2025-10-30T10:32:34-05:00 2024-12-31 Sorren Inc 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2024-01-01 721581977 USA Swimming Foundation Inc % THE ORGANIZATION USAS 7198664578 1 Olympic Plaza Colorado Springs CO 80909 KEVIN RING CEO 7198663576 2025-11-17 true true DOREEN B MERZ P00841439 7196301186 2024 2025-03-06 01:10:19Z kEVIN RING 1 Olympic Plaza Colorado Springs CO 80909 13795889 false X WWW.USASWIMMING.ORG/FOUNDATION X 2004 CO THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES. 19 19 0 150 0 2318029 2269760 954830 1354341 366287 2421179 288121 340965 3927267 6386245 2329579 2272835 0 0 63500 0 38500 24000 722329 1682246 2298314 4113825 4595149 -186558 1791096 22935804 23928461 1012557 82710 21923247 23845751 X ESTABLISHED IN 2004, THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES WHETHER PROVIDING GRANT FUNDING TO MEMBERS OF OUR LESSON PROVIDER NETWORK, SUPPORTING THE DREAMS OF NATIONAL TEAM MEMBERS, OR GROWING THE SPORT IN TRADITIONALLY UNDERSERVED POPULATIONS, THE FOUNDATION IS PROUD TO SERVE AS THE PHILANTHROPIC ARM OF USA SWIMMING. SWIMMING IS THE ONLY SPORT THAT CAN SAVE A LIFE, AND OUR WORK IS CRITICAL TOWARDS MAKING THE SPORT AN EQUITABLE SPACE. false false 1099572 823011 206882 Saving Lives - Learn-to-Swim Initiative: USA Swimming and the USA Swimming Foundation believe that the best defense against drowning is empowering children and adults with the life-saving skill of swimming and education on how to be safer around the water. In 2021, that mission was expanded when U.S. Masters Swimming (USMS) moved its fundraising efforts for adult learn-to-swim programs from its USMS Swimming Saves Lives Foundation to the USA Swimming Foundation. Bringing all learn-to-swim fundraising efforts under one umbrella is creating greater generational impact by providing swim lessons to all ages. With the help of a nationwide network of qualified swim lesson providers and water safety advocates USA Swimming and the USA Swimming Foundation educate families through a national awareness campaign, save lives by supporting free and reduced-cost programming, and utilize Centers for Disease Control & Prevention (CDC) data to impact areas of the country with the highest need. 1706445 1173824 1152259 Building Champions: the United States is one of few countries that do not provide government funding for its Olympic-level athletes. National Team swimmers maintain a rigorous and demanding training and travel schedule; therefore, most professional swimmers do not have time to maintain traditional employment. Travel, physical therapists, strength trainers, nutritionists, sports psychologists and other experts are essential for peak physical performance, mental wellness and positive team culture. The USA Swimming Foundation provides financial support to members of the USA Swimming National Team, and to members of the 2024 U.S. Olympic Swimming Team to impact continued growth and development. One of the premiere programs fostered by the USA Swimming Foundation is the Donor Athlete Partnership Program. This mentorship program focuses on athlete support in and out of the pool. By investing in leadership development, networking, career exploration, investors in this program support athletes with transition services and planning for life after swimming. 