Usa Triathlon Foundation
- Assets
- $697.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/2015
- Data as of
- 12/2021
- 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 12/2021, USA Triathlon Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 12.0% 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.
Since 2018, USA Triathlon Foundation has awarded 91 individual grants totaling $3,023,945. 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
2021
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
NCAA WOMENS EMERGING SPORTS GRANT - AS AN EMERGING SPORT FOR WOMEN, TRIATHLON EMBARKS ON THE JOURNEY TO BECOME A FULL-FLEDGED NCAA CHAMPIONSHIP SPORT, ALLOWING FEMALE TRIATHELTES THE OPPORTUNITY TO BE OFFICIAL NCAA STUDENT-ATHLETES AND PARTICIPATE IN COMPETITIVE DRAFT-LEGAL RACING.
COVID RELIEF GRANTS: THE USA TRIATHLON FOUNDATION, IN PARTNERSHIP WITH THE PROFESSIONAL TRIATHLETES ORGANISATION (PTO), PROVIDED A SECOND ROUND OF COVID-19 RELIEF FUND DONATIONS. A PORTION OF THE SECOND-ROUND FUNDING WAS RAISED THROUGH A 10-DAY PRIZE DRAW LEADING INTO THE PTO 2020 CHAMPIONSHIP AT CHALLENGEDAYTONA, IN WHICH PAST AND PRESENT PROFESSIONAL TRIATHLETES FROM AROUND THE GLOBE DONATED THEIR TIME AND MERCHANDISE IN A GLOBAL, 10-DAY-LONG PRIZE DRAW. (SEE SCH-O)
PROJECT PODIUM GRANT PROGRAM - GRANT FUNDING TO SUPPORT OLYMPIC DEVELOPMENT PROGRAM TO HELP IDENTIFY UP AND COMING OLYMPIC HOPEFULS.
OTHER PROGRAM SERVICE
NCAA WOMENS EMERGING SPORTS GRANT - AS AN EMERGING SPORT FOR WOMEN, TRIATHLON EMBARKS ON THE JOURNEY TO BECOME A FULL-FLEDGED NCAA CHAMPIONSHIP SPORT, ALLOWING FEMALE TRIATHELTES THE OPPORTUNITY TO BE OFFICIAL NCAA STUDENT-ATHLETES AND PARTICIPATE IN COMPETITIVE DRAFT-LEGAL RACING.
COVID RELIEF GRANTS: THE USA TRIATHLON FOUNDATION, IN PARTNERSHIP WITH THE PROFESSIONAL TRIATHLETES ORGANISATION (PTO), PROVIDED A SECOND ROUND OF COVID-19 RELIEF FUND DONATIONS. A PORTION OF THE SECOND-ROUND FUNDING WAS RAISED THROUGH A 10-DAY PRIZE DRAW LEADING INTO THE PTO 2020 CHAMPIONSHIP AT CHALLENGEDAYTONA, IN WHICH PAST AND PRESENT PROFESSIONAL TRIATHLETES FROM AROUND THE GLOBE DONATED THEIR TIME AND MERCHANDISE IN A GLOBAL, 10-DAY-LONG PRIZE DRAW. (SEE SCH-O)
PROJECT PODIUM GRANT PROGRAM - GRANT FUNDING TO SUPPORT OLYMPIC DEVELOPMENT PROGRAM TO HELP IDENTIFY UP AND COMING OLYMPIC HOPEFULS.
OTHER PROGRAM SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Ban President | OfficerTrustee | 5 | $0 |
Gregg Goolsby Treasurer | OfficerTrustee | 2 | $0 |
Brenda Smith Secretary | OfficerTrustee | 2 | $0 |
David Deschenes Executive Director | Officer | 0 | $0 |
Gabe Cagewin August 2021 President/ Cao | Officer | 60 | $0 |
Gabe Cagwin August 2021 President/ Cao | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,575 |
| Related organizations | $0 |
| Government grants | $25,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,462,898 |
| Noncash contributions included in lines 1a–1f | $242,546 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,586,248 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,906 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,942 |
| Net Income from Fundraising Events | $50,491 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$34,567 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,611,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $612,034 |
| Grants and other assistance to domestic individuals. | $41,209 |
| 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 | $414,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,210 |
| Payroll taxes | $32,083 |
| Fees for services: Management | $1,224 |
| Fees for services: Legal | $5,184 |
| 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 | $21,749 |
| Advertising and promotion | $124 |
| Office expenses | $49,362 |
| Information technology | $20,229 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $19,358 |
| 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 | $3,322 |
| All other expenses | $0 |
| Total functional expenses | $1,324,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,534 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $186,389 |
| Accounts receivable, net | $28,897 |
| 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 | $9,916 |
| Net Land, buildings, and equipment | $4,598 |
| Investments—publicly traded securities | $1 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $697,335 |
| Accounts payable and accrued expenses | $71,865 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $156,668 |
| Other liabilities | $76,959 |
| Total liabilities | $311,492 |
| Net assets without donor restrictions | -$101,820 |
| Net assets with donor restrictions | $487,663 |
| 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 | $697,335 |
Grants Awarded
Over the last fiscal year, Usa Triathlon Foundation has awarded $1,103,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
USA TRIATHLON OF COLORADO PURPOSE: See Part IV | $101,500 |
USA TRIATHLON OF COLORADO PURPOSE: See Part IV | $101,500 |
Fort Worth, TX PURPOSE: See Part IV | $100,000 |
Fort Worth, TX PURPOSE: See Part IV | $100,000 |
Dover, DE PURPOSE: See Part IV | $50,000 |
Dover, DE PURPOSE: See Part IV | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Usa Triathlon Foundation has recieved totaling $874,616.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: NCAA Program | | $425,000 |
Organization Name not Listed PURPOSE: NCAA Program | | $425,000 |
Lewis Brunswick & Rebecca Matoff Foundation Inc San Clemente, CA PURPOSE: CHARITY | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,600 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,887 |
El Pomar Foundation Colorado Springs, CO PURPOSE: PENROSE HOUSE GIFT IN KIND | $472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Course Superintendents Assoc Of America Lawrence, KS | $22,593,776 | $9,869,221 |
National Ski Areas Association Inc Lakewood, CO | $3,364,174 | $4,646,860 |
National Association Of Rv Parks & Campgrounds Englewood, CO | $2,982,186 | $3,729,269 |
Southwest Section Of The Pga Scottsdale, AZ | $2,058,989 | $2,125,203 |
Tread Lightly Inc North Salt Lake, UT | $1,548,846 | $2,287,290 |
Usa Triathlon Foundation Colorado Springs, CO | $697,335 | $1,611,026 |
Choose Outdoors Inc Denver, CO | $798,811 | $1,223,154 |
Greater Wichita Area Sports Commission Inc Wichita, KS | $39,204 | $687,039 |
Safari Club International Layton, UT | $60,337 | $369,629 |
Safari Club International Woodland Park, CO | $428,974 | $387,376 |
Nebraska Grain And Feed Association Lincoln, NE | $0 | $220,112 |
Safari Club International Tucson, AZ | $44,957 | $180,958 |