Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 50,267,953 | 39,209,484 | 64,671,710 | 63,241,042 | 63,219,682 | 280,609,871 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 50,267,953 | 39,209,484 | 64,671,710 | 63,241,042 | 63,219,682 | 280,609,871 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 22,508,744 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 258,101,127 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 50,267,953 | 39,209,484 | 64,671,710 | 63,241,042 | 63,219,682 | 280,609,871 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 95,899,578 | 125,850,706 | 122,706,341 | 117,137,515 | 109,510,535 | 571,104,675 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 2,784,656 | 6,160,430 | 7,518,663 | 6,516,055 | 5,253,610 | 28,233,414 |
| 11 | Total support. Add lines 7 through 10 | 880,890,735 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
|---|
| PUBLIC SUPPORT TESTTHE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (USOPC) IS TAX-EXEMPT UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). IT IS RECOGNIZED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC SECTION 170(B)(1)(A)(VI). THE USOPC WAS APPOINTED BY CONGRESS AS THE COORDINATING BODY FOR ALL OLYMPIC AND PARALYMPIC-RELATED ATHLETIC ACTIVITY IN THE UNITED STATES. SPECIFICALLY, THE USOPC OVERSEES ALL ATHLETIC ACTIVITY IN THE U.S. DIRECTLY RELATING TO INTERNATIONAL COMPETITION, INCLUDING THE PROGRAMS FOR OLYMPIC, PARALYMPIC, PAN AMERICAN AND PARAPAN AMERICAN GAMES. THE USOPC IS THE NATIONAL OLYMPIC COMMITTEE AND NATIONAL PARALYMPIC COMMITTEE FOR THE UNITED STATES. IN 2020, THE ORGANIZATION RECEIVED MINIMAL GOVERNMENTAL FUNDING. IT THUS RELIES ON ITS ABILITY TO GENERATE REVENUE FOR ITS OPERATIONS THROUGH CONTRIBUTIONS FROM THE GENERAL PUBLIC, ROYALTY REVENUE FROM THE SALE OF OLYMPIC BROADCASTING RIGHTS AND MARKS RIGHTS. THROUGH 2020, THE USOPC WAS GOVERNED BY A BOARD OF DIRECTORS CONFIGURED WITH SIX INDEPENDENT DIRECTORS, THREE MEMBERS SELECTED FROM INDIVIDUALS NOMINATED BY THE NATIONAL GOVERNING BODIES' COUNCIL (NGBC), THREE MEMBERS SELECTED FROM INDIVIDUALS NOMINATED BY THE ATHLETES' ADVISORY COUNCIL (AAC), ALL U.S. MEMBERS OF THE IOC (THREE IN 2020) EX-OFFICIO, AND THE CEO AS AN EX-OFFICIO NON-VOTING MEMBER. AS A PART OF LARGER USOPC GOVERNANCE REFORM EFFORTS, THE BOARD OF DIRECTORS WAS RECONFIGURED AS OF JANUARY 1, 2021 TO INCLUDE FIVE INDEPENDENT DIRECTORS, THREE MEMBERS ELECTED BY THE NGBC, THREE MEMBERS ELECTED BY THE AAC, TWO MEMBERS ELECTED BY MEMBERS OF THE US OLYMPIANS AND PARALYMPIANS ASSOCIATION, ALL U.S. MEMBERS OF THE IOC AND U.S. MEMBERS OF THE IPC GOVERNING BOARD (CURRENTLY FOUR IN TOTAL) EX-OFFICIO, AND THE CEO AND USOPF BOARD CHAIR AS EX-OFFICIO NON-VOTING MEMBERS. THE LAUNCH OF THIS NEW CONFIGURATION BEGAN WITH INITIAL ELECTIONS CONDUCTED DURING 2020.THE USOPC OPERATED TWO