2022-11-16T09:59:29-06:00 2021-12-31 ERNST & YOUNG US LLP 155 N Wacker Drive Chicago IL 60606 990 2021-01-01 980123241 International Olympic Committee % EMRE KURTOGLU INTE 1111111111 PO Box 351 1007 1007, Lausanne SZ CHRISTOPHE DE KEPPER DIRECTOR GENERAL 1216216111 2022-11-16 true CHRISTOPHE DE KEPPER 999009999 JOHN CRAWFORD P01072545 3128792000 2022-11-15 2 2021 2022-09-23 18:48:47Z CHRISTOPHE DE KEPPER PO Box 351 1007 1007, Lausanne SZ 4061787395 false X https://www.olympic.org/the-ioc X 1894 SZ TO PROMOTE OLYMPISM THROUGHOUT THE WORLD AND LEAD THE OLYMPIC MOVEMENT IN ACCORDANCE WITH THE OLYMPIC CHARTER. 15 15 493 0 43550000 0 200001000 80000 533461101 3942985413 47199920 47564657 87673969 68335455 868335990 4058965525 453158973 2205008502 0 0 88493984 100775914 0 0 0 247239542 896364240 788892499 3202148656 79443491 856816869 4568740079 4390016927 3048480616 2044308536 1520259463 2345708391 X THE IOC'S MISSION IS TO PROMOTE OLYMPISM THROUGHOUT THE WORLD BY ENSURING THE REGULAR CELEBRATION OF THE OLYMPIC GAMES AND TO LEAD THE OLYMPIC MOVEMENT (CONTINUED ON SCHEDULE O) false false 2386792125 1588999269 3107368341 Olympic Games Revenue Distribution: In 2021, through the distribution of Olympic Games revenues, the IOC provided direct financial support to various International Sports Federations and the National Olympic Committees (including a significant distribution of $182,281,013 to the United States Olympic and Paralympic Committee). 567797761 522861767 835617072 OLYMPIC MARKETING PROGRAMME TOP REVENUE DISTRIBUTION: IN 2021, THE TOP REVENUE DISTRIBUTION GAVE VALUABLE SUPPORT TO THE TOKYO 2020 ORGANISING COMMITTEE, THE BEIJING 2022 ORGANISING COMMITTEE, THE PARIS 2024 ORGANISING COMMITTEE AND THE NATIONAL OLYMPIC COMMITTEES (INCLUDING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE). 148304346 93147467 0 OLYMPIC SOLIDARITY PROGRAMME: OLYMPIC SOLIDARITY PROGRAMME IS RESPONSIBLE FOR ADMINISTERING AND MANAGING THE SHARE OF THE OLYMPIC BROADCSATING RIGHTS FOR ALL RECOGNISED NATIONAL OLYMPIC COMMITTEES (NOCS) BY THE IOC. OLYMPIC SOLIDARITY REDISTRIBUTES THESE FUNDS THROUGH DIVERSE PROGRAMMES ACCORDING TO THE NEEDS OF THE NOCS AND CONTINENTAL ASSOCIATIONS. THESE INCLUDE: - WORLD PROGRAMMES, PRIORITISING ATHLETES, COACHES, NOC MANAGEMENT AND THE PROMOTION OF THE THE OLYMPIC VALUES; - CONTINENTAL PROGRAMMES, MEETING THE SPECIFIC NEEDS OF EACH CONTINENT; - IOC SUBSIDIES FOR PARTICIPATION IN OLYMPIC GAMES, OFFERING FINANCIAL SUPPORT TO NOCS BEFORE, DURING AND AFTER THE GAMES 3102894232 false true false false false false false false false true false false false false false true true false true true true false false false false false true false true false false false false false false false false false false false false false true true true false true X 0 0 493 true true true true SZ false false false false false false X 15 15 false false false false true true true true true false true true false true true true true true true true false X EMRE KURTOGLU 1111111111 Chteau de Vidy PO Box 351 1007, Lausanne SZ Christophe De Kepper Director General 41.0 0.0 X 1252203 0 174179 Lana Haddad Chief Operating Officer 41.0 0.0 X 794810 0 125279 Pere Mir Deputy Director General ROM 41.0 0.0 X 633001 0 98406 Christophe Dubi Olympic Games Exec. Director 41.0 0.0 X 576628 0 130241 Kit McConnell Sports Director 41.0 0.0 X 600898 0 98814 Mark Adams Spokesman Services Director 41.0 0.0 X 485037 0 98504 James MacLeod NOC and OS Director 41.0 0.0 X 499232 0 80320 Marie Sallois Director CoBraS 41.0 0.0 X 480929 0 82577 Pierre Ducrey Olympic Games Ops. Director 41.0 0.0 X 484242 0 