2024-11-06T12:21:41-06:00 2023-12-31 ERNST & YOUNG US LLP 99 WOOD AVENUE SOUTH ISELIN NJ 08830 990 2023-01-01 980123241 International Olympic Committee % EMRE KURTOGLU INTE 0000000000 PO Box 351 1007, Lausanne SZ CHRISTOPHE DE KEPPER DIRECTOR GENERAL 1216216111 2024-11-06 true true michael r sales P01770943 7325164200 2023 2024-10-15 13:58:12Z CHRISTOPHE DE KEPPER PO Box 351 1007, Lausanne SZ 1022580590 false X https://www.olympic.org/the-ioc X 1894 SZ TO PROMOTE OLYMPISM THROUGHOUT THE WORLD AND LEAD THE OLYMPIC MOVEMENT IN ACCORDANCE WITH THE OLYMPIC CHARTER. 15 15 540 0 0 0 16821 557548 2160764580 739523827 27929126 128278939 113064963 153097722 2301775490 1021458036 1365225346 541709137 0 0 98606858 102422949 0 0 0 575354042 274915035 2039186246 919047121 262589244 102410915 4029928127 5115127974 1609268861 2558787759 2420659266 2556340215 X The IOC's mission is to promote Olympism throughout the world by ensuring the regular celebration of the Olympic Games and to lead the Olympic Movement (continued on schedule o) false false 347189851 74527551 0 OLYMPIC GAMES REVENUE DISTRIBUTION: IN 2023, THE IOC PROVIDED DIRECT FINANCIAL SUPPORT TO THE NATIONAL OLYMPIC COMMITTEES THROUGH THE DISTRIBUTION OF OLYMPIC GAMES REVENUES. 381277683 345505368 739523827 OLYMPIC MARKETING PROGRAMME TOP REVENUE DISTRIBUTION: IN 2023, THE TOP REVENUE DISTRIBUTION GAVE VALUABLE SUPPORT TO THE PARIS 2024 ORGANISING COMMITTEE, THE MILANO CORTINA 2026 ORGANISING COMMITTEE, THE LOS ANGELES 2028 ORGANISING COMMITTEE AND THE NATIONAL OLYMPIC COMMITTEES (INCLUDING THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE). 129013703 121676218 0 OLYMPIC SOLIDARITY PROGRAMME: OLYMPIC SOLIDARITY PROGRAMME IS RESPONSIBLE FOR ADMINISTERING AND MANAGING THE SHARE OF THE OLYMPIC BROADCASTING RIGHTS FOR ALL RECOGNISED NATIONAL OLYMPIC COMMITTEES (NOCS) BY THE IOC. OLYMPIC SOLIDARITY REDISTRIBUTES THESE FUNDS THROUGH DIVERSE PROGRAMMES ACCORDING TO THE NEEDS OF THE NOCS AND CONTINENTAL ASSOCIATIONS. THESE INCLUDE: - WORLD PROGRAMMES, PRIORITISING ATHLETES, COACHES, NOC MANAGEMENT AND THE PROMOTION OF THE THE OLYMPIC VALUES; - CONTINENTAL PROGRAMMES, MEETING THE SPECIFIC NEEDS OF EACH CONTINENT; - IOC SUBSIDIES FOR PARTICIPATION IN OLYMPIC GAMES, OFFERING FINANCIAL SUPPORT TO NOCS BEFORE, DURING AND AFTER THE GAMES. 857481237 false true false false false false false false false true false false false false false true true false true true true false false false false false true false true false false false false false false false false false true false false false true true true false true X 0 0 540 true false true SZ false false false false false false X 15 15 false false false false true true true true true false true true false true true true true true true true false X EMRE KURTOGLU 0000000000 OLYMPIC HOUSE PO Box 351 1007, Lausanne SZ X CHRISTOPHE DUBI Olympic Games EXEC Director 41.0 0.0 X 1701451 0 108690 Christophe DE KEPPER DIRECTOR GENERAL 41.0 0.0 X 1492558 0 149092 LANA HADDAD CHIEF OPERATING OFFICER 41.0 0.0 X 1014353 0 108989 KIT MCCONNELL SPORTS DIRECTOR 41.0 0.0 X 568078 0 85842 LEONARDA LARROSA DIGITAL ENG & MKTG DIRECTOR 41.0 0.0 X 522744 0 87986 Ilario Corna CHIEF INFORMATION TECH OFFICER 41.0 0.0 X 488195 0 87918 EMRE Kurtoglu CHIEF FINANCIAL OFFICER 41.0 0.0 X 480208 0 85843 MARIAM Mahdavy LEGAL AFFAIRS DIRECTOR 41.0 0.0 X 468564 0 90110 MARIE SALLOIS DIRECTOR of cobras 41.0 0.0 X 475549 0 80667 MARK ADAMS Spokesman Services Director 41.0 0.0 X 459424 0 87131 JAMES MACLEOD NOC AND OS DIRECTOR 41.0 0.0 X 448104 0 82934 RICHARD BUDGETT DIR MEDICAL AND SCIENTIFIC 41.0 0.0 X 422647 0 82185 Pquerette Girard-Zappelli Chief ETHICS & COMPL OFFICER 41.0 0.0 X 416760 