2011-11-15T09:22:56-06:00 2010-12-31 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS SUITE 105 COLORADO SPRINGS CO 80907 990 2010-01-01 841284437 USA CYCLING INC USAC 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 STEVE JOHNSON 7194344200 2011-11-15 1 JILL J GOODWIN 7195909777 2010 2016-03-07 17:11:31Z STEVE JOHNSON 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 12665061 0 X WWW.USACYCLING.ORG X 1994 CO USA CYCLING IS THE NATIONAL GOVERNING BODY FOR CYCLING, MAKING IT RESPONSIBLE FOR THE CONDUCT AND ADMINISTRATION OF CYCLING IN THE USA. THE MISSION OF USA CYCLING IS FOR U.S. RIDERS TO ACHIEVE SUSTAINED SUCCESS IN INTERNATIONAL CYCLING COMPETITION AND TO GROW COMPETITIVE CYCLING IN AMERICA. 15 15 51 120 13065 -21283 2051320 2379779 7953063 8344010 -23053 280245 128542 128118 10109872 11132152 20350 20739 530000 0 3345677 3602716 0 0 107421 5275252 6267811 9171279 9891266 938593 1240886 13249050 14545311 2447949 2087408 10801101 12457903 X USA CYCLING IS THE NATIONAL GOVERNING BODY FOR CYCLING, MAKING IT RESPONSIBLE FOR THE CONDUCT AND ADMINISTRATION OF CYCLING IN THE USA. THE MISSION OF USA CYCLING IS FOR U.S. RIDERS TO ACHIEVE SUSTAINED SUCCESS IN INTERNATIONAL CYCLING COMPETITION AND TO GROW COMPETITIVE CYCLING IN AMERICA. 0 0 3558249 14939 450990 COACHES, BIKE MECHANICS, TRAINING CENTER & ATHLETE DEVELOPMENT - NATIONAL ATHLETE DEVELOPMENT PROGRAMS SUPPORTING APPROXIMATELY 4,400 ATHLETE PARTICIPANT DAYS. APPROXIMATELY 1,700 TRAINED AND CERTIFIED COACHES AND RACE MECHANICS. 4205967 5800 7252392 MEMBERSHIP AND EVENT SANCTIONING - APPROXIMATELY 60,000 MEMBERS ARE PROVIDED INSURANCE, RESULTS AND RANKINGS AND RACING OPPORTUNITIES WHILE PARTICIPATING IN APPROXIMATELY 2,900 EVENTS. MEMBERS ARE ALSO PROVIDED WITH INFORMATION ABOUT CYCLING. 1064377 640628 NATIONAL AND INTERNATIONAL EVENTS - APPROXIMATELY 6,600 ATHLETES PARTICIPATED IN 16 NATIONAL CHAMPIONSHIPS AND APPROXIMATELY 3,000 ATHLETES PARTICIPATED IN INTERNATIONAL EVENTS. 8828593 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 0 1 188 0 1 51 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X THE CORPORATION 7194344200 210 USA CYCLING POINT SUITE 100 COLORADO SPRINGS CO 80919 X MARK ABRAMSON 3.00 X X 0 0 0 WAYNE STETINA 3.00 X X 0 0 0 JIM PATTON 4.00 X X 0 0 0 JEFF GARVEY 4.00 X 0 0 0 BERNARD ANDERSON 2.00 X 0 0 0 JOHN BUCKSBAUM 2.00 X 0 0 0 LISA NYE-SALLADIN 3.00 X 0 0 0 DON EDBERG 2.00 X 0 0 0 JEREMY HORGAN-KOBELSKI 3.00 X 0 0 0 BILL PETERSON 4.00 X 0 0 0 MICHAEL PATTERSON 2.00 X 0 0 0 ANTON QUIST 3.00 X 0 0 0 NICK REISTAD 2.00 X 0 0 0 DONNY ROBINSON 2.00 X 0 0 0 BOB STAPELTON 2.00 X 0 0 0 JOHN CLAYTON 2.00 X 0 0 0 STEVE JOHNSON 40.00 X X 242050 0 41239 SEAN PETTY 40.00 X X 144437 0 39136 TODD SOWL 40.00 X X 145693 0 42105 JIM MILLER 40.00 X 102773 0 31328 634953 0 153808 4 0 1 0 0 23071 1744198 612510 353196 2379779 MEMBERSHIP DUES 713990 4692254 4692254 SANCTIONING/ENTRY FEES 711210 2975376 2975376 CAMPS, CLINICS & OTHER 711300 676380 676380 8344010 140588 140588 90347 90347 27780 3074 24706 24706 24706 1669492 1529835 139657 139657 139657 DOW HOSPITALITY 541800 7580 7580 MAILING LABELS 541860 5485 5485 13065 11132152 8459063 13065 280245 20739 20739 654661 350913 262484 41264 2057948 1835129 217152 5667 175917 159479 16374 64 530149 471082 55933 3134 184041 149929 31287 2825 52689 354 52335 11370 11370 44419 44419 1131825 1066615 33042 32168 59121 59121 562925 525324 35263 2338 90847 62410 25677 2760 1968733 1866397 89622 12714 257195 221731 33247 2217 1001208 964139 37069 LOCAL REBATES AND PROMO 463638 