73207 Christopher Carroll Digital Engagement & Marketing 41.0 0.0 X 434802 0 107645 Mariam Mahdavy Legal Affairs Director 41.0 0.0 X 452680 0 89143 Emre Kurtoglu Chief Financial Officer 41.0 0.0 X 455384 0 84034 Richard Budgett Dir. Medical and Scientific 41.0 0.0 X 444095 0 85332 ILARIO CORNA CHIEF INFORMATION TECH. OFFICE 41.0 0.0 X 441007 0 86820 Christian Klaue Dir. of Corp. Communication 41.0 0.0 X 455791 0 69858 Pquerette Girard-Zappelli CHIEF ETHICS & COMPLIANCE OFF. 41.0 0.0 X 434903 0 84277 Panagiotis Tzivanidis Dir. Corp. Events & Marketing 41.0 0.0 X 413463 0 73466 Jacqueline Barrett Future Olym. Games Hosts Dir. 41.0 0.0 X 396853 0 76564 Xavier Tissires Director of Human Resources 0.0 0.0 X 386315 0 72607 Marcus Hecht-Hausen Chief of Staff 41.0 0.0 X 373028 0 69658 KAVEH MEHRABI DIR. OF ATHLETES DEPT. 41.0 0.0 X 357394 0 47769 Thomas BACH IOC President 41.0 0.0 X X 0 0 0 Anita L DEFRANTZ VP of IOC Executive Board 1.0 0.0 X X 0 0 0 johN Coates VP of IOC Executive Board 1.0 0.0 X X 0 0 0 Ser Miang Ng VP of IOC Executive Board 1.0 0.0 X X 0 0 0 Zaiqing Yu VP of IOC Executive Board 1.0 0.0 X X 0 0 0 Mikaela Jaworski IOC Executive Board Member 1.0 0.0 X 0 0 0 Kirsty Coventry IOC Executive Board Member 1.0 0.0 X 0 0 0 Nawal El Moutawakel IOC Executive Board Member 1.0 0.0 X 0 0 0 Ivo Ferriani IOC Executive Board Member 1.0 0.0 X 0 0 0 HRH PR Bin Al-Hussein Faisal IOC Executive Board Member 1.0 0.0 X 0 0 0 Nicole Lucia Maria Hoevertsz VP of IOC Executive Board 1.0 0.0 X 0 0 0 Nenad Lalovic IOC Executive Board Member 1.0 0.0 X 0 0 0 Robin Everett Mitchell IOC Executive Board Member 1.0 0.0 X 0 0 0 Denis Andr Oswald IOC Executive Board Member 1.0 0.0 X 0 0 0 Gerardo Werthein IOC Executive Board Member 1.0 0.0 X 0 0 0 EMMA TERHO IOC Executive Board Member 1.0 0.0 X 0 0 0 10852695 0 1908700 21 false true false ESSENCE GLOBAL LIMITED 180 OXFORD STREET LONDON 0 UK W1D 1 NN CONSULTING 28092536 Bird Bird LLP 12 NEW FETTER LANE LONDON 0 UK EC4A 1JP LEGAL MARKETING 16047914 DELOITTE CONSULTING LLP 4022 Sells Drive HERMITAGE TN 37076 CONSULTING 12886146 D TEAM SA 5 ANG MO KIO INDUSTRIAL PARK 2A AMK TECH II 0 SN 567760 CONSTRUCTION 11155573 THE ILUKA COLLECTIVE LIMITED 16 HIGH ST ST HAMPTON WICK KINGSTON UPON THA UK KT1 4DB HOSPITALITY 10269446 406 80000 80000 TELEVISION BROADCASTING RIGHTS 533110 3107368341 3107368341 TOP PROGRAMME MARKETING RIGHTS 533110 835617072 792067072 43550000 3942985413 50207390 50207390 0 0 0 0 0 179137 2821870 -2642733 -2642733 -2642733 0 0 0 0 0 0 0 0 0 OCOG MARKETING PROGRAMME 533110 16924801 16924801 OTHER RIGHTS (SUPPLIERSHIP & LICENSING) 533110 44622234 44622234 OTHER REVENUE 900099 6788420 6788420 68335455 4058965525 3967770868 43550000 47564657 299492489 299492489 0 1905516013 1905516013 0 10092324 4318929 5773395 0 83728806 35831072 47897734 6954784 2976244 3978540 0 0 0 0 0 0 0 4391481 4391481 17352191 17352191 1540481 1540481 0 0 0 0 3563016 3563016 0 9758309 9758309 0 0 11774666 11774666 0 GENERAL RUNNING EXPENSES 37213274 37213274 OLYMPIC GAMES RELATED EXP. 600100674 600100674 YOUTH OLYMPIC GAMES EXPENSES 294670 294670 PROMOTION OF OLYMPICS 191252244 191252244 19123234 19123234 3202148656 3102894232 99254424 0 159834861 180918395 602068905 2513634540 0 0 1401755158 973735399 0 0 0 0 0 362426088 0 0 294792076 158510899 197752915 25710364 178669534 172042551 1898743281 0 0 0 32876264 28237176 0 0 0 511879 4568740079 4390016927 317542184 560185659 0 0 2586109045 1350309518 0 0 0 0 0 0 0 0 144829387 133813359 0 0 3048480616 2044308536 X 1003703396 1850954248 516556067 494754143 1520259463 2345708391 4568740079 4390016927 856816869 -31367941 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15846483 14722698 143742139 12827010 6106509 6720501 26461068 4881159 21579911 172042551 4023206103 -31367941 -31367941 4054574044 4391481 4391481 4058965525 3197757175 3197757175 4391481 4391481 3202148656 true Central America and the Caribbean 0 0 Grantmaking Olympic Revenue & MKG 7118983 Europe (Including Iceland and Greenland) 0 0 Grantmaking OLYMPIC REVENUE & MKG 745659998 North America 0 0 Grantmaking OLYMPIC REVENUE & MKG 35481726 Russia and the Newly Independent States 0 0 Grantmaking OLYMPIC REVENUE & MKG 29302804 South America 0 0 Grantmaking OLYMPIC REVENUE & MKG 9951219 Sub-Saharan Africa 0 0 Grantmaking OLYMPIC REVENUE & MKG 19118572 East Asia and the Pacific 0 0 Grantmaking OLYMPIC REVENUE & MKG 1045031408 Middle East and North Africa 0 0 Grantmaking OLYMPIC REVENUE & MKG 13851304 0 0 0 0 1905516014 1905516014 Central America and the Caribbean Support Olympic Mov. 7118983 ELEC FND/WIR Europe (Including Iceland and Greenland) Support Olympic Mov. 745659998 ELEC FND/WIR North America Support Olympic Mov. 35481726 ELEC FND/WIR Russia and the Newly Independent States Support Olympic Mov. 29302804 ELEC FND/WIR South America Support Olympic Mov. 9951219 ELEC FND/WIR Sub-Saharan Africa Support Olympic Mov. 19118572 ELEC FND/WIR East Asia and the Pacific Support Olympic Mov. 104503140 ELEC FND/WIR Middle East and North Africa Support Olympic Mov. 13851304 ELEC FND/WIR 206 false false false false false false Schedule F, Part I, Line 2 PURSUANT TO THE OLYMPIC CHARTER, THE IOC SUPPORTS THE STAGING OF THE OLYMPIC GAMES AND OLYMPIC WINTER GAMES WITH A FINANCIAL CONTRIBUTION FROM THE REVENUE IT RAISES THROUGH ITS BROADCAST AGREEMENTS AND THE GLOBAL TOP SPONSORSHIP PROGRAMME. IN 2021, THE AMOUNTS ACCRUED RELATED TO THE GRANTS, CONTRIBUTIONS AND OTHER ASSISTANCE TO ORGANIZATIONS OR ENTITIES OUTSIDE THE UNITED STATES WAS APPROXIMATELY $1,905,516,013. THESE GRANTS ARE INTENDED TO DEVELOP, PROMOTE, AND PROTECT THE OLYMPIC MOVEMENT IN THE RECIPIENT'S RESPECTIVE COUNTRIES, IN ACCORDANCE WITH THE OLYMPIC CHARTER. PRIOR TO RECEIVING A GRANT, A RECIPIENT ORGANIZATION IS SUBJECT TO RECOGNITION PROCEDURES TO ENSURE THAT THE ORGANIZATION DEMONSTRATES ALL CONDITIONS PRESCRIBED IN THE OLYMPIC CHARTER AND TO CONFIRM THAT FUNDS ARE TO BE UTILIZED TO FURTHER THE OLYMPIC MOVEMENT. THE IOC'S EXECUTIVE BOARD MONITORS THE CONDUCT OF THE RECIPIENT ORGANIZATIONS AND MAY TAKE APPROPRIATE ACTION AS NECESSARY, TO ENSURE THAT THE RECIPIENT ORGANIZATIONS ARE ACTING, AND WILL CONTINUE TO ACT, IN THE BEST INTEREST OF THE OLYMPIC MOVEMENT. Schedule F, Part I, Line 3 THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) CONDUCTS PROGRAM SERVICE ACTIVITIES ON A GLOBAL SCALE. A MAJORITY OF THE IOC'S TOTAL PROGRAM EXPENDITURES, AS REPORTED ON FORM 990, PART IX, ARE CONDUCTED IN REGIONS OUTSIDE THE UNITED STATES. AS AN ORGANISATION BASED IN SWITZERLAND, THE IOC HOLDS INVESTMENT ASSETS IN VARIOUS REGIONS OUTSIDE THE UNITED STATES. THE INVESTMENT ASSETS REPORTED ON FORM 990, PART X INCLUDE INVESTMENT ASSETS HELD IN VARIOUS REGIONS OUTSIDE THE UNITED STATES. true usopc ONE OLYMPIC PLZ COLORADO SPRINGS CO 80909 131548339 501(c)(3) 299492489 SUPPORT OLYMPIC MOVEMENT 1 Schedule I, Part I, Line 2 IOC GRANT OF FUNDS TO THE UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE (USOPC) ARE AGREED UPON AND ADMINISTERED THROUGH A DEFINITIVE AGREEMENT CONCLUDED ON 25 MAY 2012. GRANTS TO U.S. CHARITABLE ORGANIZATIONS ARE INTENDED TO DEVELOP, PROMOTE AND PROTECT THE OLYMPIC MOVEMENT IN THE UNITED STATES, IN ACCORDANCE WITH THE OLYMPIC