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Nonprofiteer
← USSA INVESTMENT FUND

Form 990 for tax year 2022

Filed by USSA INVESTMENT FUND.

Totals

Total revenue
$5,055,416
Total expenses
$2,562,952
Contributions and grants received
$3,897,122
Grants paid
$2,399,757
Program service revenue
$0
Investment income
$1,158,294
Other revenue
$0
Total assets, end of year
$66,994,026
Total liabilities, end of year
$11,245
Net assets or fund balances, end of year
$66,982,781
Program services expenses (Part IX)
$2,399,757
Management and general expenses
$163,195
Fundraising expenses
$0
Program service expenses (Part III)
$2,399,757

Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Rich Tutino

    Investment Committee Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brian Leach

    Investment Committee Vice-Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kipp Nelson

    U.S. Ski Association Chair

    Total calculated
    $0
    Hours/week
    1 + 2.3 related

  • Steve Strandberg

    U.S. Ski Association Vice-Chair

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Brooke McAffee

    Treasurer/Secretary - CFO

    Total calculated
    $330,076
    From this org
    $8,052
    From related orgs
    $313,976
    Other
    $8,048
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $6,727 + $262,301 related
    Bonus
    $1,325 + $51,675 related
    Other
    $0
    Deferred
    $201 + $7,847 related
    Nontaxable benefits
    $0
    Filer's total
    $8,253 + $321,823 related

  • Tiger Shaw

    Former Officer

    Total calculated
    $312,294
    From this org
    $7,807
    From related orgs
    $304,487
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $3,044 + $118,739 related
    Bonus
    $0
    Other
    $4,763 + $185,748 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $7,807 + $304,487 related

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
All compensation is paid through a related party, the United States Ski Association. The Board of the United States Ski Association appoints a compensation committee, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer and key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202430759349301743

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