCER, INC.** 

Johnstown, Pennsylvania 

## **STATEMENT OF REVENUES, EXPENSES AND CHANGES** 

## **IN NET ASSETS** - **CASH BASIS** - **POUNDS** 

For period ending March 31, 2025 

## **REVENUES** 

|**REVENUES**|||
|---|---|---|
|U.S. Department of State Grants|$|1,474,600|
|Other Grants & Contributions||26,731|
|**TOTAL REVENUES**|$|**$1,501,331**|
|**EXPENSES**|||
|Program Services|$|1,330,054|
|Management and General||87,481|
|**TOTAL EXPENSES**|$|**1,417,535**|
|**CHANGE IN NET ASSETS**|**83,796**||
|Net Assets, March 31, 2024|127,132||
|Net Assets, March 31, 2025|210,928||