2024-11-15T15:51:08-06:00 2023-12-31 362153731 CHAPMAN AND CUTLER LLP 320 S CANAL STREET FLOOR 27 CHICAGO IL 60606 990 2023-01-01 980132529 FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION FEDE 3128453443 FIFA-STRASSE 20 ZURICH ZURICH SZ 8044 THOMAS PEYER CHIEF FINANCIAL OFFICER 3128453443 2024-11-15 0 1 REBECCA WALLENFELSZ P00050386 3128453443 2023 2024-10-15 13:58:12Z FIFA FATMA SAMOURA FIFA-STRASSE 20 ZURICH ZURICH SZ 8044 1438962816 0 X WWW.FIFA.COM X 1904 SZ THE OBJECTIVES OF FIFA ARE TO IMPROVE THE GAME OF FOOTBALL CONSTANTLY AND PROMOTE IT GLOBALLY IN THE LIGHT OF ITS UNIFYING, EDUCATIONAL, CULTURAL AND HUMANITARIAN VALUES, PARTICULARLY THROUGH YOUTH AND DEVELOPMENT PROGRAMS. 36 36 953 0 0 0 0 0 4653273837 904312946 138570978 269313552 1115938978 265336318 5907783793 1438962816 0 0 0 0 222661006 226168802 0 0 0 3317239934 1603331604 3539900940 1829500406 2367882853 -390537590 6795543010 5490354194 2824283011 1925662969 3971259999 3564691225 X THE OBJECTIVES OF FIFA ARE TO IMPROVE THE GAME OF FOOTBALL CONSTANTLY AND PROMOTE IT GLOBALLY IN THE LIGHT OF ITS UNIFYING, EDUCATIONAL, CULTURAL AND HUMANITARIAN VALUES, PARTICULARLY THROUGH YOUTH AND DEVELOPMENT PROGRAMS. 0 0 746621620 904312946 COMPETITION & EVENTS:COMPETITION & EVENTS EXPENSES ARE THE OUTFLOW OF ECONOMIC BENEFITS THAT ARISE IN THE ORDINARY ACTIVITY OF ORGANIZING AN EVENT. INCURRED COSTS RELATED TO FUTURE FIFA EVENTS AND OTHER FIFA EVENTS ARE DEFERRED AND RECOGNIZED IN PROFIT OR LOSS IN THE PERIOD IN WHICH THE EVENT TAKES PLACE. IN 2023, THE FOLLOWING MAIN FIFA EVENTS TOOK PLACE:CLUB WORLD CUP MOROCCO 2022, CLUB WORLD CUP SAUDI ARABIA 2023, U-20 WORLD CUP ARGENTINA 2023, U-17 WORLD CUP INDONESIA 2023, THE BEST FIFA FOOTBALL AWARDS 2022, WOMEN'S WORLD CUP AUSTRALIA AND NEW ZEALAND 2023 681618377 DEVELOPMENT & EDUCATION:DEVELOPMENT & EDUCATION COMPRISES THE FUNDING OF THE FIFA FORWARD PROGRAM, WHICH SUPPORTS EACH OF FIFA'S MEMBER ASSOCIATIONS, THE SIX CONFEDERATIONS AND THE 13 ZONAL/REGIONAL ASSOCIATIONS. INCLUDED ARE ALSO COSTS RELATED TO OTHER DEVELOPMENT EDUCATION PROGRAMS - TECHNICAL DEVELOPMENT PROGRAMS, REFEREEING ASSISTANCE PROGRAM, WOMEN'S FOOTBALL PROMOTION, EDUCATION, MEDICINE AND SCIENCE, FIFA FOUNDATION, AUDIT AND FINANCIAL EDUCATION, SUSTAINABLE HUMAN RIGHTS AND ANTI-DISCRIMINATION, FIFA FOOTBALL MUSEUM, AND OTHER MISCELLANEOUS. 265336318 265336318 1428239997 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 X 0 0 1 953 0 0 1 SZ BR NO RS QA IN 0 0 0 0 0 0 0 0 X 36 36 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 X GONZALO URBANO FIFA 3128453443 FIFA-STRASSE 20 ZURICH ZURICH SZ 8044 X SHK SALMAN BIN EBRAHAM AL KHALIFA SENIOR VICE PRESIDENT 0.00 X 0 0 393000 ALEJANDRO DOMINQUEZ VICE PRESIDENT 0.00 X 0 0 393000 ALEKSANDER CEFERIN VICE PRESIDENT 0.00 X 0 0 393000 SANDOR CSANYI VICE PRESIDENT 0.00 X 0 0 325000 HANY ABO RIDA MEMBER 0.00 X 0 0 325000 KHOZO TASHIMA MEMBER 0.00 X 0 0 325000 LUIS HERNANDEZ MEMBER 0.00 X 0 0 325000 MARIA SOL MUNOZ ALTAMIRANO MEMBER 0.00 X 0 0 325000 EVELINA CHRISTILLIN MEMBER 0.00 X 0 0 325000 RAMON JESURUN MEMBER 0.00 X 0 0 325000 DEJAN SAVICEVIC MEMBER 0.00 X 0 0 325000 MARIANO ARANETA MEMBER 0.00 X 0 0 325000 GEORGIOS KOUMAS MEMBER 0.00 X 0 0 325000 JOHANNA WOOD MEMBER 0.00 X 0 0 325000 RAJESH PATEL MEMBER 0.00 X 0 0 325000 IGNACIO ALONSO MEMBER 0.00 X 0 0 325000 FOUZI LEKJAA MEMBER 0.00 X 0 0 325000 MAMOUTOU TOURE MEMBER 0.00 X 0 0 325000 MATHURIN DE CHACUS MEMBER 0.00 X 0 0 325000 AMAJU PINNICK MEMBER 0.00 X 0 0 325000 ISHA JOHANSEN MEMBER 0.00 X 0 0 325000 RAZVAN BURLEANU MEMBER 0.00 X 0 0 325000 YON DE LUISA MEMBER 0.00 X 0 0 325000 MUKUL MUDGAL CHAIRPERSON GOVERNANCE AND 0.00 X 0 0 250000 MARTIN NGOGA CHAIRPERSON ETHICS-INVESTI 0.00 X 0 0 250000 VASSILIOS SKOURIS CHAIRPERSON ADJUDICATORY C 0.00 X 0 0 215000 JORGE PALACIO CHAIRPERSON DISCIPLINARY C 0.00 X 0 0 160000 NEIL EGGLESTON CHAIRPERSON APPEAL COMMITT 0.00 X 0 0 160000 THOMAS BODSTROM DEPUTY CHAIRPERSON APPEAL 0.00 X 0 0 26000 PIERLUIGI COLLINA CHAIRPERSON REFEREE COMMIT 0.00 X 0 0 215000 JAVIER VIJANDE PENAS CHAIRPERSON PLAYER'S STATU 0.00 X 0 0 53000 FRANS DE WEGER CHAIRPERSON DISPUTE RESOLU 0.00 X 0 0 160000 CHRISTOPHER MIHM DEPUTY CHAIRPERSON GOVERNA 0.00 X 0 0 75000 BRUNO DE VITA DEPUTY CHAIRPERSON ETHICS 0.00 X 0 0 75000 PARUSURAMAN SUBRAMANIAM DEPUTY CHAIRPERSON ETHICS 0.00 X 0 0 75000 MARIA CLAUDIA ROJAS DEPUTY CHAIRPERSON ADJUDIC 0.00 X 0 0 53000 FITI SUNIA DEPUTY CHAIRPERSON ADJUDIC 0.00 X 0 0 53000 ANIN YEBOAH DEPUTY CHAIRPERSON DISCIPL 0.00 X 0 0 26000 LYDIA NSEKERA DEPUTY CHAIRPERSON DEVELOP 0.00 X 0 0 26000 SANDRA FRUEAN DEPUTY CHAIRPERSON FINANCE 0.00 X 0 0 26000 HANY TALEB AL-RAEESI DEPUTY CHAIRPERSON REFEREE 0.00 X 0 0 7500 SARAH OCHWADA DEPUTY CHAIRPERSON PLAYERS 0.00 X 0 0 15000 LIVIA DENISE SILVA KAGI DEPUTY CHAIRPERSON DISPUTE 0.00 X 0 0 75000 HELMO GALLAUN-SCHIRGI CHIEF OPPERATING OFFICER WORLD CUP 0.00 X 0 0 0 HAJI HAMIDIN BIN HAJI MOHD AMIN MEMBER 0.00 X 0 0 325000 SHK HAMAD KHALIFA AL THANI MEMBER 0.00 X 0 0 325000 YASSER ALMISEHAL MEMBER 0.00 X 0 0 325000 KANYA KEOMANY MEMBER 0.00 X 0 0 325000 RODOLFO VILLALOBOS MEMBER 0.00 X 0 0 325000 EDNALDO RODRIGUES MEMBER 0.00 X 0 0 325000 FERNANDO GOMES MEMBER 0.00 X 0 0 325000 BERND NEUENDORT MEMBER 0.00 X 0 0 325000 VICTOR MONATAGLIANI VICE PRESIDENT 0.00 X 0 0 393000 LAMBERT MALTOCK VICE PRESIDENT 0.00 X 0 0 393000 PATRICE MOTSEPE VICE PRESIDENT 0.00 X 0 0 393000 SONIA FULFORD MEMBER 0.00 X 0 0 325000 DEBBIE HEWITT MEMBER 0.00 X 0 0 325000 MARTIN AULETTA DEPUTY CHAIRPERSON DISPUTE RESOLUTION CHAMBER 0.00 X 0 0 75000 BRIANNA QUINN CHAIRPERSON AGENTS CHAMBER 0.00 X 0 0 53000 PIERFILLIPPO CAPELLO DEPUTY CHAIRPERSON AGENTS CHAMBER 0.00 X 0 0 15000 ALASDAIR ROBERT MCKEE BELL DEPUTY SECRETARY GENERAL A 0.00 X 0 0 0 SARAI BAREMAN CHIEF WOMEN'S FOOTBALL OFF 0.00 X 0 0 0 EMILIO GARCIA SILVERO CHIEF LEGAL & COMPLIANCE O 0.00 X 0 0 0 MATTHIAS GRAFSTROM DEPUTY SECRETARY GENERAL 0.00 X 0 0 0 KIMBERLY MORRIS CHIEF PEOPLE, TECHOLOGY & 0.00 X 0 0 0 THOMAS PEYER CHIEF FINANCE OFFICER 0.00 X 0 0 0 ARSENE WENGER CHIEF GLOBAL FOOTBALL DEVE 0.00 X 0 0 0 KENNY JEAN-MARIE CHIEF MEMBER ASSOCIATION O 0.00 X 0 0 0 ROMOLO MARIA GAI CHIEF COMMERICAL OFFICER 0.00 X 0 0 0 GIANNI INFANTINO PRESIDENT 40.00 X 4137710 0 0 FATMA SAMOURA SECRETARY GENERAL 40.00 X 1924000 0 0 6061710 0 14246500 2 0 1 0 0 X ROYALTIES - MARKETING RIGHTS 900099 455916031 455916031 ROYALTIES - BROADCASTING RIGHTS 900099 267219986 267219986 ROYALTIES - LICENSING RIGHTS 900099 181176929 181176929 904312946 269313552 269313552 ALL OTHER REVENUE 900099 265336318 265336318 265336318 1438962816 1169649264 0 269313552 X 33956418 33956418 192212384 100146765 92065619 4631000 4631000 34533837 28866175 5667662 COMPETITIONS & EVENTS 685387573 685387573 DEVELOPMENT & EDUCATION 613839484 613839484 FIFA GOVERNANCE & ADMIN 118895622 118895622 ALL OTHER EXPENSES 110996525 110996525 35047563 35047563 1829500406 1428239997 401260409 0 X 1021657912 255677262 686444850 136247000 357849825 220945626 991766 36549434 372787793 192895659 662010143 389533058 272834744 272477085 4036424241 4340891224 18822129 12096554 27729750 22574350 6795543010 5490354194 2456177970 1381516288 265135129 462918557 102969912 81228124 2824283011 1925662969 X 4104017 4104017 0 0 3967155982 3560587208 3971259999 3564691225 6795543010 5490354194 X -390537590 -16031184 X X 0 1 X 1 0 14275952 14275952 434277354 309439732 124837622 52481837 44571326 7910511 160975000 35522000 125453000 272477085 FOREIGN CURRENCY DERIVATIVES 81228124 81228124 1438962816 0 1438962816 0 1438962816 1829500406 0 1829500406 0 1829500406 1 AUSTRALIA & NEW ZEALAND 0 0 WOMAN'S WORLD CUP 498721232 MOROCCO 0 0 CLUB WORLD CUP 2022 25794978 SAUDI ARABIA 0 0 CLUB WORLD CUP 2023 24037121 ARGENTINA 0 0 U-20 WORLD CUP 34396944 INDONESIA 0 0 U-17 WORLD CUP 17158790 FRANCE 0 0 BEST FIFA FOOTBALL AWARD 13079050 FIFA SUPPORTS ACTIVITIES IN OTHER JURISDICTIONS WITH SMALLER AMOUNTS 0 0 0 0 0 0 0 0 613188115 0 613188115 0 0 1 0 0 1 SCHEDULE F, PART I, LINE 2 EXAMPLES: FIFA FORWARD 2.0: WITH FIFA 2.0 EACH MEMBER ASSOCIATION IS GUARANTEED FINANCIAL SUPPORT OF UP TO USD 1.25 MILLION PER YEAR, OR A TOTAL OF USD 5 MILLION OVER A FOUR-YEAR CYCLE, TO COVER OPERATIONAL COSTS AND DEVELOPMENT FUNDING. EVERY MEMBER ASSOCIATION IS NOW ABLE TO PLAN AND IMPLEMENT A LONG-TERM FOOTBALL DEVELOPMENT POLICY WITH CERTAINTY AND CONFIDENCE THANKS TO FIFA'S SUBSTANTIAL FINANCIAL SUPPORT. IN 2023, EXPENDITURES RELATED TO FIFA FORWARD FOR THE MEMBER ASSOCIATIONS, ZONAL/REGIONAL ASSOCIATIONS, CONFEDERATIONS, TRAVEL AND EQUIPMENT AND OTHER FOOTBALL ASSOCIATIONS AS WELL AS FOR THE FIFA FOOTBALL DEVELOPMENT FUND TOTALED USD 469.5 MILLION. THIS AMOUNT ALSO INCLUDES THE REMAINING AVAILABLE FUNDS FROM THE FIFA FORWARD PROGRAM FOR THE 2019-2022 CYCLE (FORWARD 2.0), WHICH WERE FULLY RECOGNIZED AT THE END OF THE CYCLE. TOTAL EXPENDITURES FOR THE 2019-2022 CYCLE AMOUNTED TO USD 1,746 MILLION AND THE TOTAL INVESTMENT SINCE THE LAUNCH OF THE FORWARD PROGRAM IN 2016 AMOUNTED TO USD 2,824.6 MILLION. THERE ARE OTHER PROGRAMS LIKE TECHNICAL DEVELOPMENT PROGRAMS; REFEREEING, WOMEN'S FOOTBALL PROMOTION, EDUCATION, MEDICINE AND SCIENCE, SOLIDARITY PROJECTS OR SUSTAINABILITY, HUMAN RIGHTS AND ANTI-DISCRIMINATION PROJECT WHICH ARE FINANCED BY FIFA AND BENEFIT A MULITITUDE OF ORGANIZATIONS. SUBSTANTIALLY ALL OF FIFA'S ACTIVITIES ARE LOCATED OUTSIDE THE UNITED STATES, SEE ALSO SCHEDULE O. INFORMATION ABOUT FIFA'S DEVELOPMENT ACTIVITIES MAY BE FOUND AT HTTPS://WWW.FIFA.COM/DEVELOPMENT/INDEX.HTML. A COUNTRY BY COUNTRY DISCUSSION OF COSTS OF THE FIFA FORWARD INITIATIVE IS PROVIDED IN THE ANNUAL REPORT STARTING ON PAGE 258. CONTINUED ON SCHEDULE O. SCHEDULE F, PART V GENERAL INFORMATION ABOUT FIFA - FIFA IS AN ASSOCIATION REGISTERED IN THE COMMERICAL REGISTER IN ACCORDANCE WITH ART. 60 FF. OF THE SWISS CIVIL CODE. FIFA HEADQUARTERS ARE LOCATED IN ZURICH SWITZERLAND AND MAY ONLY BE TRANSFERRED TO ANOTHER LOCATION FOLLOWING A RESOLUTION PASSED BY THE FIFA CONGRESS. THE OBJECTIVES OF FIFA ARE: - TO IMPROVE THE GAME OF FOOTBALL CONSTANTLY AND PROMOTE IT GLOBALLY IN THE LIGHT OF ITS UNIFYING, EDUCATIONAL, CULTURAL AND HUMANITARIAN VALUES, PARTICULARY THROUGH YOUTH AND DEVELOPMENT PROGRAMS; TO ORGANIZE ITS OWN INTERNATIONAL COMPETITIONS; TO DRAW UP REGULATIONS AND PROVISIONS AND ENSURE THEIR ENFORCEMENT; TO CONTROL EVERY TYPE OF ASSOCIATION FOOTBALL BY TAKING APPROPRIATE STEPS TO PREVENT INFRINGEMENTS OF THE STATUTES, REGULATIONS OR DECISIONS OF FIFA OR OF THE LAWS OF THE GAME; TO PROMOTE THE DEVELOPMENT OF WOMEN'S AND THE FULL PARTICIPATION OF WOMEN AT ALL LEVELS OF FOOTBALL GOVERNANCE; AND TO PROMOTE INTEGRITY, ETHICS AND FAIR PLAY WITH A VIEW TO PREVENTING ALL METHODS OR PRACTICES, SUCH AS CORRUPTION, DOPING OR MATCH MANIPULATION, WHICH MIGHT JEOPARDIZE THE INTEGRITY OF MATCHES, COMPETITIONS, PLAYERS, OFFICIALS AND MEMBER ASSOCIATIONS OR GIVE RISE TO ABUSE OF ASSOCIATION FOOTBALL. WITH ITS 211 AFFILIATED NATIONAL FOOTBALL ASSOCIATIONS, FIFA MAY ALSO BE CONSIDERED AS THE "UNITED NATIONS OF FOOTBALL". FIFA SUPPORTS THE ASSOCIATIONS FINANCIALLY AND LOGISTICALLY THROUGH VARIOUS PROGRAMS AND GRANTS THEM A NUMBER OF ATTRACTIVE RIGHTS AND PRIVILEGES. BUT THEY ALSO HAVE OBLIGATIONS. AS REPRESENTATIVES OF FIFA IN THEIR COUNTRIES, THEY MUST RESPECT THE STATUTES, AIMS AND IDEALS OF FOOTBALL'S GOVERNING BODY AND PROMOTE AND MANAGE OUR SPORT ACCORDINGLY. AS THE GOVERNING BODY OF ASSOCIATION FOOTBALL, FIFA'S ACTIVITY IS TO IMPROVE FOOTBALL GLOBALLY. FIFA ACTS ON A PROJECT BASIS RATHER THAN ON A GEOGRAPHICAL BASIS. THEREFORE, COSTS CANNOT BE ALLOCATED TO CERTAIN COUNTRIES. THE CONSOLIDATED INCOME STATEMENT FOR 2022 IS STRUCTURED IN SUCH A WAY THAT RECOGNIZES THE VARIOUS ELEMENTS IN THE SET-UP BEHIND FIFA'S ACTIVITIES. THE COSTS OF FIFA ACTIVITIES CAN BE ALLOCATED TO THE FOLLOWING THREE CATEGORIES: COMPETITION AND EVENTS: (A) ORGANIZATION OF FIFA WORLD CUP - COSTS RELATED TO THE FIFA WORLD CUP IN US, CANADA AND MEXICO WILL BE DEFERRED AND WILL BE RECOGNIZED IN THE PERIOD IN WHICH THE EVENT TAKES PLACE. (B) OTHER FIFA EVENTS FOR 2023 INCLUDE THE FIFA WOMEN'S WORLD CUP 2023, FIFA CLUB WORLD CUP MOROCCO 2022, THE FIFA CLUB WORLD CUP SAUDI ARABIA 2023, FIFA U-20 WORLD CUP ARGENTINA 2023, FIFA U-17 WORLD CUP INDONESIA 2023, INTERCONTINENTAL PLAY-OFF MATCHES, FIFA'S EFOOTBALL TOURNAMENTS AND THE BLUE STARS/FIFA YOUTH CUP. THE EXPENSES FOR OTHER FIFA EVENTS ARE RECOGNIZED IN THE YEAR IN WHICH THE EVENT TAKES PLACE, AND INCLUDE THE EVENT ORGANIZING COSTS, SUCH AS PROMOTION, PRODUCTION, PRIZE MONEY, ACCOMMODATION AND OPERATIONS. THE FIFA CLUB WORLD CUP 2022 AND THE BEST FIFA FOOTBALL AWARDS 2022 WERE POSTPONED UNTIL EARLY 2023. EXPENSES FOR THOSE FIFA EVENTS THAT WERE POSTPONED HAVE BEEN RECOGNIZED IN PROFIT OR LOSS IN THE 2023. DEVELOPMENT AND EDUCATION: (A) FIFA DEVELOPMET PROGRAMME IS ONE OF THE PRIORITIES OF FIFA'S GLOBAL STRATEGY, AS THE MISSION OF "DEVELOPING FOOTBALL EVERYWHERE AND FOR ALL" JUSTIFIES FIFA'S EXISTENCE AS AN ORGANIZATION. THE FIFA FORWARD PROGRAMME, APPROVED AT THE 66TH FIFA CONGRESS IN MAY 2016, HAS LAUNCHED A NEW ERA OF GLOBAL FOOTBALL DEVELOPMENT WITH FIFA SIGNIFICANTLY INCREASING ITS INVESTMENT TO BUILD A STRONGER FOUNDATION FOR THE GROWTH OF THE GAME. FIFA FORWARD, BASED ON THREE PRINCIPLES (MORE INVESTMENT, MORE IMPACT, AND MORE OVERSIGHT), PROVIDES THE RESOURCES AND STRUCTURE TO DELIVER A STATE-OF-THE-ART DEVELOPMENT PROGRAMME, MEANING: (1) MORE INVESTMENT IN DEVELOPMENT FOR MEMBERS (2) MORE IMPACT VIA TAILOR-MADE PLANS TO MEET SPECIFIC NEEDS (3) MORE OVERSIGHT SO THAT ALL FUNDS ARE USED RESPONSIBLY. FORWARD PROVIDES