0 81302 PIERRE DUCREY OLYMPIC GAMES OPS DIRECTOR 41.0 0.0 X 407065 0 77993 Christian KLAUE Dir Corp Comm and Pub Affairs 41.0 0.0 X 407549 0 76808 XAVIER Tissires DIRECTOR OF HUMAN RESOURCES 41.0 0.0 X 402330 0 77413 Kaveh Mehrabi DIRECTOR OF ATHLETES DEPT 41.0 0.0 X 406546 0 62807 Jacqueline Barrett Future Olym. Games Hosts Dir. 41.0 0.0 X 392083 0 77200 Panagiotis Tzivanidis DIR CORP EVENTS & SVCS 41.0 0.0 X 387592 0 75574 Jochen Farber Chief of Lausanne Office of OC 41.0 0.0 X 365017 0 74437 MARCUS Hecht-Hausen CHIEF OF STAFF 41.0 1.0 X 349428 0 70676 PERE Mir IOC PRESIDENT ADVISOR 41.0 0.0 X 187311 0 39087 Thomas BACH IOC President 41.0 0.0 X X 0 0 0 Ser Miang Ng VP of IOC Executive Board 1.0 0.0 X X 0 0 0 John Coates VP of IOC Executive Board 1.0 0.0 X X 0 0 0 NICOLE HOEVERTSZ VP of IOC Executive Board 1.0 0.0 X X 0 0 0 JUAN ANTONIO SAMARANCH Salisachs VP of IOC Executive Board 1.0 0.0 X X 0 0 0 ROBIN MITCHELL IOC Executive Board Member 1.0 0.0 X 0 0 0 DENIS OSWALD IOC Executive Board Member 1.0 0.0 X 0 0 0 NENAD LALOVIC IOC Executive Board Member 1.0 0.0 X 0 0 0 Ivo Ferriani IOC Executive Board Member 1.0 0.0 X 0 0 0 HRH PR Bin Al-Hussein Faisal IOC Executive Board Member 1.0 0.0 X 0 0 0 Gerardo Werthein VP of IOC Executive Board 1.0 0.0 X X 0 0 0 Kirsty Coventry Beg 102023 IOC Executive Board Member 1.0 0.0 X 0 0 0 Mikaela COJUANGCO JAWORSKI IOC Executive Board Member 1.0 0.0 X 0 0 0 Kristin Kloster IOC Executive Board Member 1.0 0.0 X 0 0 0 Emma Terho IOC Executive Board Member 1.0 0.0 X 0 0 0 Nawal El Moutawakel end 102023 IOC Executive Board Member 1.0 0.0 X 0 0 0 12263556 0 1850684 22 false true false Bird Bird LLP 15 FETTER LANE LONDDON 0 UK EC4A 1JP legal marketing 7463882 iLuka Collective France SAS MORNING CONCORDE 4 RUE ROYALE PARIS 0 FR 75008 Hospitality 5302314 Dentsu Inc 1-8-1 HIGASHI-SHIMBASHI TOKYO 0 JA 105-7001 Sports Marketing 4675000 PUBLICIS MEDIA FRANCE 30-34 RUE DU CHEMIN VERT PARIS 0 FR 75011 Consulting 3681461 NTT Switzerland SA CHEMIN DES LENTILLIRES 15 CRISSIER 0 SZ 1023 IT Infrastructure 3058018 194 557548 15000 557548 TOP PROGRAMME MARKETING RIGHTS 533110 739523827 724923827 14600000 739523827 109067776 109067776 0 0 0 0 0 20333717 1122554 19211163 19211163 19211163 0 0 0 0 0 0 0 0 0 OCOG MARKETING PROGRAMME 533110 121359622 121359622 OTHER RIGHTS (SUPPLIERSHIP & LICENSING) 533110 27434694 27434694 OTHER REVENUE 900099 4303406 4303406 153097722 1021458036 878021549 14600000 128278939 110072421 110072421 0 431636716 431636716 0 23896401 10833035 13063366 0 69736324 31613800 38122524 8790224 3984902 4805322 0 0 0 0 0 0 0 5574672 5574672 0 12401672 12401672 1233270 1233270 0 0 0 4802943 4802943 0 12674196 12674196 0 0 6895372 6895372 0 PROMOTION OF OLYMPICS 154073665 154073665 GENERAL RUNNING EXPENSES 48264838 48264838 SPECIAL PROJECTS 19223206 19223206 YOUTH OLYMPIC GAMES REL EXP 9771201 9771201 919047121 857481237 61565884 0 65228490 110555784 2890687897 3172084228 0 0 248189958 1064238471 0 0 0 0 525290785 381828554 0 0 107447706 199149871 167413127 6086491 167413127 161326636 0 0 0 0 25210196 0 0 25426580 459968 517850 4029928127 5115127974 574482051 357885769 0 0 911231253 2068422168 0 0 0 0 0 0 0 0 123555557 132479822 0 0 1609268861 2558787759 X 1821307303 2056070675 599351963 500269540 2420659266 2556340215 4029928127 5115127974 102410915 33270034 X X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139878261 4466385 135411876 6257807 1666696 4591111 21277059 -46590 21323649 161326636 1049153398 33270034 33270034 1015883364 5574672 5574672 1021458036 913472449 913472449 5574672 5574672 919047121 true Central America and the Caribbean 0 0 Grantmaking Olympic Revenue & MKG 12473073 Europe (Including Iceland and Greenland) 0 0 Grantmaking OLYMPIC REVENUE & MKG 243670837 North America 0 0 Grantmaking OLYMPIC REVENUE & MKG 39335129 Russia and the Newly Independent States 0 0 Grantmaking OLYMPIC REVENUE & MKG 9255244 South America 0 0 Grantmaking OLYMPIC REVENUE & MKG 16698866 Sub-Saharan Africa 0 0 Grantmaking Olympic Revenue & Mkg 36361205 East Asia and the Pacific 0 0 Grantmaking Olympic Revenue & Mkg 57411668 Middle East and North Africa 0 0 Grantmaking Olympic Revenue & Mkg 16430693 0 0 0 0 431636715 431636715 Central America and the Caribbean Support Olympic Mov. 12473073 ELEC FND/WIR Europe (Including Iceland and Greenland) Support Olympic Mov. 243670837 ELEC FND/WIR North America Support Olympic Mov. 39335129 ELEC FND/WIR Russia and the Newly Independent States Support Olympic Mov. 9255244 ELEC FND/WIR South America Support Olympic Mov. 16698866 ELEC FND/WIR Sub-Saharan Africa Support Olympic Mov. 36361205 ELEC FND/WIR East Asia and the Pacific Support Olympic Mov. 57411668 ELEC FND/WIR Middle East and North Africa Support Olympic Mov. 16430693 ELEC FND/WIR 0 206 false false false false false false Schedule F, Part I, Line 2 PURSUANT TO THE OLYMPIC CHARTER, THE IOC SUPPORTS THE STAGING OF THE OLYMPIC GAMES AND OLYMPIC WINTER GAMES WITH A FINANCIAL CONTRIBUTION FROM THE REVENUE IT RAISES THROUGH ITS BROADCAST AGREEMENTS AND THE GLOBAL TOP SPONSORSHIP PROGRAMME. IN 2023, THE AMOUNTS ACCRUED RELATED TO THE GRANTS, CONTRIBUTIONS AND OTHER ASSISTANCE TO ORGANIZATIONS OR ENTITIES OUTSIDE THE UNITED STATES WAS APPROXIMATELY $431,636,716. THESE GRANTS ARE INTENDED TO DEVELOP, PROMOTE, AND PROTECT THE OLYMPIC MOVEMENT IN THE RECIPIENT'S RESPECTIVE COUNTRIES, IN ACCORDANCE WITH THE OLYMPIC CHARTER. PRIOR TO RECEIVING A GRANT, A RECIPIENT ORGANIZATION IS SUBJECT TO RECOGNITION PROCEDURES TO ENSURE THAT THE ORGANIZATION DEMONSTRATES ALL CONDITIONS PRESCRIBED IN THE OLYMPIC CHARTER AND TO CONFIRM THAT FUNDS ARE TO BE UTILIZED TO FURTHER THE OLYMPIC MOVEMENT. THE IOC'S EXECUTIVE BOARD MONITORS THE CONDUCT OF THE RECIPIENT ORGANIZATIONS AND MAY TAKE APPROPRIATE ACTION AS NECESSARY, TO ENSURE THAT THE RECIPIENT ORGANIZATIONS ARE ACTING, AND WILL CONTINUE TO ACT, IN THE BEST INTEREST OF THE OLYMPIC MOVEMENT. Schedule F, Part I, Line 3 THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) CONDUCTS PROGRAM SERVICE ACTIVITIES ON A GLOBAL SCALE. A MAJORITY OF THE IOC'S TOTAL PROGRAM EXPENDITURES, AS REPORTED ON FORM 990, PART IX, ARE CONDUCTED IN REGIONS OUTSIDE THE UNITED STATES. AS AN ORGANISATION BASED IN SWITZERLAND, THE IOC HOLDS INVESTMENT ASSETS IN VARIOUS REGIONS OUTSIDE THE UNITED STATES. THE INVESTMENT ASSETS REPORTED ON FORM 990, PART X INCLUDE INVESTMENT ASSETS HELD IN VARIOUS REGIONS OUTSIDE THE UNITED STATES. true USOPC ONE OLYMPIC PLZ COLORADO SPRINGS CO 80909 131548339 501(C)(3) 110005563 LA 2028 10900 WILSHIRE BLVD LOS ANGELES CA 90024 472018941 501(C)(3) 66859 2 Schedule I, Part I, Line 2 IOC GRANTS OF FUNDS TO THE UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE (USOPC) ARE AGREED UPON AND ADMINISTERED THROUGH A DEFINITIVE AGREEMENT CONCLUDED ON 25 MAY 2012. IOC GRANTS OF FUNDS TO THE LOS ANGELES ORGANIZING COMMITTEE FOR THE OLYMPIC AND PARALYMPIC GAMES 2028 (LA 2028) ARE AGREED UPON AND ADMINISTERED THROUGH THE HOST CITY CONTRACT - PRINCIPLES CONCLUDED ON 13 SEPTEMBER 2017. GRANTS TO U.S. CHARITABLE ORGANIZATIONS ARE INTENDED TO DEVELOP, PROMOTE AND PROTECT THE OLYMPIC MOVEMENT IN THE UNITED STATES, IN ACCORDANCE WITH THE OLYMPIC CHARTER. PRIOR TO RECEIVING A GRANT, A RECIPIENT ORGANIZATION IS SUBJECT TO RECOGNITION PROCEDURES TO ENSURE THAT THE ORGANIZATION DEMONSTRATES ALL CONDITIONS PRESCRIBED IN THE OLYMPIC