2012-11-13T11:10:44-06:00 2011-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2011-01-01 742327838 The United States Olympic Foundation % ERNEST G HINCK UNIT 7194717922 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 Ernest G Hinck 2012-11-15 true Rita F Worster CPA 7194714290 2011 2016-02-24 21:20:13Z ERNEST G HINCK 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 97925797 false X N/A X 1984 CO PROVIDE FINANCIAL SUPPORT TO THE UNITED STATES OLYMPIC COMMITTEE AND ITS MEMBER ORGANIZATIONS. 9 9 2 9 -22753 -22728 98 200 0 0 -5729242 7346924 0 0 -5729144 7347124 8951535 8676768 0 0 201509 225253 0 0 0 952547 966631 10105591 9868652 -15834735 -2521528 244506477 230131784 62453772 61305716 182052705 168826068 X THE FOUNDATION PROVIDES A PERMANENT ENDOWMENT TO FOSTER THE UNITED STATES OF AMERICA'S PARTICIPATION IN NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION. THIS IS DONE THROUGH DIRECT SUPPORT OF THE UNITED STATES OLYMPIC COMMITTEE THAT IN TURN REGULATES AND SUPPORTS MEMBER SPORTS ORGANIZATIONS THAT DEVELOP AMATEUR ATHLETES FOR NATIONAL AND INTERNATIONAL COMPETITION. false false 8576768 8576768 THE BOARD OF DIRECTORS AUTHORIZED A GRANT TO THE UNITED STATES OLYMPIC COMMITTEE ON DECEMBER 15, 2011 IN THE AMOUNT OF $8,676,768 PAYABLE TO THE UNITED STATES OLYMPIC COMMITTEE IN JANUARY, 2012. 100000 100000 The Board of Directors authorized a one time grant to the National Foundation on Fitness, Sports,and Nutrition (NFFSN) in the amount of $100,000 payable to the NFFSN in January, 2012. 8676768 true false false false false false false false false true true true false false true false true true false false true false false false false false false true false false false false false false false false false false false false false false false true false false false false true 7 0 true 2 true false false false false false false false false false false false X 9 9 false false false false true true true true true false false true true true true true true false false false X ERNEST G HINCK 7194717922 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 WILLIAM J HYBL 1.0 X X CYNTHIA D KELLY 1.0 X X PAULA WELCH 1.0 X X MICHAEL MCMANUS JR 1.0 X STEVAN B RICHARDS 1.0 X R THAYER TUTT JR 1.0 X DAVID A FOX 1.0 X HENRY FILTER 1.0 X LARRY PROBST 1.0 X ERNEST G HINCK 19.0 X 99156 0 15117 GLORIA L CONNER 35.0 X 71189 0 26439 WALTER L BUSH JR 1.0 X 170345 0 41556 0 false false false WELLINGTON TRUST COMPANY NA 75 STATE STREET BOSTON MA 02109 INVESTMENT MANAGER 174212 MONDRIAN INVESTMENT GROUP INC 1105 N MARKET STREET SUITE 1118 WILMINGTON DE 19801 INVESTMENT MANAGER 180660 2 200 200 0 3466483 3466483 0 0 94459114 90578673 3880441 3880441 -22753 3903194 0 0 0 0 7347124 -22753 7369677 8676768 8676768 0 0 0 211901 211901 0 0 0 0 13352 13352 0 2470 2470 31861 31861 0 0 793050 793050 0 0 9201 9201 0 0 4670 4670 0 0 67633 67633 0 0 1870 1870 24797 24797 STEINBRENNER AWARD 26736 26736 MISCELLANEOUS 4343 4343 9868652 8676768 1191884 0 0 0 6782836 9282231 0 0 0 0 0 0 0 0 0 0 0 0 29315 26052 28713 28420 2163 293 111189881 90153300 119892162 130381231 0 0 0 0 6610120 288677 244506477 230131784 205037 182343 8951535 8676768 0 0 0 0 0 0 0 0 0 0 0 0 53297200 52446605 62453772 61305716 X 70671052 57444215 0 0 111381653 111381853 182052705 168826068 244506477 230131784 X -2521528 -10705109 X false true true X false X X X false false false UNITED STATES OLYMPIC COMMITTEE 131548339 07 true true true 8576768 1 8576768 111381653 200 -1324550 110057303 102406669 98 8974886 111381653 74122504 197 28283968 102406669 111381358 -37258854 74122504 1.00000 false false 