Totals
- Total revenue
- $3,342,966
- Total expenses
- $1,787,536
- Contributions and grants received
- $3,325,743
- Grants paid
- $1,104,174
- Program service revenue
- $0
- Investment income
- $17,223
- Other revenue
- $0
- Total assets, end of year
- $3,146,764
- Total liabilities, end of year
- $293,874
- Net assets or fund balances, end of year
- $2,852,890
- Program services expenses (Part IX)
- $1,324,013
- Management and general expenses
- $463,523
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,324,013
Program services were 74.1% 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
$92,000
-
1f · All other contributions, gifts and grants
$3,233,743
-
1g · Noncash contributions included above
$32,817
-
3 · Investment income
total $17,223 · excluded $17,223
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
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
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $969,123 · program services $969,123
-
2 · Grants to domestic individuals
total $135,051 · program services $135,051
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $185,425 · program services $1,550 · management and general $183,875
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $58,281 · program services $10,036 · management and general $48,245
-
12 · Advertising and promotion
total $42,788 · program services $1,586 · management and general $41,202
-
13 · Office expenses
total $62,226 · program services $20,633 · management and general $41,593
-
14 · Information technology
total $8,219 · program services $0 · management and general $8,219
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $271,592 · program services $165,403 · management and general $106,189
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,262 · program services $0 · management and general $2,262
-
23 · Insurance
total $4,391 · program services $0 · management and general $4,391
-
24a · Other expenses: ATHLETE AWARDS
total $26,261 · program services $784 · management and general $25,477
-
24b · Other expenses: RENTAL EQUIPMENT
total $14,809 · program services $14,409 · management and general $400
-
24c · Other expenses: PRODUCTION COSTS
total $5,438 · program services $5,438 · management and general $0
-
24d · Other expenses: FEES
total $1,671 · program services $0 · management and general $1,670
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $705,196 · end of year $1,128,156
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $704,426 · end of year $1,363,263
-
4 · Accounts receivable
beginning of year $69,203 · end of year $0
-
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 $6,162 · end of year $3,251
-
10a · Land, buildings and equipment: cost or other basis
$11,297
-
10b · Land, buildings and equipment: accumulated depreciation
$11,222
-
10c · Land, buildings and equipment, net
beginning of year $2,337 · end of year $75
-
11 · Investments: publicly traded securities
beginning of year $124,369 · end of year $652,019
-
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 $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $40,450 · end of year $48,221
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $53,775 · end of year $36,392
-
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 $159,500 · end of year $156,152
-
25 · Other liabilities
beginning of year $60,508 · end of year $53,109
-
27 · Net assets without donor restrictions
beginning of year -$100,703 · end of year -$15,165
-
28 · Net assets with donor restrictions
beginning of year $1,398,163 · end of year $2,868,055
Mission and programs · 2023
Mission
THE MISSION OF THE USA TRIATHLON FOUNDATION IS TO SUPPORT AND PROMOTE TRIATHLON, AND OPEN PATHWAYS TO TRIATHLON TO THOSE WHOM IT MIGHT NOT OTHERWISE BE POSSIBLE. (CONTINUED ON SCH O)
Activities or mission (Part I)
The mission of the USA Triathlon Foundation is to support and promote triathlon, and open pathways Continued in Schedule O
-
USA Triathlon Foundation believes every aspiring elite athlete should get their shot at racing on the world stage and feeling the weights of an Olympic or Paralympic medal around their neck. Unlike most of our competing nations, U.S. Olympic sport organizations and their athletes do not receive any government funding. Support is more important than ever as governments around the world are increasing their financial commitment for our top competitors. Ignite Olympic and Paralympic Dreams program provides elite athletes and paratriathletes with support and opportunity to realize their potential and represent the United States on the world stage.(Cont'd Sch O)
Expenses $396,805 · Grants $396,805
-
USA Triathlon Foundation believes every child should have the opportunity to be active and experience the joys of swim-bike-run. Encourage Youth Participation program helps us build connections across the country between schools, clubs, coaches, and race directors to offer training opportunities, equipment and resources, and to create the next generation of multisport athletes and leaders. The Empower NCAA Women's Triathlon program provides the ability for young women to chase their athletic dreams while pursuing their academic and community passions is an unmatched opportunity.(Cont'd Sch O)
Expenses $178,564 · Grants $178,415
-
USA Triathlon Foundation believes everyone should have the support and access to participate, grow and excel in triathlon/multisport. The Inspire Pathways to Access and Inclusion program is committed to giving those who don't have opportunities to compete the chance to realize their athletic dreams and progress through leadership pathways in the sport.
