United States Olympic & Paralympic Committee
- Assets
- $245.9m
- Revenue
- $181.8m
- Investments
- $15.5m
- Employees
- 525
- Location
- Colorado Springs, CO
- Founding
- 04/1952
- Data as of
- 12/2020
- EIN
- 13-1548339
Organization Overview
United States Olympic & Paralympic Committee, operating under the name Us Olympic And Paralympic Committee, is located in Colorado Springs, CO. The organization was established in 1952. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Us Olympic And Paralympic Committee employed 525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Olympic And Paralympic Committee is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Us Olympic And Paralympic Committee generated $181.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $230.8m during the year ending 12/2020. While expenses have increased by 2.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Us Olympic And Paralympic Committee has awarded 434 individual grants totaling $451,830,309. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER TEAM USA ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE EXCELLENCE AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETE EXCELLENCE - PROGRAMS DEDICATED TO HOLISTICALLY SERVING ELITE ATHLETES AS THEY ACHIEVE THEIR GREATEST POTENTIAL. IN ADDITION TO PROGRAMS FOCUSED ON ATHLETIC ACHIEVEMENT (ATHLETIC TRAINING CENTERS, SPORT SCIENCES AND DIRECT ATHLETE GRANTS), WE ALSO SUPPORT CRITICAL AREAS OF WELL-BEING, INCLUDING MENTAL AND PHYSICAL HEALTH, SAFETY, CAREER, EDUCATION, EARNING POTENTIAL, REPRESENTATION AND PERSONAL EXPRESSION THAT PLAY A VITAL ROLE IN ATHLETE EXCELLENCE.
SPORT ADVANCEMENT - PROGRAMMING AND SUPPORTING SERVICES DEDICATED TO PROMOTING A CULTURE OF OPERATIONAL EXCELLENCE, INCLUSIVENESS, SAFETY AND FAIRNESS. THIS INCLUDES PROGRAMS THAT SUPPORT OUR NATIONAL GOVERNING BODIES, COACHING DEVELOPMENT, SAFE SPORT AND ANTI-DOPING CONTRIBUTIONS, AS WELL AS, DIVERSITY, EQUITY & INCLUSION PROGRAMMING, AND COLLEGIATE PARTNERSHIPS.
COMMUNITY GROWTH - BY GROWING THE OLYMPIC AND PARALYMPIC MOVEMENTS AND ENGAGING SPORT PARTICIPANTS, FANS, DONORS AND PARTNERS, WE ARE COMMITTED TO HAVING THE GREATEST POSSIBLE IMPACT ON CULTURE THROUGH SPORT.
THE USOPC PROVIDES GRANTS TO THE USOPF TO COVER OPERATING ADMINISTRATIVE AND FUNDRAISING EXPENSES SO A HIGHER PERCENTAGE OF DONOR DOLLARS SUPPORT CORE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah C Hirshland Chief Executive Officer | OfficerTrustee | 44 | $972,243 |
Christopher D Mccleary General Counsel & Secretary | Officer | 52 | $487,165 |
Jonathan Finnoff Chief Medical Officer | 55 | $453,888 | |
Richard W Adams Chief Of Sport Performance & Ngbs | Officer | 55 | $438,285 |
Kevin E Penn Chief Of Business Operations | Officer | 55 | $421,676 |
Christine V Walshe Chief Development Officer | Officer | 0 | $409,853 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Anti Doping Agency Anti-doping | 12/30/21 | $4,465,920 |
Covington & Burling Llp Legal Counsel | 12/30/21 | $4,356,293 |
72andsunny Partners Llc Team Usa Promotional Services | 12/30/21 | $3,070,990 |
United States Center For Safesport Athlete Safety Programs | 12/30/21 | $20,000,000 |
United States Olympic & Paralympic Museu Event Services | 12/30/21 | $3,001,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,219,682 |
| Investment income | $2,207,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $106,769,757 |
| Net Rental Income | $388,097 |
| Net Gain/Loss on Asset Sales | $550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,767,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $34,112,451 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,029,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,277,437 |
| Pension plan accruals and contributions | $3,351,976 |
| Other employee benefits | $3,038,750 |
| Payroll taxes | $2,869,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,396,112 |
| Fees for services: Accounting | $205,439 |
| Fees for services: Lobbying | $162,759 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,128,287 |
| Advertising and promotion | $451,143 |
| Office expenses | $1,131,702 |
| Information technology | $3,942,623 |
| Royalties | $0 |
| Occupancy | $9,452,727 |
| Travel | $2,361,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,433,352 |
| Insurance | $2,316,467 |
| All other expenses | $0 |
| Total functional expenses | $230,759,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,891,738 |
| Pledges and grants receivable | $10,256,684 |
| Accounts receivable, net | $42,003,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,538,326 |
| Prepaid expenses and deferred charges | $52,521,011 |
| Investments—publicly traded securities | $18,525,218 |
| Investments—other securities | $15,499,067 |
| Investments—program-related | $996,834 |
| Intangible assets | $0 |
| Other assets | $1,324,206 |
| Total assets | $245,932,233 |
| Accounts payable and accrued expenses | $46,371,028 |
| Grants payable | $0 |
| Deferred revenue | $41,067,488 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,438,516 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $158,493,717 |
Grants Awarded
Over the last fiscal year, United States Olympic & Paralympic Committee has awarded $76,520,683 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $13,957,914 |
Park City, UT PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $6,807,188 |
USA TRACK & FIELD PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $5,331,634 |
USA SWIMMING PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $4,824,552 |
Indianapolis, IN PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $3,247,826 |
Clarksville, TN PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $2,325,718 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that United States Olympic & Paralympic Committee has recieved totaling $790,701.
| Awarding Organization | Amount |
|---|---|
Adaptive Spirit Littleton, CO PURPOSE: Paralympic support | $500,000 |
Anthony R Abraham Foundation Inc Miami, FL PURPOSE: HUMANITARIAN | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $74,750 |
Levitetz Family Foundation Inc Boca Raton, FL PURPOSE: GENERAL PURPOSE | $60,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,246 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $25,000 |
Endowment Analysis
| Beg. Balance | $29,355,966 |
| Earnings | $2,047,342 |
| Net Contributions | $22,002,001 |
| Other Expense | $6,512,181 |
| Grants | $9,469,758 |
| Ending Balance | $37,423,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO | $245,932,233 | $181,767,366 |
United States Olympic And Paralympic Foundation Colorado Springs, CO | $53,358,562 | $49,946,245 |
United States Anti-Doping Agency Colorado Springs, CO | $14,726,457 | $27,194,020 |
United States Fencing Association Colorado Springs, CO | $3,808,524 | $11,566,627 |
Telluride Foundation Telluride, CO | $17,715,032 | $5,834,891 |
Usa Boxing Inc Colorado Springs, CO | $3,373,235 | $6,094,958 |
Usa Climbing Salt Lake City, UT | $1,081,889 | $3,858,260 |
Usa Cycling Development Foundation Colorado Springs, CO | $3,439,986 | $1,767,971 |
Naz Elite Inc Flagstaff, AZ | $22,418 | $813,294 |
Usa Hockey Inc Scottsdale, AZ | $564,111 | $348,237 |
Usa Track & Field Inc Scottsdale, AZ | $101,727 | $0 |
American Servicemembers Amateur Sports Inc Boulder, CO | $8,567 | $247,287 |