2024-09-25T16:45:57-05:00 2023-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2023-01-01 461178146 USA Triathlon of Colorado % THE ORGANIZATION USAT 7195979090 5825 Delmonico Dr Suite 200 Colorado Springs CO 80919 Victoria Brumfield CEO 7195979090 2024-05-15 true true DOREEN B MERZ P00841439 7196301186 2024-08-30 2023 2024-08-08 14:25:15Z Victoria Brumfield 5825 Delmonico Dr200 Colorado Springs CO 80919 19291978 false X www.usatriathlon.org X 2012 CO The mission of USA Triathlon of Colorado (USAT) is to grow, inspire, and support the triathlon community. 12 12 90 429 520204 0 3188101 3091068 14550306 13765125 354194 288773 212339 288590 18304940 17433556 890911 492396 0 0 5803444 6073795 0 0 0 13352663 12881568 20047018 19447759 -1742078 -2014203 17127875 15734988 8888750 8574424 8239125 7160564 X THE MISSION OF USA TRIATHLON OF COLORADO (USAT) IS TO GROW, INSPIRE, AND SUPPORT THE TRIATHLON COMMUNITY. false false 4198451 241319 0 High Performance: SUPPORTED OLYMPIC AND PARALYMPIC ATHLETES, AS WELL AS APPROXIMATELY 450 ELITE ATHLETES ACROSS THE COUNTRY, FROM YOUTH AND JUNIOR TO OLYMPIC AND PARALYMPIC HOPEFULS, TO CONTINUE TO PURSUE THEIR ATHLETIC GOALS. 3200547 128625 2565328 Events: LAUNCHED AND EXECUTED FIVE DISTINCT EVENTS IN FOUR STATES, INCLUDING MULTISPORT NATIONAL CHAMPIONSHIP FESTIVAL, AGE GROUP NATIONAL CHAMPIONSHIPS, YOUTH AND JUNIOR NATIONALS, AND LEGACY TRIATHLON, AS WELL AS AN IN-PERSON INDUSTRY CONFERENCE TITLED ENDURANCE EXCHANGE. THOUSANDS OF SANCTIONED EVENTS AND RACE SERIES EVENTS WERE SUPPORTED THROUGH A VARIETY OF WAYS INCLUDING CUSTOMER SERVICE, MARKETING AND PROMOTION, COLLATERAL AND SIGNAGE, INSURANCE AND SAFETY AND MORE. ALSO SUPPORTED WERE INTERNATIONAL EVENTS HELD IN THE U.S. AND ADDITIONAL NATIONAL CHAMPIONSHIP EVENTS THAT WE PARTNERED WITH 3RD PARTY RACE DIRECTORS TO PRODUCE. 1275972 120203 8459494 SPORT DEVELOPMENT:OUR SPORT DEVELOPMENT DIVISION AND PROGRAMS ARE ENGAGED TO BUILD A SUSTAINABLE PIPELINE TO THE SPORT OF TRIATHLON AND MULTISPORT. WITHIN THESE PROGRAMS, WE FOCUS ON YOUTH, HIGH SCHOOL, COLLEGIATE (NCAA AND COLLEGIATE CLUB) AS WELL AS DIVERSITY INITIATIVES, SUCH AS THE "TOGETHER WE THRIVE" PROGRAMS AND GRANTS AIMED TO LOWER BARRIERS AND INCREASE ACCESS TO THE SPORT OF TRIATHLON AND MULTISPORT. 4017330 2250 2508689 Constituent Relationships 4017330 2250 2508689 12692300 true true false false false false false false false false true false false true true true false true false false true false false false false false false true true true false false false false false false false false true false false false false true true true false false true X 0 0 90 true true true false false false false false false false false false false false X 12 12 false false false false true true true true true false false true true true true true true true true false CO X X THE ORGANIZATION 7195979090 5825 DELMONICO DR SUITE 200 Colorado Springs CO 80919 Victoria Brumfield CEO 60.0 0.0 X 346255 0 31930 Tim Yount Chief of Sport Development 60.0 0.0 X 213904 0 42074 Camellia Noriega Associate General Counsel 60.0 0.0 X 191406 0 16037 Sheri Trahern CFO/COO 60.0 0.0 X 170824 0 19433 Krista M Prescott Chief Marketing/Growth Officer 60.0 0.0 X 161208 0 21068 Scott Schnitzspahn High Performance General Man. 60.0 0.0 X 165134 0 13021 Gabe Cagwin Chief Advancement Officer 60.0 0.0 X 151830 0 17901 Brian D'Amico Director of Events 60.0 0.0 X 115202 0 9551 Joel Rosinbum Chair 5.0 0.0 X X 0 0 0 Keri Serota General Director 