Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $8,471,337

• 1g · Noncash contributions included above

  $2,422,207

• 2a · Program service revenue: Sponsorships & Royalties

  total $19,173,668 · related or exempt $18,346,168 · unrelated business $827,500

• 2b · Program service revenue: Membership Fees

  total $2,510,678 · related or exempt $2,510,678

• 2c · Program service revenue: Sanction Fees

  total $1,327,737 · related or exempt $1,327,737

• 2d · Program service revenue: Event Rights, Entries, Tickets

  total $1,317,800 · related or exempt $1,317,800

• 3 · Investment income

  total $359,685 · excluded $359,685

• 5 · Royalties

  total $12,001 · excluded $12,001

• 7a · Gross sales of assets other than inventory

  securities $2,399,424 · other assets $27,000

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

  securities $2,492,957 · other assets $0

• 7c · Gain or loss

  securities -$93,533 · other assets $27,000

• 7d · Net gain or loss

  total -$66,533 · excluded -$66,533

• 10a · Gross sales of inventory

  $1,288,495

• 10b · Cost of goods sold

  $1,177,161

• 10c · Net income from sales of inventory

  total $111,334 · related or exempt -$198,282 · unrelated business $309,616

• 11a · Other revenue: Media Revenue

  total $1,355,410 · excluded $1,355,410

• 11d · All other revenue

  total $433,662 · excluded $433,662

• 11e · Other revenue, total

  $1,789,072

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $435,950 · program services $435,950

• 2 · Grants to domestic individuals

  total $9,592,947 · program services $9,592,947

• 3 · Grants to foreign organizations and individuals

  total $1,913,990 · program services $1,913,990

• 5 · Compensation of officers, directors and key employees

  total $4,730,330 · program services $1,793,226 · management and general $2,937,104

• 7 · Other salaries and wages

  total $3,336,240 · program services $2,192,698 · management and general $1,143,542

• 8 · Pension plan contributions

  total $264,942 · management and general $264,942

• 9 · Other employee benefits

  total $467,303 · management and general $467,303

• 10 · Payroll taxes

  total $447,960 · management and general $447,960

• 11b · Fees: legal

  total $533,062 · management and general $533,062

• 11c · Fees: accounting

  total $150,832 · management and general $150,832

• 11f · Fees: investment management

  total $62,972 · management and general $62,972

• 11g · Fees: other

  total $6,718,743 · program services $6,090,034 · management and general $628,709

• 12 · Advertising and promotion

  total $58,979 · management and general $58,979

• 13 · Office expenses

  total $524,364 · program services $406,044 · management and general $118,320

• 14 · Information technology

  total $1,143,000 · management and general $1,143,000

• 16 · Occupancy

  total $693,414 · management and general $693,414

• 17 · Travel

  total $1,128,135 · program services $766,406 · management and general $361,729

• 19 · Conferences, conventions and meetings

  total $172,232 · program services $31,099 · management and general $141,133

• 20 · Interest

  total $653,398 · management and general $653,398

• 22 · Depreciation, depletion and amortization

  total $85,742 · management and general $85,742

• 23 · Insurance

  total $2,105,625 · program services $1,829,350 · management and general $276,275

• 24a · Other expenses: US Olympic Direct Athle

  total $2,032,000 · program services $2,032,000

• 24b · Other expenses: Team Gear & Equipment

  total $1,631,911 · program services $1,631,911

• 24c · Other expenses: Events

  total $70,181 · program services $65,735 · management and general $4,446

• 24e · All other expenses

  total $1,655,544 · program services $433,509 · management and general $1,222,035

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,033,807 · end of year $1,066,236

• 2 · Savings and temporary cash investments

  beginning of year $1,803,050 · end of year $4

• 4 · Accounts receivable

  beginning of year $849,217 · end of year $476,540

• 5 · Loans and receivables from officers and key people

  beginning of year $405,347 · end of year $205,228

• 8 · Inventories for sale or use

  beginning of year $3,962,862 · end of year $4,026,113

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,774,838 · end of year $2,424,287

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

  $1,170,768

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

  $985,192

• 10c · Land, buildings and equipment, net

  beginning of year $191,433 · end of year $185,576

• 11 · Investments: publicly traded securities

  beginning of year $9,903,723 · end of year $10,620,728

• 15 · Other assets

  beginning of year $14,343,766 · end of year $12,948,018

• 17 · Accounts payable and accrued expenses

  beginning of year $4,667,544 · end of year $9,051,294

• 19 · Deferred revenue

  beginning of year $7,516,311 · end of year $7,285,034

• 24 · Unsecured notes and loans payable

  beginning of year $6,193,812 · end of year $6,182,528

• 25 · Other liabilities

  beginning of year $15,292,383 · end of year $13,924,560

• 27 · Net assets without donor restrictions

  beginning of year $384,221 · end of year -$4,683,001

• 28 · Net assets with donor restrictions

  beginning of year $213,772 · end of year $192,315

The filer's explanations (Part III)

Part I, Line 1a

Health or Social Club dues are provided for the CEO of the organization. The amounts are not included in taxable income since the dues are paid for the business purpose of the membership/facility. First class or charter travel - Chief Executives with three years of service - all travel is business related and not included in the taxable income of the employees.

Part I, Line 4b

The CEO and COO have written compensation plans which are described in IRC Section 457(f). Amounts reported as taxable income or accrued for future payment are included in Part II.

Part I, Line 7

Performance bonuses are determined at year end by the CEO and COO with input from Department heads.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• USATF Properties LLC

  Media Rights · IN · income $0 · assets $0

  Directly controlled by USA Track & Field Inc