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Nonprofiteer
← UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE

Form 990 for tax year 2022

Filed by UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE.

Totals

Total revenue
$357,286,557
Total expenses
$295,610,741
Contributions and grants received
$76,023,285
Grants paid
$117,874,157
Program service revenue
$129,961,426
Investment income
$3,801,501
Other revenue
$147,500,345
Total assets, end of year
$507,745,070
Total liabilities, end of year
$185,903,338
Net assets or fund balances, end of year
$321,841,732
Program services expenses (Part IX)
$264,294,663
Management and general expenses
$26,980,539
Fundraising expenses
$4,335,539
Program service expenses (Part III)
$264,294,663

Program services were 89.4% 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.

  • 1d · Related organizations

    $39,113,890

  • 1f · All other contributions, gifts and grants

    $36,909,395

  • 1g · Noncash contributions included above

    $3,168,386

  • 2a · Program service revenue: COMMUNITY GROWTH

    total $127,222,101 · related or exempt $126,105,463 · unrelated business $1,116,638

  • 2b · Program service revenue: ATHLETE EXCELLENCE

    total $1,439,501 · related or exempt $1,439,501

  • 2c · Program service revenue: SPORT ADVANCEMENT

    total $1,299,824 · related or exempt $1,299,824

  • 3 · Investment income

    total $3,834,163 · excluded $3,834,163

  • 5 · Royalties

    total $141,289,071 · excluded $141,289,071

  • 6a · Gross rents

    real property $335,096

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $335,096

  • 6d · Net rental income or loss

    total $335,096 · excluded $335,096

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

    other assets $32,662

  • 7c · Gain or loss

    other assets -$32,662

  • 7d · Net gain or loss

    total -$32,662 · excluded -$32,662

  • 11a · Other revenue: PROF SERVICE FEES

    total $5,403,824 · excluded $5,403,824

  • 11b · Other revenue: MISC OTHER REVENUE

    total $472,354 · excluded $472,354

  • 11e · Other revenue, total

    $5,876,178

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $71,414,187 · program services $71,414,187

  • 2 · Grants to domestic individuals

    total $39,319,360 · program services $39,319,360

  • 3 · Grants to foreign organizations and individuals

    total $7,140,610 · program services $7,140,610

  • 5 · Compensation of officers, directors and key employees

    total $3,070,233 · program services $212,006 · management and general $2,417,973 · fundraising $440,254

  • 7 · Other salaries and wages

    total $47,139,285 · program services $30,448,230 · management and general $13,327,203 · fundraising $3,363,852

  • 8 · Pension plan contributions

    total $2,129,882 · program services $799,133 · management and general $1,250,208 · fundraising $80,541

  • 9 · Other employee benefits

    total $4,083,138 · program services $3,033,140 · management and general $835,228 · fundraising $214,770

  • 10 · Payroll taxes

    total $3,296,824 · program services $2,073,148 · management and general $990,056 · fundraising $233,620

  • 11b · Fees: legal

    total $2,129,527 · program services $1,258,440 · management and general $871,087

  • 11c · Fees: accounting

    total $196,127 · management and general $196,127

  • 11d · Fees: lobbying

    total $129,944 · management and general $129,944

  • 11g · Fees: other

    total $14,591,823 · program services $10,080,616 · management and general $4,511,207

  • 12 · Advertising and promotion

    total $1,266,889 · program services $1,246,168 · management and general $20,721

  • 13 · Office expenses

    total $5,194,931 · program services $4,130,435 · management and general $1,061,994 · fundraising $2,502

  • 14 · Information technology

    total $6,101,132 · program services $1,279,082 · management and general $4,822,050

  • 16 · Occupancy

    total $8,517,270 · program services $5,185,232 · management and general $3,332,038

  • 17 · Travel

    total $19,861,261 · program services $19,150,364 · management and general $710,897

  • 19 · Conferences, conventions and meetings

    total $204,183 · program services $140,231 · management and general $63,952

  • 22 · Depreciation, depletion and amortization

    total $5,229,675 · program services $1,779,330 · management and general $3,450,345

  • 23 · Insurance

    total $4,167,131 · program services $180,722 · management and general $3,986,409

  • 24a · Other expenses: ANTI-DOPING & SAFESPORT

    total $22,202,488 · program services $22,202,488

  • 24b · Other expenses: OUTSIDE SERVICES

    total $7,945,839 · program services $4,169,502 · management and general $3,776,337

