Usa Gymnastics
- Assets
- $10.3m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Indianapolis, IN
- Founding
- 12/1982
- Data as of
- 12/2020
- EIN
- 75-1847871
Organization Overview
Usa Gymnastics is located in Indianapolis, IN. The organization was established in 1982. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, USA Gymnastics employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Gymnastics 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 12/2020, USA Gymnastics generated $23.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $21.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
USA GYMNASTICS IS THE DESIGNATED NATIONAL GOVERNING BODY FOR THE SPORT OF GYMNASTICS IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES - USA GYMNASTICS HAS THE RESPONSIBILITY TO SELECT, DEVELOP AND TRAIN THE NATIONAL AND OLYMPIC TEAMS FOR GYMNASTICS. EXPENSES INCLUDE TRAVEL TO INTERNATIONAL COMPETITION, TRAINING CAMPS, ATHLETE AND COACH SUPPORT, APPAREL, JUDGES, DEVELOPMENT AND TRAINING AND EARLY TALENT IDENTIFICATION. THE FIVE PROGRAM DISCIPLINES INCLUDE WOMEN'S ARTISTIC, MEN'S ARTISTIC, RHYTHMIC, TRAMPOLINE & TUMBLING AND ACROBATICS.
MEMBER SERVICES - USA GYMNASTICS HAS OVER 200,000 MEMBERS AFFILIATED WITH OVER 2,500 INDEPENDENTLY OPERATED ORGANIZATIONS TO WHICH IT PROVIDES A VARIETY OF SERVICES AND BENEFITS. BENEFITS INCLUDE PARTICIPANT ACCIDENT INSURANCE COVERAGE TO COMPETING MEMBERS, AND LIABILITY COVERAGE TO HOSTS OF SANCTIONED COMPETITIONS. USA GYMNASTICS ALSO CONDUCTS SAFETY CERTIFICATION WHICH IS REQUIRED OF PROFESSIONAL MEMBERS, DEVELOPS RULES AND POLICIES THAT GOVERN THE CONDUCT OF EVENTS AND CONDUCTS THE ONGOING OPERATION OF ADMINISTRATION. USA GYMNASTICS SUPPORTS AND PROMOTES THE SPORT OF GYMNASTICS THOUGH ATHLETE AND COACH DEVELOPMENT, EVENT SANCTIONING, SAFETY AND EDUCATION.
HOSTED COMPETITIONS - AS THE NATIONAL GOVERNING BODY OF THE SPORT OF GYMNASTICS, USA GYMNASTICS CONDUCTS REGIONAL, NATIONAL AND INTERNATIONAL COMPETITIONS, INCLUDING THE NATIONAL CHAMPIONSHIPS AND OLYMPIC TRIALS. USA GYMNASTICS INCURS ALL EXPENSES RELATED TO THE EVENTS, INCLUDING BUT NOT LIMITED TO, TRAVEL, ARENA RENTAL, PROMOTION, STAFFING, AWARDS AND TELEVISION PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Li Li Leung Chief Executive Officer | Officer | 50 | $441,334 |
Lauryn Turner Chief Of Staff | Officer | 50 | $214,020 |
Kimberly Kranz Chief Of Athlete Wellness | 50 | $195,476 | |
Stefanie Korepin Chief Program Officer | 50 | $195,315 | |
Carol Fabrizio Thru 921 Commun. Chief & Mktg. Officer | 50 | $164,745 | |
Debbie Shon Chief Legal Officer | 50 | $157,058 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jenner Block Legal | 12/30/21 | $534,750 |
Plews Shadley Racher Braun Llp Legal | 12/30/21 | $371,434 |
Miller Johnson Snell Cummiskey Legal | 12/30/21 | $295,130 |
Pachulski Stan Ziehl Jones Legal | 12/30/21 | $195,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,888,901 |
| Investment income | $254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,572,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,161,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $523,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,416,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $617,695 |
| Payroll taxes | $326,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,446,920 |
| Fees for services: Accounting | $87,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,047,619 |
| Advertising and promotion | $0 |
| Office expenses | $575,235 |
| Information technology | $163,797 |
| Royalties | $0 |
| Occupancy | $236,292 |
| Travel | $1,175,718 |
| 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 | $189,873 |
| Insurance | $3,911,502 |
| All other expenses | $0 |
| Total functional expenses | $21,070,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,586,114 |
| Savings and temporary cash investments | $0 |
| 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 | $86,032 |
| Prepaid expenses and deferred charges | $481,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,341,762 |
| Accounts payable and accrued expenses | $7,102,527 |
| Grants payable | $0 |
| Deferred revenue | $6,601,453 |
| 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 | $804,500 |
| Other liabilities | $9,773 |
| Total liabilities | $14,518,253 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$4,176,491 |
Grants Awarded
Over the last fiscal year, Usa Gymnastics has awarded $69,799 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: Support tuition assistance and educational endeavors of The National Gymnastics Foundation | $57,799 |
UNIVERSITY OF OKLAHOMA PURPOSE: Elite Athlete Development Support | $6,000 |
CYPRESS ACADEMY PURPOSE: Elite Athlete Development Support | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Usa Gymnastics has recieved totaling $3,585,609.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $3,247,826 |
National Gymnastics Foundation Inc Los Angeles, CA PURPOSE: SUPPORT THE EDUCATIONAL AND CHARITABLE EFFORTS OF USA GYMNASTICS | $319,000 |
Pennsylvania Coalition Against Rape Harrisburg, PA PURPOSE: NFL GRANT RECIPIENT | $18,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Track & Field Inc Indianapolis, IN | $46,078,915 | $33,676,790 |
Louisville Arena Authority Inc Louisville, KY | $379,313,505 | $18,535,078 |
Usa Gymnastics Indianapolis, IN | $10,341,762 | $23,572,427 |
Usa Football Indianapolis, IN | $24,226,774 | $15,821,078 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
Indiana Sports Corporation Indianapolis, IN | $18,372,130 | $8,869,621 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Indy College Football Playoff Inc Indianapolis, IN | $2,356,063 | $6,670,000 |
Amateur Trapshooting Association Of America Sparta, IL | $23,868,836 | $5,940,549 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Mid-America Intercollegiate Athletics Association Kansas City, MO | $897,244 | $2,652,440 |
National Archery In The Shools Program Inc Waldo, WI | $6,967,095 | $3,407,459 |