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CHARITY REVIEW
Issued: June 2025 Expires: June 2027

United States Olympic Committee

Standards Not Met
Standards Not Met
1 7 18
(719) 632-5551
27 South Tejon Street
Colorado Springs, CO, 80903
https://www.teamusa.org
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

United States Olympic Committee does not meet the following 3 Standards for Charity Accountability:

Standard 1 (Oversight of Operations and Staff)
Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

USOC does not meet this Standard because its board of directors does not:

  • Have a voting member of the board who is assigned the responsibility of serving as the treasurer.

Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

USOC does not meet this Standard because:

  • The organization has not completed an effectiveness assessment in the last two years.

Standard 18 (Privacy for Written Appeals & Internet Privacy)
Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

USOC does not meet this Standard because the privacy policy on the organization's website, https://www.teamusa.org, does not indicate:

  • What security measures are in place to protect personal information that is collected.

The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 15

United States Olympic Committee meets the remaining 16 Standards for Charity Accountability.

Stated Purpose:
"to empower the competitive excellence and well-being of Team USA athletes, championing the power of sport, and inspiring the nation."

Year, State Incorporated:
1950, DC

United States Olympic Committee (USOC) reports that it supports programs dedicated to serving elite athletes as they achieve their greatest potential. In addition to programs focused on athlete achievement (training, sport science and direct athlete grants), the organization also assists athletes with mental and physical health, safety, career advancement, education, and financial wellbeing.

For the year ended December 31, 2023, United States Olympic Committee's program expenses were:

Athlete Excellence $169,823,000
Sport Advancement $41,919,000
Community Growth $32,172,000
Total Program Expenses $243,914,000

Chief Executive
Sarah C. Hirshland, Chief Executive Officer

Compensation*
$1,302,584

Chair of the Board
Gene Sykes

Chair's Profession / Business Affiliation
Co-Chair, Goldman Sachs

Board Size
16

Paid Staff Size
521

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Planned giving arrangements

Fundraising costs were 5% of related contributions. (Related contributions, which totaled $215,219,000, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on United States Olympic Committee's audited financial statements - consolidated for the year ended December 31, 2023.

Source of Funds
Sponshorship and licensing $179,767,000
Investment income, net $48,274,000
Contributions $34,520,000
Other program income $3,157,000
Other income $1,980,000
In-kind contributions $852,000
Broadcast revenue $120,000
Special events, net $-40,000
Total Income $268,630,000

Programs: 85% Fundraising: 4% Administrative: 9%

Total Income $268,630,000
Total expenses: $287,604,000
  Program expenses $243,914,000
  Fundraising expenses $11,360,000
  Administrative expenses $25,109,000
  Other expenses $7,221,000
Income in Excess of Expenses $-18,974,000
Beginning Net Assets $537,666,000
Other Changes In Net Assets $0
Ending Net Assets $518,692,000
Total Liabilities $452,490,000
Total Assets $971,182,000

Note 1: As noted in the above financial section, "other expenses" includes sales and marketing.

Note 2: According to USOC's audited financial statements - consolidated - for the year ended December 31, 2023, the organization received $852,000 in contributed goods and services including sports medicine ($441,000), transportation support ($288,000), event services ($116,000), and office and storage space ($7,000).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Wise Giving Alliance