TRAINING CENTERS FOR THE BENEFIT OF AMERICAN ATHLETES TRAINING TO BECOME MEMBERS OF VARIOUS UNITED STATES OLYMPIC, PARALYMPIC, PAN AMERICAN, PARAPAN AMERICAN AND YOUTH OLYMPIC TEAMS. THE FACILITIES ARE MADE AVAILABLE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS ON A SPACE AVAILABLE BASIS FOR VARIOUS MEETINGS AND CAMPS/CLINICS. THE USOPC IS AN ACTIVE PARTICIPANT IN PROMOTING AMATEUR SPORTS AND PHYSICAL FITNESS IN THE UNITED STATES. THE USOPC'S PROMOTION AND AWARENESS CAMPAIGN OF PROMOTING SPORTS AND PHYSICAL FITNESS IS CARRIED OUT THROUGH VARIOUS EDUCATIONAL PROGRAMS, OFTEN IN CONJUNCTION WITH OTHER ORGANIZATIONS. SEE PART III STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS FOR DESCRIPTION OF PROGRAMS THAT ACCOMPLISH THE USOPC'S EXEMPT PURPOSE AND MISSION. FOR THE YEAR ENDED DECEMBER 31, 2020, THE USOPC RECEIVED 29.30 PERCENT OF ITS TOTAL SUPPORT FROM PUBLIC SUPPORT, WHICH FALLS BELOW THE 33 1/3 PERCENT SUPPORT TEST THRESHOLD. BECAUSE ITS PUBLIC SUPPORT PERCENTAGE FELL BELOW 33 1/3 PERCENT FOR 2019 AS WELL, USOPC CHECKS THE BOX ON SCHEDULE A, PART II, LINE 17A TO INDICATE THAT IT MEETS THE 10% FACTS AND CIRCUMSTANCES TEST THRESHOLD PURSUANT TO IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). TO CONTINUE TO QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION, THE USOPC IS FOCUSING EFFORTS TO GROW THE UNITED STATES OLYMPIC & PARALYMPIC FOUNDATION, WHICH GENERATES REVENUE FOR THE USOPC VIA FUNDRAISING FROM INDIVIDUAL CONTRIBUTORS. |
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | PROFESSIONAL SERVICE FEES - 2016 AMOUNT: $ 5,503,031. 2017 AMOUNT: $ 6,141,656. 2018 AMOUNT: $ 6,021,105. 2019 AMOUNT: $ 5,670,325. 2020 AMOUNT: $ 4,907,434. GAMES EVENT REVENUE - 2016 AMOUNT: $ 1,249,157. LOSS ON HOSPITALITY - 2016 AMOUNT: $ -4,029,125. MISCELLANEOUS OTHER REVENUE - 2016 AMOUNT: $ 61,593. 2017 AMOUNT: $ 18,774. 2018 AMOUNT: $ 1,497,558. 2019 AMOUNT: $ 845,730. 2020 AMOUNT: $ 346,176. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1: | VOTING MEMBERS MEMBERS OF THE USOPC BOARD WHO ALSO SERVE ON THE INTERNATIONAL OLYMPIC COMMITTEE'S (IOC) BOARD OF DIRECTORS ARE ALLOCATED ONE VOTE AND ALL OTHER MEMBERS ARE ALLOCATED A NUMBER OF VOTES EQUAL TO THE NUMBER OF MEMBERS ALSO SERVING ON THE INTERNATIONAL OLYMPIC COMMITTEE. AT THE END OF 2020, THERE WERE TWO MEMBERS OF THE BOARD WHO ALSO SERVED ON THE IOC BOARD. THEREFORE, THE NON-IOC BOARD MEMBERS HAVE TWO VOTES EACH, WHILE THE IOC BOARD MEMBERS HAVE ONE VOTE EACH. |
