2024-11-15T13:34:19-06:00 2023-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2023-01-01 465062719 USA Triathlon Foundation % THE ORGANIZATION USAT 7198845604 5825 Delmonico Drive Suite 200 Colorado Springs CO 80919 Christi-Marie Butler president 7198845604 2024-11-15 true true DOREEN B MERZ P00841439 7196301186 2023 2024-10-15 13:58:12Z Christi-Marie Butler 5825 Delmonico Drive200 Colorado Springs CO 80919 3342966 false X www.usatriathlonfoundation.org X 2014 CO The mission of the USA Triathlon Foundation is to support and promote triathlon, and open pathways Continued in Schedule O 15 15 0 10 0 2181855 3325743 0 0 -2198 17223 5585 0 2185242 3342966 783848 1104174 0 0 0 0 0 0 0 489777 683362 1273625 1787536 911617 1555430 1611693 3146764 314233 293874 1297460 2852890 X THE MISSION OF THE USA TRIATHLON FOUNDATION IS TO SUPPORT AND PROMOTE TRIATHLON, AND OPEN PATHWAYS TO TRIATHLON TO THOSE WHOM IT MIGHT NOT OTHERWISE BE POSSIBLE. (CONTINUED ON SCH O) false false 396805 396805 0 USA Triathlon Foundation believes every aspiring elite athlete should get their shot at racing on the world stage and feeling the weights of an Olympic or Paralympic medal around their neck. Unlike most of our competing nations, U.S. Olympic sport organizations and their athletes do not receive any government funding. Support is more important than ever as governments around the world are increasing their financial commitment for our top competitors. Ignite Olympic and Paralympic Dreams program provides elite athletes and paratriathletes with support and opportunity to realize their potential and represent the United States on the world stage.(Cont'd Sch O) 178564 178415 USA Triathlon Foundation believes every child should have the opportunity to be active and experience the joys of swim-bike-run. Encourage Youth Participation program helps us build connections across the country between schools, clubs, coaches, and race directors to offer training opportunities, equipment and resources, and to create the next generation of multisport athletes and leaders. The Empower NCAA Women's Triathlon program provides the ability for young women to chase their athletic dreams while pursuing their academic and community passions is an unmatched opportunity.(Cont'd Sch O) 58600 58600 USA Triathlon Foundation believes everyone should have the support and access to participate, grow and excel in triathlon/multisport. The Inspire Pathways to Access and Inclusion program is committed to giving those who don't have opportunities to compete the chance to realize their athletic dreams and progress through leadership pathways in the sport. 690044 470355 1324013 true true false false false false false false false false true false false false true true false true false false false false false false false false false true true true false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false true true false false false false false false X 15 15 false true false false true true true true true false false true true true true false true false false false CO X THE ORGANIZATION 7198845604 5825 DELMONICO DRIVE 200 COS CO 80919 Victoria Brumfield CEO (From 7/2023 to 9/2023) 0.0 60.0 X 0 346255 31930 Gabe Cagwin President (TO 07/2023) 5.0 55.0 X 0 151830 17901 Christi-Marie Butler President (from 9/2023) 5.0 55.0 X 0 69044 1374 Alex Egan Chair 5.0 0.0 X X 0 0 0 Stephen Ban Trustee 5.0 0.0 X 0 0 0 Brenda Smith Trustee 5.0 0.0 X 0 0 0 Jacqueline McCook Trustee (TO 12/2023) 5.0 0.0 X 0 0 0 Melissa Stockwell Trustee (TO 12/2023) 5.0 0.0 X 0 0 0 Paul Gompers Trustee 5.0 0.0 X 0 0 0 John Cassimatis Trustee (TO 12/2023) 5.0 0.0 X 0 0 0 William Bill Shenkin Treasurer 5.0 0.0 X X 0 0 0 Frantz Alphanso Trustee 5.0 0.0 X 0 0 0 Reggie Waller Secretary 5.0 0.0 X X 0 0 0 Audra Mallow Vice Chair 5.0 0.0 X X 0 0 0 Cameron Hamilton Trustee (From 11/2023) 5.0 0.0 X 0 0 0 Rick Hrabchak Trustee (From 11/2023) 5.0 0.0 X 0 0 0 Marci Jenkins Trustee (From 11/2023) 5.0 0.0 X 0 0 0 Justin Model Trustee (From 11/2023 5.0 0.0 X 0 0 0 Cheryl Perry Trustee 