5.0 0.0 X 0 0 0 Henry Brandon Vice Chair/Independent Dir. 5.0 0.0 X X 0 0 0 Chuck Graziano Secretary/General Director 5.0 0.0 X X 0 0 0 Gabriela Gallegos General Director 5.0 0.0 X 0 0 0 Scott Sternberg Independent Director 5.0 0.0 X 0 0 0 Colonel Yvonne Spencer General Director 5.0 0.0 X 0 0 0 Felix Stellmaszek Independent Director 5.0 0.0 X 0 0 0 William Huffman Athlete Director 5.0 0.0 X 0 0 0 Erin Storie Athlete Director 5.0 0.0 X 0 0 0 Katie Zaferes Athlete Director 5.0 0.0 X 0 0 0 Laura Oliphant Independent Dir. (From 07/23) 5.0 0.0 X 0 0 0 1515763 0 171015 10 false true false Socket Events 4 Tauber Ct CASTLE ROCK CO 80108 Production Services 104050 Gold Rabbit and Entertainment LLC 61 Prospect Ave FAIRFIELD CT 06825 Marketing Services 101574 2 790696 2300372 693436 3091068 MEMBERSHIP 900099 7305167 7305167 SPONSORSHIP 900099 2399526 2042364 357162 EVENTS 711219 2565328 2565328 CAMPS AND CLINICS 711219 286672 286672 SANCTIONING 711219 224555 224555 983877 983877 13765125 144756 144756 0 109163 109163 0 0 0 199648 1855632 -1655984 144017 144017 0 0 0 0 0 0 19175 2790 16385 16385 ADVERTISING 513120 163042 163042 163042 17433556 13533511 520204 288773 92000 92000 400396 400396 0 0 824419 364579 459840 0 4363937 1929843 2434094 154853 61216 93637 354790 227326 127464 375796 167933 207863 0 55820 627 55193 0 0 0 0 2305994 1379547 926447 26332 337 25995 937095 786576 150519 388225 90957 297268 0 565996 79488 486508 2656730 2502628 154102 0 0 0 0 376178 0 376178 2885825 2784700 101125 INKIND ATHLETIC SUPPLIES 693436 0 693436 ATHLETE EXP/MEDICAL/UNIFORM 1158606 1155516 3090 EQUIPMENT RENTAL/SM WARES 674815 668631 6184 BAD DEBT PROGRAM 156516 0 156516 19447759 12692300 6755459 0 1643136 412068 0 0 0 0 1010677 1190763 0 0 0 0 0 0 0 0 394582 368436 2410999 1494487 1216840 916512 10898297 11116223 0 0 0 0 0 0 1964343 1730986 17127875 15734988 517805 547968 0 0 6350618 6243922 0 0 0 0 0 0 1992819 1782534 0 0 27508 0 8888750 8574424 X 8239125 7160564 0 0 8239125 7160564 17127875 15734988 -2014203 935642 X false true X true false X 2482135 2877157 4446937 3188101 3091068 16085398 13009480 8933654 12310853 14233587 13427138 61914712 0 0 0 15491615 11810811 16757790 17421688 16518206 78000110 600 600 600 68500 0 70300 345899 1053934 930283 17257 15811 2363184 346499 1054534 930883 85757 15811 2433484 75566626 430286 332695 418207 231908 253919 1667015 0 430286 332695 418207 231908 253919 1667015 0 0 0 46215 0 46215 0 15921901 12143506 17175997 17699811 16772125 79713340 0.94798 0.93870 0.02091 0.02750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 181846 35878 145968 984289 904371 79918 1244864 554238 690626 916512 RIGHT OF USE ASSETS 1730986 1730986 0 0 X 18523076 935642 151091 2787 1089520 17433556 17433556 19601637 151091 2787 153878 19447759 19447759 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. Schedule D, Part XI, Line 2 D OTHER: $2,787; $2,790 Amount consists of merchandise expense which are netted with revenue in Form 990, Part VIII, ($3) rounding. Schedule D, Part XII, Line 2 D OTHER: $2,787; $2,790 Amount consists of merchandise expense which are netted with revenue in Form 990, Part VIII, ($3) rounding. true East Asia and the Pacific 0 0 Program Services Travel 5060 Europe (Including Iceland and Greenland) 0 0 Program Services Travel 373047 Middle East and North Africa 0 0 Program Services Travel 173702 North America 0 0 Program Services Travel 43984 South America 0 0 Program Services Travel 9950 0 0 0 0 605743 605743 