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Nonprofiteer
← THE UNITED STATES OLYMPIC AND PARALYMPIC ENDOWMENT

Form 990 for tax year 2024

Filed by THE UNITED STATES OLYMPIC AND PARALYMPIC ENDOWMENT.

Totals

Total revenue
$10,872,344
Total expenses
$13,316,485
Contributions and grants received
$4,843
Grants paid
$11,847,204
Program service revenue
$0
Investment income
$10,867,501
Other revenue
$0
Total assets, end of year
$702,367,979
Total liabilities, end of year
$459,005,848
Net assets or fund balances, end of year
$243,362,131
Program services expenses (Part IX)
$11,847,204
Management and general expenses
$1,469,281
Fundraising expenses
$0
Program service expenses (Part III)
$11,847,204

Program services were 89.0% 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

    $4,843

  • 3 · Investment income

    total $3,302,670 · unrelated business -$336,945 · excluded $3,639,615

  • 7a · Gross sales of assets other than inventory

    securities $13,569,695

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

    securities $6,004,864

  • 7c · Gain or loss

    securities $7,564,831

  • 7d · Net gain or loss

    total $7,564,831 · excluded $7,564,831

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,847,204 · program services $11,847,204

  • 5 · Compensation of officers, directors and key employees

    total $246,578 · management and general $246,578

  • 6 · Compensation of disqualified persons

    total $4,925 · management and general $4,925

  • 9 · Other employee benefits

    total $10,528 · management and general $10,528

  • 10 · Payroll taxes

    total $17,175 · management and general $17,175

  • 11b · Fees: legal

    total $21,493 · management and general $21,493

  • 11c · Fees: accounting

    total $62,375 · management and general $62,375

  • 11f · Fees: investment management

    total $929,170 · management and general $929,170

  • 11g · Fees: other

    total $5,379 · management and general $5,379

  • 13 · Office expenses

    total $12,265 · management and general $12,265

  • 17 · Travel

    total $30,423 · management and general $30,423

  • 19 · Conferences, conventions and meetings

    total $91,752 · management and general $91,752

  • 22 · Depreciation, depletion and amortization

    total $5,190 · management and general $5,190

  • 23 · Insurance

    total $30,441 · management and general $30,441

  • 24a · Other expenses: UBIT

    total $1,587 · management and general $1,587

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $49,235 · end of year $158,722

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,061 · end of year $17,776

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

    $27,498

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

    $18,464

  • 10c · Land, buildings and equipment, net

    beginning of year $14,224 · end of year $9,034

  • 11 · Investments: publicly traded securities

    beginning of year $253,847,833 · end of year $325,473,815

  • 12 · Investments: other securities

    beginning of year $422,930,451 · end of year $375,244,839

  • 15 · Other assets

    beginning of year $1,357,953 · end of year $1,463,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,924 · end of year $187,857

  • 18 · Grants payable

    beginning of year $11,962,839 · end of year $11,847,204

  • 21 · Escrow or custodial account liability

    beginning of year $436,646,349 · end of year $446,708,435

  • 25 · Other liabilities

    beginning of year $223,510 · end of year $262,352

  • 27 · Net assets without donor restrictions

    beginning of year $229,225,135 · end of year $243,362,131

Mission and programs · 2024

Mission

THE ENDOWMENT PROVIDES A PERMANENT ENDOWMENT TO FOSTER THE UNITED STATES OF AMERICA'S PARTICIPATION IN NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION. THIS IS DONE THROUGH DIRECT SUPPORT OF THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE THAT, IN TURN, REGULATES AND SUPPORTS MEMBER SPORTS ORGANIZATIONS THAT DEVELOP AMATEUR ATHLETES FOR NATIONAL AND INTERNATIONAL COMPETITION.

Activities or mission (Part I)

PROVIDE FINANCIAL SUPPORT TO THE US OLYMPIC AND PARALYMPIC COMMITTEE AND ITS MEMBER ORGANIZATIONS.

  • THE ENDOWMENT BOARD OF DIRECTORS AUTHORIZED A GRANT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE IN DECEMBER 2024 IN THE AMOUNT OF $11,847,204. IN ADDITION TO SUPPORTING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (COMMITTEE), THE ENDOWMENT PROVIDES SUPPORT TO SECTION 501(C)(3) PUBLIC CHARITY SPORTS ORGANIZATIONS THAT ARE MEMBERS OF THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND HOLDS AND INVESTS THEIR FUNDS SOLELY AS AGENT IN FURTHERANCE OF THE ENDOWMENT'S SUPPORT TO THE COMMITTEE.

    Expenses $11,847,204 · Grants $11,847,204

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

Listed in Part VII

  • Sarah Hirshland

    USOPC CEO

    Total calculated
    $1,291,598
    From this org
    $0
    From related orgs
    $1,252,480
    Other
    $39,118
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $802,770 related
    Bonus
    $0 + $425,000 related
    Other
    $0 + $24,710 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $21,868 related
    Filer's total
    $0 + $1,291,598 related

  • William J Hybl

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rich Bender

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard Schlosberg

    TREASURER (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Susanne Lyons

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amanda Banta

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gene T Sykes

    USOPC BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 24 related

  • Carissa Gordon-Gump

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Kelleher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R Thayer Tutt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John A Maccoll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alejandro Lugo

    EVP/COO

    Total calculated
    $150,211
    From this org
    $136,555
    From related orgs
    $0
    Other
    $13,656
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $120,750
    Bonus
    $15,000
    Other
    $805
    Deferred
    $13,656
    Nontaxable benefits
    $0
    Filer's total
    $150,211

  • Dana Kuhlman

    EXEC. ADMIN./ASST. SECRETARY

    Total calculated
    $73,433
    From this org
    $66,767
    From related orgs
    $0
    Other
    $6,666
    Hours/week
    40

  • Karen Knapp

    EXEC. ADMIN./ASST. SECRETARY

    Total calculated
    $20,570
    From this org
    $18,700
    From related orgs
    $0
    Other
    $1,870
    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

  • 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 7
THE BOARD MADE NON-FIXED PAYMENTS TO OFFICERS EMPLOYED BY USOPE IN THE FORM OF DISCRETIONARY BONUSES.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543149349305479

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