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Nonprofiteer
← USA SWIMMING INC

Form 990 for tax year 2024

Filed by USA SWIMMING INC.

Totals

Total revenue
$47,579,056
Total expenses
$43,880,051
Contributions and grants received
$7,706,715
Grants paid
$5,032,393
Program service revenue
$36,553,651
Investment income
$3,168,708
Other revenue
$149,982
Total assets, end of year
$50,715,376
Total liabilities, end of year
$24,059,884
Net assets or fund balances, end of year
$26,655,492
Program services expenses (Part IX)
$36,629,126
Management and general expenses
$6,975,925
Fundraising expenses
$275,000
Program service expenses (Part III)
$36,629,126

Program services were 83.5% 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.

  • 1c · Fundraising events

    $263,926

  • 1d · Related organizations

    $1,449,824

  • 1f · All other contributions, gifts and grants

    $5,992,965

  • 2a · Program service revenue: MEMBERSHIP INCOME

    total $24,308,598 · related or exempt $24,308,598

  • 2b · Program service revenue: EVENTS

    total $5,992,618 · related or exempt $5,992,618

  • 2c · Program service revenue: SPONSORS, SUPPLIES & LICENSEE

    total $3,796,435 · related or exempt $3,796,435

  • 2d · Program service revenue: RELATED AFFILIATE MANAGEMENT FEE & RENTAL INCOME

    total $850,000 · related or exempt $850,000

  • 2e · Program service revenue: SPONSORS-ADVERTISING

    total $1,606,000 · unrelated business $1,606,000

  • 3 · Investment income

    total $1,090,067 · excluded $1,090,067

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $350,553 · related or exempt $350,553

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $14,041,640

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

    securities $11,961,973 · other assets $1,026

  • 7c · Gain or loss

    securities $2,079,667 · other assets -$1,026

  • 7d · Net gain or loss

    total $2,078,641 · excluded $2,078,641

  • 8a · Fundraising events: gross income

    $189,000

  • 8a · Fundraising events: contributions included on line 1c

    $263,926

  • 8b · Fundraising events: direct expenses

    $561,311

  • 8c · Net income from fundraising events

    total -$372,311 · excluded -$372,311

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $171,740 · related or exempt $171,740

  • 11e · Other revenue, total

    $171,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $829,337 · program services $829,337

  • 2 · Grants to domestic individuals

    total $4,203,056 · program services $4,203,056

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,384,867 · program services $613,859 · management and general $1,771,008

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $8,808,643 · program services $6,766,016 · management and general $2,042,627

  • 8 · Pension plan contributions

    total $664,411 · program services $521,551 · management and general $142,860

  • 9 · Other employee benefits

    total $1,412,019 · program services $1,021,460 · management and general $390,559

  • 10 · Payroll taxes

    total $736,241 · program services $523,796 · management and general $212,445

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $581,133 · program services $229,398 · management and general $351,735

  • 11c · Fees: accounting

    total $58,060 · management and general $58,060

  • 11d · Fees: lobbying

    total $35,000 · program services $35,000

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $50,367 · management and general $50,367

  • 11g · Fees: other

    total $3,834,967 · program services $3,262,733 · management and general $297,234 · fundraising $275,000

  • 12 · Advertising and promotion

    total $300 · program services $300

  • 13 · Office expenses

    total $1,955,329 · program services $1,836,378 · management and general $118,951

  • 14 · Information technology

    total $1,106,435 · program services $597,564 · management and general $508,871

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,198,074 · program services $1,092,522 · management and general $105,552

  • 17 · Travel

    total $5,669,067 · program services $5,250,266 · management and general $418,801

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $50 · management and general $50

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,711,715 · program services $1,665,543 · management and general $46,172

  • 23 · Insurance

    total $4,045,822 · program services $3,704,851 · management and general $340,971

  • 24a · Other expenses: TV VIDEO PRODUCTION

    total $970,979 · program services $970,415 · management and general $564

  • 24b · Other expenses: GEAR, EQUIP, APPAREL, SIGN.

    total $1,708,131 · program services $1,701,218 · management and general $6,913

  • 24c · Other expenses: DUES, FEES & SUBSCRIPTIONS

    total $1,429,045 · program services $1,347,708 · management and general $81,337

  • 24d · Other expenses: AWARDS & PROTOCOL GIFTS

    total $487,003 · program services $456,155 · management and general $30,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,816,799 · end of year $9,369,780

  • 2 · Savings and temporary cash investments

    beginning of year $8,357 · end of year $8,537

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,809,053 · end of year $3,949,647

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,880,196 · end of year $5,231,703