429624 276000 338050 Impacting Communities - Expand Competitive Opportunities: the USA Swimming Foundation focuses on investing in three impactful programs to increase access and opportunities to our sport for underrepresented communities: Community Impact Grants, Historically Black Colleges and Universities (HBCU) Grants and Community Swim Teams. Through the Community Impact Grant program, USA Swimming aims to grow a diverse community of champion athletes by creating competitive opportunities within diverse communities. Grant dollars are utilized for learn-to-swim programming, scholarships, technology, equipment and administrative support. By investing in Historically Black Colleges and Universities (HBCU), we aim to revitalize aquatic programming within these diverse communities by supporting new water safety education and competitive opportunities. Grant dollars are utilized for learn-to-swim programming, club travel expenses, technology and equipment and administrative support. Community Swim Teams partner with municipal and recreational departments throughout the U.S. to provide athletes with USA Swimming membership resources and competitions. These partnerships also offer municipal coaches access to education, professional development and introduce a new diverse population of families, athletes and coaches to USA Swimming. LINE 4D, PROGRAM SERVICE ------------------------ Alumni Legacy: The USA Swimming Foundation sustains a network of National Team alumni from the 1940's to present who are passionate about giving back to the sport that gave so much to them. Alumni events are held biannually to celebrate successes and share updates about the USA Swimming Foundation. This group of former athletes are incredible stewards of the sport and continue to give back in various ways. 3235641 true true false false false false false false true true false false false true true true true false false true false false true true false false true false true false false false false false false false false true false false false false true false false false true X 32 0 0 true false false false false false true true false false false false false false X 19 19 true true true false true true true true true false false true true true true true true true true false AL AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT WA WV WI X X THE ORGANIZATION 7198664578 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 X TIMOTHY HINCHEY CEO (to 08/2024) 5.0 35.0 X 0 981472 70017 Shana Ferguson INTERIM CEO (from 8/2024) 5.0 35.0 X 0 406947 70703 ERIC SKUFCA CHIEF FINANCIAL OFFICER 5.0 35.0 X 0 323991 77213 DAVID SHACKLEY BOARD CHAIR 4.0 0.0 X X 0 0 0 ANNE BERRY VICE-CHAIR 4.0 0.0 X X 0 0 0 jay definis TREASURER 4.0 0.0 X X 0 0 0 ELIZABETH BEISEL secretary 4.0 0.0 X X 0 0 0 CYNTHIA EUBANKS DIRECTOR 4.0 0.0 X 0 0 0 CULLEN JONES DIRECTOR 4.0 0.0 X 0 0 0 JILL BORNSTEIN director 4.0 0.0 X 0 0 0 DAWSON HUGHES DIRECTOR 4.0 0.0 X 0 0 0 ALEX BLAVATNIK TREASURER 4.0 0.0 X 0 0 0 GREG PINCHBECK DIRECTOR 4.0 0.0 X 0 0 0 JON KOSSOW DIRECTOR 4.0 0.0 X 0 0 0 TIM BUCKLEY DIRECTOR 4.0 0.0 X 0 0 0 Kimberly Chen Bock Director 4.0 0.0 X 0 0 0 Dan Clough Director 4.0 0.0 X 0 0 0 John Enquist Director 4.0 0.0 X 0 0 0 Kelley Gay Director 4.0 0.0 X 0 0 0 Heather Glass Director 4.0 0.0 X 0 0 0 Kyle Jackson Director 4.0 0.0 X 0 0 0 Mary Wayte Bradburne Director 4.0 0.0 X 0 0 0 Andrew Wilson DIRECTOR 4.0 0.0 X 0 0 0 0 1712410 217933 0 false true false USA Swimming Inc 1 OLYMPIc PLAZA COLORADO SPRINGS CO 80909 Management services 850000 1 X 291211 1978549 187616 2269760 SPONSORSHIPS 900099 560000 560000 SPONSORSHIPS - APPAREL INKIND 900099 73941 73941 OLYMPIC TRIAL TICKET PACKAGE 900099 518318 518318 ALUMNI INCOME 900099 196768 196768 OTHER PROGRAM REVENUE 900099 5314 5314 1354341 