2024-03-15T18:26:16-05:00 2023-04-30 450250958 Eide Bailly LP 5 Triad Center Ste 600 Salt Lake City UT 841801106 990 2022-05-01 203899237 USSA Investment Fund USSA 4356499090 PO Box 100 Park City UT 84060 Brooke McAffee CFO 4356499090 2024-03-12 1 Brooke McAffee 999009999 0 Kyle Fritch CPA P01313374 8015322200 2024-03-12 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Sophie Goldschmidt PO Box 100 Park City UT 84060 15102403 0 X www.ussa.org X 2005 UT Operates as a support organization for the United States Ski Association. 5 4 0 10 19727 16854 4255719 3897122 0 0 1159241 1158294 0 0 5414960 5055416 2116410 2399757 0 0 0 0 0 0 0 159127 163195 2275537 2562952 3139423 2492464 64423914 66994026 7352 11245 64416562 66982781 Operates exclusively to manage the investment of endowment gifts made for the benefit of supporting the development, training, and competition of elite national, international, and development athletes in skiing and snowboarding. 0 0 2399757 2399757 Support the development of world-class athletes through grants to the United States Ski Association and the United States Ski Team Foundation. 2399757 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 UT X Brooke McAffee 4356499090 PO Box 100 Park City UT 84060 X Rich Tutino Investment Committee Chair 2.00 1.00 X 0 0 0 Brian Leach Investment Committee Vice-Chair 1.00 2.00 X 0 0 0 Kipp Nelson U.S. Ski Association Chair 1.00 2.30 X 0 0 0 Steve Strandberg U.S. Ski Association Vice-Chair 1.00 5.00 X 0 0 0 Brooke McAffee Treasurer/Secretary - CFO 1.00 39.00 X X 8052 313976 8048 Tiger Shaw Former Officer 0.00 0.00 X 7807 304487 0 15859 618463 8048 0 1 1 0 TWP Stifel One Montgomery Street Suite 3700 San Francisco CA 94104 Investment Management 142073 1 3897122 3897122 1014991 -35 1015026 10190290 10046987 143303 143303 19762 123541 5055416 0 19727 1138567 2399757 2399757 6350 6350 156845 156845 2562952 2399757 163195 0 50 50 40656814 43096225 23767050 23396207 0 501544 64423914 66994026 7352 11245 7352 11245 X 1950536 1906245 62466026 65076536 64416562 66982781 64423914 66994026 2492464 73755 0 X 0 1 X 1 0 X X X 2 United States Ski Association 870480724 10 1 2107642 0 United States Ski Team Foundation 846030639 7 0 292114 0 2 2399756 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Part I, line 12g The United States Ski Team Foundation (Foundation) is not listed as a supported organization in the governing documents. However, the Foundation is a related organization to the United States Ski Association, the listed supported organization. The Foundation's exempt purpose is to raise funds to support the United States Ski Association. Part IV, Section A, line 1 The United States Ski Team Foundation (Foundation) is not listed as a supported organization in the governing documents. However, the Foundation is a related organization to the United States Ski Association, the listed supported organization. The Foundation's exempt purpose is to raise funds to support the United States Ski Association and has always existed for this purpose. The Foundation has a historic and continuing relationship with both the United States Ski Association and the USSA Investment Fund. Schedule A, Part IV, Section A, Line 1: The grants are donated for the benefit of skiing and snowboarding. The board members of this organization are part of the United States Ski Team Foundation board. Part IV, Section C, Line 1 The directors of USSA Investment Fund are elected by virtue of each director's election or appointment to the following offices or positions within the United States Ski Association (USSA): Chair of USSA, Vice Chair of USSA, Secretary-Treasurer of USSA, Chair of USSA Investment Committee, and Vice-Chair of USSA Investment Committee. In addition, the CEO and the CFO of the United States Ski Association also serve as the CEO and CFO of the USSA Investment Fund. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59273998 3897222 542172 1315352 62398040 56150596 4255719 124246 1256563 59273998 45891364 3215603 8482563 -1438934 56150596 44280741 5253552 -2216438 1426491 45891364 40653699 3492209 1598329 1459490 4006 44280741 0.00000 1.00000 0.00000 0 0 0 Alternative Investments 23396207 F 23396207 Related Party Payables 11245 11245 X 4972325 73755 73755 4898570 156846 156846 5055416 2406106 0 2406106 156846 156846 2562952 Part V, Line 4: Support the development of world-class athletes. Part X, Line 2: Management believes that each entity has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the combined/consolidated financial statements. Management would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Central America and the Caribbean 0 0 Investments 2791957 0 0 0 0 0 0 2791957 0 2791957 1 0 0 0 1 0 Part III Accounting Method: Form 990, Part IV The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The foundation makes direct and indirect transfers to foreign corporations and foreign partnerships. The Foundation would file Form 926 or Form 8865 if the transfers met the requirements for filing. The Foundation's transfers to foreign corporations did require filing Form 926. The Foundation's transfers to foreign partnerships did require filing Form 8865. The Foundation has ownership interests in foreign corporations and foreign partnerships. The Foundation would file Form 5471 or Form 8865 if the ownership met the requirements for filing. The Foundation's ownership in foreign corporations did not require filing Form 5471. The Foundation's ownership in foreign partnerships did require filing Form 8865. The Foundation invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). The Foundation would file Form 8621's for underlying investments that generate unrelated business income. The Foundation would not file Form 8621's where the investment partnerships have properly filed Form 8621's or where the underlying investments did not generate any unrelated business income. The Foundation did not require filing Form 8621. 