2021-11-08T10:41:48-06:00 2020-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2020-01-01 742327838 THE UNITED STATES OLYMPIC ENDOWMENT % WALTER R GLOVER UNIT 7196333251 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 WALTER R GLOVER EXEC VP / COO 7194717922 2021-11-05 true Walter R Glover 999009999 Adam R Smith CPA P00958966 7194714290 2 2020 2022-09-23 18:48:47Z WALTER R GLOVER 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 231377907 false X WWW.USOLYMPICENDOWMENT.ORG X 1984 CO PROVIDE FINANCIAL SUPPORT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND ITS MEMBER ORGANIZATIONS THAT DEVELOP AMATEUR ATHLETES FOR NATIONAL & INTERNATIONAL COMPETITION 11 10 2 10 -181631 0 1120 518 0 0 11852950 22185364 0 0 11854070 22185882 10562464 10256684 0 0 236176 248149 0 0 0 1178948 760968 11977588 11265801 -123518 10920081 347819523 381554156 137993499 148981002 209826024 232573154 X 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 STATES OLYMPIC AND PARALYMPIC COMMITTEE THAT, IN TURN, REGULATES AND SUPPORTS MEMBER SPORTS ORGANIZATIONS THAT DEVELOP AMATEUR ATHLETES FOR NATIONAL AND INTERNATIONAL COMPETITION. false false 10256684 10256684 THE BOARD OF DIRECTORS AUTHORIZED A GRANT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE ON DECEMBER 11, 2020 IN THE AMOUNT OF $10,256,684, PAYABLE DURING THE FIRST QUARTER OF 2021. 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. 10256684 true false false false false false false false true true true true false false true false true true false false true false false false false false false true false true false false false false false false false false false false false false false true false false true 5 0 2 true true true false false false false false false false false false false false X 11 10 false false false false true true true true true false false true true true true true true false false false X WALTER R GLOVER 7196333251 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 SARAH D HIRSHLAND DIRECTOR (CEO OF USOPC) 1.0 54.0 X 0 882434 36419 WALTER GLOVER EVP/COO 24.0 0.0 X 125392 0 9566 DANA KUHLMAN ASSISTANT SECRETARY 35.0 0.0 X 83248 0 8299 WILLIAM J HYBL CHAIRMAN OF THE BOARD AND CEO 2.0 0.0 X X 0 0 0 PAULA WELCH TREASURER 1.0 0.0 X X 0 0 0 GABE GARDNER SECRETARY 1.0 0.0 X X 0 0 0 MICHAEL MCMANUS VICE CHAIRMAN 1.0 0.0 X X 0 0 0 RICH BENDER DIRECTOR 1.0 0.0 X 0 0 0 BRIAN OLSON DIRECTOR 1.0 0.0 X 0 0 0 MAX COBB DIRECTOR 1.0 0.0 X 0 0 0 R THAYER TUTT DIRECTOR 1.0 0.0 X 0 0 0 SUSANNE D LYONS DIRECTOR 1.0 0.0 X 0 0 0 AMANDA BANTA DIRECTOR 1.0 0.0 X 0 0 0 208640 882434 54284 1 false true false NYES Ledge Capital Offshore Fund L 190 ELGIN AVENEUE GRAND CAYMAN GEORGETOWN CJ KY1-9007 INVESTMENT MANAGER 114083 PRIME BUCHHOLZ AND ASSOCIATES 273 CORPORATE DRIVE PORTSMOUTH NH 02210 INVESTMENT CONSULT. 