United States Figure Skating Association

“Form 990 is initially reviewed by the CFO, Executive Director, and Treasurer. Once approved, it is then reviewed and presented to the Board of Directors from a member of the audit committee for their review and comments prior to filing. Post review by the Board of Directors the 990 is then filed to the IRS.”

“The rules of the US Figure Skating Association require that prior to appointment as a board member, committee chair, paid staff or appointment to any related outside organization, the member must execute the conflict of interest and ethical behavior statement. Determination of whether a violation exists, and any action to be taken, lies with the Chair of the Ethics Committee.”

“The Organization's Board of Directors determines the salary and bonus of the Executive Director based on employment contract and recommendation by the organization's compensation committee. The Compensation structure for all other employees is based on experience, title and range for the position. The compensation is evaluated on an annual basis and is overseen by the Executive Director. For all new employees, a formal letter is prepared regarding the terms of employment. The signed letter serves as documentation of the employee's terms of employment and is kept in each employee's permanent file. These processes apply to all employees of the organization and were last conducted by our auditors where applicable in 2014.”

“The Organization makes its governing documents, conflict of interest policy and financial statements available to the public via its website.”

“AND PARTICULARLY A) TO SERVE AS THE NATIONAL GOVERNING BODY IN THE SPORT OF FIGURE SKATING ON ICE AS RECOGNIZED BY THE UNITED STATES OLYMPIC COMMITTEE (USOC), AND TO SERVE AS THE UNITED STATES MEMBER OF THE INTERNATIONAL SKATING UNION (ISU), B) TO TAKE ALL STEPS NECESSARY TO REGULATE, GOVERN and promote FIGURE SKATING ON ICE THROUGHOUT THE UNITED STATES, INCLUDING THE RAISING OF FUNDS TO SUPPORT ACTIVITIES OF US FIGURE SKATING BY DUES, THE SALE OF PUBLICATIONS, THE CONDUCT OF COMPETITIONS, CARNIVAL ASSESSMENTS, SANCTION FEES AND ANY OTHER LAWFUL MEANS, PROVIDED THAT NONE OF THE INCOME OF US FIGURE SKATING INURES TO THE PRIVATE PROFIT OF ANY OF ITS MEMBERS, AND C) TO DEFINE AND MAINTAIN UNIFORM STANDARDS OF SKATING PROFICIENCY”

“Temporarily restricted donation transferred to Foundation for holding.”

“Program Management Fundraising GOVERNANCE & JUDGING 233,091 DONOR DEVELOPMENT 389,413 MISCELLANEOUS 135,702 ICE NETWORK 1,610,458 16,507 ----------------------------------------- TOTALS 1,843,549 152,209 389,413”