463638 MEDALS AWARDS & APPAREL 235153 232485 2326 342 GEAR, EQUIPMENT & SUPPL 218143 217230 449 464 GIFTS 119807 113117 5738 952 SMALL EQUIPMENT 64116 62636 1099 381 -13378 -13875 366 131 9891266 8828593 955252 107421 9593 11824 2725938 3785147 252263 71563 165501 212669 101130 96004 6691799 864223 5996956 5827576 1888791 2724994 1950560 1745342 158318 70192 13249050 14545311 1629952 1244678 806713 842730 11284 0 2447949 2087408 X 7274142 9122894 3509979 3318029 16980 16980 10801101 12457903 13249050 14545311 X 1240886 415916 X X 0 1 1 X 0 X 6651988 10522360 6882318 6517340 7072033 37646039 2000106 2470603 2544120 3487043 3651756 14153628 8652094 12992963 9426438 10004383 10723789 51799667 0 0 0 51799667 282016 310996 251687 312990 398372 1556061 282016 310996 251687 312990 398372 1556061 9649 9649 8943759 13303959 9678125 10317373 11122161 53365377 0.97070 0.97390 0.02920 0.02590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16980 170 170 16980 16980 368 368 16980 16980 569 569 16980 1.00000 0 0 649145 649145 5137268 346335 4790933 751152 420356 330796 154234 97532 56702 5827576 BOND MUTUAL FUNDS 1662853 F OTHER SECURITIES 6688 F INVESTMENT DESIGNATED MONEY MARKET FUNDS 75801 F 1745342 11132152 9891266 1240886 415916 415916 1656802 11628068 415916 80000 495916 11132152 0 11132152 9971266 80000 80000 9891266 0 9891266 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 EXCEPT ON ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. THE CORPORATION IS NOT A PRIVATE FOUNDATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED FASB ASC 740, "INCOME TAXES", WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE CORPORATION'S INCOME TAX RETURNS. THE CORPORATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE CORPORATION'S OPEN AUDIT PERIODS ARE 2007 - 2010. THE CORPORATION BELIEVES THAT ITS OPERATIONS HAVE BEEN CONDUCTED IN ACCORDANCE WITH ITS TAX-EXEMPT STATUS. CENTRAL AMERICA/CARRIBEAN PROGRAM SERVICESPROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 35011 EAST ASIA AND THE PACIFIC PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 198848 EUROPE 1 2 PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 1381911 NORTH AMERICA PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 86479 SUB-SAHARAN AFRICA PROGRAM SERVICES PROVIDING SUPPORT FOR ATHLETES TO RACE AND TRAIN IN THE REGION. 67449 2 0 2 1769698 0 1769698 0 0 0 0 0 0 1 TRAVEL TRAINING GRANTS 29 14939 NCCA SCHOLARSHIPS 2 3300 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: TRAIL & TUNE UP GRANTS: IMBA, A 501(C)(3) ORGANIZATION, REVIEWS APPLICATIONS AND ELIGIBILITY AND MONITORS COMPLIANCE ON BEHALF OF USA CYCLING, INC. BURKE FUND TRAVEL/TRAINING GRANTS: RECIPIENTS MUST SUBMIT AN APPLICATION IN ORDER TO DETERMINE THAT THE APPLICANT MEETS THE GRANT STANDARDS. EACH APPLICATION IS CROSS-CHECKED WITH THE DISCIPLINE MANAGER TO CONFIRME THAT THE APPLICANT IS IN GOOD STANDING WITH THE PROGRAM AND THERE IS NO REASON TO QUESTION OR DENY THE GRANT. GRANT FUNDS ARE NOT RELEASED 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. NCCA SCHOLARSHIPS: RECIPIENTS ARE REQUIRED TO SUBMIT PROOF OF ENROLLEMENT, TRANSCRIPTS AND PROOF OF OTHER REQUIREMENTS. EACH APPLICANTS IS SCREENED BY AN INTERNAL GROUP CONSISTING OF NO LESS THAN FOUR STAFF MEMBERS AND 1-2 ADDITIONAL OUTSIDE GUESTS. APPLICANTS ARE ALLOWED TO SPEND THEIR SCHOLARSHIP MONEY AS THEY SEE FIT FOR COST OF SCHOOL, TUITION & HOUSING, ETC. X X X 0 0 0 0 0 0 0 1 0 STEVE JOHNSON 196800 0 45250 0 0 0 24465 0 16774 0 283289 0 0 0 SEAN PETTY 132437 0 12000 0 0 0 