  • 24c · Other expenses: GAMES EXPENSE

    total $7,347,650 · program services $7,148,993 · management and general $198,657

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $2,975,047 · program services $413,153 · management and general $2,561,894

  • 24e · All other expenses

    total $9,956,305 · program services $31,490,093 · management and general -$21,533,788

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $268,284,989 · end of year $294,332,530

  • 3 · Pledges and grants receivable

    beginning of year $24,648,221 · end of year $30,005,693

  • 4 · Accounts receivable

    beginning of year $34,844,349 · end of year $20,591,450

  • 7 · Other notes and loans receivable

    beginning of year $6,150,000 · end of year $5,600,000

  • 8 · Inventories for sale or use

    beginning of year $571,640 · end of year $1,403,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,799,528 · end of year $10,945,093

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

    $183,205,999

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

    $129,154,695

  • 10c · Land, buildings and equipment, net

    beginning of year $54,103,131 · end of year $54,051,304

  • 11 · Investments: publicly traded securities

    beginning of year $84,264,378 · end of year $80,217,108

  • 12 · Investments: other securities

    beginning of year $3,747,412 · end of year $2,450,892

  • 13 · Investments: program-related

    beginning of year $996,834 · end of year $996,834

  • 15 · Other assets

    beginning of year $1,478,655 · end of year $7,150,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,446,596 · end of year $26,422,173

  • 19 · Deferred revenue

    beginning of year $27,088,811 · end of year $22,572,575

  • 23 · Secured mortgages and notes payable

    beginning of year $131,124,341 · end of year $131,326,359

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,582,231

  • 27 · Net assets without donor restrictions

    beginning of year $227,806,019 · end of year $290,774,967

  • 28 · Net assets with donor restrictions

    beginning of year $37,423,370 · end of year $31,066,765

Mission and programs · 2022

Mission

EMPOWER TEAM USA ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE EXCELLENCE AND WELL-BEING.

  • ATHLETE EXCELLENCE AND WELL-BEING - PROGRAMS DEDICATED TO HOLISTICALLY SERVING ELITE ATHLETES AS THEY ACHIEVE THEIR GREATEST POTENTIAL. IN ADDITION TO PROGRAMS FOCUSED ON ATHLETIC ACHIEVEMENT (ATHLETIC TRAINING CENTERS, SPORT SCIENCES AND DIRECT ATHLETE GRANTS), WE ALSO SUPPORT CRITICAL AREAS OF WELL-BEING, INCLUDING MENTAL AND PHYSICAL HEALTH, SAFETY, CAREER, EDUCATION, EARNING POTENTIAL, REPRESENTATION AND PERSONAL EXPRESSION THAT PLAY A VITAL ROLE IN ATHLETE EXCELLENCE.

    Expenses $182,623,847 · Grants $98,741,046 · Revenue $1,439,501

  • SPORT ADVANCEMENT - PROGRAMMING AND SUPPORTING SERVICES DEDICATED TO PROMOTING A CULTURE OF OPERATIONAL EXCELLENCE, INCLUSIVENESS, SAFETY AND FAIRNESS. THIS INCLUDES PROGRAMS THAT SUPPORT OUR NATIONAL GOVERNING BODIES, COACHING DEVELOPMENT, SAFE SPORT AND ANTI-DOPING CONTRIBUTIONS, AS WELL AS, DIVERSITY, EQUITY & INCLUSION PROGRAMMING, AND COLLEGIATE PARTNERSHIPS.

    Expenses $38,155,899 · Grants $3,602,099 · Revenue $1,299,824

  • COMMUNITY GROWTH - THE USOPC GROWS THE OLYMPIC AND PARALYMPIC MOVEMENTS AND SPORT PARTICIPATION THROUGH BROAD FAN, DONOR AND PARTNER ENGAGEMENT, SUPPORTING OUR COMMITMENT TO HAVING THE GREATEST POSSIBLE IMPACT ON CULTURE THROUGH SPORT.

    Expenses $30,908,501 · Grants $2,924,595 · Revenue $127,222,101

  • THE USOPC PROVIDES GRANTS TO THE USOPF TO COVER OPERATING ADMINISTRATIVE AND FUNDRAISING EXPENSES SO A HIGHER PERCENTAGE OF DONOR DOLLARS SUPPORT CORE PROGRAMS.

