It is the purpose of this policy to ensure consistent conduct and the application of proper internal controls to safeguard the assets of American Youth Soccer Organization (AYSO) while performing the duties and obligations as described in its Bylaws, Policies, Procedures, and Rules & Regulations.
Unlike many other non-profit youth sports organizations, AYSO is a single corporation – one legal entity – and each Section, Area, and Region is a component of this corporation. Hence the assets of each Region (its bank accounts, savings accounts, development funds, equipment, etc.), as well as the liabilities (bills, leases, lawsuits, etc.), belong to the entire AYSO organization.
To this end, all funds raised and dispersed must be managed in such a way that AYSO does not assume unreasonable financial risks and the tax‐exempt status enjoyed by AYSO will not be endangered. The provisions of this policy are included so that all of AYSO will conform to current Internal Revenue Service and Federal Government Regulations and other applicable law.
