2024-11-07T10:05:31-06:00 2023-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2023-01-01 721581977 USA Swimming Foundation Inc % ERIC SKUFCA USAS 7198664578 1 Olympic Plaza Colorado Springs CO 80909 eric SKUFCA CFO 7198663576 2024-11-15 true true DOREEN B MERZ P00841439 7196301186 2023 2024-10-15 13:58:12Z Shana Ferguson 1 Olympic Plaza Colorado Springs CO 80909 7080884 false X WWW.USASWIMMING.ORG/FOUNDATION X 2004 CO THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES. 19 17 0 150 0 2218101 2318029 619805 954830 494729 366287 128755 288121 3461390 3927267 2393305 2329579 0 0 341024 63500 0 38500 634559 1036949 1682246 3771278 4113825 -309888 -186558 19829085 22935804 133929 1012557 19695156 21923247 X ESTABLISHED IN 2004, THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES. CONTINUED, SEE SCHEDULE O. false false 1373828 808579 954830 Saving Lives - Learn-to-Swim Initiative: USA Swimming and the USA Swimming Foundation believe that the best defense against drowning is empowering children and adults with the life-saving skill of swimming and education on how to be safer around the water. Continued, see Schedule O. 1516076 1202500 0 Building Champions - The United States is one of few countries that do not provide government funding for its Olympic-level athletes. National Team swimmers maintain a rigorous and demanding training and travel schedule; therefore, most professional swimmers do not have time to maintain traditional employment. Continued, see Schedule O. 318500 318500 276393 Impacting Communities: The USA Swimming Foundation focuses on investing in three impactful programs to increase access and opportunities for underrepresented communities: Community Impact Grants, Historically Black Colleges and Universities (HBCU) Grants and Community Swim Teams. Through the Community Impact Grant program, USA Swimming aims to grow a diverse community of champion athletes. Continued, see Schedule O. 3208404 true true false false false false false false true true false false false true true true true false false false false false true true false false true false true false false false false false false false false true false false false false true false false false true X 23 0 0 true false false false false false true true false false false false false false X 19 17 false true true false true true true true true false false true true true true true true true true false AL AR CA 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 ERIC SKUFCA 7198664578 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 X TIMOTHY HINCHEY CHIEF EXECUTIVE OFFICER 5.0 35.0 X 0 895205 67350 ERIC SKUFCA CHIEF FINANCIAL OFFICER 5.0 35.0 X 0 299055 61937 CULLEN JONES DIRECTOR 4.0 0.0 X 34000 0 0 ELIZABETH BEISEL SECRETARY 4.0 0.0 X X 29500 0 0 JEFF MOXIE DIRECTOR (To 11/2023) 4.0 0.0 X 0 0 0 DAVID SHACKLEY BOARD CHAIR 4.0 0.0 X X 0 0 0 ANNE BERRY VICE-CHAIR 4.0 0.0 X X 0 0 0 DAVID WIEDERECHT DIRECTOR (To 11/2023) 4.0 0.0 X 0 0 0 ALEX BLAVATNIK DIRECTOR 4.0 0.0 X 0 0 0 JILL BORNSTEIN DIRECTOR 4.0 0.0 X 0 0 0 CYNTHIA EUBANKS DIRECTOR 4.0 0.0 X 0 0 0 DAWSON HUGHES DIRECTOR 4.0 0.0 X 0 0 0 JAY DEFINIS TREASURER 4.0 0.0 X X 0 0 0 GREG PINCHBECK DIRECTOR 4.0 0.0 X 0 0 0 JON KOSSOW DIRECTOR 4.0 0.0 X 0 0 0 TIM BUCKLEY DIRECTOR 4.0 0.0 X 0 0 0 Kimberly Chen Bock Director (from 11/2023) 4.0 0.0 X 0 0 0 Dan Clough Director 4.0 0.0 X 0 0 0 John Enquist Director 4.0 0.0 X 0 0 0 Kelley Gay Director (from 11/2023) 4.0 0.0 X 0 0 0 Heather Glass Director (from 11/2023) 4.0 0.0 X 0 0 0 Kyle Jackson Director 4.0 0.0 X 0 0 0 Mary Wayte Bradburne Director (FROM 09/2023) 4.0 0.0 X 0 0 0 Andrew Wilson DIRECTOR 4.0 0.0 X 0 0 0 63500 1194260 129287 0 false true false USA Swimming Inc 1 OLYMPIc PLAZA COLORADO SPRINGS CO 80909 Management services 770000 1 X 292290 2025739 223063 2318029 SPONSORSHIPS 900099 898098 898098 