    Expenses $12,606,416 · Grants $12,606,416

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SARAH C HIRSHLAND

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,175,947
    From this org
    $1,140,343
    From related orgs
    $0
    Other
    $35,604
    Hours/week
    44 + 11 related

    Schedule J breakdown matched by us

    Base
    $695,633
    Bonus
    $422,500
    Other
    $22,210
    Deferred
    $15,250
    Nontaxable benefits
    $20,354
    Filer's total
    $1,175,947

  • SUSANNE D LYONS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    24

  • RICHARD BENDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CHERI BLAUWET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BETH BROOKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MUFFY DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DONNA DE VARONA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ANITA L DEFRANTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DAVID HAGGERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JAMES HIGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOHN NABER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • STEVEN M MESLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DEXTER PAINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DARIA SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • BRAD SNYDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • KEVIN M WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT L WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • GORDON CRAWFORD

    DIRECTOR (NON-VOTING)(THRU 09/2022)

    Total calculated
    $0
    Hours/week
    5

  • CHRISTOPHER D MCCLEARY

    GENERAL COUNSEL/COO/SEC.

    Total calculated
    $595,070
    From this org
    $553,828
    From related orgs
    $0
    Other
    $41,242
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $440,441
    Bonus
    $113,387
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $25,992
    Filer's total
    $595,070

  • MORANE B KEREK

    CFO/TREASURER

    Total calculated
    $434,951
    From this org
    $388,170
    From related orgs
    $0
    Other
    $46,781
    Hours/week
    52 + 3 related

    Schedule J breakdown matched by us

    Base
    $299,890
    Bonus
    $87,560
    Other
    $720
    Deferred
    $15,250
    Nontaxable benefits
    $31,531
    Filer's total
    $434,951

  • RICHARD W ADAMS

    CHIEF OF SPORT PERF./NGB (THRU 05/22)

    Total calculated
    $696,693
    From this org
    $686,160
    From related orgs
    $0
    Other
    $10,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,671
    Bonus
    $102,238
    Other
    $452,251
    Deferred
    $6,507
    Nontaxable benefits
    $4,026
    Filer's total
    $696,693

  • KEVIN E PENN

    CHIEF OF BUS. OPS (THRU 05/22)

    Total calculated
    $636,765
    From this org
    $619,710
    From related orgs
    $0
    Other
    $17,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,014
    Bonus
    $99,220
    Other
    $416,476
    Deferred
    $6,209
    Nontaxable benefits
    $10,846
    Filer's total
    $636,765

  • CHRISTINE V WALSHE

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $440,254
    From this org
    $424,679
    From related orgs
    $0
    Other
    $15,575
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $309,430
    Bonus
    $94,412
    Other
    $20,837
    Deferred
    $15,250
    Nontaxable benefits
    $325
    Filer's total
    $440,254

  • MARY KATHERINE BYNUM

    CHIEF OF STRATEGY & GROWTH OFFICER

    Total calculated
    $424,012
    From this org
    $400,217
    From related orgs
    $0
    Other
    $23,795
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $295,778
    Bonus
    $83,939
    Other
    $20,500
    Deferred
    $15,250
    Nontaxable benefits
    $8,545
    Filer's total
    $424,012

  • JONATHAN T FINNOFF

    CHIEF MEDICAL OFFICER

    Total calculated
    $533,018
    From this org
    $487,945
    From related orgs
    $0
    Other
    $45,073
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $376,083
    Bonus
    $110,933
    Other
    $929
    Deferred
    $15,250
    Nontaxable benefits
    $29,823
    Filer's total
    $533,018

  • PAUL H FLORENCE

    SVP, DEV. STRATEGY & OPERATIONS

    Total calculated
    $478,857
    From this org
    $327,166
    From related orgs
    $0
    Other
    $151,691
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $262,906
    Bonus
    $64,260
    Other
    $0
    Deferred
    $125,440
    Nontaxable benefits
    $26,251
    Filer's total
    $478,857

  • HOLLY R SHICK - CHIEF ETHICS

    COMPLIANCE OFFICER

    Total calculated
    $416,604
    From this org
    $392,541
    From related orgs
    $0
    Other
    $24,063
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $287,668
    Bonus
    $83,939
    Other
    $20,934
    Deferred
    $14,543
    Nontaxable benefits
    $9,520
    Filer's total
    $416,604

  • KATHLEEN C WALLACE

    ATHLETE OMBUDS

    Total calculated
    $408,455
    From this org
    $371,494
    From related orgs
    $0
    Other
    $36,961
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $286,268
    Bonus
    $83,968
    Other
    $1,258
    Deferred
    $14,659
    Nontaxable benefits
    $22,302
    Filer's total
    $408,455

