2024-11-15T13:09:46-06:00 2023-12-31 201766527 WAUGH & GOODWIN LLP 2925 PROFESSIONAL PLACE STE 201 COLORADO SPRINGS CO 80904 990 2023-01-01 840976800 UNITED STATES AMATEUR BOXING FOUNDATION UNIT 5087858384 42 WALPOLE ST DOVER MA 02030 ED REINER PRESIDENT 5087858384 2024-11-15 1 1 JILL J GOODWIN P00450838 7195909777 2024-11-15 2023 2024-10-15 13:58:12Z ED REINER 42 WALPOLE ST DOVER MA 02030 152212 0 X WWW.BOXINGFOUNDATION.ORG X 1984 CO TO OPERATE EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF USA BOXING, INC. 11 11 0 0 0 0 55365 46742 0 0 129620 105470 0 0 184985 152212 312509 207269 0 0 0 0 73773 80000 80000 59669 65020 445951 352289 -260966 -200077 4644181 4790954 0 5246 4644181 4785708 TO OPERATE EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF USA BOXING, INC. FOR THE SPECIFIC PURPOSE OF RAISING FUNDS AND ACQUIRING ASSETS THAT WILL ENABLE USA BOXING, INC. TO ENCOURAGE, IMPROVE AND PROMOTE AMATEUR BOXING IN THE UNITED STATES. 0 0 207269 207269 THE FOUNDATION PROVIDES GRANTS TO USA BOXING, INC., AN EXEMPT ORGANIZATION, TO DEVELOP AND PROMOTE THE SPORT OF AMATEUR BOXING. THE FOUNDATION PROVIDES FUNDS BASED ON AVAILABILITY AND NEED TO USA BOXING, INC. DURING 2023, $207,269 WAS GRANTED TO SUPPORT USA BOXING PROGRAMS. AS FUNDS ARE AVAILABLE, THE FOUNDATION WILL CONTINUE TO PROVIDE SUPPORT TO USA BOXING. 207269 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 CA MI NY OH PA X DENI AUCLAIR 5087858384 42 WALPOLE ST DOVER MA 02030 X EDWARD REINER PRESIDENT 5.00 X X 0 0 0 DENI E AUCLAIR VICE PRESIDENT 5.00 X X 0 0 0 DENNIS R O'CONNELL SECRETARY 5.00 X X 0 0 0 ELISE SEIGNOLLE TREASURER 5.00 5.00 X X 0 0 0 RANDALL DICK TRUSTEE 5.00 X 0 0 0 DARRELL GUNTER TRUSTEE 5.00 X 0 0 0 BRADFORD S SMITH TRUSTEE 5.00 X 0 0 0 DARRYL SMITH TRUSTEE 5.00 X 0 0 0 CHRIS CUGLIARI TRUSTEE 5.00 X 0 0 0 IKE BELK TRUSTEE 5.00 X 0 0 0 TODD WADLER TRUSTEE 5.00 X 0 0 0 0 0 0 0 0 0 0 0 46742 46742 48597 48597 56873 0 56873 56873 56873 152212 0 0 105470 207269 207269 14000 14000 80000 80000 7308 7308 39238 39238 4232 4232 BANK CHARGES 189 189 COPIES & POSTAGE 53 53 352289 207269 65020 80000 X 49351 80517 29119 65669 4246 11238 4166465 4088539 395000 544991 4644181 4790954 5246 0 5246 X 4644181 4785708 4644181 4785708 4644181 4790954 -200077 341604 0 X X 0 1 X 0 0 X X 1 USA BOXING INC 841604168 10 1 207269 0 1 207269 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SECTION D LINE 2A USA BOXING APPOINTS THREE OF THE TRUSTEES, ONE OF WHOM SERVES AS TREASURER. THE EXECUTIVE DIRECTOR OF USA BOXING ATTENDS THE BOARD MEETINGS TO PROVIDE INFORMATION ON THE ACTIVITIES OF USA BOXING AND REQUESTS FOR FUNDING TO SUPPORT USA BOXING PROGRAMS. NO OTHER ORGANIZATIONS ARE SUPPORTED BY USA BOXING FOUNDATION. SECTION E LINE 2A USA BOXING IS THE ONLY ORGANIZATION SUPPORTED BY USA BOXING FOUNDATION. USA BOXING FOUNDATION PROVIDES GRANTS FOR USA BOXING FOR ACTIVITIES SUCH AS SCHOLARSHIPS FOR ATHLETES WHO NEED FINANCIAL ASSISTANCE, BOXING CHAMPIONSHIPS AND THE ALUMNI PROGRAM WHICH ENCOURAGES ATHLETES TO CONTINUE SUPPORTING THE SPORT OF BOXING. SECTION E LINE 2B USA