Usa Track & Field Inc
- Assets
- $46.1m
- Revenue
- $33.7m
- Investments
- $0.0
- Employees
- 82
- Location
- Indianapolis, IN
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 35-1475847
Organization Overview
Usa Track & Field Inc is located in Indianapolis, IN. The organization was established in 1983. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, USA Track & Field Inc employed 82 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. USA Track & Field 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 Track & Field Inc generated $33.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $34.1m during the year ending 12/2021. While expenses have increased by 2.6% 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 Track & Field Inc has awarded 59 individual grants totaling $1,178,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
USA TRACK & FIELD DRIVES COMPETITIVE EXCELLENCE AND POPULAR ENGAGEMENT IN THE SPORT OF TRACK AND FIELD, LONG DISTANCE RUNNING AND RACE WALKING. ACTIVITIES INCLUDE PROVIDING SUPPORT PROGRAMS AND COMPETITIVE OPPORTUNITIES FOR ELITE AND EMERGING ATHLETES AND EDUCATION AND PARTICIPATION OPPORTUNITIES FOR ALL AMERICANS, FROM YOUTH TO MASTERS.
Describe the Organization's Program Activity:
ELITE ATHLETE COMPETITIONS: PROVIDE DOMESTIC AND INTERNATIONAL COMPETITIVE OPPORTUNITIES FOR AMERICAN ELITE TRACK AND FIELD ATHLETES. TYPICALLY STAGE MORE THAN 100 NATIONAL CHAMPIONSHIPS ACROSS ALL DISCIPLINES OF OUR SPORT IN THE UNITED STATES. TYPICALLY STAGE 5-10 DOMESTIC NON-CHAMPIONSHIP ELITE TRACK AND FIELD COMPETITIONS. FIELD ELITE TEAMS TO REPRESENT THE UNITED STATES IN APPROXIMATELY 20 INTERNATIONAL COMPETITIONS, INCLUDING WORLD CHAMPIONSHIP AND OLYMPIC EVENTS. TYPICALLY PROVIDE COMPETITIVE OPPORTUNITIES AND RELATED TRAVEL AND HOUSING TO APPROXIMATELY 350 ELITE TRACK AND FIELD ATHLETES. THE OBJECTIVE OF COMPETITIVE OPPORTUNITIES IS TO PROVIDE COMPETITIVE TRAINING FOR OUR ATHLETES AND INCREASE THE VISIBILITY FOR THE SPORT TO THE GENERAL PUBLIC. FULFILLS ALL FIVE OF USATF'S STATED PURPOSES AS STATED IN THE BYLAWS: DEVELOPMENT, MANAGEMENT, PERFORMANCE, MARKETING AND DIVERSITY.
ATHLETE SUPPORT AND DEVELOPMENT: TYPICALLY PROVIDE DEVELOPMENTAL SUPPORT TO MORE THAN 700 DEVELOPING AND EMERGING ELITE ATHLETES THROUGH A VARIETY OF PROGRAMS: DEVELOPMENTAL COMPETITIVE OPPORTUNITIES AT APPROXIMATELY 10 EVENTS; DIRECT SUPPORT TO 95-100 COACHES COACHING 200 OF THE MOST ELITE ATHLETES; COACHING EDUCATION PROGRAMS FOR ALL DISCIPLINES ONLINE AND AT NEARLY 50 IN-PERSON AND VIRTUAL SESSIONS REACHING HUNDREDS OF COACHES; SPORT SCIENCE AND MEDICINE STUDIES CONDUCTED AND SHARED THROUGHOUT THE TRACK AND FIELD COMMUNITY; ANTI-DOPING EDUCATION AND TESTING SUPPORT FOR ATHLETES; AND ANTI-DOPING AND HEALTHY LIFESTYLE COMMUNITY OUTREACH REACHING TENS OF THOUSANDS OF CHILDREN IN THEIR SCHOOLS. THE OBJECTIVE OF THESE PROGRAMS IS TO CONTINUALLY IDENTIFY, EDUCATE AND DEVELOP ATHLETES FROM YOUTH THROUGH THEIR GROWTH AND DEVELOPMENT TO ELITE OR RECREATIONAL ATHLETES. FULFILLS ALL FIVE OF USATF'S STATED PURPOSES AS STATED IN THE BYLAWS; DEVELOPMENT, MANAGEMENT, PERFORMANCE, MARKETING AND DIVERSITY.
