Form 990 for tax year 2023
Filed by UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION.
Totals
- Total revenue
- $48,794,865
- Total expenses
- $38,905,519
- Contributions and grants received
- $47,605,970
- Grants paid
- $24,587,502
- Program service revenue
- $0
- Investment income
- $1,223,261
- Other revenue
- -$34,366
- Total assets, end of year
- $88,280,136
- Total liabilities, end of year
- $76,957,387
- Net assets or fund balances, end of year
- $11,322,749
- Program services expenses (Part IX)
- $25,690,210
- Management and general expenses
- $2,803,432
- Fundraising expenses
- $10,411,877
- Program service expenses (Part III)
- $25,690,210
Program services were 66.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
SARAH C HIRSHLAND
EX-OFFICIO AS CEO OF USOPC
- Total calculated
- $1,302,584
- From this org
- $0
- From related orgs
- $1,265,593
- Other
- $36,991
- Hours/week
- 11 + 44 related
Schedule J breakdown matched by us
- Base
- $0 + $773,383 related
- Bonus
- $0 + $468,000 related
- Other
- $0 + $24,210 related
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $20,491 related
- Filer's total
- $0 + $1,302,584 related
-
GEOFF YANG
CHAIR (AS OF 06/2023)
- Total calculated
- $0
- Hours/week
- 5
-
ERYN MICHAEL BINGLE
VICE CHAIR (AS OF 11/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK MARY STEVENS
VICE CHAIR (AS OF 11/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL CARTER
VICE CHAIR (AS OF 11/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
DWIGHT W ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MATTHEW BARGER
DIRECTOR (AS OF 01/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
TRACEY EDWARD BENFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN CLIFFORD
DIRECTOR (THRU 12/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT L MOLLY COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PHILIP CORBOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GORDON CRAWFORD
DIRECTOR EMERITUS (AS OF 02/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
ALLI BYRON DEETER
DIRECTOR (AS OF 01/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
BRIAN DEEVY
DIRECTOR (THRU 12/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
ANDIE DOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JACQUELINE CHRISTIAN ERDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOANIE HALL MICHAEL RAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LAURI HUGHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JULIE GARY KILLIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBIN COURT LORENZINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN W LYNDA MARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
THOMAS M JOY A MISTELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARI NAKACHI DANIEL SIMKOWITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN ERICA PENN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRAD TRACEY POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LAWRENCE PROBST III
DIRECTOR (AS OF 01/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
MARIE JOHN QUEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GARY E YUCCA RIESCHEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHNATHAN ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SUSAN SCHNABEL ED PLUMMER
DIRECTOR (THRU 12/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
DIMITRI LISA SHKLOVSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CINDY JOHN SMET
DIRECTOR (AS OF 01/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
BENJAMIN SUTTON JR
DIRECTOR (THRU 12/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
GENE SYKES
EX-OFFICIO (AS OF 01/2023)
- Total calculated
- $0
- Hours/week
- 2.5
-
SHEILA WILLIAM WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
LORI MARTIN WEINSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHRISTINE V WALSHE
PRESIDENT
- Total calculated
