2017-11-15T15:51:09-06:00 2016-12-31 201766527 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS SUITE 150 COLORADO SPRINGS CO 80907 990 2016-01-01 841284437 USA Cycling Inc USAC 7194344200 210 USA Cycling Point Suite 100 Colorado Springs CO 80919 Derek Bouchard-Hall CEO 7194344200 2017-11-15 1 Jill J Goodwin CPA P00450838 7195909777 65.153.45.234 2017-11-15 13:33:38 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CD5673F54C7F7882D267E311332F3529B03B82C7 2016 2017-02-10 21:41:12Z Derek Bouchard-Hall 210 USA Cycling Point Suite 100 Colorado Springs CO 80919 14789631 0 X www.usacycling.org X 1994 CO The mission of USA Cycling is to develop the sport of cycling in the United States at all levels and to achieve sustained international racing success while fostering a shared commitment to safety, integrity, and the joy of cycling. 20 18 67 100 17668 -128 3055946 3722341 10326702 10546181 328251 237892 74128 67308 13785027 14573722 24150 33800 0 0 5465169 4850711 0 0 331561 9976306 9441636 15465625 14326147 -1680598 247575 16865662 17507238 4123067 4168089 12742595 13339149 The mission of USA Cycling is to develop the sport of cycling in the United States at all levels and to achieve sustained international racing success while fostering a shared commitment to safety, integrity, and the joy of cycling. 0 0 4385936 27300 330891 Coaches, Mechanics, training center & athlete development - National Athlete Development programs supporting approximately 4,000 athlete participant days, Approximately 1,700 trained and certified coaches and race mechanics. 6444562 6500 8906345 Membership and Event sanctioning - Approximately 62,000 members are provided insurance, results and rankings and racing opportunities while participating in approximately 2,650 events. Members are also provided with information about cycling. 1987074 1291277 NATIONAL AND INTERNATIONAL EVENTS - APPROXIMATELY 7,650 ATHLETES PARTICIPATED IN 17 NATIONAL CHAMPIONSHIPS AND APPROXIMATELY 3,400 ATHLETES PARTICIPATED IN INTERNATIONAL EVENTS. 12817572 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 242 0 1 67 1 1 1 1 NL 0 0 0 0 0 0 0 0 X 20 18 1 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X THE CORPORATION 7194344200 210 USA Cycling Point Suite 100 COLORADO SPRINGS CO 80919 X BA Anderson director 2.00 X 0 0 0 nancy leon Director 2.00 X 0 0 0 Mike Day Director 2.00 X 0 0 0 Michael Patterson Director 2.00 X 0 0 0 Matt Barger Director 2.00 2.00 X 0 0 0 mark abramson Director 2.00 X 0 0 0 Lea Davison Director 2.00 X 5337 0 0 Kristin Klein Director 2.00 X 0 0 0 James Carney Director 2.00 X 0 0 0 John Bucksbaum Director 2.00 2.00 X 0 0 0 Gina Kavesh Director 2.00 X 0 0 0 Alex Nieroth Vice-Chairman and Director 10.00 X 0 0 0 allison tetrick Director 2.00 X 0 0 0 ADAM DUVENDECK Director 2.00 X 0 0 0 Bob Stapleton Chairman and director 10.00 2.00 X 0 0 0 Clayton John Director 2.00 X 0 0 0 Brook Watts Director 2.00 X 0 0 0 Dorthy Nichols Director 2.00 X 0 0 0 David Helfrich Director 2.00 X 0 0 0 SEAN PETTY director 2.00 X 0 0 0 derek bouchard-hall CEO and President 40.00 X X 385141 0 10342 Stephen Ettinger Director 2.00 X 0 0 0 Beth Hernandez Director 2.00 X 0 0 0 Dean Peterson Director 2.00 X 0 0 0 Arielle Verhaaren Director 2.00 X 0 0 0 Todd Sowl CFO and Treasurer 40.00 X 233230 0 51336 Nancy belenke Executive Assistant & Secr 40.00 X 54948 0 23573 Micah Rice VP of National Events 40.00 X 116724 0 42715 Jim Miller VP of Athletics 40.00 X 141718 0 36304 kelly feilke marketing Executive Director 40.00 X 137933 0 28211 Stephen Blank Foundation Executive Director 1.00 40.00 X 147448 0 21626 Kelly Reyes VP of Membership 40.00 X 116190 0 16874 STEVE JOHNSON Former CEO and President 0.00 X 265000 0 0 1603669 0 230981 10 1 1 0 Slalom Consulting 821 2nd Ave Suite 1900 Seattle WA 98104 Consulting services 239924 United States ANti Doping 5555 Tech Center Drive Suite 200 COlorado Springs CO 80919 Drug control testing 200622 Fact and Fiction 2000 Central Ave Suite 100 Boulder CO 80217 Brand Marketing 196197 G4 Productions 17 Sutton Rd Lebanon NJ 08833 Event management services 162486 USOC 1 Olympic Plaza Colorado Springs CO 80909 Training facilities and services 125795 6 7644 1108333 2606364 316174 3722341 membership dues 713990 5339136 5339136 SANCTIONING & ENTRY FEES 711210 3799699 3799699 Camps, clinics & other 711300 1407346 1389678 17668 10546181 192467 192467 67308 67308 261334 215909 45425 45425 45425 14573722 10528513 17668 305200 X 2500 2500 31300 31300 763906 420242 297002 46662 2992342 2512601 376844 102897 203014 183288 15557 4169 626661 543015 68327 15319 264788 205236 48477 11075 26930 26930 2753124 2572521 106436 74167 34093 30114 867 3112 431031 398523 18499 14009 33660 27725 4748 1187 1999189 1862313 105648 31228 356089 289275 53451 13363 2115445 2078814 36425 206 Medals, awards, & Appar 525791 513160 5296 7335 Local rebates 444242 444242 Gear, Equipment, & Supp 357900 351266 4504 2130 Bank & credit card