Financials

AS A MISSION-DRIVEN NONPROFIT ORGANIZATION THAT DOES NOT RECEIVE GOVERNMENT FUNDING, THE USOPC TAKES A RESPONSIBLE APPROACH TO STEWARDING OUR RESOURCES IN SUPPORT OF TEAM USA ATHLETES. THE USOPC IS COMMITTED TO FISCAL RESPONSIBILITY AND FINANCIAL TRANSPARENCY TO ENSURE OUR STAKEHOLDERS UNDERSTAND HOW OUR RESOURCES ARE INVESTED. OUR PRIMARY PURPOSE IS TO SUPPORT ATHLETES — THROUGH DIRECT FUNDS OR PROGRAMS THAT SUPPORT THEM — WHILE ENSURING THE HEALTH AND SUSTAINABILITY OF THE U.S. OLYMPIC AND PARALYMPIC MOVEMENT.

The Olympic and Paralympic Games-year operating surplus allows the USOPC to run a deficit in non-Games years and provides a consistent level of support for athletes during each year of the four-year quadrennial budget cycle. Under that cycle, both revenue and expenses, which have a direct impact on supporting Team USA athletes, generally increase in Games years versus non-Games years.

The USOPC and U.S. Olympic & Paralympic Foundation’s consolidated financial statements and Form 990s show revenue of approximately $459 million and expenses were $346 million, resulting in a surplus of $113 million for 2021, offsetting two non-Games years of deficits totaling $94 million.

You can access the USOPC and USOPF consolidated financial statements here.

You can access the USOPC Form 990 here.

You can access the USOPF Form 990 here.

Athlete excellence programs accounted for almost 60% of all USOPC spending for the year at over $200 million. This included athlete stipends and funding for Performance Partnership Agreements with National Governing Bodies and Paralympic Sport Organizations that support elite athlete training through world-class coaching, sports science and technology and medical support; athlete services in the areas of mental health, career and education, legal aid and marketing and commercial rights; and expenses related to the Olympic and Paralympic Games Tokyo 2020 and training environments.

Sport advancement funding of nearly $43 million represents an increase in programs focused on promoting an inclusive, safe and fair culture by advancing athletes’ safety, opportunity, access and representation across the Olympic and Paralympic movement.

Community growth investments of $26.5 million supported amplification of athlete stories, digital support of National Governing Bodies, international engagement and opportunities for athletes’ family and friends to connect through a first-of-its kind domestic Games experience amid the pandemic.

Highlights include:

USOPC distributed $110 million in high-performance grants going directly to athletes and National Governing Bodies.
Of those grants, $17 million was distributed in the form of direct athlete stipends to 1,521 athletes.
Team USA athletes also received $13.2 million in Operation Gold payments for medal performances at the Tokyo Games and other qualifying events.
Additionally, USOPC partnered with Toyota to provide $1.3 million in special grants to 435 Paralympic athletes.
USOPC support of the U.S. Center for SafeSport in 2021 grew to $20 million with $17.4 million provided by the USOPC and $2.6 million provided by NGBs.
The U.S. Olympic & Paralympic Foundation generated a record $36 million in revenue contributions, despite a challenging environment.
Due to the uncertainty of the Tokyo Games amid a global pandemic, the USOPC secured $133 million in financing to provide financial stability and ensure continued funding of key programs.
In December, a global settlement was reached related to Larry Nassar and USA Gymnastics, resolving all abuse claims pursuant to USA Gymnastics bankruptcy proceeding and the joint plan of reorganization. USOPC’s $34 million contribution to this settlement is included in the $76.7 million total for supporting services expenses.

How USOPC Uses Our Resources to Empower Team USA

Support and Revenue

$459,257

TOTAL SUPPORT AND REVENUE

Expenses

$269,209

TOTAL PROGRAM SERVICES

STATEMENTS OF ACTIVITIES — CONDENSED & CONSOLIDATED
SUPPORT AND REVENUE
Sponsorship and Licensing	205,498
Broadcast revenue	190,979
Contributions, net	48,158
Other Program Revenue	1,625
Investment Income	6,521
Other Revenue	6,476
Total support and revenue	459,257
EXPENSES - PROGRAM SERVICES
Athlete Excellence	200,112
Sport Advancement	42,557
Community Growth	26,540
Total program services	269,209
SUPPORTING SERVICES
Fundraising	10,454
Sales and marketing	9,416
General and administrative	56,808
Total supporting service	76,677
Total expenses	345,886
Change in net assets	113,371
Net assets, beginning of period	189,164
Net assets, end of period	302,535

Expenses

$269,209

TOTAL PROGRAM SERVICES

STATEMENTS OF FINANCIAL POSITION — CONSOLIDATED
ASSETS
Cash and cash equivalents	288,617
Investments	114,708
Accounts receivables, net
Pledges	11,175
Royalties and marks rights	19,118
Other	20,633
Prepaid expenses and other assets	25,116
Inventories, net	873
Investments held for deffered compensation arrangements	1,479
Land, buildings, and equipment, net	54,103
Total assets	535,822
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable and accrued liabilities	69,395
Deferred revenue	31,289
Deferred compensation arrangements	1,479
Long-term notes payable	131,124
Total liabilities	233,287
NET ASSETS
Without restriction	241,927
With restriction	60,608
Total net assets	302,535
Total liabilities and net assets	535,822

Note: This information is derived from out audited financial statements. For a complete version of our audited financial statements, including the independent auditor's opinion, please visit TeamUSA.org