2011-11-15T09:27:55-06:00 2010-12-31 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS SUITE 150 COLORADO SPRINGS CO 80907 990 2010-01-01 204264282 USA SWIMMING INC USAS 7198664578 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 CHUCK WIELGUS 7198664578 2011-11-15 1 KENNETH E WAUGH 7195909777 2010 2016-02-24 21:20:13Z CHUCK WIELGUS 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 26405401 0 5367 X WWW.USASWIMMING.ORG X 2005 CO USA SWIMMING IS THE NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. WE ADMINISTER COMPETITIVE SWIMMING IN ACCORDANCE WITH THE AMATEUR SPORTS ACT. WE PROVIDE PROGRAMS AND SERVICES FOR OUR MEMBERS, SUPPORTERS, AFFILIATES AND THE INTERESTED PUBLIC. WE VALUE THESE MEMBERS OF THE SWIMMING COMMUNITY, AND THE STAFF AND VOLUNTEERS WHO SERVE THEM. WE ARE COMMITTED TO EXCELLENCE AND THE IMPROVEMENT OF OUR SPORT. 22 22 227 1000 1286288 -86096 7749876 6826651 15330906 16962109 681073 669902 1527976 1946739 25289831 26405401 636799 922726 0 0 6925417 7340966 0 0 0 16924607 18445594 24486823 26709286 803008 -303885 31404140 32945254 11049470 11436414 20354670 21508840 X USA SWIMMING IS THE NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. WE ADMINISTER COMPETITIVE SWIMMING IN ACCORDANCE WITH THE AMATEUR SPORTS ACT. WE PROVIDE PROGRAMS AND SERVICES FOR OUR MEMBERS, SUPPORTERS, AFFILIATES AND INTERESTED PUBLIC. WE VALUE THESE MEMBERS OF THE SWIMMING COMMUNITY, AND THE STAFF AND VOLUNTEERS WHO SERVE THEM. WE ARE COMMITTED TO EXCELLENCE AND THE IMPROVEMENT OF OUR SPORT. 0 0 7392767 1491727 EVENTS AND PROMOTION: IN 2010, USA SWIMMING'S AWARD WINNING SPLASH MAGAZINE WAS DELIVERED TO 234,000 HOUSEHOLDS AND WENT DIGITAL ON OUR WEBSITE. 2010 SAW THE LAUNCH OF THE "AMERICA'S SWIM TEAM" BRANDING CAMPAIGN. THE SPLASH BASH RECRUITING PROGRAM SAW ANOTHER SUCCESSFUL YEAR OF PARTICIPATION WITH APPROXIMATELY 387 CLUBS HOSTING SPLASH BASH PARTIES TO CHEER ON TEAM USA SWIM IN THE MUTUAL OF OMAHA PAN PACIFIC CHAMPIONSHIPS. SWIM FANS AROUND THE COUNTRY ALSO ENJOYED SOME OF THE SUCCESS OF 2010 AS NBC BROADCAST THE CONOCOPHILLIPS NATIONAL CHAMPIONSHIPS AND AT&T SHORT COURSE CHAMPIONSHIPS, BRINGING THE YEAR'S MOST EXCITING EVENTS TO MILLIONS OF HOMES. 5841220 NATIONAL TEAM: IN 2010, OVER 100 ATHLETES AND COACHES ATTENDED INTERNATIONAL COMPETITIONS AND CAMPS IN PREPARATION FOR THE 2012 OLYMPIC GAMES IN LONDON. AT THE 2010 PAN PACIFIC CHAMPIONSHIPS USA SWIMMING ATHLETES WON A TOTAL OF 47 MEDALS, 25 GOLD, 15 SILVER AND 7 BRONZE. THE OPEN WATER US ATHLETES ADDED AN ADDITIONAL FOUR MEDALS TO THE OVERALL MEDAL COUNT! ATHLETES ALSO ATTENDED TWO JUNIOR TEAM COMPETITIONS, THE JUNIOR PAN PACIFIC CHAMPIONSHIPS AS WELL AS COMPETITIONS IN BERLIN AND SWEDEN. 