| FORM 990, PART VI, SECTION A, LINE 4 | EMPOWERING OLYMPIC, PARALYMPIC, AND AMATEUR ATHLETES ACT OF 2020: THIS BILL INCLUDED ELEMENTS THAT CEMENT AND EXTEND RECENT GOVERNANCE REFORMS AT THE USOPC, INCLUDING IN THE AREAS OF INCREASING THE VOICE OF ATHLETES, STRENGTHENING ATHLETE PROTECTIONS AND ANTI-RETALIATION RULES, INCREASING OVERSIGHT BY THE FEDERAL GOVERNMENT OVER THE USOPC AND NGBS, INCREASING USOPC OVERSIGHT OVER NGBS, ADDING NEW DISCLOSURE AND REPORTING REQUIREMENTS, AND ESTABLISHING A CONGRESSIONAL COMMISSION TO REVIEW THE GOVERNANCE AND SCOPE OF THE USOPC AND US OLYMPIC AND PARALYMPIC SPORT. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW A COMPLETE COPY OF THE USOPC FORM 990 WILL BE PROVIDED TO THE FINANCE AUDIT RISK COMMITTEE. THE CFO WILL MEET OR CONDUCT A MEETING WITH THE FINANCE AUDIT RISK COMMITTEE TO DISCUSS ANY ISSUES OR CONCERNS. THE CFO WILL TAKE IMMEDIATE ACTION TO RESOLVE ANY OUTSTANDING ISSUES RAISED BY THE FINANCE AUDIT RISK COMMITTEE. THE FINANCE AUDIT RISK COMMITTEE WILL FORMALLY APPROVE THE COMPLETED 990 AND A COMPLETE COPY IS THEN SENT TO THE USOPC BOARD OF DIRECTORS PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE USOPC OBTAINS ANNUAL CERTIFICATIONS FROM THE ORGANIZATION'S STAFF, BOARD OF DIRECTORS, AND COMMITTEE MEMBERS. THE ETHICS OFFICER REVIEWS THE COMPLETED DISCLOSURE STATEMENTS AND PROVIDES COPIES TO THE CHAIR OF THE ETHICS COMMITTEE. THE CHAIR OF THE ETHICS COMMITTEE HAS THE DISCRETION TO SHARE THE DISCLOSURE STATEMENTS WITH THE ENTIRE ETHICS COMMITTEE, BOARD OF DIRECTORS AND/OR CEO. THE ETHICS OFFICER AND THE CHAIR OF THE ETHICS COMMITTEE, IN SOME CASES IN CONSULATION WITH THE ENTIRE ETHICS COMMITTEE, DETERMINE IN EACH CASE WHETHER A CONFLICT EXISTS AND SO RECORD THEIR DECISION IN CONNECTION WITH EACH RELEVANT DISCLOSURE STATEMENT, ALSO INDICATING ANY REQUIRED CORRECTIVE ACTION (WHICH MAY INCLUDE, BUT IS NOT LIMITED TO, PROHIBITING THE PERSON FROM PARTICIPATION IN THE ORGANIZATION'S DELIBERATIONS AND DECISIONS IN AN AFFECTED TRANSACTION). |
| FORM 990, PART VI, SECTION B, LINE 15 | ALL EMPLOYEE COMPENSATION AS PART OF DETERMINING THE CEO, OFFICER, AND KEY EMPLOYEES' COMPENSATION, THE USOPC USES COMPARABILITY DATA FROM INDEPENDENT SALARY SURVEY DATA TO PRESENT COMPENSATION AMOUNTS AND POLICIES TO AN INDEPENDENT COMPENSATION COMMITTEE AND MANAGEMENT FOR APPROVAL. THE DISCUSSIONS ABOUT COMPENSATION STRATEGIES AND KEY PROGRAMS ARE CONTEMPORANEOUSLY DOCUMENTED, AND DECISIONS ABOUT COMPENSATION AND BENEFITS ARE MADE BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS IN STRICT ACCORDANCE WITH THE BYLAWS OF THE ORGANIZATION. THE USOPC SPECIFICALLY PERFORMS THE FOLLOWING STEPS IN DETERMINING COMPENSATION OF ALL EMPLOYEES (INCLUDING OFFICERS AND KEY EMPLOYEES) AS WELL AS THE CEO'S COMPENSATION PACKAGE. THE USOPC HAS AN ESTABLISHED SALARY STRUCTURE CONSISTING OF 40+ OVERLAPPING, SYMMETRICAL SALARY RANGES FOR EXEMPT AND NON-EXEMPT POSITIONS. EACH RANGE INCLUDES A MINIMUM, MIDPOINT AND MAXIMUM PAY LEVEL. THE SALARY RANGES HAVE BEEN DEVELOPED BY BLENDING OUR COMPENSATION PHILOSOPHY, NATIONALLY AND REGIONALLY AVAILABLE INDEPENDENT SALARY SURVEY DATA AND ECONOMIC BUSINESS CONDITIONS DATA. A JOB DESCRIPTION AND PAY GRADE FOR EACH JOB TITLE IS