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Nonprofiteer
← T20 WORLD CUP USA INC

Form 990 for tax year 2024

Filed by T20 WORLD CUP USA INC.

Totals

Total revenue
$82,308,251
Total expenses
$99,830,816
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$80,034,893
Investment income
$48,631
Other revenue
$2,224,727
Total assets, end of year
$8,771,941
Total liabilities, end of year
$26,603,026
Net assets or fund balances, end of year
-$17,831,085
Program services expenses (Part IX)
$90,868,415
Management and general expenses
$8,962,401
Fundraising expenses
$0
Program service expenses (Part III)
$90,868,415

Program services were 91.0% 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.

  • 2a · Program service revenue: ICC EVENT REVENUE

    total $61,014,893 · related or exempt $61,014,893

  • 2b · Program service revenue: ICC HOSTING FEE

    total $19,020,000 · related or exempt $19,020,000

  • 3 · Investment income

    total $48,631 · excluded $48,631

  • 11a · Other revenue: INSURANCE SETTLEMENTS

    total $1,868,634 · excluded $1,868,634

  • 11b · Other revenue: OTHER REVENUE

    total $356,093 · related or exempt $356,093

  • 11e · Other revenue, total

    $2,224,727

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $153,290 · program services $153,290

  • 7 · Other salaries and wages

    total $30,622 · program services $30,622

  • 10 · Payroll taxes

    total $14,693 · program services $14,693

  • 11b · Fees: legal

    total $1,055,995 · management and general $1,055,995

  • 11c · Fees: accounting

    total $224,797 · management and general $224,797

  • 11g · Fees: other

    total $2,791,047 · program services $2,791,047

  • 12 · Advertising and promotion

    total $7,098,472 · program services $122,500 · management and general $6,975,972

  • 13 · Office expenses

    total $84,340 · program services $74,515 · management and general $9,825

  • 14 · Information technology

    total $97,198 · program services $97,198

  • 17 · Travel

    total $1,670,515 · program services $1,670,515

  • 20 · Interest

    total $695,812 · management and general $695,812

  • 23 · Insurance

    total $3,199,405 · program services $3,199,405

  • 24a · Other expenses: PREMISES AND STADIUM IN

    total $32,362,176 · program services $32,362,176

  • 24b · Other expenses: STADIUM SEATINGS AND OT

    total $21,111,684 · program services $21,111,684

  • 24c · Other expenses: VENUE OPERATIONS

    total $7,416,146 · program services $7,416,146

  • 24d · Other expenses: CORPORATE HOSPITALITY

    total $6,348,614 · program services $6,348,614

  • 24e · All other expenses

    total $15,476,010 · program services $15,476,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,085,290 · end of year $155,720

  • 4 · Accounts receivable

    beginning of year $670,000 · end of year $741,046

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,026,759 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $7,875,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,569 · end of year $4,603,026

  • 25 · Other liabilities

    beginning of year $9,000,000 · end of year $22,000,000

  • 27 · Net assets without donor restrictions

    beginning of year -$308,520 · end of year -$17,831,085

Mission and programs · 2024

Mission

TO SERVE AS HOST FOR CRICKET MATCHES, QUALIFIERS, AND COMPETITIONS IN THE AMERICAS REGION.

  • THE ORGANIZATION WILL UNDERTAKE THE HOSTING OF CRICKET MATCHES IN THE UNITED STATES IN CONNECTION WITH THE 2024 ICC MEN'S T20 WORLD CUP. AS THE US HOSTING ENTITY, THE ORGANIZATION'S SOLE ACTIVITY IS TO STAGE THE WORLD CUP AND RELATED FUNCTIONS, SUCH AS, FOR EXAMPLE, CEREMONIES, DINNERS, PRESS EVENTS, DEVELOPMENT CLINICS AND SOCIAL IMPACT ACTIVITIES.

    Expenses $90,868,415 · Revenue $80,390,986

As filed on the 2024 return.

Listed in Part VII

  • Peter Hutton

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catherine Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sunil Gulati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brett Jones

    CEO

    Total calculated
    $153,290
    From this org
    $153,290
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,290
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,290

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

  • 1a · Discretionary spending account
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349306572

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