United States Olympic And Paralympic Foundation
- Assets
- $53.4m
- Revenue
- $49.9m
- Investments
- $10.2m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 80-0939841
Organization Overview
United States Olympic And Paralympic Foundation, operating under the name same, is located in Colorado Springs, CO. The organization was established in 2013. According to its NTEE Classification (N71) the organization is classified as: Olympics, 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. same 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, same generated $49.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $45.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE PHILANTHROPIC SUPPORT FOR THE USOPC (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION (USOPF) GRANTED FUNDS TO THE U.S. OLYMPIC AND PARALYMPIC COMMITTEE FOR FURTHER SUPPORT OF U.S. OLYMPIC AND PARALYMPIC ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Crawford Chairman Of The Board | OfficerTrustee | 5 | $0 |
Christopher Mccleary Secretary (thru 01/2021) | Officer | 3 | $0 |
Morane B Kerek Treasurer | Officer | 3 | $0 |
Christine V Walshe President | Officer | 55 | $0 |
Katherine Destefano Secretary (as Of 01/2021) | Officer | 24 | $0 |
Tim M Nancy A Armstrong Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Olympic & Paralympic Committee Management Fees | 12/30/21 | $4,475,719 |
Donor Voice Fundraising Service | 12/30/21 | $409,394 |
Forward Pmx Fundraising Services | 12/30/21 | $214,574 |
Mightyhive Inc Website Services | 12/30/21 | $299,446 |
Facebook Inc Fundraising Solicitation | 12/30/21 | $213,033 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,675 |
| Related organizations | $13,957,914 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,075,270 |
| Noncash contributions included in lines 1a–1f | $7,101,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,071,859 |
| Total Program Service Revenue | $0 |
| Investment income | $2,602,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,968 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,737,112 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,946,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,805,501 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,475,719 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $623,968 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,212,709 |
| Advertising and promotion | $718,329 |
| Office expenses | $55,101 |
| Information technology | $536,828 |
| Royalties | $0 |
| Occupancy | $1,503,141 |
| Travel | $155,834 |
| 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 | $0 |
| Total functional expenses | $44,992,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,332,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $240,650 |
| Accounts receivable, net | $6,518,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $301,842 |
| Prepaid expenses and deferred charges | $266,131 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,521,877 |
| Investments—other securities | $10,177,552 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,358,562 |
| Accounts payable and accrued expenses | $2,268,080 |
| Grants payable | $13,713,799 |
| 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 | $70,971 |
| Total liabilities | $16,052,850 |
| Net assets without donor restrictions | $909,041 |
| Net assets with donor restrictions | $36,396,671 |
| 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 | $53,358,562 |
Grants Recieved
Over the last fiscal year, we have identified 48 grants that United States Olympic And Paralympic Foundation has recieved totaling $16,690,178.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $13,957,914 |
Pershing Square Foundation New York, NY PURPOSE: GENERAL SUPPORT | $475,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Youth Development | $286,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $260,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $210,515 |
Barbara Bradley Baekgaard Family Foundation Haverford, PA PURPOSE: COMMUNITY LIFE | $132,335 |
Endowment Analysis
| Beg. Balance | $24,544,757 |
| Earnings | $4,036,802 |
| Net Contributions | $14,037,130 |
| Grants | $6,222,018 |
| Ending Balance | $36,396,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Olympic And Paralympic Foundation Colorado Springs, CO | $53,358,562 | $49,946,245 |
United States Anti-Doping Agency Colorado Springs, CO | $14,726,457 | $27,194,020 |
United States Fencing Association Colorado Springs, CO | $3,808,524 | $11,566,627 |
Telluride Foundation Telluride, CO | $17,715,032 | $5,834,891 |
Usa Boxing Inc Colorado Springs, CO | $3,373,235 | $6,094,958 |
Usa Climbing Salt Lake City, UT | $1,081,889 | $3,858,260 |
Usa Cycling Development Foundation Colorado Springs, CO | $3,439,986 | $1,767,971 |
Naz Elite Inc Flagstaff, AZ | $22,418 | $813,294 |
Usa Hockey Inc Scottsdale, AZ | $564,111 | $348,237 |
Usa Track & Field Inc Scottsdale, AZ | $101,727 | $0 |
American Servicemembers Amateur Sports Inc Boulder, CO | $8,567 | $247,287 |
Global Sports Partners Inc Norman, OK | $212,858 | $142,229 |