SFYS 2014 Fiscal Year Form 990 Please note that SFYS’s tax returns are prepared on a cash basis. During fiscal year 2015, SFYS and SF PAL agreed that SFYS would manage the spring season soccer. Because SFYS collected most spring season fees before February 28th and incurred most expenses after February 28th, the League looks unusually profitable from a tax return perspective. This is an abnormality caused by the cutoff date of its fiscal year and does not reflect the actual profitability of SFYS.