Usa Triathlon Foundation
- Assets
- $1.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 46-5062719
Organization Overview
Usa Triathlon Foundation is located in Colorado Springs, CO. The organization was established in 2015. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Triathlon Foundation 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 12/2022, USA Triathlon Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 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 2018, USA Triathlon Foundation has awarded 89 individual grants totaling $2,908,882. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE USA TRIATHLON FOUNDATION IS TO SUPPORT AND PROMOTE TRIATHLON, AND OPEN PATHWAYS CONTINUED IN SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THE FOUNDATION SUPPORTED AND ENABLED NUMEROUS ATHLETES, OF ALL SKILL SETS AND AGE DIVISIONS, THROUGH THE FOLLOWING GRANT OPPORTUNITIES: YOUTH PILLAR GRANTS (PROGRAMS AND INDIVIDUALS ENCOURAGING YOUTH PARTICIPATION), DEIA PILLAR GRANTS (PROGRAMS AND INDIVIDUALS INSPIRING PATHWAYS TO ACCESS AND INCLUSION), BRIDGET INSPIRES GRANTS (SUPPORTING YOUNG FEMALE TRIATHLETES), AND THE NCAA WOMEN'S EMERGING SPORTS GRANT (SUPPORT FOR THE JOURNEY TO BECOME A FULL-FLEDGED NCAA CHAMPIONSHIP SPORT, ALLOWING FEMALE TRIATHLETES THE OPPORTUNITY TO BE OFFICIAL NCAA STUDENT-ATHLETES AND PARTICIPATE IN COMPETITIVE DRAFT-LEGAL RACING).
PROJECT PODIUM GRANT PROGRAM - GRANT FUNDING TO SUPPORT OLYMPIC DEVELOPMENT PROGRAM TO HELP IDENTIFY UP AND COMING OLYMPIC HOPEFULS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabe Cagwin President | Officer | 5 | $0 |
Alex Egan Chair | OfficerTrustee | 5 | $0 |
Stephen Ban Past Chair | OfficerTrustee | 5 | $0 |
Brenda Smith Secretary | OfficerTrustee | 5 | $0 |
Jacqueline Mccook Trustee | Trustee | 5 | $0 |
Melissa Stockwell Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $175,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,006,855 |
| Noncash contributions included in lines 1a–1f | $200,672 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,181,855 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,585 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,185,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $275,000 |
| Grants and other assistance to domestic individuals. | $508,848 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $180,257 |
| Fees for services: Legal | $0 |
| 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 | $31,168 |
| Advertising and promotion | $12,648 |
| Office expenses | $30,276 |
| Information technology | $10,590 |
| Royalties | $0 |
| Occupancy | $230 |
| Travel | $192,743 |
| 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 | $2,262 |
| Insurance | $3,683 |
| All other expenses | $0 |
| Total functional expenses | $1,273,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,196 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $704,426 |
| Accounts receivable, net | $69,203 |
| 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 | $6,162 |
| Net Land, buildings, and equipment | $2,337 |
| Investments—publicly traded securities | $124,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,611,693 |
| Accounts payable and accrued expenses | $40,450 |
| Grants payable | $0 |
| Deferred revenue | $53,775 |
| 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 | $159,500 |
| Other liabilities | $60,508 |
| Total liabilities | $314,233 |
| Net assets without donor restrictions | -$100,703 |
| Net assets with donor restrictions | $1,398,163 |
| 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 | $1,611,693 |
Grants Awarded
Over the last fiscal year, Usa Triathlon Foundation has awarded $275,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WINGATE UNIVERSITY PURPOSE: See Part IV | $10,000 |
HAMPTON UNIVERSITY PURPOSE: See Part IV | $15,000 |
ALVERNIA UNIVERSITY PURPOSE: See Part IV | $10,000 |
NEWBERRY COLLEGE PURPOSE: See Part IV | $25,000 |
BELMONT ABBEY COLLEGE PURPOSE: See Part IV | $10,000 |
HUMBOLDT STATE UNIVERSITY PURPOSE: See Part IV | $65,000 |