CHARTER. PRIOR TO RECEIVING A GRANT, A RECIPIENT ORGANIZATION IS SUBJECT TO RECOGNITION PROCEDURES TO ENSURE THAT THE ORGANIZATION DEMONSTRATES ALL CONDITIONS PRESCRIBED IN THE OLYMPIC CHARTER AND TO CONFIRM THAT FUNDS ARE TO BE UTILIZED TO FURTHER THE OLYMPIC MOVEMENT. THE IOC'S EXECUTIVE BOARD MONITORS THE CONDUCT OF THE RECIPIENT ORGANIZATIONS AND MAY TAKE APPROPRIATE ACTIONS AS NECESSARY, TO ENSURE THAT THE RECIPIENT ORGANIZATIONS ARE ACTING, AND WILL CONTINUE TO ACT, IN THE BEST INTEREST OF THE OLYMPIC MOVEMENT. X X X true true X X X false false false false false false false false false Mark Adams Spokesman Services Director 380416 0 87489 0 17132 0 72257 0 26247 0 583541 0 0 0 Jacqueline Barrett Future Olym. Games Hosts Dir. 279965 0 87489 0 29399 0 50317 0 26247 0 473417 0 0 0 Richard Budgett Dir. Medical and Scientific 334111 0 87489 0 22495 0 59085 0 26247 0 529427 0 0 0 Christopher Carroll Digital Engagement & Marketing 422004 0 0 0 12798 0 81398 0 26247 0 542447 0 0 0 Christophe De Kepper Director General 764134 0 469229 0 18840 0 147932 0 26247 0 1426382 0 0 0 Christophe Dubi Olympic Games Exec. Director 524934 0 32808 0 18886 0 103994 0 26247 0 706869 0 0 0 Pierre Ducrey Olympic Games Ops. Director 304536 0 164042 0 15664 0 47975 0 25232 0 557449 0 0 0 Pquerette Girard-Zappelli CHIEF ETHICS & COMPLIANCE OFF. 326907 0 87489 0 20507 0 58030 0 26247 0 519180 0 0 0 Lana Haddad Chief Operating Officer 495875 0 218723 0 80212 0 99032 0 26247 0 920089 0 0 0 Marcus Hecht-Hausen Chief of Staff 266779 0 87489 0 18760 0 45536 0 24122 0 442686 0 0 0 Christian Klaue Dir. of Corp. Communication 272840 0 164042 0 18909 0 45675 0 24183 0 525649 0 0 0 Emre Kurtoglu Chief Financial Officer 328169 0 109361 0 17854 0 57787 0 26247 0 539418 0 0 0 James MacLeod NOC and OS Director 318241 0 164042 0 16949 0 54073 0 26247 0 579552 0 0 0 Mariam Mahdavy Legal Affairs Director 356518 0 87489 0 8673 0 62896 0 26247 0 541823 0 0 0 Kit McConnell Sports Director 382327 0 164042 0 54529 0 72567 0 26247 0 699712 0 0 0 Pere Mir Deputy Director General ROM 442165 0 171848 0 18988 0 72159 0 26247 0 731407 0 0 0 Marie Sallois Director CoBraS 337653 0 87489 0 55787 0 56330 0 26247 0 563506 0 0 0 Xavier Tissires Director of Human Resources 278134 0 88036 0 20145 0 47944 0 24663 0 458922 0 0 0 Panagiotis Tzivanidis Dir. Corp. Events & Marketing 288085 0 109361 0 16017 0 48122 0 25344 0 486929 0 0 0 ILARIO CORNA CHIEF INFORMATION TECH. OFFICE 374599 0 54681 0 11727 0 60573 0 26247 0 527827 0 0 0 KAVEH MEHRABI DIR. OF ATHLETES DEPT. 247318 0 69773 0 40303 0 26810 0 20959 0 405163 0 0 0 Transactions with related parties THE IOC'S EXECUTIVE BOARD MEMBERS, INCLUDING THE IOC PRESIDENT, ARE CONSIDERED TO BE VOLUNTEERS. UPON REQUEST BY AN IOC EXECUTIVE BOARD MEMBER (FOLLOWING A SIMPLE PROCESS), A PORTION OF THEIR PERSONAL ADMINISTRATIVE EXPENSES, RELATED TO THE EXECUTION OF THEIR RESPECTIVE FUNCTIONS WITHIN THE IOC, ARE COMPENSATED BY A FIXED AMOUNT. THE FIXED AMOUNT MAY VARY IN RELATION TO THE FUNCTIONS BEING PERFORMED BY THE INDIVIDUAL. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990. AS WELL AS THE STATEMENT OF ACTIVITIES INCLUDED WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE. Schedule J, Part I, Line 1a EXPENSES INCURRED FOR TRAVEL AND ACCOMMODATIONS DURING THE EXECUTION OF THE IOC MEMBERS'S FUNCTIONS ARE COVERED BY THE IOC. THE INDEMNITY POLICY FOR THE IOC MEMBERS AND THE IOC PRESIDENT IS AS FOLLLOWS: - IOC MEMBERS AND IOC HONORARY MEMBERS ANNUAL ADMINISTRATIVE SUPPORT: $7,000 USD - DAILY INDEMNITY FOR THE IOC MEMBERS FOR ALL TYPES OF MEETINGS, INCLUDING COMMISSIONS, SESSIONS AND OLYMPIC GAMES (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): $450 USD - DAILY INDEMNITY FOR IOC COMMISSION CHAIRS FOR THEIR OWN COMMISSION MEETINGS (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): 2 X $450 USD DAILY INDEMNITY FOR IOC EXECUTIVE BOARD MEMBERS FOR EXECUTIVE BOARD MEETINGS (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): 2 X $450 USD THE RESPECTIVE INDEMNITIES CAN BE ALLOCATED BY THE PRESIDENT WHEN HE REQUESTS A MEMBER FOR A SPECIAL MISSION. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, AS WELL AS THE STATEMENT OF ACTIVITIES UNDER TRANSPORT, TRAVEL AND RESIDENCE WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE. THE IOC PRESIDENT WILL BE TREATED IN THE SAME WAY AND ENTITLED TO THE SAME INDEMNITY AS THE EXECUTIVE BOARD MEMBERS DURING THE MEETINGS OF THE EXECUTIVE BOARD AND AS ANY IOC EXECUTIVE BOARD MEMBER DURING THE OLYMPIC GAMES. ACCORDING TO THE OBLIGATIONS AND RIGHTS ATTRIBUTED TO HIM IN THE OLYMPIC CHARTER, THE IOC PRESIDENT HAS THE FUNCTION OF AN EXECUTIVE PRESIDENT. THEREFORE, THE PRESIDENT IS ON MISSION FOR THE IOC 365 DAYS A YEAR. IN LINE WITH PAST PRACTICES AND LIKE ALL OTHER IOC MEMBERS, THE IOC PRESIDENT RECEIVES AN INDEMNITY TO PARTIALLY COVER HIS EXPENSES. THE PRESIDENT RECEIVES NEITHER THE FIXED ANNUAL SUPPORT NOR THE DAILY INDEMNITY RELATED TO ALL COMMISSION MEETINGS OR OTHER MISSIONS THAT HE IS ENTITLED TO AS AN IOC MEMBER. INSTEAD, TO COVER SOME OF THE PRESIDENT'S PERSONAL COSTS RELATED TO THE EXECUTION OF HIS FUNCTION, THE ETHICS COMMISSION DECIDED ON A SINGLE ANNUAL FIXED INDEMNITY, LINKED TO INFLATION, OF EUR 275 THOUSAND. IN LINE WITH INDEMNITY POLICY, THE IOC COVERS THE COSTS OF THE PRESIDENT'S EXPENSES, WHICH AMOUNTED to $376,000 USD in 2021 and $291,000 USD in 2020 (THIS VARIATION IS MAINLY DUE TO FOREIGN EXCHANGE RATES). THESE AMOUNTS INCLUDE THE EUR 275 THOUSAND ANNUAL INDEMNITY AS DECIDED BY THE ETHICS COMMISSION (EUR 225 THOUSAND IN 2020). CONSISTENT WITH PAST PRACTICE, AN ANNUAL AMOUNT $165 THOUSAND USD WAS PAID BY THE IOC TO COVER THE INCOME TAX EXPENSE RELATED TO THE IOC PRESIDENT'S ACTIVITIES IN SWITZERLAND. THE COST OF THESE EXPENSES ARE NOT TREATED AS COMPENSATION TO THE PRESIDENT FOR SWISS INCOME TAX PURPOSES AND THE INCOME TAX PAID TO COVER THE PRESIDENT'S EXPENSE ALLOWANCES IS PAID DIRECTLY TO THE SWISS TAX AUTHORITIES BY THE IOC. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, AS WELL AS THE STATEMENT OF ACTIVITIES UNDER TRANSPORT, TRAVEL AND RESIDENCE EXPENSES WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICALY AVAILABLE ON THE IOC'S WEBSITE. FORM 990, BOX E & FORM 990, PART VI, SECTION C, LINE 20 The organisation's telephone number is +41 21 621 61 11 FORM 990, PART III, LINE 1 Organisation Mission CONTINUED ENSURING THE REGULAR CELEBRATION OF THE OLYMPIC GAMES AND TO LEAD THE BY ENCOURAGING AND SUPPORTING organisation, development and coordination of sport and sports competitions in accordance with the Olympic Charter. The IOC's role is: - To encourage and support the promotion of ethics and good governance in sport, as well as education of youth through sport and to dedicate its efforts to ensure that, in sport, the spirit of fair play prevails and violence is banned; - To encourage and support the organisation, development and coordination of sport and sports competitions; - To ensure the regular celebration of the Olympic games; - To cooperate with the competent public or private organisations and authorities in the endeavour to place sport at the service of humanity and thereby to promote peace; - To take action to strengthen the unity of