Overview
What is International Olympic Committee?
The International Olympic Committee (IOC) is a renowned international nonprofit organization, headquartered in Lausanne, Switzerland. With 525 employees, its primary goal is to promote Olympism worldwide and lead the Olympic Movement in accordance with the Olympic Charter. The IOC achieves this by directly supporting the organizing committees of the Olympic Games, such as the Beijing 2022 Organizing Committee, and various National Olympic Committees, including the United States Olympic and Paralympic Committee. Additionally, the IOC distributes Olympic Games revenues to various International Sports Federations. Their efforts aim to ensure the regular celebration of the Olympic Games and inspire a global sense of unity and sportsmanship.
Official website here: www.olympic.org
Is International Olympic Committee legitimate?
International Olympic Committee is a legitimate nonprofit organization registered as a 501(c)(4) entity. International Olympic Committee 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: $23,896,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,736,324
For more financial information, click here
Official website here: www.olympic.org
What is the mission statement of International Olympic Committee?
The International Olympic Committee (IOC) is dedicated to promoting Olympism worldwide and leading the Olympic Movement in accordance with the Olympic Charter. Its mission is to ensure the regular celebration of the Olympic Games and inspire a sense of unity and athletic competition among people from various nations. The IOC supports the organizing committees of the Olympic Games, national Olympic committees, and international sports federations through the distribution of Olympic Games revenues. This financial aid enables the organizations to prepare and host successful Olympic Games and continue their efforts to advance sports and foster global understanding.
Official website here: www.olympic.org
What is the revenue of International Olympic Committee?
International Olympic Committee's revenue in 2023 was $1,021,458,036.
Official website here: www.olympic.org
Who are the executives of International Olympic Committee and what are their salaries?
The average compensation at International Olympic Committee during 2023 was $173,394. There are 540 employees at International Olympic Committee.
Here are 38 key members and their salaries:
- Compensation: $1,701,451
- Related: $0
- Other: $108,690
- Compensation: $1,492,558
- Related: $0
- Other: $149,092
- Compensation: $1,014,353
- Related: $0
- Other: $108,989
- Compensation: $568,078
- Related: $0
- Other: $85,842
- Compensation: $522,744
- Related: $0
- Other: $87,986
- Compensation: $488,195
- Related: $0
- Other: $87,918
- Compensation: $480,208
- Related: $0
- Other: $85,843
- Compensation: $468,564
- Related: $0
- Other: $90,110
- Compensation: $475,549
- Related: $0
- Other: $80,667
- Compensation: $459,424
- Related: $0
- Other: $87,131
- Compensation: $448,104
- Related: $0
- Other: $82,934
- Compensation: $422,647
- Related: $0
- Other: $82,185
- Compensation: $416,760
- Related: $0
- Other: $81,302
- Compensation: $407,065
- Related: $0
- Other: $77,993
- Compensation: $407,549
- Related: $0
- Other: $76,808
- Compensation: $402,330
- Related: $0
- Other: $77,413
- Compensation: $406,546
- Related: $0
- Other: $62,807
- Compensation: $392,083
- Related: $0
- Other: $77,200
- Compensation: $387,592
- Related: $0
- Other: $75,574
- Compensation: $365,017
- Related: $0
- Other: $74,437
- Compensation: $349,428
- Related: $0
- Other: $70,676
- Compensation: $187,311
- Related: $0
- Other: $39,087
- Compensation: $0
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- Other: $0
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Official website here: www.olympic.org
Where can I find the form 990 for International Olympic Committee?
International Olympic Committee's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.olympic.org
Learn more at the official website: www.olympic.org
Mission Statement of International Olympic Committee
The International Olympic Committee (IOC), with its mission to promote Olympism worldwide, plays a leading role in the Olympic Movement. This esteemed organization is dedicated to ensuring the regular celebration of the Olympic Games and championing the Olympic Charter.
In pursuit of its mission, the IOC provides financial support to various entities. In the year 2022, the IOC distributed Olympic Games revenues to the Beijing 2022 Organizing Committee, National Olympic Committees, including the United States Olympic and Paralympic Committee, and numerous International Sports Federations. This financial assistance enables these entities to effectively plan and execute the Olympic Games and contribute to the growth and development of their respective sports communities.
The IOC's commitment to Olympism extends beyond financial support. The organization fosters unity, friendship, and respect among nations, encouraging collaboration and promoting a culture of excellence in sports. The Olympic Games, under the IOC's leadership, serve as a platform for athletes from around the world to showcase their skills, talent, and dedication, inspiring generations of athletes and fans alike.
As the guardian of the Olympic Movement, the IOC upholds the values of Olympism, including respect for universal fundamental ethical principles, commitment to excellence, and the pursuit of peace. Through its mission, the IOC strives to create a more harmonious and peaceful world, bringing people together in the shared celebration of human achievement and athletic prowess.
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Impact
October, 2024
The International Olympic Committee (IOC) plays a pivotal role in promoting Olympism globally and overseeing the Olympic Movement. Primarily, the IOC is responsible for the organization and celebration of the Olympic Games, which serve as a platform for athletes from around the world to come together and compete at the highest level, fostering international unity and sportsmanship.
One of the key impacts of the IOC is its financial support system, which utilizes revenue generated from the Olympic Games to bolster various stakeholders in the Olympic framework. For example, in 2022, the IOC distributed financial assistance to the Beijing 2022 Organizing Committee and provided support to National Olympic Committees, including the United States Olympic and Paralympic Committee, as well as various international sports federations. This revenue distribution supports the development of sports at all levels, encouraging participation and excellence among athletes globally.
Furthermore, the IOC’s commitment to promoting Olympism extends beyond financial means. It fosters educational initiatives and values associated with the Olympic spirit, such as respect, excellence, and friendship. By championing these ideals, the IOC strives to inspire communities and individuals to engage in sports and physical activities, facilitating a culture of health and well-being.
In summary, the IOC's impact encompasses financial support for the broader Olympic ecosystem, the promotion of core Olympic values, and the encouragement of global unity through sports, contributing significantly to the development and celebration of athletics worldwide.
This information is meant to be a general summary of International Olympic Committee. 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 2023.
- Investment Income: $109,067,776
- Program Service Revenue: $739,523,827
- Gross Receipts: $1,022,580,590
Assets and Liabilities:
- Total Assets: $4,029,928,127
- Total Liabilities: $1,609,268,861
- Net Assets: $2,420,659,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOP PROGRAMME MARKETING RIGHTS
Revenue
$739,523,827
Organization Details
Founding Year
1894
Principal Officer
Christophe De Kepper
Website
www.olympic.orgNTEE Category
Code: N70 - Recreation
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