false false false false false false Schedule F, Part I usa triathlon of colorado REPORTS ALL EXPENDITURES BASED ON THE ACCRUAL METHOD OF ACCOUNTING. true USA Triathlon Foundation 5825 Delmonico Dr 200 Colorado Sp Colorado Springs CO 80919 465062719 501(c)(3) 92000 NCAA Program 1 0 Athlete Tuition/Stipend 132 400396 Cash Sch I Part I line 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: USAT TRANSFERS RESTRICTED GRANTS UPON CASH RECEIPT OF A RESTRICTED GIFT. THE USAT RELEASES FUNDS WHEN IT HAS SUBSTANTIATED IT HAS SATISFIED ANY DONOR IMPOSED RESTRICTIONS ON THE CONTRIBUTIONS. SCHEDULE I, PART III, LINE 1, COLUMN B The number of recipients is based on the number of applications fulfilled. X X X X X false true false false false false false true false Tim Yount Chief of Sport Development 196933 16971 0 10794 31280 255978 Victoria Brumfield CEO 326054 17801 2400 10835 21095 378185 Gabe Cagwin Chief Advancement Officer 151130 0 700 7699 10202 169731 Sheri Trahern CFO/COO 153624 16000 1200 6103 13330 190257 Camellia Noriega Associate General Counsel 163356 27000 1050 664 15373 207443 Krista M Prescott Chief Marketing/Growth Officer 117958 42500 750 1930 19138 182276 Scott Schnitzspahn High Performance General Man. 146434 17500 1200 7443 5578 178155 schedule j, Part 1, Line 4b The CEO has an employment agreement to continue through 2028. schedule j, Part I, Line 7 All employees are eligible for discretionary bonuses based upon a variety of subjective criteria. Any bonuses received are reported in column B(II) of Schedule J Part II. X sports related 20 693436 Fair Market Value false false false Schedule M, Part I, Column B, Line 25 COLUMN (B) FOR LINE 25 REPORTS THE NUMBER OF CONTRIBUtors. Form 990, Part I, Line I, Description of Organization Mission: USA Triathlon of Colorado is the national governing body of the sport of Triathlon. Form 990, Part III, Line 4D CONSTITUENT RELATIONSHIPS: THIS DIVISION AND PROGRAM IS UNIQUE TO PROVIDING INFRASTRUCTURE, SUPPORT AND RESOURCES TO OUR ENTIRE MULTISPORT ECOSYSTEM OF THOSE THAT PARTICIPATE AND HELP FACILITATE THE SPORT OF TRIATHLON AND MULTISPORT. USAT CONTINUED TO PROVIDE SUPPORT, EDUCATION, AND RESOURCES TO OUR ENTIRE 300K + UNIQUE ACTIVE MEMBERS, CLOSE TO 500 RACE DIRECTORS, 1800+ COACHES, 900+ CLUBS AND 300 OFFICIALS. EACH OF THE AFOREMENTIONED SEGMENTS - ATHLETES, COACHES, CLUBS, OFFICIALS AND RACE DIRECTORS - WERE EACH SUPPORTED BY DIVERSITY EFFORTS TO GROW ACCESS AND RECEIVE GREATER LEVELS OF SUPPORT WHILE ENGAGING IN THE SPORT. Form 990, Part VI, Section A, Line 6 USA Triathlon of Colorado is a membership organization. Membership is open to any individual who is an athlete, coach, trainer, manager, administrator, or official active in the sports of triathlon, or to any other individual who is interested in the goals and objectives of USA Triathlon of Colorado. The classes of members are elite athletes, other athletes, youth, and general. Youth Membership is for individuals under the age of 18 and youth members do not have voting right. Form 990, Part VI, Section A, Line 7A THERE ARE TWELVE (12) MEMBERS OF THE BOARD OF DIRECTORS. FOUR (4) ATHLETE DIRECTORS ARE ELECTED BY ELITE ATHLETE MEMBERS. FOUR (4) INDEPENDENT DIRECTORS ARE SELECTED BY THE BOARD. FOUR (4) GENERAL DIRECTORS ARE ELECTED BY THE MEMBERSHIP. THE BYLAWS CONTAIN A TIMEFRAME FOR ELECTIONS. BALLOTS ARE MADE AVAILABLE IN MID-LATE SEPTEMBER AND THE ELECTION CLOSES APPROXIMATELY 30 DAYS THEREAFTER. Form 990, Part VI, Section