CHARTER AND TO CONFIRM THAT FUNDS ARE TO BE UTILIZED TO FURTHER THE OLYMPIC MOVEMENT. THE IOC'S EXECUTIVE BOARD MONITORS THE CONDUCT OF THE RECIPIENT ORGANIZATIONS AND MAY TAKE APPROPRIATE ACTIONS AS NECESSARY, TO ENSURE THAT THE RECIPIENT ORGANIZATIONS ARE ACTING, AND WILL CONTINUE TO ACT, IN THE BEST INTEREST OF THE OLYMPIC MOVEMENT. X X X true true X X X false false false false false false false false false MARK ADAMS Spokesman Services Director 384147 0 55655 0 19622 0 60417 0 26714 0 546555 0 0 Jacqueline Barrett Future Olym. Games Hosts Dir. 314886 0 47306 0 29891 0 50486 0 26714 0 469283 0 0 0 RICHARD BUDGETT DIR MEDICAL AND SCIENTIFIC 356409 0 44524 0 21714 0 55471 0 26714 0 504832 0 0 0 Ilario Corna CHIEF INFORMATION TECH OFFICER 419446 0 60107 0 8642 0 61204 0 26714 0 576113 0 0 0 Christophe DE KEPPER DIRECTOR GENERAL 803344 0 667854 0 21360 0 122378 0 26714 0 1641650 0 0 0 CHRISTOPHE DUBI Olympic Games EXEC Director 559138 0 1122921 0 19392 0 81976 0 26714 0 1810141 0 0 0 PIERRE DUCREY OLYMPIC GAMES OPS DIRECTOR 336189 0 52872 0 18004 0 51279 0 26714 0 485058 0 0 0 Pquerette Girard-Zappelli Chief ETHICS & COMPL OFFICER 348671 0 45080 0 23009 0 54588 0 26714 0 498062 0 0 0 LANA HADDAD CHIEF OPERATING OFFICER 643535 0 325637 0 45181 0 82275 0 26714 0 1123342 0 0 0 MARCUS Hecht-Hausen CHIEF OF STAFF 295859 0 33393 0 20176 0 43962 0 26714 0 420104 0 0 0 Christian KLAUE Dir Corp Comm and Pub Affairs 344510 0 44524 0 18515 0 50094 0 26714 0 484357 0 0 0 EMRE Kurtoglu CHIEF FINANCIAL OFFICER 386909 0 72351 0 20948 0 59129 0 26714 0 566051 0 0 0 LEONARDA LARROSA DIGITAL ENG & MKTG DIRECTOR 454708 0 44524 0 23512 0 61272 0 26714 0 610730 0 0 0 JAMES MACLEOD NOC AND OS DIRECTOR 378419 0 50089 0 19596 0 56220 0 26714 0 531038 0 0 0 MARIAM Mahdavy LEGAL AFFAIRS DIRECTOR 394159 0 66785 0 7620 0 63396 0 26714 0 558674 0 0 0 KIT MCCONNELL SPORTS DIRECTOR 407088 0 55655 0 105335 0 59128 0 26714 0 653920 0 0 0 Kaveh Mehrabi DIRECTOR OF ATHLETES DEPT 315831 0 38958 0 51757 0 36093 0 26714 0 469353 0 0 0 PERE Mir IOC PRESIDENT ADVISOR 137681 0 27827 0 21803 0 23538 0 15549 0 226398 0 0 0 MARIE SALLOIS DIRECTOR of cobras 354499 0 55655 0 65395 0 53953 0 26714 0 556216 0 0 0 XAVIER Tissires DIRECTOR OF HUMAN RESOURCES 328695 0 55655 0 17980 0 50699 0 26714 0 479743 0 0 0 Panagiotis Tzivanidis DIR CORP EVENTS & SVCS 324530 0 45525 0 17537 0 48860 0 26714 0 463166 0 0 0 Jochen Farber Chief of Lausanne Office of OC 295860 0 45080 0 24077 0 47723 0 26714 0 439454 0 0 0 Transactions with related parties THE IOC'S EXECUTIVE BOARD MEMBERS, INCLUDING THE IOC PRESIDENT, ARE CONSIDERED TO BE VOLUNTEERS. UPON REQUEST BY AN IOC EXECUTIVE BOARD MEMBER (FOLLOWING A SIMPLE PROCESS), A PORTION OF THEIR PERSONAL ADMINISTRATIVE EXPENSES, RELATED TO THE EXECUTION OF THEIR RESPECTIVE FUNCTIONS WITHIN THE IOC, ARE COMPENSATED BY A FIXED AMOUNT. THE FIXED AMOUNT MAY VARY IN RELATION TO THE FUNCTIONS BEING PERFORMED BY THE INDIVIDUAL. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990. AS WELL AS THE STATEMENT OF ACTIVITIES INCLUDED WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE. Schedule J, Part I, Line 1a EXPENSES INCURRED FOR TRAVEL AND ACCOMMODATIONS DURING THE EXECUTION OF THE IOC MEMBERS'S FUNCTIONS ARE COVERED BY THE IOC. THE INDEMNITY POLICY FOR THE IOC MEMBERS AND THE IOC PRESIDENT IS AS FOLLLOWS: - IOC MEMBERS AND IOC HONORARY MEMBERS ANNUAL ADMINISTRATIVE SUPPORT: $7,000 USD - DAILY INDEMNITY FOR THE IOC MEMBERS FOR ALL TYPES OF MEETINGS, INCLUDING COMMISSIONS, SESSIONS AND OLYMPIC GAMES (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): $450 USD - DAILY INDEMNITY FOR IOC COMMISSION CHAIRS FOR THEIR OWN COMMISSION MEETINGS (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): 2 x $450 USD DAILY INDEMNITY FOR IOC EXECUTIVE BOARD MEMBERS FOR EXECUTIVE BOARD MEETINGS (TO COVER THE TIME OF TRAVEL, THE DAYS BEFORE AND AFTER THE MEETINGS ARE COMPENSATED): 2 x $450 USD THE RESPECTIVE INDEMNITIES CAN BE ALLOCATED BY THE PRESIDENT WHEN HE REQUESTS A MEMBER FOR A SPECIAL MISSION. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, AS WELL AS THE STATEMENT OF ACTIVITIES UNDER TRANSPORT, TRAVEL AND RESIDENCE WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE. THE IOC PRESIDENT WILL BE TREATED IN THE SAME WAY AND ENTITLED TO THE SAME INDEMNITY AS THE EXECUTIVE BOARD MEMBERS DURING THE MEETINGS OF THE EXECUTIVE BOARD AND AS ANY IOC EXECUTIVE BOARD MEMBER DURING THE OLYMPIC GAMES. ACCORDING TO THE OBLIGATIONS AND RIGHTS ATTRIBUTED TO HIM IN THE OLYMPIC CHARTER, THE IOC PRESIDENT HAS THE FUNCTION OF AN EXECUTIVE PRESIDENT. THEREFORE, THE PRESIDENT IS ON MISSION FOR THE IOC 365 DAYS A YEAR. IN LINE WITH PAST PRACTICES AND LIKE ALL OTHER IOC MEMBERS, THE IOC PRESIDENT RECEIVES AN INDEMNITY TO PARTIALLY COVER HIS EXPENSES. THE PRESIDENT RECEIVES NEITHER THE FIXED ANNUAL SUPPORT NOR THE DAILY INDEMNITY RELATED TO ALL COMMISSION MEETINGS OR OTHER MISSIONS THAT HE IS ENTITLED TO AS AN IOC MEMBER. INSTEAD, TO COVER SOME OF THE PRESIDENT'S PERSONAL COSTS RELATED TO THE EXECUTION OF HIS FUNCTION, THE ETHICS COMMISSION DECIDED ON A SINGLE ANNUAL FIXED INDEMNITY, LINKED TO INFLATION OF EUR 275 THOUSAND. IN LINE WITH INDEMNITY POLICY, THE IOC COVERS THE COSTS OF THE PRESIDENT'S EXPENSES, WHICH AMOUNTED TO $340,000 USD IN 2023 AND $370,000 USD IN 2022. THESE AMOUNTS INCLUDE THE EUR 275 THOUSAND ANNUAL INDEMNITY AS DECIDED BY THE ETHICS COMMISSION. CONSISTENT WITH PAST PRACTICE, AN ANNUAL AMOUNT $172,000 USD WAS PAID BY THE IOC TO COVER THE INCOME TAX EXPENSE RELATED TO THE IOC PRESIDENT'S ACTIVITIES IN SWITZERLAND ($163,000 USD IN 2022). THE COST OF THESE EXPENSES ARE NOT TREATED AS COMPENSATION TO THE PRESIDENT FOR SWISS INCOME TAX PURPOSES AND THE INCOME TAX PAID TO COVER THE PRESIDENT'S EXPENSE ALLOWANCES IS PAID DIRECTLY TO THE SWISS TAX AUTHORITIES BY THE IOC. THESE COSTS ARE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, AS WELL AS THE STATEMENT OF ACTIVITIES UNDER TRANSPORT, TRAVEL AND RESIDENCE EXPENSES WITHIN THE IOC'S ANNUAL REPORT, WHICH IS PUBLICLY AVAILABLE ON THE IOC'S WEBSITE. X 1 15000 FMV false true true schedule M, part I, Line 32a The Olympic Foundation for Culture and Heritage (TOHCH) is a tax exempt organization related to the IOC. The purpose of TOFCH is to ensure the running and operation of the Olympic Museum located in Lausanne, whose role is to depict the history and development of the Olympic Movement over the years, and to associate the Olympic Movement more closely with art and culture. As part of its mission, TOFCH may solicit non-cash contributions (generally artefacts) for the benefit of the IOC, but TOFCH does not sell any non-cash contribution. FORM 990, BOX E & FORM 990, PART VI, SECTION C, LINE 20 The organisation's telephone number is +41 21 621 61 11 FORM 990, PART III, LINE 1 Organisation Mission CONTINUED BY ENCOURAGING AND SUPPORTING organisation, development and coordination of sport and sports competitions in accordance with the Olympic Charter. The IOC's role is: - To encourage and support the promotion of ethics and good governance in sport, as well as education of youth through sport and to dedicate its efforts to ensure that, in sport, the spirit of fair play prevails and violence is banned; - To encourage and support the organisation, development and coordination of sport and sports competitions; - To ensure the regular celebration