Expenses $58,600 · Grants $58,600
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Victoria Brumfield
CEO (From 7/2023 to 9/2023)
- Total calculated
- $378,185
- From this org
- $0
- From related orgs
- $346,255
- Other
- $31,930
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- not reported + $326,054 related
- Bonus
- not reported + $17,801 related
- Other
- not reported + $2,400 related
- Deferred
- not reported + $10,835 related
- Nontaxable benefits
- not reported + $21,095 related
- Filer's total
- not reported + $378,185 related
-
Gabe Cagwin
President (TO 07/2023)
- Total calculated
- $169,731
- From this org
- $0
- From related orgs
- $151,830
- Other
- $17,901
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- not reported + $151,130 related
- Bonus
- not reported
- Other
- not reported + $700 related
- Deferred
- not reported + $7,699 related
- Nontaxable benefits
- not reported + $10,202 related
- Filer's total
- not reported + $169,731 related
-
Christi-Marie Butler
President (from 9/2023)
- Total calculated
- $70,418
- From this org
- $0
- From related orgs
- $69,044
- Other
- $1,374
- Hours/week
- 5 + 55 related
-
Alex Egan
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Stephen Ban
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Brenda Smith
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Jacqueline McCook
Trustee (TO 12/2023)
- Total calculated
- $0
- Hours/week
- 5
-
Melissa Stockwell
Trustee (TO 12/2023)
- Total calculated
- $0
- Hours/week
- 5
-
Paul Gompers
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
John Cassimatis
Trustee (TO 12/2023)
- Total calculated
- $0
- Hours/week
- 5
-
William Bill Shenkin
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Frantz Alphanso
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Reggie Waller
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Audra Mallow
Vice Chair
- Total calculated
- $0
- Hours/week
- 5
-
Cameron Hamilton
Trustee (From 11/2023)
- Total calculated
- $0
- Hours/week
- 5
-
Rick Hrabchak
Trustee (From 11/2023)
- Total calculated
- $0
- Hours/week
- 5
-
Marci Jenkins
Trustee (From 11/2023)
- Total calculated
- $0
- Hours/week
- 5
-
Justin Model
Trustee (From 11/2023
- Total calculated
- $0
- Hours/week
- 5
-
Cheryl Perry
Trustee
- Total calculated
- $0
- Hours/week
- 5
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
None.
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)
- schedule j, Part I, Line 3
- The filing organization, USA Triathlon Foundation (FDN), did not employ any individuals during the 2023 calendar year. a Related organization, USA Triathlon of Colorado (USAT), provided contracted services to the FDN for the 2023 year, which included contracted management services. The contracted management services were performed primarily by Mr. Gabe Cagwin and Ms. Victoria Brumfield. Since Mr. Cagwin and Ms. Brumfield are an employees of a related organization, and served as the acting top management / top financial Officers of the FDN, through their contracted role of President of the FDN (Cagwin), and CEO (Brumfield), their compensation from USAT has been reported on Form 990 Part VII, and Schedule J, Part II. Related organization, USAT, has a Compensation committee and a compensation policy in place for Officers and Key employees. FOR KEY EMPLOYEES, THE CFO USES SURVEYS AND INDUSTRY KNOWLEDGE TO DEVELOP A RANGE FOR EACH SALARied POSITION AT USAT. THE CFO/CEO PROPOSES OVERALL PAY SCALES DURING EACH BUDGET REVIEW AND IN NOVEMBER, THE USAT BOARD APPROVES, OR APPROVES WITH CHANGES, THE FOLLOWING YEAR's BUDGET and proposed compensation packages.
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
-
$790,696
See Part IV
-
$60,000
See Part IV
-
$25,000
See Part IV
-
$20,000
See Part IV
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) · NGB of triath · CO
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349314380
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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