UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION (EIN 80-0939841)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-06-28
- IRS object ID
- 202201799349301610
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-06-28T17:42:45-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800939841 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED STATES OLYMPIC AND PARALYMPIC | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIT | BusinessNameControlTxt |
| Phone | 7198664541 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLYMPIC PLAZA | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80909 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MORANE B KEREK | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7198664541 | PhoneNum |
| Signature | 2022-06-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MORANE | PersonFirstNm |
| Person Last | KEREK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL ROMANO | PreparerPersonNm |
| PTIN | P00504182 | PTIN |
| Phone | 2125990100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CHRISTINE V WALSH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLYMPIC PLAZA | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80909 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $61,307,302 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TEAMUSA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | TO GENERATE PHILANTHROPIC SUPPORT FOR THE USOPC (SEE SCHEDULE O) | ActivityOrMissionDesc |
| Voting Members Governing Body | 42 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 41 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 41 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $39,601,456 | PYContributionsGrantsAmt |
| CY Contributions Grants | $50,071,859 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,862,328 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,602,530 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$25,366 | PYOtherRevenueAmt |
| CY Other Revenue | -$2,728,144 | CYOtherRevenueAmt |
| PY Total Revenue | $41,438,418 | PYTotalRevenueAmt |
| CY Total Revenue | $49,946,245 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $28,661,718 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $33,805,501 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $570,120 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $623,968 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $9,250,403 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,630,651 | PYOtherExpensesAmt |
| CY Other Expenses | $10,563,318 | CYOtherExpensesAmt |
| PY Total Expenses | $38,862,489 | PYTotalExpensesAmt |
| CY Total Expenses | $44,992,787 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,575,929 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,953,458 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $59,623,440 | TotalAssetsBOYAmt |
| Total Assets EOY | $53,358,562 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,968,648 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,052,850 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,654,792 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $37,305,712 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $33,805,501 | ExpenseAmt |
| Grant | $33,805,501 | GrantAmt |
| Desc | THE UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION (USOPF) GRANTED FUNDS TO THE U.S. OLYMPIC AND PARALYMPIC COMMITTEE FOR FURTHER SUPPORT OF U.S. OLYMPIC AND PARALYMPIC ATHLETES. | Desc |
| Total Program Service Expenses | $33,805,501 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 42 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 41 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORANE B KEREK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7198664823 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLYMPIC PLAZA | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 809095746 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| SARAH C HIRSHLAND | |||||||
| EX-OFFICIO AS CEO OF USOPC | 11.00 | 44.00 | Yes (X) | $0 | $972,243 | $35,593 | |
