The Usa Track & Field Foundation Inc
- Assets
- $4.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Salem, OH
- Founding
- Data as of
- 12/2022
- EIN
- 37-1433733
Organization Overview
The Usa Track & Field Foundation Inc is located in Salem, OH. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, USA Track & Field Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Track & Field Foundation Inc 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 12/2022, USA Track & Field Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. While expenses have increased by 22.7% 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.
Since 2014, USA Track & Field Foundation Inc has awarded 13 individual grants totaling $131,813. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE USA TRACK & FIELD FOUNDATION PROVIDES A MEANS TO ATTRACT AND GUIDE FUNDS TO NEW AND INNOVATIVE TRACK AND FIELD PROGRAMS TO PROMOTE COMPETITIVE EXCELLENCE AND EXPAND INVOLVEMENT IN THE SPORT. ACTIVITIES ARE PRIMARILY GRANT-MAKING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELITE ATHLETE PROGRAMS: CONTRIBUTE TO THE PURSUIT OF WORLD-CLASS PERFORMANCE THROUGH GRANTS TO 70 PLUS ATHLETES MEETING PERFORMANCE, INCOME AND OTHER CRITERIA. ALSO INCLUDE GRANT(S) TO SUPPORT ELITE ATHLETE COACHING.
YOUTH PROGRAMS: ENCOURAGE A HEALTHY DRUG FREE LIFESTYLE THROUGH TRAINING GRANTS TO 40-50 YOUTH TRAINING CLUBS. SUPPORT USA TRACK & FIELD'S WIN WITH INTEGRITY COMMUNITY OUT REACH PROGRAM REACHING THOUSANDS OF KIDS IN THEIR SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Jackovic Executive Di | Officer | 40 | $185,000 |
Trixie Saumsiegle COO | Officer | 40 | $105,501 |
Jay Balaban Board Member | Trustee | 0.1 | $0 |
Willie Banks Director | Trustee | 0.1 | $0 |
Jason Barrett Board Member | Trustee | 0.1 | $0 |
John Burgess Board Member | Trustee | 0.1 | $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 | $3,763,118 |
| Noncash contributions included in lines 1a–1f | $2,309,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,763,118 |
| Total Program Service Revenue | $235,409 |
| Investment income | $11,210 |
| 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 | $4,009,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,290 |
| Grants and other assistance to domestic individuals. | $3,150,815 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,501 |
| Compensation of current officers, directors, key employees. | $71,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,637 |
| Pension plan accruals and contributions | $14,525 |
| Other employee benefits | $20,117 |
| Payroll taxes | $21,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,571 |
| Fees for services: Accounting | $32,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $28,208 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,217 |
| Office expenses | $25,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,423 |
| All other expenses | $0 |
| Total functional expenses | $3,775,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,981,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $148,865 |
| 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 | $2,722 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,133,269 |
| Accounts payable and accrued expenses | $85,620 |
| 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 | $85,620 |
| Net assets without donor restrictions | $1,792,255 |
| Net assets with donor restrictions | $2,255,394 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,133,269 |
Grants Awarded
Over the last fiscal year, The Usa Track & Field Foundation Inc has awarded $37,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF UNIVERSITY OF PENNSYLVA | | | $10,000 |
FRIENDS OF WESTERN ALBEMARIE CROSS | | | $10,000 |
FAST FEET RUNNING ATHLETIC | | | $10,000 |
HEALTHY KIDS RUNNING SERIES | | | $7,000 |