FINANCIAL, TECHNICAL,AND HUMAN SUPPORT TO ALL OF FIFA'S MEMBER ASSOCIATIONS AND THE CONFEDERATIONS IN THEIR ENDEAVORS TO DEVELOP AND FOSTER FOOTBALL AT ALL LEVELS WITHIN THEIR TERRITORIES. THE PROGRAMME PROVIDES EQUAL AND SUBSTANTIALLY INCREASED FUNDING TO EACH OF FIFA'S 211 MEMBER ASSOCIATIONS, ALL SIX CONFEDERATIONS AND THE ZONAL/REGIONAL ASSOCIATIONS EACH YEAR. IN 2019 THE FIFA FORWARD 2.0 REGULATIONS WERE SUCCESSFULLY IMPLEMENTED. IN ACCORDANCE WITH THE FIFA FORWARD PROGRAMME, EACH MEMBER ASSOCIATION IS GUARANTEED FINANCIAL SUPPORT OF UP TO USD 1.00 MILLION PER YEAR TO COVER OPERATIONAL COSTS AND IN PROJECT DEVELOPMENT FUNDING (UP TO USD 500,000), A TOTAL OF USD 6 MILLION OVER A FOUR-YEAR CYCLE. EACH CONFEDERATION WILL RECEIVE USD 12 MILLION PER YEAR FOR FOOTBALL PROJECTS AIMED AT DEVELOPING, PROMOTING AND ORGANIZING FOOTBALL WITHIN ITS TERRITORY. ZONAL/REGIONAL ASSOCIATIONS WILL RECEIVE UP TO 1 MILLION PER YEAR FOR YOUTH AND WOMEN'S TOURNAMENTS. (B) THE AIM OF THE TECHNICAL DEVELOPMENT PROGRAMS ARE TO IMPROVE THE TECHNICAL SIDE OF THE GAME AND TO ENSURE THAT TALENTED PLAYERS ALL OVER THE WORLD HAVE THE CHANCE TO REACH THEIR FULL POTENTIAL. IN 2023, THE FIFA TRAINING CENTRE, WHICH ACTS AS AN ONLINE ACADEMY FEATURING TRAINING SESSIONS AND IN DEPTH ANALYSES TO EDUCATE COACHES AND PLAYERS AT EVERY LEVEL, BECAME FULLY OPERATIONAL. TO HELP ITS MEMBERS DEVELOP TALANTED PLAYERS, FIFA CONTINUED TO PROVIDE EDUCATIONAL PROGRAMS VIA DEDICATED MENTORS, REGIONAL TECHNICAL CONSULTANTS, HIGH-PERFORMANCE SPECIALISTS AS WELL AS COACH EDUCATORS. (C) WORLD FOOTBALL REMISSION FUND - IN 2021, THE US DEPARTMENT OF JUSTICE GRANTED FIFA USD 60.4 MILLION IN REMISSION PROCEEDS, REPRESENTING MONIES FORFEITED BY DEFENDANTS TO THE US GOVERNMENT THAT ARE RETURNED TO VICTIMS OF THE CRIMINAL SCHEMES. THESE FUNDS ARE ADMINSTERED BY THE FIFA FOUNDATION AND, TOGETHER WITH CONMEBOL'S AND CONCACAF'S SHARES TO THE WORLD REMISSION FUND, AMOUNT TO A TOTAL AWARD OF OVER USD 201 MILLION. THOSE PROCEEDS WILL BE INVESTED IN LINE WITH THE TERMS OF THE FUND, WITH PARTICULAR FOCUS ON YOUTH AND COMMUNITY PROGRAMMES. FIFA THEREFORE HAD CORRESPONDING DEVELOPMENT EXPENSES OF USD 60.4 MILLION IN 2021. (D) OTHER PROJECTS - EXPENDITURES ON OTHER PROJECTS COVERS THE DAY-TO-DAY OPERTIONAL AND SUPPORT ACTIVITIES OF THE MEMBER ASSOCIATION DIVISION, WHICH CONTINUES TO WORK WITH FIFA'S MEMBERS TO INTEGRATE GOOD-GOVERNANCE PRACTICES BASED ON ETHICS, RISK MANAGEMENT, COMPLIANCE AND ADMINISTRATION. COLLABORATING WITH ITS NETWORK OF REGIONAL OFFICES HAS WIDENED THE ORGANIZATION'S REACH OF ITS ENGAGEMENT AROUND THE GLOBE AND STRENGTHENED ITS SUPPORT OF MEMBER ASSOCIATIONS. TECHNICAL SOLUTIONS ARE ALSO OFFERED TO PROMOTE GOOD-GOVERNANCE PRACTICES, INCLUDING DEDICATED TOOLS AND PLATFORMS SUCH AS THE FIFA CONNECT PROGRAM, WHICH PROVIDES MEMBERS WITH THE TRANSPARENCY AND CONTROL THEY NEED OVER THEIR FOOTBALL LANDSCAPE WHERE INFORMATION IS CONCERNED. IN ADDITION, FIFA'S FOOTBALL EXECUTIVE PROGRAM, RUN IN COOPERATION WITH THE INTERNATIONAL CENTRE FOR SPORTS STUDIES (CIES), PROVIDES MEMBER ASSOCIATIONS WITH KEY MANAGEMENT TOOLS. (E) IN 2023, THE FIFA REFEREEING SUBDIVISION CONTINUED TO IMPLEMENT THE DECISIONS TAKEN BY THE FIFA REFEREES COMMITTEE RELATING TO REFEREEING MATTERS WORLDWIDE. IT SUCCESSFULLY PREPARED AND MANAGED ALL FIFA MATCH OFFICIALS AND REFEREEING DELEGATIONS FOR ALL FIFA COMPETITIONS AS WELL AS FOR SOME NON-FIFA INTERNATIONAL FLAGSHIP EVENTS. ACTIVITIES IN 2023 FOCUSED, AS BEFORE, ON THE CONTINUOUS IMPROVEMENT OF THE QUALITY OF MATCH OFFICIALS AND INSTRUCTORS (INCLUDING VIDEO ASSISTANT REFEREES (VARS)) IN ALL CONFEDERATIONS AND MEMBER ASSOCIATIONS. BY THE END OF 2023, MORE THAN 350 VARIOUS COURSES HAD BEEN CONDUCTED. MOREOVER, THE REFEREEING SUBDIVISION CONTINUED TO ASSIST THE MEMBER ASSOCIATIONS IN DEVELOPING THE VAR SYSTEM BY INCREASING THE NUMBER OF COUNTRIES USING IT TO 53, WITH A FURTHER 12 ASSOCIATIONS IN THE PROCESS OF IMPLEMENTING IT AT REPORTING DATE. SCHEDULE F, PART V CONTINUED (F) WOMEN'S FOOTBALL PROMOTION - FIFA'S COMMITMENT TO THE WOMEN'S GAME IS UNDERPINNED BY ITS WOMEN'S FOOTBALL STRATEGY, WHICH SETS OUT THREE KEY OBJECTIVES AND FIVE PILLARS THAT CHART THE COURSE FOR HOW FIFA INTENDS TO WORK WITH CONFEDERATIONS, MEMBER ASSOCIATIONS, CLUBS, PLAYERS, THE MEDIA, FANS AND OTHER STAKEHOLDERS TO REALIZE THE FULL POTENTIAL THAT EXISTS WITHIN THE WOMEN'S GAME. IN LINE WITH THAT STRATEGY, THE FIFA WOMEN'S DEVELOPMENT PROGRAM WAS LAUNCHED IN 2021 TO PROVIDE ALL 211 MEMBER ASSOCIATIONS WITH THE OPPORTUNITY TO ACCESS ADDITIONAL RESOURCES AND SPECIALIST EXPERTISE TO DEVELOP WOMEN'S FOOTBALL AT THE NATIONAL LEVEL. THE IMPLEMENTATION OF THE PROGRAM PROGRESSED WELL IN 2023, FURTHER STRENGTHENING THE FOUNDATIONS OF THE GAME GLOBALLY. MEMBER ASSOCIATIONS WORKED ON THEIR LONG-TERM STRATEGIES FOR THE WOMEN'S GAME, REACTIVATING WOMEN'S FOOTBALL COMPETITIONS AND DEVELOPMENT ACTIVITIES FOLLOWING THE COVID-19 RESTRICTIONS AND ACHIEVING EXCELLENT RESULTS IN TERMS OF INCREASED PARTICIPATION IN AND AWARENESS OF WOMEN'S FOOTBALL AROUND THE WORLD. FIFA ALSO DELIVERED THE HIGHLY POPULAR WOMEN IN FOOTBALL LEADERSHIP PROGRAM AS WELL AS THE SECOND EDITION OF THE VERY SUCCESSFUL COACH MENTORSHIP PROGRAM. WORKING HAND IN HAND WITH OUR STAKEHOLDERS, THE FIFA GUIDE TO CLUB LICENSING IN WOMEN'S FOOTBALL WAS PUBLISHED ALONG WITH THE SECOND EDITION OF THE FIFA BENCHMARKING REPORT: SETTING THE PACE, BOTH AIMED AT SUPPORTING MEMBER ASSOCIATIONS, LEAGUES AND CLUBS IN ACCELERATING THE PROFESSIONALIZATION OF THE WOMEN'S GAME. (G) AUDIT AND FINANCIAL EDUCATION - FIFA APPOINTS GLOBALLY RECOGNIZED AUDIT AND ASSURANCE FIRMS, WHICH PERFORM INDEPENDENT REVIEWS ON A MEMBER ASSOCIATION'S PROCESSES AND COMPLIANCE WITH REGULATIONS. EVERY YEAR, A CENTRAL AUDIT REVIEW IS CONDUCTED FOR EACH MEMBER ASSOCIATION THAT HAS RECEIVED FUNDS UNDER THE FORWARD PROGRAM. IN ADDITION, FIFA PROVIDES CAPACITY DEVELOPMENT ASSISTANCE TO SUPPORT FIFA'S MEMBER ASSOCIATIONS IN IDENTIFYING AREAS THAT REQUIRE IMPROVEMENT. (H) MEDICINE AND SCIENCE - FIFA STRIVES TO PROTECT THE HEALTH AND WELL BEING OF PLAYERS GLOBALLY. THE FIFA MEDICAL SUBDIVISION HAS INCREASINGLY LEVERAGED THE KNOWLEDGE AND EXPERIENCE OF CAREFULLY SELECTED INTERNATIONAL EXPERTS TO ENSURE THAT ALL PROJECTS AND SERVICES ARE UNDERPINNED BY CURRENT SCIENTIFIC EVIDENCE. FIFA SEEKS TO ENSURE THAT FOOTBALL CAN BE PLAYED ON A LEVEL PLAYING FIELD BY EVERYONE BY SETTING AN EXAMPLE THROUGH ITS ANTI-DOPING PROGRAM, THUS PRESERVING THE ETHICS OF THE GAME. KEY FOCUS AREAS IN 2023 INCLUDED THE DEFINITION OF PROCESSES AND MEDICAL SERVICES TRAINING BOTH INSIDE AND OUTSIDE STADIUMS, THE DEVELOPMENT OF A NEW POST-GRADUATE MASTERS COURSE IN FOOTBALL MEDICINE, THE PRODUCTIONS OF FIFA MEDICAL EMERGENCY BAGS SENT TO ALL MEMBER ASSOCIATIONS, AND THE ESTABLISHMENT OF A