2023-11-14T10:28:37-06:00 2023-06-30 201766527 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS STE 150 COLORADO SPRINGS CO 80907 990 2022-07-01 161172380 USA BOBSLEDSKELETON INC USAB 7193512400 PO BOX 3726 CLARKSVILLE TN 37043 ARON MCGUIRE CEO 7193512400 2023-11-14 1 ARON MCGUIRE 999009999 0 JILL J GOODWIN CPA P00450838 7195909777 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ARON MCGUIRE PO BOX 3726 CLARKSVILLE TN 37043 3637603 0 X WWW.TEAMUSA.ORG/USA-BOBSLED-SKELETON-FEDERATION X 1977 NY USA BOBSLED/SKELETON IS RESPONSIBLE FOR PROMOTING THE SPORTS OF BOBSLED AND SKELETON IN THE UNITED STATES, AND PROMOTING THE PARTICIPATION OF U.S. ATHLETE IN ELITE INTERNATIONAL COMPETITION. USABS SUPPORTS ITS ATHLETES THROUGH RECRUITMENT, DEVELOPMENT, AND TRAINING IN THE ULTIMATE PURSUIT OF COMPETITIVE EXCELLENCE AND OLYMPIC PARTICIPATION. USABS' MISSION IS TO EMPOWER UNITED STATES ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE SUCCESS IN BOBSLED AND SKELETON AND PURSUE PERSONAL EXCELLENCE AND WELL-BEING. 15 14 20 5 0 0 3659817 3041334 900005 594493 50 -78718 2243 1232 4562115 3558341 132049 104724 0 0 1259030 1281599 51433 60184 238817 2414025 1710519 3856537 3157026 705578 401315 4841118 5766080 212680 681003 4628438 5085077 X USA BOBSLED/SKELETON IS RESPONSIBLE FOR PROMOTING THE SPORTS OF BOBSLED AND SKELETON IN THE UNITED STATES, AND PROMOTING THE PARTICIPATION OF U.S. ATHLETE IN ELITE INTERNATIONAL COMPETITION. USABS SUPPORTS ITS ATHLETES THROUGH RECRUITMENT, DEVELOPMENT, AND TRAINING IN THE ULTIMATE PURSUIT OF COMPETITIVE EXCELLENCE AND OLYMPIC PARTICIPATION. USABS' MISSION IS TO EMPOWER UNITED STATES ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE SUCCESS IN BOBSLED AND SKELETON AND PURSUE PERSONAL EXCELLENCE AND WELL-BEING. 0 0 520810 124632 MEN'S BOBSLED - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS. 541452 77829 127315 ATHLETE EXPENSE - SUPPORTED ATHLETES. 498582 120744 WOMEN'S BOBSLED - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS. 834179 26895 223034 OTHER - SKELETON - SUPPORTED TOP ATHLETES ON THE WORLD CUP TOUR AND AT THE WORLD CHAMPIONSHIPS, AND AT OTHER PRESEASON, MIDSEASON, AND POSTSEASON TRAINING PROGRAMS. DEVELOPMENT - CONDUCTED RECRUITING CAMPS TO IDENTIFY NEW ATHLETES, SUPPORTED DEVELOPMENT TRAINING PROGRAMS AND COMPETITION IN NORTH AMERICA, AND SUPPORTED TRAINING AND COMPETITION OPPORTUNITIES IN EUROPE. TECHNOLOGY - FUNDED BOBSLED AND SKELETON TECHNOLOGY AND EQUIPMENT PURCHASES TO INCLUDE NEW SLEDS, RUNNERS, SPEED SUITS, SPIKES, AND SHOP EQUIPMENT TO BUILD AND REPAIR SLEDS. CONTINUED INVESTMENT IN NEW "MADE IN THE USA" BOBSLED PROJECT. PARASPORT - SUPPORTED PARA ATHLETES TRAINING IN LAKE PLACID THROUGH A DEPT OF VA GRANT IN ADDITION TO LIMITED SUPPORT PROVIDED FOR WORLD CUP AND WORLD CHAMPIONSHIP COMPETITION. 834179 26895 223034 2395023 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 55 0 1 20 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY DC MD UT X X USA BOBSLEDSKELETON INC 7193512400 1631 MESA AVENUE COPPER BUILDING COLORADO SPRINGS CO 80906 X ROBERT BERGBAUER CHAIRMAN 10.00 X 0 0 0 RANDY ALIMENT DIRECTOR 1.00 X 0 0 0 DAVID BEST DIRECTOR 1.00 X 0 0 0 RYAN BOSCH DIRECTOR 2.00 X 0 0 0 JENNINGS BUCHANAN DIRECTOR 1.00 X 0 0 0 CHRIS DOMINGO DIRECTOR 1.00 X 0 0 0 ANN GAFFIGAN DIRECTOR 1.00 X 0 0 0 TRISTAN GALE DIRECTOR 1.00 X 0 0 0 NIC TAYLOR DIRECTOR 1.00 X 0 0 0 SAVANNAH GRAYBILL DIRECTOR 1.00 X 0 0 0 KAILLIE HUMPHRIES ARMBRUSTER DIRECTOR 1.00 X 0 0 0 CHRIS KINNEY DIRECTOR 1.00 X 0 0 0 BROCK KREITZBURG DIRECTOR 1.00 X 0 0 0 PAUL POGGE