224481 FORESTER CAPITAL LLC TWO SOUND VIEW DRIVE THIRD FLOOR GREENWICH CT 06830 INVESTMENT MANAGER 143782 WILLIAN BLAIR NORTH RIVERSIDE PLAZA CHICAGO IL 60606 INVESTMENT MANAGER 153938 ACADIAN 260 FRANKLIN STREET BOSTON MA 02110 INVESTMENT MANAGER 109072 5 518 518 0 2186777 -181631 2368408 0 0 0 0 0 229190612 209192025 19998587 19998587 19998587 0 0 0 0 0 0 0 0 0 0 22185882 -181631 22366995 10256684 10256684 0 0 0 220885 220885 11303 11303 0 0 0 15961 15961 0 4332 4332 39237 39237 0 0 663027 663027 2400 2400 0 13079 13079 0 0 1088 1088 0 0 167 167 0 0 1346 1346 23717 23717 State Ubit 8343 8343 Steinbrenner & Other Awards 4232 4232 0 11265801 10256684 1009117 0 0 0 10537506 19405990 0 0 0 0 0 0 0 0 0 0 0 0 25615 19337 20779 19861 2263 918 161841482 207627422 175290848 154431196 0 0 0 0 121809 69293 347819523 381554156 209865 103911 10162464 10256684 0 0 0 0 127534429 138602582 0 0 0 0 0 0 86741 17825 137993499 148981002 X 97051304 119797916 112774720 112775238 209826024 232573154 347819523 381554156 10920081 11827049 X false true X true false X X 1 UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE 131548339 7 true 10256684 0 1 10256684 true false false false false true false false false false false false false false false false true SCHEDULE, A, PART IV, SECTION A, LINE 6 IN 2020, THE UNITED STATES OLYMPIC ENDOWMENT GRANTED FUNDS TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITEE. SCHEDULE, A, PART IV, SECTION B, LINE 1 DESCRIBE HOW THE SUPPORTED ORGANIZATION EFFECTIVELY OPERATED, SUPERVISED, OR CONTROLLED THE ORGANIZATION'S ACTIVITIES: THREE MEMBERS ARE APPOINTED AS DIRECTORS BY THE USOPC (SUPPORTED ORGANIZATION). IN ADDITION, THE CEO AND THE CHAIRMAN OF THE USOPC SERVE AS DIRECTORS. THE USOPC CFO AND CHIEF DEVELOPMENT OFFICER SERVE AS EX OFFICIO, NON-VOTING MEMBERS. THE USOPC CAN DISSOLVE THE USOE UPON THE APPROVAL OF TWO-THIRDS OF THE VOTES CAST AT TWO SUCCESSIVE REGULARLY CALLED MEETINGS OF THE USOPC BOARD OF DIRECTORS AT WHICH A QUORUM IS PRESENT. Schedule, A, Part IV, Section B, Line 2 Operations for the benefit of supported organizations other than the organization that operated, supervised, or controlled the sporting organization: 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. false true X 112774720 518 19185466 19185466 112775238 112773600 1120 20546220 20546220 112774720 112771681 1919 2444431 2444431 112773600 112769887 1794 17064934 17064934 112771681 112769493 394 6647980 6647980 112769887 1.00000 false false 20779 19861 918 918 HEDGE EQUITY FUNDS 25666965 F LIMITED PARTNERSHIPS 47985708 F REAL ESTATE FUND 12973655 F PRIVATE EQUITY FUNDS 4009245 F OTHER ALTERNATIVE INVESTMENTS 63795623 F 154431196 0 Investment Securities Payable 17825 17825 33349904 11827049 11827049 21522855 663027 663027 22185882 10602774 10602774 663027 663027 11265801 SCHEDULE D, PART V, LINE 4 DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: PERMANENTLY RESTRICTED NET ASSETS ARE TO BE MAINTAINED BY THE ENDOWMENT IN PERPETUITY. THE INCOME FROM THE PORTION OF THE ENDOWMENT FUNDS RELATING TO THE ENDOWMENT'S FUNDS CAN BE USED TO SUPPORT THE ACTIVITIES OF THE ENDOWMENT IN ACCORDANCE WITH THE ENDOWMENT'S SPENDING POLICY. THE ENDOWMENT FUNDS THAT THE ENDOWMENT HOLDS SOLELY AS AGENT FOR THE BENEFIT OF THE SPORTS ORGANIZATIONS CAN BE USED ONLY BY THE SPORTS ORGANIZATIONS IN ACCORDANCE WITH THEIR SPENDING POLICIES. THE ENDOWMENT HAS NO CONTROL OR AUTHORITY WITH RESPECT TO THESE SPORT ORGANIZATION'S INVESTMENT FUNDS ONCE DISTRIBUTED TO THE SPORTS ORGANIZATIONS. SCHEDULE D, PART IV, LINE 2B Investments Held Solely as Agent for Sports Organizations: The Endowment has an investment program, which