Usa Swimming Foundation
- Assets
- $23.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/2015
- Data as of
- 12/2021
- 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. 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 12/2021, USA Swimming Foundation generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, USA Swimming Foundation has awarded 519 individual grants totaling $12,229,830. 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 ORGANIZATION'S MISSION IS TO RAISE FUNDS TO SAVE LIVES AND BUILD CHAMPIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVINGS LIVES LEARN TO SWIM INITIATIVE: USA SWIMMING AND THE USA SWIMMING FOUNDATION BELIEVE THAT THE BEST DEFENSE AGAINST DROWNING IS EMPOWERING CHILDREN WITH THE LIFE-SAVING SKILL OF SWIMMING AND TEACHING THEM HOW TO BE SAFER AROUND THE WATER. IN 2021, THAT MISSION WAS EXPANDED WHEN U.S. MASTERS SWIMMING MOVED ITS FUNDRAISING EFFORTS FOR ADULT LEARN-TO-SWIM PROGRAMS FROM ITS USMS SWIMMING SAVES LIVES FOUNDATION TO THE USA SWIMMING FOUNDATION. BRINGING ALL LEARN-TO-SWIM FUNDRAISING EFFORTS UNDER THE USA SWIMMING FOUNDATION UMBRELLA IS CREATING GREATER GENERATIONAL IMPACT BY PROVIDING SWIM LESSONS TO PEOPLE OF ALL AGES. THE USA SWIMMING FOUNDATION SUPPORTS SWIM LESSON PROVIDERS ACROSS THE COUNTRY IN AN EFFORT TO PROVIDE THE OPPORTUNITY FOR EVERY PERSON IN AMERICA TO LEARN TO SWIM. WITH THE HELP OF A NETWORK OF MORE THAN 1,600 SWIM LESSON PROVIDERS AND WATER SAFETY ADVOCATES ACROSS THE COUNTRY, USA SWIMMING AND THE USA SWIMMING FOUNDATION EDUCATE PARENTS THROUGH A NATIONAL AWARENESS CAMPAIGN, SAVE LIVES BY SUPPORTING FREE AND REDUCED-COST PROGRAMMING, AND SHARE WITH MILLIONS THE LIFESAVING SKILL OF SWIMMING. EACH YEAR, IN AN EFFORT TO RAISE NATIONAL AWARENESS ABOUT THE IMPORTANCE OF LEARNING TO SWIM, THE USA SWIMMING FOUNDATION EMBARKS ON THE MAKE A SPLASH TOUR PRESENTED BY PHILLIPS 66. DUE TO THE ONGOING COVID-19 PANDEMIC, THE MAKE A SPLASH TOUR REMAINED IN A VIRTUAL FORMAT FOR THE SECOND YEAR IN A ROW, KICKING OFF WITH A FACEBOOK LIVE EVENT WITH OLYMPIC MEDALISTS AND USA SWIMMING FOUNDATION AMBASSADORS NATHAN ADRIAN AND CULLEN JONES. THE TOUR CONTINUED FOR TWO WEEKS WITH A SERIES OF PRINT AND DIGITAL ADS, INTERVIEWS IN LOCAL AND NATIONAL MEDIA OUTLETS, AS WELL AS ON THE SOCIAL MEDIA CHANNELS FOR USA SWIMMING AND USA SWIMMING FOUNDATION. ATHLETES FEATURED INCLUDED JONES AND ADRIAN, PLUS USA SWIMMING FOUNDATION AMBASSADORS AND OLYMPIC MEDALISTS ROWDY GAINES, MISSY FRANKLIN, ELIZABETH BEISEL AND RYAN MURPHY. THE TOUR WAS DESIGNED TO EDUCATE THE PUBLIC ABOUT THE IMPORTANCE OF THE LIFESAVING SKILL OF SWIMMING AND HOW TO CONTINUE WATER SAFETY EDUCATION IN A SAFER WAY WHILE COVID-19 PRECAUTIONS REMAINED IN PLACE.
BUILDING CHAMPIONS NATIONAL TEAM: THE UNITED STATES IS ONE OF A FEW COUNTRIES WITH A GOVERNMENT THAT DOES NOT PROVIDE 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. TRAVEL, PHYSICAL THERAPISTS, STRENGTH TRAINERS, NUTRITIONISTS, SPORTS PSYCHOLOGISTS, AND OTHER EXPERTS ARE ESSENTIAL FOR ATHLETE PEAK PERFORMANCE. THE USA SWIMMING FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE USA SWIMMING NATIONAL TEAM FOR THE CONTINUED GROWTH AND DEVELOPMENT OF OUR NATIONAL TEAM ATHLETES AND COACHES, WHO SET THE WORLD STANDARD FOR EXCELLENCE IN THE POOL YEAR AFTER YEAR.
