2023-11-09T12:37:17-06:00 2022-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2022-01-01 204264282 USA Swimming Inc % THE ORGANIZATION USAS 7198664578 1 Olympic Plaza Colorado Springs CO 80909 Eric Skufca CFO 7198663576 2023-11-15 true Eric Skufca 999009999 DOREEN B MERZ P00841439 7196301186 2022 2023-04-26 12:10:37Z timothy hinchey 1 Olympic Plaza Colorado Springs CO 80909 74541576 false 5367 X WWW.USASWIMMING.ORG X 2005 CO NATIONAL GOVERNING BODY FOR THE SPORT OF SWIMMING. WE ADMINISTER COMPETITIVE SWIMMING IN ACCORDANCE WITH THE TED STEVENS OLYMPIC & AMATEUR SPORTS ACT. 15 14 99 1000 1615000 0 9735092 8012805 24675249 27790555 2671887 1714814 -86614 -203675 36995614 37314499 4101874 3592724 0 0 10972666 11351456 0 0 0 21457152 32558484 36531692 47502664 463922 -10188165 60604222 48102031 21354144 26518258 39250078 21583773 X USA SWIMMING PROVIDES PROGRAMS AND SERVICES FOR OUR MEMBERS,SUPPORTERS, AFFILIATES, AND THE INTERESTED PUBLIC. WE VALUE THESE members OF THE SWIMMING COMMUNITY, AND THE STAFF AND VOLUNTEERS WHO SERVE THEM. continued on sch o. false false 8394345 801825 0 National Team: The United States embarked on a record-setting, 45-medal performance (17 of which were gold) at the 2022 FINA World Championships in Budapest, Hungary. The total medal count engulfed the competition and set a record for the most medals in the swimming pool in competition history. The U.S. captured "Team of the Meet" honors after its 46-medal showing at the 2022 Junior Pan Pacific Championships, 19 of them gold. 5040413 2516076 Commercial: Creative & Productions: Video production continued in earnest for swimming-specific and sponsor-related custom content series, as well as broadcasts of national-level meets on both usaswimming.org and NBC platforms. Identity, event, and organizational design work supported all critical marketing, partner, and branding efforts from international events to grassroots initiatives. Continued, see Schedule O. 6338698 744462 Events: In 2022, USA Swimming hosted multiple major events across many levels of the sport, highlighted by the April Phillips 66 International Team Trials in Greensboro, NC, the July Phillips 66 National Championships in Irvine, CA, the FINA Swimming World Cup in Indianapolis, IN and the Toyota U.S. Open Championships both held in November. continued, see schedule o. 3699356 risk management 8810946 2790899 23234255 sport development 12510302 2790899 23234255 32283758 true true false false false false false false false true true false false false true true false true false false true false false false true false false true true true false false false false false false false false true false false false false true true true false false true 344 0 99 true true true false false false false true true false false false false false false X 15 14 false false true false true true true true true false true true true true true true true true true true true true AL AR CA CO 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 THE ORGANIZATION 7198664578 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 X Timothy Hinchey President & CEO 35.0 5.0 X 910568 0 62895 Katie McRoberts Chief Administrative Officer 40.0 0.0 X 359948 0 40678 Lindsay Mintenko National Team 40.0 0.0 X 293927 0 52951 Shana Ferguson Chief Commercial Officer 40.0 0.0 X 296402 0 50308 Joel Shinofield Sport Development 40.0 0.0 X 282938 0 60668 Eric Skufca Chief Financial Officer 35.0 5.0 X 284888 0 58717 Michelle Steinfeld Secretary & General Counsel 40.0 0.0 X 265688 0 19088 Michael Meadows Sport Development 40.0 0.0 X 180402 0 26376 Matthew Lupton Commerical 40.0 0.0 X 151921 0 47455 Mariejo Truex Sport Development 40.0 0.0 X 152164 0 43119 Bruce Gemmell Director 8.0 0.0 X 21430 0 0 Christopher Brearton board chair 32.0 0.0 X X 0 0 0 Kenneth Chung vice chair fiscal oversight 16.0 0.0 X X 0 0 0 Kathleen Fish board vice chair 16.0 0.0 X X 0 0 0 Katy Arris-Wilson Director (from 9/2022) 8.0 0.0 X 0 0 0 Anthony Ervin Director 8.0 0.0 X 0 0 0 Maya Dirado Andrews Director 8.0 0.0 X 0 0 0 