487559 487559 0 342850 342850 0 0 0 9089731 7156111 1933620 1933620 1933620 251648 291211 253533 -1885 -1885 0 0 0 0 0 0 0 6386245 1697191 2419294 X 2272835 2272835 0 0 0 0 0 0 0 0 0 850000 395170 454830 2184 2184 13000 13000 0 24000 24000 44516 44516 272255 203001 52306 16948 2500 2500 110720 1822 29921 78977 30592 28809 1783 0 0 359286 74820 178020 106446 0 0 0 0 0 0 RECOGNITION AWARDS & FULFILLME 101368 56291 20661 24416 GEAR, EQUIPMENT, & APPAREL 81497 51839 27919 1739 DUES & SUBSCRIPTIONS 430396 179863 237343 13190 4595149 3235641 637179 722329 2101872 2169252 9767 9977 1520631 1109999 232429 268165 0 0 0 0 0 0 0 0 251602 37949 31063 31063 18699503 20213119 0 0 0 0 120000 120000 0 0 22935804 23928461 17027 43849 0 0 436168 0 0 0 0 0 0 0 0 0 0 0 559362 38861 1012557 82710 X 13442501 14702835 8480746 9142916 21923247 23845751 22935804 23928461 X 1791096 191408 -60000 X X false true X true false X X 1 USA SWIMMING INC 204264282 10 true 3235641 0 1 3235641 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18760530 2529717 1075625 20214622 16455539 330000 2746241 771250 18760530 19927985 297500 -3008946 761000 16455539 17295618 120000 1723010 728750 18409878 19350689 25000 1646179 3726250 17295618 0.63350 0.29810 0.06840 false false 31063 31063 0 0 0 DUE TO USA SWIMMING, INC. 38861 38861 X 6814054 191408 275000 65917 532325 6281729 44516 60000 104516 6386245 4891550 275000 65917 340917 4550633 44516 44516 4595149 SCHEDULE D, PART V, LINE 4: ENDOWMENT DISTRIBUTIONS PROVIDE FUNDING FOR GRANTS THAT BENEFIT USA SWIMMING ATHLETES AND COACHES. AN ENDOWMENT ALSO PROVIDES FUNDING FOR LEARN TO SWIM PROGRAMS. SCHEDULE D, PART X, LINE 2: The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. In addition, the Foundation qualifies for the charitable contribution deduction and has been classified as an organization other than a private foundation. The Foundation believes that it does not have any uncertain tax positions that are material to the financial statements. SCHEDULE D, PART XI, LINE 2D: Other : $65,917 Fundraising event expenses reported in audited financial statement as expense, reclassified to revenue for tax return. SCHEDULE D, PART XI, LINE 4B: Other : $60,000 Uncollectible pledge receivable reclassified as other change in net asset for tax return. SCHEDULE D, PART XII, LINE 2D: Other : $65,917 Fundraising event expenses reported in audited financial statement as expense, reclassified to revenue for tax return. Europe (Including Iceland and Greenland) 0 0 Program Services Travel expenses 54043 0 0 0 0 54043 54043 false false false false false false schedule f, part 1, line 3 THE ORGANIZATION REPORTS ALL EXPENDITURES BASED ON THE ACCRUAL METHOD OF ACCOUNTING. X X true Abundant Philanthropy LLC 3253 S INDIANA AVE APT A MILWAUKEE WI 53207 GRANT WRITING false 215000 24000 215000 24000 AL AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT WA WV WI silent auction 542859 291211 251648 253533 0 542859 291211 251648 253533 253533 -1885 true usa swimming inc 1 Olympic Plaza Colorado Springs CO 80909 204264282 501(c)(3) 1449824 National Team and Community Impact YMCA of the North 651 Nicollet Mall Ste 500 Minneapolis MN 55117 422563299 501(c)(3) 25000 Learn to Swim YMCA of the North Shore 245 Cabot St Beverly MA 01915 042104913 501(c)(3) 9000 Learn to Swim Houston Independent School Distict 4400 W 18th St Houston TX 77092 746001255 Government 18000 Learn to Swim Friends of Pool Inc 25 PARK PL 5TH FLOOR NEW YORK NY 10007 611745367 501(c)(3) 8000 Learn to Swim Mean Aquatics INC 14803 STELLAS