2023-06-23T18:43:46-05:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 800939841 UNITED STATES OLYMPIC AND PARALYMPIC FOUNDATION UNIT 7198664541 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 MORANE B KEREK TREASURER 7198664541 2023-06-23 1 MORANE KEREK XXX-XX-XXXX 0 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTINE V WALSH 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 46768958 0 X WWW.TEAMUSA.ORG X 2013 CO TO GENERATE PHILANTHROPIC SUPPORT FOR THE USOPC. 36 35 0 36 0 0 50071859 41446634 0 0 2602530 680941 -2728144 -249144 49946245 41878431 33805501 63472311 0 0 0 0 623968 472191 9124301 10563318 11883125 44992787 75827627 4953458 -33949196 53358562 54992411 16052850 56012280 37305712 -1019869 X TO GENERATE PHILANTHROPIC SUPPORT FOR THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (USOPC) WHOSE MISSION IS TO EMPOWER TEAM USA ATHLETES TO ACHIEVE SUSTAINED COMPETITIVE EXCELLENCE AND WELL-BEING. 1 0 35966617 35966617 THE USOPF, IN PARTNERSHIP WITH THE USOPC AND THE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028, IS EMBARKING ON A COMPREHENSIVE CAMPAIGN TO GENERATE PHILANTHROPIC SUPPORT FOR THE ATHLETES WHO WILL REPRESENT TEAM USA ON HOME SOIL AT THE 2028 OLYMPIC AND PARALYMPIC GAMES. THIS COMPREHENSIVE CAMPAIGN IS A MULTI-YEAR EFFORT THAT WILL COMBINE EXISTING FUNDRAISING PRIORITIES WITH A NEW SET OF ASPIRATIONAL FUNDING NEEDS, ACCELERATING THE IMPACT ON TEAM USA. THE PHILANTHROPIC STRATEGY AGREEMENT DETAILING THIS PARTNERSHIP WAS SIGNED IN 2022 AND OFFICIALLY GRANTED THE USOPF FUNDRAISING RIGHTS FOR THE LA28 GAMES. 27505694 27505694 THE UNITED STATES OLYMPIC & PARALYMPIC FOUNDATION (USOPF) GRANTED FUNDS TO THE U.S. OLYMPIC & PARALYMPIC COMMITTEE FOR FURTHER SUPPORT OF TEAM USA ATHLETES. THIS SUPPORT INCLUDED PROGRAMS IMPACTING ATHLETE EXCELLENCE, SPORT ADVACEMENT, AND COMMUNITY GROWTH. 63472311 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 36 35 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WV WI X X MORANE B KEREK 7198664823 1 OLYMPIC PLAZA COLORADO SPRINGS CO 809095746 SARAH C HIRSHLAND EX-OFFICIO AS CEO OF USOPC 11.00 44.00 X 0 1140343 35604 GORDON CRAWFORD CHAIR THRU 09/2022; DIRECTOR 5.00 0.00 X X 0 0 0 MICHAEL CARTER INTERIM CHAIR (AS OF 10/2022) 5.00 0.00 X X 0 0 0 DWIGHT W ANDERSON DIRECTOR 0.50 0.00 X 0 0 0 TRACEY EDWARD BENFORD DIRECTOR 0.50 0.00 X 0 0 0 JAMES M BENSON DIRECTOR 0.50 0.00 X 0 0 0 ERYN MICHAEL BINGLE DIRECTOR (AS OF 02/2022) 0.50 0.00 X 0 0 0 KEVIN CLIFFORD DIRECTOR 0.50 0.00 X 0 0 0 ROBERT L MOLLY COHEN DIRECTOR 0.50 0.00 X 0 0 0 PHILIP CORBOY DIRECTOR 0.50 0.00 X 0 0 0 BRIAN DEEVY DIRECTOR 0.50 0.00 X 0 0 0 ANDIE DOYLE DIRECTOR 0.50 0.00 X 0 0 0 JACQUELINE CHRISTIAN ERDMAN DIRECTOR 0.50 0.00 X 0 0 0 JOANIE HALL DIRECTOR 0.50 0.00 X 0 0 0 LAURI HUGHES DIRECTOR (AS OF 02/2022) 0.50 0.00 X 0 0 0 JULIE GARY KILLIAN DIRECTOR 0.50 0.00 X 0 0 0 ROBIN COURT LORENZINI DIRECTOR 