Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $4,461,056

• 1e · Government grants (contributions)

  $998,726

• 1f · All other contributions, gifts and grants

  $9,529,279

• 2a · Program service revenue: Sponsorship Revenue

  total $16,148,940 · related or exempt $16,148,940

• 2b · Program service revenue: Membership Dues and Related Fees

  total $6,557,458 · related or exempt $6,557,458

• 2c · Program service revenue: Regional Program Fees

  total $28,500 · related or exempt $28,500

• 2f · All other program service revenue

  total $374,980 · related or exempt $374,980

• 3 · Investment income

  total $180,844 · excluded $180,844

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,850,000 · program services $5,850,000

• 5 · Compensation of officers, directors and key employees

  total $669,292 · program services $359,029 · management and general $310,263

• 7 · Other salaries and wages

  total $7,068,245 · program services $3,771,142 · management and general $3,297,103

• 8 · Pension plan contributions

  total $197,115 · program services $126,488 · management and general $70,627

• 9 · Other employee benefits

  total $484,406 · program services $310,842 · management and general $173,564

• 10 · Payroll taxes

  total $561,706 · program services $360,445 · management and general $201,261

• 11b · Fees: legal

  total $353,162 · program services $286,264 · management and general $66,898

• 11c · Fees: accounting

  total $58,367 · program services $47,311 · management and general $11,056

• 11g · Fees: other

  total $1,198,906 · program services $971,803 · management and general $227,103

• 13 · Office expenses

  total $1,507,886 · program services $680,852 · management and general $827,034

• 14 · Information technology

  total $473,530 · program services $283,118 · management and general $190,412

• 16 · Occupancy

  total $2,042,428 · program services $154,484 · management and general $1,887,944

• 17 · Travel

  total $1,487,438 · program services $921,880 · management and general $565,558

• 19 · Conferences, conventions and meetings

  total $22,939 · program services $8,553 · management and general $14,386

• 20 · Interest

  total $1,405,307 · program services $1,400,669 · management and general $4,638

• 22 · Depreciation, depletion and amortization

  total $100,000 · program services $100,000

• 23 · Insurance

  total $2,472,634 · program services $2,385,597 · management and general $87,037

• 24a · Other expenses: Sponsorship Fulfillment

  total $7,501,396 · program services $7,489,056 · management and general $12,340

• 24b · Other expenses: TV Production

  total -$65,173 · program services $65,000 · management and general -$130,173

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,143,463 · end of year $4,631,531

• 4 · Accounts receivable

  beginning of year $1,952,986 · end of year $1,831,856

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,755,121 · end of year $1,627,898

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

  $7,674,562

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

  $6,530,891

• 10c · Land, buildings and equipment, net

  beginning of year $413,648 · end of year $1,143,671

• 12 · Investments: other securities

  beginning of year $100 · end of year $100

• 15 · Other assets

  beginning of year $13,416,839 · end of year $18,605,602

• 17 · Accounts payable and accrued expenses

  beginning of year $3,421,961 · end of year $3,531,496

• 19 · Deferred revenue

  beginning of year $53,357 · end of year $220,142

• 25 · Other liabilities

  beginning of year $582,770 · end of year $574,752

• 27 · Net assets without donor restrictions

  beginning of year $18,624,069 · end of year $23,514,268

The filer's explanations (Part III)

Part I, Line 1a

Certain travel is provided for key events. Any companion travel is treated as taxable income.

Part I, Line 3

The Board 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 or key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed.

Part I, Line 7

The organization annually reviews the performances of the executive staff and other staff to determine if additional compensation in the form of bonuses will be paid. During calendar year ending December 31, 2023, bonuses were awarded based on review of each individual's performance and services to the organization.

Related corporations and trusts

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

• United States Ski Team Inc

  C · Support athletes · CO · 100% owned · share of income -$2,483,489 · share of assets $642,394 · controlled entity

  Directly controlled by United States Ski Association