Form 990 for tax year 2023
Filed by UNITED STATES SKI TEAM FOUNDATION.
Totals
- Total revenue
- $20,068,813
- Total expenses
- $20,067,629
- Contributions and grants received
- $20,091,489
- Grants paid
- $16,203,054
- Program service revenue
- $0
- Investment income
- $405,041
- Other revenue
- -$427,717
- Total assets, end of year
- $8,314,950
- Total liabilities, end of year
- $6,711,496
- Net assets or fund balances, end of year
- $1,603,454
- Program services expenses (Part IX)
- $17,704,881
- Management and general expenses
- $192,000
- Fundraising expenses
- $2,170,748
- Program service expenses (Part III)
- $17,704,881
Program services were 88.2% 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
$3,319,246
-
1d · Related organizations
$300,622
-
1f · All other contributions, gifts and grants
$16,471,621
-
1g · Noncash contributions included above
$3,135,655
-
3 · Investment income
total $382,405 · excluded $382,405
-
7a · Gross sales of assets other than inventory
securities $2,440,422
-
7b · Less cost or other basis and sales expenses
securities $2,417,786
-
7c · Gain or loss
securities $22,636
-
7d · Net gain or loss
total $22,636 · excluded $22,636
-
8a · Fundraising events: gross income
$174,375
-
8a · Fundraising events: contributions included on line 1c
$3,319,246
-
8b · Fundraising events: direct expenses
$602,092
-
8c · Net income from fundraising events
total -$427,717 · excluded -$427,717
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,487,468 · program services $15,487,468
-
2 · Grants to domestic individuals
total $715,586 · program services $715,586
-
5 · Compensation of officers, directors and key employees
total $631,044 · management and general $29,079 · fundraising $601,965
-
7 · Other salaries and wages
total $609,044 · management and general $25,758 · fundraising $583,286
-
8 · Pension plan contributions
total $8,390 · fundraising $8,390
-
9 · Other employee benefits
total $49,163 · management and general $5,663 · fundraising $43,500
-
10 · Payroll taxes
total $104,193 · fundraising $104,193
-
11c · Fees: accounting
total $5,959 · management and general $5,959
-
11g · Fees: other
total $331,724 · program services $150,160 · management and general $36,741 · fundraising $144,823
-
13 · Office expenses
total $288,424 · program services $24,802 · fundraising $263,622
-
14 · Information technology
total $15,080 · program services $41 · management and general $10,000 · fundraising $5,039
-
16 · Occupancy
total $55,000 · management and general $55,000
-
17 · Travel
total $409,640 · program services $77,124 · fundraising $332,516
-
19 · Conferences, conventions and meetings
total $29,737 · fundraising $29,737
-
22 · Depreciation, depletion and amortization
total $18,800 · management and general $18,800
-
23 · Insurance
total $5,000 · management and general $5,000
-
24a · Other expenses: Fulfillment
total $1,291,832 · program services $1,249,671 · fundraising $42,161
-
24b · Other expenses: Event Production
total $11,545 · program services $29 · fundraising $11,516
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,783,157 · end of year $6,687,648
-
3 · Pledges and grants receivable
beginning of year $495,000 · end of year $330,000
-
4 · Accounts receivable
beginning of year $234,500 · end of year $51,916
-
9 · Prepaid expenses and deferred charges
beginning of year $63,567 · end of year $94,565
-
10a · Land, buildings and equipment: cost or other basis
$185,816
-
10b · Land, buildings and equipment: accumulated depreciation
$185,816
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
end of year $67,318
-
15 · Other assets
beginning of year $39,509 · end of year $1,083,503
-
17 · Accounts payable and accrued expenses
beginning of year $240,803 · end of year $42,483
-
19 · Deferred revenue
beginning of year $3,490,624 · end of year $3,360,967
-
25 · Other liabilities
beginning of year $1,280,852 · end of year $3,308,046
-
27 · Net assets without donor restrictions
beginning of year $1,444,788 · end of year $1,444,788
-
28 · Net assets with donor restrictions
beginning of year $158,666 · end of year $158,666
Mission and programs · 2023
Mission
Operates for the benefit and support of world-class skiing and snowboarding, including coaching and training athletes in these sports.
Activities or mission (Part I)
Benefit and support world-class skiing and snowboarding, including coaching and training athletes.
-
United States Ski Team - to provide funding for the training, coaching, and competition costs of United States Ski and Snowboard Team athletes and development programs for athletes aspiring to make the United States Ski and Snowboard Teams.
