2023-11-09T12:57:04-06:00 2022-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2022-01-01 721581977 USA Swimming Foundation Inc % ERIC SKUFCA USAS 7198664578 1 Olympic Plaza Colorado Springs CO 80909 TIMOTHY Hinchey CEO 7198663576 2023-11-15 true TIMOTHY Hinchey 999009999 DOREEN B MERZ P00841439 7196301186 2022 2023-04-26 12:10:37Z TIMOTHY Hinchey 1 Olympic Plaza Colorado Springs CO 80909 13947219 false X WWW.USASWIMMING.ORG/FOUNDATION X 2004 CO THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES. 16 15 3 150 0 0 2450499 2218101 567657 619805 987339 494729 -13716 128755 3991779 3461390 1599391 2393305 0 0 310086 341024 0 0 380674 1143154 1036949 3052631 3771278 939148 -309888 23677061 19829085 149291 133929 23527770 19695156 X Established in 2004, the USA Swimming Foundation works to strengthen the sport of swimming by Saving Lives, Building Champions, and Impacting Communities. Continued, see Schedule O. false false 1315430 936444 619799 Saving Lives - Learn-to-Swim Initiative: USA Swimming and the USA Swimming Foundation believe that the best defense against drowning is empowering children and adults with the life-saving skill of swimming and education on how to be safer around the water. Continued, see Schedule O. 1294696 1188361 Building Champions - National Team: The U.S. is one of few countries that does not provide government funding for its Olympic-level athletes. National Team swimmers train up to five hours a day and maintain a rigorous and demanding travel schedule. Therefore, most professional swimmers do not have time to maintain traditional employment and competing at the highest level is expensive. Continued, see Schedule O. 268500 268500 234813 Building Champions - Impacting Communities: The USA Swimming Foundation focuses on investing in three impactful programs to increase access and opportunities for underrepresented communities: Community Impact Grants, Historically Black Colleges and Universities (HBCU) Grants and Community Swim Teams. Through the Community Impact Grant program, USA Swimming aims to grow a diverse community of champion athletes. Continued, see Schedule O. 78484 alumni legacy 78484 2957110 true true false false false false false false true true false false false true true true true false false false false false false true false false true false true false false false false false false false false true false false false false true false false false true X 15 0 3 true false false false false false true true false false false false false false X 16 15 false true false false true true true true true false false true true true true true true true true false AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X ERIC SKUFCA 7198664578 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 X TIMOTHY HINCHEY CHIEF EXECUTIVE OFFICER 5.0 35.0 X 0 910568 62895 ERIC SKUFCA CHIEF FINANCIAL OFFICER 5.0 35.0 X 0 284888 58717 CULLEN JONES DIRECTOR 4.0 0.0 X 33500 0 0 JEFF MOXIE TREASURER 4.0 0.0 X X 0 0 0 DAVID SHACKLEY BOARD CHAIR 4.0 0.0 X X 0 0 0 ANNE BERRY VICE-CHAIR 4.0 0.0 X X 0 0 0 DAVID WIEDERECHT SECRETARY 4.0 0.0 X X 0 0 0 ALEX BLAVATNIK DIRECTOR 4.0 0.0 X 0 0 0 JILL BORNSTEIN DIRECTOR 4.0 0.0 X 0 0 0 CYNTHIA EUBANKS DIRECTOR 4.0 0.0 X 0 0 0 CECIL GORDON DIRECTOR (TO 06/2022) 4.0 0.0 X 0 0 0 JORDAN KAPLAN DIRECTOR 4.0 0.0 X 0 0 0 BILL MAXSON DIRECTOR 4.0 0.0 X 0 0 0 ELIZABETH BEISEL DIRECTOR 4.0 0.0 X 0 0 0 DAWSON HUGHES DIRECTOR 4.0 0.0 X 0 0 0 JAY DEFINIS DIRECTOR 4.0 0.0 X 0 0 0 GREG PINCHBECK DIRECTOR 4.0 0.0 X 0 0 0 JON KOSSOW DIRECTOR 4.0 0.0 X 0 0 0 TIM BUCKLEY DIRECTOR 4.0 0.0 X 0 0 0 TOM LUCHSINGER DIRECTOR (FROM 04/2022) 4.0 0.0 