SPONSORSHIPS - APPAREL INKIND 900099 50014 50014 OTHER PROGRAM REVENUE 900099 6718 6718 954830 472961 472961 0 276393 276393 0 0 0 2836247 2942921 -106674 -106674 -106674 222424 292290 210696 11728 11728 0 0 0 0 0 0 0 3927267 1231223 378015 X 2329579 2329579 0 0 0 63500 63500 0 0 0 0 0 770000 370508 42022 357470 17028 17028 16478 16478 0 38500 38500 38100 38100 96434 30168 66266 288 288 84054 11721 25734 46599 1681 559 627 495 0 0 452851 279955 32367 140529 0 0 0 0 0 0 RECOGNITION AWARDS & FULFILLME 113037 62103 10792 40142 GEAR, EQUIPMENT, & APPAREL 79690 59534 10531 9625 DUES & SUBSCRIPTIONS 12605 777 10629 1199 4113825 3208404 270862 634559 1446652 2101872 9679 9767 1549978 1520631 231964 232429 0 0 0 0 0 0 0 0 7838 251602 223876 223876 16462974 18699503 0 0 0 0 120000 120000 0 0 19829085 22935804 22690 17027 0 0 50900 436168 0 0 0 0 0 0 0 0 0 0 60339 559362 133929 1012557 X 12057009 13442501 7638147 8480746 19695156 21923247 19829085 22935804 X -186558 2464649 -50000 X X false true X true false X X 1 USA SWIMMING INC 204264282 10 true 3208404 0 1 3208404 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16455539 330000 2746241 771250 18760530 19927985 297500 -3008946 761000 16455539 17295618 120000 1723010 728750 18409878 19350689 25000 1646179 3726250 17295618 17623516 2602173 875000 19350689 0.63810 0.31290 0.04900 false false 0 0 0 0 0 0 223876 223876 0 0 0 DUE TO USA SWIMMING, INC. 559362 559362 X 6631463 2464649 290000 37647 2792296 3839167 38100 50000 88100 3927267 4403372 290000 37647 327647 4075725 38100 38100 4113825 SCHEDULE D, PART V, Line 1a and Line g column (b) Prior year, line 1a, and column (c) "two years back", line 1g: during 2022, 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 for the 2022 year. SCHEDULE D, PART V, LINE 4: 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: The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Foundation qualifies for the charitable contribution deduction and has been classified as an organization other than a private foundation. The Foundation believes that it does not have any uncertain tax positions that are material to the financial statements. SCHEDULE D, PART XI, LINE 2D: Other : $37,647 Fundraising event expenses reported in audited financial statement as expense, reclassified to revenue for tax return. SCHEDULE D, PART XI, LINE 4B: Other : $50,000 Uncollectible pledge receivable reclassified as other change in net asset for tax return. SCHEDULE D, PART XII, LINE 2D: Other : $37,647 Fundraising event expenses reported in audited financial statement as expense, reclassified to revenue for tax return. X X true Abundant Philanthropy LLC 3253 S Indiana Ave Apt A Milwaukee WI 532073036 GRANT WRITING false 80000 38500 80000 38500 AL AR CA 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 Silent Auction 514714 292290 222424 210696 0 514714 292290 222424 210696 210696 11728 true usa swimming inc 1 Olympic Plaza Colorado Springs CO 80909 204264282 501(c)(3) 1521000 National Team and Community Impact Harris County Precinct One Street Olympics 2727 El Camino St Houston TX 77054 760227692 501(c)(3) 10000 Learn to Swim YMCA of the North 651 Nicollet Mall Ste 500 Minneapolis MN 55117 422563299 501(c)(3) 24648 Learn to Swim St Augustine Prep AcademyWalter Schroeder Aquatic 2607 S 5th St Milwaukee WI 53207 331195220 501(c)(3) 12500 Learn to Swim V3 Sports 701 Plymouth Ave North Minneapolis Minneapolis MN 55411 474208106 501(c)(3) 31185 Learn to Swim Nashville Dolphins 95 White Bridge Rd St 209 Nashvil Nashville TN 37205 271246431 501(c)(3) 9500 Learn to Swim YMCA of Greater Louisville 545 S 2nd St Louisville KY 40202 610444843 501(c)(3) 15000 Learn to Swim YMCA of the North Shore 245 Cabot St Beverly MA 01915 042104913 501(c)(3) 9725 Learn to Swim YMCA of Greater Montgomery 880 S Lawrence St Montgomery AL 36104 630288885 