The United States Olympic And Paralympic Endowment
- Assets
- $438.5m
- Revenue
- $6.8m
- Investments
- $151.0m
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 09/1984
- Data as of
- 12/2022
- EIN
- 74-2327838
Organization Overview
The United States Olympic And Paralympic Endowment is located in Colorado Springs, CO. The organization was established in 1984. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, United States Olympic And Paralympic Endowment employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Olympic And Paralympic Endowment 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, United States Olympic And Paralympic Endowment generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $12.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO THE US OLYMPIC AND PARALYMPIC COMMITTEE AND ITS MEMBER ORGANIZATIONS.
Describe the Organization's Program Activity:
THE ENDOWMENT BOARD OF DIRECTORS AUTHORIZED A GRANT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE IN DECEMBER 2022 IN THE AMOUNT OF $11,608,196. IN ADDITION TO SUPPORTING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (COMMITTEE), THE ENDOWMENT PROVIDES SUPPORT TO SECTION 501(C)(3) PUBLIC CHARITY SPORTS ORGANIZATIONS THAT ARE MEMBERS OF THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND HOLDS AND INVESTS THEIR FUNDS SOLELY AS AGENT IN FURTHERANCE OF THE ENDOWMENT'S SUPPORT TO THE COMMITTEE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hirshland CEO - Usopc | OfficerTrustee | 1 | $0 |
Walter Glover Evp/coo | Officer | 24 | $131,741 |
Dana Kuhlman Asst. Secretary | Officer | 40 | $87,567 |
Alejandro Lugo Evp | Officer | 40 | $24,106 |
William J Hybl Chair Of The Board And CEO | OfficerTrustee | 2 | $0 |
Paula Welch Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz And Associates Investment Consult. | 12/30/22 | $314,066 |
Acadian Asset Management Llc Fund Manager | 12/30/22 | $118,981 |
William Blairlazard Ltd Fund Manager | 12/30/22 | $124,664 |
Burgundy Asset Management Ltd Fund Manager | 12/30/22 | $141,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,596 |
| Total Program Service Revenue | $0 |
| Investment income | $2,469,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,359,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,830,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,608,196 |
| 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. | $265,803 |
| Compensation of current officers, directors, key employees. | $265,803 |
| Compensation to disqualified persons | $9,444 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,805 |
| Fees for services: Accounting | $46,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $777,623 |
| Fees for services: Other | $2,400 |
| Advertising and promotion | $0 |
| Office expenses | $18,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,171 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,779 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,547 |
| Insurance | $31,763 |
| All other expenses | $0 |
| Total functional expenses | $12,881,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,354,427 |
| Pledges and grants receivable | $0 |
| 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 | $6,199 |
| Net Land, buildings, and equipment | $16,720 |
| Investments—publicly traded securities | $268,988,937 |
| Investments—other securities | $150,985,458 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,798 |
| Total assets | $438,461,539 |
| Accounts payable and accrued expenses | $162,805 |
| Grants payable | $11,608,196 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $209,623,382 |
| 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 | $223,510 |
| Total liabilities | $221,617,893 |
| Net assets without donor restrictions | $104,065,196 |
| Net assets with donor restrictions | $112,778,450 |
| 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 | $438,461,539 |
Grants Awarded
Over the last fiscal year, The United States Olympic And Paralympic Endowment has awarded $10,562,464 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES OLYMPIC AND PARALYMPIC CO PURPOSE: GENERAL SUPPORT | $10,162,464 |
US OLYMPIC AND PARALYMPIC MUSEUM PURPOSE: General Support | $400,000 |