2023-11-14T17:51:45-06:00 2022-12-31 FORVIS LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2022-01-01 742327838 THE UNITED STATES OLYMPIC AND PARALYMPIC ENDOWMENT % ALEJANDRO LUGO UNIT 7196333234 1631 MESA AVENUE SUITE A COLORADO SPRINGS CO 80906 ALEJANDRO LUGO EXECUTIVE VP/COO 7196333234 2023-11-09 true ALEJANDRO LUGO 999009999 Adam R Smith CPA P00958966 7194714290 2023-11-09 2 2022 2023-04-26 12:10:37Z ALEJANDRO LUGO 1631 MESA AVE SUITE A COLORADO SPRINGS CO 80906 56003032 false X WWW.USOPE84.ORG X 1984 CO PROVIDE FINANCIAL SUPPORT TO THE US OLYMPIC AND PARALYMPIC COMMITTEE AND ITS MEMBER ORGANIZATIONS. 10 9 3 10 113312 15541 616 2596 0 0 27798686 6828314 0 0 27799302 6830910 10934421 11608196 0 0 245116 293868 0 0 0 911247 979004 12090784 12881068 15708518 -6050158 492382153 438461539 226793607 221617893 265588546 216843646 X THE ENDOWMENT PROVIDES A PERMANENT ENDOWMENT TO FOSTER THE UNITED STATES OF AMERICA'S PARTICIPATION IN NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION. THIS IS DONE THROUGH DIRECT SUPPORT OF THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE THAT, IN TURN, REGULATES AND SUPPORTS MEMBER SPORTS ORGANIZATIONS THAT DEVELOP AMATEUR ATHLETES FOR NATIONAL AND INTERNATIONAL COMPETITION. false false 11608196 11608196 0 THE ENDOWMENT BOARD OF DIRECTORS AUTHORIZED A GRANT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE IN DECEMBER 2022 IN THE AMOUNT OF $11,608,196. IN ADDITION TO SUPPORTING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (COMMITTEE), THE ENDOWMENT PROVIDES SUPPORT TO SECTION 501(C)(3) PUBLIC CHARITY SPORTS ORGANIZATIONS THAT ARE MEMBERS OF THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND HOLDS AND INVESTS THEIR FUNDS SOLELY AS AGENT IN FURTHERANCE OF THE ENDOWMENT'S SUPPORT TO THE COMMITTEE. 11608196 true false false false false false false false true true true true false false true false true true false false true false false false false false false true false true false false false false false false false false false false false false false true false false true 5 0 3 true true true false false false false false false false false false false false X 10 9 true false false false false true true true true false false true true true true true true false false false X X ALEJANDRO LUGO 7196333234 1631 MESA AVENUE SUITE A COLORADO SPRINGS CO 80906 SARAH HIRSHLAND CEO - USOPC 1.0 54.0 X X 0 1140343 35604 WALTER GLOVER EVP/COO 24.0 0.0 X 131741 0 8221 DANA KUHLMAN ASST. SECRETARY 40.0 0.0 X 87567 0 9051 ALEJANDRO LUGO EVP 40.0 0.0 X 24106 0 70 WILLIAM J HYBL CHAIR OF THE BOARD AND CEO 2.0 0.0 X X 0 0 0 PAULA WELCH DIRECTOR 1.0 0.0 X 0 0 0 GABE GARDNER Director 1.0 0.0 X 0 0 0 RICH BENDER Vice Chair 1.0 0.0 X X 0 0 0 MAX COBB DIRECTOR 1.0 0.0 X 0 0 0 R THAYER TUTT DIRECTOR 1.0 0.0 X 0 0 0 SUSANNE D LYONS BOARD CHAIR - USOPC 1.0 24.0 X X 0 0 0 AMANDA BANTA Secretary 1.0 0.0 X X 0 0 0 DICK SCHLOSBERG TREASURER 1.0 0.0 X X 0 0 0 243414 1140343 52946 2 false true false PRIME BUCHHOLZ AND ASSOCIATES 273 CORPORATE DRIVE PORTSMOUTH NH 02210 INVESTMENT CONSULT. 