14876 0 24260 0 183573 0 0 0 TODD SOWL 133693 0 12000 0 0 0 15257 0 26848 0 187798 0 0 0 PART I, LINE 7 PERFORMANCE BASED BONUSES. TOM SCHULLER MR. SCHULLER IS MEMBER OF THE USPRO BOARD OF TRUSTEES 34818 NATIONAL CHAMPIONSHIP PROMOTER PAYMENT MADE TO TEAM SPORTS, INC., A COMPANY OWNED BY MR. SCHULLER 0 X AIRLINE CERTIFICATES 2 125384 FMV X LODGING AND FOOD 2 8138 FMV X BICYCLE PARTS AND ACCESSERIES 9 99000 FMV X SIGNAGE 1 10000 FMV X SPORTS DRINKS 1 25000 FMV X TECHNICAL CLOTHING 1 85674 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE ACTUAL NUMBER OF CONTRIBUTORS OF NON-CASH CONTRIBUTIONS IS REPORTED ON SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD OF DIRECTORS MEMBERS ARE INITIALLY ELECTED TO A TRUSTEE BOARD OR TO THE FOUNDATION. WE HAVE 5 TRUSTEE BOARDS: BMXA, NCCA, NORBA, USCF AND USPRO. THE MEMBERSHIP AT LARGE VOTES IN THE MAJORITY OF THE TRUSTEES TO THEIR TRUSTEE BOARDS. EACH TRUSTEE BOARD ALSO MUST BE AT LEAST 20% ELIGIBLE ATHLETES. THE ELIGIBLE ATHLETES VOTE IN THEIR TRUSTEES, AS WELL AS DIRECTLY ELECTING ONE MEMBER TO THE USAC BOARD OF DIRECTORS. THE TRUSTEE BOARDS THEN VOTE IN THEIR OTHER DIRECTORS TO THE USAC BOARD. NORBA, USCF, AND USPRO HAVE A TOTAL OF 3 MEMBERS ON THE USAC BOARD OF DIRECTORS. BMXA HAS 2 MEMBERS ON THE USAC BOARD, AND NCCA HAS ONE MEMBER ON THE USAC BOARD. THE FOUNDATION ELECTS 3 MEMBERS TO THE USAC BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVIEWED BY THE CEO AND CFO AND THEN IT WILL BE SENT TO THE BOARD'S FINANCE / AUDIT COMMITTEE AND 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, TRUSTEES, COMMITTEE CHAIRS, EMPLOYEES, AND OTHER AGENTS OF USA CYCLING ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ANNUALLY EACH DIRECTOR, TRUSTEE, COMMITTEE CHAIR, EMPLOYEE, AND AGENT IS REQUIRED TO FILL OUT THIS STATEMENT AND RETURN IT TO THE CFO, EVEN IF THERE ARE NO CONFLICTS OF INTEREST. ANNUALLY, AND BEFORE THE FIRST ANNUAL BOARD MEETING, EACH INDIVIDUAL IS REQUIRED TO OPENLY AND FORTHRIGHTLY IDENTIFY ANY AREAS THAT REPRESENT CONFLICTS OF INTEREST. EACH INDIVIDUAL IS REQUIRED TO DISCLOSE ALL RELATIONSHIPS WITH OTHER NOT-FOR-PROFIT OR PROFIT ORGANIZATIONS IN WHICH USA CYCLING DOES, OR IS BELIEVED TO DO BUSINESS WITH. AS CONFLICTS OF INTEREST ARISE, EACH INDIVIDUAL MUST SUBMIT AN UPDATED DISCLOSURE FORM WITH 30 DAYS OF THE CONFLICT OF INTEREST ARISING. AT LEAST ANNUALLY, THE BOARD OF DIRECTORS OF USA CYCLING REVIEWS THE BOARD MEMBERS DISCLOSURES AT A MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL PERFORMANCE REVIEWS OF THE CEO ARE PREPARED BY THE BOARD'S COMPENSATION COMMITTEE AND THE COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD ON THE CEO'S COMPENSATION BASED ON PERFORMANCE AND MARKET FACTORS. FOR KEY EMPLOYEES, ANNUAL PERFORMANCE REVIEWS ARE PREPARED BY THE CEO, AND COMPENSATION IS DETERMINED BASED 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 415,916. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED IN THE CURRENT 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 UNITED STATES OLYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 PROGRAM FUNDING CO 501(C)3 170(B)(1)(A)(VI) 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 UNITED STATES OLYMPIC COMMITTEE C 1046443 FMV UNITED STATES CYCLING DEVELOPMENT FOUNDATION C 772755 FMV UNITED STATES CYCLING DEVELOPMENT FOUNDATION M UNITED STATES CYCLING DEVELOPMENT FOUNDATION P 45309 FMV UNITED STATES CYCLING DEVELOPMENT FOUNDATION N 103168 FMV UNITED STATES CYCLING DEVELOPMENT FOUNDATION K 10000 FMV UNITED STATES OLYMPIC COMMITTEE B 100000 FMV