| DWIGHT W ANDERSON | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TIM M NANCY A ARMSTRONG | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TRACEY EDWARD BEDFORD | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES M BENSON | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RAY BINGHAM | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL CARTER | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN CLIFFORD | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT L MOLLY COHEN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TONY ROBYN A COLES | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PHILIP CORBOY | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GORDON CRAWFORD | |||||||
| CHAIRMAN OF THE BOARD | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BRIAN DEEVY | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JACQUELINE CHRISTIAN ERDMAN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN D GOLDMAN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOANIE HALL | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT ALICIA MINANA LOVELACE | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SUSANNE D LYONS | |||||||
| EX-OFFICIO | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DUDLEY JOHN G MACFARLANE III | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN W LYNDA MARREN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ARIA MEHRABI | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS M JOY A MISTELE | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CORINNE H NEVINNY | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN ERICA PENN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN SCHNABEL ED PLUMMER | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BRAD TRACEY POWELL | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ANTHONY PRITZKER | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GARY E YUCCA RIESCHEL | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHNATHAN ROBERTSON | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DMITRI LISA SHKLOVSKY | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BARRY STERNLICHT | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MARK MARY STEVENS | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| STEVEN F STRANDBERG | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BENJAMIN SUTTON JR | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GEOFF YANG | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SHEILA WILLIAM WALKER | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JULIE GARY KILLIAN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ROBIN COURT LORENZINI | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MARI NAKACHI DANIEL SIMKOWITZ | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LORI MARTIN WEINSTEIN | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ANDIE DOYLE | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL RAY | |||||||
| DIRECTOR | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTOPHER MCCLEARY | |||||||
| SECRETARY (THRU 01/2021) | 3.00 | 52.00 | $0 | $487,165 | $41,979 | Yes (X) | |
| MORANE B KEREK | |||||||
| TREASURER | 3.00 | 52.00 | $0 | $371,215 | $44,068 | Yes (X) | |
| CHRISTINE V WALSHE | |||||||
| PRESIDENT | 55.00 | 0.00 | $0 | $409,853 | $15,379 | Yes (X) | |
| KATHERINE DESTEFANO | |||||||
| SECRETARY (AS OF 01/2021) | 24.00 | 24.00 | $0 | $156,235 | $5,223 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,396,711 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $142,242 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| US OLYMPIC & PARALYMPIC COMMITTEE | |||||
| 1 OLYMPIC PLAZA | COLORADO SPRINGS | CO | 80909 | MANAGEMENT FEES | $4,475,719 |
| DONOR VOICE | |||||
| 11710 PLAZA AMERICA | RESTON | VA | 20190 | FUNDRAISING SERVICE | $409,394 |
| MIGHTYHIVE INC | |||||
| 28865 NETWORK PLACE | CHICAGO | IL | 606731288 | WEBSITE SERVICES | $299,446 |
| FORWARD PMX | |||||
| ONE WORLD TRADE CENTER | NEW YORK | NY | 10007 | FUNDRAISING SERVICES | $214,574 |
| FACEBOOK INC | |||||
