U S Speedskating
- Assets
- $2.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Kearns, UT
- Founding
- 09/1966
- Data as of
- 05/2022
- EIN
- 43-6065836
Organization Overview
U S Speedskating is located in Kearns, UT. The organization was established in 1966. As of 05/2022, U S Speedskating employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Speedskating 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 05/2022, U S Speedskating generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.2m during the year ending 05/2022. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
US SPEEDSKATING'S EXEMPT PURPOSE IS TO PROMOTE SPEEDSKATING IN THE UNITED STATES AND SUCCEED ATHLETICALLY AT INTERNATIONAL COMPETITIONS. US SPEEDSKATING'S MISSION IS TO BE ONE OF THE PREMIER SPEEDSKATING ORGANIZATIONS IN THE WORLD THROUGH EXCELLENCE IN LEADERSHIP, DEVELOPMENT AND PERFORMANCE. WE ARE PRIMARILY FOCUSED ON TRAINING AND DEVELOPMENT OF ELITE ATHLETES FOR INTERNATIONAL COMPETITION INCLUDING THE WINTER OLYMPIC GAMES.US SPEEDSKATING IS ALSO RESPONSIBLE FOR THE GRASSROOTS DEVELOPMENT OF SPEEDSKATING. THE ASSOCIATION SUPPORTS ATHLETE DEVELOPMENT CAMPS AS WELL AS COACHING AND OFFICIATING EDUCATIONAL TRAINING ACROSS THE COUNTRY. IT ALSO FUNDS THE PRODUCTION OF PROMOTIONAL SPEEDSKATING MATERIALS INCLUDING TRAINING TAPES AND DEVELOPMENT MATERIALS. US SPEEDSKATING IS A MEMBER OF THE US OLYMPIC COMMITTEE (USOC) AND THE INTERNATIONAL SKATING UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNANCE - US SPEEDSKATING IS COMPOSED OF AN 11 PERSON BOARD OF DIRECTORS THAT IS RESPONSIBLE FOR PLANNING, DIRECTION AND POLICY FOR THE ORGANIZATION. THERE ARE TYPICALLY TWO IN PERSON MEETINGS PER YEAR AND ADDITIONAL CONFERENCE CALLS TO CONDUCT US SPEEDSKATING BUSINESS. THE BOARD CONSISTS OF RETIRED ATHLETES, INDEPENDENT MEMBERS AND REPRESENTATIVES FROM MEMBERSHIP THROUGHOUT THE UNITED STATES. US SPEEDSKATING GOVERNS BOTH SHORT TRACK AND LONG TRACK SPEEDSKATING.
SPORT DEVELOPMENT - US SPEEDSKATING PROVIDES ATHLETE, COACH, AND OFFICIAL DEVELOPMENT PROGRAMS TO SUPPORT THE INFRASTRUCTURE OF SPEEDSKATING IN THE UNITED STATES. THIS INCLUDES SEMINARS AND CLINICS, TRAINING CAMPS, SCHOOLS, AND OTHER SUCH EDUCATIONAL OFFERINGS.
ATHLETE DEVELOPMENT - US SPEEDSKATING PROVIDES COMPLETE TRAINING SERVICES AND SUPPORT FOR US NATIONAL TEAM ATHLETES. THIS INCLUDES PROVIDING THE VERY HIGHEST CALIBER COACHES, ICE TIME, TRAINING SUPPORT, AND PERFORMANCE ENHANCEMENTS. US SPEEDSKATING PROVIDES COMPETITIVE OPPORTUNITIES AT WORLD AND OLYMPIC CHAMPIONSHIPS, WORLD CUPS, AND OTHER INTERNATIONAL EVENTS. THESE ATHLETES REPRESENT THE UNITED STATES AND ARE IN PURSUIT OF OLYMPIC MEDALS.