MEDICAL GOVERNANCE FRAMEWORK FOR THE 49 FIFA MEDICAL CENTRES OF EXCELLENCE AROUND THE WORLD AS WELL AS INVESTMENT IN VARIOUS MEDICAL-RELATED SCIENTIFIC PROJECTS, SUCH AS THE BRAINHOPE INITIATIVE. (I) EDUCATION - FIFA PROVIDES ANNUAL FINANCIAL SUPPORT TO CIES, WHICH IS BASED IN NEUCHATEL, SWITZERLAND CIES IS A LEADING INSTITUTION WITH AN EVER-EXPANDING OFFERING OF EDUCATIONAL PROGRAMS FOR THE DEVELOPMENT OF NEW FOOTBALL ADMINISTRATORS AND MANAGEMENT EDUCATION OF ATHLETES AND SPORT EXECUTIVES, AND IT ALSO SERVES AS A REFERENCE POINT FOR RESEARCH AND CONSULTING SERVICES PROVIDED TO A WIDE RANGE OF SPORT STAKEHOLDERS. (J) FIFA FOUNDATION - THE FIFA FOUNDATION'S ACTIVITIES FOCUS ON IMPACTING SOCIETY THROUGH THE POWER OF FOOTBALL AND EMPOWERING CHILDREN AND YOUNG PEOPLE TO REALIZE THEIR FULL POTENTIAL, WHILE ADDRESSING THE MOST PRESSING GLOBAL CHALLENGES, THUS MAKING A TANGIBLE CONTRIBUTION TO THE UN SUSTAINABLE DEVELOPMENT GOALS. (K) FIFA WORLD FOOTBALL MUSEUM - A NEW RECORD OF MORE THAN 250,000 VISITORS IN ZURICH ALONE WAS ACHIEVED IN 2023 - THE HIGHEST NUMBER FOR THE FIFA MUSEUM'S LOCATION IN THE SWISS METROPOLIS SINCE ITS OPENING EIGHT YEARS AGO. THE FIFA MUSEUM EXHIBITION "CALLING THE SHOTS: FACES OF WOMEN'S FOOTBALL" ATTRACTED MORE THAN 50,000 VISITORS WITHIN FOUR WEEKS DURING THE FIFA WOMEN'S WORLD CUP AUSTRALIA AND NEW ZEALAND 2023. FIFA GOVERNANCE AND ADMINISTRATION - FIFA GOVERNANCE AND ADMINISTRATION EXPENSES COMPRISE ALL COSTS RELATED TO THE GOVERNANCE OF FIFA ITSELF AND ARE RECOGNIZED AS PROFIT OR LOSS AS INCURRED. EXPENSES FROM ADMINISTRATIVE ACTIVITIES INCLUDE, IN PARTICULAR, COSTS RELATED TO INFORMATION TECHNOLOGY, BUILDINGS AND MAINTENANCE, COMMUNICATIONS, THE ANNUAL FIFA CONGRESS AND LEGAL COSTS. AS REQUIRED BY IFRS, FIFA QUALIFIES THE COUNCIL AND FIFA MANAGMENT AS RELATED PARTIES. ALL COMPENSATION EARNED BY OFFICERS, DIRECTORS AND SIGNIFICANT EMPLOYEES OF FIFA WERE EARNED OUTSIDE THE UNITED STATES AND IS REVIEWED BY THE RESPONSIBLE FIFA BODY. FIFA HAS NO OFFICE, FIXED PLACE BUSINESS OR OTHER PERMANENT ESTABLISHMENT IN THE UNITED STATES. 1 0 0 0 0 0 0 0 1 0 GIANNI INFANTINO PRESIDENT 4137710 0 0 0 0 0 0 0 0 0 4137710 0 0 0 FATMA SAMOURA SECRETARY GENERAL 1924000 0 0 0 0 0 0 0 0 0 1924000 0 0 0 PART I, LINE 1A EMPLOYEES AND OFFICERS OF FIFA AS WELL AS COUNCIL AND COMMITTEE MEMBERS OBTAIN REFUND OF THEIR EXPENSES AND/OR LUMP-SUM PAYMENT FOR EXPENSES IN LINE WITH FIFA COMPENSATION, EXPENSE AND BENEFIT REGULATIONS. SUCH REGULATIONS ALSO ADDRESS COMPENSATION FOR TRAVEL AND ACCOMMODATION. THE EXPENSE REGULATIONS ARE IN LINE WITH SWISS LEGISLATION AND PRACTICE. AS PER APPLICABLE FIFA REGULATIONS, TO THE EXTENT THAT THE ASSUMED COSTS DO NOT QUALIFY AS REIMBURSEMENT OF EXPENSES SUCH BENEFITS ARE TREATED AS INCOME FROM EMPLOYMENT WHICH IS REPORTED AND TREATED AS WAGES FORM 990, SCHEDULE J, GENERAL INFORMATION AS REQUIRED BY IFRS, FIFA QUALIFIES THE COUNCIL AND FIFA MANAGEMENT AS RELATED PARTIES. ALL COMPENSATION EARNED BY OFFICERS, DIRECTORS AND SIGNIFICANT EMPLOYEES OF FIFA WAS EARNED OUTSIDE THE UNITED STATES AND IS REVIEWED BY THE RESPONSIBLE FIFA BODY. FIFA HAS NO OFFICE, FIXED PLACE BUSINESS OR OTHER PERMANENT ESTABLISHMENT IN THE UNITED STATES. ACCORDING TO THE RULES AND PRINCIPLES IN PLACE FOR 2023, FIFA COUNCIL VICE-PRESIDENTS WHO ARE ALSO CONFEDERATIONS PRESIDENTS EACH RECEIVE A FIXED NET ANNUAL COMPENSATION OF USD 393,000. FIFA COUNCIL VICE-PRESIDENTS WHO ARE NOT CONFEDERATIONS PRESIDENTS AND FIFA COUNCIL MEMBERS EACH RECEIVE A FIXED NET ANNUAL COMPENSATION OF USD 325,000. IN ADDITION, EACH MEMBER ALSO RECEIVES A DAILY ALLOWANCE WHILE ON DUTY USD 250, OR USD 150 IF FIFA COVERS BREAKFAST AND LUNCH OR DINNER. UNDER THE FIFA COMPENSATION, EXPENSES AND BENEFITS REGULATIONS FOR SENIOR OFFICIALS (MARCH 2017), FIFA COVERS THE EMPLOYER'S AND EMPLOYEE'S SOCIAL CONTRIBUTIONS, WHEREAS WITHHOLDING TAXES ARE BEING DEDUCTED FROM THE SALARY OF THE COUNCIL MEMBER, AND PAID DIRECTLY BY FIFA TO THE TAX AUTHORITIES. FIFA DOES NOT COVER SOCIAL SECURITY CONTRIBUTIONS OR TAXES THAT MAY ALSO BE DUE IN THE COUNCIL MEMBERS' COUNTRY OF RESIDENCE. LONG-SERVING COUNCIL MEMBERS, WHICH ARE NOT FALLING UNDER THE FIFA COMPENSATION, EXPENSES AND BENEFITS REGULATIONS FOR SENIOR OFFICIALS (CEB), ARE ALSO ENTITLED TO RECEIVE ANNUAL PENSION PAYMENTS. FIFA BELIEVES THAT IT PAYS NO COMPENSATION IN RESPECT OF WHICH FORM W-2 OR 1099 IS REQUIRED TO BE ISSUED. COUNCIL MEMBER MAY NOT RECEIVE THE FULL USD 393,000 RESP. USD 325,000 IN 2023 DUE TO PRO-RATA CALCULATION, WHERE MEMBERS ONLY SERVE A PORTION OF THE YEAR AS AN ELECTED MEMBER. FORM 990, PART I, LINE 7 FIFA HAS REPORTED $0 UBTI. IT IS POSSIBLE THAT SOME SMALL NUMBER OF ADVERTISING INCOME SHOULD BE REPORTED ON LINE 7. HOWEVER, FIFA BELIEVES THAT THE US SOURCE ADVERTISING INCOME WOULD BE DE MINIMIS. UNDER THE US-SWISS TREATY, FIFA WOULD NOT BE TAXABLE ON ITS UBTI, INCLUDING ITS US SOURCE UBTI, BECAUSE IT HAS NO PERMANENT ESTABLISHMENT IN THE UNITIED STATES. FORM 990 - GENERAL FIFA'S FINANCIAL STATEMENTS ARE ESTABLISHED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS). THE FIFA FINANCIAL REPORT 2023 (ENCLOSURE) INCLUDES ADDITIONAL INFORMATION WHICH SHALL GIVE MORE BACKGROUND TO THE DECLARATIONS MADE BY FIFA IN THIS FORM 990. FIFA'S ROYALTY INCOME IS MAINLY DERIVED FROM THE FIFA WORLD CUP, BUT USUALLY THE RESPECTIVE AGREEMENTS ALSO COVER ADDITIONAL EVENTS. THE SHARE OF THE INCOME TO BE ALLOCATED TO THE ADDITIONAL EVENTS IS NOT EXACTLY DETERMINED BUT IS A SMALL ONE ONLY. FIFA'S COMPENSATION POLICY IS DETERMINED BY THE RESPONSIBLE FIFA BODY AND IS BASED ON THE COMPENSATION LEVEL TO BE PAID ON THE SWISS AND INTERNATIONAL LABOUR MARKET FOR EXPERIENCED MANAGEMENT STAFF. MOST OF FIFA'S GOVERNING DOCUMENTS AND FIFA'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE WWW.FIFA.COM. ALL COMPENSATION EARNED BY OFFICERS, DIRECTORS AND SIGNIFICANT EMPLOYEES OF FIFA WAS EARNED OUTSIDE OF THE UNITED STATES AND IS REVIEWED BY A RESPONSIBLE FIFA BODY (SEE BELOW). FIFA HAS NO OFFICE, FIXED PLACE OF BUSINESS OR OTHER PERMANENT ESTABLISHMENT IN THE UNITED STATES. FORM 990, PART III, LINE 3 IN ORDER TO TIGHTEN UP ITS INTERNAL OVERSIGHT AND CONTROL PROCESSES AND REVAMP ITS FINANCIAL REPORTING, THEREBY PROVIDING DUE TRANSPARENCY, FIFA HAS BROUGHT IN SEVERAL INNOVATIONS TO ITS ANNUAL REPORT: A. IN ORDER TO ENHANCE FOCUS, FIFA'S ANNUAL REPORT NOW CONSISTS OF THREE SEPARATE, YET INTERTWINED, REPORTS: THE ACTIVITY REPORT, THE FINANCIAL REPORT AND THE GOVERNANCE REPORT. B. IN ORDER TO APPLY THE HIGHEST FINANCIAL STANDARDS, FIFA APPLIES THE ACCOUNTING STANDARD IFRS 15 "REVENUE FROM CONTRACTS WITH CUSTOMERS", WHICH SPECIFIES HOW AND WHEN REVENUE IS RECOGNIZED IN IFRS REPORTS AND ENSURES THE COMPARABILITY OF EACH YEAR OVER THE FOUR-YEAR CYCLE. C. AS A NON-PROFIT ORGANIZATION, FIFA'S KEY ACTIVITIES