| 15161 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | FUNDRAISING SOLICITATION | $213,033 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $38,675 | FundraisingAmt |
| Related Organizations | $13,957,914 | RelatedOrganizationsAmt |
| All Other Contributions | $36,075,270 | AllOtherContributionsAmt |
| Noncash Contributions | $7,101,230 | NoncashContributionsAmt |
| Total Contributions | $50,071,859 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,602,530 | TotalRevenueColumnAmt |
| Exclusion | $2,602,530 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,968 | TotalRevenueColumnAmt |
| Exclusion | $8,968 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,054,372 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,054,372 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $1,569,573 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $38,675 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $4,306,685 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,737,112 | TotalRevenueColumnAmt |
| Exclusion | -$2,737,112 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,946,245 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$125,614 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,805,501 | TotalAmt |
| Program Services | $33,805,501 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,475,719 | TotalAmt |
| Management And General | $1,596,443 | ManagementAndGeneralAmt |
| Fundraising | $2,879,276 | FundraisingAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $623,968 | TotalAmt |
| Fundraising | $623,968 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,212,709 | TotalAmt |
| Management And General | $120 | ManagementAndGeneralAmt |
| Fundraising | $1,212,589 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $718,329 | TotalAmt |
| Management And General | $9,484 | ManagementAndGeneralAmt |
| Fundraising | $708,845 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,101 | TotalAmt |
| Management And General | $4,901 | ManagementAndGeneralAmt |
| Fundraising | $50,200 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $536,828 | TotalAmt |
| Management And General | $34,738 | ManagementAndGeneralAmt |
| Fundraising | $502,090 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,503,141 | TotalAmt |
| Management And General | $243,096 | ManagementAndGeneralAmt |
| Fundraising | $1,260,045 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $155,834 | TotalAmt |
| Management And General | $20,455 | ManagementAndGeneralAmt |
| Fundraising | $135,379 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| POSTAGE AND SHIPPING | $1,017,518 | $3,054 | $1,014,464 |
| GAMES EXPENSES | $590,055 | $590,055 | |
| ALL OTHER EXPENSES | $276,463 | $23,193 | $253,270 |
| DUES, SUBS & PROF LICEN | $21,621 | $1,399 | $20,222 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,992,787 | TotalAmt |
| Program Services | $33,805,501 | ProgramServicesAmt |
| Management And General | $1,936,883 | ManagementAndGeneralAmt |
| Fundraising | $9,250,403 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,306,462 | BOYAmt |
| EOY | $20,332,231 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,861,787 | BOYAmt |
| EOY | $240,650 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,407,342 | BOYAmt |
| EOY | $6,518,279 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $301,842 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,006 | BOYAmt |
| EOY | $266,131 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,182,278 | BOYAmt |
| EOY | $15,521,877 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,733,565 | BOYAmt |
| EOY | $10,177,552 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,623,440 | BOYAmt |
| EOY | $53,358,562 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,114 | BOYAmt |
| EOY | $2,268,080 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,667,718 | BOYAmt |
| EOY | $13,713,799 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,856 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,960 | BOYAmt |
| EOY | $70,971 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,968,648 | BOYAmt |