0.50 0.00 X 0 0 0 JOHN W LYNDA MARREN DIRECTOR 0.50 0.00 X 0 0 0 ROBERT LOVELACE ALICIA MINANA DIRECTOR 0.50 0.00 X 0 0 0 THOMAS M JOY A MISTELE DIRECTOR 0.50 0.00 X 0 0 0 MARI NAKACHI DANIEL SIMKOWITZ DIRECTOR 0.50 0.00 X 0 0 0 SHEILA WILLIAM WALKER DIRECTOR 0.50 0.00 X 0 0 0 KEVIN ERICA PENN DIRECTOR 0.50 0.00 X 0 0 0 BRAD TRACEY POWELL DIRECTOR 0.50 0.00 X 0 0 0 MARIE JOHN QUEEN DIRECTOR (AS OF 02/2022) 0.50 0.00 X 0 0 0 MICHAEL RAY DIRECTOR 0.50 0.00 X 0 0 0 GARY E YUCCA RIESCHEL DIRECTOR 0.50 0.00 X 0 0 0 JOHNATHAN ROBERTSON DIRECTOR 0.50 0.00 X 0 0 0 SUSAN SCHNABEL ED PLUMMER DIRECTOR 0.50 0.00 X 0 0 0 DMITRI LISA SHKLOVSKY DIRECTOR 0.50 0.00 X 0 0 0 BARRY STERNLICHT DIRECTOR 0.50 0.00 X 0 0 0 MARK MARY STEVENS DIRECTOR 0.50 0.00 X 0 0 0 STEVEN F STRANDBERG DIRECTOR 0.50 0.00 X 0 0 0 BENJAMIN SUTTON JR DIRECTOR 0.50 0.00 X 0 0 0 LORI MARTIN WEINSTEIN DIRECTOR 0.50 0.00 X 0 0 0 GEOFF YANG DIRECTOR 0.50 0.00 X 0 0 0 SUSANNE D LYONS EX-OFFICIO 0.50 0.00 X 0 0 0 CHRISTINE V WALSHE PRESIDENT 55.00 0.00 X 0 424679 15575 MORANE B KEREK TREASURER 3.00 52.00 X 0 388170 46781 KATHERINE DESTEFANO SECRETARY 24.00 24.00 X 0 184572 19063 CHRISTOPHER MCCLEARY FORMER SECRETARY 0.00 55.00 X 0 553828 41242 0 2691592 158265 0 1 1 0 ON LOCATION EXPERIENCES 245 FIFTH AVENUE NEW YORK NY 10020 HOSPITALITY SERVICES 9247257 US OLYMPIC & PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 MANAGEMENT FEES 5168552 MIGHTYHIVE INC 28865 NETWORK PLACE CHICAGO IL 606731288 WEBSITE SERVICES 525115 DONOR VOICE 11710 PLAZA AMERICA RESTON VA 20190 FUNDRAISING SERVICES 402157 OPENDORSE INC 1320 Q STREET LINCOLN NE 68508 ATHLETE APPEARANCES 163847 7 124532 12606416 28715686 3900542 41446634 680941 680941 6561 6561 3778055 3778055 0 0 856767 124532 1112472 -255705 -255705 41878431 0 0 431797 63472311 63472311 5168552 2056796 3111756 11345 11345 472191 472191 1187504 143709 1043795 153567 6406 147161 59412 37709 21703 296664 24524 272140 1558899 323115 1235784 316030 152186 163844 POSTAGE AND SHIPPING 1980866 1624 1979242 GAMES EXPENSES 946922 357852 589070 DUES, SUBS & PROF LICEN 130467 96532 33935 ALL OTHER EXPENSES 72897 19217 53680 75827627 63472311 3231015 9124301 20332231 23061345 240650 6518279 620569 301842 67288 266131 9401828 15521877 11498652 10177552 10160567 0 182162 53358562 54992411 2268080 8545459 13713799 18397496 70971 29069325 16052850 56012280 X 909041 -41182239 36396671 40162370 37305712 -1019869 53358562 54992411 -33949196 -4434823 58438 0 X 0 1 X 1 0 X 36905439 39805877 39601456 50071859 41446634 207831265 36905439 39805877 39601456 50071859 41446634 207831265 5135644 202695621 224299 453232 1869945 2611498 687502 5846476 9558 1569573 856767 2435898 216113639 0.93790 0.93430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2020 AMOUNT: $ 9,558. 2021 AMOUNT: $ 48,817. 2022 AMOUNT: $ 856,767. OTHER REVENUE FOR HOSPITALITY PROGRAM - 2021 AMOUNT: $ 1,520,756. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 36396671 16896981 -3952172 9179110 40162370 24544757 14037130 4036802 6222018 36396671 12930573 23396356 2970543 14752715 24544757 13207750 24458688 1355285 26091150 12930573 12755298 22832538 237313 22617399 13207750 0.45990 0.54010 0 1 1 0 ALTERNATIVE SECURITIES 10160567 F 10160567 LA28 GRANT PAYABLE 29069325 29069325 X PART III, LINE 4: THE USOPF, ON BEHALF OF THE USOPC, ACCEPTS DONATIONS OF HISTORICAL OLYMPIC TORCHES, OLYMPIC AND PARALYMPIC MEDALS AND OTHER OLYMPIC AND PARALYMPIC ARTIFACTS, WHICH HELP PRESERVE THE HISTORY OF THE OLYMPIC AND PARALYMPIC MOVEMENT IN THE UNITED STATES. PART V, LINE 4: ENDOWMENT THE ENDOWMENT FUNDS ARE HELD BY THE UNITED STATES OLYMPIC & PARALYMPIC ENDOWMENT, AN INDEPENDENT NONPROFIT CORPORATION, AND ARE USED TO SUPPORT THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE IN FURTHERING SUPPORT OF TEAM USA ATHLETES. PART X, LINE 2: FIN 48 (ASC) FOOTNOTE THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). THE FOUNDATION IS ALSO A PUBLIC CHARITY UNDER IRC SECTION 509(A). THE FOUNDATION DID NOT HAVE MATERIAL AMOUNTS OF UNRELATED BUSINESS TAXABLE INCOME DURING THE YEAR ENDED DECEMBER 31, 2022. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE-LIKELY-THAN-NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 FUNDRAISING N/A 9472 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 FUNDRAISING N/A 120306 SOUTH AMERICA 0 0 FUNDRAISING N/A 170 0 0 0 0 0 0 129948 0 129948 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 1 DONOR VOICE 11710 PLAZA AMERICA RESTON VA 20190 ANNUAL CAMPAIGN FUND 0 0 402157 0 FORWARD PMX ONE WORLD TRADE CENTER NEW YORK NY 10007 ANNUAL CAMPAIGN FUND 0 0 70034 0 472191 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WI WV WY SILENT AUCTION 179429 124532 54897 PARK CITY 344129 344129 997156 2 457741 457741 115316 981299 124532 856767 1112472 1112472 -255705 PART I, LINE 2B, COLUMN IV CAMPAIGN REVENUE PROFESSIONAL FUNDRAISERS ASSIST WITH THE OVERALL ORGANIZATION AND STRATEGY OF USOPF'S ANNUAL FUND CAMPAIGN. AS A RESULT, GROSS RECEIPTS FROM THE ACTIVITY ARE NOT ALLOCATED TO EACH PROFESSIONAL FUNDRAISING SERVICE. REVENUES FOR THE CAMPAIGN TOTALED $3,155,139. PART II, LINE 1, COLUMN C AS PART OF ONGOING OPERATIONS, THE USOPF DEVELOPS A HOSPITALITY PROGRAM ANCHORED AROUND EACH OLYMPIC GAMES (GAMES). DUE TO THE BAN ON SPECTATORS AT THE BEIJING GAMES, THE USOPF CREATED A DOMESTIC HOSPITALITY PROGRAM. DONORS PURCHASED PACKAGES FROM THE USOPF THAT OFFERED ACCOMMADATIONS AND UNIQUE EXPERIENCES IN PARK CITY, UTAH CENTERED AROUND TEAM USA AND THE GAMES. THE USOPF ALSO OFFERED NON-GAMES RELATED HOSPITLAITY IN 2022. DONORS PURCHASED PACKAGES TO SUPPORT TEAM USA TRACK AND FIELD ATHLETES AT THE WORLD ATHLETIC CHAMPTIONSHIOPS IN EUGENE, OREGON. THESE PACKAGES INCLUDING TICKETS, HOTEL ACCOMMODATIONS, MEALS, AND TRANSPORTATION. 