ARE TO ORGANIZE INTERNATIONAL TOURNAMENTS AND TO DEVELOP THE GAME OF FOOTBALL. THE CONSOLIDATED INCOME STATEMENT IS STRUCTURED IN SUCH A WAY THAT RECOGNIZES THE VARIOUS ELEMENTS IN THE SET-UP BEHIND FIFA'S ACTIVITIES. THIS STRUCTURE ENABLES FULL EMPHASIS ON THE KEY FINANCIAL FORCES AFFECTING FIFA. EXPENSES ARE GROUPED INTO TWO MAIN AREAS: FOOTBALL ACTIVITIES AND ADMINISTRATIVE ACTIVITIES, TO BETTER REFLECT FIFA'S STATUTORY OBJECTIVES AND THE RESPECTIVE EXPENSE CATEGORIES. ALL EXPENSE CATEGORIES HAVE BEEN REVIEWED THOROUGHLY AND IMPROVED. FORM 990, PART IV, LINE 4 FIFA HAS NO ESTABLISHED LOBBYING PROGRAM. HOWEVER, FIFA WORKS TO SUPPORT THE PROMOTION OF FOOTBALL GLOBALLY. IN SOME COUNTRIES, THE PROMOTION OF FOOTBALL MAY HAVE THE INCIDENTAL EFFECT OF ENCOURAGING THE ADOPTION OR CHANGE IN LAWS, RULES OR ORDINANCES. FIFA BELIEVES THAT NO MORE THAN AN INSIGNIFIANT AMOUNT OF TIME AND EXPENSE IS SPENT ON ACTIVITIES THAT WOULD BE INTERPRETED AS LOBBYING. FORM 990, PART IV, LINE 28 COUNCIL MEMBERS MAY BE DIRECTORS OR EXECUTIVES OF A CONFEDERATION OR A MEMBER ASSOCIATION. FIFA MAY HAVE CONTINUING RELATED PARTY TRANSACTIONS WITH CONFEDERATIONS, MEMBER ASSOCIATIONS AND/OR THEIR LOCAL ORGANIZING COMMITTEES. AS PART OF FIFA'S REFORM PROCESS, SUCH TRANSACTIONS ARE BEING REVIEWED. FORM 990, PART IV, LINE 29 FIFA HAS RECEIVED MORE THAN $25,000 OF PAYMENTS IN KIND, BUT SUCH PAYMENTS IN KIND WERE GIVEN TO FIFA AS ARM'S LENGTH CONSIDERATION FOR RIGHTS GRANTED IN CONTRACTS WITH FIFA. FIFA HAS NOT CLASSIFIED SUCH PAYMENTS IN KIND AS CONTRIBUTIONS. FORM 990, PART V, LINE 6B TO THE BEST OF FIFA'S KNOWLEDGE, WITH THE SOLE EXCEPTION OF THE UNITED STATES SOCCER FEDERATION, WHICH IS TAX-EXEMPT UNDER SECTION 501(C)(3), NONE OF THE NATIONAL FOOTBALL ASSOCIATION IS A US TAXPAYER, AND FIFA DOES NOT KNOW, WITH RESPECT TO ANY OF THESE ENTITIES, WHETHER ANY PORTIONS OF THEIR DUES PAYMENTS ARE DEDUCTIBLE IN THEIR COUNTRY OF ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 FIFA HAS A SINGLE CLASS OF MEMBERS. MEMBERS HAVE THE RIGHT TO TAKE PART IN THE FIFA CONGRESS, TO DRAW UP PROPOSALS FOR INCLUSION IN THE AGENDA OF A CONGRESS, TO NOMINATE CANDIDATES FOR THE FIFA PRESIDENCY, TO TAKE PART IN COMPETITIONS ORGANIZED BY FIFA, TO TAKE PART IN FIFA'S ASSISTANCE AND DEVELOPMENT PROGRAMS, AND TO EXERCISE ALL OTHER RIGHTS ARISING FROM THE FIFA STATUTES AND OTHER REGULATIONS. EACH MEMBER HAS ONE VOTE IN THE CONGRESS AND IS REPRESENTED BY ITS DELEGATES. DURING THEIR TERM OF OFFICE, MEMBERS OF THE COUNCIL COMMITTEE MAY NOT BE APPOINTED AS DELEGATES FOR THEIR ASSOCIATION. ONLY THE MEMBERS MAY PROPOSE CANDIDATURES FOR THE OFFICE OF FIFA PRESIDENT. A CANDIDATURE FOR THE OFFICE OF FIFA PRESIDENT IS VALID IF SUPPORTED BY A TOTAL OF AT LEAST FIVE MEMBERS. THE CONGRESS AGENDA SHALL INCLUDE THE FOLLOWING MANDATORY ITEMS; A DECLARATION THAT THE CONGRESS HAS CONVENED AND COMPOSED IN COMPLIANCE WITH THE STATUTES; APPROVAL OF THE AGENDA; AN ADDRESS BY THE PRESIDENT; APPOINTMENT OF FIVE MEMBERS TO CHECK THE MINUTES; APPOINTMENT OF REVIEWERS; SUSPENSION OR EXPULSION OF A MEMBER (IF APPLICABLE); APPROVAL OF THE MINUTES OF THE PRECEDING CONGRESS; ACTIVITY REPORT (CONTAINING THE ACTIVITIES SINCE THE LAST CONGRESS); REPORT FROM THE AUDIT AND COMPLIANCE COMMITTEE; PRESENTATION OF THE CONSOLIDATED AND REVISED BALANCE SHEET AND THE PROFIT AND LOSS STATEMENT; APPROVAL OF THE FINANCIAL STATEMENTS; APPROVAL OF THE BUDGET; ADMISSION FOR MEMBERSHIP (IF APPLICABLE); VOTES ON PROPOSALS FOR ADOPTING AND AMENDING THE STATUTES, THE REGULATIONS GOVERNING THE APPLICATION OF THE STATUTES AND THE STANDING ORDER OF THE CONGRESS (IF APPLICABLE); DISCUSSION OF PROPOSALS SUBMITTED BY THE MEMBERS AND THE EXECUTIVE COMMITTEE WITHIN THE PERIOD STIPULATED (IF APPLICABLE); APPOINTMENT OF AUDITORS (IF APPLICABLE); ELECTION OR DISMISSAL OF THE PRESIDENT AND/OR THE FEMALE MEMBER OF THE EXECUTIVE COMMITTEE AS WELL AS INSTALLATION OR DISMISSAL OF THE VICE-PRESIDENTS AND THE OTHER MEMBERS OF THE EXECUTIVE COMMITTEE (IF APPLICABLE); ELECTION OR DISMISSAL OF THE CHAIRMEN, DEPUTY CHAIRMEN AND MEMBERS OF THE JUDICIAL BODIES AND OF THE CHAIRMAN, DEPUTY CHAIRMAN AND MEMBERS OF THE AUDIT AND COMPLIANCE COMMITTEE (IF APPLICABLE); AND VOTE ON THE DESIGNATION OF THE HOST COUNTRY OF THE FIFA WORLD CUPTM FINAL COMPETITION (IF APPLICABLE). FORM 990, PART VI, SECTION A, LINE 7A EXPLANATION FOR LINES 7A AND 7B ARE COMBINED BELOW. OVER THE PAST YEARS, FIFA HAS PROGRESSIVELY ADOPTED A WIDE RANGE OF GOVERNANCE REFORMS THAT REFLECT THE VIEWS OF THE FOOTBALL COMMUNITY IN ORDER TO MEET THE EVOLVING NEEDS OF THE MODERN GAME. THIS WORK CONTINUED WITH THE STEP TAKEN IN ZURICH ON FEBRUARY 26, 2016 WHEN THE EXTRAORDINARY FIFA CONGRESS APPROVED A SET OF REFORMS PRESENTED BY THE 2016 FIFA REFORM COMMITTEE AND COMPRISED OF THIRTEEN REPRESENTATIVES FROM AROUND THE GLOBE. THESE PRINCIPLES AND RECOMMENDATIONS WERE INCORPORATED INTO AN AMENDED VERSION OF THE FIFA STATUTES, RESULTING IN SIGNIFICANT MODIFICATIONS TO FIFA'S INSTITUTIONAL STRUCTURE AND OPERATIONAL PROCESSES, AND MAKING THE ORGANIZATION MORE TRANSPARENT AND ACCOUNTABLE. THE REFORMS, EFFECTIVE IN 2016, FOCUSED ON THREE GUIDING PRINCIPLES: PRINCIPALS OF LEADERSHIP TO EFFECT CULTURAL CHANGE AT FIFA, PRINCIPLES OF GOVERNANCE REFORMS AND PRINCIPLES TO FOSTER GREATER PARTICIPATION OF MEMBER ASSOCIATION AND OTHER STAKEHOLDERS. FIFA STRUCTURE: THE SUPREME AND LEGISLATIVE BODY OF FIFA IS THE FIFA CONGRESS. THE CONGRESS HAS 211 MEMBERS WHICH ARE MADE UP OF, AND APPOINTED BY, ALL THE MEMBER ASSOCIATIONS. THE FIFA PRESIDENT CHAIRS THE CONGRESS. THE PRESIDENT'S ROLE INCLUDES APPRAISAL OF THE SECRETARY GENERAL; PROPOSING APPOINTMENT OR DISMISSAL OF SECRETARY GENERAL; AND PREPARING BUSINESS OF THE COUNCIL AND THE CONGRESS. PRESIDENT HAS NO RIGHT TO VOTE AT THE CONGRESS AND ONLY ONE ORDINARY VOTE IN FIFA COUNCIL. THE SUPREME AND OVERSIGHT BODY OF FIFA IS THE FIFA COUNCIL. THE COUNCIL IS CHAIRED BY THE PRESIDENT AND IS RESPONSIBLE FOR SETTING ACTIONS REQUIRED TO EFFECTIVELY EXECUTE THAT STRATEGY. THE COUNCIL CONSISTS OF THE PRESIDENT, ELECTED BY THE CONGRESS IN THE YEAR FOLLOWING FIFA WORLD CUP, 8 VICE-PRESIDENTS AND 28 MEMBERS, ELECTED BY THE MEMEBER ASSOCIATIONS AT THEIR RESPECTIVE CONFEDERATION CONGRESSES. THE PRESIDENT AND THE OTHER MEMBER OF THE COUNCIL ARE ELECTED FOR A TERM OF FOUR YEARS, AND THEY MAY SERVE FOR NO MORE THAN THREE TERMS OF OFFICE - WHETHER CONSECUTIVE OR NOT. THE ELECTION OF THE COUNCIL MEMBERS IS NOW SUPERVISED BY THE GOVERNANCE COMMITTEE. TO IMPROVE THE EFFICIENCY OF THE DECISION-MAKING PROCESS, THE NUMBER OF STANDING COMMITTEES WAS REDUCED FROM 26 TO 9, WITH SOME KEY COMMITTEES - DEVELOPMENT, GOVERNANCE AND FINANCE - NOW REQUIRED TO INCLUDE A STRICT QUOTA OF INDEPENDENT MEMBERS. STANDING COMMITTEES ADVISE AND ASSIST THE COUNCIL IN THEIR