Usa Swimming Inc
- Assets
- $60.6m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 99
- Location
- Colorado Springs, CO
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-4264282
Organization Overview
Usa Swimming Inc is located in Colorado Springs, CO. The organization was established in 2006. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, USA Swimming Inc employed 99 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. USA Swimming 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 12/2021, USA Swimming Inc generated $37.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $36.5m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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 2014, USA Swimming Inc has awarded 358 individual grants totaling $16,153,869. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. WE ADMINISTER COMPETITIVE SWIMMING IN ACCORDANCE WITH THE TED STEVENS OLYMPIC & AMATEUR SPORTS ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL TEAM: THE UNITED STATES EMBARKED ON A RECORD-SETTING, 45-MEDAL PERFORMANCE (17 OF WHICH WERE GOLD) AT THE 2022 FINA WORLD CHAMPIONSHIPS IN BUDAPEST, HUNGARY. THE TOTAL MEDAL COUNT ENGULFED THE COMPETITION AND SET A RECORD FOR THE MOST MEDALS IN THE SWIMMING POOL IN COMPETITION HISTORY. THE U.S. CAPTURED "TEAM OF THE MEET" HONORS AFTER ITS 46-MEDAL SHOWING AT THE 2022 JUNIOR PAN PACIFIC CHAMPIONSHIPS, 19 OF THEM GOLD.
COMMERCIAL: CREATIVE & PRODUCTIONS: VIDEO PRODUCTION CONTINUED IN EARNEST FOR SWIMMING-SPECIFIC AND SPONSOR-RELATED CUSTOM CONTENT SERIES, AS WELL AS BROADCASTS OF NATIONAL-LEVEL MEETS ON BOTH USASWIMMING.ORG AND NBC PLATFORMS. IDENTITY, EVENT, AND ORGANIZATIONAL DESIGN WORK SUPPORTED ALL CRITICAL MARKETING, PARTNER, AND BRANDING EFFORTS FROM INTERNATIONAL EVENTS TO GRASSROOTS INITIATIVES. CONTINUED, SEE SCHEDULE O.
EVENTS: IN 2022, USA SWIMMING HOSTED MULTIPLE MAJOR EVENTS ACROSS MANY LEVELS OF THE SPORT, HIGHLIGHTED BY THE APRIL PHILLIPS 66 INTERNATIONAL TEAM TRIALS IN GREENSBORO, NC, THE JULY PHILLIPS 66 NATIONAL CHAMPIONSHIPS IN IRVINE, CA, THE FINA SWIMMING WORLD CUP IN INDIANAPOLIS, IN AND THE TOYOTA U.S. OPEN CHAMPIONSHIPS BOTH HELD IN NOVEMBER. CONTINUED, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Hinchey President & CEO | Officer | 35 | $910,568 |
Katie Mcroberts Chief Administrative Officer | Officer | 40 | $359,948 |
Lindsay Mintenko National Team | 40 | $293,927 | |
Shana Ferguson Chief Commercial Officer | Officer | 40 | $296,402 |
Joel Shinofield Sport Development | 40 | $282,938 | |
Eric Skufca Chief Financial Officer | Officer | 35 | $284,888 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Take It Live Media Streaming Services | 12/30/22 | $366,755 |
Catalyte Inc It | 12/30/22 | $1,950,490 |
Eclipse Productions Event Production | 12/30/22 | $1,137,333 |
Instructure Inc Education Platform | 12/30/22 | $350,202 |
Dodd Technologies Event Production | 12/30/22 | $2,043,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $264,636 |
| Related organizations | $1,116,433 |
| Government grants | $182,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,171,706 |
| Noncash contributions included in lines 1a–1f | $1,233,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,735,092 |
| Total Program Service Revenue | $24,675,249 |
| Investment income | $1,280,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $146,515 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,391,155 |
| Net Income from Fundraising Events | -$307,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,995,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $399,590 |
| Grants and other assistance to domestic individuals. | $3,702,284 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,889,417 |
| Compensation of current officers, directors, key employees. | $1,896,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,028,771 |
| Pension plan accruals and contributions | $484,336 |
| Other employee benefits | $1,029,002 |
| Payroll taxes | $541,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264,859 |
| Fees for services: Accounting | $34,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,828 |
| Fees for services: Other | $3,092,578 |
| Advertising and promotion | $7,142 |
| Office expenses | $1,157,855 |
| Information technology | $515,137 |
| Royalties | $0 |
| Occupancy | $366,589 |
| Travel | $3,727,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,712,676 |
| Insurance | $3,613,622 |
| All other expenses | $2,587,928 |
| Total functional expenses | $36,531,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,708,225 |
| Savings and temporary cash investments | $2,272,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,505,382 |
| 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 | $6,204,617 |
| Net Land, buildings, and equipment | $3,877,114 |
| Investments—publicly traded securities | $40,770,870 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,526 |
| Total assets | $60,604,222 |
| Accounts payable and accrued expenses | $3,721,004 |
| Grants payable | $0 |
| Deferred revenue | $15,051,242 |
| 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 | $2,581,898 |
| Other liabilities | $0 |
| Total liabilities | $21,354,144 |
| Net assets without donor restrictions | $39,250,078 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,604,222 |
Grants Awarded
Over the last fiscal year, Usa Swimming Inc has awarded $436,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
DIVERSITY IN AQUATICS PURPOSE: DEI Support | $66,000 |
TAC TITANS PURPOSE: Club Excellence | $15,670 |
DC DEPARTMENT OF RECREATION PURPOSE: Club Excellence | $15,000 |
NATIONS CAPITAL SWIM CLUB PURPOSE: Club Excellence | $14,120 |
SWIMMAC CAROLINA PURPOSE: Club Excellence | $13,430 |
DYNAMO SWIM CLUB PURPOSE: Club Excellence | $12,840 |