2024-02-06T13:12:59-06:00 2023-04-30 450250958 Eide Bailly LLP 5 Triad Center Ste 600 Salt Lake City UT 841801106 990 2022-05-01 261302567 Center of Excellence Properties Fund CENT 4356499090 PO Box 100 Park City UT 84060 Brooke McAffee CFO 4356499090 2024-01-26 1 Brooke McAffee 999009999 0 Kyle Fritch CPA P01313374 8015322200 2024-01-26 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Sophie Goldschmidt PO Box 100 Park City UT 84060 2196790 0 X www.ussa.org X 2007 UT Support the development, education, training, and competition of athletes 3 2 0 25 149430 25154 0 0 2196000 2196000 0 790 0 0 2196000 2196790 750000 900000 0 0 0 0 0 0 0 1272116 1279595 2022116 2179595 173884 17195 16676894 16465889 15196456 14968256 1480438 1497633 Operates exclusively for the benefit of supporting the development, education, training, and competition of the elite national, international, and development athletes in skiing and snowboarding. 0 0 2059698 900000 2046570 The Center of Excellence Properties Fund was formed to support the development, education, training, and competition of elite national, international, and development of athletes in skiing and snowboarding. It is the sole member of Center of Excellence Properties, LLC. LLC owns a training center and office building designed to support the training and development of such athletes. The United States Ski Association has entered into a long-term lease to utilize the facility to support the development, education, training, and competition of elite athletes in skiing and snowboarding. 2059698 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 1 0 UT X Brooke McAffee 4356499090 PO BOX 100 Park City UT 84060 X Brooke McAffee CFO/ Secretary-Treasurer 3.00 37.00 X X 24152 297874 8048 Kipp Nelson Board Chair 1.00 2.30 X 0 0 0 Steve Strandberg Vice Chair 1.00 5.00 X 0 0 0 Sophie Goldschmidt CEO 1.00 39.00 X 15644 610121 39778 Tiger Shaw Former Officer 0.00 0.00 X 7807 304487 0 47603 1212482 47826 0 1 1 0 0 Rental Income 531120 2196000 2046570 149430 2196000 790 790 2196790 2046570 149430 790 900000 900000 6720 6720 3250 3250 50274 50274 422455 400911 21544 796896 755537 41359 2179595 2059698 119897 0 697579 1059365 25673608 10849854 15396545 14823754 582770 582770 16676894 16465889 50577 121301 37358 15145879 14809597 15196456 14968256 X 1480438 1497633 1480438 1497633 16676894 16465889 17195 0 X 0 1 X 1 0 X X X 1 United States Ski Association 870480724 10 1 900000 0 1 900000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part I, Line 12g (vi) The Center of Excellence Properties Fund supports the United States Ski Association by owning a training center and building leased by the United States Ski Association to support the development, education, training and competition of elite athletes in skiing and snowboarding. 2185876 2185876 23469676 10831798 12637878 18056 18056 0 14823754 X 2196790 0 2196790 0 2196790 2179595 0 2179595 0 2179595 Part X, Line 2: Management believes the organization 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. 1 United States Ski Association PO Box 100 Park City UT 84060 870480724 501 (C) (3) 900000 0 Support 1 0 Part I, Line 2: All grant funds are issued to the United States Ski Association, a related organization. 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 Sophie Goldschmidt CEO 12519 488246 3125 121875 0 0 360 14062 634 24721 16638 648904 0 0 Brooke McAffee CFO/ Secretary-Treasurer 20177 248849 3975 49025 0 0 604 7444 0 0 24756 305318 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. A Park City Utah 876000260 000000000 2021-05-13 15670000 Industrial Revenue Refunding Bonds to Refund Bonds Issued 05/29/2015 0 0 0 A 663555 15670000 214234 15455766 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 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 United States Ski Association. Form 990, Part VI, Section A, line 7a The Center of Excellence Properties 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 CFO and CEO of the United States Ski Association. The CFO and Controller of 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 CEO and CFO of the United States Ski Association are 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 board members. If a conflict does arise, the individual who has the conflict will refrain from the discussion and will not vote on the matter. Form 990, Part VI, Section B, line 15b 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. Center of Excellence Properties Fund LLC PO Box 100 Park City UT 84060 Owns training center and building in support of athletes. UT 2196000 14823754 Center of Excellence Properties Fund United States Ski Association PO Box 100 Park City UT 84060 870480724 Support Athletes UT 501(c)(3) Line 10 N/A 0 USSA Investment Fund PO Box 100 Park City UT 84060 203899237 Support Athletes UT 501(c)(3) Line 12b, II 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 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0