Overview
What is Utah Athletic Foundation?
The Utah Athletic Foundation is a nonprofit organization based in Park City, Utah. Their primary focus is fostering the development of winter sports in Utah and managing and maintaining the Utah Olympic Park, Utah Olympic Oval, and Soldier Hollow Nordic Center. These facilities serve as training grounds for various Olympic winter sports, including freestyle, bobsled, skeleton, luge, figure skating, speed skating, curling, and hockey. With a workforce of 861 employees, the Utah Athletic Foundation ensures the continual enhancement of these essential training facilities to accommodate and support athletes in their pursuit of Olympic excellence.
Official website here: www.utaholympiclegacy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
The Utah Athletic Foundation has earned a high rating of 94%, reflecting strong accountability and financial management practices. The organization scores particularly well in areas such as board independence, oversight, and financial transparency, demonstrating a commitment to maintaining ethical standards. With a well-structured board and clear policies in place, the organization showcases its dedication to responsible governance.
Financially, the foundation allocates a significant percentage of its resources to programs, with a program expense ratio of nearly 94%. Additionally, their fundraising efficiency and working capital indicate a solid operational framework, allowing for sustainable growth and impact. The organization also has no liabilities and a favorable ratio of assets, further underlining its financial health.
However, while the foundation performs admirably in financial aspects, potential donors may want to consider the relatively high compensation levels for its key personnel. Understanding the breakdown of these salaries in relation to the organization's overall financial health may be important for stakeholders seeking to assess value and impact. Overall, the Utah Athletic Foundation stands out for its strong governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Utah Athletic Foundation legitimate?
Utah Athletic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utah Athletic 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: $1,539,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,916,225
For more financial information, click here
Official website here: www.utaholympiclegacy.org
What is the mission statement of Utah Athletic Foundation?
The Utah Athletic Foundation focuses on fostering the development of winter sports in Utah and managing and maintaining three key training facilities: the Utah Olympic Park, the Utah Olympic Oval, and Soldier Hollow Nordic Center. These facilities cater to various Olympic winter sports, including freestyle, bobsled, skeleton, luge, figure skating, speed skating, curling, hockey, and nordic skiing. By overseeing the maintenance and enhancement of these centers, the Utah Athletic Foundation plays a crucial role in supporting the growth and advancement of winter athletes. Through their efforts, they contribute significantly to the winter sports community, providing essential resources for athletes to excel in their respective disciplines.
Official website here: www.utaholympiclegacy.org
Who is the CEO of Utah Athletic Foundation?
Colin Hilton is the Board Chair of Utah Athletic Foundation. The CEO's salary of Utah Athletic Foundation is $289,040 and their total compensation is $308,037.
Official website here: www.utaholympiclegacy.org
What is the revenue of Utah Athletic Foundation?
Utah Athletic Foundation's revenue in 2022 was $41,739,764.
Official website here: www.utaholympiclegacy.org
Who are the executives of Utah Athletic Foundation and what are their salaries?
The average compensation at Utah Athletic Foundation during 2022 was $15,628. There are 861 employees and 200 volunteers at Utah Athletic Foundation.
Here are 26 key members and their salaries (Utah Athletic Foundation's CEO's salary is $289,040 and their total compensation is $308,037):
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- Compensation: $289,040
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- Other: $18,997
- Compensation: $211,173
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- Other: $19,674
- Compensation: $188,616
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- Compensation: $185,567
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- Compensation: $154,558
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- Compensation: $125,238
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- Other: $3,897
- Compensation: $112,368
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- Other: $3,594
- Compensation: $166,209
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- Other: $18,768
Official website here: www.utaholympiclegacy.org
Where can I find the form 990 for Utah Athletic Foundation?
Utah Athletic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.utaholympiclegacy.org
Learn more at the official website: www.utaholympiclegacy.org
Mission Statement of Utah Athletic Foundation
The Utah Athletic Foundation, a dedicated organization, plays a pivotal role in fostering the development of winter sports in Utah. Its primary mission encompasses managing and maintaining three essential facilities: the Utah Olympic Park, the Utah Olympic Oval, and Soldier Hollow Nordic Center. These training grounds cater to a range of Olympic winter sports including freestyle, bobsled, skeleton, luge, figure skating, speed skating, curling, hockey, and nordic skiing.
The Utah Athletic Foundation's commitment extends beyond mere facility management. It is responsible for the upkeep and enhancement of these critical training centers, ensuring they remain in top condition for athletes. Through its tireless efforts, the foundation provides an ideal environment for athletes to hone their skills and prepare for international competitions. The Utah Olympic Park, Utah Olympic Oval, and Soldier Hollow Nordic Center serve as the cornerstone of winter sports training in Utah, attracting athletes from around the world.
Moreover, the Utah Athletic Foundation supports external athlete training programs at these facilities. Its dedication to winter sports and the athletes who pursue them has made it an indispensable part of the winter sports community. By maintaining these world-class training facilities, the Utah Athletic Foundation empowers the next generation of Olympic athletes to reach their full potential.
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Impact
October, 2024
The Utah Athletic Foundation significantly impacts winter sports development in Utah by managing and maintaining key training facilities: the Utah Olympic Park, the Utah Olympic Oval, and the Soldier Hollow Nordic Center. These venues serve as essential hubs for athletes in various Olympic winter sports, including freestyle skiing, bobsled, skeleton, luge, figure skating, speed skating, curling, hockey, and Nordic skiing.
By fostering the development of these sports, the foundation not only enhances athletic training opportunities but also promotes community engagement and recreational participation in winter sports. Its continuous investment in facility operations ensures that athletes have access to world-class training resources, contributing to their performance and success on national and international stages. Through these efforts, the Utah Athletic Foundation plays a vital role in cultivating a rich winter sports culture in the region.
This information is meant to be a general summary of Utah Athletic 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: $3,061,328
- Program Service Revenue: $21,305,412
- Gross Receipts: $43,734,329
Assets and Liabilities:
- Total Assets: $132,812,744
- Total Liabilities: $20,975,850
- Net Assets: $111,836,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC PROGRAMS & ACTIVITIES
Revenue
$10,612,093
YOUTH SPORT PROGRAMS
Revenue
$7,942,816
FACILITY OPERATIONS & TRAINING
Revenue
$2,750,503
Organization Details
Founding Year
1997
Phone
(435) 658-4200Principal Officer
Colin Hilton
Main Address
PO BOX 980337, PARK CITY, UT, 84098
Website
www.utaholympiclegacy.orgNTEE Category
Code: N680 - Recreation
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