Nonprofit · EIN 72-1581977
USA SWIMMING FOUNDATION
Tax-exempt · COLORADO SPRINGS, CO 80909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,386,245 | $4,595,149 | $1,791,096 | $23,928,461 | $82,710 | $23,845,751 |
| December 31, 2023 | 990 | $3,927,267 | $4,113,825 | -$186,558 | $22,935,804 | $1,012,557 | $21,923,247 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,269,760
- Program service revenue
- $1,354,341
- Investment income
- $2,421,179
- Royalties
- $342,850
- Net gain from sales of assets
- $1,933,620
- Net income from fundraising events
- -$1,885
- Other revenue
- $340,965
Expenses
- Grants and similar amounts paid
- $2,272,835
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $24,000
- Legal fees
- $2,184
- Accounting fees
- $13,000
- Travel
- $359,286
- Program services (functional)
- $3,235,641
- Management and general (functional)
- $637,179
- Fundraising (functional)
- $722,329
Balance sheet and other
- Total assets, start of year
- $22,935,804
- Total assets, end of year
- $23,928,461
- Total liabilities, end of year
- $82,710
- Net assets, end of year
- $23,845,751
- Publicly traded securities
- $20,213,119
- Net assets without donor restrictions
- $14,702,835
- Net assets with donor restrictions
- $9,142,916
- Gross receipts
- $13,795,889
- Employees
- 0
- Volunteers
- 150
- Year formed
- 2004
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY HINCHEY | CEO (to 08/2024) Officer | 5 | $0 | $981,472 | $70,017 |
| Shana Ferguson | INTERIM CEO (from 8/2024) Officer | 5 | $0 | $406,947 | $70,703 |
| ERIC SKUFCA | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $323,991 | $77,213 |
| DAVID SHACKLEY | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ANNE BERRY | VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| jay definis | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ELIZABETH BEISEL | secretary Trustee or director, Officer | 4 | $0 | $0 | $0 |
| CYNTHIA EUBANKS | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| CULLEN JONES | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JILL BORNSTEIN | director Trustee or director | 4 | $0 | $0 | $0 |
| DAWSON HUGHES | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| ALEX BLAVATNIK | TREASURER Trustee or director | 4 | $0 | $0 | $0 |
| GREG PINCHBECK | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JON KOSSOW | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| TIM BUCKLEY | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kimberly Chen Bock | Director Trustee or director | 4 | $0 |
| Dan Clough | Director Trustee or director | 4 | $0 |
| John Enquist | Director Trustee or director | 4 | $0 |
| Kelley Gay | Director Trustee or director | 4 | $0 |
| Heather Glass | Director Trustee or director | 4 | $0 |
| Kyle Jackson | Director Trustee or director | 4 | $0 |
| Mary Wayte Bradburne | Director Trustee or director | 4 | $0 |
| Andrew Wilson | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY HINCHEY | CHIEF EXECUTIVE OFFICER Officer | 5 | $0 | $895,205 | $67,350 |
| ERIC SKUFCA | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $299,055 | $61,937 |
| CULLEN JONES | DIRECTOR Trustee or director | 4 | $34,000 | $0 | $0 |
| ELIZABETH BEISEL | SECRETARY Trustee or director, Officer | 4 | $29,500 | $0 | $0 |
| JEFF MOXIE | DIRECTOR (To 11/2023) Trustee or director | 4 | $0 | $0 | $0 |
| DAVID SHACKLEY | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ANNE BERRY | VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| DAVID WIEDERECHT | DIRECTOR (To 11/2023) Trustee or director | 4 | $0 | $0 | $0 |
| ALEX BLAVATNIK | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JILL BORNSTEIN | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| CYNTHIA EUBANKS | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DAWSON HUGHES | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JAY DEFINIS | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| GREG PINCHBECK | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JON KOSSOW | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| TIM BUCKLEY | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| Kimberly Chen Bock | Director (from 11/2023) Trustee or director | 4 | $0 | $0 | $0 |
| Dan Clough | Director Trustee or director | 4 | $0 | $0 | $0 |
| John Enquist | Director Trustee or director | 4 | $0 | $0 | $0 |
| Kelley Gay | Director (from 11/2023) Trustee or director | 4 | $0 | $0 | $0 |
| Heather Glass | Director (from 11/2023) Trustee or director | 4 | $0 | $0 | $0 |
| Kyle Jackson | Director Trustee or director | 4 | $0 | $0 | $0 |
| Mary Wayte Bradburne | Director (FROM 09/2023) Trustee or director | 4 | $0 | $0 | $0 |
| Andrew Wilson | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 OLYMPIC PLAZA, COLORADO SPRINGS, CO 80909-5780
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- kEVIN RING, 1 Olympic Plaza, Colorado Springs, CO 80909
- Signed the 990
- KEVIN RING, CEO
- Phone
- (719) 866-4578
- Return prepared by
- Sorren Inc
Mission
ESTABLISHED IN 2004, THE USA SWIMMING FOUNDATION WORKS TO STRENGTHEN THE SPORT OF SWIMMING BY SAVING LIVES, BUILDING CHAMPIONS, AND IMPACTING COMMUNITIES WHETHER PROVIDING GRANT FUNDING TO MEMBERS OF OUR LESSON PROVIDER NETWORK, SUPPORTING THE DREAMS OF NATIONAL TEAM MEMBERS, OR GROWING THE SPORT IN TRADITIONALLY UNDERSERVED POPULATIONS, THE FOUNDATION IS PROUD TO SERVE AS THE PHILANTHROPIC ARM OF USA SWIMMING. SWIMMING IS THE ONLY SPORT THAT CAN SAVE A LIFE, AND OUR WORK IS CRITICAL TOWARDS MAKING THE SPORT AN EQUITABLE SPACE.
