ABOUT THE FINANCIALS OF SOUTH GATE YOUTH FOOTBALL & CHEERLEADING, INC. (SGYF) is a non-profit corporation and is budgeted solely to operate on a ‘break-even’ basis by the end of each year. We are dedicated to providing the highest quality recreational football and cheerleading program at the ‘lowest cost’ possible!* The funds to maintain this goal are derived from player-cheerleader participation fees and organization fund-raisers, such as; fireworks campaign, snack bar operations at practices and Saturday home games, and direct donations from our business community. Our expenses every year include, but not necessarily limited to the following: [1] replacing player uniforms and equipment as needed, [2] replacement of coaching & team training equipment, medical kits, [3] reconditioning (cleaning & sanitation) and re-certification of existing helmet and shoulder pad inventory, [4] replacing football helmet & shoulder pad inventory, [5] Conference Fee to (parent organization) for the cost of referees, national fees, supplies, and other conference requirements, [6] insurance coverage: general liability & secondary medical for participants, [7] field and facility use throughout the year, [8] year-end trophies, scholastic and other awards of participation recognition, [9] snack bar operations & supplies, [10] general administrative expenses for registration materials, advertising, communications, team, training, team equipment, etc., and, in 2021 the added cost of PPE due to Covid-19 compliance and AB-1 the California Youth Football Act.
SINCE 2021: In order for us to meet the financial increase in the area of uniforms, equipment, recon, league/referee fees, and the added budget of meeting the needs of California State Legislature AB-1 and the "Return To Play" requirements of Covid-19, we needed to adjust our income budget...In 2021-2023 we had to institute required fundraisers into the fee schedule. In 2024, we have folded the additional fundraising costs into the whole of the registration/participation fee.
2020: There were no financials filed due to no income because of a suspended season. Our last financial reports are posted below for 2022; we will always be a year behind in posting our annual financial reports because we do not file our returns until November of the following year once the Governing Board has reviewed and approved.
2022: Our income & expenses increased in 2022 with the acquisition of additional football teams coming from 1-flag and 4-tackle teams in 2021 to a total of 7-teams: 1-flag and 6-tackle in 2022.
2023: Double teams in 10U & 12U continued to increase our income & expenses.
2024: A board-approved switch from OCJAAF Conference to SCEYFL-AAU Conference was made. An increase in our participant fee schedule was necessary to cover AAU national membership costs as well as an increase in league fees. Our division teams went down to a total of 5-teams: 1-Flag, 4-Tackle teams.
A TYPICAL ANNUAL FINANCIAL REPORT (INCOME & EXPENSE GRAPHS)
Executive Board Approved Financial Reports on 01/06/2024:
2022 INCOME & EXPENSE GRAPHS