proc 202332 202242 90 161810 149195 7913 4702 14326147 12817572 1177014 331561 45888 46571 2098192 2339415 127725 296720 173132 232962 169886 231597 8905053 2498645 6618336 6406408 7068147 7613661 1 1 564355 339903 16865662 17507238 2171009 1833881 1552058 1512820 20788 400000 800600 4123067 4168089 X 10199757 11154528 2525858 2167641 16980 16980 12742595 13339149 16865662 17507238 247575 348979 0 X X 0 1 X 1 0 X 9384081 8767524 9004344 8494238 3722341 39372528 4286198 4757787 4452576 4888410 10528513 28913484 13670279 13525311 13456920 13382648 14250854 68286012 0 0 0 68286012 370588 1266417 375387 393634 261597 2667623 370588 1266417 375387 393634 261597 2667623 14040867 14791728 13832307 13776282 14512451 70953635 0.96240 0.96050 0.03760 0.03950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16980 59 59 16980 16980 42 42 16980 16980 42 42 16980 16980 42 42 16980 16980 51 51 16980 1.00000 0 0 649145 649145 7009962 1572655 5437307 5000 5000 0 1035695 764133 271562 205251 156857 48394 6406408 Insurance litigation reserves 800600 800600 X 15019452 348979 100000 3565 452544 14566908 6814 6814 14573722 14437141 100000 10994 110994 14326147 0 14326147 Part X, Line 2: The Corporation qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, accordingly, is not subject to federal income tax. Accordingly, no income tax provision has been recorded. The Corporation's form 990, Return of Organization Exempt from Income Tax is subject to examination by various taxing authorities, generally for three years after the date filed. Management of the Corporation believes that it does not have any uncertain tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: BV Gain on sale of asset 3,565. Part XI, Line 4b - Other Adjustments: USA Cycling BV Interest income 6,814. Part XII, Line 2d - Other Adjustments: USA Cycling BV expenses 10,994. Schdule D, Page 4, Part XI and XXII, line 2d The audited financial statements are prepared on a consolidated basis, and therefore the financials of USA Cycling, Inc. and USA Cycling BV are reported on a consolidated basis. This reconciliation eliminates the activity of USA Cycling BV from the consolidated amounts, reporting the USA Cycling, Inc. revenue and expense on Form 990. east asia and the pacific 0 0 PROGRAM SERVICES Providing support for athletes to race and train in the region. 49082 europe 1 1 Program Services Providing support for athletes to race and train in the region. 1306904 north america 0 Program Services Providing support for athletes to race and train in the region. 15000 South America 0 Program Services Providing support for athletes to race and train in the region. 99335 Middle East and North Africa 0 0 Program services Providing support for athletes to race and train in the region. 112017 1 1 0 0 1 1 1582338 0 1582338 0 0 1 0 0 0 Part I, Line 2: USA Cycling has provided travel reimbursement for cycling delegates from other countries. 1 TRAVEL TRAINING GRANTS 26 27300 Cash NCAA Scholarships 2 4000 Part I, Line 2: With respect to the Burke Fund Travel/Training grants we do the following: 1) Each application is scrutinized to determine if the applicant meets the grant standards. 2) Each application is cross-checked with the discipline manager to confirm that the applicant is in good standing with the program and there is no reason to question or deny the grant. 3) Grants are not paid until athletes have actually attended the camps, unless the grant is covering an actual portion of the cost of the camp and then the grant is transferred internally. X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 derek bouchard-hall CEO and President 304195 0 50000 0 30946 0 10244 0 98 0 395483 0 0 0 Todd Sowl CFO and Treasurer 203242 0 16190 0 13798 0 23809 0 27527 0 284566 0 0 0 Micah Rice VP of National Events 99292 0 8125 0 9307 0 12611 0 30104 0 159439 0 0 0 Jim Miller VP of Athletics 122885 0 7500 0 11333 0 14468 0 21836 0 178022 0 0 0 kelly feilke marketing Executive Director 133011 0 4750 0 172 0 6159 0 22052 0 166144 0 0 0 Stephen Blank Foundation Executive Director 147235 0 0 0 213 0 0 0 21626 0 169074 0 0 0 STEVE JOHNSON Former CEO and President 0 0 0 0 265000 0 0 0 0 0 265000 0 265000 0 Part I, Line 1a Officers and Vice Presidents are taxed on personal use of vehicles and the amount included on the W-2 includes a gross-up for taxes. Part I, Line 4a The former CEO and President received a severance payment of $265,000. This amount had been included in deferred compensation on the prior year Form 990. Part I, Line 7 Employees are eligible for discretionary, performance based bonuses each year. USA BMX BA Anderson, Director, is CEO and an owner of USA BMX 60000 Management fee for BMX Worlds 0 X Athletic clothing 1 171922 FMV X airline certificates 2 100019 fmv X Food 2 25531 fmv X Athletic equiment 5 18702 fmv 0 1 0 Part I, Column (b): The number of contributions in column b is the number of contributors. Form 990, Part VI, Section A, line 