United States Olympic & Paralympic Committee

CharityWatch's rating of the United States Olympic & Paralympic Committee also includes the financial activities of the United States Olympic & Paralympic Foundation and the United States Olympic Endowment, which are related 501(c)(3) public charities that are included in the organization's audited consolidated financial statements for the fiscal year ended December 31, 2024.

According to the United States Olympic and Paralympic Committee (USOPC) consolidated audit of December 31, 2024 (Note A, Summary of Significant Accounting Policies, Principles of Consolidation):

"The consolidated [audited] financial statements include the accounts of the USOPC and the United States Olympic and Paralympic Foundation (USOPF). The USOPF is a 501(c)(3) not-for-profit corporation formed in 2013 to transform the level of philanthropic support directed to the USOPC to fund America’s Olympic and Paralympic athletes. The USOPF’s fundraising initiatives are grounded in the USOPC’s mission and are designed to help American athletes achieve sustained competitive excellence and well-being. The USOPC is the sole beneficiary and corporate member of the USOPF. As the sole member, the USOPC approves all nominations to the USOPF board of directors. The USOPC consolidates the accounts of the USOPF as a result.

Additionally, the consolidated financial statements also include the accounts of the United States Olympic & Paralympic Endowment (USOPE). The USOPC consolidates the accounts of the USOPE due to its deemed control of the USOPE...

...All intercompany accounts and transactions have been eliminated in consolidation."

According to the United States Olympic and Paralympic Committee (USOPC) consolidated audit of December 31, 2024 (Note N, IOC Revenue Sharing Agreement):

"In 2012, the USOPC entered into a revenue sharing agreement with the IOC setting forth the terms and conditions whereby the USOPC will be paid for its agreed upon share of U.S. broadcast rights...and international sponsorship revenues for the years 2020 through 2040. The agreement requires the USOPC to make periodic contributions to the IOC to offset the costs of the Olympic Games and Olympic Winter Games held through 2040. Beginning in 2021 and ending in 2040, the USOPC will contribute $21,484,000 to the IOC during each quadrennial period, adjusted for inflation as defined in the agreement. Pursuant to the agreement, the Committee pays in two installments per quadrennial period. The first installment is an amount equal to 33% of the total amount due 90 days after the closing ceremonies of the Olympic Winter Games and 67% of the total amount due 30 days after the closing of the Olympic Games."

According to the United States Olympic and Paralympic Committee (USOPC) 2024 tax filing, USOPC reports re: Compensation, Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (IRS Form 990, Schedule J, Part II):

USOPC reports providing "bonus & incentive compensation" during 2024 to eleven individuals. Sarah C. Hirshland, CEO, received $425,000 of bonus and incentive compensation with total reported compensation of $1,291,598. The remaining ten individuals received between $53,654 and $136,211 with total reported compensation ranging from $331,782 to $659,127.

According to the United States Olympic & Paralympic Endowment (USOPE) 2024 tax filing: "Sarah Hirshland, CEO, USOPC, and Gene Sykes, Board Chair, USOPC, have a business relationship." (IRS Form 990, Schedule O re: Form 990, Part VI, Section A, line 2).

Both are reported as Directors (IRS Form 990, Part VII, Section A). USOPE reports having twelve voting members on its governing body at the end of 2024, with eleven members being independent (IRS Form 990, Part VI, Section A, lines 1a & 1b).