RESPECTIVE FIELDS OF FUNCTION AND REPORT TO THE COUNCIL. MEMBERS OF THE STANDING COMMITTEES MAY AT THE SAME TIME BE MEMBERS OF THE COUNCIL, WITH THE EXCEPTION OF THE MEMBER OF THE GOVERNANCE COMMITTEE, THE INDEPENDENT MEMBERS OF THE FINANCE COMMITTEE AND THE INDEPENDENT MEMBERS OF THE DEVELOPMENT COMMITTEE. ALL BUSINESS CONNECTIONS BETWEEN INDIVIDUAL COUNCIL MEMBERS, INCLUDING COMPANIES OR ORGANIZATIONS REPRESENTED BY THEM, AND FIFA ARE DISCLOSED IN NOTE 35 TO THE CONSOLIDATED FINANCIAL STATEMENT OF FIFA. THE GENERAL SECRETARIAT CARRIES OUT ALL OF THE COMPETITION-RELATED, OPERATIVE AND ADMINISTRATIVE DUTIES OF FIFA UNDER THE DIRECTION OF THE SECRETARY GENERAL. THE SECRETARY GENERAL IS THE CHIEF EXECUTIVE OFFICER (CEO) OF FIFA. THERE ARE TWO DEPUTY SECRETARIES GENERAL, ONE RESPONSIBLE FOR FOOTBALL MATTERS AND ONE RESPONSIBLE FOR ADMINISTRATION MATTERS. THE SECRETARY GENERAL APPOINTS THE MANAGERIAL STAFF AND THE STAFF IN THE GENERAL SECRETARIAT. THE DETAILED DUTIES, POWERS AND RESPONSIBILITIES OF THE FIFA GENERAL SECRETARIAT ARE REGULATED BY THE FIFA GOVERNANCE REGULATIONS, BASED ON THE FIFA STATUES. INDEPENDENT FIFA REVIEW COMMITTEES - FIFA HAS SEVERAL INDEPENDENT COMMITTEES, INCLUDING THE AUDIT AND COMPLIANCE COMMITTEE AND THE JUDICIAL BODIES (THE DISCIPLINARY COMMITTEE, THE ETHICS COMMITTEE AND THE APPEAL COMMITTEE). THE INDEPENDENT COMMITTEES, AS WELL AS THEIR INDIVIDUAL MEMBERS, CONDUCT THEIR ACTIVITIES AND PERFORM THEIR DUTIES ENTIRELY INDEPENDENTLY BUT ALWAYS IN THE INTERESTS OF FIFA AND IN ACCORDANCE WITH THE STATUTES AND REGULATIONS OF FIFA. THE CHAIRPERSON, DEPUTY CHAIRPERSON AND OTHER MEMBERS OF THE AUDIT AND COMPLIANCE COMMITTEE AND THE JUDICIAL BODIES ARE ELECTED BY THE CONGRESS AND MAY NOT BELONG TO ANY OTHER FIFA BODY. THE INDEPENDENT AUDIT AND COMPLIANCE COMMITTEE MONITORS ALL SUB-COMMITTEES, THE COUNCIL, AND THE GENERAL SECRETARIAT. MEMBERS OF STANDING COMMITTEES AND CHAIRPERSONS AND DEPUTY OF AUDIT AND COMPLIANCE COMMITTEE AND JUDICIAL BODIES ARE NOT PERMITTED TO HAVE OTHER OFFICIAL FUNCTIONS IN FIFA, HAVE OTHER FUNCTIONS IN CONFEDERATION OR A MEMBER ASSOCIATION, OR HAVE MATERIAL BUSINESS RELATIONSHIP WITH FIFA, A CONFEDERATION, OR A MEMBER ASSOCIATION. THE ROLE OF THE AUDIT AND COMPLIANCE COMMITTEE IS SIGNIFICANT IN THE PROCESS OF SAFEGUARDING THE INTEGRITY OF THE ORGANIZATION IN ITS MOST CRITICAL AREAS - FROM THE BIDDING PROCESS OF THE FIFA WORLD CUP, DEFINING COMPENSATION POLICY AND ENHANCING THE CONTROL ENVIRONMENT FRAMEWORK TO THE DISTRIBUTION OF DEVELOPMENT FUNDS. IN THOSE AREAS, THE COMMITTEE ENSURED THE CONTINUED IMPLEMENTATION OF THE NECESSARY CHANGES AND ENCOURAGED MANAGEMENT TO ADOPT ALL OF THE REQUIRED MEASURES IN A TIMELY MANNER. WORKING CLOSELY WITH IT STAKEHOLDERS, FIFA COMPLIANCE DIVISION ASPIRES TO ENSURE THAT ZERO TOLERANCE TOWARDS WRONGDOING IS THE NORM ACROSS THE ORGANIZATION. GOVERNANCE REFORM - THE MAIN ASPECT OF THE REFORMS ARE: -CLEAR SEPARATION BETWEEN "POLITICAL AND "MANAGEMENT" FUNCTIONS: THE FIFA COUNCIL IS RESPONSIBLE FOR SETTING THE ORGANIZATION'S OVERALL STRATEGIC DIRECTION, WHILE THE GENERAL SECRETARIAT OVERSEES THE OPERATIONAL COMMERCIAL ACTIONS REQUIRED TO EFFECTIVELY EXECUTE THAT STRATEGY. THIS SEPARATION IS DESIGNED TO REDUCE CONFLICTS OF INTEREST AND MIRROR BEST PRACTICES OF OTHER INDUSTRIES. IN REGARDS TO BUSINESS OR FINANCE-RELATED MATTERS, THE COUNCIL SHALL DEFINE THE STANDARDS, POLICIES AND PROCEDURES APPLICABLE TO THE AWARDING OF COMMERCIAL CONTRACTS, FOOTBALL DEVELOPMENT GRANTS, OPERATIONAL COSTS, AND ALL OTHER BUSINESS OR FINANCE-RELATED MATTERS OF FIFA. UNDER THE REVISED FIFA STATUES, THE PRESIDENT REPRESENTS FIFA GENERALLY AND SHALL AIM TO FOSTER A POSITIVE IMAGE OF FIFA AND TO ENSURE THAT FIFA'S MISSION, STRATEGIC DIRECTION, POLICIES, AND VALUES, AS DEFINED BY THE COUNCIL, ARE PROTECTED AND ADVANCED. -INCREASED OVERSIGHT THROUGH THE SEPARATION OF POWERS IN ADMINISTRATION, WHICH WAS SPLIT INTO TWO BRANCHES, EACH OF WHICH IS OVERSEEN BY A DEPUTY SECRETARY GENERAL, ONE RESPONSIBLE FOR ALL THE ADMINISTRATIONAL ASPECTS OF THE INSTITUTION - I.E. COMMERCIAL FINANCE, PEOPLE, TECHNOLOGY AND OPERATIONS, LEGAL AND INTEGRITY AND ONE FOR MATTERS DIRECTLY RELATED TO FOOTBALL INCLUDING A NEW AND DEDICATED WOMEN'S FOOTBALL DIVISION. THE AREAS WHOSE REMIT OVERARCHES THE WHOLE OGRANIZATION, SUCH AS COMMUNICATIONS AND COMPLIANCE DIVISION, REPORT DIRECTLY TO THE SECRETARY GENERAL. -FIFA HAS FORMED A FULLY INDEPENDENT ETHICS COMMITTEE DIVIDED INTO TWO SEPARATE CHAMBERS - THE INVESTIGATORY CHAMBER AND THE ADJUDICATORY CHAMBER - PRIMARY RESPONSIBLE FOR INVESTIGATING INFRINGEMENTS OF THE FIFA CODE OF ETHICS. -TERM LIMITS FOR THE FIFA PRESIDENT, FIFA COUNCIL MEMBERS AND MEMBERS OF THE AUDIT AND COMPLIANCE COMMITTEE AND THE JUDICIAL BODIES (MAX 12 YEARS). -ELECTION OF COUNCIL MEMBERS SUPERVISED BY FIFA AND IN ACCORDANCE WITH FIFA'S OWN ELECTORAL REGULATIONS; ALL CANDIDATES SUBJECT TO COMPREHENSIVE ELIGIBILITY AND INTEGRITY CHECKS CONDUCTED BY AN INDEPENDENT FIFA REVIEW COMMITTEE. -ESTABLISHMENT OF GOVERNANCE COMMITTEE: GOVERNANCE COMMITTEE SHALL ADVISE AND ASSIST THE COUNCIL IN ALL MATTERS. -FIFA HAS FORMED A NEW INTERNAL COMPLIANCE DIVISION ENTRUSTED WITH THE RESPONSIBILITY TO DEVELOP A THOROUGH COMPLIANCE PROGRAM, INCLUDING ELEMENTS SUCH AS ANTI-BRIBERY AND ANTI-CORRUPTION POLICIES, EMPLOYEE TRAINING AND KEY POLICIES, MONITORING THE INTERNAL WHISTELBLOWER HOTLINE, COMPLIANCE RISK ASSESSMENT AND OFFERING ADVICE AND SUPPORT TO FIFA EMPLOYEES. THE COMPLIANCE DIVISION IS OVERSEEN BY THE CHIEF COMPLIANCE OFFICER WHO REPORTS TO SECRETARY GENERAL AND THE INDEPENDENT AUDIT AND COMPLIANCE COMMITTEE. IN ORDER TO FULFILL ITS DUTIES, POWERS AND RESPONSIBILITES, THE FIFA COMPLIANCE DIVISION HAS UNRESTRICTED AUTHORITY AND THE RIGHT TO ACCESS, INSPECT, REVIEW AND INVESTIGATE ANY ORGANIZATIONAL UNIT OF FIFA. CONTINUED BELOW UNDER LINE 7B EXPLANATION FORM 990, PART VI, SECTION A, LINE 7B -GREATER RECOGNITION AND PROMOTION OF WOMEN IN FOOTBALL WITH A MINIMUM OF ONE FEMALE REPRESENTATIVE ELECTED AS A COUNCIL MEMBER PER CONFEDERATION, PROMOTION OF WOMEN AS AN EXPLICIT STATUTORY OBJECTIVE OF FIFA TO CREATE A MORE DIVERSE DECISION-MAKING ENVIRONMENT AND CULTURE -DISCLOSURE OF INDIVIDUAL COMPENSATION ON AN ANNUAL BASIS OF THE FIFA PRESIDENT, ALL FIFA COUNCIL MEMBERS, THE SECRETARY GENERAL AND RELEVANT CHAIRPERSONS OF INDEPENDENT STANDING AND JUDICIAL COMMITTEES -ENCHANCED CONTROL OF MONEY FLOWS: UNDER THE REFORMS, A FULLY INDEPENDENT AUDIT AND COMPLIANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND OVERSEEING ALL PROCESSES AND MONEY FLOWS, AND THE RESPECTIVE ROLES AND RESPONSIBILITIES OF THE CONGRESS, THE COUNCIL, THE FINANCE COMMITTEE, THE GENERAL SECRETARIAT, AND THE DEVELOPMENT COMMITTEE ARE MORE CLEARLY DEFINED WITH RESPECT TO FIFA'S REVENUE AND EXPENSES. -UNIVERSAL GOOD GOVERNANCE PRINCIPLES FOR CONFEDERATIONS AND MEMBER ASSOCIATIONS, SUCH AS COMPULSORY ANNUAL INDEPENDENT AUDIT REPORTS AS WELL AS INDEPENDENT JUDICIAL BODIES TO ENSURE A SEPARATION OF POWERS ON ALL LEVELS OF FOOTBALL STRUCTURES. -FIFA'S COMMITMENT TO HUMAN RIGHTS TO BE ENSHRINED IN THE FIFA STATUTES. -NEW FOOTBALL STAKEHOLDER COMMITTEE TO ENSURE GREATER TRANSPARENCY AND INCLUSION THROUGH BROADER STAKEHOLDER REPRESENTATION (INCLUDING PLAYERS, CLUBS AND LEAGUES). THE FIFA STATUTES AND FIFA GOVERNANCE REGULATIONS FORESEE A CLOSE ENGAGEMENT WITH MEMBERS OF THE INTERNATIONAL FOOTBALL COMMUNITY - I.E., MEMBER ASSOCIATIONS, CONFEDERATIONS, LEAGUES, CLUBS, PLAYERS, AND RELEVANT EXPERTS. 