Jennifer Gibson Director (to 9/2022) 8.0 0.0 X 0 0 0 Natalie Coughlin-Hall Director 8.0 0.0 X 0 0 0 Clark Hammond Director 8.0 0.0 X 0 0 0 Ira Klein Director 8.0 0.0 X 0 0 0 Katie Meili Director 8.0 0.0 X 0 0 0 Kathleen Prindle Director 8.0 0.0 X 0 0 0 William Schalz Director 8.0 0.0 X 0 0 0 Robert Vincent Director 8.0 0.0 X 0 0 0 Ashley Twichell Wall Director 8.0 0.0 X 0 0 0 3200276 0 462255 24 false true false Dodd Technologies 720 West Pioneer Trace Suite 200 PENDLETON CO 46064 Event Production 2043593 Catalyte Inc 502 S Sharp St Suite 2200 BALTIMORE MD 21201 IT 1950490 Eclipse Productions 605 Manns Harbor Dr APOLLO BEACH FL 33572 EVENT PRODUCTION 1137333 Take it Live Media 26752 Oake Ave Suite L CANYON COUNTRY CA 91315 Streaming Services 366755 Instructure Inc 6330 South 3000 East Suite 700 SALT LAKE CITY UT 84121 Education Platform 350202 15 494832 1483150 6034823 693409 8012805 MEMBERSHIP INCOME 900099 23234255 23234255 EVENTS 711300 744462 744462 SPONSORS, SUPPLIES & LICENSEE 900099 1926838 1926838 RELATED AFFILIATE RENTAL INCOME 531120 270000 270000 SPONSORS-ADVERTISING 541800 1615000 1615000 27790555 1196621 1196621 0 134025 134025 0 0 0 36893124 0 36278894 96037 614230 -96037 518193 518193 329228 494832 852146 -522918 -522918 0 0 0 0 0 0 OTHER INCOME 900099 185218 185218 185218 37314499 26494798 1615000 1191896 X 801825 801825 2790899 2790899 0 0 2370610 1593175 777435 0 6782873 4509227 2273646 493405 358373 135032 1125684 830446 295238 578884 428712 150172 0 6146656 42818 6103838 30950 30950 0 0 93373 93373 4689508 4072976 616532 0 1339314 1285908 53406 1020406 402393 618013 0 790182 680207 109975 4865992 4472616 393376 0 10000 10000 109496 109496 0 1644173 1530437 113736 6895284 3695284 3200000 TV & VIDEO PRODUCTION 1569658 1564156 5502 DUES, FEES, SUBSCRIPTIONS 1260074 1153456 106618 GEAR, EQUIP, APPAREL, SIGN. 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0.03350 X 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 0.00000 false true true 1966997 1227636 739361 77287 77287 0 1316343 791096 525247 9825207 6835233 2989974 4254582 0 INSURANCE LOSS RESERVE 686478 686478 X 29620556 -7478140 -7478140 37098696 93373 122430 215803 37314499 47286861 47286861 93373 122430 215803 47502664 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 USA SWIMMING foundation, a related organization, holds endowment funds for the benefit of usa swimming. 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: USA Swimming and the Foundation are exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, these entities qualify for the charitable contribution deduction and have been classified as organizations that are not private foundations. The Organization believes that it does not have any uncertain tax positions that are material to the consolidated financial statements. schedule d, part xi, line 4d Other change: $122,430 Collection of bad debts, reclassified from expense in audited financial statements to revenue for tax return. schedule d, part ii, line 4d Other change: $122,430 Collection of bad debts, reclassified from expense in audited financial statements to revenue for tax return. East Asia and the Pacific 0 0 Program Services TRAVEL EXPENSES 260119 Europe (Including Iceland and Greenland) 0 0 Program Services TRAVEL EXPENSES 535292 Middle East and North Africa 0 0 Program Services TRAVEL EXPENSES 11381 North America 0 0 Program Services TRAVEL EXPENSES 20330 Sub-Saharan Africa 0 0 Program Services travel expenses 34298 0 0 0 0 861420 861420 false false false false false false GOLDEN GOGGLES 824060 494832 329228 140615 260718 450813 0 824060 494832 329228 140615 260718 450813 852146 -522918 true CSCAA 5101 NW 21st Ave Ft Lauderdale FL 33303 596145666 501(c)(3) 100000 Coaching Support Diversity in Aquatics PO BOX 25633 Alexandria VA 22313 263360459 501(c)(3) 66000 DEI Support TAC Titans 275 CONVENTION DR Cary NC 27511 141839387 501(c)(3) 15670 Club Excellence DC Department of Recreation PO BOX 55661 Washington DC 20040 536001131 501(c)(3) 15000 Club Excellence Nations Capital