United States Olympic & Paralympic Museum
- Assets
- $97.7m
- Revenue
- $7.3m
- Investments
- $974.7k
- Employees
- 55
- Location
- Colorado Springs, CO
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 46-3189741
Organization Overview
United States Olympic & Paralympic Museum is located in Colorado Springs, CO. The organization was established in 2013. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, United States Olympic & Paralympic Museum employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Olympic & Paralympic Museum 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 12/2023, United States Olympic & Paralympic Museum generated $7.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HONOR THE OLYMPIC AND PARALYMPIC IDEALS, DOCUMENT THE HISTORY OF THE UNITED STATES OLYMPIC AND PARALYMPIC PARTICIPATION , AND CELEBRATE THE ACHIEVEMENTS OF THE U.S. OLYMPIC AND PARALYMPIC COMPETITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 60,000-SQUARE FOOT OLYMPIC & PARALYMPIC MUSEUM IN COLORADO SPRINGS IS DEDICATED TO AMERICA'S GREATEST ATHLETES AND THEIR COMPELLING STORIES. THROUGH INNOVATIVE EXHIBITS, ENGAGING PROGRAMS, AND GRIPPING MEDIA PRESENTATIONS, WE AIM TO INSTILL THE OLYMPIC AND PARALYMPIC VALUES IN EVERY VISITOR AND INSPIRE EACH TO FIND THE GREATEST WE ALL CARRY WITHIN. WE HONOR YESTERDAY'S LEGENDS WITH THE U.S. OLYMPIC & PARALYMPIC HALL OF FAME WHILE MOTIVATING TOMORROW'S LEADERS.WE ARE HOME TO THE U.S. OLYMPIC & PARALYMPIC LEGACY, IGNITING DREAMS THROUGH ATHLETE STORIES, AND INSPIRING EXCELLENCE IN ALL WHOM WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andie Doyle President (chair) - Term Ended (11/30/2023) | OfficerTrustee | 2 | $0 |
Phil Lane Vice-President | OfficerTrustee | 2 | $0 |
Bj Hybl Treasurer, At Large | OfficerTrustee | 2 | $0 |
Susan Edmondson Secretary, At Large | OfficerTrustee | 2 | $0 |
Chris Jenkins At-Large | Trustee | 1 | $0 |
David Shaw At-Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercurial Security Solutions Llc Security Services | 12/30/23 | $267,031 |
Ssa Group Llc Catering, Janitorial | 12/30/23 | $245,414 |
Windstar Studios Inc Advertising & Production Services | 12/30/23 | $218,688 |
Gallagher Museum Services Ap Gallery Design Consultation | 12/30/23 | $146,062 |
Laura Quinn Bypb Professional Services | 12/30/23 | $132,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,780,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,954,360 |
| Total Program Service Revenue | $1,692,657 |
| Investment income | $109,357 |
| 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 | $2,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,253,309 |
| 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. | $369,289 |
| Compensation of current officers, directors, key employees. | $130,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,271,893 |
| Pension plan accruals and contributions | $29,378 |
| Other employee benefits | $132,213 |
| Payroll taxes | $122,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,372 |
| Fees for services: Accounting | $48,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $826,448 |
| Advertising and promotion | $322,232 |
| Office expenses | $179,204 |
| Information technology | $46,558 |
| Royalties | $0 |
| Occupancy | $434,269 |
| Travel | $19,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303,547 |
| Interest | $792,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,000,551 |
| Insurance | $230,214 |
| All other expenses | $0 |
| Total functional expenses | $8,582,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,373,222 |
| Savings and temporary cash investments | $1,031,318 |
| Pledges and grants receivable | $3,063,612 |
| 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 | $489,131 |
| Net Land, buildings, and equipment | $90,614,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $974,730 |
| Investments—program-related | $0 |
| Intangible assets | $179,397 |
| Other assets | $0 |
| Total assets | $97,725,714 |
| Accounts payable and accrued expenses | $716,272 |
| Grants payable | $0 |
| Deferred revenue | $3,565,463 |
| 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 | $8,715,796 |
| Unsecured mortgages and notes payable | $3,869,524 |
| Other liabilities | $0 |
| Total liabilities | $16,867,055 |
| Net assets without donor restrictions | $76,839,891 |
| Net assets with donor restrictions | $4,018,768 |
| 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 | $97,725,714 |