Overview
What is The United States Olympic And Paralympic Endowment?
The United States Olympic and Paralympic Endowment is a nonprofit organization established with a mission to foster the participation of the United States in national and international amateur sports competitions. Based in Colorado Springs, Colorado, this endowment provides financial support to the United States Olympic and Paralympic Committee, an organization that regulates and supports member sports organizations. The endowment serves as a permanent fund, investing and managing the funds of these member organizations as their agent, thereby aiding in the development of amateur athletes for national and international competition. The endowment board of directors authorized a grant of $11,608,196 to the United States Olympic and Paralympic Committee in December 2022. As of the provided information, the organization has a small team of three employees.
Official website here: www.usope84.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
The United States Olympic and Paralympic Endowment has achieved a perfect score of 100%, indicative of strong accountability and financial health. This rating is based entirely on their accountability and finance performance, signaling that the organization operates with a high level of transparency and efficiency. The high score reflects an independent board structure, with 90% of its members being independent, and an effective audit and oversight committee.
Strengths of the organization include its commitment to maintaining ethical governance practices, as evidenced by its detailed policies on conflict of interest, whistleblower protection, and document retention. The organization also showcases a sound financial health, with a program expense ratio of nearly 90%, demonstrating a strong focus on funding its core mission.
No significant limitations were noted in the data, which reinforces the organization's robust standing in the nonprofit sector. The Endowment's financial management practices, combined with a transparent approach to governance, contribute to its reputation as a trustworthy organization committed to supporting Olympic and Paralympic athletes.
This AI summary has been generated from information found on Charity Navigator.
Is The United States Olympic And Paralympic Endowment legitimate?
The United States Olympic And Paralympic Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. The United States Olympic And Paralympic Endowment 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: $265,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.usope84.org
What is the mission statement of The United States Olympic And Paralympic Endowment?
The United States Olympic and Paralympic Endowment's mission is to establish a permanent endowment, promoting the participation of American athletes in both national and international amateur sports competitions. They achieve this by providing financial support directly to the United States Olympic and Paralympic Committee. This committee, in turn, regulates and supports various member sports organizations that develop and nurture amateur athletes, preparing them for national and international competitions. The endowment's aim is to foster a strong sports culture in the United States, allowing its athletes to excel on a global stage.
Official website here: www.usope84.org
Who is the CEO of The United States Olympic And Paralympic Endowment?
Alejandro Lugo is the Ceo - Usopc of The United States Olympic And Paralympic Endowment. The CEO's salary of The United States Olympic And Paralympic Endowment is $0 and their total compensation is $0.
Official website here: www.usope84.org
What is the revenue of The United States Olympic And Paralympic Endowment?
The United States Olympic And Paralympic Endowment's revenue in 2022 was $6,830,910.
Official website here: www.usope84.org
Who are the executives of The United States Olympic And Paralympic Endowment and what are their salaries?
The average compensation at The United States Olympic And Paralympic Endowment during 2022 was $88,601. There are 3 employees and 10 volunteers at The United States Olympic And Paralympic Endowment.
Here are 13 key members and their salaries (The United States Olympic And Paralympic Endowment's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $1,140,343
- Other: $35,604
- Compensation: $131,741
- Related: $0
- Other: $8,221
- Compensation: $87,567
- Related: $0
- Other: $9,051
- Compensation: $24,106
- Related: $0
- Other: $70
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.usope84.org
Where can I find the form 990 for The United States Olympic And Paralympic Endowment?
The United States Olympic And Paralympic Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usope84.org
Learn more at the official website: www.usope84.org
Mission Statement of The United States Olympic And Paralympic Endowment
The United States Olympic and Paralympic Endowment is committed to providing a perpetual source of financial assistance. This endowment primarily aids the United States Olympic and Paralympic Committee and its affiliated organizations. Its mission is to foster the participation of the United States in both national and international amateur sports competitions. The endowment accomplishes this by directly supporting the United States Olympic and Paralympic Committee, an entity responsible for regulating and backing member sports organizations. These organizations are instrumental in developing and preparing amateur athletes for national and international competitions. By providing this support, the United States Olympic and Paralympic Endowment plays a crucial role in promoting the growth and success of amateur athletes in the United States on a global stage.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The United States Olympic And Paralympic Endowment's impact is significant in providing crucial financial support to the US Olympic and Paralympic Committee, as well as its member organizations. In December 2022, the Endowment authorized a substantial grant of $11,608,196 to the US Olympic and Paralympic Committee. By supporting the Committee and 501(c)(3) public charity sports organizations that are members of the Committee, the Endowment plays a pivotal role in fostering the participation of the United States in national and international amateur sports competitions. Through its mission to directly support the development of amateur athletes for competitive events, the Endowment helps ensure the continued success and growth of the US Olympic and Paralympic movement.
This information is meant to be a general summary of The United States Olympic And Paralympic Endowment. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,828,314
- Gross Receipts: $56,003,032
Assets and Liabilities:
- Total Assets: $438,461,539
- Total Liabilities: $221,617,893
- Net Assets: $216,843,646
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1984
Phone
(719) 633-3234Principal Officer
Alejandro Lugo
Main Address
1631 MESA AVENUE SUITE A, COLORADO SPRINGS, CO, 80906
Website
www.usope84.orgNTEE Category
Code: N120 - Recreation
If you are a representative of The United States Olympic And Paralympic Endowment and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.