United States Olympic And Paralympic Foundation
- Assets
- $88.3m
- Revenue
- $48.8m
- Investments
- $14.9m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 10/2013
- Data as of
- 12/2023
- 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 12/2023, same generated $48.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $38.9m during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE PHILANTHROPIC SUPPORT FOR THE USOPC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION (USOPF OR FOUNDATION) GRANTED FUNDS TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (USOPC) FOR FURTHER SUPPORT OF TEAM USA ATHLETES. THIS SUPPORT INCLUDED PROGRAMS IMPACTING ATHLETE EXCELLENCE, SPORT ADVACEMENT, AND COMMUNITY GROWTH.
THE USOPF, IN PARTNERSHIP WITH THE USOPC AND THE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 (LA28), IS LEADING A COMPREHENSIVE CAMPAIGN TO GENERATE PHILANTHROPIC SUPPORT FOR THE ATHLETES WHO WILL REPRESENT TEAM USA ON HOME SOIL AT THE 2028 OLYMPIC AND PARALYMPIC GAMES, AS DESCRIBED IN A PHILANTHROPIC STRATEGY AGREEMENT EXECUTED BETWEEN THE PARTIES IN 2022. THIS COMPREHENSIVE CAMPAIGN IS A MULTI-YEAR EFFORT THROUGH 2028 THAT WILL COMBINE EXISTING FUNDRAISING PRIORITIES WITH A NEW SET OF ASPIRATIONAL FUNDING NEEDS, ACCELERATING THE IMPACT ON TEAM USA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah C Hirshland Ex-Officio As CEO Of Usopc | Trustee | 11 | $0 |
Geoff Yang Chair (as Of 06/2023) | OfficerTrustee | 5 | $0 |
Eryn Michael Bingle Vice Chair (as Of 11/2023) | OfficerTrustee | 0.5 | $0 |
Mark Mary Stevens Vice Chair (as Of 11/2023) | OfficerTrustee | 0.5 | $0 |
Michael Carter Vice Chair (as Of 11/2023) | OfficerTrustee | 0.5 | $0 |
Dwight W Anderson Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
On Location Experiences Hospitality Services | 12/30/23 | $24,808,860 |
Us Olympic & Paralympic Committee Management Fees | 12/30/23 | $6,215,133 |
Donor Voice Fundraising Services | 12/30/23 | $407,464 |
Industry Creative Llc Brand Consulting | 12/30/23 | $224,615 |
Wasusau Financial Systems Inc Payment Processing | 12/30/23 | $108,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,138,004 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,467,966 |
| Noncash contributions included in lines 1a–1f | $3,732,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,605,970 |
| Total Program Service Revenue | $0 |
| Investment income | $1,199,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,939 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,493 |
| Net Income from Fundraising Events | -$39,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,794,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,587,502 |
| 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 | $6,215,133 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $885,039 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,206,613 |
| Advertising and promotion | $183,654 |
| Office expenses | $149,359 |
| Information technology | $325,315 |
| Royalties | $0 |
| Occupancy | $1,635,582 |
| Travel | $487,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,102,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $212,137 |
| Total functional expenses | $38,905,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,825,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,303,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $63,870 |
| Prepaid expenses and deferred charges | $34,628,622 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,428,856 |
| Investments—other securities | $14,912,379 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,002 |
| Total assets | $88,280,136 |
| Accounts payable and accrued expenses | $6,772,378 |
| Grants payable | $20,809,672 |
| Deferred revenue | $23,308,130 |
| 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 | $26,067,207 |
| Total liabilities | $76,957,387 |
| Net assets without donor restrictions | -$37,554,294 |
| Net assets with donor restrictions | $48,877,043 |
| 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 | $88,280,136 |
Grants Awarded
Over the last fiscal year, United States Olympic And Paralympic Foundation has awarded $63,472,311 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE PURPOSE: PROGRAM SUPPORT | $27,505,694 |
LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 PURPOSE: PROGRAM SUPPORT | $35,966,617 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Olympic And Paralympic Foundation Colorado Springs, CO | $88,280,136 | $48,794,865 |
United States Anti-Doping Agency Colorado Springs, CO | $14,139,302 | $28,746,909 |
United States Fencing Association Colorado Springs, CO | $4,690,804 | $12,268,115 |
Usa Climbing Salt Lake City, UT | $2,446,661 | $6,729,157 |
Usa Boxing Inc Colorado Springs, CO | $3,723,567 | $6,981,844 |
Telluride Foundation Telluride, CO | $15,702,846 | $3,726,350 |
Naz Elite Inc Flagstaff, AZ | $50,112 | $997,855 |
Usa Hockey Inc Scottsdale, AZ | $642,561 | $379,397 |
Usa Track & Field Arizona Inc Scottsdale, AZ | $112,288 | $0 |
Global Sports Partners Inc Norman, OK | $253,459 | $237,955 |
Usa Track & Field Inc Colorado Springs, CO | $286,053 | $0 |
American Servicemembers Amateur Sports Inc Boulder, CO | $8,567 | $247,287 |
Womens Ski Jumping Usa Inc Park City, UT | $64,225 | $0 |