501(c)(3) 15000 Learn to Swim YMCA of Southwest WA 766 15th Ave Longview WA 98632 910565021 501(c)(3) 10000 Learn to Swim YMCA of Eastern Union County 144 Madison Ave Elizabeth NJ 07201 221487381 501(c)(3) 10000 Learn to Swim KU Medical Center 3901 Rainbow Blvd MS 2003 Kansas City KS 66160 481124839 Government 8750 Learn to Swim Dads Club Aquatic Center 1006 Voss Rd Houston TX 77055 760351808 corporation 5500 Learn to Swim Bangor Region YMCA 17 Second St Bangor ME 04401 010211485 501(c)(3) 8200 Learn to Swim Raritan Valley YMCA 144 Tices Lane E Brunswick NJ 08816 221494457 501(c)(3) 10000 Learn to Swim Kenosha YMCA 7101 53rd St Kenosha WI 53144 390826296 501(c)(3) 6250 Learn to Swim I-Tri (inspirational triathalon racing intl) PO Box 567 East Hampton NY 11937 900635108 501(c)(3) 6912 Learn to Swim Houston Independent School Distict 4400 W 18th St Houston TX 77092 746001255 Government 44800 Learn to Swim Atlantis Swim School LLC 8155 WEST 9TH CT HIALEAH FL 33014 811342146 LLC 7000 Learn to Swim Boys and Girls Clubs of San Dieguito 533 LOMAS SANTA FE DR Solona Beach SOLONA BEACH CA 92075 952470435 501(c)(3) 15000 Learn to Swim City of Brooklyn Center 6301 Shingle Creek Pkwy Brooklyn C Brooklyn Center MN 55430 416005011 Government 8500 Learn to Swim City of Scottsdale 15525 N THOMPSON PEAK PKWY Scottsd SCOTTSDALE AZ 85260 866000735 Government 6000 Learn to Swim Friends of Pool Inc 25 PARK PL 5TH FLOOR NEW YORK NY 10007 611745367 501(c)(3) 10000 Learn to Swim Greater Holyoke YMCA 171 PINE ST HOLYOKE MA 01040 042192693 501(c)(3) 6000 Learn to Swim Hamilton Area YMCA 1315 Whitehorse Mercerville Rd Ham Hamilton NJ 08619 210702879 501(c)(3) 13000 Learn to Swim Holland Area Community Swimming Pool Authority 550 Maple Ave Holland MI 49423 461157667 501(c)(3) 12500 Learn to Swim Magnolia Aquatics Center 1488 Bulldog Blvd Magnolia TX 77354 746003129 Government 11700 Learn to Swim Marydell Faith & Life Center 640 NORTH MIDLAND AVE NYACK NY 10960 810994637 501(c)(3) 7500 Learn to Swim Mean Aquatics INC 14803 STELLAS POINT CT HUMBLE TX 77396 883234900 501(c)(3) 10000 Learn to Swim Parkview Huntington Family YMCA 1160 W 500 N Huntington IN 46750 350905959 501(c)(3) 9600 Learn to Swim South Shore YMCA 79 Coddington St Quincy MA 02169 042105881 501(c)(3) 12790 Learn to Swim Summerville Family YMCA 140 SOUTH CEDAR ST Summerville SC 29483 570643100 501(c)(3) 10250 Learn to Swim Swim Beyond LLC 482 PRINCETON WAY NE Atlanta GA 30307 811301017 501(c)(3) 7875 Learn to Swim Swim Strong Foundation PO BOX 701165 EAST ELMHURST NY 11370 371526132 501(c)(3) 9800 Learn to Swim The Riviera Club Foundation 5640 N ILLINOIS INDIANAPOLIS IN 46208 825283610 501(c)(3) 6460 Learn to Swim Trident Swim Foundation Inc 150 W 55TH ST New York NY 10019 260640050 501(c)(3) 15000 Learn to Swim Walden Investment Holdings LLC dba Goldfish swim 1113 MURFREESBORO RD STE 201 Fran FRANKLIN TN 37064 813319886 LLC 8750 Learn to Swim Whitewater Aquatics Management PO BOX 46517 SEATTLE WA 98146 272422684 501(c)(3) 20000 Learn to Swim YMCA of Georgia's Piedmont 50 BRAD AKINS DR WINDER GA 30680 201759275 501(c)(3) 7500 Learn to Swim YMCA of Greater Des Moines 501 Grand Ave Des Moines IA 50309 420680438 501(c)(3) 15140 Learn to Swim YMCA of Greater Houston Area 2600 N Loop W ste 300 Houston TX 77092 741109737 501(c)(3) 28500 Learn to Swim YMCA of San Francisco 169 STEUART ST SAN FRANCISCO CA 94105 940997140 501(c)(3) 13125 Learn to Swim YMCA of South Palm Beach County Inc 6631 Palmetto Circle S Boca Raton FL 33433 591416281 501(c)(3) 8500 Learn to Swim YMCA of the Triangle Inc 801 CORPORATE CENTER DR STE 200 R RALEIGH NC 27607 560591307 501(c)(3) 15500 Learn to Swim 36 8 SCHEDULE I, PART I, LINE 2: DEPENDENT UPON THE GRANT PROGRAM THE FOUNDATION REQUIRES FROM THE GRANTEES AN APPLICATION THAT INCLUDES DETERMINaTION FOR USE OF FUNDS UPFRONT