Usa Swimming Foundation
- Assets
- $19.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 72-1581977
Organization Overview
Usa Swimming Foundation is located in Colorado Springs, CO. The organization was established in 2015. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, USA Swimming Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Swimming 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 Swimming Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 1.9% 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 2015, USA Swimming Foundation has awarded 577 individual grants totaling $14,355,121. 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 USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVING LIVES - LEARN-TO-SWIM INITIATIVE: USA SWIMMING AND THE USA SWIMMING FOUNDATION BELIEVE THAT THE BEST DEFENSE AGAINST DROWNING IS EMPOWERING CHILDREN AND ADULTS WITH THE LIFE-SAVING SKILL OF SWIMMING AND EDUCATION ON HOW TO BE SAFER AROUND THE WATER. CONTINUED, SEE SCHEDULE O.
ALUMNI LEGACY
BUILDING CHAMPIONS - NATIONAL TEAM: THE U.S. IS ONE OF FEW COUNTRIES THAT DOES NOT PROVIDE GOVERNMENT FUNDING FOR ITS OLYMPIC-LEVEL ATHLETES. NATIONAL TEAM SWIMMERS TRAIN UP TO FIVE HOURS A DAY AND MAINTAIN A RIGOROUS AND DEMANDING TRAVEL SCHEDULE. THEREFORE, MOST PROFESSIONAL SWIMMERS DO NOT HAVE TIME TO MAINTAIN TRADITIONAL EMPLOYMENT AND COMPETING AT THE HIGHEST LEVEL IS EXPENSIVE. CONTINUED, SEE SCHEDULE O.
BUILDING CHAMPIONS - IMPACTING COMMUNITIES: THE USA SWIMMING FOUNDATION FOCUSES ON INVESTING IN THREE IMPACTFUL PROGRAMS TO INCREASE ACCESS AND OPPORTUNITIES FOR UNDERREPRESENTED COMMUNITIES: COMMUNITY IMPACT GRANTS, HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU) GRANTS AND COMMUNITY SWIM TEAMS. THROUGH THE COMMUNITY IMPACT GRANT PROGRAM, USA SWIMMING AIMS TO GROW A DIVERSE COMMUNITY OF CHAMPION ATHLETES. CONTINUED, SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Hinchey Chief Executive Officer | Officer | 5 | $0 |
Eric Skufca Chief Financial Officer | Officer | 5 | $0 |
Cullen Jones Director | Trustee | 4 | $33,500 |
Jeff Moxie Treasurer | OfficerTrustee | 4 | $0 |
David Shackley Board Chair | OfficerTrustee | 4 | $0 |
Anne Berry Vice-Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $353,582 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,864,519 |
| Noncash contributions included in lines 1a–1f | $295,476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,218,101 |
| Total Program Service Revenue | $619,805 |
| Investment income | $422,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $234,807 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,737 |
| Net Income from Fundraising Events | -$106,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,461,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,393,305 |
| 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. | $33,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,039 |
| Pension plan accruals and contributions | $10,909 |
| Other employee benefits | $45,312 |
| Payroll taxes | $19,264 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $16,146 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,810 |
| Fees for services: Other | $341,293 |
| Advertising and promotion | $6,037 |
| Office expenses | $72,147 |
| Information technology | $1,383 |
| Royalties | $0 |
| Occupancy | $70,000 |
| Travel | $148,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,771,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,446,652 |
| Savings and temporary cash investments | $9,679 |
| Pledges and grants receivable | $1,549,978 |
| Accounts receivable, net | $231,964 |
| 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 | $7,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,462,974 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $120,000 |
| Other assets | $0 |
| Total assets | $19,829,085 |
| Accounts payable and accrued expenses | $22,690 |
| Grants payable | $0 |
| Deferred revenue | $50,900 |
| 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 | $60,339 |
| Total liabilities | $133,929 |
| Net assets without donor restrictions | $12,057,009 |
| Net assets with donor restrictions | $7,638,147 |
| 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 | $19,829,085 |
Grants Awarded
Over the last fiscal year, Usa Swimming Foundation has awarded $2,125,291 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
DADS CLUB AQUATIC CENTER PURPOSE: Learn to Swim | $8,760 |
MUSKEGON YMCA PURPOSE: Learn to Swim | $8,750 |
CITY OF PEORIA PURPOSE: Learn to Swim | $8,500 |
BANGOR REGION YMCA PURPOSE: Learn to Swim | $7,660 |
NILE SWIM CLUB OF YEADON PURPOSE: Learn to Swim | $7,900 |
URBAN SWIM CLEVELAND PURPOSE: Learn to Swim | $17,500 |