BOXING RELIES ON THE FOUNDATION TO PROVIDE MANAGEMENT OF THE INVESTMENTS THAT GENERATE INCOME TO BE USED FOR THE SPORT OF BOXING AND TO PROVIDE PRUDENT OVERSIGHT OF THOSE FUNDS SO THAT FUNDING IS AVAILABLE FOR MANY YEARS. IN ADDITION TO FINANCIAL SUPPORT, USA BOXING UTILIZES FOUNDATION MEMBERS TO VOUNTEER FOR COMMITTEES OF USA BOXING. IF THE FOUNDATION DID NOT PROVIDE THESE SERVICES USA BOXING WOULD NEED TO PERFORM THESE SERVICES ON THEIR OWN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4644181 46742 447074 207269 145020 4785708 5647381 55365 -612614 312509 133442 4644181 5007096 6196 904847 158368 112390 5647381 4629887 1534 698561 300000 22886 5007096 4111571 7018 641213 93895 36020 4629887 1.00000 0 0 0 USOPE POOLED INVESTMENT FUND 4088539 F 4088539 DUE FROM USA BOXING 544991 544991 X 493816 341604 341604 152212 0 152212 352289 0 352289 0 352289 PART V, LINE 4: THE FOUNDATION PROVIDES ONGOING FINANCIAL SUPPORT FOR USA BOXING, INC. PROGRAMS BY AWARDING GRANTS AS FUNDS ARE AVAILABLE. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL INCOME TAX. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY VARIOUS TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE DATE IT WAS FILED. MANAGEMENT OF THE FOUNDATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 0 CEIL FOLZ CONSULTING PO BOX 1677 EDWARDS CO 81632 GROWTH OF FOUNDATION CONTRIBUTOR POOL 0 6127 80000 -73873 6127 80000 -73873 1 USA BOXING INC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 841604168 501(C)(3) 0 207269 TO SUPPORT THE OPERATIONS OF UNITED STATES AMATEUR BOXING, INC. 1 0 PART I, LINE 2: THE FOUNDATION HAS SET GRANT SELECTION CRITERIA WHICH USA BOXING, INC. IS REQUIRED TO ADHERE TO IN THEIR GRANT REQUESTS. USA BOXING, INC. IS REQUIRED TO SUBMIT RECEIPTS TO THE FOUNDATION IN ORDER TO ENSURE COMPLIANCE WITH GRANTS TERMS. UPON RECEIPT OF THIS DOCUMENTATION, THE GRANTS ARE FUNDED. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION HAS CHANGED THE WAY THAT THE AMOUNTS AVAILABLE FOR GRANT DISTRIBUTIONS TO USA BOXING, INC. ARE CALCULATED BY UTILIZING A FORMULA TO PROVIDE A MORE PREDICTABLE REVENUE STREAM FOR THEIR SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 USA BOXING, INC. IS THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE BYLAWS OF THE FOUNDATION PROVIDE THAT USA BOXING, INC. SELECTS THE FOLLOWING MEMBERS OF THE BOARD OF TRUSTEES OF THE FOUNDATION: THE CHAIRPERSON OF THE AUDIT COMMITTEE OF USA BOXING, INC.; IN ADDITION, ONE TRUSTEE FROM THE USA BOXING, INC. BOARD OF DIRECTORS AND ONE TRUSTEE WHO IS NOT A MEMBER OF THE USA BOXING, INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B IF ANY CHANGES ARE MADE TO THE BY-LAWS OF THE FOUNDATION, THEY MUST BE APPROVED BY USA BOXING, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER AND BUSINESS MANAGER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. USA BOXING INC 1 OLYMPIC PLAZA COLORADO SPRINGS CO 80909 841604168 NATIONAL GOVERNING BODY FOR AMATEUR BOXING IN THE UNITED STATES. CO 501(C)(3) 509(A)(2) USA BOXING INC 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0