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

    $14,425,433

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

    $11,878,753

  • 10c · Land, buildings and equipment, net

    beginning of year $3,744,596 · end of year $2,546,680

  • 11 · Investments: publicly traded securities

    beginning of year $27,057,238 · end of year $29,430,169

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $699,362 · end of year $178,860

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,125,455 · end of year $5,683,005

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $20,169,685 · end of year $17,797,745

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $626,502 · end of year $579,134

  • 27 · Net assets without donor restrictions

    beginning of year $23,093,959 · end of year $26,655,492

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

USA SWIMMING PROVIDES PROGRAMS AND SERVICES FOR OUR MEMBERS,SUPPORTERS, AFFILIATES, AND THE INTERESTED PUBLIC. WE VALUE THESE MEMBERS OF THE SWIMMING COMMUNITY, AND THE STAFF AND VOLUNTEERS WHO SERVE THEM.

Activities or mission (Part I)

NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. WE ADMINISTER COMPETITIVE SWIMMING IN ACCORDANCE WITH THE TED STEVENS OLYMPIC & AMATEUR SPORTS ACT.

  • National Team: At the 2024 Paris Olympic Games USA Swimming won 28 medals including eight gold, 13 silver, and seven bronze. This led the medal table in both total and gold medals. The 2024 Olympic team also set two Olympic records, three American records, and three world records. In addition to the Olympic Games USA Swimming supported teams at three other international competitions - the 2024 World Aquatics Championships (Doha, February), the 2024 Junior Pan Pacific Championships (Canberra, Australia; August), and the 2024 World Aquatics Swimming Championships (25m) (Budapest, Hungary; December). USA Swimming captured the medal table and gold medal table at all three events setting numerous world, American, and championship records in the process. In total, over 100 athletes had the opportunity to represent the United States in international competition in 2024, providing valuable experience across our competitive system.

    Expenses $11,916,125 · Grants $172,000

  • Commercial: Business Intelligence and Digital Platforms: 2024 featured tremendous growth of the USA Swimming Network. The Network is now available on all connected televisions, mobile devices, and desktops. Fueled by three new content creators, dozens of new original content playlists, and the implementation of live streaming, the Network saw a 400%+ increase in downloads and active users compared to 2023. Communications: Media relations centered around numerous domestic and international competitions, focusing on strong internal communications to our stakeholders and more than 380,000 members. Thanks to enhancements in our automated communications, the organization increased automated email sends and campaigns, vastly expanding our personalized member communication touchpoints. The team also published one printed editorial, Splash Magazine, for every USA Swimming member household. Partnerships: 2024 was a successful year for the Partnerships Team, with three new partners signing on board: P&G, Fluidra, and Cirkul. The 2024 U.S. Olympic Team Trials - Swimming presented by Lilly allowed for enhanced and creative hospitality experiences, such as the Dive Bar presented by Bulleit Frontier Whiskey, USA Swimming House presented by OneAmerica Financial, and daily behind-the-scenes tours. The Partnerships Team also executed an outstanding public fan engagement space at the Trials, with the Toyota Aqua Zone welcoming 117,500 engagements over nine days to unique brand activations. Creative & Productions: The Productions team created multiple video projects, including long-form video series, multi-installment short-form videos, and social media-specific video content. The team continued providing hands-on support for livestream, USA Swimming Network, and NBC broadcast events. The Creative team continued to build robust style guides, collateral, and visual identities for events, LSCs, marketing campaigns, and live event activations, highlighted by a complete creative overhaul of Lucas Oil Stadium, the Indiana Convention Center, and the city of Indianapolis to support the 2024 U.S. Olympic Team Trials - Swimming, presented by Lilly.

    Expenses $6,501,122 · Revenue $6,252,435

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $3,981,574 · Revenue $5,992,618

  • risk management

    Expenses $4,045,662

  • sport development

    Expenses $10,184,643 · Grants $4,860,393 · Revenue $23,224,891

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Timothy Hinchey

    President & CEO (TO 08/2024)

    Total calculated
    $1,051,489
    From this org
    $981,472
    From related orgs
    $0
    Other
    $70,017
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $575,241
    Bonus
    not reported
    Other
    $406,231
    Deferred
    $20,700
    Nontaxable benefits
    $49,317
    Filer's total
    $1,051,489

  • Shana Ferguson CCO to 72024

    Interim CEO& COO from 8/2024

    Total calculated
    $477,650
    From this org
    $406,947
    From related orgs
    $0
    Other
    $70,703
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $298,947
    Bonus
    $108,000
    Other
    not reported
    Deferred
    $34,500
    Nontaxable benefits
    $36,203
    Filer's total
    $477,650

  • Lindsay Mintenko

    National Team (TO 09/2024)