DIRECTOR 1.00 X 0 0 0 JEAN PRAHM DIRECTOR 1.00 X 0 0 0 H MAC RILEY DIRECTOR 1.00 X 0 0 0 MICHAEL REGAN DIRECTOR 1.00 X 0 0 0 JAVIER SAN MIGUEL ADVISORY DIRECTOR 1.00 X 0 0 0 JENNIFER DONNELLY ADVISORY DIRECTOR 1.00 X 0 0 0 LEN FARBER ADVISORY DIRECTOR 1.00 X 0 0 0 ARON MCGUIRE CEO 50.00 X 186390 0 29217 186390 0 29217 1 0 1 0 0 64906 605486 2370942 92745 3041334 CORPORATE SPONSORSHIP 900099 475012 475012 OTHER PROGRAM FEES 900099 53107 53107 USOPC MEDIA AGREEMENT 900099 50000 50000 MEMBERSHIP DUES 900099 16374 16374 594493 544 544 1232 1232 79262 -79262 -79262 -79262 3558341 595725 0 -78718 104724 104724 226634 104944 104944 16746 915715 607926 232941 74848 14094 5707 6138 2249 44256 27430 16775 51 80900 53426 20641 6833 926 926 16860 16860 60184 60184 98244 74988 23256 55685 5399 50286 25001 25001 3193 3193 531099 529802 639 658 36486 17744 18742 6 6 396764 396764 137743 95972 41771 EQUIPMENT 129184 128834 350 SLED SHIPPING 123055 123055 BOBSLED EXPENSES 85137 85137 OTHER 30292 21354 5582 3356 40844 17216 23628 3157026 2395023 523186 238817 1043822 999764 518581 1219125 568647 126449 52897 71740 61529 4187298 2674312 1784344 1512986 1285392 1339541 10290 11091 500 500 4841118 5766080 190966 60926 10810 101759 10904 518318 212680 681003 X 3308205 3637532 1320233 1447545 4628438 5085077 4841118 5766080 X 401315 1175 54149 X X 0 1 X 1 0 X 2924678 2431848 2804234 3659817 3041334 14861911 158692 578379 619684 902248 594493 2853496 3083370 3010227 3423918 4562065 3635827 17715407 60290 63448 46000 53750 51550 275038 245099 323601 309752 97515 975967 60290 308547 369601 363502 149065 1251005 16464402 58 7 43 50 1776 1934 58 7 43 50 1776 1934 3083428 3010234 3423961 4562115 3637603 17717341 0.92930 0.93560 0.00010 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1295571 54149 1349720 1611721 -316150 1295571 1316448 295273 1611721 1443204 -126756 1316448 1445772 -2568 1443204 1.00000 1 1 1 74848 41932 32916 4112450 2632380 1480070 1512986 REFUNDABLE ADVANCE 518318 518318 X 3731337 55324 117672 172996 3558341 0 3558341 3274698 117672 117672 3157026 0 3157026 PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE FOUNDATION IS A DISREGARDED ENTITY FOR TAX PURPOSES AND AS SUCH, IS INCLUDED IN THE CORPORATION'S TAX RETURN. THE CORPORATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE DATE THEY WERE FILED. MANAGEMENT OF THE CORPORATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES AND FUNDRAISING WORLD CUP, INTERCONTINENTAL CUP, EUROPA CUP, BOBSLED AND SKELETON TECHNOLOGY/EQUIPMENT 409178 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES AND FUNDRAISING NORTH AMERICA CUP, INTERCONTINENTAL CUP, BOBSLED AND SKELETON TECHNOLOY/EQUIPMENT 89832 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES AND FUNDRAISING INTERNATIONAL TRAINING, OLYMPIC GAMES 5305 0 0 0 0 0 0 504315 0 504315 0 0 0 0 0 0 PART I, LINE 3: THE CORPORATION KEEPS DETAILED RECEIPTS FOR ALL EXPENDITURES IN THE VARIOUS REGIONS. PART III ACCOUNTING METHOD: 0 CEIL FOLZ CONSULTING PO BOX 1677 EDWARDS CO 81632 TO DEVELOP FUNDRAISING STRATEGIES WITH THE FOUNDATION BOARD 0 109256 60184 49072 109256 60184 49072 NY CO UT DC 1 UNDER ARMOUR INCENTIVES 6 3750 CASH IBSF PRIZES 12 54382 CASH IBSF CONTRIBUTIONS 52 19696 CASH DEVELOPMENT ATHLETE STIPENDS 30 26895 CASH PART I, LINE 2: THE CORPORATION DID NOT PROVIDE ACTUAL GRANT FUNDING BUT RATHER PROVIDES ASSISTANCE IN THE FORM OF INCENTIVES AND PRIZE MONEY. THE CORPORATION DOES NOT NEED TO MONITOR THE USE OF THESE FUNDS. 