  • WILLIAM F KIRWAN

    SVP, CHIEF OF OLYMPIC SPORT

    Total calculated
    $381,663
    From this org
    $339,690
    From related orgs
    $0
    Other
    $41,973
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $253,173
    Bonus
    $65,382
    Other
    $21,135
    Deferred
    $13,998
    Nontaxable benefits
    $27,975
    Filer's total
    $381,663

  • BAHATI D VANPELT

    FORMER CHIEF OF ATHLETE SERVICES

    Total calculated
    $398,839
    From this org
    $395,805
    From related orgs
    $0
    Other
    $3,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $33,430
    Bonus
    $94,405
    Other
    $267,970
    Deferred
    $1,514
    Nontaxable benefits
    $1,520
    Filer's total
    $398,839

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 · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this 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 1A
EXECUTIVE TRAVEL AND TRAVEL FOR COMPANIONS VICE PRESIDENTS AND ABOVE MAY FLY BUSINESS CLASS AT THEIR DISCRETION ON FLIGHTS WITH SEGMENTS OF FIVE HOURS OR MORE IN DURATION. THE USOPC DETERMINED THAT IT IS SOMETIMES BENEFICIAL FOR THE CEO AND BOARD MEMBERS TO HAVE GUESTS ACCOMPANY THEM TO PARTICULAR EVENTS, SUCH AS THE OLYMPIC AND PARALYMPIC GAMES. IN SUCH CASES, THOSE EXPENSES CAN BE PAID BY THE USOPC AND THE COSTS ASSOCIATED WITH THE GUESTS' TRAVEL ARE EVALUATED FOR BUSINESS PURPOSE. THOSE DETERMINED NOT TO BE NECESSARY BUSINESS EXPENSES ARE REPORTED TO THE CEO AND BOARD MEMBERS AS TAXABLE WAGES OR NON-EMPLOYEE COMPENSATION ON EITHER FORM W-2 OR 1099-MISC. IN 2022, THE USOPC HAD NO GUEST TRAVEL EXPENSE.
PART I, LINE 4A
SEVERANCE IN 2022, THE USOPC APPROVED THREE SEPARATION AGREEMENTS WHICH INCLUDED SEVERANCE PAYMENTS TO THE FOLLOWING INDIVIDUALS: ALL AMOUNTS ARE REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II COLUMN (B) (III) RICHARD ADAMS - CHIEF OF SPORT PERFORMANCE & NGB SERVICES - $424,306 KEVIN PENN CHIEF OF BUSINESS OPERATIONS - $374,349 PAUL FLORENCE - SENIOR VICE PRESIDENT DEVELOPMENT STRATEGY & OPERATIONS - $112,000 IN ADDITION, A SEVERANCE PAYMENT OF $244,313 WAS MADE TO BAHATI VANPELT IN 2022 FOR A SEPARATION AGREEMENT ANNOUNCED AND REPORTED IN 2021.
SCHEDULE J, PART I, LINES 5B & 7
THE COMPENSATION PRACTICE OF THE USOPC IS THAT BASE PAY PLUS AT-RISK BONUS IS THE TOTAL CASH SCHEDULE J. PART I, LINE 5B & 7 COMPENSATION FOR ALL REGULAR FULL-TIME AND PART-TIME POSITIONS. AT-RISK BONUS COMPENSATION IS CALCULATED BASED UPON ORGANIZATIONAL ACHIEVEMENT OF ANNUAL STRATEGIC PRIORITIES AND INDIVIDUAL GOAL ACHIEVEMENT DEPENDING ON THE EMPLOYEE'S ROLE. THE COMPENSATION COMMITTEE OF THE USOPC'S BOARD OF DIRECTORS DETERMINES THE ANNUAL ORGANIZATIONAL ACHIEVEMENT PERCENTAGE BY ASSESSING THE ORGANIZATION'S PERFORMANCE AGAINST THAT YEAR'S ANNUAL STRATEGIC PRIORITIES. TWO OF THOSE GOALS ARE MEETING THE BOARD APPROVED ANNUAL BUDGET AND A U.S. OLYMPIC & PARALYMPIC FOUNDATION FUNDRAISING GOAL.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • USOC HOSPITALITY SERVICOS COMERICO

    C · PROMOTE OLYMPICS · BR · 99% owned · share of income -$7,632 · share of assets $545,134

    Directly controlled by USOPC

Provenance

Return type
form_990
Tax year
2022
Filed
23 June 2023
IRS schema version
2022v5.0
Source object
202301749349300530

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