Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $871,246

• 2a · Program service revenue: Television Broadcasting Rights

  total $3,252,224,815 · related or exempt $3,252,224,815

• 2b · Program service revenue: TOP Programme Marketing Rights

  total $871,523,980 · related or exempt $845,795,725 · unrelated business $25,728,255

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $93,810,239 · excluded $93,810,239

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $41,881,035

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

  securities $3,448,785

• 7c · Gain or loss

  securities $38,432,250 · other assets $0

• 7d · Net gain or loss

  total $38,432,250 · excluded $38,432,250

• 11a · Other revenue: OCOG Marketing Programme

  total $94,760,644 · related or exempt $94,760,644

• 11b · Other revenue: Other Rights (Suppliership & Licensing)

  total $55,489,021 · related or exempt $55,489,021

• 11c · Other revenue: Other Revenue

  total $3,404,173 · related or exempt $3,404,173

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $153,653,838

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $345,342,860 · program services $345,342,860

• 3 · Grants to foreign organizations and individuals

  total $1,950,408,484 · program services $1,950,408,484

• 5 · Compensation of officers, directors and key employees

  total $12,961,887 · program services $5,720,363 · management and general $7,241,524

• 7 · Other salaries and wages

  total $95,911,692 · program services $42,327,916 · management and general $53,583,776

• 8 · Pension plan contributions

  total $9,426,085 · program services $4,159,936 · management and general $5,266,149

• 11f · Fees: investment management

  total $5,499,485 · management and general $5,499,485

• 11g · Fees: other

  total $8,647,694 · program services $8,647,694 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $1,936,592 · program services $1,936,592

• 17 · Travel

  total $5,840,757 · program services $5,840,757

• 19 · Conferences, conventions and meetings

  total $6,296,892 · program services $6,296,892

• 22 · Depreciation, depletion and amortization

  total $6,290,686 · program services $6,290,686

• 24a · Other expenses: Olympic Games Related Expenses

  total $602,999,218 · program services $602,999,218

• 24b · Other expenses: Promotion of the Olympic Movement

  total $220,590,283 · program services $220,590,283

• 24c · Other expenses: General Running Expenses

  total $50,381,008 · program services $50,381,008

• 24d · Other expenses: Special Projects

  total $32,277,255 · program services $32,277,255

• 24e · All other expenses

  total $25,356,853 · program services $25,356,853 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $110,555,784 · end of year $252,855,981

• 2 · Savings and temporary cash investments

  beginning of year $3,172,084,228 · end of year $3,491,247,325

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,064,238,471 · end of year $196,890,419

• 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 $381,828,554 · end of year $526,681,529

• 8 · Inventories for sale or use

  beginning of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $199,149,871 · end of year $85,330,480

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

  $161,326,637

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

  $4,560,554

• 10c · Land, buildings and equipment, net

  beginning of year $161,326,636 · end of year $156,766,083

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $25,426,580 · end of year $25,426,580

• 15 · Other assets

  beginning of year $517,850 · end of year $477,353

• 17 · Accounts payable and accrued expenses

  beginning of year $357,885,769 · end of year $436,413,153

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $2,068,422,168 · end of year $564,307,772

• 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

• 24 · Unsecured notes and loans payable

  beginning of year $132,479,822 · end of year $123,717,175

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $2,056,070,675 · end of year $2,802,177,112