1 X X X X 0 0 0 0 0 0 0 0 0 ARON MCGUIRE CEO 186390 0 0 0 0 0 5592 0 23625 0 215607 0 0 0 PART I, LINE 3 CEO REVIEW & COMPENSATION COMMITTEE CONDUCTS FORMAL REVIEWS AND NEGOTIATES CONTRACT BASED ON COMPARABILITY DATA X APPAREL 1 57500 FMV OF DONATED ITEMS X MISCELLANEOUS GOODS 3 18414 FMV OF DONATED ITEMS X SLED MATERIALS 1 9801 FMV OF DONATED ITEMS X SPEED SUIT 1 7030 FMV OF DONATED ITEMS 0 1 0 PART I, COLUMN (B): THE NUMBER LISTED IS THE ACTUAL NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 THIS CORPORATION IS A MEMBER ORGANIZATION. THERE ARE TWO CATEGORIES OF MEMBERSHIP, INDIVIDUAL AND ORGANIZATION. INDIVIDUAL CATEGORIES ARE ATHLETE, TECHNICAL, SUSTAINING, OLYMPIC AND GENERAL. ORGANIZATION CATEGORIES ARE CLUB ORGANIZATION AND NATIONAL ORGANIZATION. ATHLETE, TECHNICAL, CLUB ORGANIZATION AND NATIONAL ORGANIZATION MEMBERS HAVE VOTING PRIVILEGES IN ELECTIONS FOR BOARD OF DIRECTORS. ALL MEMBERS HAVE VOTING PRIVILEGES ON MANEDMENT TO BYLAWS OR CERTIFICATE OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THREE ATHLETE DIRECTORS ARE ELECTED BY ATHLETE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B IF A CHANGE IN THE BYLAWS IMPACTS A PARTICULAR MEMBERSHIP CLASS, THEN THAT CHANGE REQUIRES THE CONSENT OF THE RESPECTIVE MEMBERSHIP CLASS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE BOARD'S AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL MEET WITH THOSE INVOLVED IN THE PREPARATION OF THE TAX RETURN AND WILL THEN REPORT ITS FINDINGS TO THE BOARD AND THE EXECUTIVE MANAGEMENT TEAM. THE APPROVED RETURN WILL THEN BE FILED. FORM 990, PART VI, SECTION B, LINE 12C IF ANY OFFICER, DIRECTOR, DELEGATE, COUNCIL OR COMMITTEE MEMBER OF THE CORPORATION HAS ANY DIRECT OR INDIRECT RELATIONSHIP WITH ANY INDIVIDUAL OR ORGANIZATION THAT PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE CORPORATION SUCH PERSON IS REQUIRED TO GIVE NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM DISCUSSING OR VOTING ON THE PARTICULAR TRANSACTION IN WHICH HE HAS AN INTEREST, OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE FEDERATION, OR ITS COMPONENTS TO AFFECT A DECISION TO PARTICIPATE OR NOT TO PARTICIPATE IN SUCH TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE CEO WAS DETERMINED BY A COMPENSATION COMMITTEE. THEY EVALUATE THE CEO'S PERFORMANCE AGAINST HIS WRITTEN OBJECTIVES, CONSIDERED THE COMPENSATION GUIDELINES/REQUIREMENTS STATED IN HIS EMPLOYEE CONTRACT, AND ALSO CONSIDERED DATA GATHERED REGARDING SIMILAR CEO COMPENSATION PACKAGES FOR OTHER NATIONAL GOVERNING BODIES AS PROVIDED BY THE USOPC. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE POSTED ON THE WEB SITE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A ATHLETE REPRESENTATIVES ON THE BOARD MAY RECEIVE ATHLETE INCENTIVE PAY, AS WELL AS REIMBURSEMENTS. NO BOARD MEMBER IS PAID FOR THEIR SERVICE ON THE BOARD OF DIRECTORS. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN THE UNITED STATES BOBSLED & SKELETON 54,149. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. US BOBSLED AND SKELETON FOUNDATION 1631 MESA AVE COLORADO SPRINGS CO 80906 462111448 SUPPORTING ORGANIZATION CO USA BOBSLEDSKELETON INC UNITED STATES BOBSLED AND SKELETON FEDERATION TRUST 16 HOLDEN AVENUE PERU NY 12972 223120775 TO SUPPORT USA BOBSLED/SKELETON, INC. NY 501(C)(3) LINE 12C, III-FI 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 USBSF TRUST S 64906 DISTRIBUTIONS PER TRUST BYLAW USBS FOUNDATION Q 19767 REIMBURSEMENT OF EXPENSES USBS FOUNDATION C 62500 ANNUAL SUPPORT CONTRIBUTION USBS FOUNDATION S 36000 TRANSFER OF DONATIONS USBS FOUNDATION R 10835 TRANSFER OF DONATIONS USBS FOUNDATION P 797 REIMBURSEMENT OF EXPENSE