5.0 0.0 X 0 0 0 0 567129 51205 0 false true false USA TRIATHLON OF COLORADO 5825 DELMONICO DRSTE200 COLORADO SPRINGS CO 80919 CONTRACTED SERVICES 183564 1 92000 3233743 32817 3325743 0 17223 17223 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3342966 17223 969123 969123 135051 135051 0 0 0 0 0 0 0 0 185425 1550 183875 0 0 0 0 0 58281 10036 48245 42788 1586 41202 62226 20633 41593 8219 0 8219 0 0 271592 165403 106189 0 0 0 0 2262 0 2262 4391 0 4391 ATHLETE AWARDS 26261 784 25477 RENTAL EQUIPMENT 14809 14409 400 PRODUCTION COSTS 5438 5438 0 FEES 1671 0 1670 1787536 1324013 463523 0 705196 1128156 0 0 704426 1363263 69203 0 0 0 0 0 0 0 0 0 6162 3251 11297 11222 2337 75 124369 652019 0 0 0 0 0 0 0 0 1611693 3146764 40450 48221 0 0 53775 36392 0 0 0 0 0 0 0 0 159500 156152 60508 53109 314233 293874 X -100703 -15165 1398163 2868055 1297460 2852890 1611693 3146764 1555430 X false true X true false X 481596 628988 1294001 2181855 3325743 7912183 0 0 481596 628988 1294001 2181855 3325743 7912183 1795556 6116627 412 5 7 5606 17223 23253 0 0 7935436 63974 0.77080 0.93503 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11297 11222 75 75 0 DUE TO USA TRIATHLON OF COLORA 53109 53109 X 3987155 644189 644189 3342966 3342966 2431725 644189 644189 1787536 1787536 Schedule D, Part X, Line 2 Triathlon and the Foundation qualify as tax-exempt organizations under the provisions of Section 501(c)(3) of the Internal Revenue Code. Income from activities not directly related to Triathlon's and the Foundation's tax-exempt purpose is subject to taxation as unrelated business income. Triathlon and the Foundation are subject to examination by various taxing authorities generally for three to five years after the filing of their Return of Organization Exempt from Income Tax (Form 990). Triathlon and the Foundation do not believe that they have any uncertain tax positions that are material to the consolidated financial statements. true USA TRIATHLON OF COLORADO 5825 DELMONICO DRSTE200 COLORADO SPRINGS CO 80919 461178146 501(C)(3) 790696 See Part IV I-Tri 15 Bryant St East Hampton NY 11937 900635108 501(C)(3) 25000 See Part IV Naval Academy Athletics 566 Brownson Rd Annapolis MD 21402 520613669 501(C)(3) 60000 See Part IV Leff Family Foundation 278 W Ashland St Doylestown PA 18901 474483358 501(C)(3) 20000 See Part IV 4 0 ATHLETE TUITION/UNIFORMS/SUPPLIES/STIPEND 60 102234 32817 FMV ATHLETIC SUPPLIES Sch I Part 1 line 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: USATF TRANSFERS RESTRICTED GRANTS UPON CASH RECEIPT OF A RESTRICTED GIFT. THE USATF RELEASES FUNDS WHEN IT HAS SUBSTANTIATED IT HAS SATISFIED ANY DONOR IMPOSED RESTRICTIONS ON THE CONTRIBUTIONS. SCH I, Part II, Column H, Line 1 - 8 purpose: to provide operational support for Triathlon clubs and athletic programs. false false false false false false false false false Gabe Cagwin President (TO 07/2023) 151130 0 700 7699 10202 169731 Victoria Brumfield CEO (From 7/2023 to 9/2023) 326054 17801 2400 10835 21095 378185 schedule j, Part I, Line 3 The filing organization, USA Triathlon Foundation (FDN), did not employ any individuals during the 2023 calendar year. a Related organization, USA Triathlon of Colorado (USAT), provided contracted services to the FDN for the 2023 year, which included contracted management services. The contracted management services were performed primarily by Mr. Gabe Cagwin and Ms. Victoria Brumfield. Since Mr. Cagwin and Ms. Brumfield are an employees of a related organization, and served as the acting top management / top financial Officers of the FDN, through their contracted role of President of the FDN (Cagwin), and CEO (Brumfield), their compensation from USAT has been reported on Form 990 Part VII, and Schedule J, Part II. Related organization, USAT, has a Compensation committee and a compensation policy in place for Officers and Key employees. FOR KEY EMPLOYEES, THE CFO USES SURVEYS AND INDUSTRY KNOWLEDGE TO DEVELOP A RANGE FOR EACH SALARied POSITION AT USAT. THE CFO/CEO PROPOSES OVERALL PAY SCALES DURING