Usa Hockey Foundation
- Assets
- $49.9m
- Revenue
- $18.1m
- Investments
- $2.3m
- Employees
- 86
- Location
- Colorado Springs, CO
- Founding
- 02/1990
- Data as of
- 08/2022
- EIN
- 74-2553720
Organization Overview
Usa Hockey Foundation is located in Colorado Springs, CO. The organization was established in 1990. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, USA Hockey Foundation employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Hockey 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 08/2022, USA Hockey Foundation generated $18.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $16.7m during the year ending 08/2022. While expenses have increased by 0.6% 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 2015, USA Hockey Foundation has awarded 363 individual grants totaling $74,099,073. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE USA HOCKEY FOUNDATION IS A CHARITABLE AND EDUCATIONAL NON-PROFIT CORPORATION THAT PROVIDES LONG-RANGE FINANCIAL SUPPORT FOR USA HOCKEY, INC. AND PROMOTES THE GROWTH OF AMATUER HOCKEY IN THE UNITED STATES OF AMERICA. THE FOUNDATION'S PRIMARY GOALS ARE TO ENHANCE USA HOCKEY'S MISSION AND ACTIVITIES; TO PROVIDE FUNDING FOR EDUCATION AND TRAINING OF HIGH PERFORMANCE ATHLETES, AND TO PROVIDE OPPORTUNITIES FOR GREATER PARTICIPATION THROUGHOUT THE COUNTRY.
Describe the Organization's Program Activity:
SUPPORT FOR USA HOCKEY, INC. IN ORDER TO SUPPORT HOCKEY PROGRAMS. ADDITIONAL FUNDING IS PROVIDED IN THE FORM OF BLOCK GRANTS TO AFFILIATED 501 (C)(3) ENTITIES.
PLYMOUTH ARENA PROJECT - TO PROVIDE A WHOLLY OWNED HOME FOR THE NATIONAL TEAM DEVELOPMENT PROGRAM. THE FOUNDATION IS THE SOLE MEMBER OF PLYMOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Trimboli President | OfficerTrustee | 2 | $0 |
Donna Guariglia Vice President | OfficerTrustee | 2 | $0 |
Paul George Treasurer | OfficerTrustee | 2 | $0 |
Tom Regan Secretary | OfficerTrustee | 2 | $0 |
John Fleming Member | Trustee | 2 | $0 |
Keith Barrett Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Baker Daniels Llp Legal | 8/30/15 | $179,569 |
Andrus Archetecture Inc Architecture | 8/30/15 | $136,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,014,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,961,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,975,728 |
| Total Program Service Revenue | $2,400,339 |
| Investment income | $387,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $588,381 |
| Net Gain/Loss on Asset Sales | $1,561,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $896,504 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,128,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,908,608 |
| 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 | $1,810,427 |
| Pension plan accruals and contributions | $94,636 |
| Other employee benefits | $166,540 |
| Payroll taxes | $137,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,609 |
| Fees for services: Accounting | $144,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,143 |
| Fees for services: Other | $177,059 |
| Advertising and promotion | $144,448 |
| Office expenses | $173,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,033,660 |
| Travel | $32,201 |
| 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 | $800,834 |
| Insurance | $142,597 |
| All other expenses | $258,457 |
| Total functional expenses | $16,680,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,292,548 |
| Savings and temporary cash investments | $410,899 |
| Pledges and grants receivable | $1,187,040 |
| Accounts receivable, net | $575,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,316 |
| Prepaid expenses and deferred charges | $505,336 |
| Net Land, buildings, and equipment | $27,296,480 |
| Investments—publicly traded securities | $13,987,709 |
| Investments—other securities | $2,289,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,214,923 |
| Total assets | $49,949,218 |
| Accounts payable and accrued expenses | $316,341 |
| Grants payable | $0 |
| Deferred revenue | $214,476 |
| Tax-exempt bond liabilities | $8,488,268 |
| 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 | $3,671,870 |
| Total liabilities | $12,690,955 |
| Net assets without donor restrictions | $33,875,433 |
| Net assets with donor restrictions | $3,382,830 |
| 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 | $49,949,218 |
Grants Awarded
Over the last fiscal year, Usa Hockey Foundation has awarded $10,770,070 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMATEUR HOCKEY ASSOCIATION OF ILLINOIS PURPOSE: BLOCK GRANT | $13,940 |
AMATEUR HOCKEY ASSOCIATION OF ILLINOIS PURPOSE: DISABLED GRANT - US BLIND TEAM | $5,735 |
AMERICAN HEARING IMPAIRED HOCKEY ASSOCIATION PURPOSE: GRANT | $10,000 |
AMERICAN HOCKEY COACHES ASSOCIATION PURPOSE: GRANT | $10,000 |
ATLANTIC AMATEUR HOCKEY ASSOCIATION PURPOSE: BLOCK GRANT | $17,263 |
CALIFORNIA AMATEUR HOCKEY ASSOCIATION PURPOSE: BLOCK GRANT | $15,380 |