2022-06-28T17:42:45-05:00 2021-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-01-01 800939841 UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION UNIT 7198664541 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 MORANE B KEREK TREASURER 7198664541 2022-06-28 1 MORANE KEREK XXX-XX-XXXX DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CHRISTINE V WALSH 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 61307302 0 X WWW.TEAMUSA.ORG X 2013 CO TO GENERATE PHILANTHROPIC SUPPORT FOR THE USOPC (SEE SCHEDULE O) 42 41 0 41 0 0 39601456 50071859 0 0 1862328 2602530 -25366 -2728144 41438418 49946245 28661718 33805501 0 0 0 0 570120 623968 9250403 9630651 10563318 38862489 44992787 2575929 4953458 59623440 53358562 28968648 16052850 30654792 37305712 X SEE SCHEDULE O 0 0 33805501 33805501 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. 33805501 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 42 41 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WV WI X X MORANE B KEREK 7198664823 1 OLYMPIC PLAZA COLORADO SPRINGS CO 809095746 SARAH C HIRSHLAND EX-OFFICIO AS CEO OF USOPC 11.00 44.00 X 0 972243 35593 DWIGHT W ANDERSON DIRECTOR 0.50 0.00 X 0 0 0 TIM M NANCY A ARMSTRONG DIRECTOR 0.50 0.00 X 0 0 0 TRACEY EDWARD BEDFORD DIRECTOR 0.50 0.00 X 0 0 0 JAMES M BENSON DIRECTOR 0.50 0.00 X 0 0 0 RAY BINGHAM DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL CARTER DIRECTOR 0.50 0.00 X 0 0 0 KEVIN CLIFFORD DIRECTOR 0.50 0.00 X 0 0 0 ROBERT L MOLLY COHEN DIRECTOR 0.50 0.00 X 0 0 0 TONY ROBYN A COLES DIRECTOR 0.50 0.00 X 0 0 0 PHILIP CORBOY DIRECTOR 0.50 0.00 X 0 0 0 GORDON CRAWFORD CHAIRMAN OF THE BOARD 5.00 0.00 X X 0 0 0 BRIAN DEEVY DIRECTOR 0.50 0.00 X 0 0 0 JACQUELINE CHRISTIAN ERDMAN DIRECTOR 0.50 0.00 X 0 0 0 JOHN D GOLDMAN DIRECTOR 0.50 0.00 X 0 0 0 JOANIE HALL DIRECTOR 0.50 0.00 X 0 0 0 ROBERT ALICIA MINANA LOVELACE DIRECTOR 0.50 0.00 X 0 0 0 SUSANNE D LYONS EX-OFFICIO 0.50 0.00 X 0 0 0 DUDLEY JOHN G MACFARLANE III DIRECTOR 0.50 0.00 X 0 0 0 JOHN W LYNDA MARREN DIRECTOR 0.50 0.00 X 0 0 0 ARIA MEHRABI DIRECTOR 0.50 0.00 X 0 0 0 THOMAS M JOY A MISTELE DIRECTOR 0.50 0.00 X 0 0 0 CORINNE H NEVINNY DIRECTOR 0.50 0.00 X 0 0 0 KEVIN ERICA PENN DIRECTOR 0.50 0.00 X 0 0 0 SUSAN SCHNABEL ED PLUMMER DIRECTOR 0.50 0.00 X 0 0 0 BRAD TRACEY POWELL DIRECTOR 0.50 0.00 X 0 0 0 ANTHONY PRITZKER DIRECTOR 0.50 0.00 X 0 0 0 GARY E YUCCA RIESCHEL DIRECTOR 0.50 0.00 X 0 0 0 JOHNATHAN ROBERTSON DIRECTOR 0.50 0.00 X 0 0 0 DMITRI LISA SHKLOVSKY DIRECTOR 0.50 0.00 X 0 0 0 BARRY STERNLICHT DIRECTOR 0.50 0.00 X 0 0 0 MARK MARY STEVENS DIRECTOR 0.50 0.00 X 0 0 0 STEVEN F STRANDBERG DIRECTOR 0.50 0.00 X 0 0 0 BENJAMIN SUTTON JR DIRECTOR 0.50 0.00 X 0 0 0 GEOFF YANG DIRECTOR 0.50 0.00 X 0 0 0 SHEILA WILLIAM WALKER DIRECTOR 0.50 0.00 X 0 0 0 JULIE GARY KILLIAN DIRECTOR 0.50 0.00 X 0 0 0 ROBIN COURT LORENZINI DIRECTOR 0.50 0.00 X 0 0 0 MARI NAKACHI DANIEL SIMKOWITZ DIRECTOR 0.50 0.00 X 0 0 0 LORI MARTIN WEINSTEIN DIRECTOR 0.50 0.00 X 0 0 0 ANDIE DOYLE DIRECTOR 0.50 0.00 X 0 0 0 MICHAEL RAY DIRECTOR 0.50 0.00 X 0 0 0 CHRISTOPHER MCCLEARY SECRETARY (THRU 01/2021) 3.00 52.00 X 0 487165 41979 MORANE B KEREK TREASURER 3.00 52.00 X 0 371215 44068 CHRISTINE V WALSHE PRESIDENT 55.00 0.00 X 0 409853 15379 KATHERINE DESTEFANO SECRETARY (AS OF 01/2021) 24.00 24.00 X 0 156235 5223 0 2396711 142242 0 0 1 0 US OLYMPIC & PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 MANAGEMENT FEES 4475719 DONOR VOICE 11710 PLAZA AMERICA RESTON VA 20190 FUNDRAISING SERVICE 409394 MIGHTYHIVE INC 28865 NETWORK PLACE CHICAGO IL 606731288 WEBSITE SERVICES 299446 FORWARD PMX ONE WORLD TRADE CENTER NEW YORK NY 10007 FUNDRAISING SERVICES 214574 FACEBOOK INC 15161 