    Total calculated
    $432,699
    From this org
    $368,473
    From related orgs
    $0
    Other
    $64,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,973
    Bonus
    not reported
    Other
    $139,500
    Deferred
    $23,365
    Nontaxable benefits
    $40,861
    Filer's total
    $432,699

  • Eric Skufca

    Chief Financial Officer

    Total calculated
    $401,204
    From this org
    $323,991
    From related orgs
    $0
    Other
    $77,213
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $257,741
    Bonus
    $66,250
    Other
    not reported
    Deferred
    $33,125
    Nontaxable benefits
    $44,088
    Filer's total
    $401,204

  • Joel Shinofield

    Sport Development

    Total calculated
    $398,263
    From this org
    $302,531
    From related orgs
    $0
    Other
    $95,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,531
    Bonus
    $52,000
    Other
    not reported
    Deferred
    $31,200
    Nontaxable benefits
    $64,532
    Filer's total
    $398,263

  • Michelle Steinfeld

    Secretary & General Counsel

    Total calculated
    $366,409
    From this org
    $306,198
    From related orgs
    $0
    Other
    $60,211
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,948
    Bonus
    $61,250
    Other
    not reported
    Deferred
    $30,625
    Nontaxable benefits
    $29,586
    Filer's total
    $366,409

  • Jacob Grosser

    Marketing & Communications

    Total calculated
    $263,581
    From this org
    $210,049
    From related orgs
    $0
    Other
    $53,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,049
    Bonus
    $50,000
    Other
    not reported
    Deferred
    $21,731
    Nontaxable benefits
    $31,801
    Filer's total
    $263,581

  • Elaine Calip

    Executive Director, Foundation

    Total calculated
    $241,704
    From this org
    $198,045
    From related orgs
    $0
    Other
    $43,659
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,045
    Bonus
    $36,000
    Other
    not reported
    Deferred
    $15,733
    Nontaxable benefits
    $27,926
    Filer's total
    $241,704

  • Matthew Lupton

    Creative & Productions

    Total calculated
    $215,636
    From this org
    $164,959
    From related orgs
    $0
    Other
    $50,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,166
    Bonus
    $15,793
    Other
    not reported
    Deferred
    $17,372
    Nontaxable benefits
    $33,305
    Filer's total
    $215,636

  • Nicolas Fink

    DIRECTOR (FROM 09/2024)

    Total calculated
    $56,700
    From this org
    $56,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bruce Gemmell

    Director

    Total calculated
    $21,214
    From this org
    $21,214
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ashley Twichell Wall

    Director (TO 09/2024)

    Total calculated
    $9,200
    From this org
    $9,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Catherine Meili

    DIRECTOR (TO 09/2024)

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Christopher Brearton

    board chair

    Total calculated
    $0
    Hours/week
    32

  • Kenneth Chung

    vice chair fiscal oversight

    Total calculated
    $0
    Hours/week
    16

  • Natalie Coughlin-Hall

    board vice chair

    Total calculated
    $0
    Hours/week
    16

  • Katherine Arris-Wilson

    Director

    Total calculated
    $0
    Hours/week
    8

  • Anthony Ervin

    Director (TO 09/2024)

    Total calculated
    $0
    Hours/week
    8

  • Maya Dirado Andrews

    Director

    Total calculated
    $0
    Hours/week
    8

  • Kathleen Fish

    Director

    Total calculated
    $0
    Hours/week
    8

  • Clark Hammond

    Director

    Total calculated
    $0
    Hours/week
    8

  • Ira Klein

    Director

    Total calculated
    $0
    Hours/week
    8

  • Kathleen Prindle

    Director

    Total calculated
    $0
    Hours/week
    8

  • Sabir Muhammad

    Director

    Total calculated
    $0
    Hours/week
    8

  • Robert Vincent

    Director

    Total calculated
    $0
    Hours/week
    8

  • Frank Busch

    DIRECTOR (FROM 09/2024)

    Total calculated
    $0
    Hours/week
    8

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 · 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
  • 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
  • 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 4a:
THE FOLLOWING EMPLOYEE-OFFICERS RECEIVED SEVERANCE PAYMENTS: Timothy Hinchey, President & CEO, received a $400,000 severance payment in 2024, and as part of the severance agreement, is receiving a second installment payment in 2025. Lindsay Mintenko, National team director, received a one-time severance payment of $139,500 in 2024.
schedule j, PART I, LINE 7:
PERFORMANCE BASED COMPENSATION IS PAID TO KEY EMPLOYEES PURSUANT TO THE EMPLOYMENT PRACTICES OF THE ORGANIZATION. THIS COMPENSATION IS NOT BASED ON PERFORMANCE OF THE ORGANIZATION, BUT INSTEAD IS BASED ON INDIVIDUAL PERFORMANCE OF EACH EMPLOYEE.

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
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202523049349302552

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

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