| EOY | $16,052,850 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,150,733 | BOYAmt |
| EOY | $909,041 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,504,059 | BOYAmt |
| EOY | $36,396,671 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,654,792 | BOYAmt |
| EOY | $37,305,712 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,623,440 | BOYAmt |
| EOY | $53,358,562 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,953,458 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,656,764 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | $40,698 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,871,962 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $36,905,439 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $39,805,877 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $39,601,456 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $50,071,859 | CurrentTaxYearAmt |
| Total | $197,256,593 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,871,962 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $36,905,439 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $39,805,877 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $39,601,456 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $50,071,859 | CurrentTaxYearAmt |
| Total | $197,256,593 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,291,283 | SubstantialContributorsTotAmt |
| Public Support Total170 | $190,965,310 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $393,103 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $224,299 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $453,232 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,869,945 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,611,498 | CurrentTaxYearAmt |
| Total | $5,552,077 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $9,558 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,569,673 | CurrentTaxYearAmt |
| Total | $1,579,231 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $204,387,901 | TotalSupportAmt |
| Public Support CY170 | 0.93430 | PublicSupportCY170Pct |
| Public Support PY170 | 0.96140 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | FUNDRAISING INCOME - 2020 AMOUNT: $ 9,558. 2021 AMOUNT: $ 48,817. OTHER REVENUE FOR HOSPITALITY PROGRAM - 2021 AMOUNT: $ 1,520,856. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,544,757 | BeginningYearBalanceAmt |
| Contributions | $14,037,130 | ContributionsAmt |
| Investment Earnings Or Losses | $4,036,802 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,222,018 | GrantsOrScholarshipsAmt |
| End Year Balance | $36,396,671 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,930,573 | BeginningYearBalanceAmt |
| Contributions | $23,396,356 | ContributionsAmt |
| Investment Earnings Or Losses | $2,970,543 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,752,715 | GrantsOrScholarshipsAmt |
| End Year Balance | $24,544,757 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,207,750 | BeginningYearBalanceAmt |
| Contributions | $24,458,688 | ContributionsAmt |
| Investment Earnings Or Losses | $1,355,285 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $26,091,150 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,930,573 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,755,298 | BeginningYearBalanceAmt |
| Contributions | $22,832,538 | ContributionsAmt |
| Investment Earnings Or Losses | $237,313 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $22,617,399 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,207,750 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,092,589 | BeginningYearBalanceAmt |
| Contributions | -$12,543,077 | ContributionsAmt |
| Investment Earnings Or Losses | $543,726 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,337,940 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,755,298 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.54100 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.45900 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE SECURITIES | Desc |
