The Usa Track & Field Foundation Inc
- Assets
- $4.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Salem, OH
- Founding
- Data as of
- 12/2021
- EIN
- 37-1433733
Organization Overview
The Usa Track & Field Foundation Inc is located in Salem, OH. 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 Track & Field Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Track & Field Foundation 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 Foundation Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 23.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE USA TRACK & FIELD FOUNDATION PROVIDES A MEANS TO ATTRACT AND GUIDE FUNDS TO NEW AND INNOVATIVE TRACK AND FIELD PROGRAMS TO PROMOTE COMPETITIVE EXCELLENCE AND EXPAND INVOLVEMENT IN THE SPORT. ACTIVITIES ARE PRIMARILY GRANT-MAKING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELITE ATHLETE PROGRAMS: CONTRIBUTE TO THE PURSUIT OF WORLD-CLASS PERFORMANCE THROUGH GRANTS TO 70 PLUS ATHLETES MEETING PERFORMANCE, INCOME AND OTHER CRITERIA. ALSO INCLUDE GRANT(S) TO SUPPORT ELITE ATHLETE COACHING.
YOUTH PROGRAMS: ENCOURAGE A HEALTHY DRUG FREE LIFESTYLE THROUGH TRAINING GRANTS TO 40-50 YOUTH TRAINING CLUBS. SUPPORT USA TRACK & FIELD'S WIN WITH INTEGRITY COMMUNITY OUT REACH PROGRAM REACHING THOUSANDS OF KIDS IN THEIR SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Jackovic Executive Di | Officer | 40 | $161,646 |
Trixie Saumsiegle COO | Officer | 40 | $91,900 |
Kenneth Flax Treasurer | OfficerTrustee | 0.25 | $0 |
Robert Greifeld Chairman | OfficerTrustee | 0.25 | $0 |
Jack Wickens Board Member | OfficerTrustee | 0.25 | $0 |
Jay Balaban Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,301,961 |
| Noncash contributions included in lines 1a–1f | $2,057,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,345,036 |
| Total Program Service Revenue | $0 |
| Investment income | $315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,345,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,000 |
| Grants and other assistance to domestic individuals. | $2,599,463 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,546 |
| Compensation of current officers, directors, key employees. | $63,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,303 |
| Pension plan accruals and contributions | $12,680 |
| Other employee benefits | $18,243 |
| Payroll taxes | $19,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,367 |
| Fees for services: Accounting | $29,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,614 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,000 |
| Office expenses | $34,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,564 |
| 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 | $117,356 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,163 |
| All other expenses | $0 |
| Total functional expenses | $3,243,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,425,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $658,842 |
| 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 | $374,956 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,459,238 |
| Accounts payable and accrued expenses | $98,641 |
| Grants payable | $0 |
| Deferred revenue | $547,486 |
| 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 | $0 |
| Total liabilities | $646,127 |
| Net assets without donor restrictions | $1,401,638 |
| Net assets with donor restrictions | $2,411,473 |
| 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 | $4,459,238 |
Grants Awarded
Over the last fiscal year, The Usa Track & Field Foundation Inc has awarded $27,731 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: SUPPORT OF ELITE ATH | $7,268 |
TEAM RUN EUGENE PURPOSE: SUPPORT OF ELITE ATH | $7,238 |
Blowing Rock, NC PURPOSE: SUPPORT OF ELITE ATH | $6,710 |
Rye, NY PURPOSE: SUPPORT OF ELITE | $6,515 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Usa Track & Field Foundation Inc has recieved totaling $2,175,230.
| Awarding Organization | Amount |
|---|---|
Stephen A Schwarzman Foundation New York, NY PURPOSE: SUPPORT ATHLETES IN U.S. TRACK & FIELD AT WORLD CHAMPIONSHIP AND OLYMPIC COMPETITIONS | $2,004,179 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $70,000 |
American Endowment Foundation Hudson, OH PURPOSE: SPORTS/LEISURE | $26,000 |
Mark B Sutton Family Foundation Austin, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
4 Cornerstones Foundation Edina, MN PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
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