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EIN 74-2327838

The United States Olympic and Paralympic Endowment

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Colorado Springs
State
Colorado
Year formed
1984
Most recent tax filings
2022-12-01
NTEE code, primary
N70: Amateur Sports Competitions
Description
The endowment provides a permanent endowment to foster the United States of America’s participation in national and international amateur sports competition. This is done through direct support of the United State Olympic committee that, in turn, regulates and supports member sports organizations that develop amateur athletes for national and international competition. The board of directors authorized a grant to the United States Olympic committee on December 18, 2014 in the amount of $9,682,631 payable to the United State Olympic committee during the first quarter of 2015.
Related structure
The United States Olympic and Paralympic Endowment is a subordinate organization under United States Olympic and Paralympic Committee (USOC).
Also known as...
The United States Olympic Endowment; United States Olympic Foundation; United States Olympic Endowment
Total revenues
$6,830,910
2022
Total expenses
$12,881,068
2022
Total assets
$438,461,539
2022
Num. employees
3
2022

Program areas at The United States Olympic and Paralympic Endowment

The Endowment board of directors authorized a grant to The United States Olympic and Paralympic committee in december 2022 in The amount of $11,608,196. In addition to supporting The United States Olympic and Paralympic committee (committee), The Endowment provides support to section 501(c)(3) public charity sports organizations that are members of The United States Olympic and Paralympic committee and holds and invests their funds solely as agent in furtherance of The Endowment's support to The committee.

Grants made by The United States Olympic and Paralympic Endowment

GranteeGrant descriptionAmount
United States Olympic and Paralympic Committee (USOC)General Support$11,608,196

Personnel at The United States Olympic and Paralympic Endowment

NameTitleCompensation
William J. HyblPublic Chair$0
Alejandro LugoExecutive Vice President and Chief Operating Officer$24,106
Walter GloverPast Executive Vice President and Chief Operating Officer$131,741
Dick SchlosbergTreasurer , Audit Committee Chair$0
Rich BenderNGB Vice Chair$0
...and 11 more key personnel

Financials for The United States Olympic and Paralympic Endowment

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,596
Program services$0
Investment income and dividends$2,469,264
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$4,359,050
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,830,910

Form 990s for The United States Olympic and Paralympic Endowment

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-10-17990View PDF
2020-122021-11-08990View PDF
2019-122021-03-01990View PDF
2018-122020-02-11990View PDF
...and 9 more Form 990s

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OrganizationLocationRevenue
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Southern California Tennis Association FoundationSan Diego, CA$2,829,264
Laureus Sport for Good Foundation USANew York, NY$9,469,932
Miami Broward One Carnival Host CommitteeMiami, FL$2,703,272
Upperville Colt and Horse ShowUpperville, VA$4,268,149
Texas High School Rodeo Association (THSRA)Center, TX$7,387,091
Omaha Equestrian FoundationOmaha, NE$7,202,103
Virginia Gold Cup AssociationWarrenton, VA$2,013,976
Dolphins Cycling ChallengeMiami Gardens, FL$10,284,828
Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Updated personnel
Identified 3 new personnel
December 25, 2023
Used new vendors
Identified 2 new vendors, including , and
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Sports competitionsSports organizationsChapter / child organizationsCharities
Issues
Human servicesSports
Characteristics
Operates internationallyEndowed supportTax deductible donations
General information
Address
1631 Mesa Ave Suite A
Colorado Springs, CO 80906
Metro area
Colorado Springs, CO
County
El Paso County, CO
Website URL
usope84.org/ 
Phone
(719) 471-7922
IRS details
EIN
74-2327838
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N70: Amateur Sports Competitions
NAICS code, primary
7113: Promoters of Performing Arts, Sports, and Similar Events
Parent/child status
Subordinate organization
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