| FORM 990, PART VI, SECTION A, LINE 1: |
VOTING MEMBERS MEMBERS OF THE USOPC BOARD WHO ALSO SERVE ON THE INTERNATIONAL OLYMPIC COMMITTEE'S (IOC) BOARD OF DIRECTORS ARE ALLOCATED ONE VOTE AND ALL OTHER MEMBERS ARE ALLOCATED A NUMBER OF VOTES EQUAL TO THE NUMBER OF MEMBERS ALSO SERVING ON THE INTERNATIONAL OLYMPIC COMMITTEE. AT THE END OF 2020, THERE WERE TWO MEMBERS OF THE BOARD WHO ALSO SERVED ON THE IOC BOARD. THEREFORE, THE NON-IOC BOARD MEMBERS HAVE TWO VOTES EACH, WHILE THE IOC BOARD MEMBERS HAVE ONE VOTE EACH. |
| FORM 990, PART VI, SECTION A, LINE 4 |
EMPOWERING OLYMPIC, PARALYMPIC, AND AMATEUR ATHLETES ACT OF 2020: THIS BILL INCLUDED ELEMENTS THAT CEMENT AND EXTEND RECENT GOVERNANCE REFORMS AT THE USOPC, INCLUDING IN THE AREAS OF INCREASING THE VOICE OF ATHLETES, STRENGTHENING ATHLETE PROTECTIONS AND ANTI-RETALIATION RULES, INCREASING OVERSIGHT BY THE FEDERAL GOVERNMENT OVER THE USOPC AND NGBS, INCREASING USOPC OVERSIGHT OVER NGBS, ADDING NEW DISCLOSURE AND REPORTING REQUIREMENTS, AND ESTABLISHING A CONGRESSIONAL COMMISSION TO REVIEW THE GOVERNANCE AND SCOPE OF THE USOPC AND US OLYMPIC AND PARALYMPIC SPORT. |
| FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 REVIEW A COMPLETE COPY OF THE USOPC FORM 990 WILL BE PROVIDED TO THE FINANCE AUDIT RISK COMMITTEE. THE CFO WILL MEET OR CONDUCT A MEETING WITH THE FINANCE AUDIT RISK COMMITTEE TO DISCUSS ANY ISSUES OR CONCERNS. THE CFO WILL TAKE IMMEDIATE ACTION TO RESOLVE ANY OUTSTANDING ISSUES RAISED BY THE FINANCE AUDIT RISK COMMITTEE. THE FINANCE AUDIT RISK COMMITTEE WILL FORMALLY APPROVE THE COMPLETED 990 AND A COMPLETE COPY IS THEN SENT TO THE USOPC BOARD OF DIRECTORS PRIOR TO IT BEING FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
CONFLICT OF INTEREST POLICY THE USOPC OBTAINS ANNUAL CERTIFICATIONS FROM THE ORGANIZATION'S STAFF, BOARD OF DIRECTORS, AND COMMITTEE MEMBERS. THE ETHICS OFFICER REVIEWS THE COMPLETED DISCLOSURE STATEMENTS AND PROVIDES COPIES TO THE CHAIR OF THE ETHICS COMMITTEE. THE CHAIR OF THE ETHICS COMMITTEE HAS THE DISCRETION TO SHARE THE DISCLOSURE STATEMENTS WITH THE ENTIRE ETHICS COMMITTEE, BOARD OF DIRECTORS AND/OR CEO. THE ETHICS OFFICER AND THE CHAIR OF THE ETHICS COMMITTEE, IN SOME CASES IN CONSULATION WITH THE ENTIRE ETHICS COMMITTEE, DETERMINE IN EACH CASE WHETHER A CONFLICT EXISTS AND SO RECORD THEIR DECISION IN CONNECTION WITH EACH RELEVANT DISCLOSURE STATEMENT, ALSO INDICATING ANY REQUIRED CORRECTIVE ACTION (WHICH MAY INCLUDE, BUT IS NOT LIMITED TO, PROHIBITING THE PERSON FROM PARTICIPATION IN THE ORGANIZATION'S DELIBERATIONS AND DECISIONS IN AN AFFECTED TRANSACTION). |
| FORM 990, PART VI, SECTION B, LINE 15 |
ALL EMPLOYEE COMPENSATION AS PART OF DETERMINING THE CEO, OFFICER, AND KEY EMPLOYEES' COMPENSATION, THE USOPC USES COMPARABILITY DATA FROM INDEPENDENT SALARY SURVEY DATA TO PRESENT COMPENSATION AMOUNTS AND POLICIES TO AN INDEPENDENT COMPENSATION COMMITTEE AND MANAGEMENT FOR APPROVAL. THE DISCUSSIONS ABOUT COMPENSATION STRATEGIES AND KEY PROGRAMS ARE CONTEMPORANEOUSLY DOCUMENTED, AND DECISIONS ABOUT COMPENSATION AND BENEFITS ARE MADE BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS IN STRICT ACCORDANCE WITH THE BYLAWS OF THE ORGANIZATION. THE USOPC SPECIFICALLY PERFORMS THE FOLLOWING STEPS IN DETERMINING COMPENSATION OF ALL EMPLOYEES (INCLUDING OFFICERS AND KEY