1 UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 501(C)(3) 27505694 0 PROGRAM SUPPORT LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 10900 WILSHIRE BLVD STE 700 LOS ANGELES CA 90024 472018941 501(C)(3) 35966617 0 PROGRAM SUPPORT 2 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL CONTRIBUTIONS RECEIVED BY THE USOPF ARE GRANTED TO THE USOPC FOR ATHLETE RELATED PROGRAMS. THE USOPF TRANSFERS RESTRICTED GRANTS TO THE USOPC UPON CASH RECEIPT OF A RESTRICTED GIFT. THE USOPC RELEASES FUNDS ONCE IT HAS SUBSTANTIATED THAT ANY DONOR IMPOSED RESTRICTIONS ON THE CONTRIBUTIONS HAVE BEEN SATISFIED BY THE USOPC. 0 0 0 0 0 0 0 0 0 SARAH C HIRSHLAND EX-OFFICIO AS CEO OF USOPC 0 695633 0 422500 0 22210 0 15250 0 20354 0 1175947 0 0 CHRISTOPHER MCCLEARY FORMER SECRETARY 0 440441 0 113387 0 0 0 15250 0 25992 0 595070 0 0 CHRISTINE V WALSHE PRESIDENT 0 309430 0 94412 0 20837 0 15250 0 325 0 440254 0 0 MORANE B KEREK TREASURER 0 299890 0 87560 0 720 0 15250 0 31531 0 434951 0 0 KATHERINE DESTEFANO SECRETARY 0 155764 0 28702 0 106 0 7710 0 11353 0 203635 0 0 PART I, LINE 3 THE PRESIDENT 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. X 30 3778055 SELLING PRICE X 5 0 FMV X AUCTION ITEMS 26 122487 FMV 0 1 1 PART I, COLUMN (B): THE NUMBERS LISTED IN PART 1, COLUMN (B) REFLECT THE NUMBER OF CONTRIBUTIONS FOR EACH ITEM. PART I, LINE 32B: THE FOUNDATION HAS RETAINED THE SERVICES OF MERILL LYNCH TO SELL THE SECURITIES IT RECEIVES AS CONTRIBUTIONS. FORM 990, PART III, LINE 2 IN 2022, THE USOPF GRANTED FUNDS TO LA28 IN SUPPORT OF THE COMPREHENSIVE CAMPAIGN LEADING UP TO THE OLYMPIC & PARALYMPIC GAMES. IN 2022 THE USOPF LAUNCHED THE WOMEN'S CIRCLE, WHICH BRINGS TOGETHER BUSINESSWOMEN, PHILANTHROPISTS AND SPORTS ENTHUSIASTS, HOUSEHOLD CEOS AND RETIREES FOR SPECIAL ENGAGEMENT OPPORTUNITIES AND CONVERSATIONS ABOUT WOMEN IN SPORT, ALL WHILE CREATING A RELIABLE SOURCE OF FUNDING FOR TEAM USA'S WOMEN ATHLETES TO SUPPORT THEIR ENDEAVORS ON AND OFF THE FIELD OF PLAY. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE THE FOUNDATION SHALL HAVE AS A STANDING COMMITTEE AN EXECUTIVE COMMITTEE CONSISTING 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 SHALL EACH BE ONE OF THE APPOINTEES SERVING ON SUCH COMMITTEE. THE PRESIDENT OF THE FOUNDATION SHALL SERVE AS STAFF LIAISON TO THE EXECUTIVE COMMITTEE, PARTICIPATING IN ALL EXECUTIVE COMMITTEE MEETINGS, BUT SHALL HAVE NO VOTING RIGHTS AND NOT COUNT TOWARDS ANY QUORUM REQUIREMENTS. WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS OF THE BOARD OF DIRECTORS, EXCEPT TO THE EXTENT, IF ANY, THAT SUCH AUTHORITY SHALL BE 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 CONTAINED HEREIN, NEITHER THE EXECUTIVE COMMITTEE NOR ANY OTHER COMMITTEE SHALL HAVE 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 BUSINESS AND AFFAIRS OF THE USOPF ARE MANAGED BY OR UNDER THE DIRECTION OF THE USOPF BOARD. THE ACTIVITIES OF