Usa Weightlifting Inc

Organization Overview

Usa Weightlifting Inc is located in Colorado Springs, CO. The organization was established in 1983. 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 12/2021, USA Weightlifting Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Weightlifting 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 Weightlifting Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 8.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

USA WEIGHTLIFTING, INC. IS THE NATIONAL GOVERNING BODY FOR THE SPORT OF WEIGHTLIFTING IN THE UNITED STATES. THE MISSION OF USA WEIGHTLIFTING SHALL BE TO SUPPORT UNITED STATES ATHLETES IN ACHIEVING EXCELLENCE IN OLYMPIC AND WORLD COMPETITION AND TO SUPPORT, PROMOTE, AND EDUCATE A DIVERSE AND INCLUSIVE COMMUNITY OF WEIGHTLIFTING AND THE USE OF THE BARBELL IN THE UNITED STATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT AND ATHLETE PROGRAMS - USAW PROVIDED INTERNATIONAL COMPETITION OPPORTUNITIES TO 100 ATHLETES IN SENIOR, JUNIOR AND YOUTH DIVISIONS AND PROVIDED MONTHLY STIPENDS TO THE TOP RANKED ATHLETES. QUALIFIED ATHLETES AND THEIR COACHES ALSO PARTICIPATE IN CAMPS AND AT THE OTC IN COLORADO SPRINGS, FOR WHICH USAW PAYS TRAVEL, ROOM AND BOARD.


EVENTS AND OTHER PROGRAMS - FIVE NATIONAL-LEVEL EVENTS AND ONE ADDITIONAL TRIALS WERE DRUG TESTED EVENTS USED FOR QUALIFICATION PURPOSES FOR THE INTERNATIONAL TEAMS AND RANKINGS FOR DIRECT ATHLETE SUPPORT.


MEMBERSHIP SERVICES - USAW PROVIDED COMPETITION OPPORTUNITIES AT A GRASSROOTS AND NATIONAL LEVEL TO MEMBER ATHLETES, PROVIDING PARTICIPANT ACCIDENT INSURANCE, GENERAL LIABILITY INSURANCE, MAINTAINS AN ONLINE DATABASE FOR NATIONAL EVENT REGISTRATION AND ATHLETE COMPETITION HISTORY, MAINTAINS AN EXTENSIVE WEBISTE TO COMMUNICATE PROGRAM DETAILS, CURRENT RANKINGS AND CALENDAR OF EVENTS. A PORTION OF MEMBERSHIP AND EVENT SANCTIONING FEES ARE PAID BACK TO THE LOCAL ORGANIZATIONS TO SUPPORT GRASSROOTS PROGRAMS.


COACHING EDUCATION - USAW FACILITATED COACHING COURSES AND CERTIFICATIONS IN WEIGHTLIFTING THROUGHOUT THE COUNTRY. THIS PROGRAM GENERATES SUPPORT FOR OUR ATHLETE PROGRAMS, INCREASES AWARENESS OF OLYMPIC WEIGHTLIFTING AS A COMPETITIVE SPORT, AND PRODUCES COACHES THAT CAN IDENTIFY TALENT IN THE SPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Phil Andrews
CEO
$177,979
Michael Choi
At-Large Member
$6,700
Jasha Faye
Grassroots Member
$2,780
Jenny Schumacher
Vice Chair
$2,650
Sally Van DE Water
Technical Member
$790
Paula Aranda
Chair Of The Board
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $216,400
All other contributions, gifts, grants, and similar amounts not included above$499,577
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$715,977
Total Program Service Revenue$5,455,420
Investment income $48,884
Tax Exempt Bond Proceeds $0
Royalties $13,900
Net Rental Income $0
Net Gain/Loss on Asset Sales $219,280
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $505
Miscellaneous Revenue$0
Total Revenue $6,453,966

Grants Awarded

Over the last fiscal year, Usa Weightlifting Inc has awarded $16,770 in support to 3 organizations.

Grant RecipientAmount

VULKAN WEIGHTLIFTING

PURPOSE: SUPPORT WEIGHTLIFITING IN LOCAL COMMUNITIES

$6,400

THE METAL CHAPTER PERFORMANCE & STRENGTH

PURPOSE: SUPPORT WEIGHTLIFITING IN LOCAL COMMUNITIES

$5,215

MCKENNA WEIGHTLIFTING

PURPOSE: SUPPORT WEIGHTLIFITING IN LOCAL COMMUNITIES

$5,155
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Usa Weightlifting Inc has recieved totaling $357,883.

Awarding OrganizationAmount
United States Olympic & Paralympic Committee

Colorado Springs, CO

PURPOSE: OLYMPIC/PARALYMPIC SUPPORT

$356,652
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$1,231
View Grant Recipient Profile

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