Usa Bobsled Skeleton Inc
- Assets
- $5.8m
- Revenue
- $3.6m
- Investments
- $11.1k
- Employees
- 20
- Location
- Clarksville, TN
- Founding
- 05/1982
- Data as of
- 06/2023
- EIN
- 16-1172380
Organization Overview
Usa Bobsled Skeleton Inc is located in Clarksville, TN. The organization was established in 1982. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, USA Bobsled Skeleton Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Bobsled Skeleton Inc 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 06/2023, USA Bobsled Skeleton Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
USA BOBSLED/SKELETON IS RESPONSIBLE FOR PROMOTING THE SPORTS OF BOBSLED AND SKELETON IN THE UNITED STATES, AND PROMOTING THE PARTICIPATION OF U.S. ATHLETE IN ELITE INTERNATIONAL COMPETITION. USABS SUPPORTS ITS ATHLETES THROUGH RECRUITMENT, DEVELOPMENT, AND TRAINING IN THE ULTIMATE PURSUIT OF COMPETITIVE EXCELLENCE AND OLYMPIC PARTICIPATION. USABS' MISSION IS TO EMPOWER UNITED STATES ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE SUCCESS IN BOBSLED AND SKELETON AND PURSUE PERSONAL EXCELLENCE AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEN'S BOBSLED - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS.
OTHER - SKELETON - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS. DEVELOPMENT - CONDUCTED RECRUITING CAMPS TO IDENTIFY NEW ATHLETES, SUPPORTED DEVELOPMENT TRAINING PROGRAMS AND COMPETITION IN NORTH AMERICA, AND SUPPORTED TRAINING AND COMPETITION OPPORTUNITIES IN EUROPE. TECHNOLOGY - FUNDED BOBSLED AND SKELETON TECHNOLOGY AND EQUIPMENT PURCHASES TO INCLUDE NEW SLEDS, RUNNERS, SPEED SUITS, SPIKES, AND SHOP EQUIPMENT TO BUILD AND REPAIR SLEDS. CONTINUED INVESTMENT IN NEW "MADE IN THE USA" BOBSLED PROJECT. PARASPORT - SUPPORTED PARA ATHLETES TRAINING IN LAKE PLACID THROUGH A DEPT OF VA GRANT IN ADDITION TO LIMITED SUPPORT PROVIDED FOR WORLD CUP AND WORLD CHAMPIONSHIP COMPETITION.
ATHLETE EXPENSE - SUPPORTED ATHLETES.
WOMEN'S BOBSLED - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bergbauer Chairman | Trustee | 10 | $0 |
Randy Aliment Director | Trustee | 1 | $0 |
David Best Director | Trustee | 1 | $0 |
Ryan Bosch Director | Trustee | 2 | $0 |
Jennings Buchanan Director | Trustee | 1 | $0 |
Chris Domingo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $64,906 |
| Government grants | $605,486 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,370,942 |
| Noncash contributions included in lines 1a–1f | $92,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,041,334 |
| Total Program Service Revenue | $594,493 |
| Investment income | $544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,232 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$79,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,558,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $104,724 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,634 |
| Compensation of current officers, directors, key employees. | $104,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,715 |
| Pension plan accruals and contributions | $14,094 |
| Other employee benefits | $44,256 |
| Payroll taxes | $80,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $926 |
| Fees for services: Accounting | $16,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,184 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,244 |
| Advertising and promotion | $55,685 |
| Office expenses | $25,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,193 |
| Travel | $531,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,486 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $396,764 |
| Insurance | $137,743 |
| All other expenses | $40,844 |
| Total functional expenses | $3,157,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,764 |
| Savings and temporary cash investments | $1,219,125 |
| Pledges and grants receivable | $568,647 |
| Accounts receivable, net | $52,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,529 |
| Net Land, buildings, and equipment | $1,512,986 |
| Investments—publicly traded securities | $1,339,541 |
| Investments—other securities | $11,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $5,766,080 |
| Accounts payable and accrued expenses | $60,926 |
| Grants payable | $0 |
| Deferred revenue | $101,759 |
| 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 | $518,318 |
| Total liabilities | $681,003 |
| Net assets without donor restrictions | $3,637,532 |
| Net assets with donor restrictions | $1,447,545 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,766,080 |