World Cup Dreams Foundation
- Assets
- $853.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Park City, UT
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 20-4647706
Organization Overview
World Cup Dreams Foundation is located in Park City, UT. The organization was established in 2008. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Cup Dreams Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, World Cup Dreams Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $619.3k during the year ending 12/2021. While expenses have increased by 15.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE GROWTH AND DEVELOPMENT OF THE NATION'S BEST ATHLETES BY HELPING THEM REALIZE THEIR ATHLETIC GOALS AND DREAMS THROUGH CAREER MANAGEMENT, MENTORSHIP AND FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED SCHOLARSHIPS TO ELITE SKI RACING ATHLETES TO OFFSET TRAINING & COMPETITION IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Biesemeyer Executive Director | Trustee | 40 | $27,808 |
Phill Gross Director | Trustee | 2 | $0 |
Kate Krehbiel Director | Trustee | 2 | $0 |
Marco Sullivan Director | Trustee | 2 | $0 |
Armins Rusis Director | Trustee | 2 | $0 |
Ted Ligety Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,291,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,291,834 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,291,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $565,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,519 |
| Compensation of current officers, directors, key employees. | $42,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $586 |
| Advertising and promotion | $1,547 |
| Office expenses | $3,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $46 |
| Total functional expenses | $619,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,250 |
| Savings and temporary cash investments | $24,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $853,676 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $853,676 |
| Total liabilities and net assets/fund balances | $853,676 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that World Cup Dreams Foundation has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Kaufman Fam Foundation Newport, VT PURPOSE: GENERAL SUPPORT | $35,000 |
George & June Block Family Foundation Harwood Heights, IL PURPOSE: GENERAL PURPOSE | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Olympic Endowment Colorado Springs, CO | $492,382,153 | $27,799,302 |
Team Evergreen Cycling Evergreen, CO | $430,306 | $1,836,318 |
Harmes C Fishback Foundation Trust Englewood, CO | $13,285,039 | $68,460 |
Arizona Tennis Charities Phoenix, AZ | $163,967 | $845,443 |
World Cup Dreams Foundation Park City, UT | $853,676 | $1,291,836 |
Chaparral Firebirds Baseball Club Phoenix, AZ | $33,145 | $562,494 |
Utah Mountain Sports Academy Provo, UT | $136,054 | $521,102 |
Boulder Parks And Recreation Foundation Inc Boulder, CO | $541,484 | $360,790 |
Friends Of Hogadon Casper, WY | $17,685 | $398,188 |
The Colorado Parks Foundation Inc Denver, CO | $1,922,854 | $796,705 |
Salt Lake City - Utah Committee For The Games Inc Salt Lake City, UT | $724,935 | $1,010,000 |
Stay The Trail Education & Stewardship Alliance Arvada, CO | $130,361 | $437,249 |