3351049 425462 188310 CLUB DEVELOPMENT: KEY ACCOMPLISHMENTS IN THE CLUB DEVELOPMENT AREA IN 2010 INCLUDED THE LAUNCH OF BI-MONTHLY ONLINE COACHES CLINICS WHICH OFFER FREE WEBINAR PRESENTATIONS FOCUSED ON COACH EDUCATION; CONDUCT OF A VERY SUCCESSFUL NATIONAL AGE GROUP COACHES CONFERENCE IN COLORADO SPRINGS IN OCTOBER; DOUBLING THE NUMBER OF REGIONAL COACHES CLINICS FROM 6 TO 12 SERVING A TOTAL OF 750 COACHES; AND INTRODUCTION OF THE COMMUNITY SWIM TEAM DEVELOPMENT PROGRAM, A DIVERSITY INITIATIVE FOCUSED ON SUPPORTING INNER CITY SWIM TEAMS. NOTABLE ONGOING PROGRAMS AND SERVICES INCLUDED OVER 400 CLUB VISITS BY FIELD SERVICE STAFF; SIX REGIONAL BUILD-A-POOL CONFERENCES WHICH SERVED 234 PARTICIPANTS; THE VARIOUS SELECT CAMP PROGRAMS SERVING 320 EMERGING ELITE ATHLETES; AND THE CLUB EXCELLENCE PROGRAM WHICH AWARDED 95 GRANTS TOTALING $327,500 TO HIGH PERFORMING CLUBS. 3132395 15729086 MEMBER SERVICES - NATIONAL CONVENTION WAS HELD WITH APPROXIMATELY 600 MEMBERS ATTENDING. APPROXIMATELY 80,000 NEW MEMBER PACKETS WERE DISTRIBUTED. 2477838 INSURANCE: LIABILITY AND SECONDARY ACCIDENT MEDICAL INSURANCE COVERAGE WAS PROVIDED TO APPROXIMATELY 325,000 MEMBERS. 497264 497264 FOUNDATION SUPPORT: USA SWIMMING PROVIDED FUNDING TO ITS AFFILIATE FOUNDATION FOR MAKE A SPLASH WATER SAFETY PROGRAMMING INCLUDING A NATIONWIDE LOCAL PARTNER PROGRAM AND A DROWNING PREVENTION TOUR FEATURING OLYMPIAN CULLEN JONES. 618168 6725665 497264 15729086 23310701 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 86 0 227 1 1 1 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CO X THE CORPORATION 7198664578 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 BRUCE STRATTON 30.00 X X 0 0 0 MARY JO SWALLEY 15.00 X X 0 0 0 JEFF GUDMAN 15.00 X X 0 0 0 JIM SHEEHAN 15.00 X X 0 0 0 DAVID BERKOFF 15.00 X X 0 0 0 TYLER STORIE 15.00 X X 0 0 0 TIM LIEBHOLD 15.00 X X 0 0 0 TOM HASZ 15.00 X X 0 0 0 JOHN R MORSE 10.00 X 0 0 0 MICHAEL LAWRENCE 10.00 X 0 0 0 PAUL THOMPSON 10.00 X 0 0 0 BILL SCHALZ 10.00 X 0 0 0 JOANN FAUCETT 10.00 X 0 0 0 MARCI CALLAN 10.00 X 0 0 0 JAY THOMAS 10.00 X 0 0 0 SHANNON GILLESPY 10.00 X 0 0 0 ROBERT BROYLES 10.00 X 0 0 0 BRANDON DRAWZ 10.00 X 0 0 0 PATRICK DIDEUM 4.00 X 0 0 0 ERIN POPOVICH 4.00 X 0 0 0 MEGAN RYTHER 4.00 X 0 0 0 CHARLES WIELGUS 60.00 X 585810 0 195421 MICHAEL S UNGER 60.00 X 226803 0 36095 JAMES F HARVEY 60.00 X 170323 0 31245 MATTHEW FARRELL 60.00 X 169079 0 30133 PATRICK HOGAN 60.00 X 154713 0 29875 LINDSAY MINTENKO 60.00 X 97741 0 21486 CAROL BURCH 40.00 X 101758 0 22512 MARK SHUBERT 60.00 X 331948 0 36132 CHRISTOPHER LABIANCO 60.00 X 222300 0 31155 1962734 0 412568 8 1 1 0 ECLIPSE PRODUCTION 4005 CARENON LANE VALRICO FL 33596 EVENT PRODUCTION 883991 HOLME ROBERTS & OWEN 1700 LINCOLN STREET SUITE 4100 DENVER CO 80203 LEGAL 802161 SPORT GRAPHICS PRINTING 3423 PARK DAVIS CIRCLE INDIANAPOLIS IN 462352397 PRINTING SERVICES 789561 DODD TECHNOLOGIES 720 W PIONEER TRACE STE 200 PENDLETON IN 46064 EVENT PRODUCTION 377683 STATERA INC 6501 E BELLEVIEW AVE SUITE 300 ENGLEWOOD CO 801116022 IT SERVICES 348697 10 3775836 3050815 652551 6826651 MEMBERSHIP INCOME 900099 15470382 15470382 EVENTS 711300 1491727 1491727 16962109 620599 620599 49303 