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Nonprofiteer
← USA SWIMMING INC

Form 990 for tax year 2022

Filed by USA SWIMMING INC.

Totals

Total revenue
$37,314,499
Total expenses
$47,502,664
Contributions and grants received
$8,012,805
Grants paid
$3,592,724
Program service revenue
$27,790,555
Investment income
$1,714,814
Other revenue
-$203,675
Total assets, end of year
$48,102,031
Total liabilities, end of year
$26,518,258
Net assets or fund balances, end of year
$21,583,773
Program services expenses (Part IX)
$32,283,758
Management and general expenses
$15,218,906
Fundraising expenses
$0
Program service expenses (Part III)
$32,283,758

Program services were 68.0% 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.

  • 1c · Fundraising events

    $494,832

  • 1d · Related organizations

    $1,483,150

  • 1f · All other contributions, gifts and grants

    $6,034,823

  • 1g · Noncash contributions included above

    $693,409

  • 2a · Program service revenue: MEMBERSHIP INCOME

    total $23,234,255 · related or exempt $23,234,255

  • 2b · Program service revenue: EVENTS

    total $744,462 · related or exempt $744,462

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

    total $1,926,838 · related or exempt $1,926,838

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

    total $270,000 · related or exempt $270,000

  • 2e · Program service revenue: SPONSORS-ADVERTISING

    total $1,615,000 · unrelated business $1,615,000

  • 3 · Investment income

    total $1,196,621 · excluded $1,196,621

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

    total $0

  • 5 · Royalties

    total $134,025 · related or exempt $134,025

  • 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 $36,893,124 · other assets $0

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

    securities $36,278,894 · other assets $96,037

  • 7c · Gain or loss

    securities $614,230 · other assets -$96,037

  • 7d · Net gain or loss

    total $518,193 · excluded $518,193

  • 8a · Fundraising events: gross income

    $329,228

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

    $494,832

  • 8b · Fundraising events: direct expenses

    $852,146

  • 8c · Net income from fundraising events

    total -$522,918 · excluded -$522,918

  • 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 $185,218 · related or exempt $185,218

  • 11e · Other revenue, total

    $185,218

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $801,825 · program services $801,825

  • 2 · Grants to domestic individuals

    total $2,790,899 · program services $2,790,899

  • 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 $2,370,610 · program services $1,593,175 · management and general $777,435

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,782,873 · program services $4,509,227 · management and general $2,273,646

  • 8 · Pension plan contributions

    total $493,405 · program services $358,373 · management and general $135,032

  • 9 · Other employee benefits

    total $1,125,684 · program services $830,446 · management and general $295,238

  • 10 · Payroll taxes

    total $578,884 · program services $428,712 · management and general $150,172

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $6,146,656 · program services $42,818 · management and general $6,103,838

  • 11c · Fees: accounting

    total $30,950 · management and general $30,950

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $93,373 · management and general $93,373

  • 11g · Fees: other

    total $4,689,508 · program services $4,072,976 · management and general $616,532

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,339,314 · program services $1,285,908 · management and general $53,406

  • 14 · Information technology

    total $1,020,406 · program services $402,393 · management and general $618,013

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $790,182 · program services $680,207 · management and general $109,975

  • 17 · Travel

    total $4,865,992 · program services $4,472,616 · management and general $393,376

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $10,000 · program services $10,000

  • 20 · Interest

    total $109,496 · management and general $109,496

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,644,173 · program services $1,530,437 · management and general $113,736

  • 23 · Insurance

    total $6,895,284 · program services $3,695,284 · management and general $3,200,000

  • 24a · Other expenses: TV & VIDEO PRODUCTION

    total $1,569,658 · program services $1,564,156 · management and general $5,502

  • 24b · Other expenses: DUES, FEES, SUBSCRIPTIONS

    total $1,260,074 · program services $1,153,456 · management and general $106,618

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

    total $1,352,570 · program services $1,338,602 · management and general $13,968

  • 24d · Other expenses: AWARDS & PROTOCOL GIFTS

    total $532,652 · program services $514,133 · management and general $18,519

  • 24e · All other expenses

    total $208,196 · program services $208,115 · management and general $81

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,708,225 · end of year $4,818,771

  • 2 · Savings and temporary cash investments

    beginning of year $2,272,488 · end of year $8,281

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,505,382 · end of year $2,742,717

  • 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 $6,204,617 · end of year $6,055,516

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

    $13,185,834

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

    $8,931,252

  • 10c · Land, buildings and equipment, net

    beginning of year $3,877,114 · end of year $4,254,582

  • 11 · Investments: publicly traded securities

    beginning of year $40,770,870 · end of year $30,021,825

  • 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 $265,526 · end of year $200,339

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,721,004 · end of year $8,262,224

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $15,051,242 · end of year $16,569,556

  • 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 $1,821,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $760,898 · end of year $686,478

  • 27 · Net assets without donor restrictions

    beginning of year $39,250,078 · end of year $21,583,773

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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. continued on sch o.

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: The United States embarked on a record-setting, 45-medal performance (17 of which were gold) at the 2022 FINA World Championships in Budapest, Hungary. The total medal count engulfed the competition and set a record for the most medals in the swimming pool in competition history. The U.S. captured "Team of the Meet" honors after its 46-medal showing at the 2022 Junior Pan Pacific Championships, 19 of them gold.