the Olympic Movement, to protect its independence, to maintain and promote its political neutrality and to preserve the autonomy of sport; - To act against any form of discrimination affecting the Olympic Movement; - To encourage and support elected representatives of athletes with the Olympic Movement, with the IOC Athletes' Commission acting as their supreme representative on all Olympic Games and related matters; - To encourage and support the promotion of women in sport at all levelS and in all structures with a view to implementing the principle of equality of men and women; - To protect clean athletes and the integrity of sport, by leading the fight against doping, and by taking action against all forms of manipulation of competitions and related corruption; - To encourage and support measures relating to the medical care and health of athletes; - To oppose any political or commercial abuse of sport and athletes; - To encourage and support the efforts of sports organisations and public authorities to provide for the social and professional future of athletes; - To encourage and support the development of sport for all; - To encourage and support a responsible concern for environmental issues, to promote sustainable development in sport and to require that the Olympic Games are held accordingly; - To promote a positive legacy from the Olympic Games to the host cities, regions and countries; - To encourage and support initiatives blending sport with culture and education; - To encourage and support the activities of the International Olympic Academy and other institutions which dedicate themselves to Olympic education; and - To promote safe sport and the protection of athletes from all forms of harassment and abuse. Form 990, Part IV, Line 12b & Form 990, Part XII, Line 2b Financial Statements The International Olympic Committee (IOC) is an international non-government not-for-profit association organized in Switzerland, and functions in accordance with the Swiss Civil Code. The consolidated financial statements of the IOC, as audited by an independent accountant, are prepared in accordance with and comply with the InternationaL Financial ReportinG Standards and as well the Swiss Law. Form 990, Part VI, Line 6 Explanation of Classes of Members or Shareholders The IOC is comprised of members who are natural persons, not to exceed a total of 115 individuals. The members represent and promote the interests of the IOC and the Olympic Movement in their countries and in the organisations of the Olympic Movement in which they service. The members vote on important decisions related to the IOC, including the election of host cities for the Olympic games, changes to the Olympic charter, and election of new members, the IOC executive board and the IOC President. The members of the IOC are comprised of: - A majority of members whose memberships are not linked to any specific function or office, including up to five members who may be elected in special cases, their total may not exceed 70 and there may be no more than one such member national of any given country; - Active athletes the number of whom may not exceed 15 - Presidents or persons holding an executive or senior leadership position within International Federations, associations of International Federations or other organisations recognized by the IOC, the total number of whom may not exceed 15; and - Presidents or persons holding an executive or senior leadership position within National Olympic Committees or world or continental associations of National Olympic Committees, the total number of whom may