X 0 0 0 33500 1195456 121612 0 false true false USA Swimming Inc 1 OLYMPIc PLAZA COLORADO SPRINGS CO 80909 Management services 200000 1 X 353582 1864519 295476 2218101 SPONSORSHIPS 900099 619805 619805 619805 422992 422992 0 234807 234807 0 0 0 10214144 10142407 71737 71737 71737 237370 353582 343422 -106052 -106052 0 0 0 0 0 0 0 3461390 854612 0 388677 X 2393305 2393305 0 0 0 33500 33500 0 232039 33493 65211 133335 10909 1575 3065 6269 45312 6540 12735 26037 19264 2781 5413 11070 200000 48048 96144 55808 16146 16146 8700 8700 0 0 42810 42810 341293 281004 25999 34290 6037 5587 450 72147 3882 13447 54818 1383 65 1272 46 0 70000 70000 148587 78806 37522 32259 0 3341 431 2617 293 0 0 0 0 RECOGNITION AWARDS & FULFILLME 56246 56246 GEAR, EQUIPMENT, & APPAREL 35857 15055 9865 10937 DUES & SUBSCRIPTIONS 34402 2379 16961 15062 3771278 2957110 433494 380674 X 1555614 1446652 9677 9679 1735418 1549978 168716 231964 0 0 0 0 0 0 0 0 65356 7838 229963 229963 20022280 16462974 0 0 0 0 120000 120000 0 0 23677061 19829085 23765 22690 0 0 0 50900 0 0 0 0 0 0 0 0 0 0 125526 60339 149291 133929 X 14485426 12057009 9042344 7638147 23527770 19695156 23677061 19829085 X -309888 -3485226 -37500 X X false true X true false X X 1 USA SWIMMING INC 204264282 10 true 2957110 0 1 2957110 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19927985 297500 -3008946 761000 16455539 17295618 120000 1723010 728750 18409878 19350689 25000 1646179 3726250 17295618 17623516 2602173 875000 19350689 18289663 905076 -870123 701100 17623516 0.64330 0.35670 false false 0 0 0 6087 6087 0 223876 223876 0 0 0 DUE TO USA SWIMMING, INC. 45156 PAYROLL DUE TO USA SWIMMING, INC. 15183 60339 X 212540 -3485226 268740 47946 -3168540 3381080 42810 37500 80310 3461390 4045154 268740 47946 316686 3728468 42810 42810 3771278 SCHEDULE D, PART V, Line 1a and Line g During the current year, the Organization reviewed pledges receivable and the endowment's assets, and incorporated a cumulative adjustment for pledges receivable within the Endowment's beginning year balance (Column (A), current year, line 1a). SCHEDULE D, PART V, LINE 4: ENDOWMENT DISTRIBUTIONS PROVIDE FUNDING FOR GRANTS THAT BENEFIT USA SWIMMING ATHLETES AND COACHES. AN ENDOWMENT ALSO PROVIDES FUNDING FOR LEARN TO SWIM PROGRAMS. SCHEDULE D, PART X, LINE 2: The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Foundation qualifies for the charitable contribution deduction and has been classified as an organization other than a private foundation. The Foundation believes that it does not have any uncertain tax positions that are material to the financial statements. SCHEDULE D, PART XI, LINE 2D: RECLASS FUNDRAISING EXPENSES: $47,946 SCHEDULE D, PART XI, LINE 4B: RECLASS UNCOLLECTIBLE PLEDGES: $37,500. SCHEDULE D, PART XII, LINE 2D: RECLASS FUNDRAISING EXPENSES: $47,946 SILENT AUCTION 590952 353582 237370 343422 0 590952 353582 237370 343422 343422 -106052 true usa swimming inc 1 Olympic Plaza Colorado Springs CO 80909 204264282 501(c)(3) 1483151 National Team & Sport Dev. Valley of the Sun YMCA 350 North 1st Ave Phoenix AZ 85003 860096799 501(c)(3) 34000 Learn to Swim YMCA of Greater Houston 2600 N Loop W ste 300 Houston TX 77092 741109737 501(c)(3) 32615 Learn to Swim Harris County Precinct One Street Olympics 2727 El Camino St Houston TX 77054 760227692 501(c)(3) 30000 Learn to Swim South Sound YMCA PO Box 4132 Olympia WA 98501 910586473 501(c)(3) 25000 Learn to Swim YMCA of the North 651 Nicollet Mall Ste 500 Minneapolis MN 55117 422563299 501(c)(3) 25000 Learn to Swim Attleboro Norton YMCA 63 North Main St Attleboro MA 02703 042255819 501(c)(3) 18000 Learn to Swim St