allows the Committee and its affiliated sports organizations to pool their funds for investment with funds of the Endowment. The Endowment holds these funds solely as agent for these organizations. These sports organizations may request partial withdrawals (including allocated gains and interest once allocations are approved) following a 30-day notification period. Full or liquidating withdrawals may be processed following a 90-day notification period. Schedule D, Part X, Line 2 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS 32841399 32841399 32841399 false false true true true false SCHEDULE F, PART 1, LINE 2 DETAIL OF INVESTMENTS INVESTMENT MANAGEMENT FEES 292,865 INVESTMENTS BALANCES 32,548,534 TOTAL 32,841,399 true UNITED STATES OLYMPIC and paralympic CO 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 501 (C)(3) 10256684 GENERAL SUPPORT 1 SCHEDULE I, PART I, LINE 2 DESCRIBE THE ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS: GRANTS ARE MADE TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND THEY ARE PERMITTED TO USE THE GRANT IN ANY MANNER AS NEEDED THAT SUPPORTS THEIR CHARITABLE PURPOSE. X false false false false false false false false false SARAH D HIRSHLAND DIRECTOR (CEO OF USOPC) 0 551224 0 310000 0 21210 0 17123 0 19296 0 918853 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS: THE UNITED STATES OLYMPIC ENDOWMENT (USOE) HAS MEMBERS USING THE DEFINITION OF MEMBERS FOR 990 PURPOSES. FORM 990, PART VI, SECTION A, LINE 7A MEMBER ELECTIONS: THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE (USOPC) ELECTS FIVE MEMBERS (WHICH INCLUDES THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF THE USOPC), THE ATHLETES' ADVISORY COUNCIL (AAC) ELECTS TWO REPRESENTATIVES, THE NATIONAL GOVERNING BODIES COUNCIL (NGBC) ELECTS TWO REPRESENTATIVES AND THE MULTISPORT ORGANIZATIONS COUNCIL (MSOC) ELECTS ONE REPRESENTATIVE. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS: THE USOPC MUST APPROVE AMENDMENTS TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW: THE FORM 990 IS PREPARED BY A THIRD PARTY AND AN INITIAL REVIEW IS CONDUCTED BY THE ORGANIZATION'S EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER PRIOR TO THE RETURN BEING FINALIZED. THE 990 IS THEN FORWARDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ON AN ANNUAL BASIS. IN THE EVENT A CONFLICT IS IDENTIFIED, THE BOARD REVIEWS AND DETERMINES IF A CONFLICT DOES EXIST. IN THE EVENT THAT A CONFLICT EXISTS, DIRECTORS ABSTAIN AND OFFICERS ARE PROHIBITED FROM PARTICIPATING IN THE DECISION MAKING PROCESS. FORM 990, PART VI, QUESTION 15A & 15B COMPENSATION OF OFFICERS AND EXECUTIVES: COMPENSATION FOR THE EXECUTIVE AND OTHER OFFICERS OF THE ORGANIZATION IS APPROVED BY THE BOARD AND DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS TO THE PUBLIC: THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. US OLYMPIC AND PARALYMPIC COMMITTEE 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 AMATURE SPORT CO 501(C)(3) 7 NA false UNITED STATES OLYMPIC AND PARALYMPIC FDN 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 800939841 FUNDRAISING CO 501(C)(3) 7 USOC false false true false false false false false false false false false false false false false true false false false