United States Olympic Museum
- Assets
- $105.9m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 112
- Location
- Colorado Springs, CO
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-3189741
Organization Overview
United States Olympic 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 12/2021, United States Olympic Museum employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Olympic 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 12/2021, United States Olympic Museum generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $11.3m during the year ending 12/2021. 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
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 FOOD OLYMPIC & PARALYMPIC MUSEUM IN COLORADO SPRINGS IS DEDICATION TO AMERICA'S GREATEST ATHLETES AND THEIR COMPELLING STORIES, WITH THE ARTIFACTS, MEDIA AND TECHNOLOGY BEHIND THE ATHLETES WHO MAKE THE UNITED STATES PROUD. THE MUSEUM FOCUSES ON THE CORE VALUES OF THE OLYMPIC AND PARALYMPIC MOVEMENTS: FRIENDSHIP, RESPECT AND EXCELLENCE; DETERMINATION, EQUALITY, INSPIRATION AND COURAGE. THE MUSEUM'S MISSION IS TO HONOR THE OLYMPIC AND PARALYMPIC IDEALS; DOCUMENT AND SHARE THE HISTORY OF THE UNITED STATES' OLYMPIC AND PARALYMPIC PARTICIPATION, AND CELEBRATE THE ACHIEVEMENTS OF THE U.S. OLYMPIC AND PARALYMPIC COMPETITORS.
THE 60,000-SQUARE FOOD OLYMPIC & PARALYMPIC MUSEUM IN COLORADO SPRINGS IS DEDICATION TO AMERICA'S GREATEST ATHLETES AND THEIR COMPELLING STORIES, WITH THE ARTIFACTS, MEDIA AND TECHNOLOGY BEHIND THE ATHLETES WHO MAKE THE UNITED STATES PROUD. THE MUSEUM FOCUSES ON THE CORE VALUES OF THE OLYMPIC AND PARALYMPIC MOVEMENTS: FRIENDSHIP, RESPECT AND EXCELLENCE; DETERMINATION, EQUALITY, INSPIRATION AND COURAGE. THE MUSEUM'S MISSION IS TO HONOR THE OLYMPIC AND PARALYMPIC IDEALS; DOCUMENT AND SHARE THE HISTORY OF THE UNITED STATES' OLYMPIC AND PARALYMPIC PARTICIPATION, AND CELEBRATE THE ACHIEVEMENTS OF THE U.S. OLYMPIC AND PARALYMPIC COMPETITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Liedel CEO (former) | Officer | 40 | $223,421 |
Peter Maiurro Chief Communications & Business Affairs Officer | Officer | 40 | $126,850 |
Andie Doyle President (chair) | OfficerTrustee | 2 | $0 |
Susan Edmondson Secretary, At Large | OfficerTrustee | 2 | $0 |
Bj Hybl Treasurer, At Large | OfficerTrustee | 2 | $0 |
Phil Lane Vice-President (vice-Chair), Acting CEO | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ge Johnson Construction Company Construction Project | 12/30/21 | $6,251,183 |
Windstar Studios Inc Production, Advertising, Filming & Bypb | 12/30/21 | $773,316 |
Gallagher Museum Services Consulting | 12/30/21 | $533,960 |
Ssa Group Llc Custodial, Retail, Catering | 12/30/21 | $309,120 |
Mercurial Security Solution Security | 12/30/21 | $255,844 |
Ge Johnson Construction Company Construction Project | 12/30/21 | $6,251,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,824,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,812,905 |
| Noncash contributions included in lines 1a–1f | $3,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,637,132 |
| Total Program Service Revenue | $2,045,683 |
| 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 | $12,173,227 |
| 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. | $383,910 |
| Compensation of current officers, directors, key employees. | $57,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,649,859 |
| Pension plan accruals and contributions | $35,512 |
| Other employee benefits | $145,851 |
| Payroll taxes | $188,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $341,020 |
| Fees for services: Accounting | $103,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,532,639 |
| Advertising and promotion | $920,280 |
| Office expenses | $278,737 |
| Information technology | $45,110 |
| Royalties | $0 |
| Occupancy | $401,309 |
| Travel | $197,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $646,792 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,456,518 |
| Insurance | $174,643 |
| All other expenses | $0 |
| Total functional expenses | $11,278,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,616,254 |
| 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 | $401,542 |
| Net Land, buildings, and equipment | $95,752,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $406,003 |
| Other assets | $0 |
| Total assets | $105,893,156 |
| Accounts payable and accrued expenses | $879,266 |
| Grants payable | $0 |
| Deferred revenue | $3,218,612 |
| 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 | $16,014,268 |
| Unsecured mortgages and notes payable | $3,500,000 |
| Other liabilities | $0 |
| Total liabilities | $23,612,146 |
| Net assets without donor restrictions | $73,664,756 |
| Net assets with donor restrictions | $8,616,254 |
| 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 | $105,893,156 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that United States Olympic Museum has recieved totaling $330,500.
| Awarding Organization | Amount |
|---|---|
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: GENERAL PURPOSE | $117,000 |
Mdc Richmond American Homes Foundation Denver, CO PURPOSE: General Operating Support | $62,500 |
Esther M & Freeman E Everett Charitable Trust Chicago, IL PURPOSE: GENERAL | $40,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $40,000 |
Daniels Fund Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Bill Memorial Association Cody, WY | $124,253,883 | $15,385,137 |
United States Olympic Museum Colorado Springs, CO | $105,893,156 | $12,173,227 |
Orrin G Hatch Foundation Salt Lake City, UT | $20,026,805 | $2,966,920 |
This Is The Place Foundation Salt Lake City, UT | $18,452,437 | $7,731,994 |
Museum Of Northern Arizona Inc Flagstaff, AZ | $21,755,182 | $7,019,493 |
Colorado Railroad Historical Foundation Inc Golden, CO | $11,069,630 | $3,773,051 |
Stuhr Museum Of The Prairie Pioneer Grand Island, NE | $6,589,907 | $1,816,416 |
National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |
Boot Hill Museum Inc Dodge City, KS | $8,102,967 | $1,858,264 |
Steamboat Springs Chamber Steamboat Springs, CO | $1,219,063 | $1,684,300 |
Museum Of The Great Plains Authority Lawton, OK | $7,377,490 | $986,332 |
Museum Of Western Colorado Grand Junction, CO | $5,482,954 | $1,916,272 |