International Olympic Committee
- Assets
- $4.0b
- Revenue
- $2.3b
- Investments
- $0.0
- Employees
- 525
- Location
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 98-0123241
Organization Overview
International Olympic Committee is located in null. The organization was established in 1992. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, International Olympic Committee employed 525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Olympic Committee is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, International Olympic Committee generated $2.3b in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.0b during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE OLYMPISM THROUGHOUT THE WORLD AND LEAD THE OLYMPIC MOVEMENT IN ACCORDANCE WITH THE OLYMPIC CHARTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLYMPIC GAMES REVENUE DISTRIBUTION: IN 2022, THE IOC PROVIDED DIRECT FINANCIAL SUPPORT TO THE BEIJING 2022 ORGANISING COMMITTEE, THE NATIONAL OLYMPIC COMMITTEES (INCLUDING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE) AND VARIOUS INTERNATIONAL SPORTS FEDERATIONS THROUGH THE DISTRIBUTION OF OLYMPIC GAMES REVENUES.
OLYMPIC MARKETING PROGRAMME TOP REVENUE DISTRIBUTION: IN 2022, THE TOP REVENUE DISTRIBUTION GAVE VALUABLE SUPPORT TO THE TOKYO 2020 ORGANISING COMMITTEE, THE BEIJING 2022 ORGANISING COMMITTEE, THE PARIS 2024 ORGANISING COMMITTEE, THE MILANO CORTINA 2026 ORGANISING COMMITTEE, THE LOS ANGELES 2028 ORGANISING COMMITTEE AND THE NATIONAL OLYMPIC COMMITTEES (INCLUDING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE).
OLYMPIC SOLIDARITY PROGRAMME:OLYMPIC SOLIDARITY PROGRAMME IS RESPONSIBLE FOR ADMINISTERING AND MANAGING THE SHARE OF THE OLYMPIC BROADCASTING RIGHTS FOR ALL RECOGNISED NATIONAL OLYMPIC COMMITTEES (NOCS) BY THE IOC. OLYMPIC SOLIDARITY REDISTRIBUTES THESE FUNDS THROUGH DIVERSE PROGRAMMES ACCORDING TO THE NEEDS OF THE NOCS AND CONTINENTAL ASSOCIATIONS. THESE INCLUDE: - WORLD PROGRAMMES, PRIORITISING ATHLETES, COACHES, NOC MANAGEMENT AND THE PROMOTION OF THE THE OLYMPIC VALUES; - CONTINENTAL PROGRAMMES, MEETING THE SPECIFIC NEEDS OF EACH CONTINENT; - IOC SUBSIDIES FOR PARTICIPATION IN OLYMPIC GAMES, OFFERING FINANCIAL SUPPORT TO NOCS BEFORE, DURING AND AFTER THE GAMES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christophe DE Kepper Director General | Officer | 41 | $1,411,744 |
Lana Haddad Chief Operating Officer | Officer | 41 | $952,084 |
Christophe Dubi Olympic Games Exec Director | Officer | 41 | $598,860 |
Kit Mcconnell Sports Director | Officer | 41 | $571,488 |
Mark Adams Spokesman Services Director | 41 | $504,399 | |
Emre Kurtoglu Chief Financial Officer | Officer | 41 | $498,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bird Bird Llp Legal Marketing | 12/30/22 | $8,711,091 |
Essence Global Limited Consulting | 12/30/22 | $8,640,152 |
Dentsu Inc Sports Marketing | 12/30/22 | $4,669,452 |
Scenotech Gmbh Media Solutions Consulting | 12/30/22 | $3,422,729 |
Zenith International Media Ltd Consulting | 12/30/22 | $3,301,359 |
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 | $16,821 |
| Noncash contributions included in lines 1a–1f | $16,821 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,821 |
| Total Program Service Revenue | $2,160,764,580 |
| Investment income | $28,127,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$198,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,301,775,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,096,378 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,128,128,968 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,225,852 |
| Compensation of current officers, directors, key employees. | $5,887,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,090,434 |
| Pension plan accruals and contributions | $7,290,572 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,765,176 |
| Fees for services: Other | $6,605,770 |
| Advertising and promotion | $1,417,506 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,401,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,046,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,076,418 |
| Insurance | $0 |
| All other expenses | $1,191,656 |
| Total functional expenses | $2,039,186,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,228,490 |
| Savings and temporary cash investments | $2,890,687,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $248,189,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $525,290,785 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,447,706 |
| Net Land, buildings, and equipment | $167,413,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $25,210,196 |
| Intangible assets | $0 |
| Other assets | $459,968 |
| Total assets | $4,029,928,127 |
| Accounts payable and accrued expenses | $574,482,051 |
| Grants payable | $0 |
| Deferred revenue | $911,231,253 |
| 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 | $123,555,557 |
| Other liabilities | $0 |
| Total liabilities | $1,609,268,861 |
| Net assets without donor restrictions | $1,821,307,303 |
| Net assets with donor restrictions | $599,351,963 |
| 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 | $4,029,928,127 |
Grants Awarded
Over the last fiscal year, International Olympic Committee has awarded $237,096,378 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USOPC PURPOSE: SUPPORT OLYMPIC MOVEMENT | $237,015,493 |
LA 2028 | | | $80,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|