Usa Weightlifting Inc
- Assets
- $3.5m
- Revenue
- $6.7m
- Investments
- $1.8m
- Employees
- 16
- Location
- Colorado Springs, CO
- Founding
- 02/1983
- Data as of
- 12/2022
- EIN
- 31-1012362
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 12/2022, USA Weightlifting Inc employed 16 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 12/2022, USA Weightlifting Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 COMPETITIONS 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Aranda Chair Of The Board | OfficerTrustee | 2 | $750 |
Jenny Schumacher Vice Chair | OfficerTrustee | 2 | $0 |
Erin Andica Elite Athlete Director | Trustee | 2 | $120 |
Jordan Cantrell Elite Athlete Director | Trustee | 2 | $0 |
Michael Choi At-Large Member | Trustee | 2 | $0 |
Mario Dispenza Technical Member | Trustee | 2 | $5,945 |
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 | $604,169 |
| Noncash contributions included in lines 1a–1f | $76,869 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,169 |
| Total Program Service Revenue | $6,005,920 |
| Investment income | $42,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,020 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,699,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $714,864 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $218,112 |
| Compensation of current officers, directors, key employees. | $139,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $936,493 |
| Pension plan accruals and contributions | $80,993 |
| Other employee benefits | $95,904 |
| Payroll taxes | $83,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,183 |
| Fees for services: Accounting | $38,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,466 |
| Fees for services: Other | $1,523,418 |
| Advertising and promotion | $17,050 |
| Office expenses | $94,674 |
| Information technology | $85,872 |
| Royalties | $850 |
| Occupancy | $107,840 |
| Travel | $1,263,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,809 |
| Insurance | $168,078 |
| All other expenses | $169,777 |
| Total functional expenses | $6,617,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,256 |
| Savings and temporary cash investments | $2,948 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,961 |
| 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 | $22,564 |
| Net Land, buildings, and equipment | $178,014 |
| Investments—publicly traded securities | $905,037 |
| Investments—other securities | $1,839,084 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,010 |
| Total assets | $3,511,874 |
| Accounts payable and accrued expenses | $349,066 |
| Grants payable | $0 |
| Deferred revenue | $1,137,287 |
| 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 | $88,510 |
| Total liabilities | $1,574,863 |
| Net assets without donor restrictions | $1,749,857 |
| Net assets with donor restrictions | $187,154 |
| 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 | $3,511,874 |
Grants Awarded
Over the last fiscal year, Usa Weightlifting Inc has awarded $16,770 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MCKENNA WEIGHTLIFTING PURPOSE: SUPPORT WEIGHTLIFITING IN LOCAL COMMUNITIES | $5,155 |
THE METAL CHAPTER PERFORMANCE & STRENGTH PURPOSE: SUPPORT WEIGHTLIFITING IN LOCAL COMMUNITIES | $5,215 |
VULKAN WEIGHTLIFTING PURPOSE: SUPPORT WEIGHTLIFITING IN LOCAL COMMUNITIES | $6,400 |