| Book Value | $10,177,552 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $10,177,552 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SPLIT INTEREST PAYABLE | Desc |
| Amt | $70,971 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $70,971 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE USOPF, ON BEHALF OF THE USOPC ACCEPTS DONATIONS OF HISTORICAL OLYMPIC TORCHES, OLYMPIC AND PARALYMPIC MEDALS AND OTHER OLYMPIC AND PARALYMPIC ARTIFACTS, WHICH HELP PRESERVE THE HISTORY OF THE OLYMPIC AND PARALYMPIC MOVEMENT IN THE UNITED STATES. |
| PART V, LINE 4: | ENDOWMENT THE ENDOWMENT IS INTENDED TO SUPPORT THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE IN FURTHERING SUPPORT OF OLYMPIC AND PARALYMPIC ATHLETES. |
| PART X, LINE 2: | FIN 48 (ASC) FOOTNOTE THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE UNDER IRC SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). THE FOUNDATION IS ALSO A PUBLIC CHARITY UNDER IRC SECTION 509(A). THE FOUNDATION DID NOT HAVE MATERIAL AMOUNTS OF UNRELATED BUSINESS TAXABLE INCOME DURING THE YEAR ENDED DECEMBER 31, 2021. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE-LIKELY-THAN-NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| NORTH AMERICA | 0 | 0 | FUNDRAISING | N/A | $13,876 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | FUNDRAISING | N/A | $8,382 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | FUNDRAISING | N/A | $101 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $22,359 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $22,359 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| DONOR VOICE | ||||||||
| 11710 PLAZA AMERICA | RESTON | VA | 20190 | ANNUAL CAMPAIGN FUND | 0 | $0 | $409,394 | $0 |
| FORWARD PMX | ||||||||
| ONE WORLD TRADE CENTER | NEW YORK | NY | 10007 | ANNUAL CAMPAIGN FUND | 0 | $0 | $214,574 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $623,968 | TotalRetainedByContractorsAmt |
| Licensed States | AL | LicensedStatesCd |
| Licensed States | AK | LicensedStatesCd |
| Licensed States | AZ | LicensedStatesCd |
| Licensed States | AR | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | CO | LicensedStatesCd |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | DE | LicensedStatesCd |
| Licensed States | DC | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | GA | LicensedStatesCd |
| Licensed States | HI | LicensedStatesCd |
| Licensed States | ID | LicensedStatesCd |
| Licensed States | IL | LicensedStatesCd |
| Licensed States | IN | LicensedStatesCd |
| Licensed States | IA | LicensedStatesCd |
| Licensed States | KS | LicensedStatesCd |
| Licensed States | KY | LicensedStatesCd |
| Licensed States | LA | LicensedStatesCd |
| Licensed States | ME | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | MI | LicensedStatesCd |
| Licensed States | MN | LicensedStatesCd |
| Licensed States | MS | LicensedStatesCd |
| Licensed States | MO | LicensedStatesCd |
| Licensed States | MT | LicensedStatesCd |
| Licensed States | NE | LicensedStatesCd |
| Licensed States | NV | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NM | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | NC | LicensedStatesCd |
| Licensed States | ND | LicensedStatesCd |
| Licensed States | OH | LicensedStatesCd |
| Licensed States | OK | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | RI | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
| Licensed States | SD | LicensedStatesCd |
| Licensed States | TN | LicensedStatesCd |
| Licensed States | TX | LicensedStatesCd |
| Licensed States | UT | LicensedStatesCd |
| Licensed States | VT | LicensedStatesCd |
| Licensed States | VA | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
| Licensed States | WI | LicensedStatesCd |
| Licensed States | WY | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | SILENT AUCTION | Event1Nm |
| Gross Receipts Event1 | $87,492 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $38,675 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $48,817 | GrossRevenueEvent1Amt |