AND/OR TO PROVIDE A FINAL REPORT DEMONSTRATING HOW THE GRANT FUNDS WERE SPENT. false false false false false false false false false TIMOTHY HINCHEY CHIEF EXECUTIVE OFFICER 0 690205 0 196000 0 9000 33000 34350 0 962555 ERIC SKUFCA CHIEF FINANCIAL OFFICER 0 248055 0 51000 0 0 30600 31337 0 360992 SCHEDULE J, PART I, LINE 3: Related organization compensation policy the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process. SCHEDULE J, PART I, LINE 1-3, PART II USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR THE USE OF FACILITIES AND CONTRACTED STAFF SERVICES FOR ACCOUNTING, FINANCE, COMMUNICATIONS, CREATIVE, AND HUMAN RESOURCES. SINCE USAS 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 USAS, 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: TIMOTHY HINCHEY, CEO, AND ERIC SKUFCA, CFO. SIMILAR TO PRIOR YEARS, USAS CONTRIBUTED BACK TO THE FDN A PORTION OF THE TIME COST OF CONTRACTED STAFF SERVICES, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS) CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS. X AUCTION ITEMS 92 173049 MARKET VALUE X apparel 1 50014 market value 0 false false false SCHEDULE M, LINE 25: COLUMN (B) FOR LINE 25 REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1: Mission statement (continued): Whether providing grant funding to members of our lesson provider network, supporting the dreams of National Team members, or growing the sport in traditionally underserved populations, the Foundation is proud to serve as the philanthropic arm of USA Swimming. Swimming is the only sport that can save a life, and our work is critical towards making the sport an equitable space. FORM 990, PART III, LINE 4A: Saving Lives - Learn-to-Swim Initiative (continued): In 2021, that mission was expanded when U.S. Masters Swimming (USMS) moved its fundraising efforts for adult learn-to-swim programs from its USMS Swimming Saves Lives Foundation to the USA Swimming Foundation. Bringing all learn-to-swim fundraising efforts under the USA Swimming Foundation umbrella is creating greater generational impact by providing swim lessons to all ages. With the help of a network of more than 1,600 swim lesson providers and water safety advocates across the country, USA Swimming and the USA Swimming Foundation educate parents through a national awareness campaign, save lives by supporting free and reduced-cost programming and share with millions the lifesaving skill of swimming. Each year, in an effort to raise national awareness of the importance of learning to swim, the USA Swimming Foundation embarks on the Make-a-Splash Tour presented by Phillips 66. The annual tour is designed to educate the public about the importance of the lifesaving skill of swimming and how to continue water safety education in a safer way. The Tour has visited more than 60 U.S. cities since 2008. FORM 990, PART III, LINE 4B: Building Champions - National Team (continued): Travel, physical therapists, strength trainers, nutritionists, sports psychologists and other experts are essential for peak physical performance, mental wellness and positive team culture. The USA Swimming Foundation provides financial support to members of the USA Swimming National Team for the continued growth and development of those who set the world standard for excellence in the pool year after year. One of the premiere programs fostered by the USA Swimming Foundation is the Donor Athlete Partnership Program. This mentorship program focuses on athlete support in and out of the pool. By investing in leadership development, networking, career exploration and development, investors in this program support athletes with transition services and planning for life after swimming. FORM 990, PART III, LINE 4c Building Champions - Impacting Communities (continued): Through the Community Impact Grant program, USA Swimming aims