POINT CT HUMBLE TX 77396 883234900 501(c)(3) 9000 Learn to Swim Summerville Family YMCA 140 SOUTH CEDAR ST Summerville SC 29483 570643100 501(c)(3) 6500 Learn to Swim Swim Strong Foundation PO BOX 701165 EAST ELMHURST NY 11370 371526132 501(c)(3) 9800 Learn to Swim Trident Swim Foundation Inc 150 W 55TH ST New York NY 10019 260640050 501(c)(3) 10000 Learn to Swim Whitewater Aquatics Management PO BOX 46517 SEATTLE WA 98146 272422684 501(c)(3) 10000 Learn to Swim YMCA of Greater Des Moines 501 Grand Ave Des Moines IA 50309 420680438 501(c)(3) 9500 Learn to Swim YMCA of Greater Houston Area 2600 N Loop W ste 300 Houston TX 77092 741109737 501(c)(3) 11500 Learn to Swim YMCA of South Palm Beach County Inc 6631 Palmetto Circle S Boca Raton FL 33433 591416281 501(c)(3) 7000 Learn to Swim Boys and Girls Club of Central Arkansas 1400 W Markham Little Rock AR 72201 208095568 501(c)(3) 7500 Learn to Swim Childrens Safety Village of Central Florida 910 Fairvilla Rd Orlando FL 32808 592898030 501(c)(3) 10000 Learn to Swim City of Havre 520 4th St Havre MT 59501 616001274 Government 7000 Learn to Swim City of Pine Bluff 200 East 8th Ave Pine Bluff AR 71601 716009954 Government 7500 Learn to Swim City of Santa-Ana 20 Civic Center Plaza Santa Ana CA 92702 956000785 Government 6000 Learn to Swim Foss Swim School 10050 Crosstown Circle Eden Prairie MN 55344 824181657 LLC 10000 Learn to Swim Horizons at Westminister School 995 Hopmeadow St Simsbury CT 06070 060646960 501(c)(3) 9000 Learn to Swim Independent School District 283 6300 Walker St St Louis Park MN 55416 416001466 Government 15000 Learn to Swim Lawrence Boys and Girls Club 136 Water St Lawrence MA 01841 042104377 501(c)(3) 10000 Learn to Swim Moultrie-Colquitt County Parks and Rec 1020 4th St SW Moultrie GA 31768 822433237 Government 7500 Learn to Swim North Shore Swim Club PO Box 2032 Methuen MA 01844 043300042 501(c)(3) 11000 Learn to Swim Patriot Swim Club 35 Promenade Irvine CA 92612 863490987 501(c)(3) 8000 Learn to Swim Patuxent Aquatics Club 414 Forest Bridge Ct Laurel MD 20724 274735808 LLC 7500 Learn to Swim Pikes Peak Athletics Training Center 602 Elkton Dr Colorado Springs CO 80907 811390295 LLC 7500 Learn to Swim Pirates and Mermaids Swim Academy 5060 W 5200 S Rexburg ID 83440 832186474 LLC 7000 Learn to Swim Riptide Swim School 819 NW Autumn Lane Lees Summit MO 64081 871458216 LLC 7000 Learn to Swim Riverbrook Regional YMCA 404 Danbury Rd Wilton CT 06897 060853258 501(c)(3) 7500 Learn to Swim Rochester Swim Club PO Box 7796 Rochester MN 55903 411965153 LLC 7500 Learn to Swim Safe Swim 8814 Veterans Blvd Metairie LA 70003 862801669 LLC 10000 Learn to Swim Salvation Army Kroc Center 1765 W Golf Course Rd Coeur D Alene ID 83835 941156347 501(c)(3) 6000 Learn to Swim Sand Mountain Park and Ampitheater PO Box 1248 Albertville AL 35950 636001175 Government 7500 Learn to Swim Southwest Aquatics 205 Windermere Rd Winter Garden FL 34787 593690507 C Corp 7500 Learn to Swim The Boys Club of New York 91 5th Ave New York NY 10003 135591750 C Corp 10000 Learn to Swim Valley of the Sun YMCA 350 North 1st Ave Phoenix AZ 85003 860096799 501(c)(3) 10000 Learn to Swim Water Safe Shasta PO Box 494094 Redding CA 96049 921360970 501(c)(3) 7000 Learn to Swim YMCA of Delaware 100 West 10th St Wilmington DE 19801 510065748 501(c)(3) 6500 Learn to Swim YMCA of Greater Boston 316 Huntington Ave Boston MA 02215 042103551 501(c)(3) 9000 Learn to Swim YMCA of Greater Cincinnati 1105 Elm St Cincinnati OH 45202 310537178 501(c)(3) 6000 Learn to Swim YMCA of Greater