| Event2 | GAMES HOSPITALITY | Event2Nm |
| Gross Receipts Event2 | $1,520,756 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $1,520,756 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $4,306,685 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $1,608,248 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $38,675 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $1,569,573 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,306,685 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $4,306,685 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$2,737,112 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1, COLUMN IV | CAMPAIGN REVENUE PROFESSIONAL FUNDRAISERS ASSIST WITH THE OVERALL ORGANIZATION AND STRATEGY OF USOPF'S ANNUAL FUND CAMPAIGN. AS A RESULT, GROSS RECEIPTS FROM THE ACTIVITY ARE NOT ALLOCATED TO EACH PROFESSIONAL FUNDRAISING SERVICE. REVENUES FOR THE CAMPAIGN TOTALED $5,215,334. |
| PART II, LINE 1, COLUMN B | AS PART OF ONGOING OPERATIONS, THE USOPF DEVELOPS A HOSPITALITY PROGRAM ANCHORED AROUND EACH OLYMPIC GAMES (GAMES). DONORS ARE ENCOURAGED TO JOIN THE FOUNDATION AT THE GAMES. USOPF COMMITS RESOURCES TO SECURE HOSPITALITY PACKAGES (HOTELS, TRANSPORTATION, TICKETS ETC.). DUE TO THE BAN ON SPECTATORS AT THE TOKYO GAMES, THE HOSPITALITY PROGRAM WAS CANCELLED. USOPF ENDEAVORED TO RECOVER DEPOSITS AND OTHER PREPAID EXPENSES FROM VENDORS. FURTHER, DONORS PURCHASED PACKAGES FROM THE USOPF AND PAID INSTALLMENTS LEADING UP TO THE GAMES. MANY DONORS WERE ISSUED A REFUND FOR PARTIAL OR FULL PACKAGE COSTS. THE RECONCILIATION OF THE PROGRAM RESULTED IN A NET LOSS OF $2.8 MILLION. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 OLYMPIC PLAZA | AddressLine1Txt |
| City | COLORADO SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80909 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 131548339 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $33,805,501 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | PROGRAM SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE USOPF TRANSFERS RESTRICTED GRANTS TO THE USOPC UPON CASH RECEIPT OF A RESTRICTED GIFT. THE USOPC RELEASES FUNDS WHEN IT HAS SUBSTANTIATED IT HAS SATISFIED ANY DONOR IMPOSED RESTRICTIONS ON THE CONTRIBUTIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SARAH C HIRSHLAND | ||||||||||||||
| EX-OFFICIO AS CEO OF USOPC | $0 | $626,033 | $0 | $325,000 | $0 | $21,210 | $0 | $14,500 | $0 | $21,093 | $0 | $1,007,836 | $0 | $0 |
| CHRISTOPHER MCCLEARY | ||||||||||||||
| SECRETARY (THRU 01/2021) | $0 | $371,123 | $0 | $116,042 | $0 | $0 | $0 | $14,500 | $0 | $27,479 | $0 | $529,144 | $0 | $0 |
| CHRISTINE V WALSHE | ||||||||||||||
| PRESIDENT | $0 | $295,523 | $0 | $94,515 | $0 | $19,815 | $0 | $14,500 | $0 | $879 | $0 | $425,232 | $0 | $0 |
| MORANE B KEREK | ||||||||||||||
| TREASURER | $0 | $282,415 | $0 | $88,130 | $0 | $670 | $0 | $14,500 | $0 | $29,568 | $0 | $415,283 | $0 | $0 |
| KATHERINE DESTEFANO | ||||||||||||||
| SECRETARY (AS OF 01/2021) | $0 | $140,086 | $0 | $0 | $0 | $16,149 | $0 | $0 | $0 | $5,223 | $0 | $161,458 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE PRESIDENT IS AN EMPLOYEE OF THE USOPC, SERVING AS ITS CHIEF DEVELOPMENT OFFICER, AND IS SUBJECT TO THE SAME COMPENSATION ANALYSIS AND APPROVAL PROCESS AS ALL OTHER USOPC KEY EMPLOYEES. THE USOPF BOARD OF DIRECTORS DOES NOT DIRECTLY CONDUCT THE PROCESS FOR DETERMINING APPROPRIATE COMPENSATION OF THE PRESIDENT. THE USOPC PROCESS INCLUDES, BUT IS NOT LIMITED TO, UTILIZING NATIONALLY AND REGIONALLY AVAILABLE INDEPENDENT SALARY SURVEY DATA AND ECONOMIC CONDITIONS DATA TO ESTABLISH THE SALARY RANGE FOR THE POSITION. FINAL DETERMINATION OF THE SALARY RANGE MAY ALSO TAKE INTO ACCOUNT AVAILABLE DATA REGARDING SALARIES PAID FOR SIMILAR JOBS IN THE MARKETPLACE AS WELL AS INTERNAL EQUITY CONSIDERATIONS. THE COMPENSATION AMOUNTS AND POLICIES ARE PRESENTED TO AN INDEPENDENT COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS AND MANAGEMENT FOR APPROVAL. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 35 | ContributionCnt |