ALUMNI: THE USA SWIMMING FOUNDATION SUSTAINS A NETWORK OF NATIONAL TEAM ALUMNI WHO ARE PASSIONATE ABOUT CHILDREN LEARNING TO SWIM AND ENTERING THE SPORT THAT GAVE SO MUCH TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil Gordon Director | OfficerTrustee | 4 | $0 |
David Wiederecht Director | OfficerTrustee | 4 | $0 |
David Shackley Director | OfficerTrustee | 4 | $0 |
Eric Skufca Chief Financial Officer | Officer | 5 | $0 |
Tim Hinchey Chief Executive Officer | Officer | 5 | $0 |
Bill Maxson Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,113 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,224,386 |
| Noncash contributions included in lines 1a–1f | $195,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,450,499 |
| Total Program Service Revenue | $567,657 |
| Investment income | $554,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,195 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $432,383 |
| Net Income from Fundraising Events | -$62,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,991,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,599,391 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,790 |
| Pension plan accruals and contributions | $18,171 |
| Other employee benefits | $53,278 |
| Payroll taxes | $16,847 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $11,284 |
| Fees for services: Accounting | $8,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,224 |
| Fees for services: Other | $536,473 |
| Advertising and promotion | $60,007 |
| Office expenses | $75,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,000 |
| Travel | $74,042 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $2,429 |
| Total functional expenses | $3,052,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555,614 |
| Savings and temporary cash investments | $9,677 |
| Pledges and grants receivable | $1,735,418 |
| Accounts receivable, net | $168,716 |
| 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 | $65,356 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,022,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,000 |
| Total assets | $23,677,061 |
| Accounts payable and accrued expenses | $23,765 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $125,526 |
| Total liabilities | $149,291 |
| Net assets without donor restrictions | $14,485,426 |
| Net assets with donor restrictions | $9,042,344 |
| 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 | $23,677,061 |
Grants Awarded
Over the last fiscal year, Usa Swimming Foundation has awarded $1,467,542 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: NATIONAL TEAM | $1,116,433 |
Minneapolis, MN PURPOSE: LEARN TO SWIM | $25,000 |
Everett, WA PURPOSE: LEARN TO SWIM | $20,000 |
HOUSTON ISD PURPOSE: LEARN TO SWIM | $19,000 |
CITY OF ENGLEWOOD PURPOSE: LEARN TO SWIM | $18,051 |
Chicago, IL PURPOSE: LEARN TO SWIM | $15,510 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Usa Swimming Foundation has recieved totaling $815,999.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $664,439 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $41,227 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Hospital For Special Surgery Fund Inc New York, NY PURPOSE: GENERAL SUPPORT | $15,000 |
F M Kirby Foundation Inc Morristown, NJ PURPOSE: FOR: SUPPORT OF THE LEARN-TO-SWIM INITIATIVE IN NEW JERSEY AND THE DURHAM AND ORANGE COUNTIES OF NORTH CAROLINA | $15,000 |
Endowment Analysis
| Beg. Balance | $17,295,618 |
| Earnings | $1,723,010 |
| Net Contributions | $120,000 |
| Grants | $728,750 |
| Ending Balance | $18,409,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Cycling Inc Colorado Springs, CO | $20,419,898 | $14,274,266 |
The United States Figure Skating Foundation Colorado Springs, CO | $110,158,715 | $10,117,675 |
Valley Of The Sun Bowl Foundation Scottsdale, AZ | $1,083,776 | $4,579,117 |
Usa Swimming Foundation Colorado Springs, CO | $23,677,061 | $3,991,779 |
Browning - Kimball Foundation Oklahoma City, OK | $30,298,219 | $3,107,780 |
Frvbc Foundation Englewood, CO | $1,256,818 | $625,440 |
The Park People Denver, CO | $1,887,824 | $837,430 |
Omaha Aaa Hockey Association Inc Omaha, NE | $7,835 | $460,126 |
Sparkys Kidz Inc Tempe, AZ | $82,090 | $410,100 |
United States Foundation For Amateur Roller Skating Lincoln, NE | $2,288,535 | $54,732 |
Arizona Next Level Basketball Foundation Tempe, AZ | $112,927 | $272,227 |
Alliance City Park Foundation Alliance, NE | $14,550 | $0 |