EACH BUDGET REVIEW AND IN NOVEMBER, THE USAT BOARD APPROVES, OR APPROVES WITH CHANGES, THE FOLLOWING YEAR's BUDGET and proposed compensation packages. X ATHLETIC CLOTHING/EQUIPMENT 7 32817 FMV 0 false false false Schedule M, Part I, Column B COLUMN (B) FOR line 25 REPORT THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part I, Line 1 USA Triathlon Mission (continued): The foundation focuses on three key areas (youth, paratriathlon, and every athlete chasing his or her Olympic dreams). Form 990, Part III, Line 1 The foundation focuses on three key areas (youth, paratriathlon, and every athlete chasing his or her Olympic dreams). Form 990, Part VI, Section A, Line 3 Continuing in 2023, USA Triathlon Foundation (FDN), contracted with the related organization USA Triathlon (USAT), for the use of facilities, programmatic services, and management/ administrative services including IT support services. Since USAT and FDN are related organizations, all the compensation paid during the 2023 calendar year to individuals serving AS OFFICERS OF THE FDN, who were employed by USAT, HAVE been detailed out on Form 990, Part VII, Section A. The following individuals served the FDN during the 2023 calendar year as officers, within a contracted service arrangement: Gabe Cagwin, President (To 07/2023) and Victoria Brumfield, CEO (From 7/2023). Form 990, Part VI, Section A, Line 6 The organization has one voting member, USA Triathlon. Form 990, Part VI, Section A, Line 7A The sole voting member, USA Triathlon, appoints all members of the board of directors. Form 990, Part VI, Section A, Line 7B All Amendments to governing documents, including the articles of incorporation and bylaws, must be approved by the sole voting member, USA Triathlon. Form 990, Part VI, Section B, Line 11B The Form 990 will be reviewed by the Treasurer of the Trustees, and the related organization's CFO (USA Triathlon). After this preliminary review, the Form 990 is submitted to USA Triathlon's Finance Committee for review and recommendation to the full Board for review and approval before the return is filed with the IRS. Form 990, Part VI, Section B, Line 15 A B The Organization did not have any employees or paid officers during the 2023 calendar year. However, a compensation policy is in place that would require the Board as a whole, as the Executive Committee, to review the compensation of all officers by comparing their compensation to compensation of individuals in like positions, in like organizations using Form 990, compensation studies, and other available data. The Board or Committee would then approve any changes in compensation based on this information. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION WILL PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON. Form 990 Part VIII, Line 1g Form 990, Part IX, Lines 11 a USA TRIATHLON (USAT) PROVIDED CONTRACTED SERVICES TO USA TRIATHLON FOUNDATION (FDN) DURING THE 2023 YEAR IN THE AMOUNT OF $827,798. THE FDN PAID USAT $183,564 FOR THESE CONTRACTED SERVICES. THE REMAINING BALANCE OF $644,189, DUE TO USAT, WAS FORGIVEN/ CONTRIBUTED BACK TO THE FDN BY USAT. FOLLOWING IRS REPORTING REQUIREMENT, THE INKIND SERVICE CONTRIBUTION OF $644,189 HAS BEEN EXCLUDED FROM THE FDN'S FORM 990 PART VIII STATEMENT OF REVENUE, AND FORM 990 PART IX FUNCTIONAL EXPENSE. THE CONTRIBUTED SERVICES ARE ALSO NOT INCLUDED ON SCHEDULE B, SCHEDULE OF CONTRIBUTORS. Form 990, Part III Line 4a (continued) These grants enable the United States to achieve unprecedented global triumphs by building sustained success at the sport's highest level and helping athletes reach their performance goals. Form 990, Part III, line 4b (continued) Support for both grants for universities and colleges to start and maintain NCAA women's triathlon programs, and for individual student-athletes. USA Triathlon 5825 Delmonico Sr STE 200 Colorado Springs CO 80919 461178146 NGB of triath CO 501(c)(3) Line 10 NA false false true true true true false false false false true false true true false true true true true