Independent Auditor’s Report
To the Board of Directors
United States Soccer Federation Foundation, Inc.
Washington, D.C.
We have audited the accompanying balance sheet of the United States Soccer Federation Foundation, Inc. as of June 30, 2005, and the related statements of activities and cash flows for the year then ended. These financial statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of the United States Soccer Federation Foundation, Inc. for the year ended June 30, 2004, were audited by other auditors whose report, dated September 3, 2004, expressed an unqualified opinion on those statements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the 2005 financial statements referred to above present fairly, in all material respects, the financial position of the United States Soccer Federation Foundation, Inc. as of June 30, 2005, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.
McGladrey & Pullen, LLP
Alexandria, Virginia
August 26, 2005
Full 2005 Financial Report (pdf)
2004 Financial Report (pdf)
