| 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) OR INTERNATIONAL PARALYMPIC COMMITTEE (IPC) 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 IOC/IPC. AT THE END OF 2021, THERE WERE TWO MEMBERS OF THE BOARD WHO ALSO SERVED ON THE IOC BOARD AND ONE MEMBER WHO SERVES ON THE IPC GOVERNING BOARD. THEREFORE, THE NON-IOC/IPC BOARD MEMBERS HAVE THREE VOTES EACH, WHILE THE IOC/IPC BOARD MEMBERS HAVE ONE VOTE EACH. THE CEO AND CHAIR OF THE UNITED STAES OLYMPIC AND PARALYMPIC FOUNDATION ARE NON-VOTING MEMBERS. |
| 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, AND THE CFO WILL TAKE IMMEDIATE ACTION TO RESOLVE ANY OUTSTANDING ISSUES RAISED BY THE COMMITTEE. THE 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 ENTIRE ETHICS COMMITTEE. THE CHAIR OF THE ETHICS COMMITTEE HAS THE DISCRETION TO SHARE THE DISCLOSURE STATEMENTS WITH THE 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 MITIGATION MEASURES (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 A COMPENSATION COMMITTEE AND MANAGEMENT FOR APPROVAL. THE DISCUSSIONS ABOUT COMPENSATION STRATEGIES AND KEY PROGRAMS ARE CONTEMPORANEOUSLY DOCUMENTED, AND DECISIONS ABOUT COMPENSATION 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 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. FINAL DETERMINATION OF THE PAY GRADE ALSO TAKES 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.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 HUMAN RESOURCES AND FINANCE FOR DOCUMENTATION AND AUDIT PURPOSES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
PUBLIC DISCLOSURE UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE'S BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS, ALONG WITH THE CODE OF CONDUCT AND IMPACT REPORT, CAN BE FOUND AT TEAMUSA.ORG. |
| FORM 990, PART VII, SECTION A, LINE 1A: |
COMPENSATION BRAD SNYDER, A MEMBER OF THE BOARD AND CURRENT ACTIVE ATHLETE, RECEIVED A 1099 FROM THE USOPC IN 2021. THE PAYMENTS MADE WERE RELATED TO DIRECT ATHLETE SUPPORT AND OPERATION GOLD FUNDING FOR HIS MEDAL PERFORMANCE AT THE TOKYO 2020 PARALYMPIC GAMES. |
| FORM 990, PART IX, LINE 24A |
LEGAL SETTLEMENTS IN DECEMBER OF 2021 A GLOBAL SETTLEMENT WAS REACHED RELATED TO LARRY NASSAR AND USA GYMNASTICS, RESOLVING ALL ABUSE CLAIMES PURSUANT TO THE USA GYMNASTICS BANKRUPTCY PROCEEDING AND THE JOINT PLAN OF REORGANISATION. LINE 24A REFLECTS THE COMMITTEE'S PORTION OF THE SETTLEMENT. |
| FORM 990, PART X, LINE 23 |
LONG TERM FINANCING IN JUNE OF 2021, THE COMMITTEE SECURED $133 MILLING IN LONG TERM FINANCING TO PROVIDE FINANCIAL STABILITY AND ENSURE CONTINUED FUNDING OF KEY PROGRAMS IN THE EVENT THAT THE OLYMPIC GAMES IN TOKYO OR THE WINTER OLYMPIC GAMES IN BEIJING WERE CANCELLED. THE TERM OF THE NOTES IS 10 YEARS WITH THE OPTION TO PAY BACK A PORTION OF THE OUTSTANDING BALANCE AFTER JUNE 2023. THE NOTES ARE SECURED BY FUTURE REVENUE STREAMS OF THE COMMITTEE. |
Attach to Form 990 or 990-EZ.