2026-06-09T18:25:28-04:00 2025-07-31 274361587 THE ACCOUNTING FIRM INC 3300 N BUTLER AVE FARMINGTON NM 87401 990EZ 2024-08-01 850294279 FOUR CORNERS YOUTH SOCCER LEAGUE FOUR 5055922569 PO BOX 2496 FARMINGTON NM 87499 MIKAEL SATINI TREASURER 7146124172 2026-06-09 false MICHAEL SCHIRER CPA P01287532 5053250074 2026-06-09 2024 2025-03-06 01:10:19Z X X HTTPS://WWW.FCYSL.SOCCER/ X X 154958 X 9506 141056 4396 154958 24648 1808 133433 159889 -4931 140074 135143 X 138752 134376 1322 767 140074 135143 140074 135143 X PROVIDE MULTIPLE SOCCER ACTIVITIES FOR YOUTH OF SAN JUAN COUNTY AND SURROUNDING AREAS PROVIDE MULTIPLE SOCCER ACTIVITIES FOR YOUTH OF SAN JUAN COUNTY AND SURROUNDING AREAS 159333 PROVIDE MULTIPLE SOCCER ACTIVITIES FOR YOUTH OF SAN JUAN COUNTY AND SURROUNDING AREAS 556 159889 BRYAN BANRY CHAIRMAN 5.00 0 MICHELLE WALDEN VICE CHAIRMA 5.00 0 MIKAEL SATINI TREASURER 10.00 0 false false false false false false false false false THE ACCOUNTING FIRM INC 3300 NORTH BUTLER SUITE 100 FARMINGTON NM 87401 5053250074 false false false false false false false false false false false NONE NONE true X 5101 9506 14607 5101 9506 14607 14607 14607 146467 1.00000 1.00000 X FORM 990-EZ DURING THE TAX YEAR, THE ORGANIZATION BECAME AWARE OF A SIGNIFICANT DIVERSION OF ASSETS RESULTING FROM UNAUTHORIZED TRANSACTIONS OCCURING OVER MULTIPLE YEARS. BASED ON INFORMATION AVAILABLE AS OF THE FILING DATE, THE TOTAL AMOUNT IDENTIFIED IS APPROXIMATELY 121,543.70. AS PART OF THE ORGANIZATIONS INVESTIGATION AND RECONCILIATION PROCESS, VERIFIED BANK RECORDS WERE OBTAINED AND COMPARED TO THE ACCOUNTING RECORDS MAINTAINED IN PRIOR YEARS. DURING THIS PROCESS, IT WAS DETERMINED THAT CERTAIN HISTORICAL BANK BALANCES PREVIOUSLY PROVIDED FOR ACCOUTING AND TAX REPORTING PURPOSES WERE INACCURATE. AS A RESULT, ADJUSTMENTS TOTALING 56,070.91 WERE RECORDED DURING THE CURRENT YEAR TO BRING THE ORGANIZATION'S ASSET ACCOUNTS INTO AGREEMENT WITH VERIFIED BANK BALANCES AND TO ACCURATELY REFLECT THE ORGANIZATION'S FINANCIAL POSITION. UPON DISCOVERY OF THE DIVERSION, THE ORGANIZATION IMPLEMENTED ENHANCED INTERNAL CONTROL PROCEDURES, INCLUDING STRICTER POLICIES GOVERNING CASH TRANSACTIONS, EXPANDED RECEIPT AND PURCHASE VERIFICATION REQUIREMENTS, AND INDEPENDANT VERIFICATION OF YEAR-END BANK BALANCES USED IN THE PREPARATION OF THE ORGANIZATIONS FINACIAL RECORDS AND ANNUAL INFORMATION RETURN. IN ADDITION, THE ORGANIZTION ELECTED NEW MEMBERS TO ITS BOARD OF DIRECTORS TO STRENGTHEN GOVERNANCE, OVERSIGHT, AND RESPONSIBILITY. THE MATTER HAS BEEN REFERRED TO THE APPROPRIATE STATE AUTHORITES, AND LITIGATION AND RECOVERY EFFORTS REMAIN ONGOING. AT THE TIME OF FILING, THE ORGANIZATION CANNOT REASONABLY DETERMINE WHETHER RESTITUION, OR INSURANCE PROCEEDS WILL BE RECEIVED, NOR CAN IT ESTIMATE THE AMOUNT OF ANY POTENTIAL RECOVERY. ANY AMOUNTS RECOVERED IN FUTURE PERIODS WILL BE RECOGNIZED IN ACCORDANCE WITH APPLICABLE ACCOUNTING AND TAX REPORTING REQUIREMENTS. THE ORGANIZATION'S BOARD CONTINUES TO MONITOR THE MATTER AND EVALUATE INTERNAL CONTROL PROCEDURES DESIGNED TO SAFEGUARD ORGANIZATIONAL ASSETS AND PREVENT SIMILAR OCCURRENCES IN THE FUTURE. FORM 990-EZ, PART I, LINE 16 EXPENSES OPERATING EXPENSE 3,850 BOOKS, SUBSCRIPTIONS 1,424 BANK CHARGES 105 MEALS 343 TEAM EXPENSES 593 REFEREE PAY 39,339 SUPPLIES 8,560 TRAVEL EXPENSES 3,760 TAX PREPARATION 1,510 TOURNAMENT FEES 13,997 ADVERTISING 74 PAYMENTS TO AFFILIATES 3,251 THEFT 56,071 NON-INVESTMENT DEPRECIATION 556 TOTAL 133,433 FORM 990-EZ, PART II, LINE 24 141,334 141,334 LESS ACCUMULATED DEPRECIATION 140,012 140,567 TOTAL 1,322 767 FORM 990-EZ, PART III PROVIDE MULTIPLE SOCCER ACTIVITIES FOR YOUTH OF SAN JUAN COUNTY AND SURROUNDING AREAS FORM 990-EZ, PART III, LINE 31 PROVIDE MULTIPLE SOCCER ACTIVITIES FOR YOUTH OF SAN JUAN COUNTY AND SURROUNDING AREAS