Mcfarland Soccer Club

“In february 2024, the organization identified a significant diversion of assets involving a disqualified person who fraudulently misappropriated $264,572 from 2019 through february 2024. The diversion was discovered through an internal audit initiated in response to unusual financial discrepancies. Upon discovery, the organization immediately notified local law enforcement and terminated the individual's employment. In august 2024, the individual was charged and convicted of theft by the state of wisconsin and ordered by the court to pay restitution to the organization. To prevent future occurrences, the organization has strengthened its internal controls and implemented enhanced oversight and review procedures. The organization remains committed to ensuring compliance with irs regulations and safeguarding its assets in furtherance of its charitable mission.”

“Membership is open to anyone who has paid an annual registration fee as determined and announced by the governing body of the mcfarland soccer club (msc). Each family with a player shall count as one member and have one vote in matters decided at the annual meeting.”

“The officers of the msc will consist of the board of directors which will consist of msc members who will be nominated for and voted for by current club members. Every eligible member can cast one ballot for each position.”

“All members of the board of directors are provided with a copy of the form 990 for review before it is filed. The president reviews and approves the return before filing.”

“The mcfarland soccer club belongs to maysa (the madison area youth soccer association). We comply with all policies of maysa and its governing body, wysa (the wisconsin youth soccer association). Per maysa, each year, following the election of directors, each director shall complete and fully disclose any conflicts of interest and use discretion in abstaining from decisions and votes related to such conflicts of interest. For this reason,it is generally recommended (though not prohibited) that directors not hold similar roles within maysa-affiliated clubs.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Coach fees: program service expenses 113,059. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,059. Referee fees: program service expenses 20,036. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,036. Academy assistant coach fees: program service expenses 1,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,200.”