1 United States Ski Association PO Box 100 Park City UT 84060 870480724 501(C)(3) 2107643 0 Support United States Ski Team Foundation PO Box 100 Park City UT 84060 846030639 501(C)(3) 292114 0 Support 2 0 Part I, Line 2: All grant funds are issued to the United States Ski Team Foundation and the United States Ski Association to fund athletic programs and scholarships to outstanding athletes to assist with school expenses. On a monthly basis management monitors budgets and spending to ensure the funds are being used appropriately. 0 0 0 0 0 0 0 0 0 Brooke McAffee Treasurer/Secretary - CFO 6727 262301 1325 51675 0 0 201 7847 0 0 8253 321823 0 0 Tiger Shaw Former Officer 3044 118739 0 0 4763 185748 0 0 0 0 7807 304487 0 0 Part I, Line 3 All compensation is paid through a related party, the United States Ski Association. The Board of the United States Ski Association appoints a compensation committee, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer and key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed. Form 990, Part VI, Section A, line 1a The Executive Committee shall be comprised of at least two directors appointed by the Board of Directors. This committee shall have and may exercise all of the authority of the Board of Directors granted to the committee by the resolution establishing such committee. Form 990, Part VI, Section A, line 2 All officers and directors have a business relationship as they also serve as officers and directors to related organizations. In addition, some are employees of U.S. Ski Association. Form 990, Part VI, Section A, line 7a The USSA Investment Fund Board of Directors is established from the board members of the United States Ski Association. Form 990, Part VI, Section B, line 11b The Board of Directors has delegated the review of the Form 990 to the CEO and CFO of the United States Ski Association. The CFO and Controller of the United States Ski Association work closely with the outside accounting firm engaged to prepare the return which includes their review of the draft form 990. The audit committee of the Board reviews the finalized drafts prior to providing a final copy to the Board of Directors. Form 990, Part VI, Section B, line 12c The Executive Committee of the United States Ski Association is charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the conflicts of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons. The conflict of interest policy is reviewed and signed each year by all members of the board. If a conflict arises, that member will refrain from the discussion and will not vote regarding the matter. Form 990, Part VI, Section B, line 15 All compensation is paid through a related party, the United States Ski Association. The Board of the United States Ski Association appoints a compensation committee, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer and key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy and financial statements are available for public inspection upon request. Form 990, Part VII: All employees listed in Part VII are paid by a related organization, United States Ski Association (USSA). USSA issues all W-2s related to compensation paid. Compensation listed in Part VII and in Part IX reflects the portion of total compensation and benefits allocated to this organization based on hours devoted to this organization by the employees. Form 926, STATEMENT FILED PURSUANT TO 1.6038B-1(c) AND 1.6038B-1T(c) 1) Name of U.S. Transferor: USSA Investment Fund EIN: 20-3899237 Address: PO Box 100, Park City, UT 84060 2) Name of Foreign Transferee: Dover Street X Feeder Fund L.P. EIN: 98-1454470 Address: One Financial Center, Boston, MA 02111 Country of Incorporation: Cayman Islands USSA Investment Fund, a U.S. corporation, is transferring cash of $368,272 to Dover Street X Feeder Fund L.P. on various dates in exchange for stock. 3) The following consideration was received by the U.S. transferor: Description: Common Stock Estimated Fair Market Value: $368,272 4) The following property was transferred by the U.S. transferor to the foreign transferee: (i) Active trade or business property Not Applicable (ii) Stock or securities - $368,272 of common stock in Dover Street X Feeder Fund L.P. (iii) Depreciated property Not Applicable (iv) Property to be leased Not Applicable (v) Property to be sold Not Applicable (vi) Transfers to FSCs Not Applicable (vii) Tainted property Not Applicable (viii) Foreign loss branch Not Applicable (ix) Other intangibles Not Applicable 5) The following property of a foreign branch with previously deducted losses subject to the rules of 1.367(a)-6T was transferred by the U.S. transferor to the foreign transferee: Not Applicable (6) The transfer of property by the U.S. transferor to the U.S. transferee is an exchange described in section [361(a) or (b)]. The conditions set forth in the second sentence of section 367(a)(5), and any regulations under that section, have been satisfied. The following adjustments to basis, or other adjustments, have been made to the property transferred: Not Applicable. Form 926, Statement Filed Pursuant to 1.351-3(a) 1) The name and employer identification number (if any) of the transferee corporation: Dover Street X Feeder Fund L.P. 98-1454470 2) The date(s) of the transfer(s) of assets: Various Dates 3) The aggregate fair market value and basis, determined immediately before the exchange, of the property transferred by such transferor in the exchange: Fair Market Value: $368,272 Basis: $368,272 4) The date and control number of any private letter ruling(s) issued by the Internal Revenue Service in connection with the section 351 exchange: No private letter rulings were issued with respect to the section 351 exchange. United States Ski Association PO Box 100 Park City UT 84060 870480724 Support athletes UT 501(c)(3) Line 10 N/A 0 Center of Excellence Properties Fund PO Box 100 Park City UT 84060 261302567 Support athletes UT 501(c)(3) Line 12a, I United States Ski Association 0 United States Ski Team Foundation PO Box 100 Park City UT 84060 846030639 Support athletes CO 501(c)(3) Line 7 United States Ski Association 0 United States Ski Team Inc PO Box 100 Park City UT 84060 840678334 Support athletes CO N/A C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0