A, Line 7B A VOTE OF AT LEAST NINE (9) VOTES OF THE DIRECTORS OF THE BOARD IS REQUIRED FOR ANY AMENDMENTS TO THE BYLAWS. MEMBERS VOTE ON THE GENERAL DIRECTORS. ATHLETE DIRECTORS AND MEMBERS OF THE ATHLETES' ADVISORY COUNCIL ARE ELECTED BY THE ELITE ATHLETE MEMBERS. ALL OTHER COMMITTEE MEMBERS ARE APPOINTED BY THE BOARD OF DIRECTORS. VARIOUS OTHER DECISIONS ARE RESERVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 11B THE FORM 990 WILL BE REVIEWED BY USAT'S EXECUTIVE LEADERSHIP TEAM. AFTER THE LEADERSHIP TEAM'S REVIEW, FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THEN SUBMITTED TO THE BOARD FOR REVIEW AND APPROVAL, BEFORE THE RETURN IS FILED WITH THE IRS. THE 990 WILL BE POSTED TO USAT'S WEBSITE. Form 990, Part VI, Section B, Line 12C ANNUALLY OFFICERS, DIRECTORS, STAFF AND VARIOUS OTHERS COMPLETE A CONFLICT-OF-INTEREST DISCLOSURE FORM. THEY ALSO HAVE THE OBLIGATION TO UPDATE IT ON AN ONGOING BASIS. THE USAT STAFF (AND FOR THE BOARD AND CEO, THE ETHICS COMMITTEE) REVIEWS POTENTIAL CONFLICTS. IF A CONFLICT EXISTS, THE APPLICABLE PERSON IS PROVIDED WITH GUIDANCE AS TO THEIR ABILITY TO ENGAGE IN A DELIBERATION, TRANSACTION, OR VOTE CONCERNING THE CONFLICT. Form 990, Part VI, Section B, Line 15 A & B THE CEO HAS AN EMPLOYMENT AGREEMENT THAT WAS REVIEWED BY THE COMPENSATION COMMITTEE AND BASED ON RELEVANT COMPENSATION SURVEYS. THIS AGREEMENT WAS APPROVED BY THE BOARD. THE CEO IS ALSO REVIEWED ON AN ANNUAL BASIS BASED ON PERFORMANCE METRICS. THE BOARD APPROVES THE FINAL EVALUATION FOR THE YEAR. FOR KEY EMPLOYEES, THE HR AND FINANCE TEAMS USE SURVEYS AND INDUSTRY KNOWLEDGE TO DEVELOP A RANGE FOR EACH SALARY POSITION AT USAT. THE HR AND FINANCE TEAMS PROPOSE OVERALL PAY SCALES DURING EACH BUDGET REVIEW AND IN DECEMBER, THE USAT BOARD MUST REVIEW AND APPROVE THE FOLLOWING YEAR'S BUDGET. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION PROVIDES, IN A TIMELY MANNER, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICY, WHEN REQUESTED IN WRITING OR IN PERSON. THE FORM 990, AND GOVERNING DOCUMENTS OF THE ORGANIZATION ARE POSTED ON THE ORGANIZATION'S WEBSITE AND UPDATED AS NECESSARY FROM TIME TO TIME. FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT LABOR TOTAL FEES:2305994 USA Triathlon Foundation 5825 DelMonico Dr Suite 200 Colorado Springs CO 80919 465062719 See Part VII CO 501(c)(3) Line 7 USA Triathlo true false true true true false false false false false true false true false true false true true true true USA Triathlon Foundation B 736189 inkind & cash USA Triathlon Foundation D 53035 YE balance USA Triathlon Foundation L 827798 Contract Serv. USA Triathlon Foundation c 790696 cash Schedule R, Part II, Line 1B Primary Activity of USA Triathlon Foundation is expanding triathlon accessibility and enabling participation. Schedule R, Part V, Line 2 (1) 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. The revenue received by USAT from the FDN ($183K) is reported within Program revenue on Form 990, Part VIII, Line 2. The cost of the $644,189 of services provided by USAT, to the FDN, are reported within the natural classification categories of expense, within Form 990, Part IX, and have not have been separately stated as a Grant paid out (Form 990, Part IX, Line 1) and also not reflected on Schedule I, Part II, Grants to Organizations. USAT also gave the FDN $92,000 of cash grant funds during the 2023 year. The combination of cash ($92,000) granted, and inkind services forgiven ($644,189) totals $736,189.