COLLECTIONS CENTER DR CHICAGO IL 60693 FUNDRAISING SOLICITATION 213033 5 38675 13957914 36075270 7101230 50071859 2602530 2602530 8968 8968 7054372 7054372 0 0 1569573 38675 4306685 -2737112 -2737112 49946245 0 0 -125614 33805501 33805501 4475719 1596443 2879276 623968 623968 1212709 120 1212589 718329 9484 708845 55101 4901 50200 536828 34738 502090 1503141 243096 1260045 155834 20455 135379 POSTAGE AND SHIPPING 1017518 3054 1014464 GAMES EXPENSES 590055 590055 ALL OTHER EXPENSES 276463 23193 253270 DUES, SUBS & PROF LICEN 21621 1399 20222 44992787 33805501 1936883 9250403 33306462 20332231 2861787 240650 4407342 6518279 0 301842 132006 266131 0 0 0 0 10182278 15521877 8733565 10177552 0 0 59623440 53358562 228114 2268080 28667718 13713799 3856 0 68960 70971 28968648 16052850 X 6150733 909041 24504059 36396671 30654792 37305712 59623440 53358562 4953458 1656764 40698 0 X 0 1 X 1 0 X 30871962 36905439 39805877 39601456 50071859 197256593 30871962 36905439 39805877 39601456 50071859 197256593 6291283 190965310 393103 224299 453232 1869945 2611498 5552077 9558 1569673 1579231 204387901 0.93430 0.96140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2020 AMOUNT: $ 9,558. 2021 AMOUNT: $ 48,817. OTHER REVENUE FOR HOSPITALITY PROGRAM - 2021 AMOUNT: $ 1,520,856. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 24544757 14037130 4036802 6222018 36396671 12930573 23396356 2970543 14752715 24544757 13207750 24458688 1355285 26091150 12930573 12755298 22832538 237313 22617399 13207750 30092589 -12543077 543726 5337940 12755298 0.54100 0.45900 0 1 1 0 0 0 0 0 ALTERNATIVE SECURITIES 10177552 C 10177552 SPLIT INTEREST PAYABLE 70971 70971 X 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. NORTH AMERICA 0 0 FUNDRAISING N/A 13876 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING N/A 8382 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING N/A 101 0 0 0 0 0 0 22359 0 22359 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 1 DONOR VOICE 11710 PLAZA AMERICA RESTON VA 20190 ANNUAL CAMPAIGN FUND 0 0 409394 0 FORWARD PMX ONE WORLD TRADE CENTER NEW YORK NY 10007 ANNUAL CAMPAIGN FUND 0 0 214574 0 623968 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WI WY SILENT AUCTION 87492 38675 48817 GAMES HOSPITALITY 1520756 1520756 4306685 1608248 38675 1569573 4306685 4306685 -2737112 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. 1 UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 501(C)(3) 33805501 0 PROGRAM SUPPORT 1 0 PART I, LINE 2: 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. 0 0 0 0 0 0 0 0 0 SARAH C HIRSHLAND EX-OFFICIO AS CEO OF USOPC 0 626033 0 325000 0 21210 0 14500 0 21093 0 1007836 0 0 CHRISTOPHER MCCLEARY SECRETARY (THRU 01/2021) 0 371123 0 116042 0 0 0 14500 0 27479 0 529144 0 0 CHRISTINE V WALSHE PRESIDENT 0 295523 0 94515 0 19815 0 14500 0 879 0 425232 0 0 MORANE B KEREK TREASURER 0 282415 0 88130 0 670 0 14500 0 29568 0 415283 0 0 KATHERINE DESTEFANO SECRETARY (AS OF 01/2021) 0 140086 0 0 0 16149 0 0 0 5223 0 161458 0 0 SCHEDULE J, PART I, LINE 3 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. X 35 7054372 SELLING PRICE X 9 0 X AUCTION ITEMS 14 38675 FMV X EVENT HOSTING 1 8183 FMV 0 1 1 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. 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. 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 CHARITABLE REMAINDER TRUST (1) 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 TRUST CO USOPF T 1.00000 1 USOC HOSPITALITY SERVICOS COMERCIO AVENIDA VIEIRA SOUTO NO 22 IPANEMA BR PROMOTE OLYMPICS BR USOPC C 0.01000 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 SCHEDULE R, PART II 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.