GOVERNANCE - US SPEEDSKATING IS COMPOSED OF AN 11 PERSON BOARD OF DIRECTORS THAT IS RESPONSIBLE FOR PLANNING, DIRECTION AND POLICY FOR THE ORGANIZATION. THERE ARE TYPICALLY TWO IN PERSON MEETINGS PER YEAR AND ADDITIONAL CONFERENCE CALLS TO CONDUCT US SPEEDSKATING BUSINESS. THE BOARD CONSISTS OF RETIRED ATHLETES, INDEPENDENT MEMBERS AND REPRESENTATIVES FROM MEMBERSHIP THROUGHOUT THE UNITED STATES. US SPEEDSKATING GOVERNS BOTH SHORT TRACK AND LONG TRACK SPEEDSKATING.
SPORT DEVELOPMENT - US SPEEDSKATING PROVIDES ATHLETE, COACH, AND OFFICIAL DEVELOPMENT PROGRAMS TO SUPPORT THE INFRASTRUCTURE OF SPEEDSKATING IN THE UNITED STATES. THIS INCLUDES SEMINARS AND CLINICS, TRAINING CAMPS, SCHOOLS, AND OTHER SUCH EDUCATIONAL OFFERINGS.
ATHLETE DEVELOPMENT - US SPEEDSKATING PROVIDES COMPLETE TRAINING SERVICES AND SUPPORT FOR US NATIONAL TEAM ATHLETES. THIS INCLUDES PROVIDING THE VERY HIGHEST CALIBER COACHES, ICE TIME, TRAINING SUPPORT, AND PERFORMANCE ENHANCEMENTS. US SPEEDSKATING PROVIDES COMPETITIVE OPPORTUNITIES AT WORLD AND OLYMPIC CHAMPIONSHIPS, WORLD CUPS, AND OTHER INTERNATIONAL EVENTS. THESE ATHLETES REPRESENT THE UNITED STATES AND ARE IN PURSUIT OF OLYMPIC MEDALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Morris Executive Director | 40 | $202,615 | |
Dale Schoon Director Of Finance | 40 | $101,258 | |
Shane Domer | 40 | $124,228 | |
Ryan Shimabukuro | 40 | $117,444 | |
Matt Kooreman | 40 | $116,093 | |
Steve Gough | 40 | $110,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $92,679 |
| Fundraising events | $0 |
| Related organizations | $271,875 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,661,152 |
| Noncash contributions included in lines 1a–1f | $526,707 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,025,706 |
| Total Program Service Revenue | $165,297 |
| Investment income | $0 |
| 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 | $5,191,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,868 |
| Compensation of current officers, directors, key employees. | $142,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,376,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,594 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $696,763 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $75,512 |
| Insurance | $80,808 |
| All other expenses | $314,280 |
| Total functional expenses | $5,150,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $275,048 |
| 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 | $34,100 |
| Net Land, buildings, and equipment | $167,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,694,867 |
| Total assets | $2,498,411 |
| Accounts payable and accrued expenses | $188,891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,716,578 |
| Total liabilities | $1,905,469 |
| Net assets without donor restrictions | $581,280 |
| Net assets with donor restrictions | $11,662 |
| 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 | $2,498,411 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that U S Speedskating has recieved totaling $2,019,784.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $1,925,284 |
John C Kish Foundation Las Vegas, NV PURPOSE: UNRESTRICTED GENERAL SUPPORT | $45,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $19,500 |
Blank Family Foundation Inc Miami, FL PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Of America Wrestling Association Colorado Springs, CO | $12,261,611 | $11,087,912 |
U S Speedskating Kearns, UT | $2,498,411 | $5,191,003 |
Loveland Ski Club Inc Georgetown, CO | $367,022 | $1,348,379 |
Norco Juniors Inc Loveland, CO | $15,170,300 | $4,725,133 |
Sunkist Kids Wrestling Club Inc Phoenix, AZ | $51,140 | $922,214 |
Arizona High School Rodeo Association Inc San Tan Valley, AZ | $222,584 | $884,408 |
United States Handball Association Tucson, AZ | $3,996,208 | $1,287,285 |
Team Evergreen Bicycle Club Inc Evergreen, CO | $0 | $409,404 |
Bicycle Racing Association Of Colorado Littleton, CO | $81,605 | $0 |
Valley Gymnastics Association Mesa, AZ | $133,709 | $167,898 |
United States Fencing Foundation Colorado Springs, CO | $2,592,063 | $230,269 |
National Archery Assn Foundation Inc Salt Lake City, UT | $2,819,244 | $220,398 |