New Jersey State Youth Soccer Association

“The membership of the njysa shall consist of affiliated leagues, clubs, players, coaches, trainers, managers, officials and administrators not subject to suspension under section 4 of us soccer bylaw 241, and to any amateur soccer organizations in the state of new jersey.”

“All certified delegates (i.e. Executive committee, leagues and member clubs) of njysa shall be given one vote at the annual general meeting.”

“The initial review of the 990 will be completed by the director, finance and administration. If there are no questions and concerns that need to be addressed with the audit firm, an additional review will be completed by the treasurer and ceo. Final review to be completed by the president. Once the final review is completed, it will be filed and a copy will be available to all board members as requested.”

“Nj youth soccer has established a conflict of interest policy that covers disqualified persons of the organization including but not limited to senior members of the staff and the members of the board of directors, their family members and entities controlled by them (more than 35%). In connection with any actual or potential conflict of interest, a representative must disclose the existence of the financial interest in a conflict of interest disclosure statement. If a representative is a disqualified person, he or she must disclose all material facts to the directors prior to engaging in the proposed transaction or arrangement. If the representative is in a position to vote on, or otherwise participates in the decision with respect to, the conflict of interest transaction, he or she shall abstain from any such vote or participation. It shall be the responsibility of the decision- making authority or body to properly record in the minutes of any discussion regarding a conflict of interest transaction the name of the person who discloses the conflict of interest, the nature of the conflict of interest, and documentation of the comparability data (i.e. Industry surveys, compensation studies, competitive bids, etc.), if any, used in determining whether nj youth soccer should enter into the transaction. Each representative shall annually sign a conflict-of-interest disclosure statement.”

“Any changes that are to be made to the compensation of the ceo are reviewed directly by the president and is done so on an annual basis during our merit increase process. When the review is completed, and if the changes have been supported and approved, the director of finance and administration is notified directly of said changes.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“In 2024, njysa restated its 2023 financial statements in order to properly reflect the assets, liabilities and change in net assets for the year ended august 31, 2023. During the year ended august 31, 2024, njysa determined the lease standard was not adopted and certain contributions were not properly recognized in the correct fiscal year. In addition, njysa determined certain funds were improperly classified as without donor restricted net assets. This resulted in a prior period adjustment of $386,457.”