EMPLOYEES) AS WELL AS THE CEO'S COMPENSATION PACKAGE. THE USOPC HAS AN ESTABLISHED SALARY STRUCTURE CONSISTING OF 40+ OVERLAPPING, SYMMETRICAL SALARY RANGES FOR EXEMPT AND NON-EXEMPT POSITIONS. EACH RANGE INCLUDES A MINIMUM, MIDPOINT AND MAXIMUM PAY LEVEL. THE SALARY RANGES HAVE BEEN DEVELOPED BY BLENDING OUR COMPENSATION PHILOSOPHY, NATIONALLY AND REGIONALLY AVAILABLE INDEPENDENT SALARY SURVEY DATA AND ECONOMIC BUSINESS CONDITIONS DATA. A JOB DESCRIPTION AND PAY GRADE FOR EACH JOB TITLE IS ESTABLISHED IN COLLABORATION WITH THE SUPERVISOR OF THE POSITION AND WITH FINAL APPROVAL BY PEOPLE & CULTURE. FINAL DETERMINATION OF THE PAY GRADE MAY ALSO TAKE INTO ACCOUNT AVAILABLE DATA REGARDING SALARIES PAID FOR SIMILAR JOBS IN THE MARKETPLACE AS WELL AS INTERNAL EQUITY CONSIDERATIONS. ALL FULL-TIME AND PART-TIME REGULAR EMPLOYEES ARE ELIGIBLE FOR ANNUAL MERIT INCREASES BASED UPON PERFORMANCE. THE APPROVED MERIT POOL FOR ALL EMPLOYEES IS APPROVED BY THE COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS BASED ON COMPENSATION PHILOSOPHY, NATIONALLY AVAILABLE INDEPENDENT SALARY SURVEY DATA, ECONOMIC BUSINESS CONDITIONS DATA AND THE RECOMMENDATIONS OF MANAGEMENT. ALL FULL-TIME AND PART-TIME REGULAR EXEMPT EMPLOYEES ARE ELIGIBLE FOR AT-RISK BONUS COMPENSATION BASED UPON ORGANIZATIONAL GOAL ATTAINMENT AS DETERMINED BY THE COMPENSATION COMMITTEE OF THE USOPC BOARD OF DIRECTORS AND INDIVIDUAL GOAL ATTAINMENT. THE FUNDING BUDGET OF THE AT-RISK BONUS IS ALSO REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE CEO'S MERIT INCREASES AND AT-RISK COMPENSATION ARE DETERMINED BY THE COMPENSATION COMMITTEE USING PROCESSES SIMILAR TO THOSE DESCRIBED ABOVE FOR ALL EMPLOYEES. THE COMPENSATION COMMITTEE THEN PROVIDES A WRITTEN CONFIRMATION OF THE PROCESS AND OUTCOME TO PEOPLE & CULTURE AND FINANCE FOR DOCUMENTATION AND AUDIT PURPOSES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
PUBLIC DISCLOSURE UNITED STATES OLYMPIC AND PARALYMPIC COMMITTEE'S BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS, ALONG WITH THE CODE OF CONDUCT AND ANNUAL REPORT, CAN BE FOUND AT TEAMUSA.ORG. |
| FORM 990, PART VII, SECTION A, LINE 1A: |
COMPENSATION KIKKAN RANDALL AND BRAD SNYDER, WHO ARE BOTH MEMBERS OF THE BOARD, RECEIVED 1099S FROM THE USOPC IN 2020. THE PAYMENTS MADE WERE RELATED TO ELITE ATHLETE HEALTH INSURANCE, APPEARANCES AND DIRECT ATHLETE SUPPORT AS BOTH MEMBERS ARE ACTIVE ATHLETES. |
| FORM 990, PART XI, LINE 9 |
THE USOPC HOLDS DONOR RESTRICTED ENDOWMENT FUNDS. IN 2020, A DONOR CHANGED THE NATURE OF THEIR RESTRICTION REQUIRING THAT THE ENDOWED FUNDS BE TRANSFERRED TO THE UNITED STATES OLYMPIC & PARALYMPIC FOUNDATION. THE TOTAL VALUE OF THIS TRANSFER WAS $6,263,995. |
| COVID-19 IMPACT |
COVID 19 HAD A SIGNIFICANT IMPACT ON THE OPERATIONS OF THE USOPC IN 2020, INCLUDING THE POSTPONEMENT OF THE TOKYO GAMES, LIMITING TRAINING CENTER ACTIVITY, AND GENERALLY DISRUPTING WORLDWIDE COMPETITIVE SPORTS. TO MITIGATE THE IMPACT ON ITS FINANCIAL RESULTS, THE USOPC EVALUATED ITS OVERALL EXPENSE INFRASTRUCTURE AND IMPLEMENTED COST REDUCTION INITIATIVES INCLUDING A REDUCTION IN FORCE FOR 2020 AND THE NEXT QUADRENNIAL RESULTING IN A 12% REDUCTION OF PLANNED SPENDING. AS PART OF THIS INITIATIVE, THE CEO AND DIRECT REPORTS RECEIVED REDUCED PAY FOR A PORTION OF 2020. |
Attach to Form 990 or 990-EZ.