of the Olympic games; - To cooperate with the competent public or private organisations and authorities in the endeavour to place sport at the service of humanity and thereby to promote peace; - To take action to strengthen the unity of the Olympic Movement, to protect its independence, to maintain and promote its political neutrality and to preserve the autonomy of sport; - To act against any form of discrimination affecting the Olympic Movement; - To encourage and support elected representatives of athletes with the Olympic Movement, with the IOC Athletes' Commission acting as their supreme representative on all Olympic Games and related matters; - To encourage and support the promotion of women in sport at all levelS and in all structures with a view to implementing the principle of equality of men and women; - To protect clean athletes and the integrity of sport, by leading the fight against doping, and by taking action against all forms of manipulation of competitions and related corruption; - To encourage and support measures relating to the medical care and health of athletes; - To oppose any political or commercial abuse of sport and athletes; - To encourage and support the efforts of sports organisations and public authorities to provide for the social and professional future of athletes; - To encourage and support the development of sport for all; - To encourage and support a responsible concern for environmental issues, to promote sustainable development in sport and to require that the Olympic Games are held accordingly; - To promote a positive legacy from the Olympic Games to the host cities, regions and countries; - To encourage and support initiatives blending sport with culture and education; - To encourage and support the activities of the International Olympic Academy and other institutions which dedicate themselves to Olympic education; and - To promote safe sport and the protection of athletes from all forms of harassment and abuse. Form 990, Part IV, Line 12b & Form 990, Part XII, Line 2b FINANCIAL STATEMENTS THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) IS AN INTERNATIONAL NON-GOVERNMENT NOT-FOR-PROFIT ASSOCIATION ORGANIZED IN SWITZERLAND, AND FUNCTIONS IN ACCORDANCE WITH THE SWISS CIVIL CODE. THE CONSOLIDATED FINANCIAL STATEMENTS OF THE IOC, AS AUDITED BY AN INDEPENDENT ACCOUNTANT, ARE PREPARED IN ACCORDANCE WITH AND COMPLY WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS AND AS WELL THE SWISS LAW. Form 990, Part VI, Line 6 EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDERS THE IOC IS COMPRISED OF MEMBERS WHO ARE NATURAL PERSONS, NOT TO EXCEED A TOTAL OF 115 INDIVIDUALS. THE MEMBERS REPRESENT AND PROMOTE THE INTERESTS OF THE IOC AND THE OLYMPIC MOVEMENT IN THEIR COUNTRIES AND IN THE ORGANISATIONS OF THE OLYMPIC MOVEMENT IN WHICH THEY SERVICE. THE MEMBERS VOTE ON IMPORTANT DECISIONS RELATED TO THE IOC, INCLUDING THE ELECTION OF HOST CITIES FOR THE OLYMPIC GAMES, CHANGES TO THE OLYMPIC CHARTER, AND ELECTION OF NEW MEMBERS, THE IOC EXECUTIVE BOARD AND THE IOC PRESIDENT. THE MEMBERS OF THE IOC ARE COMPRISED OF: - A MAJORITY OF MEMBERS WHOSE MEMBERSHIPS ARE NOT LINKED TO ANY SPECIFIC FUNCTION OR OFFICE, INCLUDING UP TO FIVE MEMBERS WHO MAY BE ELECTED IN SPECIAL CASES, THEIR TOTAL MAY NOT EXCEED 70 AND THERE MAY BE NO MORE THAN ONE SUCH MEMBER NATIONAL OF ANY GIVEN COUNTRY; - ACTIVE ATHLETES THE NUMBER OF WHOM MAY NOT EXCEED 15 - PRESIDENTS OR PERSONS HOLDING AN EXECUTIVE OR SENIOR LEADERSHIP POSITION WITHIN INTERNATIONAL FEDERATIONS, ASSOCIATIONS OF INTERNATIONAL FEDERATIONS OR OTHER ORGANISATIONS RECOGNIZED BY THE IOC, THE TOTAL NUMBER OF WHOM MAY NOT EXCEED 15; AND - PRESIDENTS OR PERSONS