314066 Acadian Asset Management LLC 260 Franklin St BOSTON MA 02110 FUND MANAGER 118981 William BlairLazard LTD 150 North Riverside Plaza CHICAGO IL 60606 FUND MANAGER 124664 Burgundy Asset Management Ltd 181 BAY STREET SUITE 4510 TORONTO ONTARIO CA M5J 2T3 Fund Manager 141954 4 2596 2596 0 2469264 113312 2355952 0 0 0 0 0 53531172 49172122 4359050 4359050 4359050 0 0 0 0 0 0 0 0 0 0 6830910 113312 6715002 11608196 11608196 0 0 0 265803 265803 9444 9444 0 0 0 18621 18621 0 3805 3805 46257 46257 0 0 777623 777623 2400 2400 0 18150 18150 0 0 5171 5171 0 0 42779 42779 0 0 1547 1547 31763 31763 State Ubit 5720 5720 Steinbrenner & Other Awards 43789 43789 0 12881068 11608196 1272872 0 0 0 15442731 18354427 0 0 0 0 0 0 0 0 0 0 0 0 31054 6199 25751 9031 16720 299528485 268988937 177337937 150985458 0 0 0 0 41946 109798 492382153 438461539 214456 162805 10934421 11608196 0 0 0 0 215537108 209623382 0 0 0 0 0 0 107622 223510 226793607 221617893 X 152812692 104065196 112775854 112778450 265588546 216843646 492382153 438461539 -6050158 -42694742 X false true X true false X X 1 UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE 131548339 7 true 11608196 0 1 11608196 0 true false false false false true false false false false false false false false false true true SCHEDULE A, PART IV, SECTION A, LINE 6 IN 2022, THE UNITED STATES OLYMPIC AND PARALYMPIC ENDOWMENT GRANTED FUNDS TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE. SCHEDULE A, PART IV, SECTION B, LINE 1 DESCRIBE HOW THE SUPPORTED ORGANIZATION EFFECTIVELY OPERATED, SUPERVISED, OR CONTROLLED THE ORGANIZATION'S ACTIVITIES: SIX MEMBERS ARE APPOINTED AS DIRECTORS BY THE USOPC (SUPPORTED ORGANIZATION). IN ADDITION, THE CEO AND THE CHAIR OF THE USOPC SERVE AS DIRECTORS. THE USOPC CAN DISSOLVE THE USOPE UPON THE APPROVAL OF TWO-THIRDS OF THE VOTES CAST AT TWO SUCCESSIVE REGULARLY CALLED MEETINGS OF THE USOPC BOARD OF DIRECTORS AT WHICH A QUORUM IS PRESENT. Schedule, A, Part IV, Section B, Line 2 OPERATIONS FOR THE BENEFIT OF SUPPORTED ORGANIZATIONS OTHER THAN THE ORGANIZATION THAT OPERATED, SUPERVISED, OR CONTROLLED THE SPORTING ORGANIZATIONS: IN ADDITION TO SUPPORTING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE ("COMMITTEE"), THE ENDOWMENT PROVIDES SUPPORT TO SECTION 501(C)(3) PUBLIC CHARITY SPORTS ORGANIZATIONS THAT ARE MEMBERS OF THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND HOLDS AND INVEST THEIR FUNDS SOLELY AS AGENT IN FURTHERANCE OF THE ENDOWMENT'S SUPPORT TO THE COMMITTEE. false true 112775854 15562620 -15560024 112778450 112775238 616 20497554 20497554 112775854 112774720 518 19185466 19185466 112775238 112773600 1120 20546220 20546220 112774720 112771681 1919 2444431 2444431 112773600 1.00000 false false 6350 423 5927 19401 8608 10793 16720 Limited Partnerships 51530609 F Real Estate Fund 20101296 F Private Equity Funds 63995916 F Other Alternative Investments 15357637 F 150985458 0 Investment Securities Payable 223510 223510 -36634370 -42694742 7085 -42687657 6053287 777623 777623 6830910 12110530 7085 7085 12103445 777623 777623 12881068 SCHEDULE D, PART V, LINE 4 DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: PERMANENTLY RESTRICTED NET ASSETS ARE TO BE MAINTAINED BY THE ENDOWMENT IN PERPETUITY. THE INCOME FROM THE PORTION OF THE ENDOWMENT FUNDS RELATING TO THE ENDOWMENT'S FUNDS CAN BE USED TO SUPPORT THE ACTIVITIES OF THE ENDOWMENT IN ACCORDANCE WITH THE ENDOWMENT'S SPENDING POLICY. THE ENDOWMENT FUNDS THAT THE ENDOWMENT HOLDS SOLELY AS AGENT FOR THE BENEFIT OF THE SPORTS ORGANIZATIONS CAN BE USED ONLY BY THE SPORTS ORGANIZATIONS IN ACCORDANCE WITH THEIR SPENDING POLICIES. THE ENDOWMENT HAS NO CONTROL OR AUTHORITY WITH RESPECT TO THESE SPORT ORGANIZATION'S INVESTMENT FUNDS ONCE DISTRIBUTED TO THE SPORTS ORGANIZATIONS. SCHEDULE D, PART IV, LINE 2B INVESTMENTS HELD SOLELY AS AGENT FOR SPORTS ORGANIZATIONS: THE ENDOWMENT HAS AN INVESTMENT PROGRAM, WHICH ALLOWS THE COMMITTEE AND ITS AFFILIATED SPORTS