Overview
What is United States Olympic And Paralympic Foundation?
The United States Olympic and Paralympic Foundation is a nonprofit organization located in Colorado Springs, Colorado. Its primary goal is to generate philanthropic support for the United States Olympic and Paralympic Committee (USOPC), empowering Team USA athletes to achieve sustained competitive excellence and well-being. Through a multi-year campaign in partnership with the Los Angeles Organizing Committee for the Olympic and Paralympic Games 2028, the USOPF combines existing fundraising priorities with new aspirational funding needs to accelerate the impact on Team USA. This partnership, officially granted in 2022, enables the USOPF to secure fundraising rights for the LA28 Games.
Official website here: www.teamusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The United States Olympic and Paralympic Foundation has earned a respectable Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With a score of 90% in this category, the organization shows a commitment to transparency and responsible management, particularly highlighted by its 97% independent board members and a robust financial oversight structure. Their commitment to sound financial practices is further evidenced by scoring high on program expense ratio and fundraising efficiency.
However, while the foundation excels in accountability, it faces challenges in its financial ratios, particularly with a liabilities to assets ratio of 87.17% and a working capital ratio of only 0.21 years, which raise concerns about financial sustainability. Despite this, the foundation has articulated clear strategic goals aimed at empowering Team USA athletes and enhancing its role in the sports community, indicating a forward-thinking approach.
In terms of leadership and adaptability, the foundation is performing exceptionally well, achieving a perfect score of 100. This suggests a strong commitment to leadership development and an ability to adapt to changing circumstances, which are essential qualities for any nonprofit organization. Overall, while the organization has notable strengths, particularly in governance and leadership, attention to its financial health will be crucial for its long-term success.
This AI summary has been generated from information found on Charity Navigator.
Is United States Olympic And Paralympic Foundation legitimate?
United States Olympic And Paralympic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. United States Olympic And Paralympic Foundation 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: $0
Professional Fundraising Fees: $472,191
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.teamusa.org
What is the mission statement of United States Olympic And Paralympic Foundation?
The United States Olympic and Paralympic Foundation's mission is to garner philanthropic support for the United States Olympic and Paralympic Committee (USOPC). The USOPC's objective is to enable Team USA athletes to attain sustained competitive excellence and well-being. In collaboration with the USOPC and the Los Angeles Organizing Committee for the Olympic and Paralympic Games 2028, the United States Olympic and Paralympic Foundation is embarking on an expansive campaign to secure philanthropic backing for the Team USA athletes representing the country at the 2028 Olympic and Paralympic Games. This multi-year initiative combines existing fundraising priorities with novel aspirational funding needs, amplifying the impact on Team USA. A philanthropic strategy agreement formalizing this partnership was signed in 2022, granting the United States Olympic and Paralympic Foundation fundraising rights for the LA28 Games.
Official website here: www.teamusa.org
Who is the CEO of United States Olympic And Paralympic Foundation?
Christine V Walsh is the Principal Officer of United States Olympic And Paralympic Foundation. The CEO's salary of United States Olympic And Paralympic Foundation is $0 and their total compensation is $1,175,947.
Official website here: www.teamusa.org
What is the revenue of United States Olympic And Paralympic Foundation?
United States Olympic And Paralympic Foundation's revenue in 2022 was $41,878,431.
Official website here: www.teamusa.org
Who are the executives of United States Olympic And Paralympic Foundation and what are their salaries?
There 36 volunteers at United States Olympic And Paralympic Foundation.
Here are 41 key members and their salaries (United States Olympic And Paralympic Foundation's CEO's salary is $0 and their total compensation is $1,175,947):
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- Other: $19,063
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- Related: $553,828
- Other: $41,242
Official website here: www.teamusa.org
Where can I find the form 990 for United States Olympic And Paralympic Foundation?
United States Olympic And Paralympic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teamusa.org
Learn more at the official website: www.teamusa.org
Mission Statement of United States Olympic And Paralympic Foundation
The United States Olympic and Paralympic Foundation (USOPF) is a philanthropic organization dedicated to generating support for the United States Olympic and Paralympic Committee (USOPC). The USOPF's mission is to empower Team USA athletes to achieve sustained competitive excellence and well-being. In collaboration with the USOPC and the Los Angeles Organizing Committee for the Olympic and Paralympic Games 2028, the USOPF is embarking on a comprehensive campaign to raise funds for the athletes representing Team USA at the 2028 Olympic and Paralympic Games. This multi-year initiative combines existing fundraising priorities with new aspirational funding needs, aiming to accelerate the impact on Team USA. The partnership between the USOPF and the USOPC was officially granted in 2022, granting the USOPF fundraising rights for the LA28 Games.
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Impact
October, 2024
The United States Olympic and Paralympic Foundation plays a crucial role in enhancing the support for athletes representing Team USA. By generating philanthropic contributions, it strengthens the resources available to athletes, ensuring they have access to the training, facilities, and support necessary for achieving competitive excellence.
In collaboration with the United States Olympic and Paralympic Committee (USOPC) and the Los Angeles Organizing Committee for the Olympic and Paralympic Games 2028, the Foundation is undertaking a comprehensive campaign aimed at elevating the experience of athletes competing on home soil at the 2028 Games. This campaign is not only focused on immediate fundraising goals but also establishes a long-term vision that combines existing priorities with new funding aspirations to accelerate Team USA’s impact.
The relationship formalized through the philanthropic strategy agreement in 2022 allows the Foundation to pursue fundraising efforts strategically aligned with the needs of the athletes. By fostering a robust philanthropic environment, the Foundation empowers athletes to achieve sustained excellence and overall well-being, ensuring they are well-prepared to excel in their sports and represent the nation with pride.
This information is meant to be a general summary of United States Olympic And Paralympic Foundation. 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: $680,941
- Gross Receipts: $46,768,958
Assets and Liabilities:
- Total Assets: $54,992,411
- Total Liabilities: $56,012,280
- Net Assets: -$1,019,869
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Organization Details
Founding Year
2013
Phone
(719) 866-4541Principal Officer
Christine V Walsh
Main Address
1 OLYMPIC PLAZA, COLORADO SPRINGS, CO, 80909
Website
www.teamusa.orgNTEE Category
Code: N71 - Recreation
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