Augustine Prep AcademyWalter Schroeder Aquatic 2607 S 5th St Milwaukee WI 53207 331195220 501(c)(3) 17500 Learn to Swim YMCA of Snohomish County 2720 Rockefeller Ave Everett WA 98201 910565561 501(c)(3) 17500 Learn to Swim Urban Swim Cleveland 2990 Berkshire Rd Cleveland Heights OH 44118 871647774 LLC 17500 Learn to Swim North Shore Swim Club 19 Fenley Rd Gloucester MA 01930 043300042 501(c)(3) 16320 Learn to Swim City of Englewood 1000 Englewood Pkwy Englewood CO 80110 238976323 Government 15625 Learn to Swim Woodland Hills Aquatic Team 818 Eastman St Pittsburgh PA 15122 251744140 corporation 15000 Learn to Swim V3 Sports 701 Plymouth Ave North Minneapolis MN 55411 474208106 501(c)(3) 15000 Learn to Swim City of Jersey City 280 Grove St Jersey City NJ 07302 226002013 Government 15000 Learn to Swim Nashville Dolphins 95 White Bridge Rd St 209 Nashville TN 37205 271246431 501(c)(3) 13300 Learn to Swim YMCA of Greater Louisville 545 S 2nd St Louisville KY 40202 610444843 501(c)(3) 12500 Learn to Swim Horizons at Westminster 995 Hopmeadow St Simsbury CT 06070 060646960 corporation 12450 Learn to Swim YMCA of the North Shore 245 Cabot St Beverly MA 01915 042104913 501(c)(3) 11880 Learn to Swim Magnolia Independent School District 1488 Bulldog Blvd Magnolia TX 77354 746003129 Government 11750 Learn to Swim YMCA of Kingston and Ulster Counties 507 Broadway Kingston NY 12401 141338342 501(c)(3) 11400 Learn to Swim City of Riverside 6927 Magnolia Ave Riverside CA 92506 956000769 Government 10250 Learn to Swim YMCA of Montgomery 880 S Lawrence St Montgomery AL 36104 630288885 501(c)(3) 10000 Learn to Swim YMCA of Southwest WA 766 15th Ave Longview WA 98632 910565021 501(c)(3) 10000 Learn to Swim YMCA of Greater Seattle 909 Fourth Ave Seattle WA 98104 910482710 501(c)(3) 10000 Learn to Swim YMCA of Eastern Union County 144 Madison Ave Elizabeth NJ 07201 221487381 501(c)(3) 9950 Learn to Swim Forth Worth Drowning Prevention Center PO Box 11813 Fort Worth TX 76110 473716924 501(c)(3) 9850 Learn to Swim KU Medical Center 3901 Rainbow Blvd MS 2003 Kansas City KS 66160 481124839 Government 9700 Learn to Swim West Suburban YMCA 276 Church St Newton MA 02458 042104783 501(c)(3) 9200 Learn to Swim Robbinsdale Community Ed District 281 3725 Pilgrim Lane N Plymouth MN 55412 416001408 Government 9000 Learn to Swim Boys and Girls Clubs of Chicago 2102 W Monroe St Chicago IL 60612 362166997 501(c)(3) 8800 Learn to Swim Dads Club Aquatic Center 1006 Voss Rd Houston TX 77055 760351808 corporation 8760 Learn to Swim Muskegon YMCA 1115 3rd St Muskegon MI 49411 382000172 501(c)(3) 8750 Learn to Swim City of Peoria 8401 W Monroe St Peoria AZ 85345 866003634 Government 8500 Learn to Swim Nile Swim Club of Yeadon 513 S Union Ave Yeadon PA 19050 231548879 corporation 7900 Learn to Swim Bangor Region YMCA 17 Second St Bangor ME 04401 010211485 501(c)(3) 7660 Learn to Swim City of King 212 Vanderhurst Ave King City CA 93930 946000352 Government 7600 Learn to Swim Kraken Swim School 108 Orchard Ave Hubbard OH 44425 346001466 501(c)(3) 7500 Learn to Swim Raritan Valley YMCA 144 Tices Lane E Brunswick NJ 08816 221494457 501(c)(3) 7335 Learn to Swim YMCA of Metro Chicago 1030 W Van Buren St Chicago IL 60607 362179782 501(c)(3) 7315 Learn to Swim Metro Aquatic Boosters 6718 27th St W Tacoma WA 98466 800869493 corporation 7200 Learn to Swim Randolph Recreation Dept 41 S Main St Randolph MA 02368 046001275 Government 7200 Learn to Swim Specialty Aquatic Programs 6915 Killarney Troy MI 48098 811709092 LLC 6980 Learn to Swim Kenosha YMCA 7101 53rd St Kenosha WI 53144 390826296 501(c)(3) 6500 Learn to Swim Riverbrook Regional