HOLDING AN EXECUTIVE OR SENIOR LEADERSHIP POSITION WITHIN NATIONAL OLYMPIC COMMITTEES OR WORLD OR CONTINENTAL ASSOCIATIONS OF NATIONAL OLYMPIC COMMITTEES, THE TOTAL NUMBER OF WHOM MAY NOT EXCEED 15; THERE MAY BE NO MORE THAN ONE SUCH MEMBER NATIONAL OF ANY GIVEN COUNTRY WITHIN THE IOC. Form 990, Part VI, Line 7a HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNING BODY THE IOC MEMBERS HAVE THE POWER TO ELECT THE EXECUTIVE BOARD OF THE IOC, WHICH IS CARRIED OUT BY VOTE DURING THE GENERAL MEETING OF THE IOC MEMBERS. Form 990, Part VI, Line 7b DECISIONS OF GOVERNING BODY APPROVED BY MEMBERS OR SHAREHOLDERS DURING THE GENERAL MEETING OF THE MEMBERS OF THE IOC, THE MEMBERS VOTE ON THE FOLLOWING: - TO ADOPT OR AMEND THE OLYMPIC CHARTER - TO ELECT MEMBERS OF THE IOC, THE HONORARY PRESIDENT, HONORARY MEMBERS AND HONOUR MEMBERS; - TO ELECT THE PRESIDENT, THE VICE PRESIDENTS AND ALL OTHER MEMBERS OF THE IOC EXECUTIVE BOARD; - TO ADOPT OR AMEND THE ATHLETES' RIGHTS AND RESPONSIBILITIES DECLARATION - TO RESOLVE AND DECIDE UPON ALL OTHER MATTERS ASSIGNED TO IT BY LAW OR BY THE OLYMPIC CHARTER. THE EXECUTIVE BOARD ASSUMES THE OVERALL RESPONSIBILITY FOR THE ADMINISTRATION OF THE IOC AND MANAGEMENT OF ITS AFFAIRS, INCLUDING APPROVING ALL INTERNAL GOVERNANCE REGULATIONS RELATING TO THE ORGANISATION. Form 990, Part VI, Line 11b FORM 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BY THE IOC'S INDEPENDENT TAX ACCOUNTANT, ERNST & YOUNG LLP, WITH ASSISTANCE FROM THE IOC'S TAX MANAGER. THE FORM 990 WAS THEN REVIEWED AND SIGNED OFF BY THE CHIEF FINANCIAL OFFICER. A COMPLETE COPY WAS PROVIDED TO THE CHIEF OPERATING OFFICER AND THE DIRECTOR GENERAL PRIOR TO THE FILING DATE. THE IOC FORM 990 WAS THEN APPROVED BY THE CHIEF OPERATING OFFICER AND THE DIRECTOR GENERAL PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c MONITORING AND ENFORCEMENT OF CONFLICTS OF INTEREST POLICY THE IOC'S CONFLICT OF INTEREST POLICIES AND PROCEDURES ARE DETAILED WITHIN THE IOC CODE OF ETHICS, UNDER THE SECTION TITLED "RULES CONCERNING CONFLICTS OF INTERESTS AFFECTING THE BEHAVIOUR OF OLYMPIC PARTIES." THE IOC CODE OF ETHICS IS READILY AVAILABLE TO THE PUBLIC AND FORMS AN INTEGRAL PART OF THE OLYMPIC CHARTER. PRIOR TO EXAMINATION BY THE IOC EXECUTIVE BOARD OF A CANDIDATURE FOR ELECTION AS AN IOC MEMBER, A CANDIDATE MUST DECLARE ANY RISKS OF CONFLICTS OF INTERESTS TO THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER. THE ATTENTION OF THE CANDIDATE MAY BE DRAWN TO ANY POTENTIAL CONFLICTS OF INTEREST IDENTIFIED. IT IS THE PERSONAL RESPONSIBILITY OF EACH PERSON TO AVOID ANY CASE OF CONFLICT OF INTEREST. FACED WITH A SITUATION OF A POTENTIAL CONFLICT OF INTEREST, THE PERSON CONCERNED MUST REFRAIN FROM EXPRESSING AN OPINION, FROM MAKING OR PARTICIPATING IN MAKING A DECISION OR ACCEPTING ANY FORM OF BENEFIT WHATSOEVER. HOWEVER, IF THE PERSON WISHES TO CONTINUE TO ACT, OR IF THE PERSON IS UNCERTAIN AS TO THE STEPS TO TAKE, THE PERSON MUST INFORM THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER OF THE SITUATION, WHO THEN TAKES THE STEPS BELOW. THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER IS RESPONSIBLE FOR ADVISING PERSONS, AT THEIR REQUEST, IN A SITUATION OF A POTENTIAL CONFLICT OF INTERESTS. THE PERSON CONCERNED IS THEN OFFERED A SOLUTION FROM THE FOLLOWING OPTIONS: (1) REGISTERING THE DECLARATION WITHOUT ANY PARTICULAR MEASURE; (2) REMOVAL OF THE PERSON INVOLVED FROM PART OR ALL OF THE ACTION OR FROM THE DECISION OF THE OLYMPIC PART AT THE ROOT OF THE CONFLICT; (3) RELINQUISHMENT OF THE MANAGEMENT OF THE EXTERNAL INTEREST CAUSING THE CONFLICT; OR (4) ANY COMPLEMENTARY MEASURES. THE PERSON CONCERNED THEN TAKES THE STEPS THAT HE/SHE CONSIDERS