Grand Rapids 475 Lake Michigan Dr NW Grand Rapids MI 49504 381358058 501(c)(3) 9000 Learn to Swim YMCA of Kingston and Ulster Counties 507 Broadway Kingston NY 12401 141338342 501(c)(3) 6500 Learn to Swim YMCA of South Florida 900 SE 3rd Ave Fort Lauderdale FL 33316 590624464 501(c)(3) 7500 Learn to Swim YWCA Lower Cape Fear River 2815 S College Rd Wimington NC 28412 560556766 501(c)(3) 9000 Learn to Swim 36 9 SCHEDULE I, PART I, LINE 2: DEPENDENT UPON THE GRANT PROGRAM THE FOUNDATION REQUIRES FROM THE GRANTEES AN APPLICATION THAT INCLUDES DETERMINATION FOR USE OF FUNDS UPFRONT AND/OR TO PROVIDE A FINAL REPORT DEMONSTRATING HOW THE GRANT FUNDS WERE SPENT. true false false false false false false false false TIMOTHY HINCHEY CEO (to 08/2024) 575241 406231 20700 49317 1051489 ERIC SKUFCA CHIEF FINANCIAL OFFICER 257741 66250 0 33125 44088 401204 Shana Ferguson INTERIM CEO (from 8/2024) 298947 108000 0 34500 36203 477650 SCHEDULE J, PART I, LINE 3: Related organization compensation policy the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process. SCHEDULE J, PART I, LINE 1-3, PART II USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR THE USE OF FACILITIES AND CONTRACTED STAFF SERVICES FOR ACCOUNTING, FINANCE, COMMUNICATIONS, CREATIVE, AND HUMAN RESOURCES. SINCE USAS AND FDN ARE RELATED ORGANIZATIONS, ALL THE COMPENSATION PAID DURING THE 2024 CALENDAR YEAR TO INDIVIDUALS SERVING AS OFFICERS OF THE FDN, WHO WERE EMPLOYED BY USAS, HAVE BEEN DETAILED OUT ON FORM 990, PART VII, SECTION A. THE FOLLOWING INDIVIDUALS SERVED THE FDN DURING THE 2024 CALENDAR YEAR AS OFFICERS, WITHIN A CONTRACTED SERVICE ARRANGEMENT: TIMOTHY HINCHEY, CEO (THROUGH 08/2024), SHANA FERGUSON (INTERIM ceo FROM 8/2024), AND ERIC SKUFCA, CFO. SIMILAR TO PRIOR YEARS, USAS CONTRIBUTED BACK TO THE FDN A PORTION OF THE TIME COST OF CONTRACTED STAFF SERVICES, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS) CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS. SCHEDULE J, PART I, LINE 4A THE FOLLOWING related organization (usa swimming) EMPLOYEE-OFFICERS RECEIVED SEVERANCE PAYMENTS: Timothy Hinchey, President & CEO, received a $400,000 severance payment in 2024 from usa swimming, and as part of the severance agreement, is receiving a second installment payment in 2025 from usa swimming. X AUCTION ITEMS 187616 99 MARKET VALUE 0 false false false SCHEDULE M, LINE 25: COLUMN (B) FOR LINE 25 REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, section a, line 2 BOARD OFFICERS, Timothy Hinchey, CEO (THROUGH 08/2024), Shana Ferguson (INterim CEO from 8/2024), and Eric Skufca, CFO ARE COMPENSATED EMPLOYEES OF THE RELATED ORGANIZATION, USA swimming. SINCE THE COMPENSATED OFFICERS OF USA swimming SERVE ON THE FILING ORGANIZATION SIMULTANEOUSLY, THESE INDIVIDUALS ARE DEEMED TO HAVE A "BUSINESS" RELATIONSHIP, BASED ON THE IRS DEFINITION OF THE BUSINESS RELATIONSHIP. FORM 990, PART VI, LINE 3, and PART IX, LINE 11 A: USA SWIMMING FOUNDATION (FDN) CONTRACTED WITH THE RELATED ORGANIZATION USA SWIMMING (USAS), FOR THE USE OF FACILITIES AND CONTRACTED STAFF SERVICES FOR ACCOUNTING, FINANCE, COMMUNICATIONS, CREATIVE, AND HUMAN RESOURCES. SINCE USAS AND FDN ARE RELATED ORGANIZATIONS, ALL THE COMPENSATION PAID DURING THE 2024 CALENDAR YEAR TO INDIVIDUALS SERVING AS OFFICERS OF THE FDN, WHO WERE EMPLOYED BY USAS, HAVE BEEN DETAILED OUT ON FORM 990, PART VII, SECTION A. THE FOLLOWING INDIVIDUALS SERVED THE FDN DURING THE 2024 CALENDAR YEAR AS OFFICERS, WITHIN A CONTRACTED SERVICE ARRANGEMENT: TIMOTHY HINCHEY, CEO (THROUGH 08/2024), Shana