YMCA 404 Danbury Rd Wilton CT 06897 060853258 501(c)(3) 6250 Learn to Swim Tankproof 15114 Woodstone Dr 77264 Prairieville LA 70769 472705011 501(c)(3) 6250 Learn to Swim I-Tri (inspirational triathalon racing intl) PO Box 567 East Hampton NY 11937 900635108 501(c)(3) 6120 Learn to Swim Greater Philadelphia YMCA 5120 Chestnut St Philadelphia PA 19139 231243965 501(c)(3) 6000 Learn to Swim The Salvation Army 4200 Wissahickon Ave Philadelphia PA 19129 135562351 501(c)(3) 6000 Learn to Swim Upper Palmetto YMCA 151 S Oakland Ave Rock Hill SC 29730 570335422 501(c)(3) 5800 Learn to Swim Tillamook County Family YMCA 610 Stillwell Ave Tillamook OR 97141 930457167 501(c)(3) 5500 Learn to Swim Muskegon Heights Public School Academy Systems 2441 Sanford Muskego Heights MI 49444 460557412 Government 5500 Learn to Swim Boys & Girls Club Lawrence 136 Water St Lawrence MA 01841 042104377 501(c)(3) 5500 Learn to Swim LEAP (Leadership Education Athletics in Partners 30 Eld St New Haven CT 06511 222906547 corporation 5300 Learn to Swim YMCA of New Orleans Metropolitan 320 Metairie-Hammond Hwy Metairie LA 70005 720423890 501(c)(3) 5250 Learn to Swim City of Anoka 2015 1st Ave N Anoka MN 55303 416004936 government 5250 Learn to Swim City of Colusa 425 Webster St Colusa CA 95932 946000314 government 5080 Learn to Swim Madison YMCA 111 Kings Rd Madison NJ 07940 221487385 501(c)(3) 5050 Learn to Swim 50 8 SCHEDULE I, PART I, LINE 2: DEPENDENT UPON THE GRANT PROGRAM THE FOUNDATION REQUIRES FROM THE GRANTEES AN APPLICATION THAT INCLUDES DETERMINaTION FOR USE OF FUNDS UPFRONT AND/OR TO PROVIDE A FINAL REPORT DEMONSTRATING HOW THE GRANT FUNDS WERE SPENT. X X X false false false false false false false true false TIMOTHY HINCHEY CHIEF EXECUTIVE OFFICER 665318 236250 9000 30500 32395 973463 ERIC SKUFCA CHIEF FINANCIAL OFFICER 226544 58344 29172 29545 343605 SCHEDULE J, PART I, LINE 3: the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process. SCHEDULE J, PART I, LINE 7: PERFORMANCE BASED COMPENSATION IS PAID TO KEY EMPLOYEES PURSUANT TO THE EMPLOYMENT PRACTICES OF THE FOUNDATION. THIS COMPENSATION IS NOT BASED ON PERFORMANCE OF THE FOUNDATION, BUT INSTEAD IS BASED ON INDIVIDUAL PERFORMANCE OF EACH EMPLOYEE. SCHEDULE J, PART I, LINE 1-3, PART II USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR MANAGEMENT services. THE FOLLOWING INDIVIDUALS SERVED THE FDN DURING THE 2022 CALENDAR YEAR AS OFFICERS, WITHIN A CONTRACTED SERVICE ARRANGEMENT: TIMOTHY HINCHEY, CEO. cfo, eric skufca, served the foundation under a common paymaster arrangemenT BETWEEN USAs AND THE FDN; THE FDN WAS CHARGED FOR THE TIME COST OF ACCOUNTING, FINANCE, communications, creative, and human resource STAFF. SIMILAR TO PRIOR YEARS, USAs CONTRIBUTED BACK TO THE FDN THE TIME COST OF THese STAFF, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS) CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS. X AUCTION ITEMS 73 295476 MARKET VALUE 0 false false false SCHEDULE M, LINE 25: COLUMN (B) FOR LINE 25 REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1: Mission statement (continued): Whether providing grant funding to members of our lesson provider network, supporting the dreams of National Team members, or growing the sport in traditionally underserved populations, the Foundation is proud to serve as the philanthropic arm of USA Swimming. Swimming is the only sport that can save a life, and our work is critical towards making the sport an equitable space. FORM 990, PART III, LINE 4A: Saving Lives - Learn-to-Swim Initiative (continued): In 2021, that mission was expanded when U.S. Masters Swimming (USMS) moved its fundraising