Swim Club 8101 Wolftrap Rd Vienna VA 22182 800851325 s corp 14120 Club Excellence SwimMac Carolina 9850 PROVIDENCE Charlotte NC 28277 591769720 501(c)(3) 13430 Club Excellence Dynamo Swim Club 3119 SHALLOWFORD RD NE Chamblee GA 30341 581076889 c corp 12840 Club Excellence Carmel Swim Club 515 E MAIN ST SUITE 100 Carmel IN 46032 351468610 c corp 11910 Club Excellence Mission Viejo Nadadores 27474 CASTA DEL SOL UNIT 2 MISSION VIEJO CA 92692 330099234 501(c)(3) 11780 Club Excellence Sarasota Sharks 8501 POTTER PARK DR Sarasota FL 34238 823302879 501(c)(3) 11700 Club Excellence Sandpipers of Nevada 4460 S Durango Dr Ste A Las Vegas NV 89147 880151712 501(c)(3) 10730 Club Excellence NOVA of Virginia Aquatics 100 NOVA WAY Henrico VA 23229 541427388 c corp 10160 Club Excellence Cheyney University of Pennsylvania 1837 UNIVERSITY CIRCLE Cheyney PA 19319 232478688 501(c)(3) 10000 DEI Support Grambling State University 403 S MAIN ST Grambling LA 71245 726000751 501(c)(3) 10000 DEI Support Morehouse College 720 WESTVIEW DR SW Atlanta GA 30310 581438873 501(c)(3) 10000 DEI Support Texas Southern University 3100 CLEBURNE ST Houston TX 77004 746001391 501(c)(3) 10000 DEI Support Irvine Novaquatics 32 BRENA Irvine CA 92620 953180357 501(c)(3) 9840 Club Excellence Swim Atlanta Aquatics 4850 SUGARLOAF PKWY 702 Lawrenceville GA 30044 204300861 LLC 9830 Club Excellence Lakeside Swim Team 1928 WOODBOURNE AVENUE Louisville KY 40205 311054854 c corp 9610 Club Excellence Bluefish Swim Club PO BOX 726 Attleboro MA 02703 203358183 s corp 9100 Club Excellence Scottsdale Aquatic Club 7202 E CACTUS RD Scottsdale AZ 85260 860327123 c corp 8690 Club Excellence Long Island 750 STEWART AVE UNIT F Garden City NY 11530 113230107 501(c)(3) 8670 Club Excellence Elmbrook Swim Club PO BOX 323 Brookfield WI 53008 510180533 501(c)(3) 8570 Club Excellence University of Denver 2201 E ASBURY AVE RM 4533 Denver CO 80208 840404231 501(c)(3) 8350 Club Excellence Bolles School Sharks 7400 SAN JOSE BLVD Jacksonville FL 32217 590637814 501(c)(3) 8230 Club Excellence Lakeside Aquatics 5108 ABBEY GLEN DR Flower Mound TX 75028 751835239 c corp 8120 Club Excellence Club Wolverine 1441 MARIAN AVE Ann Arbor MI 48103 382319366 c corp 7930 Club Excellence Arlington Aquatic Club 3700 S FOUR MILE RUN DR Arlington VA 22206 457894320 c corp 5720 Club Excellence 17 11 Medal Money, Athlete Stipends and Record Bonuses 87 2513399 Athlete Grants 24 277500 Schedule i, PART I, LINE 2: APPLICANTS MUST QUALIFY, WHERE APPLICABLE, FOR CERTAIN GRANTS, AND A FINAL REPORT IS REQUIRED TO BE SUBMITTED TO USA SWIMMING. . schedule i, part iii, column b, line 1-2 The number of recipients reported is based on the number of fulfilled grant and stipend applications, and the number of individuals counted who received medals or bonus monies. X X X X X X false false false false false false false true false Timothy Hinchey President & CEO 665318 236250 9000 30500 32395 973463 Katie McRoberts Chief Administrative Officer 299948 60000 30500 10178 400626 Shana Ferguson Chief Commercial Officer 246402 50000 30000 20308 346710 Eric Skufca Chief Financial Officer 226544 58344 29172 29545 343605 Michelle Steinfeld Secretary & General Counsel 221398 44290 8910 10178 284776 Lindsay Mintenko National Team 233762 60165 30083 22868 346878 Joel Shinofield Sport Development 224594 58344 29172 31496 343606 Michael Meadows Sport Development 156402 24000 6068 20308 206778 Mariejo Truex Sport Development 130901 21263 16301 26818 195283 Matthew Lupton Commerical 137321 14600 16060 31395 199376 schedule j, PART I, LINE 7: PERFORMANCE BASED COMPENSATION IS PAID TO KEY EMPLOYEES PURSUANT TO THE EMPLOYMENT PRACTICES OF THE ORGANIZATION. THIS COMPENSATION IS NOT BASED ON PERFORMANCE OF THE ORGANIZATION, BUT INSTEAD IS BASED ON INDIVIDUAL PERFORMANCE OF EACH EMPLOYEE. X Apparel 3 258409 fmv X Timing System 1 320000 fmv X Nutrition Supplements 1 48925 fmv X Recovery Technology 1 31868 fmv X Bag Tags 1 15000 fmv X Lane Lines 1 10000 fmv X Stationary & Printing 1 9207 fmv 0 false true false schedule