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Nonprofiteer
← USA BOBSLED SKELETON INC

Form 990 for tax year 2024

Filed by USA BOBSLED SKELETON INC.

Totals

Total revenue
$4,131,045
Total expenses
$3,687,105
Contributions and grants received
$3,150,684
Grants paid
$351,127
Program service revenue
$870,883
Investment income
$109,478
Other revenue
$0
Total assets, end of year
$6,267,481
Total liabilities, end of year
$634,710
Net assets or fund balances, end of year
$5,632,771
Program services expenses (Part IX)
$2,891,012
Management and general expenses
$737,668
Fundraising expenses
$58,425
Program service expenses (Part III)
$2,891,012

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $75,576

  • 1e · Government grants (contributions)

    $124,900

  • 1f · All other contributions, gifts and grants

    $2,950,208

  • 1g · Noncash contributions included above

    $119,990

  • 2a · Program service revenue: CORPORATE SPONSORSHIP

    total $634,476 · related or exempt $634,476

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $186,999 · related or exempt $186,999

  • 2c · Program service revenue: USOPC MEDIA AGREEMENT

    total $26,933 · related or exempt $26,933

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $22,475 · related or exempt $22,475

  • 3 · Investment income

    total $105,284 · excluded $105,284

  • 7a · Gross sales of assets other than inventory

    securities $4,194

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $4,194

  • 7d · Net gain or loss

    total $4,194 · excluded $4,194

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $351,127 · program services $351,127

  • 5 · Compensation of officers, directors and key employees

    total $333,474 · program services $151,034 · management and general $182,440

  • 7 · Other salaries and wages

    total $895,991 · program services $549,945 · management and general $346,046

  • 8 · Pension plan contributions

    total $9,486 · program services $1,600 · management and general $7,886

  • 9 · Other employee benefits

    total $53,884 · program services $33,452 · management and general $20,432

  • 10 · Payroll taxes

    total $86,586 · program services $52,586 · management and general $34,000

  • 11b · Fees: legal

    total $13,070 · management and general $13,070

  • 11c · Fees: accounting

    total $18,250 · management and general $18,250

  • 11f · Fees: investment management

    total $1,598 · management and general $1,598

  • 11g · Fees: other

    total $95,742 · program services $93,042 · fundraising $2,700

  • 12 · Advertising and promotion

    total $51,941 · management and general $715 · fundraising $51,226

  • 13 · Office expenses

    total $25,703 · management and general $25,703

  • 14 · Information technology

    total $4,658 · program services $4,658

  • 16 · Occupancy

    total $2,400 · management and general $2,400

  • 17 · Travel

    total $652,434 · program services $649,159 · management and general $2,640 · fundraising $635

  • 19 · Conferences, conventions and meetings

    total $13,943 · management and general $13,943

  • 20 · Interest

    total $125 · management and general $125

  • 22 · Depreciation, depletion and amortization

    total $246,729 · program services $246,729

  • 23 · Insurance

    total $149,419 · program services $97,653 · management and general $51,766

  • 24a · Other expenses: EQUIPMENT

    total $233,159 · program services $231,022 · management and general $2,137

  • 24b · Other expenses: SLED SHIPPING

    total $132,076 · program services $132,076

  • 24c · Other expenses: BOBSLED EXPENSES

    total $129,262 · program services $129,262

  • 24d · Other expenses: OTHER

    total $123,184 · program services $118,147 · management and general $1,173 · fundraising $3,864

  • 24e · All other expenses

    total $62,864 · program services $49,520 · management and general $13,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $653,480 · end of year $570,025

  • 2 · Savings and temporary cash investments

    beginning of year $1,491,026 · end of year $1,669,660

  • 3 · Pledges and grants receivable

    beginning of year $541,561 · end of year $109,757

  • 4 · Accounts receivable

    beginning of year $33,017 · end of year $27,329

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,794 · end of year $103,985

  • 10a · Land, buildings and equipment: cost or other basis

    $3,390,873

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,992,447

  • 10c · Land, buildings and equipment, net

    beginning of year $1,216,475 · end of year $1,398,426

  • 11 · Investments: publicly traded securities

    beginning of year $1,441,394 · end of year $1,528,249

  • 12 · Investments: other securities

    beginning of year $303,266 · end of year $860,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,113 · end of year $310,363