efforts for adult learn-to-swim programs from its USMS Swimming Saves Lives Foundation to the USA Swimming Foundation. Bringing all learn-to-swim fundraising efforts under the USA Swimming Foundation umbrella is creating greater generational impact by providing swim lessons to all ages. With the help of a network of more than 1,600 swim lesson providers and water safety advocates across the country, USA Swimming and the USA Swimming Foundation educate parents through a national awareness campaign, save lives by supporting free and reduced-cost programming and share with millions the lifesaving skill of swimming. Each year, in an effort to raise national awareness of the importance of learning to swim, the USA Swimming Foundation embarks on the Make-a-Splash Tour presented by Phillips 66. The annual tour is designed to educate the public about the importance of the lifesaving skill of swimming and how to continue water safety education in a safer way. The Tour has visited more than 60 U.S. cities since 2008. FORM 990, PART III, LINE 4B: Building Champions - National Team (continued): Travel, physical therapists, strength trainers, nutritionists, sports psychologists and other experts are essential for peak physical performance, mental wellness and positive team culture. The USA Swimming Foundation provides financial support to members of the USA Swimming National Team for the continued growth and development of those who set the world standard for excellence in the pool year after year. One of the premiere programs fostered by the USA Swimming Foundation is the Donor Athlete Partnership Program. This mentorship program focuses on athlete support in and out of the pool. By investing in leadership development, networking, career exploration and development, investors in this program support athletes with transition services and planning for life after swimming. FORM 990, PART III, LINE 4c Building Champions - Impacting Communities (continued): Through the Community Impact Grant program, USA Swimming aims to grow a diverse community of champion athletes by creating competitive opportunities within diverse communities. Grant dollars are utilized for learn-to-swim programming, scholarships, technology, equipment and administrative support. By investing in Historically Black Colleges and Universities, we aim to revitalize aquatic programming within these diverse communities by supporting new water safety education and competitive opportunities. Grant dollars are utilized for learn-to-swim programming, club travel expenses, technology and equipment and administrative support. FORM 990, PART III, LINE 4d Alumni Legacy: The USA Swimming Foundation sustains a network of National Team alumni from the 1940's to present who are passionate about giving back to the sport that gave so much to them. Alumni events are held biannually to celebrate successes and share updates about the USA Swimming Foundation. This group of former athletes are incredible stewards of the sport and continue to give back in various ways. FORM 990, PART V, LINE 2 A, 2B, PART IX, LINE 7,8,9,10: THE ORGANIZATION IS IN A COMMON PAYMASTER RELATIONSHIP WITH ITS RELATED ENTITY Usa Swimming. Usa Swimming IS THE EMPLOYER OF RECORD, FILING ALL PERTINENT TAX DOCUMENTS ON A QUARTERLY AND ANNUAL BASIS AS NEEDED INCLUDING MAKING REQUIRED TAX DEPOSITS. HOWEVER, AS THESE INDIVIDUALS MEET THE DEFINITION OF COMMON LAW EMPLOYEES, THEIR SALARIES/WAGES ARE REFLECTED ON FORM 990, PART IX, LINE 7 AS INSTRUCTED PER IRS GUIDELINES. THESE SALARY/WAGE AMOUNTS ARE ALSO reflected IN THE REPORTING ON SCHEDULE R, PART V, LINE 1, TRANSACTION TYPE "O". FORM 990, PART VI, LINE 3, and PART IX, LINE 11 A: USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR THE USE OF FACILITIES and management SERVICES. SINCE USAs AND FDN ARE RELATED ORGANIZATIONS, ALL THE COMPENSATION PAID DURING THE 2022 CALENDAR YEAR TO INDIVIDUALS SERVING AS OFFICERS OF THE FDN, WHO WERE EMPLOYED BY USAs, HAVE BEEN DETAILED OUT ON FORM 990, PART VII, SECTION A. THE FOLLOWING INDIVIDUALS SERVED THE FDN DURING THE 2022 CALENDAR YEAR AS OFFICERS, WITHIN A CONTRACTED SERVICE ARRANGEMENT: TIMOTHY HINCHEY, CEO. cfo, eric skufca, served the foundation under a common paymaster arrangemenT BETWEEN USAs AND THE FDN; THE FDN WAS CHARGED FOR THE TIME COST OF ACCOUNTING, FINANCE, communications, creative, and human resource STAFF. SIMILAR TO PRIOR YEARS, USAs CONTRIBUTED BACK TO THE FDN THE TIME COST OF THese STAFF, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS)CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS. FORM 990, PART VI, SECTION A, LINE 6: USA SWIMMING, INC. IS THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A: THE SOLE MEMBER OF THE ORGANIZATION, USA SWIMMING, INC. ELECTS ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B: USA SWIMMING'S BOARD OF DIRECTORS HAS TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS VIA EMAIL AND THEY ARE GIVEN THE OPPORTUNITY TO PROVIDE INPUT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT USA SWIMMING FOUNDATION IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE DISCLOSURE STATEMENTS SHALL BE REVIEWED BY USA SWIMMING'S GENERAL COUNSEL. ANY ISSUES NOT PREVIOUSLY DISCLOSED SHALL BE REFERRED BY HIM OR HER TO THE BOARD OR APPROPRIATE COMMITTEE. THE DISCLOSURE STATEMENTS SHALL BE RETAINED IN THE FILES OF THE GENERAL COUNSEL. AT THE BEGINNING OF EACH BOARD MEETING, BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15: the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS FORM 1023, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION WILL also PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICy AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON. FORM 990, PART VII, PAGE 7: BOARD MEMBERS MAY BE COMPENSATED FOR SERVICES PROVIDED TO THE FOUNDATION. THIS COMPENSATION IS DETERMINED BASED ON THE NORMAL PRACTICES OF THE FOUNDATION. NO BOARD MEMBER IS COMPENSATED FOR THEIR SERVICES ON THE BOARD OF DIRECTORS. FORM 990, PART VIII, LINE 1G USA SWIMMING (USAs) PROVIDED THE USA SWIMMING FOUNDATION (FDN) ACCOUNTING, FINANCE, communications, CREATIVE, and human resource STAFF UNDER A COMMON PAYMASTER AGREEMENT DURING THE 2022 YEAR, TOTALING $268,740 OF TIME COST. SIMILAR TO PRIOR YEARS, USAs FORGAVE/ CONTRIBUTED BACK TO THE FDN THIS TIME-COST VALUE OF $268,740. FOLLOWING THE IRS REPORTING REQUIREMENT, THE INKIND (NONFINANCIAL ASSET) SERVICE CONTRIBUTION OF $268,740 HAS BEEN EXCLUDED FROM THE FDN'S FORM 990 PART VIII STATEMENT OF REVENUE, AND FORM 990 PART IX FUNCTIONAL EXPENSE. THE CONTRIBUTED SERVICES ARE ALSO NOT INCLUDED ON SCHEDULE B, SCHEDULE OF CONTRIBUTORS. FORM 990 PART X, LINE 15, COLUMN A: THE BEGINNING BALANCE FOR LINE 14, INTANGIBLE ASSETS, WAS UPDATED TO REPORT $120,000 OF SWIM-A-THON INTANGIBLE ASSETS FROM LINE 15, OTHER ASSETS. FORM 990, PART XI, LINE 9: OTHER CHANGE IN NET ASSET IS - UNCOLLECTIBLE PLEDGES $37,500. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTING THE INDEPENDENT AUDITOR FOR THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. USA SWIMMING INC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 204264282 SWIMMING CO 501(C)(3) 10 NA false false true false false false false false false false false true false true true true true false true true