Ussa Investment Fund
- Assets
- $67.0m
- Revenue
- $5.1m
- Investments
- $23.4m
- Employees
- 0
- Location
- Park City, UT
- Founding
- 01/2007
- Data as of
- 04/2023
- EIN
- 20-3899237
Organization Overview
Ussa Investment Fund is located in Park City, UT. The organization was established in 2007. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ussa Investment Fund 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 04/2023, Ussa Investment Fund generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $2.6m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ussa Investment Fund has awarded 19 individual grants totaling $23,296,862. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES AS A SUPPORT ORGANIZATION FOR THE UNITED STATES SKI ASSOCIATION.
Describe the Organization's Program Activity:
SUPPORT THE DEVELOPMENT OF WORLD-CLASS ATHLETES THROUGH GRANTS TO THE UNITED STATES SKI ASSOCIATION AND THE UNITED STATES SKI TEAM FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Tutino Investment Committee Chair | Trustee | 2 | $0 |
Brian Leach Investment Committee Vice-Chair | Trustee | 1 | $0 |
Kipp Nelson U.s. Ski Association Chair | Trustee | 1 | $0 |
Steve Strandberg U.s. Ski Association Vice-Chair | Trustee | 1 | $0 |
Brooke Mcaffee Treasurer/secretary - CFO | OfficerTrustee | 1 | $8,052 |
Tiger Shaw Former Officer | 0 | $7,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,897,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,897,122 |
| Total Program Service Revenue | $0 |
| Investment income | $1,014,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,055,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,399,757 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $156,845 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,562,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $43,096,225 |
| Investments—other securities | $23,396,207 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,544 |
| Total assets | $66,994,026 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $11,245 |
| Total liabilities | $11,245 |
| Net assets without donor restrictions | $1,906,245 |
| Net assets with donor restrictions | $65,076,536 |
| 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 | $66,994,026 |
Grants Awarded
Over the last fiscal year, Ussa Investment Fund has awarded $2,399,757 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES SKI ASSOCIATION PURPOSE: Support | $2,107,643 |
UNITED STATES SKI TEAM FOUNDATION PURPOSE: Support | $292,114 |