ESTABLISHED IN COLLABORATION WITH THE SUPERVISOR OF THE POSITION AND WITH FINAL APPROVAL BY PEOPLE & CULTURE. FINAL DETERMINATION OF THE PAY GRADE MAY ALSO TAKE INTO ACCOUNT AVAILABLE DATA REGARDING SALARIES PAID FOR SIMILAR JOBS IN THE MARKETPLACE AS WELL AS INTERNAL EQUITY CONSIDERATIONS. ALL FULL-TIME AND PART-TIME REGULAR EMPLOYEES ARE ELIGIBLE FOR ANNUAL MERIT INCREASES BASED UPON PERFORMANCE. THE APPROVED MERIT POOL FOR ALL EMPLOYEES IS APPROVED BY THE COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS BASED ON COMPENSATION PHILOSOPHY, NATIONALLY AVAILABLE INDEPENDENT SALARY SURVEY DATA, ECONOMIC BUSINESS CONDITIONS DATA AND THE RECOMMENDATIONS OF MANAGEMENT. ALL FULL-TIME AND PART-TIME REGULAR EXEMPT EMPLOYEES ARE ELIGIBLE FOR AT-RISK BONUS COMPENSATION BASED UPON ORGANIZATIONAL GOAL ATTAINMENT AS DETERMINED BY THE COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS AND INDIVIDUAL GOAL ATTAINMENT. THE FUNDING BUDGET OF THE AT-RISK BONUS IS ALSO REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE CEO'S MERIT INCREASES AND AT-RISK COMPENSATION ARE DETERMINED BY THE COMPENSATION COMMITTEE USING PROCESSES SIMILAR TO THOSE DESCRIBED ABOVE FOR ALL EMPLOYEES. THE COMPENSATION COMMITTEE THEN PROVIDES A WRITTEN CONFIRMATION OF THE PROCESS AND OUTCOME TO PEOPLE & CULTURE AND FINANCE FOR DOCUMENTATION AND AUDIT PURPOSES. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC DISCLOSURE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE'S BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS, ALONG WITH THE CODE OF CONDUCT AND ANNUAL REPORT, CAN BE FOUND AT TEAMUSA.ORG. |
| FORM 990, PART VII, SECTION A, LINE 1A: | COMPENSATION KIKKAN RANDALL AND BRAD SNYDER, WHO ARE BOTH MEMBERS OF THE BOARD, RECEIVED 1099S FROM THE USOPC IN 2020. THE PAYMENTS MADE WERE RELATED TO ELITE ATHLETE HEALTH INSURANCE, APPEARANCES AND DIRECT ATHLETE SUPPORT AS BOTH MEMBERS ARE ACTIVE ATHLETES. |
| FORM 990, PART XI, LINE 9 | THE USOPC HOLDS DONOR RESTRICTED ENDOWMENT FUNDS. IN 2020, A DONOR CHANGED THE NATURE OF THEIR RESTRICTION REQUIRING THAT THE ENDOWED FUNDS BE TRANSFERRED TO THE UNITED STATES OLYMPIC & PARALYMPIC FOUNDATION. THE TOTAL VALUE OF THIS TRANSFER WAS $6,263,995. |
| COVID-19 IMPACT | COVID 19 HAD A SIGNIFICANT IMPACT ON THE OPERATIONS OF THE USOPC IN 2020, INCLUDING THE POSTPONEMENT OF THE TOKYO GAMES, LIMITING TRAINING CENTER ACTIVITY, AND GENERALLY DISRUPTING WORLDWIDE COMPETITIVE SPORTS. TO MITIGATE THE IMPACT ON ITS FINANCIAL RESULTS, THE USOPC EVALUATED ITS OVERALL EXPENSE INFRASTRUCTURE AND IMPLEMENTED COST REDUCTION INITIATIVES INCLUDING A REDUCTION IN FORCE FOR 2020 AND THE NEXT QUADRENNIAL RESULTING IN A 12% REDUCTION OF PLANNED SPENDING. AS PART OF THIS INITIATIVE, THE CEO AND DIRECT REPORTS RECEIVED REDUCED PAY FOR A PORTION OF 2020. |
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