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 | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 39,601,456 | 50,071,859 | 41,446,634 | 47,605,969 | 66,674,036 | 245,399,954 |
| 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 | 39,601,456 | 50,071,859 | 41,446,634 | 47,605,969 | 66,674,036 | 245,399,954 |
| 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) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 245,399,954 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 39,601,456 | 50,071,859 | 41,446,634 | 47,605,969 | 66,674,036 | 245,399,954 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 1,869,945 | 2,611,498 | 687,502 | 1,228,199 | 2,805,103 | 9,202,247 |
| 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.).. | 9,558 | 1,569,573 | 856,767 | 6,630 | 46,548,530 | 48,991,058 |
| 11 | Total support. Add lines 7 through 10 | 303,593,259 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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 on 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 2024 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-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, 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 2024. 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 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FUNDRAISING EVENT INCOME - 2020 AMOUNT: $ 9,558. 2021 AMOUNT: $ 48,817. 2022 AMOUNT: $ 856,767. 2023 AMOUNT: $ 6,630. 2024 AMOUNT: $ 0. OTHER REVENUE FOR HOSPITALITY PROGRAM - 2021 AMOUNT: $ 1,520,756. 2024 AMOUNT: $ 46,533,082. SALES INCOME - 2024 AMOUNT: $ 15,448. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | EXECUTIVE COMMITTEE PURSUANT TO ITS BYLAWS, THE FOUNDATION HAS AN EXECUTIVE COMMITTEE THAT CONSISTS OF AT LEAST THREE (3) AND NO MORE THAN ELEVEN (11) MEMBERS OF THE BOARD OF DIRECTORS, WITH ALL SUCH COMMITTEE MEMBERS APPOINTED ANNUALLY BY THE BOARD CHAIR WITH THE APPROVAL OF THE USOPC, AS SOLE CORPORATE MEMBER; PROVIDED THAT AT ALL TIMES THE BOARD CHAIR, THE USOPC CEO, AND THE USOPC CHAIR ARE EACH ONE OF THE APPOINTEES SERVING ON SUCH COMMITTEE. THE PRESIDENT OF THE FOUNDATION SERVES AS STAFF LIAISON TO THE EXECUTIVE COMMITTEE, PARTICIPATING IN ALL EXECUTIVE COMMITTEE MEETINGS, BUT HAS NO VOTING RIGHTS AND DOES NOT COUNT TOWARDS ANY QUORUM REQUIREMENTS. WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF DIRECTORS, EXCEPT TO THE EXTENT, IF ANY, THAT SUCH AUTHORITY IS LIMITED BY THE FOUNDATION'S BYLAWS OR BY RESOLUTION OF THE ENTIRE BOARD OF DIRECTORS (APPROVED BY THE MEMBER). NOTWITHSTANDING THE FOREGOING OR ANYTHING TO THE CONTRARY, NEITHER THE EXECUTIVE COMMITTEE NOR ANY OTHER COMMITTEE HAS THE POWER TO AMEND THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE FOUNDATION, ALTER ANY RESTRICTION IMPOSED ON GRANT FUNDS WITHIN SECTION 3.1 OF THE BYLAWS, OR TO FILL VACANCIES ON THE FOUNDATION BOARD OTHER THAN THROUGH THE PROCESS SET OUT IN SECTION 3.2(B) OF THE BYLAWS, OR TO REMOVE ANY MEMBERS OF THE FOUNDATION BOARD, OR TO CREATE ANY FOUNDATION BOARD COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 3 | MANAGEMENT AGREEMENT THE USOPF HAS ENTERED INTO A SERVICE AGREEMENT WITH THE USOPC, A RELATED PARTY, WHEREBY CERTAIN SERVICES ARE PROVIDED BY THE USOPC. THESE INCLUDE MANAGEMENT SERVICES OF THE USOPC CEO, CFO AND OTHER MANAGEMENT. SEE SCHEDULE R FOR MORE DETAILS. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS THE USOPF HAS ONE CLASS OF MEMBERSHIP, WHICH HAS VOTING RIGHTS OF AND CONSISTS OF ONE CORPORATE MEMBER, THE USOPC. |