11371 11243 128 17342 17177 165 293 HEDGE EQUITY FUNDS 53818279 F LIMITED PARTNERSHIPS 65707923 F REAL ESTATE FUND 3424035 F PRIVATE EQUITY FUNDS 2818814 F OTHER ALTERNATIVE INVESTMENTS 4612180 F 130381231 0 INVESTMENT PAYABLE 52416151 SECURITIES PURCHASED 30454 52446605 7347124 9868652 -2521528 -10705109 -10705109 -13226637 -3357985 -10705109 -10705109 7347124 7347124 9868652 9868652 9868652 INTENDED USES FOR THE ORGANIZATION'S ENDOWMENT FUNDS PART V QUESTION 4 PERMANENTLY RESTRICTED NET ASSETS ARE TO BE MAINTAINED BY THE FOUNDATION IN PERPETUITY. THE INCOME CAN BE USED TO SUPPORT THE ACTIVITIES OF THE FOUNDATION, IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY. ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Endowment Funds Part V Question 2 For electronic filing the individual percentages can not exceed 100%. The board designated endowment was a negative amount at the end of the year so the percentages should be as follows: Board designated -1.2040% Permanent endowment 101.2040% The permanent endowment has remained relativety stable at $111,382M with the fluctuation for investment performance in the board designated endowment. Central America and the Caribbean Investments 48567427 48567427 48567427 true false true true true false INVESTMENTS PART I, LINE 3, COLUMN F INVESTMENT MANAGEMENT FEES 307,332 INVESTMENTS 48,260,095 TOTAL 48,567,427 true THE UNITED STATES OLYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131549339 501(C)(3) 8576768 National Fdn on Fitness Sports & Nutrition 1100 H St NW Ste 600 Washington DC 20005 900732506 501(C)(3) 100000 2 MONITORING THE USE OF GRANT FUNDS FORM 990, PART I, QUESTION 2 GRANTS MAY BE EXPENDED BY THE ORGANIZATIONS AS THEY DETERMINE. PROCESS TO REVIEW THE FORM 990 FORM 990, PART VI, QUESTION 11B THE FORM 990 IS PREPARED BY A THIRD PARTY AND AN INITIAL REVIEW IS CONDUCTED BY THE ORGANIZATION'S EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER AND OUTSIDE COUNSEL PRIOR TO THE RETURN BEING FINALIZED. THE 990 IS THEN FORWARDED TO THE BOARD PRIOR TO FILING. PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ON AN ANNUAL BASIS. IN THE EVENT A CONFLICT IS IDENTIFIED, THE BOARD REVIEWS AND DETERMINES IF A CONFLICT EXISTS. IN THE EVENT THAT A CONFLICT EXISTS, DIRECTORS ABSTAIN FROM VOTING AND OFFICERS ARE PROHIBITED FROM PARTICIPATING IN THE DECISION MAKING PROCESS. GOVERNING DOCUMENTS FORM 990, PART VI, QUESTION 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. UNRELATED BUSINESS INCOME FORM 990, PART V, QUESTION 3A THE UNITED STATES OLYMPIC FOUNDTION HAS PASS THROUGH K-1 UNRELATED BUSINESS INCOME (UBI) FROM ITS INVESTMENT PORTFOLIO. THE UBI ACTIVITY IS REPORTED ON THE 990-T AS FILED WITH THE IRS. THERE IS NO TAXABLE INCOME FOR THE YEAR ENDED 12/31/2011. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED LOSS 10,705,109 Board of Directors Part VI Questions 6, 7a and 7b The organization has members using the definition of members for For 990 purposes. The United States Olympic Committee (USOC) elects five members (which includes the chairman and immediate past chairman of the USOC), the Athletes' Advisory Council elects two representatives, the National Governing Bodies Council elects two representatives and the Multisport Organizations Council elects one representative. The USOC must approve amendments to the organization's Articles of Incorporation and Bylaws. UNITED STATES OLYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 ATHLETICS CO 501(C)(3) LINE 7 NA false false true false false false false false false false false false false false false false false false false