m, column b, line 25 column b reports the number of contributions. FORM 990, PART III, LINE 4B: Partnerships & Event Marketing: The team conducted multiple fan activation and corporate hospitality opportunities at all major championship events, including Phillips 66 National Championships and Toyota US Open. 2022 marked the end of partnership deals with two sponsors, but also ushered in new relationships with major long-term partners and licensees. Business Intelligence and Digital Platforms: 2022 focused on implementing Salesforce Marketing Cloud as our new marketing automation system. Marketing Cloud expands the organization's audience segmentation capabilities via a direct connection to the SWIMS database and adds automated marketing journeys as an additional communication tool. Communications: Media relations centered around numerous domestic and international competitions, with a keen focus also on strong internal communications to our nearly 400,000 members. The team published one printed editorial Splash magazine, which served as a Trials meet program for all USA Swimming member households, so fans could follow along with the excitement at home. FORM 990, PART III, LINE 4C: Events (continued): Other championship-level events that featured TV and/or live webcast included five TYR Pro Swim Series events, Junior Pan Pacific Championships, Open Water National Championships, three Speedo Junior National Championships, five Futures Championships, and 22 Speedo Sectional Championships. USA Swimming also provided support for other championship events including the Senior, Age Group, and Open Water Zone Championships. FORM 990, PART III, LINE 4D: Risk Management: As a benefit of membership, USA Swimming provides members and volunteers with participant accident insurance. Member clubs are also provided commercial general liability insurance to cover third party injury and property damage claims and allow clubs to use facilities that require proof of third-party liability insurance coverage. Elite Athlete Health Insurance and Sports Injury Coordination of Benefits are provided to national team athletes that elect to participate in the program. Domestic and International Travel Accident Insurance is provided to athletes, coaches and support personnel who travel to competitions. Foreign Commercial Liability Insurance Coverages are also provided to team, staff and volunteers who travel on behalf of the USA Swimming national teams. Medical Professional Liability Insurance is provided to health care professionals who act as event volunteers to the USA Swimming team at the request of the National Team or upon application to USA Swimming. Sport Development: In 2022, Sport Development again increased its Diversity, Equity and Inclusion scope by providing Community Impact Grants to over twenty USA Swimming Clubs across the country to expand access to competitive swimming programs in communities that have traditionally lacked access. In addition, we provided grants to several Historically Black Colleges and Universities to create community based competitive swimming and learn-to-swim programs in their campus pools. USA Swimming launched the new USA Swimming University online coach education platform and Coach Certification program. This is the first major revision of USA Swimming's online coach education in 15 years. Further, USA Swimming's organization-wide digital transformation progress includes preparing to launch a full re-architecture and design of the SWIMS membership database, implementing online member registration, and redevelopment of several member serving proprietary software applications. USA Swimming also provided in-person camp opportunities to athletes and coaches attending National Select Camps, National Diversity Select Camps, Zone Select Camps (4), and Regional Diversity Camps (3). These camps provide comprehensive learning and development opportunities for promising athletes (370) and coaches (80) preparing them for potential future National Junior Teams and National Teams. Our