Tax season is almost upon us, and for those of you who dig deferred revenue and amortization, the U.S. Soccer Federation’s exhaustive 990 form covering April 2011 through March 2012 is now available for public inspection.
(All the financials from the past seven years are available here.)
A few highlights from the most recent documents:
The federation reported $56.5 million in revenue and $59.6 million in expenses for a shortfall of $3.1 million. The previous year, which included the 2010 World Cup, revenue was $67.3 million and expenses were $65 million for a $2.3 million gain.
Dan Flynn, the USSF’s chief executive and secretary general, earned $611,478. USSF President Sunil Gulati did not receive a cent; it’s an unpaid position. Expenses on federation business, however, are covered.
Juergen Klinsmann, the men’s national team coach, collected $1,047,172 — a portion of his $2.5 million salary. He was hired late in the summer of 2011. Klinsmann’s contract runs through Aug. 31, 2014.
His predecessor, Bob Bradley, was fired July 28, 2011 — four months into the tax period — but because his contract ran until the end of the year, he received $872,658. The previous year, Bradley pocketed $942,000.
Pia Sundhage, the women’s coach for the entire tax period, including the 2011 Women’s World Cup, earned $299,190. Because her successor, Tom Sermanni, was a recent hire, terms of his contract through public records won’t be available for several months. It’s safe to assume his pay scale is comparable to Sundhage’s.
Thomas Rongen, the under-20 men’s coach, was fired in May 2011, but because his contract was good through the end of the year, he claimed $159,219.
Nothing new here but worth repeating: The USSF receives $8.5 million annually from Soccer United Marketing, a division of MLS, in exchange for the federation’s marketing rights. SUM keeps the revenue generated through the arrangement, except from Nike, which last year directly compensated the federation for $12.6 million in funding and equipment. The USSF’s contracts with both SUM and Nike run through the end of 2014.