not exceed 15; there may be no more than one such member national of any Given country within the IOC. Form 990, Part VI, Line 7a How Members or Shareholders Elect Governing Body The IOC members have the power to elect the Executive Board of the IOC, which is carried out by vote during the general meeting of the IOC members. Form 990, Part VI, Line 7b Decisions of Governing Body Approved by Members or Shareholders During the general meeting of the members of the IOC, the members vote on the following: - To adopt or amend the Olympic Charter - To elect members of the IOC, the honorary president, honorary members and honour members; - To elect the President, the Vice Presidents and all other members of the IOC Executive Board; - To adopt or amend the Athletes' Rights and Responsibilities Declaration - To resolve and decide upon all other matters assigned to it by law or by the Olympic Charter. The Executive Board assumes the overall responsibility for thE administration of the IOC and management of its affairs, including approving all internal governance regulations relating to the organisation. Form 990, Part VI, Line 11b Form 990 Review Process The Form 990 was prepared by the IOC's independent tax accountant, Ernst & Young LLP, with assistance from the IOC's Tax Manager. The Form 990 was then reviewed and signed off by the Chief Financial Officer. A complete copy was provided to the Chief Operating Officer and the Director General prior to the filing date. The IOC Form 990 was then approved by the Chief Operating Officer and the Director General prior to it being filed with the Internal Revenue Service. Form 990, Part VI, Line 12c MONITORING AND ENFORCEMENT OF CONFLICTS OF INTEREST POLICY THE IOC'S CONFLICT OF INTEREST POLICIES AND PROCEDURES ARE DETAILed WITHIN THE IOC CODE OF ETHICS, UNDER THE SECTION TITLED "RULES CONCERNING CONFLICTS OF INTERESTS AFFECTING THE BEHAVIOUR OF OLYMPIC PARTIES." THE IOC CODE OF ETHICS IS READILY AVAILABLE TO THE PUBLIC AND FORMS AN iNTEGRAL PART OF THE OLYMPIC CHARTER. PRIOR TO EXAMINATION BY THE IOC EXECUTIVE BOARD OF A CANDIDATURE FOR ELECTION AS AN IOC MEMBER, A CANDIDATE MUST DECLARE ANY RISKS Of CONFLICTS OF INTERESTS TO THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER. THE ATTENTION OF THE CANDIDATE MAY BE DRAWN TO ANY POTENTIAL CONFLICTS OF INTEREST IDENTIFIED. IT IS THE PERSONAL RESPONSIBILITY OF EACH PERSON TO AVOID ANY CASE OF CONFLICT OF INTEREST. FACED WITH A SITUATION OF A POTENTIAL CONFLICT OF INTEREST, THE PERSON CONCERNED MUST REFRAIN FROM EXPRESSING AN OPINION, FROM MAKING OR PARTICIPATING IN MAKING A DECISION OR ACCEPTING ANY FORM OF BENEFIT WHATSOEVER. HOWEVER, IF THE PERSON WISHES TO CONTINUE TO ACT, OR IF THE PERSON IS UNCERTAIN AS TO THE STEPS TO TAKE, THE PERSON MUST INFORM THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER OF THE SITUATION, WHO tHEN TAKES THE STEPS BELOW. THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER IS RESPONSIBLE FOR ADVISING PERSONS, AT THEIR REQUEST, IN A SITUATION OF A POTENTIAL CONFLICT OF INTERESTS. THE PERSON CONCERNED IS THEN OFFERED A SOLUTION FROM THE FOLLOWING OPTIONS: (1) REGISTERING THE DECLARATION WITHOUT ANY PARTICULAR MEASURE; (2) REMOVAL OF THE PERSON INVOLVED FROM PART OR ALL OF THE ACTION OR FROM THE DECISION OF THE OLYMPIC PART AT THE ROOT OF THE CONFLICT; (3) RELINQUISHMENT OF THE MANAGEMENT OF THE EXTERNAL INTEREST CAUSING THE CONFLICT; OR (4) ANY COMPLEMENTARY MEASURES. THE PERSOn CONCERNED THEN TAKES THE STEPS THAT HE/SHE CONSIDERS APPROPRIATE. IN THE EVENT THAT A PERSON NEGLECTS TO DECLARE A SITUATION OF A POTENTIAL CONFLICT OF