49303 49303 49303 ADVERTISING 541800 1250295 1250295 OTHER REVENUE 711300 335391 335391 SWIM-A-THON 711300 188310 188310 172743 136750 35993 1946739 26405401 17671863 1286288 620599 922726 922726 1748727 765927 982800 4132852 3676800 456052 357151 313276 43875 740764 613943 126821 361472 303898 57574 642656 329734 312922 11230 11230 43567 43567 26214 26214 811183 754674 56509 258941 234762 24179 592639 519303 73336 3852716 3323326 529390 3367 2828 539 544598 499893 44705 2544315 2539606 4709 PROF FEES AND HONORARIA 2624535 2480606 143929 ATHLETE STIPENDS/MEDALS 1606329 1606329 TELEVISION & PRODUCTION 1143036 1143036 DUES, FEES AND TICKETS 885119 640787 244332 SOFTWARE GEAR & EQUIPME 712563 693350 19213 2142586 1919683 222903 26709286 23310701 3398585 0 415812 47504 5002441 5066112 250000 1291259 1060838 3701518 3712346 7583977 5244415 2364901 2339562 15196437 17037120 3431772 3431772 31404140 32945254 2053154 2461418 8396316 8669996 600000 305000 11049470 11436414 X 20354670 21508840 20354670 21508840 31404140 32945254 X -303885 1458055 X X 0 1 1 X 0 X 23020342 22332277 22338783 67691402 1992639 757675 1491727 4242041 25012981 23089952 23830510 71933443 0 0 0 71933443 543306 681073 669902 1894281 543306 681073 669902 1894281 88806 908513 1381288 2378607 692586 610293 523701 1826580 26337679 25289831 26405401 78032911 0.92180 0.93170 0.02430 0.02370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1793788 436905 1356883 967991 778472 189519 4822198 4029038 793160 2339562 INVESTMENT IN UNITED STATES SPORTS INSURANCE COMPANY, INC. 3431772 3431772 26405401 26709286 -303885 1458055 1458055 1154170 27863456 1458055 1458055 26405401 0 26405401 26709286 0 26709286 0 26709286 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: INCOME TAXES NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE USA SWIMMING, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. 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 USA SWIMMING, INC.'S INCOME TAX RETURNS. USA SWIMMING, INC.'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE OPEN AUDIT PERIODS FOR EACH ENTITY ARE 2007 - 2010. USA SWIMMING, INC. BELIEVE THEIR OPERATIONS HAVE BEEN CONDUCTED IN ACCORDANCE WITH THEIR TAX-EXEMPT STATUS. 1 SWIMMAC CAROLINA 9850 PROVIDENCE RD CHARLOTEE NC 28277 591769720 13000 CLUB EXCELLENCE BLUEFISH SWIM CLUB 125 COUNTY ST ATTLEBORO MA 027032121 203358183 12114 CLUB EXCELLENCE SWIM ATLANTA 4850 SUGARLOAF PARKWAY STE 702 LAWERENCEVILLE GA 300442867 204300861 12000 CLUB EXCELLENCE THE WOODLAND SWIM TEAM 18 S BRISTOL GATE THE WOODLANDS TX 77380 760129602 12000 CLUB EXCELLENCE CARMEL SWIM CLUB 300 E MAIN ST STE E CARMEL IN 46032 351468610 11641 CLUB EXCELLENCE NORTH BALTIMORE AQUATIC CLUB 5700 COTTONWORTH AVENUE BALTIMORE MD 21209 237115717 11488 CLUB EXCELLENCE PHOENIX SWIM CLUB 2902 E CAMPBELL AVENUE PHOENIX AZ 85016 263947133 11332 CLUB EXCELLENCE UNIVERSITY OF DENVER HILLTOPPERS 2201 E ASBURY/DU DEPT OF REC - AQUATICS RM 