• 28 · Net assets with donor restrictions

  beginning of year $500,269,540 · end of year $809,060,538

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Certain Benefits Provided

EXPENSES INCURRED FOR TRAVEL AND ACCOMMODATIONS DURING THE EXECUTION OF THE IOC MEMBERS'S FUNCTIONS ARE COVERED BY THE IOC. THE INDEMNITY POLICY FOR THE IOC MEMBERS AND THE IOC PRESIDENT IS AS FOLLLOWS: - IOC MEMBERS AND IOC HONORARY MEMBERS ANNUAL ADMINISTRATIVE SUPPORT: $7,000 USD - DAILY INDEMNITY FOR THE IOC MEMBERS FOR ALL TYPES OF MEETINGS, INCLUDING COMMISSIONS, SESSIONS AND OLYMPIC GAMES (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): $450 USD - DAILY INDEMNITY FOR IOC COMMISSION CHAIRS FOR THEIR OWN COMMISSION MEETINGS (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): 2 x $450 USD DAILY INDEMNITY FOR IOC EXECUTIVE BOARD MEMBERS FOR EXECUTIVE BOARD MEETINGS (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): 2 x $450 USD THE RESPECTIVE INDEMNITIES CAN BE ALLOCATED BY THE PRESIDENT WHEN HE REQUESTS A MEMBER FOR A SPECIAL MISSION. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, AS WELL AS THE STATEMENT OF ACTIVITIES UNDER TRANSPORT, TRAVEL AND RESIDENCE WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE. THE IOC PRESIDENT WILL BE TREATED IN THE SAME WAY AND ENTITLED TO THE SAME INDEMNITY AS THE EXECUTIVE BOARD MEMBERS DURING THE MEETINGS OF THE EXECUTIVE BOARD AND AS ANY IOC EXECUTIVE BOARD MEMBER DURING THE OLYMPIC GAMES. ACCORDING TO THE OBLIGATIONS AND RIGHTS ATTRIBUTED TO HIM IN THE OLYMPIC CHARTER, THE IOC PRESIDENT HAS THE FUNCTION OF AN EXECUTIVE PRESIDENT. THEREFORE, THE PRESIDENT IS ON MISSION FOR THE IOC 365 DAYS A YEAR. IN LINE WITH PAST PRACTICES AND LIKE ALL OTHER IOC MEMBERS, THE IOC PRESIDENT RECEIVES AN INDEMNITY TO PARTIALLY COVER HIS EXPENSES. THE PRESIDENT RECEIVES NEITHER THE FIXED ANNUAL SUPPORT NOR THE DAILY INDEMNITY RELATED TO ALL COMMISSION MEETINGS OR OTHER MISSIONS THAT HE IS ENTITLED TO AS AN IOC MEMBER. INSTEAD, TO COVER SOME OF THE PRESIDENT'S PERSONAL COSTS RELATED TO THE EXECUTION OF HIS FUNCTION, THE ETHICS COMMISSION DECIDED ON A SINGLE ANNUAL FIXED INDEMNITY, LINKED TO INFLATION OF EUR 275 THOUSAND. IN LINE WITH INDEMNITY POLICY, THE IOC COVERS THE COSTS OF THE PRESIDENT'S EXPENSES, WHICH AMOUNTED TO USD 350 THOUSAND IN 2024 AND USD 340 THOUSAND IN 2023. THESE AMOUNTS INCLUDE THE EUR 275 THOUSAND ANNUAL INDEMNITY AS DECIDED BY THE ETHICS COMMISSION. CONSISTENT WITH PAST PRACTICE, AN ANNUAL AMOUNT USD 182 THOUSAND WAS PAID BY THE IOC TO COVER THE INCOME TAX EXPENSE RELATED TO THE IOC PRESIDENT'S ACTIVITIES IN SWITZERLAND (USD 172 THOUSAND IN 2023). THE COST OF THESE EXPENSES ARE NOT TREATED AS COMPENSATION TO THE PRESIDENT FOR SWISS INCOME TAX PURPOSES AND THE INCOME TAX PAID TO COVER THE PRESIDENT'S EXPENSE ALLOWANCES IS PAID DIRECTLY TO THE SWISS TAX AUTHORITIES BY THE IOC. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, AS WELL AS THE STATEMENT OF ACTIVITIES UNDER TRANSPORT, TRAVEL AND RESIDENCE EXPENSES WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE.

Schedule J, Part III Transactions with Related Parties

TRANSACTON WITH RELATED PARTIES THE IOC'S EXECUTIVE BOARD MEMBERS, INCLUDING THE IOC PRESIDENT, ARE CONSIDERED TO BE VOLUNTEERS. UPON REQUEST BY AN IOC EXECUTIVE BOARD MEMBER (FOLLOWING A SIMPLE PROCESS), A PORTION OF THEIR PERSONAL ADMINISTRATIVE EXPENSES, RELATED TO THE EXECUTION OF THEIR RESPECTIVE FUNCTIONS WITHIN THE IOC, ARE COMPENSATED BY A FIXED AMOUNT. THE FIXED AMOUNT MAY VARY IN RELATION TO THE FUNCTIONS BEING PERFORMED BY THE INDIVIDUAL. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990. AS WELL AS THE STATEMENT OF ACTIVITIES INCLUDED WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• IOC TELEVISION & MARKETING SERVICES SA

  C Corporation · IOC SERVICE COMPANY · SZ · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NA

• OLYMPIC BROADCASTING SERVICES SA (OBS SA)

  C Corporation · IOC SERVICE COMPANY · SZ · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NA

• OLYMPIC CHANNEL SERVICES SA (OCS SA)

  C Corporation · IOC SERVICE COMPANY · SZ · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NA

• OLYMPIC BROADCASTING SERVICES SL (OBS SL)

  C Corporation · IOC SERVICE COMPANY · SP · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NA

• OLYMPIC CHANNEL SERVICES SL (OCS SL)

  C Corporation · IOC SERVICE COMPANY · SP · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NA