THE USOPF BOARD SHALL BE LIMITED TO FUNDRAISING, AND MAINTAINING AND INVESTING ENDOWMENT FUNDS, FOR THE BENEFIT OF THE MEMBER. ANY ACTION REQUIRED OR PERMITTED TO BE TAKEN AT A MEETING OF THE MEMBERSHIP MAY BE TAKEN WITHOUT A MEETING IF A CONSENT IN WRITING, SETTING FORTH SUCH ACTION IS SIGNED BY THE MEMBER, AND SUCH WRITTEN CONSENT IS FILED WITH THE MINUTES OF THE PROCEEDINGS OF THE MEMBERSHIP. THE SOLE MEMBER, USOPC, MAY TAKE ANY LAWFUL ACTION ON BEHALF OF THE USOPF SO LONG AS IN WRITING. 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: APPOINTMENT OF COMMITTEE MEMBERS; ELECTION OF NEW BOARD MEMBERS, ETC. 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 MEET OR CONDUCT TELEPHONE CONFERENCES WITH THE USOPF'S BOARD MEMBERS TO ADDRESS ANY QUESTIONS OR CONCERNS. THE TREASURER WILL TAKE IMMEDIATE ACTION TO ADDRESS ANY OUTSTANDING MATTERS PRIOR TO FILING RESULTING FROM THE FINANCE COMMITTEE REVIEW AND FULL BOARD REVIEW. THE FINANCE COMMITTEE FORMALLY APPROVES THE COMPLETE 990 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 ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST THROUGH A VOLUNTARY DISCLOSURE PROCESS. ANY POTENTIAL CONFLICTS REPORTED BY BOARD MEMBERS OR OFFICERS ARE REVIEWED BY THE USOPF PRESIDENT, USOPF SECRETARY, AND THE ETHICS OFFICER OF THE USOPC. 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 AND PAID BY THE USOPC AND THEREFORE USOPF UTILIZES THE COMPENSATION SETTING POLICIES OF THE USOPC. COMPENSATION SETTING PRACTICES INCLUDE THE USE OF A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABLE DATA FROM FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS AND APPROVAL BY THE BOARD OR A COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE THE USOPF'S BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE ON THE USOPF'S WEBSITE. ALL OTHER DOCUMENTS ARE MADE AVAILABLE TO THE EXTENT REQUIRED BY LAW. US OLYMPIC & PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 ATH. SUPPORT CO 501(C)(3) LINE 7 N/A 0 UNITED STATES OLYMPIC & PARALYMPIC ENDOWMENT 1631 MESA AVENUE SUITE A COLORADO SPRINGS CO 80906 742327838 ENDOWMENT CO 501(C)(3) LINE 12A, I N/A 0 CHARITABLE REMAINDER TRUST (1) 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 TRUST CO USOPF T 2332 113479 1.00000 1 USOC HOSPITALITY SERVICOS COMERCIO AVENIDA VIEIRA SOUTO NO 22 IPANEMA BR PROMOTE OLYMPICS BR USOPC C 0.01000 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 SCHEDULE R, PART II THE USOPF HAS ENTERED INTO A SERVICE AGREEMENT WITH THE USOPC, A RELATED PARTY, FOR THE PURPOSES OF OBTAINING THE USE OF CERTAIN SERVICES, PERSONNEL, ASSETS AND FACILITIES, AND THE LIMITED RIGHT TO LICENSE AND USE CERTAIN INTELLECTUAL PROPERTY OF THE USOPC, TO ASSIST AND/OR FACILITATE THE USOPF IN THE PERFORMANCE OF ITS FUNDRAISING MISSION. THE USOPC PROVIDED A GRANT TO THE USOPF TO UNDERWRITE THE USOPF'S GENERAL, ADMINISTRATIVE AND FUNDRAISING EXPENSES.