2 Two members of the Board of Directors work for the same company. Form 990, Part VI, Section A, line 6 The corporation is a membership organization. Members have voting rights for purposes of electing members of different Sport Committees. Form 990, Part VI, Section A, line 7a Eligible athletes directly elect four athlete positions on the board of directors. The USA Cycling Development Foundation appoints four directors to the USA Cycling board of directors. Each of the seven Sport Committees appoint one director to serve on the board of directors. Form 990, Part VI, Section A, line 8b Contemporaneous minutes are documented for some, but not all committee meetings. Form 990, Part VI, Section B, line 11b THE FORM 990 WILL BE REVIEWED BY THE CEO AND CFO AND THEN IT WILL BE SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND GIVEN A DATE TO GIVE COMMENTS BY. ANY MODIFICATIONS WILL BE MADE AND THEN THE 990 IS SIGNED AND FILED. Form 990, Part VI, Section B, line 12c All Directors, Committee members, employees, and other agents of USA Cycling are required to complete and sign a Conflict of Interest Disclosure Statement. Annually, each Director, Committee members, employee, and other agents of USA Cycling will be provided a disclosure statement form concerning the conflict of interest policy. These forms are to be completed and returned to the Chief Financial Officer (CFO) of USA Cycling or his or her designee, even if there are no conflicts of interest. Annually, and before the first annual Board meeting, each individual should openly and forthrightly identify any areas that represent a conflict of interest, appearance of a conflict, appearance of impropriety, or a potential conflict of interest. If there is any uncertainty as to whether a matter is required to be disclosed, the matter should be disclosed. Each individual will disclose all of the directorships and officer positions held in for- profit or not-for profit organizations, as well as any consulting and employment relationships in any concern with which he has reason to believe USA Cycling does business with or from which USA Cycling will secure goods or services, and which he has reason to believe may be affected by his actions on behalf of USA Cycling or actions of USA Cycling. Individual or family ownership in business ventures where more than five percent of the total value of the company is owned or where more than ten percent of the outstanding shares are owned, requires disclosure. Each individual will also disclose family relationships in which his or her or their immediate family are employed by or render services to any outside concern that does business with USA Cycling. Each individual will also disclose any confidential information of USA Cycling that has been used or disclosed for any purpose other than to carry out that person's duties. As conflicts of interest arise throughout the year, each individual must submit an updated disclosure form within 30 days of the Conflict of Interest arising. At least once per year, the Board of Directors of USA Cycling will review the conflict of interest disclosures at a meeting of the Board. Form 990, Part VI, Section B, line 15 The Compensation committee reviews the performance of the CEO, and with comparable data, recommends compensation to the full Board of Directors. The full Board reviews and approves the compensation. For key employees, annual performance reviews are prepared by the CEO, and compensation is determined on performance and market factors. Form 990, Part VI, Section C, line 19 form 1023 is available upon request at the organization's office. GOVERNING DOCUMENTS, tax returns, financial statements AND the CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE VIA THE ORGANIZATION'S WEBSITE. FOrm 990, Page 7, Part VII, Section A: No board member is compensated for their service on the board, except the CEO, who is an employee of the organization. THERE ARE ADDITIONAL MEMBERS LISTED ON THE SCHEDULE OF COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS DUE TO TURNOVER IN POSITIONS ON THE BOARD DURING THE YEAR. Form 990, Part IX, line 11g Contract labor & fees: Program service expenses 2,532,689. Management and general expenses 76,866. Fundraising expenses 74,167. Total expenses 2,683,722. Professional fees: Program service expenses 39,832. Management and general expenses 29,570. Fundraising expenses 0. Total expenses 69,402. Form 990, Page 12, Part XII, Line 2c: The process has not changed from the prior year. USA CYCLING DEVELOPMENT FOUNDATION 210 USA CYCLING POINT colorado springs CO 80919 841529751 PROVIDE FINANCIAL SUPPORT TO USA CYCLING, INC. CO 501(C)3 509(a)(2) 0 USA CYCLING BV Multaltulilaan 6 Roosendaal NL 4707lz Support for Cycling athlete programs NL USA Cycling Inc C 377409 232073 1.00000 1 1 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 USA Cycling BV A 6814 Cash usA Cycling BV D 197145 Cash USA Cycling BV P 281509 Cash