2026 FIFA WORLD CUP BIDDING PROCESS REFORMS: FIFA HAS DEVELOPED THE PROCESS THROUGH WHICH BIDS ARE EVALUATED, BY SIGNIFICANTLY IMPROVING THE ASSESSMENT MECHANISMS AND BY INTRODUCING NEW ADDITIONAL ELEMENTS: 1) 2026 BID EVALUATION TASK FORCE: ANALYSING AND ASSESSING THE DIFFERENT ASPECTS OF SUCH A COMPLEX ENDEAVOUR REQUIRES VERY SPECIFIC KNOWLEDGE IN DIFFERENT AREAS, FROM THE TECHNICAL EXPERTISE TO THE LEGAL AND COMMERCIAL IMPLICATIONS INVOLVED. FOR THE PURPOSE OF CARRYING OUT THIS EVALUATION, FIFA HAD ESTABLISHED A GROUP TO BE COMPOSED OF CERTAIN MEMBERS OF THE FIFA ADMINISTRATION WITH THE RELEVANT EXPERTISE, THE CHAIRMAN OF FIFA'S AUDIT AND COMPLIANCE COMMITTEE, THE CHAIRMAN OF FIFA'S GOVERNANCE COMMITTEE AND A MEMBER OF THE ORGANIZING COMMITTEE FOR FIFA COMPETITIONS. 2) INDEPENDENT AUDIT COMPANY: A REPRESENTATIVE OF THE APPOINTED INDEPENDENT AUDIT COMPANY ACTED AS AN OBSERVER OF THE BID EVALUATION PROCESS AND THE ACTIVITIES CARRIED OUT BY THE 2026 BID EVALUATION TASK FORCE. FOLLOWING THE PUBLICATION OF THE BID EVALUATION REPORT BY THE 2026 BID EVALUATION TASK FORCE, THE FIFA COUNCIL DESIGNATED THE TWO BIDS - THE ONE JOINTLY SUBMITTED BY THE CANADIAN SOCCER ASSOCIATION, THE MEXICAN FOOTBALL ASSOCIATION AND THE UNITED STATES SOCCER FEDERATION, AS WELL AS THE ONE SUBMITTED BY THE MOROCCAN FOOTBALL ASSOCIATION - TO BE VOTED ON BY THE 68TH FIFA CONGRESS. ON JUNE 13, 2018, THE 68TH CONGRESS DESIGNATED THE UNITED BID (CANADA, MEXICO AND USA) AS HOSTS OF THE 2026 FIFA WORD CUP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY FIFA'S FINANCE DEPARTMENT BASED UPON FIFA'S FINANCIAL STATEMENTS. THE RETURN HAS BEEN DISCUSSED WITH FIFA'S OUTSIDE SWISS COUNSEL AND US TAX COUNSEL. FORM 990, PART VI, SECTION B, LINE 12C PERSONS PERFORMING ANY ACTIVITY FOR FIFA OR BEFORE BEING ELECTED OR APPOINTED ARE REQUIRED TO DISCLOSE ANY PERSONAL INTERESTS THAT COULD BE LINKED WITH THEIR PROSPECTIVE ACTIVITIES. PERSONS PERFORMING ANY ACTIVITY FOR FIFA ARE REQUIRED TO AVOID ANY SITUATION THAT COULD LEAD TO CONFLICTS OF INTEREST. CONFLICTS OF INTEREST ARISE IF PERSONS BOUND BY FIFA'S CODE OF EITHICS HAVE, OR APPEAR TO HAVE, PRIVATE OR PERSONAL INTERESTS THAT DETRACT FROM THEIR ABLIITY TO PERFORM THEIR DUTIES WITH INTEGRITY IN AN INDEPENDENT AND PURPOSEFUL MANNER. PRIVATE OR PERSONAL INTERESTS INCLUDE GAINING ANY POSSIBLE ADVANTAGE FOR THE PERSONS BOUND BY THE FIFA CODE OF ETHICS THEMSELVES, THEIR FAMILY, RELATIVES, FRIENDS AND ACQUAINTANCES. PERSONS BOUND BY THE FIFA CODE OF ETHICS MAY NOT PERFORM THEIR DUTIES IN CASES WITH AN EXISTING OR POTENTIAL CONFLICE OF INTEREST. ANY SUCH CONFLICT IS REQUIRED TO BE IMMEDIATELY DISCLOSED AND NOTIFIED TO THE ORGANIZATION FOR WHICH THE PERSON BOUND BY THE FIFA CODE OF ETHICS PERFORMS HIS DUTIES. IF AN OBJECTION IS MADE CONCERNING AN EXISTING OR POTENTIAL CONFLICT OF INTEREST OF A PERSON BOUND BY THE FIFA CODE OF ETHICS, IT SHALL BE REPORTED IMMEDIATELY TO THE ORGANIZATION FOR WHICH THE PERSON BOUND BY THE FIFA CODE OF ETHICS PERFORMS HIS DUTIES FOR APPROPRIATE MEASURES. ALL COUNCIL MEMBERS AND ALL FIFA DIRECTORS MUST ANNUALLY SIGN A CONFIRMATION WITH REGARD TO CONFLICTS OF INTERESTS AND RELATED PARTIES. THE INVESTIGATORY CHAMBER IS CHARGED WITH INVESTIGATING POTENTIAL BREACHES OF THE FIFA CODE OF ETHICS ON ITS OWN INITIATIVE AND AT ITS FULL AND INDEPENDENT DISCRETION. IF A PRIMA FACIE CASE IS FOUND, THE INVESTIGATORY CHAMBER WILL OPEN INVESTIGATION PROCEEDINGS AND CONDUCT APPROPRIATE INQUIRIES. IF A RECOMMENDATION IS MADE FOR SANCTIONING, THE PARTY'S SANCTIONABLE CONDUCT AND POSSIBLE RULE BREACHES ARE INDICATED IN A FINAL REPORT TO THE ADJUDICATORY CHAMBER. THE ADJUDICATORY CHAMBER REVIEWS THE REPORT AND DECIDES WHETHER FURTHER INVESTIGATION IS APPROPRIATE, WHETHER TO DISMISS THE CASE, OR WHETHER THE CASE SHOULD BE ADJUDICATED. IT IS ESSENTIAL THAT CONFLICTS OF INTEREST ARE IDENTIFIED AND MANAGED APPROPRIATELY. FIFA HAS ESTABLISHED A SET OF INTERNAL PROCESSES TO ENSURE THAT ANY SUCH POTENTIAL CONFLICTS OF INTEREST ARE SWIFTLY IDENTIFIED, WHICH INCLUDE: ANNUAL DECLARATIONS BY FIFA EMPLOYEES, THE FIFA MANAGEMENT AND COUNCIL MEMBERS OF POTENTIAL RELATED-PARTY TRANSACTIONS; ELIGIBILITY REVIEWS OF COUNCIL MEMBERS AND THE SECRETARY GENERAL; AND ASSESSMENTS OF PROCUREMENT PROCESSES RELATING TO ANY POTENTIAL CONFLICTS OF INTEREST WITH SUPPLIERS. RELATED-PARTY DISCLOSURES BY COUNCIL MEMBERS ARE MANAGED BY THE GOVERNANACE COMMITTEE. THE 2017 EDITION OF THE FIFA CODE OF CONDUCT EMPHASIZES THE IMPORTANCE OF IDENTIFYING POTENTIAL CONFLICT OF INTEREST. FIFA TEAM MEMBERS ARE REQUIRED TO IDENTIFY, REPORT AND ESCALATE ANY SUCH POTENTIAL CONFLICT OF INTEREST TO THEIR LINE MANAGERS AND TO THE FIFA COMPLIANCE DIVISION, AS WELL AS IN AN ANNUAL DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS - THE COMPENSATION SUB-COMMITTEE, AS DEFINED IN ART. 51 OF THE FIFA STATUTES, WAS ESTABLISHED BY THE AUDIT AND COMPLIANCE COMMITTEE, AND CONSISTS OF THE CHAIRPERSON OF FINANCE COMMITTEE, THE CHAIRPERSON OF THE AUDIT AND COMPLIANCE COMMITTEE, AND A THIRD MEMBER WHO IS JOINTLY APPOINTED BY THE TWO CHAIRPERSONS. THE THIRD MEMBER MUST FULFILL THE INDEPENDENCE CRITERIA AS DEFINED IN THE FIFA GOVERNANCE REGULATIONS. THE COMPENSATION SUB-COMMITTEE IS RESPONSIBLE FOR DEFINING THE SECRETARY GENERAL. NO PARTIES OTHER THAN THE SUB-COMMITTEE HAVE THE RIGHT TO DEFINE THE COMPENSATION OF THESE INDIVIDUALS. THE SUB-COMMITTEE ALSO MONITORS COMPLIANCE WITH THE COMPENSATION RULES, WHICH DESCRIBE THE PRINCIPLES, PRACTICES AND STANDARDS FOR THE PRESIDENT, THE VICE-PRESIDENTS, THE MEMBERS OF THE COUNCIL, AND THE SECRETARY GENERAL, AS WELL AS THE COMPENSATION OF THE CHAIRPERSON OF THE AUDIT AND COMPLIANCE COMMITTEE AND THE COSTS OF THE JUDICIAL BODIES ARE PUBLISHED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 FIFA STATUES, CODE OF ETHICS, DISCIPLINARY CODE, LAWS OF THE GAME AND FINANCIAL REPORTS ARE AVAILABLE ONLINE AT WWW.FIFA.COM. FORM 990, PART VI, LINE 10 A KEY COMPONENT OF THE AUDIT AND COMPLIANCE COMMITTEE'S MANDATE, AS STIPULATED IN THE FIFA STATUTES, IS TO OVERSEE THE DISTRIBUTION AND FLOW OF DEVELOPMENT OF FUNDS. SUPPORTED BY THE AUDIT