- $486,317
- From this org
- $0
- From related orgs
- $468,689
- Other
- $17,628
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $346,666 related
- Bonus
- $0 + $98,949 related
- Other
- $0 + $23,074 related
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $1,128 related
- Filer's total
- $0 + $486,317 related
-
MORANE B KEREK
TREASURER (THRU 07/2023)
- Total calculated
- $316,947
- From this org
- $0
- From related orgs
- $283,718
- Other
- $33,229
- Hours/week
- 11 + 44 related
Schedule J breakdown matched by us
- Base
- $0 + $164,866 related
- Bonus
- $0 + $93,213 related
- Other
- $0 + $25,639 related
- Deferred
- $0 + $15,250 related
- Nontaxable benefits
- $0 + $17,979 related
- Filer's total
- $0 + $316,947 related
-
KATHERINE DESTEFANO
SECRETARY
- Total calculated
- $235,741
- From this org
- $0
- From related orgs
- $201,523
- Other
- $34,218
- Hours/week
- 15 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $169,394 related
- Bonus
- $0 + $31,995 related
- Other
- $0 + $134 related
- Deferred
- $0 + $22,500 related
- Nontaxable benefits
- $0 + $11,718 related
- Filer's total
- $0 + $235,741 related
-
CHRISTIN MCMANUS
TREASURER (AS OF 12/2023)
- Total calculated
- $312,266
- From this org
- $0
- From related orgs
- $257,893
- Other
- $54,373
- Hours/week
- 11 + 44 related
Schedule J breakdown matched by us
- Base
- $0 + $183,523 related
- Bonus
- $0 + $51,412 related
- Other
- $0 + $22,958 related
- Deferred
- $0 + $30,000 related
- Nontaxable benefits
- $0 + $24,373 related
- Filer's total
- $0 + $312,266 related
-
CHRISTOPHER MCCLEARY
FORMER SECRETARY
- Total calculated
- $620,751
- From this org
- $0
- From related orgs
- $577,615
- Other
- $43,136
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $449,727 related
- Bonus
- $0 + $127,888 related
- Other
- $0
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $26,636 related
- Filer's total
- $0 + $620,751 related
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)
- PART I, LINE 3
- THE PRESIDENT OF THE USOPF IS AN EMPLOYEE OF THE USOPC, SERVING AS ITS CHIEF DEVELOPMENT OFFICER, AND IS SUBJECT TO THE SAME COMPENSATION ANALYSIS AND APPROVAL PROCESS AS ALL OTHER USOPC KEY EMPLOYEES. THE USOPF BOARD OF DIRECTORS DOES NOT DIRECTLY CONDUCT THE PROCESS FOR DETERMINING APPROPRIATE COMPENSATION OF THE PRESIDENT. THE USOPC PROCESS INCLUDES, BUT IS NOT LIMITED TO, UTILIZING NATIONALLY AND REGIONALLY AVAILABLE INDEPENDENT SALARY SURVEY DATA AND ECONOMIC CONDITIONS DATA TO ESTABLISH THE SALARY RANGE FOR THE POSITION. FINAL DETERMINATION OF THE SALARY RANGE MAY ALSO TAKE INTO ACCOUNT AVAILABLE DATA REGARDING SALARIES PAID FOR SIMILAR JOBS IN THE MARKETPLACE AS WELL AS INTERNAL EQUITY CONSIDERATIONS. THE COMPENSATION AMOUNTS AND POLICIES ARE PRESENTED TO AN INDEPENDENT COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS AND MANAGEMENT FOR APPROVAL.
- PART II
- IN 2023, CHRISTOPHER MCCLEARY WAS NO LONGER ACTING IN A SECRETARY CAPACITY FOR THE USOPF. HE IS STILL AN EMPLOYEE OF THE USOPC AND, AS SUCH, IS LISTED AS FORMER DUE TO THE COMPENSATION RECEIVED FROM THE USOPC.
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 OLYMPIC AND PARALYMPIC COMMITTEE
$24,587,502
PROGRAM SUPPORT
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.
-
US OLYMPIC & PARALYMPIC COMMITTEE
501(C)(3) · ATH. SUPPORT · CO
-
UNITED STATES OLYMPIC & PARALYMPIC ENDOWMENT
501(C)(3) · ENDOWMENT · CO
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.
-
CHARITABLE REMAINDER TRUST (1)
T · TRUST · CO · 100% owned · share of income $3,666 · share of assets $128,281 · controlled entity
Directly controlled by USOPF
-
USOC HOSPITALITY SERVICOS COMERCIO (THRU 102023)
C · PROMOTE OLYMPICS · BR · 1% owned · share of income $17
Directly controlled by USOPC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401729349300345
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