| FORM 990, PART VI, SECTION A, LINE 7A | POWER TO APPOINT THE USOPF BOARD REVIEWS POTENTIAL CANDIDATES FOR MEMBERSHIP TO THE BOARD AS RECOMMENDED BY THE NOMINATING & GOVERNANCE COMMITTEE. THE CHAIR OF THE NOMINATING & GOVERNANCE COMMITTEE SHARES THE FOLLOWING CANDIDATE INFORMATION IN WRITING TO THE FULL BOARD FOR THE BOARD'S CONSIDERATION: (I) THE NAMES OF THE INDIVIDUALS BEING CONSIDERED; (II) THE REASONS THE INDIVIDUALS' NOMINATIONS TO THE BOARD ARE BEING SUPPORTED; (III) THE PROPOSED COMMENCEMENT OF SUCH DIRECTORS' TERMS ON THE BOARD; AND, (IV) ANY OTHER INFORMATION THE NOMINATING & GOVERANCE COMMITTEE CONSIDERS TO BE PERTINENT TO THE NOMINATIONS. DIRECTORS OF THE FOUNDATION BOARD HAVE SEVEN DAYS TO OBJECT TO ANY SUCH NOMINATIONS. ANY NOMINATIONS FORWARDED BY THE NOMINATING & GOVERNANCE COMMITTEE ARE DEEMED APPROVED BY THE FOUNDATION BOARD, AND THEREBY ELECTED, AS LONG AS NO MORE THAN TEN MEMBERS OF THE BOARD OBJECT TO ANY SUCH NOMINATION IN WRITING. NOTWITHSTANDING THE FORGOING, NO ELECTION OF AN INDIVIDUAL TO THE BOARD IS EFFECTIVE UNLESS AND UNTIL APPROVED BY THE USOPC. |
| FORM 990, PART VI, SECTION A, LINE 7B | GOVERNANCE DECISIONS USOPF BOARD MEMBERS HAVE THE SAME VOTING RIGHTS. ALL BOARD MEMBERS HAVE A SINGLE VOTE. HOUSEHOLD BOARD MEMBERS, THAT IS INDIVIDUALS OR SPOUSES ACTING IN CONCERT, HAVE ONLY ONE VOTE PER HOUSEHOLD. HOWEVER, THE USOPC, AS THE SOLE MEMBER OF THE USOPF, HAS APPROVAL AUTHORITY FOR MOST ACTIONS THAT THE BOARD CAN TAKE BY VOTE. THIS AUTHORITY INCLUDES DUTIES SUCH AS APPOINTMENT OF COMMITTEE MEMBERS AND ELECTION OF NEW BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW THE FINANCE COMMITTEE OF THE USOPF IS CHARGED WITH OVERSEEING THE ACCOUNTING AND FINANCIAL REPORTING PROCESSES OF THE FOUNDATION, WHICH INCLUDES THE REVIEW OF THE FOUNDATION'S FINANCIAL STATEMENTS. THE FINANCE COMMITTEE HAS BEEN PROVIDED WITH A COMPLETE COPY OF THE FORM 990 AND THE OPPORTUNITY TO DISCUSS ISSUES OR CONCERNS WITH THE FINANCE COMMITTEE CHAIR AND TREASURER OF THE FOUNDATION PRIOR TO SUBMISSION. THE TREASURER AND CHAIR OF THE FINANCE COMMITTEE PROVIDE THE OPPORTUNITY FOR THE USOPF'S BOARD MEMEBERS TO MEET OR CONDUCT TELEPHONE CONFERENCES WITH THEM TO ADDRESS ANY QUESTIONS OR CONCERNS. THE TREASURER WILL TAKE IMMEDIATE ACTION TO ADDRESS ANY OUTSTANDING MATTERS PRIOR TO FILING THAT MAY RESULT FROM THE FINANCE COMMITTEE REVIEW AND FULL BOARD REVIEW. THE FINANCE COMMITTEE FORMALLY ENDORSES THE COMPLETE 990 FOR FINAL APPROVAL BY THE USOPC BOARD PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE USOPF REQUIRES OFFICERS AND BOARD MEMBERS TO BIANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST THROUGH A VOLUNTARY DISCLOSURE PROCESS. ANY POTENTIAL CONFLICTS REPORTED BY BOARD MEMBERS OR OFFICERS ARE REVIEWED BY THE CHIEF ETHICS & COMPLIANCE OFFICER OF THE USOPC OR HER DESIGNEE, IN CONSULATION WITH THE USOPF PRESIDENT AND USOPF SECRETARY AS NECESSARY. DISCLOSURES THAT GIVE RISE TO ACTUAL CONFLICTS ARE COMMUNICATED TO THE DISCLOSING MEMBER. ANY CONFLICTS ARE HANDLED PRIVATELY AND INDIVIDUALLY AND MAY INCLUDE BROADER DISCLOSURE OF THE CONFLICT TO THE BOARD, SPECIFICALLY IF IT RELATES TO A FINANCIAL INTEREST. THIS CREATES A FIREWALL REGARDING ISSUES ON WHICH THE BOARD MEMBER IS CONFLICTED AND ANY POTENTIAL REQUEST OF RESIGNATION OR OTHER SUCH REMEDIES. |
| FORM 990, PART VI, SECTION B, LINE 15 | EXECUTIVE COMPENSATION THE USOPF DOES NOT HAVE EMPLOYEES. COMPENSATION IS SET BY THE USOPC AND THEREFORE THE USOPF UTILIZES THE COMPENSATION SETTING POLICIES OF THE USOPC. COMPENSATION SETTING PRACTICES INCLUDE ENGAGING EXTERNAL CONSULTANTS TO PROVIDE COMPARABLE MARKET DATA FROM INDEPENDENT SALARY SURVEY DATA. DECISIONS ABOUT COMPENSATION ARE MADE BY THE COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS IN STRICT ACCORDANCE WITH THE BYLAWS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC DISCLOSURE THE USOPF'S GOVERNANCE DOCUMENTS AND FINANCIAL STATEMENTS ARE ALL AVAILABLE ON THE USOPF'S WEBSITE. ALL OTHER DOCUMENTS ARE MADE AVAILABLE TO THE EXTENT REQUIRED BY LAW. |
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