Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of United States Soccer Foundation, Inc. (the Foundation) under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Foundation.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Foundation uses a provisional indirect cost rate of 39.84% approved by the U.S. Department of Justice. Therefore, the Foundation elected not to use the de minimis indirect cost rate, which is allowed under the Uniform Guidance.