United States Olympic Endowment

Organization Overview

United States Olympic Endowment is located in Colorado Springs, CO. The organization was established in 1984. 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. As of 12/2021, United States Olympic Endowment employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Olympic Endowment 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, United States Olympic Endowment generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $12.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SUPPORT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE AND ITS MEMBER ORGANIZATIONS THAT DEVELOP AMATEUR ATHLETES FOR NATIONAL & INTERNATIONAL COMPETITION

Describe the Organization's Program Activity:

THE BOARD OF DIRECTORS AUTHORIZED A GRANT TO THE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE ON DECEMBER 8, 2021 IN THE AMOUNT OF $10,934,421, PAYABLE DURING THE FIRST QUARTER OF 2022. 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.


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Board, Officers & Key Employees

Name (title)Compensation
Walter Glover
Evp/coo
$125,392
Dana Kuhlman
Asst. Secretary
$83,248
Paula Welch
Treasurer
$0
William J Hybl
Chairman Of The Board And CEO
$0
Gabe Gardner
Secretary
$0
Michael Mcmanus
Vice Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Willian Blair
Investment Manager
$153,938
Acadian
Investment Manager
$109,072
Nyes Ledge Capital Offshore Fund L
Investment Manager
$114,083
Prime Buchholz And Associates
Investment Consult.
$224,481
Forester Capital Llc
Investment Manager
$143,782
View All Vendors

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$616
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$616
Total Program Service Revenue$0
Investment income $3,300,215
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,498,471
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,799,302

Grants Awarded

Over the last fiscal year, United States Olympic Endowment has awarded $10,562,464 in support to 2 organizations.

Grant RecipientAmount

UNITED STATES OLYMPIC AND PARALYMPIC CO

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$10,162,464

US OLYMPIC AND PARALYMPIC MUSEUM

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: General Support

$400,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that United States Olympic Endowment has recieved totaling $9,192.

Awarding OrganizationAmount
El Pomar Foundation

Colorado Springs, CO

PURPOSE: NONPROFIT OFFICE SPACE

$7,816
El Pomar Foundation

Colorado Springs, CO

PURPOSE: PENROSE HOUSE GIFT IN KIND

$1,376
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$112,775,238
Earnings$20,497,554
Net Contributions$616
Other Expense$20,497,554
Ending Balance$112,775,854

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