APPROPRIATE. IN THE EVENT THAT A PERSON NEGLECTS TO DECLARE A SITUATION OF A POTENTIAL CONFLICT OF INTETESTS, AND/OR IS AN ACTUAL CONFLICT OF INTEREST SITUATION, THE IOC CHIEF ETHICS AND COMPLIANCE OFFICER MAY REFER THE CASE TO THE IOC ETHICS COMMISSION IN ACCORDANCE WITH THE CONDITIONS SET OUT IN ITS RULES OF PROCEDURE. THE IOC ETHICS COMMISSION WILL THEN PROPOSE TO THE IOC EXECUTIVE BOARD EITHER ONE OF THE MEASURES PROVIDED ABOVE AND/OR ONE OF THE SANCTIONS DEFINED IN THE OLYMPIC CHARTER. Form 990, Part VI, Lines 15a & 15b COMPENSATION REVIEW AND APPROVAL PROCESS SUBJECT TO THE POWERS AND DUTIES OF THE IOC PRESIDENT AND OF THE EXECUTIVE BOARD, THE MANDATE OF THE HR COMMITTEE IS TO REVIEW, REPORT ON AND, IF REQUIRED, MAKE RECOMMENDATIONS TO THE IOC PRESIDENT, THE EXECUTIVE BOARD OR MANAGEMENT ON MATTERS RELATING TO COMPENSATION POLICY. THE DUTIES AND RESPONSIBILITIES OF THE HR COMMITTEE INCLUDE THE APPROVAL OF COMPENSATION AS PER THE PROCESS INCLUDED IN THE IOC HR COMMITTEE CHARTER. THE PRESIDENT SUBMITS THE PROPOSED COMPENSATION FOR THE DIRECTOR GENERAL TO THE HR COMMITTEE, WHO THEN REVIEWS AND APPROVES THE DIRECTOR GENERAL'S COMPENSATION. THE PRESIDENT, IN COLLABORATION WITH THE DIRECTOR GENERAL, SUBMITS COMPENSATION PROPOSALS FOR THE EXECUTIVE MANAGEMENT, WHICH IS THEN REVIEWED AND APPROVED BY THE HR COMMITTEE. COMPENSATION DECISIONS UTILISE KNOWLEDGE AND EXPERTISE OF THE MARKET AND COMPARABLE DATA AVAILABLE. CONTEMPORANEOUS SUBSTANTIATION OF COMPENSATION DECISIONS ARE RECORDED. Form 990, Part VI, Line 19 AVAILABILITY OF GOVERNING DOCUMENTS TO THE PUBLIC THE IOC STATUES AND BY-LAWS, WHICH FORM PART OF THE OLYMPIC CHARTER, CODE OF ETHICS, AND THE ANNUAL REPORT, WHICH INCLUDES THE FINANCIAL STATEMENTS, CAN BE FOUND ON ITS WEBSITE AT WWW.OLYMPIC.ORG. FORM 990, PART V, LINE 2A & PART VII, SECTION A COMPENSATION EMPLOYEES OF THE IOC ARE NOT U.S. RESIDENTS OR U.S. EMPLOYEES; THEREFORE, THE COMPENSATION INFORMATION FOR THESE INDIVIDUALS IS PROVIDED USING THE BEST INFORMATION AVAILABLE FORM W-2 EQUIVALENTs. Form 990, Part VII, Section A WHILE THE IOC HAS APPROPRIATELY CLASSIFIED THE INDIVIDUALS LISTED AS KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES IN ACCORDANCE WITH PART VII, THESE INDIVIDUALS ARE ALL OF EQUAL STANDING AS PART OF THE IOC ADMINISTRATION. Olympic Foundation OLYMPIC HOUSE PO BOX 351 LAUSANNE SZ PROmote olymp SZ N/A N/A NA true The Olympic FNDN for Culture & HERITAGE QUAI DOUCHY 1 LAUSANNE SZ PROMOTE OLYMp SZ N/A N/A NA true UNIVERSAL OLYMPIC ETHICS FOUNDATION OLYMPIC HOUSE LAUSANNE SZ PROMOTE OLYMp SZ N/A N/A NA true IOC Television & Marketing Services SA OLYMPIC HOUSE PO BOX 351 Lausanne SZ IOC SERVICE CO SZ NA Foreign corp. 0 0 0.00000 true Olympic Broadcasting Svcs SA (OBS SA) OLYMPIC HOUSE PO BOX 351 Lausanne SZ IOC SERVICE Co SZ NA Foreign corp. 0 0 0.00000 true Olympic Channel Services SA (OCS SA) OLYMPIC HOUSE PO BOX 351 Lausanne SZ IOC SERVICE CO SZ NA Foreign corp. 0 0 0.00000 true Olympic Broadcasting Services SL (OBS) Torrelaguna 75 Madrid SP IOC SERVICE CO SP NA Foreign corp. 0 0 0.00000 true Olympic Channel Services SL (OCS SL) Torrelaguna 75 Madrid SP IOC SERVICE CO SP NA Foreign corp. 0 0 0.00000 true false false false false false false false false false false false false false true true true false false false Schedule R, Part II, Column d EACH ORGANISATION LISTED IS CLASSIFIED AS A PUBLIC UTILITY ORGANIZATION AND IS TAX-EXEMPT UNDER SWISS DIRECT FEDERAL INCOME TAX LAW. Schedule R, Part V, Line 2 THE IOC HAS VARIOUS CONTRACTUAL ARRANGEMENTS WITH ITS RELATED ORGANISATIONS, ALL OF WHICH ARE CONDUCTED AT ARM'S LENGTH. ALL TRANSACTIONS WITH RELATED ORGANISATIONS ARE IN CONNECTION WITH THE OLYMPIC MOVEMENT.