GRASS ROOTS AND MEMBER-BASED PROGRAMS: USATF HAS MORE THAN 75,000 MEMBERS SERVED THROUGH A VARIETY OF PROGRAMS. MEMBERSHIP FULFILLMENT INCLUDES SPORT ACCIDENT INSURANCE, MEMBERSHIP PUBLICATIONS, MEMBERSHIP CARDS, RETAILER DISCOUNTS AND OTHER BENEFITS. TYPICALLY, OUR SANCTION PROGRAM PROVIDES LIABILITY INSURANCE TO OVER 9,500 EVENTS WITH MORE THAN 7,000,000 PARTICIPANTS OF ALL AGES AND ABILITIES. OUR ANNUAL MEETING PROVIDES MEMBERSHIP AN OPPORTUNITY TO STRATEGIZE FOR THE CONTINUED SUCCESS OF THE SPORT, PLAN OUR VOLUNTEER-BASED PROGRAMS AND VOTE ON CERTAIN ORGANIZATIONAL CHANGES. GRASS ROOTS PROGRAMS INCLUDE SUPPORT OF TRAINING AND COMPETITION FOR THOUSANDS OF YOUTH THROUGH OUR JUNIOR OLYMPIC AND YOUTH ATHLETICS TRACK AND FIELD MEET SERIES. GRASS ROOTS ALSO ENCOMPASSES SUPPORT FOR TRAINING, DEVELOPMENT, MARKETING AND COMPETITIVE OPPORTUNITIES FOR ADULTS OF ALL AGES AND ABILITIES THROUGH OUR LONG DISTANCE RUNNING AND MASTERS PROGRAMS. FULFILLS ALL FIVE OF USATF'S STATED PURPOSES AS STATED IN THE BYLAWS: DEVELOPMENT, MANAGEMENT, PERFORMANCE, MARKETING AND DIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Siegel Chief Executive Officer | Officer | 60 | $3,759,598 |
Renee Washington Chief Operating Officer | Officer | 60 | $1,591,156 |
Sarah Hollis Chief Of Marketing & Revenue | Officer | 55 | $301,095 |
Norm Wain Genl Counsel/chief Of Bus. Affairs | Officer | 50 | $251,450 |
Sara Reese Chief Finance Officer | Officer | 60 | $239,567 |
Adam Schmenk Chief Content Officer | Officer | 40 | $225,488 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carr Hughes Productions Tv Production Services | 12/30/21 | $1,588,949 |
King & Spalding Llp Legal Services | 12/30/21 | $382,046 |
Sjm Premier Medical Covid 19 Testing Services | 12/30/21 | $531,860 |
One Bridge Information Technology | 12/30/21 | $302,940 |
Bevilacqua Helfant Ventures Media & Commercial Rights Advisory | 12/30/21 | $937,500 |
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 | $5,924,673 |
| Noncash contributions included in lines 1a–1f | $113,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,924,673 |
| Total Program Service Revenue | $26,162,724 |
| Investment income | $198,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $335 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $193,073 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $148,009 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,676,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,000 |
| Grants and other assistance to domestic individuals. | $7,086,707 |
| Grants and other assistance to Foreign Orgs/Individuals | $56,055 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,945,760 |
| Compensation of current officers, directors, key employees. | $3,960,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,655,467 |
| Pension plan accruals and contributions | $227,346 |
| Other employee benefits | $413,797 |
| Payroll taxes | $421,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $671,677 |
| Fees for services: Accounting | $359,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,348 |
| Fees for services: Other | $4,159,275 |
| Advertising and promotion | $6,853 |
| Office expenses | $412,158 |
| Information technology | $1,241,454 |
| Royalties | $0 |
| Occupancy | $498,754 |
| Travel | $2,550,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $413,008 |
| Interest | $454,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,738 |
| Insurance | $1,236,213 |
| All other expenses | $1,110,147 |
| Total functional expenses | $34,135,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,692,172 |
| Savings and temporary cash investments | $13,401,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,039,950 |
| Loans from Officers, Directors, or Controlling Persons | $952,730 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,717,789 |
| Prepaid expenses and deferred charges | $1,862,238 |
| Net Land, buildings, and equipment | $121,176 |
| Investments—publicly traded securities | $10,983,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,307,867 |
| Total assets | $46,078,915 |
| Accounts payable and accrued expenses | $7,292,788 |
| Grants payable | $0 |
| Deferred revenue | $8,733,048 |
| 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 | $7,424,514 |
| Other liabilities | $14,095,246 |
| Total liabilities | $37,545,596 |
| Net assets without donor restrictions | $8,316,964 |
| Net assets with donor restrictions | $216,355 |
| 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 | $46,078,915 |
Grants Awarded
Over the last fiscal year, Usa Track & Field Inc has awarded $102,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
STAR ATHLETICS PURPOSE: High performance training center grant | $22,000 |
Clermont, FL PURPOSE: High performance training center grant | $20,000 |
HURDLEMECHANIC (S CORP) PURPOSE: High performance training center grant | $14,000 |
TOP OF THE PODIUM LCC PURPOSE: High performance training center grant | $13,000 |
AMERICAN DISTANCE PROJECT PURPOSE: High performance training center grant | $13,000 |
TEMPO SPORTS LLC PURPOSE: High performance training center grant | $13,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Usa Track & Field Inc has recieved totaling $70,130.
| Awarding Organization | Amount |
|---|---|
Atlanta Track Club Inc Atlanta, GA PURPOSE: CHARITABLE | $39,130 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,000 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Elite Athlete Programs & Distance Training Camps | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Track & Field Inc Indianapolis, IN | $46,078,915 | $33,676,790 |
Louisville Arena Authority Inc Louisville, KY | $379,313,505 | $18,535,078 |
Usa Gymnastics Indianapolis, IN | $10,341,762 | $23,572,427 |
Usa Football Indianapolis, IN | $24,226,774 | $15,821,078 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
Indiana Sports Corporation Indianapolis, IN | $18,372,130 | $8,869,621 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Indy College Football Playoff Inc Indianapolis, IN | $2,356,063 | $6,670,000 |
Amateur Trapshooting Association Of America Sparta, IL | $23,868,836 | $5,940,549 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Mid-America Intercollegiate Athletics Association Kansas City, MO | $897,244 | $2,652,440 |
National Archery In The Shools Program Inc Waldo, WI | $6,967,095 | $3,407,459 |