  • 19 · Deferred revenue

    beginning of year $126,020 · end of year $129,545

  • 25 · Other liabilities

    beginning of year $441,561 · end of year $194,802

  • 27 · Net assets without donor restrictions

    beginning of year $3,554,967 · end of year $3,938,282

  • 28 · Net assets with donor restrictions

    beginning of year $1,496,352 · end of year $1,694,489

Mission and programs · 2024

Mission

USA BOBSLED/SKELETON IS RESPONSIBLE FOR PROMOTING THE SPORTS OF BOBSLED AND SKELETON IN THE UNITED STATES, AND PROMOTING THE PARTICIPATION OF U.S. ATHLETE IN ELITE INTERNATIONAL COMPETITION. USABS SUPPORTS ITS ATHLETES THROUGH RECRUITMENT, DEVELOPMENT, AND TRAINING IN THE ULTIMATE PURSUIT OF COMPETITIVE EXCELLENCE AND OLYMPIC PARTICIPATION. USABS' MISSION IS TO EMPOWER UNITED STATES ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE SUCCESS IN BOBSLED AND SKELETON AND PURSUE PERSONAL EXCELLENCE AND WELL-BEING.

Activities or mission (Part I)

USA BOBSLED/SKELETON (USABS) IS RESPONSIBLE FOR PROMOTING THE SPORTS OF BOBSLED AND SKELETON IN THE UNITED STATES, AND PROMOTING THE PARTICIPATION OF U.S. ATHLETES IN ELITE INTERNATIONAL COMPETITION. USABS SUPPORTS ITS ATHLETES THROUGH RECRUITMENT, DEVELOPMENT, AND TRAINING IN THE ULTIMATE PURSUIT OF COMPETITIVE EXCELLENCE AND OLYMPIC PARTICIPATION. USABS' MISSION IS TO EMPOWER UNITED STATES ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE SUCCESS IN BOBSLED AND SKELETON AND PURSUE PERSONAL EXCELLENCE AND WELL-BEING.

  • MEN'S BOBSLED AND WOMEN'S BOBSLED- SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AS WELL AS PROVIDED SUPPORT FOR TRAINING AND DEVELOPMENT VIA OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS.

    Expenses $1,123,252 · Revenue $356,330

  • OTHER - SKELETON - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS. DEVELOPMENT - CONDUCTED RECRUITING CAMPS TO IDENTIFY NEW ATHLETES, SUPPORTED DEVELOPMENT TRAINING PROGRAMS AND COMPETITION IN NORTH AMERICA, AND SUPPORTED TRAINING AND COMPETITION OPPORTUNITIES IN EUROPE. TECHNOLOGY - FUNDED BOBSLED AND SKELETON TECHNOLOGY AND EQUIPMENT PURCHASES TO INCLUDE NEW SLEDS, RUNNERS, SPEED SUITS, SPIKES, AND SHOP EQUIPMENT TO BUILD AND REPAIR SLEDS. CONTINUED INVESTMENT IN NEW "MADE IN THE USA" BOBSLED PROJECT. PARASPORT - SUPPORTED PARA ATHLETES TRAINING IN LAKE PLACID THROUGH A DEPT OF VA GRANT IN ADDITION TO LIMITED SUPPORT PROVIDED FOR WORLD CUP AND WORLD CHAMPIONSHIP COMPETITION.

    Expenses $1,121,622 · Grants $248,033 · Revenue $344,871

  • ATHLETE EXPENSE - SUPPORTED ATHLETES.

    Expenses $646,138 · Grants $103,094 · Revenue $169,682

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Randy Aliment

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • David Best

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Bosch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rusty Buchanan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Domingo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ann Gaffigan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tristan Gale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Savannah Graybill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kaillie Armbruster

    DIRECTOR

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Leonid Kasten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Kinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brock Kreitzburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Pogge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Regan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rashelle Tanner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hazel Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aron McGuire

    CEO

    Total calculated
    $216,325
    From this org
    $202,801
    From related orgs
    $0
    Other
    $13,524
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,150
    Bonus
    $15,651
    Other
    $0
    Deferred
    $10,271
    Nontaxable benefits
    $3,253
    Filer's total
    $216,325
  • Lisa Carlock

    CFO

    Total calculated
    $107,453
    From this org
    $98,646
    From related orgs
    $0
    Other
    $8,807
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CEO REVIEW & COMPENSATION COMMITTEE CONDUCTS FORMAL REVIEWS AND NEGOTIATES CONTRACT BASED ON COMPARABILITY DATA
PART I, LINE 7
THE ORGANIZATION MAY MAKE DISCRETIONARY BONUSES TO EMPLOYEES. THE BOARD HAS INPUT FOR THE CEO BONUS AND THE CEO WOULD HAVE INPUT FOR ALL OTHER EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
3 February 2026
IRS schema version
2024v5.5
Source object
202640349349300024

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