United States Olympic and Paralympic Committee

“Voting members members of the usopc board who also serve on the international olympic committee's (ioc) or international paralympic committee (ipc) board of directors are allocated one vote and all other members are allocated a number of votes equal to the number of members also serving on the ioc. At the end of 2024, there were two members of the board who also served on the ioc board and one member who serves on the ipc governing board. Therefore, the non-ioc/ipc board members have two votes each, while the ioc/ipc board members have one vote each. The ceo is a non-voting member.”

“The usopc board of directors is comprised of a balance of athlete, national governing bodies (ngb) and independent representation consisting of five independent directors, three members elected by the national governing bodies council (ngbc), three members elected by the team usa athletes' commission, two at-large athlete members elected by the team usa athletes' commission (with final candidates for the at-large seats being selected in a joint nomination process that included the united states olympians and paralympians association and the team usa athletes' commission). All u.s. Members of the ioc and u.s. Members of the international paralympic committee governing board (currently five in total) as ex-officio members, and the ceo as an ex-officio non-voting member.”

“Form 990 review a complete copy of the usopc form 990 is provided to the finance audit risk committee. The chief of finance meets or conducts a meeting with the finance audit risk committee to discuss any issues or concerns and the chief of finance takes immediate action to resolve any outstanding issues raised by the committee. The committee formally approves the completed 990 and a complete copy is then sent to the usopc board of directors prior to it being filed with the internal revenue service.”

“Conflict of interest policy the usopc obtains annual certifications from the organization's staff, board of directors, and committee members. The ethics officer reviews the completed disclosure statements and provides access to conflict disclosures to the entire ethics committee. The ethics officer and the chair of the ethics committee, in some cases in consultation with the entire ethics committee, determine in each case whether a conflict exists and so record their decision in connection with each relevant disclosure statement, also indicating any required mitigation measures (which may include, but is not limited to, prohibiting the person from participation in the organization's deliberations and decisions in an affected transaction).”

“All employee compensation as part of determining the ceo, officer, and key employees and other executive compensation, the usopc compensation committee engages mercer a marsh & mcclellan company as an independent external compensation consultant (the consultant) to provide comparable market data from independent salary survey data to present compensation amounts and policies to the compensation committee and management for approval. The discussions about compensation strategies and key programs are contemporaneously documented, and decisions about compensation strategies and executive market benchmark data are made by the compensation committee of the board of directors in strict accordance with the bylaws of the organization. In addition, mercer provided letters certifying that our compensation falls within a reasonable range of competitive market practices applicable to like positions among like organizations under like circumstances. The usopc specifically performs the following steps in determining compensation of all employees (including officers and key employees) compensation package. The usopc has an established salary structure consisting of pay grades and associated salary ranges for exempt and non-exempt positions. Each range includes a minimum, midpoint and maximum pay level. Jobs are assigned to a pay grade based on the job description, compensation philosophy, nationally and regionally available independent salary survey data and economic business conditions data. Final determination of the pay grade also takes into account available data regarding salaries paid for similar jobs in the marketplace as well as internal equity considerations. All full-time and part-time regular employees are eligible for annual merit increases based upon performance. The approved merit pool for all employees is approved by the compensation committee of the usopc board of directors based on compensation philosophy, nationally available independent salary survey data, economic business conditions data and the recommendations of management. All full-time and part-time regular employees are eligible for at-risk bonus compensation based upon a combination of organizational achievement of annual strategic priorities as determined by the compensation committee and individual goal achievement depending on the employee's role. The funding budget of the at-risk bonus is also reviewed and approved by the compensation committee. The ceo's merit increases and at-risk compensation are determined by the compensation committee using processes similar to those described above for all employees. The compensation committee then provides a written confirmation of the process and outcome to human resources and finance for documentation and audit purposes.”

“Public disclosure united states olympic & paralympic committee's bylaws, conflict of interest policy, and audited financial statements, along with the code of conduct and impact report, can be found at usopc.org.”

“Long term financing in june of 2021, the committee secured $133 million in long term financing to provide financial stability and ensure continued funding of key programs in the event that the olympic games in tokyo or the winter olympic games in beijing were cancelled. The term of the notes is 10 years with the option to pay back a portion of the outstanding balance after june 2023. The notes are secured by future revenue streams of the committee.”