Program accomplishments
- Saving Lives - Learn-to-Swim Initiative: USA Swimming and the USA Swimming Foundation believe that the best defense against drowning is empowering children and adults with the life-saving skill of swimming and education on how to be safer around the water. In 2021, that mission was expanded when U.S. Masters Swimming (USMS) moved its fundraising efforts for adult learn-to-swim programs from its USMS Swimming Saves Lives Foundation to the USA Swimming Foundation. Bringing all learn-to-swim fundraising efforts under one umbrella is creating greater generational impact by providing swim lessons to all ages. With the help of a nationwide network of qualified swim lesson providers and water safety advocates USA Swimming and the USA Swimming Foundation educate families through a national awareness campaign, save lives by supporting free and reduced-cost programming, and utilize Centers for Disease Control & Prevention (CDC) data to impact areas of the country with the highest need.Expenses $1,099,572 · grants $823,011 · revenue $206,882
- Building Champions: the United States is one of few countries that do not provide government funding for its Olympic-level athletes. National Team swimmers maintain a rigorous and demanding training and travel schedule; therefore, most professional swimmers do not have time to maintain traditional employment. Travel, physical therapists, strength trainers, nutritionists, sports psychologists and other experts are essential for peak physical performance, mental wellness and positive team culture. The USA Swimming Foundation provides financial support to members of the USA Swimming National Team, and to members of the 2024 U.S. Olympic Swimming Team to impact continued growth and development. One of the premiere programs fostered by the USA Swimming Foundation is the Donor Athlete Partnership Program. This mentorship program focuses on athlete support in and out of the pool. By investing in leadership development, networking, career exploration, investors in this program support athletes with transition services and planning for life after swimming.Expenses $1,706,445 · grants $1,173,824 · revenue $1,152,259
- Impacting Communities - Expand Competitive Opportunities: the USA Swimming Foundation focuses on investing in three impactful programs to increase access and opportunities to our sport for underrepresented communities: Community Impact Grants, Historically Black Colleges and Universities (HBCU) Grants and Community Swim Teams. Through the Community Impact Grant program, USA Swimming aims to grow a diverse community of champion athletes by creating competitive opportunities within diverse communities. Grant dollars are utilized for learn-to-swim programming, scholarships, technology, equipment and administrative support. By investing in Historically Black Colleges and Universities (HBCU), we aim to revitalize aquatic programming within these diverse communities by supporting new water safety education and competitive opportunities. Grant dollars are utilized for learn-to-swim programming, club travel expenses, technology and equipment and administrative support. Community Swim Teams partner with municipal and recreational departments throughout the U.S. to provide athletes with USA Swimming membership resources and competitions. These partnerships also offer municipal coaches access to education, professional development and introduce a new diverse population of families, athletes and coaches to USA Swimming. LINE 4D, PROGRAM SERVICE ------------------------ Alumni Legacy: The USA Swimming Foundation sustains a network of National Team alumni from the 1940's to present who are passionate about giving back to the sport that gave so much to them. Alumni events are held biannually to celebrate successes and share updates about the USA Swimming Foundation. This group of former athletes are incredible stewards of the sport and continue to give back in various ways.Expenses $429,624 · grants $276,000 · revenue $338,050
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1581977
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N11)
- Assets (IRS master file)
- $23,928,461
- Income (IRS master file)
- $13,795,889
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,386,245 | $4,595,149 | $23,928,461 | XML |
| 990 | December 2023 | $3,927,267 | $4,113,825 | $22,935,804 | XML |
| 990 | December 2022 | $3,461,390 | $3,771,278 | $19,829,085 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1581977).
Questions about USA SWIMMING FOUNDATION
- What is the EIN of USA SWIMMING FOUNDATION?
- The employer identification number (EIN) of USA SWIMMING FOUNDATION is 72-1581977.
- Is USA SWIMMING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to USA SWIMMING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does USA SWIMMING FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of USA SWIMMING FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did USA SWIMMING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of USA SWIMMING FOUNDATION?
- The 990 for the year ended December 31, 2024 names kEVIN RING.
- Who are the officers and directors of USA SWIMMING FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does USA SWIMMING FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,386,245, expenses of $4,595,149 and total assets of $23,928,461 at year end.
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