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.
2022 FINANCIAL REPORTS (INCOME & EXPENSE GRAPHS)
Executive Board Approved Financial Reports on 01/06/2024:
2022 INCOME & EXPENSE GRAPHS