    Expenses $8,394,345 · Grants $801,825

  • Commercial: Creative & Productions: Video production continued in earnest for swimming-specific and sponsor-related custom content series, as well as broadcasts of national-level meets on both usaswimming.org and NBC platforms. Identity, event, and organizational design work supported all critical marketing, partner, and branding efforts from international events to grassroots initiatives. Continued, see Schedule O.

    Expenses $5,040,413 · Revenue $2,516,076

  • Events: In 2022, USA Swimming hosted multiple major events across many levels of the sport, highlighted by the April Phillips 66 International Team Trials in Greensboro, NC, the July Phillips 66 National Championships in Irvine, CA, the FINA Swimming World Cup in Indianapolis, IN and the Toyota U.S. Open Championships both held in November. continued, see schedule o.

    Expenses $6,338,698 · Revenue $744,462

  • risk management

    Expenses $3,699,356

  • sport development

    Expenses $8,810,946 · Grants $2,790,899 · Revenue $23,234,255

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

Listed in Part VII

  • Timothy Hinchey

    President & CEO

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

    Schedule J breakdown matched by us

    Base
    $665,318
    Bonus
    $236,250
    Other
    $9,000
    Deferred
    $30,500
    Nontaxable benefits
    $32,395
    Filer's total
    $973,463

  • Katie McRoberts

    Chief Administrative Officer

    Total calculated
    $400,626
    From this org
    $359,948
    From related orgs
    $0
    Other
    $40,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,948
    Bonus
    $60,000
    Other
    not reported
    Deferred
    $30,500
    Nontaxable benefits
    $10,178
    Filer's total
    $400,626

  • Lindsay Mintenko

    National Team

    Total calculated
    $346,878
    From this org
    $293,927
    From related orgs
    $0
    Other
    $52,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,762
    Bonus
    $60,165
    Other
    not reported
    Deferred
    $30,083
    Nontaxable benefits
    $22,868
    Filer's total
    $346,878

  • Shana Ferguson

    Chief Commercial Officer

    Total calculated
    $346,710
    From this org
    $296,402
    From related orgs
    $0
    Other
    $50,308
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,402
    Bonus
    $50,000
    Other
    not reported
    Deferred
    $30,000
    Nontaxable benefits
    $20,308
    Filer's total
    $346,710

  • Joel Shinofield

    Sport Development

    Total calculated
    $343,606
    From this org
    $282,938
    From related orgs
    $0
    Other
    $60,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,594
    Bonus
    $58,344
    Other
    not reported
    Deferred
    $29,172
    Nontaxable benefits
    $31,496
    Filer's total
    $343,606

  • Eric Skufca

    Chief Financial Officer

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

    Schedule J breakdown matched by us

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

  • Michelle Steinfeld

    Secretary & General Counsel

    Total calculated
    $284,776
    From this org
    $265,688
    From related orgs
    $0
    Other
    $19,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,398
    Bonus
    $44,290
    Other
    not reported
    Deferred
    $8,910
    Nontaxable benefits
    $10,178
    Filer's total
    $284,776

  • Michael Meadows

    Sport Development

    Total calculated
    $206,778
    From this org
    $180,402
    From related orgs
    $0
    Other
    $26,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,402
    Bonus
    $24,000
    Other
    not reported
    Deferred
    $6,068
    Nontaxable benefits
    $20,308
    Filer's total
    $206,778

  • Matthew Lupton

    Commerical

    Total calculated
    $199,376
    From this org
    $151,921
    From related orgs
    $0
    Other
    $47,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,321
    Bonus
    $14,600
    Other
    not reported
    Deferred
    $16,060
    Nontaxable benefits
    $31,395
    Filer's total
    $199,376

  • Mariejo Truex

    Sport Development

    Total calculated
    $195,283
    From this org
    $152,164
    From related orgs
    $0
    Other
    $43,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,901
    Bonus
    $21,263
    Other
    not reported
    Deferred
    $16,301
    Nontaxable benefits
    $26,818
    Filer's total
    $195,283

  • Bruce Gemmell

    Director

    Total calculated
    $21,430
    From this org
    $21,430
    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

  • Kathleen Fish

    board vice chair

    Total calculated
    $0
    Hours/week
    16

  • Katy Arris-Wilson

    Director (from 9/2022)

    Total calculated
    $0
    Hours/week
    8

  • Anthony Ervin

    Director

    Total calculated
    $0
    Hours/week
    8

  • Maya Dirado Andrews

    Director

    Total calculated
    $0
    Hours/week
    8

  • Jennifer Gibson

    Director (to 9/2022)

    Total calculated
    $0
    Hours/week
    8

  • Natalie Coughlin-Hall

    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

  • Katie Meili

    Director

    Total calculated
    $0
    Hours/week
    8

  • Kathleen Prindle

    Director

    Total calculated
    $0
    Hours/week
    8

  • William Schalz

    Director

    Total calculated
    $0
    Hours/week
    8

  • Robert Vincent

    Director

    Total calculated
    $0
    Hours/week
    8

  • Ashley Twichell Wall

    Director

    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
  • 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 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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SWIM TRIALS LLC

    EXEMPT FUNCTION · OLYMPIC TRIALS · CO · 50% owned · share of income -$10,825 · share of assets $505,898

    Directly controlled by USA SWIMMING

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333139349303528

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