ORGANIZATIONS TO POOL THEIR FUNDS FOR INVESTMENT WITH FUNDS OF THE ENDOWMENT. THE ENDOWMENT HOLDS THESE FUNDS SOLELY AS AGENT FOR THESE ORGANIZATIONS. THESE SPORTS ORGANIZATIONS MAY REQUEST PARTIAL WITHDRAWALS (INCLUDING ALLOCATED GAINS AND INTEREST ONCE ALLOCATION ARE APPROVED) FOLLOWING A 30-DAY NOTIFICATION PERIOD. FULL OR LIQUIDATING WITHDRAWLS MAY BE PROCESSED FOLLOWING A 90-DAY NOTIFICATION PERIOD. Schedule D, Part X, Line 2 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Central America and the Caribbean Investments 3760934 3760934 3760934 false false true true true false SCHEDULE F, PART 1, LINE 2 DETAIL OF INVESTMENTS INVESTMENT MANAGEMENT FEES 30,001 INVESTMENTS BALANCES 3,730,933 TOTAL 3,760,934 true UNITED STATES OLYMPIC and paralympic CO 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 501 (C)(3) 11608196 GENERAL SUPPORT 1 SCHEDULE I, PART I, LINE 2 DESCRIBE THE ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS: GRANTS ARE MADE TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND THEY ARE PERMITTED TO USE THE GRANT IN ANY MANNER AS NEEDED THAT SUPPORTS THEIR CHARITABLE PURPOSE. X false false false false false false false false false SARAH HIRSHLAND CEO - USOPC 695633 422500 22210 15250 20354 1175947 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: SARA HIRSHLAND, CEO - USOPC AND SUSANNE D. LYONS, BOARD CHAIR - USOPC, BOTH HAVE A BUSINESS RELATIONSHIP DUE TO THEIR POSITIONS AT UNITED STATES OLYMIPC AND PARALYMPIC COMMITTEE (USOPC). FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS: THE UNITED STATES OLYMPIC AND PARALYMPIC ENDOWMENT (USOPE) HAS MEMBERS USING THE DEFINITION OF MEMBERS FOR 990 PURPOSES. FORM 990, PART VI, SECTION A, LINE 7A MEMBER ELECTIONS: THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE'S (USOPC) BOARD CHAIR AND CHIEF EXECUTIVE OFFICER ARE AUTOMATICALLY ON THE ENDOWMENT'S BOARD. IN ADDITION, SIX OTHER MEMBERS ARE APPOINTED AS DIRECTORS BY THE USOPC (SUPPORTED ORGANIZATION) VIA THE FOLLOWING METHODOLOGY: TWO BOARD MEMBERS ARE APPOINTED BY THE USOPC'S NATIONAL GOVERNING BODIES COUNCIL (NGBC), THREE BOARD MEMBERS ARE APPOINTED BY THE USOPC'S TEAM USA ATHLETES' COMMISSION, AND ONE BOARD MEMBER IS APPOINTED JOINTLY BY USOPC'S TEAM USA ATHLETES' COMMISSION AND USOPC'S US OLYMPIANS & PARALYMPIANS ASSOCIATION (USOPA). FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS: THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE'S (USOPC) BOARD MUST APPROVE AMENDMENTS TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD PARTY, REVIEWED INITIALLY BY THE ORGANIZATION'S EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER, AND THEN DISTRIBUTED AND REVIEWED BY THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT-OF-INTEREST POLICY: ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT-OF-INTEREST DISCLOSURE ON AN ANNUAL BASIS. IN THE EVENT A CONFLICT IS IDENTIFIED, THE BOARD REVIEWS AND DETERMINES IF A CONFLICT DOES EXIST. IN THE EVENT THAT A CONFLICT EXISTS, DIRECTORS ABSTAIN AND OFFICERS ARE PROHIBITED FROM PARTICIPATING IN THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC: THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. US OLYMPIC AND PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 AMATURE SPORT CO 501(C)(3) 7 NA false UNITED STATES OLYMPIC AND PARALYMPIC FDN 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 800939841 FUNDRAISING CO 501(C)(3) 7 USOPC false false true false false false false false false false false false false false false true false false false