| Noncash Contributions Rpt F990 | $7,054,372 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Collectibles CollectiblesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | AUCTION ITEMS | 14 | $38,675 | FMV |
| Yes (X) | EVENT HOSTING | 1 | $8,183 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBERS LISTED IN PART 1, COLUMN (B) REFLECT THE NUMBER OF CONTRIBUTIONS FOR EACH ITEM. |
| PART I, LINE 32B: | THE FOUNDATION HAS RETAINED THE SERVICES OF MERILL LYNCH TO SELL THE SECURITIES IT RECEIVES AS CONTRIBUTIONS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | ORGANIZATION'S MISSION (CONT) WHOSE MISSION IS TO EMPOWER TEAM USA ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE EXCELLENCE AND WELL-BEING. |
| FORM 990, PART III, LINE 1 | ORGANIZATION'S MISSION TO GENERATE PHILANTHROPIC SUPPORT FOR THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (USOPC) WHOSE MISSION IS TO EMPOWER TEAM USA ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE EXCELLENCE AND WELL-BEING. |
| FORM 990, PART VI, SECTION A, LINE 1A | EXECUTIVE COMMITTEE THE FOUNDATION SHALL HAVE AS A STANDING COMMITTEE AN EXECUTIVE COMMITTEE CONSISTING OF AT LEAST THREE (3) AND NO MORE THAN ELEVEN (11) MEMBERS OF THE BOARD OF DIRECTORS, WITH ALL SUCH COMMITTEE MEMBERS APPOINTED ANNUALLY BY THE BOARD CHAIR WITH THE APPROVAL OF THE USOPC, AS SOLE CORPORATE MEMBER; PROVIDED THAT AT ALL TIMES THE BOARD CHAIR, THE USOPC CEO, AND THE USOPC CHAIR SHALL EACH BE ONE OF THE APPOINTEES SERVING ON SUCH COMMITTEE. THE PRESIDENT OF THE FOUNDATION SHALL SERVE AS STAFF LIAISON TO THE EXECUTIVE COMMITTEE, PARTICIPATING IN ALL EXECUTIVE COMMITTEE MEETINGS, BUT SHALL HAVE NO VOTING RIGHTS AND NOT COUNT TOWARDS ANY QUORUM REQUIREMENTS. WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF DIRECTORS, EXCEPT TO THE EXTENT, IF ANY, THAT SUCH AUTHORITY SHALL BE LIMITED BY THE FOUNDATION'S BYLAWS OR BY RESOLUTION OF THE ENTIRE BOARD OF DIRECTORS (APPROVED BY THE MEMBER). NOTWITHSTANDING THE FOREGOING OR ANYTHING TO THE CONTRARY CONTAINED HEREIN, NEITHER THE EXECUTIVE COMMITTEE NOR ANY OTHER COMMITTEE SHALL HAVE THE POWER TO AMEND THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE FOUNDATION, ALTER ANY RESTRICTION IMPOSED ON GRANT FUNDS WITHIN SECTION 3.1 OF THE BYLAWS, OR TO FILL VACANCIES ON THE FOUNDATION BOARD OTHER THAN THROUGH THE PROCESS SET OUT IN SECTION 3.2(B) OF THE BYLAWS, OR TO REMOVE ANY MEMBERS OF THE FOUNDATION BOARD, OR TO CREATE ANY FOUNDATION BOARD COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 3 | MANAGEMENT AGREEMENT THE USOPF HAS ENTERED INTO A SERVICE AGREEMENT WITH THE USOPC, A RELATED PARTY, WHEREBY CERTAIN SERVICES ARE PROVIDED BY THE USOPC. THESE INCLUDE MANAGEMENT SERVICES OF THE USOPC CEO, CFO AND OTHER MANAGEMENT. SEE SCHEDULE R FOR MORE DETAILS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE USOPF HAS ONE CLASS OF MEMBERSHIP, WHICH HAS VOTING RIGHTS AND CONSISTS OF ONE CORPORATE MEMBER, THE USOPC. |
| FORM 990, PART VI, SECTION A, LINE 7A | POWER TO APPOINT THE BUSINESS AND AFFAIRS OF THE USOPF ARE MANAGED BY OR UNDER THE DIRECTION OF THE USOPF BOARD. THE ACTIVITIES OF THE USOPF BOARD SHALL BE LIMITED TO FUNDRAISING, AND MAINTAINING AND INVESTING ENDOWMENT FUNDS, FOR THE BENEFIT OF THE USOPC AS THE SOLE MEMBER. ANY ACTION REQUIRED OR PERMITTED TO BE TAKEN AT A MEETING OF THE MEMBERSHIP MAY BE TAKEN WITHOUT A MEETING IF A CONSENT IN WRITING, SETTING FORTH SUCH ACTION IS SIGNED BY THE MEMBER, AND SUCH WRITTEN CONSENT IS FILED WITH THE MINUTES OF THE PROCEEDINGS OF THE MEMBERSHIP. THE SOLE MEMBER, USOPC, MAY TAKE ANY LAWFUL ACTION ON BEHALF OF THE USOPF SO LONG AS IN WRITING. |