Ferguson, Interim CEO (from 8/2024) AND ERIC SKUFCA, CFO. SIMILAR TO PRIOR YEARS, USAS CONTRIBUTED BACK TO THE FDN A PORTION OF THE TIME COST OF CONTRACTED STAFF SERVICES, AS AN INKIND CONTRIBUTION OF SERVICES. INKIND (NONFINANCIAL ASSETS) CONTRIBUTIONS ARE EXCLUDED FROM THE FORM 990, PER IRS INSTRUCTIONS. FORM 990, PART VI, SECTION A, LINE 4: Subsequent to filing the 2023 Form 990, the following bylaw amendments were made during the later half of 2024: (1) clarifying responsibilities of investment committee and audit committee to the foundation, and (2) retroactively clarifying start date of updated terms for board officers. FORM 990, PART VI, SECTION A, LINE 6 USA SWIMMING, INC. IS THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE ORGANIZATION, USA SWIMMING, INC. ELECTS ALL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B: USA SWIMMING'S BOARD OF DIRECTORS HAS TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS VIA EMAIL AND THEY ARE GIVEN THE OPPORTUNITY TO PROVIDE INPUT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THAT USA SWIMMING FOUNDATION IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE DISCLOSURE STATEMENTS SHALL BE REVIEWED BY USA SWIMMING'S GENERAL COUNSEL. ANY ISSUES NOT PREVIOUSLY DISCLOSED SHALL BE REFERRED BY HIM OR HER TO THE BOARD OR APPROPRIATE COMMITTEE. THE DISCLOSURE STATEMENTS SHALL BE RETAINED IN THE FILES OF THE GENERAL COUNSEL. AT THE BEGINNINg OF EACH BOARD MEETING, BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A&B: the HUMAN RESOURCE DEPARTMENT of usa swimming, a related organization, REVIEWS SALARY SURVEYS AND DATA FROM OTHER NATIONAL GOVERNING BODIES TO determine compensation, AND recommends COMPENSATION adjustments FOR OFFICERS AND OTHER KEY EMPLOYEES. officer and employee compensation is reviewed and approved by the board during the annual budgeting process. The filing organization (usa swimming foundation) did not have any employees during the 2024 year. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION WILL ALSO PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS, INCLUDING ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON. FORM 990, PART VII, SECTION A BOARD MEMBERS MAY BE COMPENSATED FOR SERVICES PROVIDED TO THE FOUNDATION. THIS COMPENSATION IS DETERMINED BASED ON THE NORMAL PRACTICES OF THE FOUNDATION. NO BOARD MEMBER IS COMPENSATED FOR THEIR SERVICES ON THE BOARD OF DIRECTORS. FORM 990, PART VIII, LINE 1G USA SWIMMING (USAs) PROVIDED THE USA SWIMMING FOUNDATION (FDN) CONTRACTED STAFF SERVICES FOR ACCOUNTING, FINANCE, COMMUNICATIONS, CREATIVE, AND HUMAN RESOURCES DURING THE 2024 YEAR, for a TOTAL value of $1,125,000. SIMILAR TO PRIOR YEARS, USAs FORGAVE/ CONTRIBUTED BACK TO THE FDN A PORTION (DISCOUNT) OF THE SERVICE FEE, IN THE AMOUNT OF $275,000. FOLLOWING THE IRS REPORTING REQUIREMENT, THE INKIND (NONFINANCIAL ASSET) SERVICE CONTRIBUTION OF $275,000 HAS BEEN EXCLUDED FROM THE FDN'S FORM 990 PART VIII STATEMENT OF REVENUE, AND FORM 990 PART IX FUNCTIONAL EXPENSE. THE CONTRIBUTED SERVICES ARE ALSO NOT INCLUDED ON SCHEDULE B, SCHEDULE OF CONTRIBUTORS. FORM 990, PART XI, LINE 9: OTHER CHANGE IN NET ASSET IS - UNCOLLECTIBLE PLEDGES $60,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR SELECTING THE INDEPENDENT AUDITOR FOR THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. USA SWIMMING INC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 204264282 SWIMMING CO 501(C)(3) 10 NA false false true false false true false false false false false false true true true false true false true true