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IMPLICATIONS OF COVID-19 AND POSTPONED GAMES
The USOPC works on a four-year fiscal cycle, making the year-long postponement of the Tokyo 2020 Games a significant financial challenge. To explore our options, we engaged external experts in a Financial Stability Working Group and secured debt via the sale of Senior Secured Notes so we could protect funding for our organization, NGBs and our athletes.
As a mission-driven nonprofit organization focused on serving Team USA athletes, the USOPC values financial stability. Our responsibility is to ensure the U.S. Olympic and Paralympic Movement remains healthy and operational. Though the USOPC does not receive any government funding, we are fortunate to have long-term revenue contracts with NBC and the International Olympic Committee, and to have contracted 72% of our revenue for the next four years.
We've made a concerted effort to diversify our revenue streams, particularly with the U.S. Olympic & Paralympic Foundation. We rely on private philanthropy to meet Team USA athletes’ needs. In 2021, more than 57,000 individuals from all 50 states and Washington D.C., contributed more than $36M to support Team USA athletes.