Team Services group continues to provide support for clubs on business operations, governance, performance, athlete development, and membership support. The group launched several highly successful educational initiatives to support coaches in 2022, including a collaboration with grassroots leaders on Women in Governance, Coaching 10 and Under Athletes, and Practice Data research. Form 990, Part VI, section a, line 4 THE BYLAWS OF THE ORGANIZATION WERE AMENDED : (1) AT LEAST 50% OF THE 10-YEAR ATHLETE REPRESENTATIVES ON THE BOARD, ARE REQUIRED TO HAVE OBTAINED 1O-YEAR ATHLETE ELIGIBILITY THROUGH COMPETING AT AN EVENT THAT, AT THE TIME OF ELECTION/SECTION, IS ON A DELEGATION EVENT PROGRAM, (2) BOARD MEMBERS WHO HAVE FAILED TO ATTEND TO THEIR OFFICIAL DUTIES OR HAVE DONE SO IMPROPERLY, WILL BE REFERRED TO THE ETHICS COMMITTEE FOR INVESTIGATION. THE ETHICS COMMITTEE WILL CONDUCT ITS INVESTIGATION, AND MAY IMPOSE SANCTIONS. IF BOARD MEMBER REMOVAL IS APPROPRIATE, THE ETHICS COMMITTEE WILL MAKE THE RECOMMENDATION TO THE ENTITY THAT ELECTED THE BOARD. (3) A BOARD MEMBER WILL BE DEEMED TO HAVE RESIGNED FROM THE BOARD UPON THE TERMINATION OR SUSPENSION OF SUCH BOARD'S MEMBERSHIP, AS A RESULT OF (A) LOSS OF QUALIFICATIONS, (B) A FINDING BY THE NATIONAL BOARD OF REVIEW OF A VIOLATION OF THE USA SWIMMING CODE OF CONDUCT, (C) A BACKGROUND SCREEN WITH AN AUTOMATIC DISQUALIFIER, AND/OR (D) A FINDING BY A THIRD PARTY WITH THE AUTHORITY TO MAKE SUCH ADJUDICATION OF THE BOARD MEMBER'S MEMBERSHIP OR PARTICIPATION IN THE U.S. OLYMPIC AND PARALYMPIC MOVEMENT; AND (4) PROVISION WAS MADE FOR NOMINEES TO THE HOUSE OF DELEGATES TO BE NOMINATED BY THEMSELVES, OR A THIRD PARTY, PROVIDING ADHERENCE TO THE CAMPAIGN RULES AND DESIGNATED TIMELY FILINGS. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS A MEMBERSHIP ORGANIZATION. THERE ARE TWO CLASSES OF NON-VOTING MEMBERS, GROUPS AND INDIVIDUALS. MEMBERS HAVE REPRESENTATION THROUGH THE HOUSE OF DELEGATES (HOD). EACH LOCAL SWIMMING COMMITTEE (LSC) HAS MEMBERS IN THE HOD, ATHLETES ARE ELECTED TO THE HOD, AND OTHER CONSTITUENCY GROUPS ELECT AND APPOINT MEMBERS TO THE HOD. FORM 990, PART VI, SECTION A, LINE 7A: MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE house of delegates (HOD), ELECTED BY THE ATHLETES, APPOINTED BY A USA SWIMMING COMMITTEE, AND ELECTED BY ALLIED ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7B: THE HOD IS RESPONSIBLE FOR THE FOLLOWING ACTIONS: 1) ELECTION OF CERTAIN BOARD MEMBERS 2) APPROVAL OF CHANGES TO THE RULEBOOK 3) APPROVAL OF CERTAIN CHANGES TO THE BYLAWS FORM 990, PART VI, SECTION B, LINE 11B: THE FORM IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS VIA EMAIL AND 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 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 a & b: a SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS DEVELOPED AN EMPLOYMENT CONTRACT FOR THE CURRENT ceo USING COMPARABLE COMPENSATION DATA FROM OTHER NATIONAL GOVERNING BODIES AND LIKE INDUSTRIES. THE HUMAN RESOURCE DEPARTMENT REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO SET AND ADJUST COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEEs. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, 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, SECTION A, LINE 1A THE NUMBER OF HOURS OF OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES IS BASED ON NUMBER OF HOURS FOR A FULL TIME POSITION. THE HOURS DO NOT REFLECT ACTUAL HOURS SPENT BY THESE EMPLOYEES. FORM 990, PART ix, column (d) usa swimming, inc IS PART OF A CONSOLIDATED ENTITY REPORTING ON SEPARATE 990S. AS SUCH, CERTAIN FUNCTIONS AND THE RELATED EXPENSES ARE REPORTED IN A SEPARATE ENTITY. PLEASE SEE usa swimming foundation FOR ADDITIONAL INFORMATION. FORM 990 PART X, LINE 24, 25, COLUMN A: THE BEGINNING BALANCE FOR LINE 25, other liabilities, WAS UPDATED TO REPORT $760,898 of insurance loss reserve FROM LINE 24, unsecured notes and loanS payable. 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. 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