INTETESTS, AND/OR IS AN ACTUAL CONFLICT OF INTEREST SITUATION, THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER MAY REFER THE CASE TO THE IOC ETHICS COMMISSION IN ACCORDANCE WITH THE CONDITIONS SET OUT IN ITS RULES OF PROCEDURE. THE IOC ETHICS COMMISSION WILL THEN PROPOSE TO THE IOC EXECUTIVE BOARD EITHER ONE OF THE MEASURES PROVIDED ABOVE AND/OR ONE OF THE SANCTIONS DEFINED IN THE OLYMPIC CHARTER. Form 990, Part VI, Lines 15a & 15b COMPENSATION REVIEW AND APPROVAL PROCESS SUBJECT TO THE POWERS AND DUTIES OF THE IOC PRESIDENT AND OF THE EXECUTIVE BOARD, THE MANDATE OF THE HR COMMITTEE IS TO REVIEW, REPORT ON AND, IF REQUIRED, MAKE RECOMMENDATIONS TO THE IOC PRESIDENT, THE EXECUTIVE BOARD OR MANAGEMENT ON MATTERS RELATING TO COMPENSATION POLICY. THE DUTIES AND RESPONSIBILITIES OF THE HR COMMITTEE INCLUDE THE APPROVAL OF COMPENSATION AS PER THE PROCESS INCLUDED IN THE IOC HR COMMITTEE CHARTER. THE PRESIDENT SUBMITS THE PROPOSED COMPENSATION FOR THE DIRECTOR GENERAL TO THE HR COMMITTEE, WHO THEN REVIEWS AND APPROVES THE DIRECTOR GENERAL'S COMPENSATION. THE PRESIDENT, IN COLLABORATION WITH THE DIRECTOR GENERAL, SUBMITS COMPENSATION PROPOSALS FOR THE EXECUTIVE MANAGEMENT, WHICH IS THEN REVIEWED AND APPROVED BY THE HR COMMITTEE. COMPENSATION DECISIONS UTILISE KNOWLEDGE AND EXPERTISE OF THE MARKET AND COMPARABLE DATA AVAILABLE. CONTEMPORANEOUS SUBSTANTIATION OF COMPENSATION DECISIONS ARE RECORDED. Form 990, Part VI, Line 19 Availability of Governing Documents to the Public The IOC Statues and By-Laws, which form part of the Olympic Charter, Code of Ethics, and the Annual Report, which includes the financiaL statements, can be found on its website at www.olympic.org. FORM 990, PART V, LINE 2A & PART VII, SECTION A Compensation Employees of the IOC are not U.S. residents or U.S. employees; therefore, The compensation information for these individuals is provided using thE best information available form W-2 equivalents. Form 990, Part VII, Section A While the IOC has appropriately classified the individuals listed as Key Employees and Highest Compensated Employees in accordance with Part VII, these individuals are all of equal standing as part of the IOC administration. Olympic Foundation CHATEAU DE VIDY LAUSANNE SZ PROMOTE OLYM SZ N/A N/A NA true The Olympic FNDN for Culture & HERITAGE QUAI DOUCHY 1 LAUSANNE SZ PROMOTE OLYM SZ N/A N/A NA true Foundation for Universal Olympic Ethics CHATEAU DE VIDY LAUSANNE SZ PROMOTE OLYM SZ N/A N/A NA true International Olympic Truce Foundation CHATEAU DE VIDY LAUSANNE SZ PROMOTE OLYM SZ N/A N/A NA true IOC Television & Marketing Services SA Chteau de Vidy Lausanne SZ IOC SERVICE C SZ NA Foreign corp. 0 0 true Olympic Broadcasting Services SA (OBS SA Chteau de Vidy Lausanne SZ IOC SERVICE C SZ NA Foreign corp. 0 0 true Olympic Channel Services SA (OCS SA) Chteau de Vidy Lausanne SZ IOC SERVICE C SZ NA Foreign corp. 0 0 true Olympic Broadcasting Services SL (OBS) Torrelaguna 75 Madrid SP IOC SERVICE C SP NA Foreign corp. 0 0 true Olympic Channel Services SL (OCS SL) Torrelaguna 75 Madrid SP IOC SERVICE C SP NA Foreign corp. 0 0 true false true true false false false false false false false false false true true true false false false Schedule R, Part II, Column d Each organisation listed is classified as a public utility organisation, and is tax-exempt under Swiss Direct Federal Income Tax Law. Schedule R, Part V, Line 2 THE IOC HAS VARIOUS CONTRACTUAL ARRANGEMENTS WITH ITS RELATED ORGANISATIONS, ALL OF WHICH ARE CONDUCTED AT ARM'S LENGTH. ALL TRANSACTIONS WITH RELATED ORGANISATIONS ARE IN CONNECTION WITH THe OLYMPIC MOVEMENT.