1923 DENVER CO 80208 840404231 11261 CLUB EXCELLENCE PALO ALTO STANFORD AQUATICS 526 WAVERLY ST PALO ALTO CA 94301 941549738 11110 CLUB EXCELLENCE LONGHORN AQUATICS 1 UNIVERSITY STATION D4050 AUSTIN TX 787120803 746000203 10274 CLUB EXCELLENCE BOLLES SCHOOL SHARKS 7400 SAN JOSE BLVD JACKSONVILLE FL 32217 590637814 10083 CLUB EXCELLENCE MISSION VIEJO NADADORES 25108 B MARGUERITE PKWY PMB 175 MISSION VIEJO CA 92692 330099234 9794 CLUB EXCELLENCE ROCKVILLE MONTGOMERY SWIM CLUB 355 MARTINS LANE ROCKVILLE MD 22085 800588202 9602 CLUB EXCELLENCE DALLAS MUSTANGS 6702 LAKESHORE DR GARLAND TX 75044 752119063 9590 CLUB EXCELLENCE CURL BURKE SWIM CLUB 6001 BURKE COMMONS RD BURKE VA 22039 540987849 7824 CLUB EXCELLENCE NORTH COAST AQUATICS 300 CARLSBAD VILLAGE DR STE 108A 317 CARLSBAD CA 92011 953825957 7520 CLUB EXCELLENCE USA SWIMMING FOUNDATION 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 721581977 56622 MAKE A SPLASH SOUTHEAST FAMILY Y 5930 SIX MILE LANE LOUISVILLE KY 40218 610444843 5000 MAKE A SPLASHMAKE A SPLASH INDIANA UNIVERSITY 1001 E 17TH ST BLOOMINGTON IN 47408 356001673 5000 MAKE A SPLASH CITY OF ENGLEWOOD 1000 ENGLEWOOD PKWY ENGLEWOOD CO 80110 846000583 5000 MAKE A SPLASH THE JOSH PROJECT PO BOX 141015 TOLEDO OH 43614 260504511 5000 MAKE A SPLASH GREAT LAKES AQUATICS 323 GARLAND AVE KALAMAZOO MI 49001 383176939 5000 MAKE A SPLASH YMCA OF BOISE 1050 W STATE ST BOISE ID 83702 820200908 5000 MAKE A SPLASH BOYS AND GIRLS CLUB 55 HAWTHORNE ST SAN FRANCISCO CA 94105 941156608 5000 MAKE A SPLASH DYNAMO PARENTS CLUB 3119 SHALLOWFORD RD ATLANTA GA 30341 571046889 5000 MAKE A SPLASH BOYS & GIRLS CLUB OF METRO ATLANTA 100 EDGEWOOD AVE ATLANTA GA 30303 580566123 46616 MAKE A SPLASH ATLANTA CITY OF COLORADO SPRINGS 1401 RECREATION WAY COLORADO SPRINGS CO 80905 846000573 5000 MAKE A SPLASH SPONSOR A SWIM LESSON STAMFORD ACADEMY 29 NORTH STREET STAMFORD CT 06902 770641722 5000 MAKE A SPLASHMAKE A SPLASH SPONSOR A SWIM LESSON USA SWIMMING FOUNDATION 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 721581977 239442 MAKE A SPLASH MARKETING USA SWIMMING FOUNDATION 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 721581977 77065 MAKE A SPLASH NATION UNIVERSITY OF MEMPHIS PO BOX 1000 DEPT 313 MEMPHIS TN 38148 620648618 59500 DIVERSITY RESEARCH STUDY USA SWIMMING FOUNDATION 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 721581977 75000 AT&T MAKE A SPLASH FULFILLMENTAT&T MAKE A SPLASH FULFILLMENT SPORTS SCIENCE & TECHNOLOGY ATHLETE SUBSISTENCE, MEDALS & RECORDS PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: APPLICANTS MUST QUALIFY, WHERE APPLICABLE, FOR CERTAIN GRANTS, AND A FINAL REPORT IS REQUIRED TO BE SUBMITTED TO USA SWIMMING. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CHARLES WIELGUS 535630 0 35000 0 15180 0 180905 0 14516 0 781231 0 0 0 MICHAEL S UNGER 196803 0 30000 0 0 0 23000 0 13095 0 262898 0 0 0 JAMES F HARVEY 151823 0 18500 0 0 0 17850 0 13395 0 201568 0 0 0 MATTHEW FARRELL 160329 0 8750 0 0 0 17125 0 13008 0 199212 0 0 0 PATRICK HOGAN 146913 0 7800 0 0 0 16380 0 13495 0 184588 0 0 0 CAROL BURCH 100258 0 1500 0 0 0 10610 0 11902 0 124270 0 0 0 MARK SHUBERT 275857 0 31500 0 24591 0 24500 0 11632 0 368080 0 0 0 CHRISTOPHER LABIANCO 96396 0 0 0 125904 0 22500 0 8655 0 253455 0 0 0 PART I, LINE 4B CHUCK WEILGUS - $107,300 X LICENSEE INCOME 1 10000 FAIR MARKET VALUE X TIMING SYSTEMS 1 320000 FAIR MARKET VALUE X UNIFORMING 1 253751 FAIR MARKET VALUE X AIRLINE CERTS 2 78800 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL CONVENTION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER'S HOUSE OF DELEGATES IS RESPONSIBLE FOR THE FOLLOWING ACTIONS: 1) THE ELECTION OF CERTAIN BOARD MEMBERS 2) APPROVAL OF CHANGES TO THE RULEBOOK 3) APPROVAL OF THE ANNUAL BUDGET FORM 990, PART VI, SECTION B, LINE 11 A THREE MEMBER COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM AND DISTRIBUTES THE FORM TO THE ENTIRE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, BOARD OF DIRECTORS, AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST ACKNOWLEDGEMENT FORMS. BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST BEFORE AND DURING BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 A SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS DEVELOPED AN EMPLOYMENT CONTRACT FOR THE CURRENT EXECUTIVE DIRECTOR USING COMPARABLE COMPENSATION DATA FROM OTHER NATIONAL GOVERNING BODIES AND LIKE INDUSTRIES. THE HUMAN RESOURCE DEPARTMENT REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO SET AND ADJUST COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,458,055. 990, PART XII, LINE 2 PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 2012 SWIM TRIALS LLC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 200724954 OLYMPIC TRIALS EVENT NE USA SWIMMING FOUNDATION INC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 721581977 FUNDRAISING ARM OF UNITED STATES SWIMMING, INC. CO 501(C)(3) 509(A)(2) UNITED STATES SWIMMING INC 0 UNITED STATES OLYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 PROGRAM FUNDING DC 501(C)(3) 509(A)(2) 0 SPORTNET-SWIMNETWORK LLC 12100 W OLYMPIC BLVD 200 LOS ANGELES CA 90064 262388643 SPONSORSHIP DEVELOPMENT AND SPORT AWARENESS CA N/A RELATED 0 0 UNITED STATES SPORTS INSURANCE COMPANY INCORPORATED WHITE PARK HOUSE WHITE PARK ROAD BRIDGETOWN BARBADOS BB LICENSED INSURER BB UNITED STATES SWIMMING INC C 1.00000 1 1 1 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 UNITED STATES SWIMMING FOUNDATION A 60000 CASH UNITED STATES SWIMMING FOUNDATION B 497264 CASH UNITED STATES SWIMMING FOUNDATION C 127667 CASH UNITED STATES SWIMMING FOUNDATION I 60000 CASH UNITED STATES SWIMMING FOUNDATION M 60000 CASH UNITED STATES SWIMMING FOUNDATION N 100000 ESTIMATED CASH UNITED STATES SWIMMING FOUNDATION O 10000 ESTIMATED CASH UNITED STATES SWIMMING FOUNDATION P 400000 ESTIMATED CASH UNITED STATES SPORTS INSURANCE COMPANY O 1432616 CASH