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Usa Weightlifting Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311012362 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is Usa Weightlifting Inc?

Usa Weightlifting Inc, located in Colorado Springs, Colorado, serves as the national governing body for the sport of weightlifting in the United States. Their primary mission is to foster excellence in Olympic and world competitions for American athletes and promote a diverse and inclusive weightlifting community in the nation. They offer international competition opportunities to athletes in senior, junior, and youth divisions, providing stipends to top-ranked athletes and sponsoring their participation in camps and training at the Olympic Training Center in Colorado Springs. Usa Weightlifting Inc employs a team of 16 individuals dedicated to supporting and advancing weightlifting in the United States.


Official website here: www.usaweightlifting.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.

Usa Weightlifting Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's overall score is based entirely on its accountability metrics, which have all received perfect scores, indicating a high level of transparency and responsible financial management. This level of accountability suggests that the organization has established a solid foundation for trust with its stakeholders.

One of the notable strengths of Usa Weightlifting Inc is its governance structure, which is comprised entirely of independent board members. This feature enhances the organization's ability to make unbiased decisions that prioritize its mission. Additionally, the organization has robust policies in place, including conflict of interest, whistleblower, and document retention policies, all of which contribute to a culture of integrity and ethical practice.

Despite its strengths, the data does not indicate any specific limitations or areas of concern for Usa Weightlifting Inc. The organization demonstrates a strong program expense ratio of 89.57%, suggesting that a significant portion of its resources is directed towards its mission-related activities. Overall, the data paints a positive picture of Usa Weightlifting Inc as a well-managed nonprofit committed to its goals and responsibilities.


This AI summary has been generated from information found on Charity Navigator.

Is Usa Weightlifting Inc legitimate?

Usa Weightlifting Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usa Weightlifting Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $218,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $936,493

For more financial information, click here


Official website here: www.usaweightlifting.org

What is the mission statement of Usa Weightlifting Inc?

Usa Weightlifting Inc's mission is centered around supporting American athletes in achieving excellence in Olympic and world competitions. The organization also aims to foster and promote weightlifting as a sport and encourage the use of the barbell within a diverse and inclusive community in the United States. They accomplish this by providing international competition opportunities to athletes in various divisions and offering monthly stipends to top-ranked athletes. Additionally, qualified athletes and their coaches participate in camps and at the Olympic Training Center in Colorado Springs, with travel, accommodation, and meal expenses covered by Usa Weightlifting Inc.


Official website here: www.usaweightlifting.org

Who is the CEO of Usa Weightlifting Inc?

Matt Sicchio is the Chair Of The Board of Usa Weightlifting Inc. The CEO's salary of Usa Weightlifting Inc is $57,645 and their total compensation is $64,280.


Official website here: www.usaweightlifting.org

What is the revenue of Usa Weightlifting Inc?

Usa Weightlifting Inc's revenue in 2022 was $6,699,072.


Official website here: www.usaweightlifting.org

Who are the executives of Usa Weightlifting Inc and what are their salaries?

The average compensation at Usa Weightlifting Inc during 2022 was $72,163. There are 16 employees and 750 volunteers at Usa Weightlifting Inc.


Here are 17 key members and their salaries (Usa Weightlifting Inc's CEO's salary is $57,645 and their total compensation is $64,280):


Paula Aranda (Chair Of The Board)
  • Compensation: $750
  • Related: $0
  • Other: $0
Jenny Schumacher (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Andica (Elite Athlete Director)
  • Compensation: $120
  • Related: $0
  • Other: $0
Jordan Cantrell (Elite Athlete Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Choi (At-Large Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mario Dispenza (Technical Member)
  • Compensation: $5,945
  • Related: $0
  • Other: $0
Jasha Faye (Grassroots Member)
  • Compensation: $4,225
  • Related: $0
  • Other: $0
Jessica Lucero (Elite Athlete Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Maietta (Independent Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcgovern (Elite Athlete Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shameeka Quallo (Independent Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Van De Water (Technical Member)
  • Compensation: $270
  • Related: $0
  • Other: $0
Sean Waxman (Former Technical Member - March 2022)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Matt Sicchio (Current Ceo)
  • Compensation: $57,645
  • Related: $0
  • Other: $6,635
Phil Andrews (Former Ceo Through July 2022)
  • Compensation: $123,122
  • Related: $0
  • Other: $14,902
Andrea Andrews ('22 Interim Ceo/Director Of Finance And Compliance)
  • Compensation: $138,501
  • Related: $0
  • Other: $11,449
Michael Gattone (Director Of Sports Performance And Coaching Edu.)
  • Compensation: $105,149
  • Related: $0
  • Other: $24,373


Official website here: www.usaweightlifting.org

Where can I find the form 990 for Usa Weightlifting Inc?

Usa Weightlifting Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.usaweightlifting.org

Learn more at the official website: www.usaweightlifting.org

Mission Statement of Usa Weightlifting Inc

USA Weightlifting Inc, as the national governing body for weightlifting in the United States, is dedicated to supporting American athletes in achieving excellence in Olympic and world competitions. The organization's mission extends beyond this, aiming to promote and educate a diverse and inclusive community that embraces weightlifting and the use of the barbell in the nation. USA Weightlifting provides international competition opportunities for athletes in senior, junior, and youth divisions, while also offering monthly stipends to the top-ranked athletes. Additionally, qualified athletes and their coaches have the chance to participate in camps and at the Olympic Training Center in Colorado Springs, with USA Weightlifting covering travel, accommodation, and meal expenses.

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Impact




October, 2024

USA Weightlifting Inc plays a vital role in the development and promotion of the sport of weightlifting across the United States. As the national governing body, it is dedicated to supporting athletes at all levels, from youth to senior, in their pursuit of excellence in Olympic and world competitions. By providing international competition opportunities for over 100 athletes, the organization fosters a competitive environment that enhances skill levels and prepares athletes for high-stakes events.

Additionally, USA Weightlifting invests in its top-ranked athletes by offering monthly stipends, which helps alleviate financial pressures and allows athletes to focus on their training and performance. The provision of training camps and opportunities at the Olympic Training Center in Colorado Springs further equips athletes and their coaches with essential resources and support, promoting overall athlete development.

The organization also emphasizes inclusivity and community education surrounding weightlifting and barbell training, striving to create a diverse environment where individuals from various backgrounds can participate in the sport. This commitment to nurturing talent and advocating for broader participation not only enhances the sport's visibility but also contributes to a healthier and more active population. Overall, USA Weightlifting Inc significantly impacts the athletic landscape by empowering athletes and promoting the culture of weightlifting in the United States.




This information is meant to be a general summary of Usa Weightlifting Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6,699,072 (2022)
Expenses
$6,617,910 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $76,656
  • Program Service Revenue: $6,005,920
  • Gross Receipts: $6,699,379

Assets and Liabilities:

  • Total Assets: $3,511,874
  • Total Liabilities: $1,574,863
  • Net Assets: $1,937,011

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP

Revenue

$2,385,719

COACHING CLINICS

Revenue

$1,621,561

EVENT REVENUE

Revenue

$1,408,371

MRKTG, MEDIA & SPONSOR

Revenue

$438,058

WSO INCOME

Revenue

$125,417

Organization Details

Founding Year

1983

Principal Officer

Matt Sicchio

Main Address

1 OLYMPIC PLAZA, COLORADO SPRINGS, CO, 80909

NTEE Category

Code: N70 - Recreation

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