AND COMPLIANCE COMMITTEE, THE FIFA ADMINISTRATION WORKED TO PROVIDE MUCH-NEEDED DEVELOPMENT FUNDING WHILE ALSO ENSURING THAT APPROPRIATE CONTROLS WERE IN PLACE. BY DOING SO, FIFA SUPPORTS ITS MEMBERS IN TWO WAYS: BY PROVIDING EXPERTISE TO HELP THEM STRENGTHEN THEIR CONTROLS, AND BY ALLOWING THEM TO CARRY ON DEVELOPING FOOTBALL. THE ADMINISTRATION IS INTENT ON ENSURING THAT FIFA'S ACTIVITIES ARE CONDUCTED WITH INTEGRITY. FORM 990, PART VII COMPENSATION OF KEY MANAGMENT PERSONAL - AS REQUIRED BY IFRS, FIFA QUALIFIES THE COUNCIL AND FIFA MANAGEMENT AS RELATED PARTIES. ALL COMPENSATION EARNED BY OFFICERS, DIRECTORS AND SIGNIFICANT EMPLOYEES OF FIFA WAS EARNED OUTSIDE THE UNITED STATES AND IS REVIEWED BY THE RESPONSIBLE FIFA BODY. FIFA HAS NO OFFICE, FIXED PLACE OF BUSINESS OR OTHER PERMANENT ESTABLISHMENT IN THE UNITED STATES. ACCORDING TO THE RULES AND PRINCIPLES IN PLACE FOR 2023, FIFA COUNCIL VICE-PRESIDENTS WHO ARE ALSO CONFEDERATIONS PRESIDENTS EACH RECEIVE A FIXED NET ANNUAL COMPENSATION OF USD 393,000. FIFA COUNCIL VICE PRESIDENTS WHO ARE NOT CONFEDERATIONS PRESIDENTS AND FIFA COUNCIL MEMBERS EACH RECEIVE A FIXED NET ANNUAL COMPENSATION OF USD 325,000. IN ADDITION, EACH MEMBER ALSO RECEIVES A DAILY ALLOWANCE WHILE ON DUTY USD 250, OR USD 150 IF FIFA COVERS BREAKFAST AND LUNCH OR DINNER. UNDER THE FIFA COMPENSATION, EXPENSES AND BENEFITS REGULATIONS FOR SENIOR OFFICIALS (MARCH 2017), FIFA COVERS THE EMPLOYER'S AND EMPLOYEE'S SOCIAL CONTRIBUTIONS, WHEREAS WITHOLDING TAXES ARE BEING DEDUCTED FROM THE SALARY OF THE COUNCIL MEMBER, AND PAID DIRECTLY BY FIFA TO THE TAX AUTHORITIES. FIFA DOES NOT COVER SOCIAL SECURITY CONTRIBUTIONS OR TAXES THAT MAY ALSO BE DUE IN THE COUNCIL MEMBERS' COUNTRY OF RESIDENCE. LONG-SERVING COUNCIL MEMBERS, WHICH ARE NOT FALLING UNDER THE FIFA COMPENSATION, EXPENSES AND BENEFITS REGULATIONS FOR SENIOR OFFICIALS (CEB), ARE ALSO ENTITLED TO RECEIVE ANNUAL PENSION PAYMENTS. FIFA BELIEVES THAT IT PAYS NO COMPENSATION IN RESPECT OF WHICH FORM W-2 OR 1099'S ARE REQUIRED TO BE ISSUED. COUNCIL MEMBER MAY NOT RECEIVE THE FULL USD 393,000 RESP. USD 325,000 IN 2023 DUE TO PRO-RATA CALCULATION, WHERE MEMBERS ONLY SERVE A PORTION OF THE YEAR AS AN ELECTED MEMBER. THE FIFA PRESIDENT - AS THE FIFA PRESIDENT AND AS A CHAIRMAN OF THE FIFA COUNCIL, HE RECEIVES A FIXED COMPENSATION AS WELL AS A VARIABLE COMPENSATION AND EMPLOYER CONTRIBUTIONS TO SOCIAL SECURITY. THE VARIABLE COMPENSATION IS PAID AS SHORT-TERM AND LONG-TERM VARIABLE COMPENSATION COMPONENTS, PLUS EMPLOYER CONTRIBUTIONS TO SOCIAL SECURITY. COMPENSATION OF COMMITTEE MEMBERS - UNDER THE NEW ADMINSITRATION, FIFA IS COMMITTED TO TRANSPARENCY. WHILE THE CURRENT EDITION OF THE FIFA GOVERNANCE REGULATIONS (ISSUED IN 2016) REQUIRES THE DISCLOSURE OF THE INDIVIDUAL ANNUAL COMPENSATION OF CERTAIN KEY FIGURES IN THE ORGANIZATION, FIFA IS DETERMINED TO GO FURTHER IN ENCOURAGING A CULTURE OF OPENNESS. FIFA BELIEVES THAT IT PAYS NO COMPENSATION IN RESPECT OF WHICH FORM W-2 OR 1099 IS REQUIRED TO BE ISSUED. COUNCIL MEMBERS MAY NOT RECEIVE THE FULL USD 393,000 RESP. UDS 325,000 IN 2023 DUE TO PRO-RATA CALCULATION, WHERE MEMBERS ONLY SERVE A PORTION OF THE YEAR AS AN ELECTED MEMBER. FORM 990, PART VIII, LINES 2 AND 11D ADDITIONAL DETAIL ABOUT THE "OTHER PROGRAM SERVICE REVENUE AND THE "OTHER REVENUE" MAY BE FOUND IN THE FINANCIAL STATEMENTS. FORM 990, PART VIII, IX AND XI THE STATEMENTS OF REVENUE, FUNCTIONAL EXPENSES AND BALANCE SHEET ARE BASED UPON FIFA'S FINANCIAL STATEMENTS WHICH ARE PREPARED ON A CONSOLIDATED BASIS. ALMOST ALL OF THE REVENUES, EXPENSES AND ASSETS SHOWN ON THE FINANCIAL STATEMENTS ARE FIFA'S. FORM 990, PART VIII, LINE 2 SEE RESPONSE TO PART 1, LINE 7. ADDITIONAL INFORMATION ABOUT "OTHER PROGRAM SERVICE REVENUES" IS INCLUDED IN THE FINANCIAL STATEMENTS. FORM 990, PART X, LINE 22 PENSION RESERVE THE PROVISIONS COVER THE FUTURE COSTS OF THE PENSION PLAN FOR MEMBERS OF THE FIFA COUNCIL. AN ANNUAL PENSION PAYMENT WILL BE MADE TO ALL LONG-SERVING FIFA COUNCIL MEMBERS NOT FALLING UNDER THE FIFA COMPENSATION, EXPENSES AND BENEFITS REGULATIONS FOR SENIOR OFFICIALS (CEB), WHICH ENTERED INTO FORCE ON MARCH 31, 2017, UNDER WHICH THE COMPENSATION IS LIMITED TO A MAXIMUM OF THE NUMBER OF YEARS THAT THE MEMBER HAS SERVED ON THE COUNCIL. FAMILY MEMBERS OR RELATIVES OF THE COUNCIL MEMBER ARE NOT ENTITLED TO RECEIVE ANY PAYMENTS. THE RETIREMENT PAYMENTS START IN THE FINANCIAL YEAR FOLLOWING RETIREMENT. THE FINANCIAL STATEMENT GIVES GREATER DETAIL. IN PARTICULAR, PLEASE SEE THE CONSOLIDATED STATEMENT OF CHANGES IN RESERVES IN THE FINANCIAL REPORT. FORM 990, PART XII, LINE 1 FIFA'S FINANCIAL STATEMENTS ARE ESTABLISHED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS). THE FIFA FINANCIAL REPORT 2023 INCLUDES ADDITIONAL INFORMATION WHICH SHALL GIVE MORE BACKGROUND TO THE DECLARATION MADE BY FIFA IN THIS FORM 990. FIFA'S ROYALTY INCOME IS MAINLY DERIVED FROM THE FIFA WORLD CUP, BUT USUALLY THE RESPECTIVE AGREEMENTS ALSO COVER ADDITIONAL EVENTS. THE SHARE OF THE INCOME TO BE ALLOCATED TO THE ADDITIONAL EVENTS IS NOT EXACTLY DETERMINED BUT IS A SMALL ONE ONLY. FIFA'S COMPENSATION POLICY IS DETERMINED BY THE RESPONSIBLE FIFA BODY AND IS BASED ON THE COMPENSATION LEVEL TO BE PAID ON THE SWISS AND INTERNATIONAL LABOUR MARKET FOR EXPERIENCED MANAGEMENT STAFF. MOST OF FIFA'S GOVERNING DOCUMENTS AND FIFA'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE WWW.FIFA.COM. ALL COMPENSATION EARNED BY OFFICERS, DIRECTORS AND SIGNIFICANT EMPLOYEES OF FIFA WAS EARNED OUTSIDE OF THE UNITED STATES AND IS REVIEWED BY A RESPONSIBLE FIFA BODY (SEE BELOW). FIFA HAS NO OFFICE, FIXED PLACE OF BUSINESS OR OTHER PERMANENT ESTABLISHED IN THE UNITED STATES. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 9 THE OTHER COMPREHENSIVE INCOME - TUSD 16,030,488 FIFA MUSEUM AG MUSEUM SZ FIFA C 1.00000 1 FIFA TICKETING AG TICKETING SALES SZ FIFA C 1.00000 1 FIFA DEVELOPMENT ZURICH AG SERVICE COMPANY SZ FIFA C 1.00000 1 FIFA FOUNDATION FOUNDTION SZ FIFA C 1.00000 1 2018 FIFA WORLD CUP TICKETING LLC TICKETING SALES RS FIFA TICKETING AG C 1.00000 1 FIFA WORLD CUP QATAR 2022 LLC SERVICE COMPANY QA FIFA C 0.51000 1 FIFA TICKETING LLC TICKETING SALES QA FIFA C 1.00000 1 FWWC 2023 PTY LTD SERVICE COMPANY AS FIFA C 1.00000 1 FWC 2026 US INC SERVICE COMPANY DC FIFA C 1.00000 1 FWC 2026 CANADA FOOTBALL LTD SERVICE COMPANY CA FIFA C 1.00000 1 FWC 2026 MEXICO S DE RL DE CV SERVICE COMPANY MX FIFA T 1.00000 1 FIFA CLEARING HOUSE SAS SERVICE COMPANY FR FIFA C 1.00000 1 FIFA (SG) LTD SERVICE COMPANY 100 SN FIFA C 1.00000 1 FIFA (MIAMI) INC SERVICE COMPANY 100 FL FIFA C 1.00000 1 FIFA WORLD CUP BRAZIL ASSESSORIA LTDA SERVICE COMPANY BR FIFA C 1.00000 1 HOTEL ASCOT GMBH (LIQUIDATED) HOTEL INDUSTRY SZ FIFA C 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 FIFA SUBSIDIARIES A