Expenses $16,989,295 · Grants $15,487,468
-
Scholarship Program - a restricted donation was used to establish a scholarship fund for athletes. During the past year 126 scholarships were awarded.
Expenses $425,072 · Grants $425,072
-
Jeff Shiffrin Athlete Resiliency Fund - Need-based, direct-to-athlete stipends that help support all aspects of athletes' sports careers.
Expenses $227,000 · Grants $227,000
-
Flight Training Grant Program Provides grants to athletes that pursue pilot certificates and ratings.
Expenses $63,514 · Grants $63,514
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dune Thorne
President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Grady Durham
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Brad Harrington
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Alexandra Jennison
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Alan Airth
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Liz Arky
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Karen Arnold
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Arquit
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jon Auerbach
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Simon Bachleda
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Louis Bacon
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Joe Baratta
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Begor
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James Benedict
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William Bindley II
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bjorn Erik Borgen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Boyd
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Bucksbaum
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Samuel Byrne
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Cader
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Donna Carpenter
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
J Taylor Crandall
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Cumming
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Peter Curran MD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Davis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Wade Davis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Dekko
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Patrick Dempsey
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John de Neufville
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Dowley
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Spencer Eccles
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David Fitzgerald
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth Graham
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Mitchell Green
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Alan Gregory
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Phill Gross
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Diane Halvorsen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Heinz
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
David Henle
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sydney McNiff Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mike Kaplan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Charles Kirk Kellogg
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Forrest King-Shaw
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ron Kruszewski
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Anne Kubik
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Larned
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brian Leach
Trustee
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Karin Leschly MD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne Leviant
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Alexa Maddock
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Pamela Martin
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Walter McCormack
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Thomas McInerney
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Ryan McInerney
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
P Andrews McLane
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Peter Millett MD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kipp Nelson
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2.3 related
-
Dexter Paine
Trustee
- Total calculated
- $0
- Hours/week
- 4.3
-
Edan Park
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Paul
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Keith Pennell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Marc Philippon MD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Chuck Pieper
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Pierce
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Gary Pinkus
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Steven Read
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Eric Resnick
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Robert Reynolds
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Henri Rivers
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Duke Rohlen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Armins Rusis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Alice Ruth
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Steve Shafran
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 0.3 related
-
Julie Silcock
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Alison Spitzer
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Steven Strandberg
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Lee Styslinger
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Townsend
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Robert Trudeau
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Richard Tutino Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Charles Vieth
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dani Virtue
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Thomas Weisel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sophie Goldshcmidt
Chief Executive Officer
- Total calculated
- $961,903
- From this org
- $186,991
- From related orgs
- $747,966
- Other
- $26,946
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $113,191 + $452,766 related
- Bonus
- $73,800 + $295,200 related
- Other
- $0
- Deferred
- $2,407 + $9,627 related
- Nontaxable benefits
- $2,983 + $11,930 related
- Filer's total
- $192,381 + $769,523 related
-
Brooke McAffee
Chief Financial & Administrative Officer
- Total calculated
- $358,742
- From this org
- $52,542
- From related orgs
- $297,741
- Other
- $8,459
- Hours/week
- 6 + 34 related
Schedule J breakdown matched by us
- Base
- $42,406 + $240,302 related
- Bonus
- $10,136 + $57,439 related
- Other
- $0
- Deferred
- $1,269 + $7,190 related
- Nontaxable benefits
- $0
- Filer's total
- $53,811 + $304,931 related
-
Trisha Worthington
Chief Development Officer
- Total calculated
- $371,678
- From this org
- $333,679
- From related orgs
- $0
- Other
- $37,999
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $257,377
- Bonus
- $76,302
- Other
- $0
- Deferred
- $12,158
- Nontaxable benefits
- $25,840
- Filer's total
- $371,677
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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- All compensation is paid through a related party, the United States Ski Association. The Board of the United States Ski Association appoints a compensation committee, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer and key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed.
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
-
United States Ski Team Inc
$14,144,468
Athlete development
-
$1,343,000
Athlete Development
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.
-
501(c)(3) · Support Athletics · UT
-
501(c)(3) · Support Athletics · UT
Directly controlled by United States Ski Association
-
Center of Excellence Properties Fund
501(c)(3) · Support Athletics · UT
Directly controlled by United States Ski Association
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.
-
United States Ski Team Inc
C · Support Athletics · CO
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403589349300900
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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