to grow a diverse community of champion athletes by creating competitive opportunities within diverse communities. Grant dollars are utilized for learn-to-swim programming, scholarships, technology, equipment and administrative support. By investing in Historically Black Colleges and Universities, we aim to revitalize aquatic programming within these diverse communities by supporting new water safety education and competitive opportunities. Grant dollars are utilized for learn-to-swim programming, club travel expenses, technology and equipment and administrative support. Community Swim Teams aim to grow USA Swimming membership by partnering with municipal and recreational departments throughout the U.S. to provide athletes with membership resources and competitions, to offer municipal coaches access to education, professional development and introduce a new diverse population of families, athletes and coaches to USA Swimming. FORM 990, PART VI, LINE 3, and PART IX, LINE 11 A: USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR THE USE OF FACILITIES AND CONTRACTED STAFF SERVICES FOR ACCOUNTING, FINANCE, COMMUNICATIONS, CREATIVE, AND HUMAN RESOURCES. SINCE USAS 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 USAS, 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: TIMOTHY HINCHEY, CEO, AND ERIC SKUFCA, CFO. SIMILAR TO PRIOR YEARS, USAS CONTRIBUTED BACK TO THE FDN A PORTION OF THE TIME COST OF CONTRACTED STAFF SERVICES, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS) CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS. FORM 990, PART VI, SECTION A, LINE 4: The organization's Bylaws were amended: (1) to clarify the corporate governance relationship between Foundation and USA Swimming; (2) to revise the financial responsibilities and obligations of Foundation, including its budgeting process and staffing fees; (3) to eliminate the Trustees Council; (4) to update notice requirements; and (5) for general housekeeping adjustments. FORM 990, PART VI, SECTION A, LINE 6: USA SWIMMING, INC. IS THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A: THE SOLE MEMBER OF THE ORGANIZATION, USA SWIMMING, INC. ELECTS ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B: USA SWIMMING'S BOARD OF DIRECTORS HAS TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS VIA EMAIL AND THEY 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 FOUNDATION 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: the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process. The filing organization (usa swimming foundation) did not have any employees during the 2023 year. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS FORM 1023, 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: BOARD MEMBERS MAY BE COMPENSATED FOR SERVICES PROVIDED TO THE FOUNDATION. THIS COMPENSATION IS DETERMINED BASED ON THE NORMAL PRACTICES OF THE FOUNDATION. NO BOARD MEMBER IS COMPENSATED FOR THEIR SERVICES ON THE BOARD OF DIRECTORS. FORM 990, PART VIII, LINE 1G USA SWIMMING (USAs) PROVIDED THE USA SWIMMING FOUNDATION (FDN) CONTRACTED STAFF SERVICES FOR ACCOUNTING, FINANCE, COMMUNICATIONS, CREATIVE, AND HUMAN RESOURCES DURING THE 2023 YEAR, for a TOTAL value of $1,060,000. SIMILAR TO PRIOR YEARS, USAs FORGAVE/ CONTRIBUTED BACK TO THE FDN A PORTION (DISCOUNT) OF THE SERVICE FEE, IN THE AMOUNT OF $290,000. FOLLOWING THE IRS REPORTING REQUIREMENT, THE INKIND (NONFINANCIAL ASSET) SERVICE CONTRIBUTION OF $290,000 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 XI, LINE 9: OTHER CHANGE IN NET ASSET IS - UNCOLLECTIBLE PLEDGES $50,000. 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. USA SWIMMING INC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 204264282 SWIMMING CO 501(C)(3) 10 NA false false true false true true false false false false false true false true true false true false true true