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Nonprofiteer
← WORLD CUP DREAMS FOUNDATION

Form 990 for tax year 2022

Filed by WORLD CUP DREAMS FOUNDATION.

Totals

Total revenue
$500,370
Total expenses
$662,257
Contributions and grants received
$500,364
Grants paid
$533,139
Program service revenue
$0
Investment income
$6
Other revenue
$0
Total assets, end of year
$648,966
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$648,966
Program services expenses (Part IX)
$578,953
Management and general expenses
$75,598
Fundraising expenses
$7,706
Program service expenses (Part III)
$578,953

Program services were 87.4% 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.

  • 1f · All other contributions, gifts and grants

    $500,364

  • 3 · Investment income

    total $6 · unrelated business $6

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $533,139 · program services $533,139

  • 5 · Compensation of officers, directors and key employees

    total $60,000 · management and general $60,000

  • 10 · Payroll taxes

    total $4,715 · management and general $4,715

  • 11c · Fees: accounting

    total $2,615 · program services $784 · management and general $1,046 · fundraising $785

  • 11g · Fees: other

    total $11,062 · program services $3,135 · management and general $4,792 · fundraising $3,135

  • 12 · Advertising and promotion

    total $9,956 · program services $2,987 · management and general $3,982 · fundraising $2,987

  • 13 · Office expenses

    total $2,645 · program services $793 · management and general $1,058 · fundraising $794

  • 17 · Travel

    total $38,110 · program services $38,110

  • 24a · Other expenses: BANK FEES

    total $15 · program services $5 · management and general $5 · fundraising $5

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $579,250 · end of year $417,358

  • 2 · Savings and temporary cash investments

    beginning of year $24,426 · end of year $24,431

  • 15 · Other assets

    beginning of year $250,000 · end of year $207,177

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $853,676 · end of year $648,966

Mission and programs · 2022

Mission

TO FURTHER THE GROWTH AND DEVELOPMENT OF THE NATION'S BEST SKIERS BY HELPING THEM REALIZE THEIR ATHLETIC GOALS AND DREAMS THROUGH CAREER MANAGEMENT, MENTORSHIP AND FINANCIAL SUPPORT.

Activities or mission (Part I)

TO FURTHER THE GROWTH AND DEVELOPMENT OF THE NATION'S BEST ATHLETES BY HELPING THEM REALIZE THEIR ATHLETIC GOALS AND DREAMS THROUGH CAREER MANAGEMENT, MENTORSHIP AND FINANCIAL SUPPORT.

  • THE ORGANIZATION PROVIDED SCHOLARSHIPS TO ELITE SKI RACING ATHLETES TO OFFSET TRAINING & COMPETITION IN 2022.

    Expenses $578,953 · Grants $533,139 · Revenue $500,364

As filed on the 2022 return.

Listed in Part VII

  • Bryon Friedman

    PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Scott Macartney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steven Nyman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas Biesemeyer

    EXECUTIVE DIRECTOR

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Armins Rusis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Phill Gross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kate Krehbiel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marco Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tom Karam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Caroline Mutter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ted Ligety

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jim Bianchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
18 July 2023
IRS schema version
2022v5.0
Source object
202321999349301517

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