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Nonprofiteer
← USA SWIMMING FOUNDATION

Form 990 for tax year 2022

Filed by USA SWIMMING FOUNDATION.

Totals

Total revenue
$3,461,390
Total expenses
$3,771,278
Contributions and grants received
$2,218,101
Grants paid
$2,393,305
Program service revenue
$619,805
Investment income
$494,729
Other revenue
$128,755
Total assets, end of year
$19,829,085
Total liabilities, end of year
$133,929
Net assets or fund balances, end of year
$19,695,156
Program services expenses (Part IX)
$2,957,110
Management and general expenses
$433,494
Fundraising expenses
$380,674
Program service expenses (Part III)
$2,957,110

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TIMOTHY HINCHEY

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $973,463
    From this org
    $0
    From related orgs
    $910,568
    Other
    $62,895
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $665,318 related
    Bonus
    not reported + $236,250 related
    Other
    not reported + $9,000 related
    Deferred
    not reported + $30,500 related
    Nontaxable benefits
    not reported + $32,395 related
    Filer's total
    not reported + $973,463 related

  • ERIC SKUFCA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $343,605
    From this org
    $0
    From related orgs
    $284,888
    Other
    $58,717
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $226,544 related
    Bonus
    not reported + $58,344 related
    Other
    not reported
    Deferred
    not reported + $29,172 related
    Nontaxable benefits
    not reported + $29,545 related
    Filer's total
    not reported + $343,605 related

  • CULLEN JONES

    DIRECTOR

    Total calculated
    $33,500
    From this org
    $33,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JEFF MOXIE

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • DAVID SHACKLEY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • ANNE BERRY

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DAVID WIEDERECHT

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • ALEX BLAVATNIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JILL BORNSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CYNTHIA EUBANKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CECIL GORDON

    DIRECTOR (TO 06/2022)

    Total calculated
    $0
    Hours/week
    4

  • JORDAN KAPLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BILL MAXSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ELIZABETH BEISEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAWSON HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JAY DEFINIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GREG PINCHBECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JON KOSSOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TIM BUCKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TOM LUCHSINGER

    DIRECTOR (FROM 04/2022)

    Total calculated
    $0
    Hours/week
    4

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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

SCHEDULE J, PART I, LINE 3:
the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process.
SCHEDULE J, PART I, LINE 7:
PERFORMANCE BASED COMPENSATION IS PAID TO KEY EMPLOYEES PURSUANT TO THE EMPLOYMENT PRACTICES OF THE FOUNDATION. THIS COMPENSATION IS NOT BASED ON PERFORMANCE OF THE FOUNDATION, BUT INSTEAD IS BASED ON INDIVIDUAL PERFORMANCE OF EACH EMPLOYEE.
SCHEDULE J, PART I, LINE 1-3, PART II
USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR MANAGEMENT services. THE FOLLOWING INDIVIDUALS SERVED THE FDN DURING THE 2022 CALENDAR YEAR AS OFFICERS, WITHIN A CONTRACTED SERVICE ARRANGEMENT: TIMOTHY HINCHEY, CEO. cfo, eric skufca, served the foundation under a common paymaster arrangemenT BETWEEN USAs AND THE FDN; THE FDN WAS CHARGED FOR THE TIME COST OF ACCOUNTING, FINANCE, communications, creative, and human resource STAFF. SIMILAR TO PRIOR YEARS, USAs CONTRIBUTED BACK TO THE FDN THE TIME COST OF THese STAFF, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS) CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303139349303630

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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