| FORM 990, PART VI, SECTION A, LINE 7B | GOVERNANCE DECISIONS USOPF BOARD MEMBERS HAVE THE SAME VOTING RIGHTS. ALL BOARD MEMBERS HAVE A SINGLE VOTE. HOUSEHOLD BOARD MEMBERS, THAT IS INDIVIDUALS OR SPOUSES ACTING IN CONCERT, HAVE ONLY ONE VOTE PER HOUSEHOLD. HOWEVER, THE USOPC, AS THE SOLE MEMBER OF THE USOPF, HAS APPROVAL AUTHORITY FOR MOST ACTIONS THAT THE BOARD CAN TAKE BY VOTE. THIS AUTHORITY INCLUDES: APPOINTMENT OF COMMITTEE MEMBERS; ELECTION OF NEW BOARD MEMBERS, ETC. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW THE FINANCE COMMITTEE OF THE USOPF IS CHARGED WITH OVERSEEING THE ACCOUNTING AND FINANCIAL REPORTING PROCESSES OF THE FOUNDATION AND THE REVIEW OF THE FOUNDATION'S FINANCIAL STATEMENTS. THE FINANCE COMMITTEE HAS BEEN PROVIDED WITH A COMPLETE COPY OF THE FORM 990 AND THE OPPORTUNITY TO DISCUSS ISSUES OR CONCERNS WITH THE FINANCE COMMITTEE CHAIR AND TREASURER OF THE FOUNDATION PRIOR TO SUBMISSION, WITH THE EXCEPTION THAT THE USOPF HONORS A DONOR'S REQUEST FOR ANONYMITY AS TO DONOR OR GIFT AMOUNT. ALL OTHER MEMBERS OF THE USOPF BOARD HAVE BEEN PROVIDED WITH THE FORM 990, EXCEPT CERTAIN, ANONYMOUS DONOR INFORMATION WHICH DOES NOT LIMIT THEIR ABILITY TO REVIEW THE FORM 990 FOR COMPLETION AND ACCURACY. THE TREASURER AND CHAIR OF THE FINANCE COMMITTEE MEET OR CONDUCT TELEPHONE CONFERENCES WITH THE USOPF'S BOARD MEMBERS TO ADDRESS ANY QUESTIONS OR CONCERNS. THE TREASURER WILL TAKE IMMEDIATE ACTION TO ADDRESS ANY OUTSTANDING MATTERS PRIOR TO FILING RESULTING FROM THE FINANCE COMMITTEE REVIEW AND FULL BOARD REVIEW. THE FINANCE COMMITTEE REVIEWS THE COMPLETE 990 AND RECOMMENDS FORMAL APPROVAL TO THE USOPC FINANCE, AUDIT AND RISK COMMITTEE WHO APPROVES PRIOR TO THE USOPF 990 BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE USOPF REQUIRES OFFICERS AND BOARD MEMBERS TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST THROUGH A VOLUNTARY DISCLOSURE PROCESS. ANY POTENTIAL CONFLICTS REPORTED BY BOARD MEMBERS OR OFFICERS ARE REVIEWED BY THE USOPF PRESIDENT, USOPF SECRETARY, AND THE ETHICS OFFICER OF THE USOPC. DISCLOSURES THAT GIVE RISE TO ACTUAL CONFLICTS ARE COMMUNICATED TO THE DISCLOSING MEMBER. ANY CONFLICTS ARE HANDLED PRIVATELY AND INDIVIDUALLY AND MAY INCLUDE BROADER DISCLOSURE OF THE CONFLICT TO THE BOARD, SPECIFICALLY IF IT RELATES TO A FINANCIAL INTEREST. THIS CREATES A FIREWALL REGARDING ISSUES ON WHICH THE BOARD MEMBER IS CONFLICTED AND ANY POTENTIAL REQUEST OF RESIGNATION OR OTHER SUCH REMEDIES. |
| FORM 990, PART VI, SECTION B, LINE 15 | EXECUTIVE COMPENSATION THE USOPF DOES NOT HAVE EMPLOYEES. COMPENSATION IS SET AND PAID BY THE USOPC AND THEREFORE USOPF UTILIZES THE COMPENSATION SETTING POLICIES OF THE USOPC. COMPENSATION SETTING PRACTICES INCLUDE THE USE OF A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABLE DATA FROM FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS AND APPROVAL BY THE BOARD OR A COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC DISCLOSURE THE USOPF'S BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE ON THE USOPF'S WEBSITE. ALL OTHER DOCUMENTS ARE MADE AVAILABLE TO THE EXTENT REQUIRED BY LAW. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| US OLYMPIC & PARALYMPIC COMMITTEE | ||||||||||
| 1 OLYMPIC PLAZA | COLORADO SPRINGS | CO | 80909 | 131548339 | ATH. SUPPORT | CO | 501(C)(3) | LINE 7 | N/A | 0 |
| UNITED STATES OLYMPIC ENDOWMENT | ||||||||||
| 10 LAKE CIRCLE | COLORADO SPRINGS | CO | 80906 | 742327838 | ENDOWMENT | CO | 501(C)(3) | LINE 12A, I | N/A | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1ForeignAddress/AddressLine1Txt | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARITABLE REMAINDER TRUST (1) | |||||||||||||
| 1 OLYMPIC PLAZA | COLORADO SPRINGS | CO | 80909 | TRUST | CO | USOPF | T | 1.00000 | Yes (1) | ||||
| USOC HOSPITALITY SERVICOS COMERCIO | |||||||||||||
| PROMOTE OLYMPICS | USOPC | C | 0.01000 | 0 | AVENIDA VIEIRA SOUTO NO 22 | IPANEMA | BR | BR | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R, PART II | FormAndLineReferenceDesc |
| Explanation | THE USOPF HAS ENTERED INTO A SERVICE AGREEMENT WITH THE USOPC, A RELATED PARTY, FOR THE PURPOSES OF OBTAINING THE USE OF CERTAIN SERVICES, PERSONNEL, ASSETS AND FACILITIES, AND THE LIMITED RIGHT TO LICENSE AND USE CERTAIN INTELLECTUAL PROPERTY OF THE USOPC, TO ASSIST AND/OR FACILITATE THE USOPF IN THE PERFORMANCE OF ITS FUNDRAISING MISSION. THE USOPC PROVIDED A GRANT TO THE USOPF TO UNDERWRITE THE USOPF'S GENERAL, ADMINISTRATIVE AND FUNDRAISING EXPENSES. | ExplanationTxt |
Comments