UNITED STATES OLYMPIC COMMITTEE ANNUAL REPORT

Transcription

1 UNITED STATES OLYMPIC COMMITTEE ANNUAL REPORT

2 A YEAR OF ACHIEVEMENT POSITION ON OVERALL AND GOLD MEDAL CHARTS AT THE 2012 OLYMPIC GAMES Team USA earned 104 medals to lead all nations for a fifth straight Games, while capturing its most-ever gold medals on foreign soil (46). 98 MEDALS EARNED BY TEAM USA AT THE 2012 PARALYMPIC GAMES A total of 227 U.S. athletes including 20 military veterans took part in the largest Paralympic Games to date. 47 NATIONAL GOVERNING BODY PARTNERS The USOC continued collaboration with 39 Olympic/Paralympic sport NGBs (31 summer, 8 winter), as well as eight Pan American sport NGBs. 7 RENEWED PARTNERS TEN 3 NEW PARTNERS Newly signed sponsor agreements secured $80 million in future revenue for the USOC. 219 MILLION AMERICANS TUNED INTO THE LONDON GAMES ON TELEVISION The 2012 Olympic Games were the most-watched television event in history.

3 25,924 ATHLETES UTILIZED THE THREE U.S. OLYMPIC TRAINING CENTERS Centers in California, Colorado and New York provided state-of-the-art facilities, along with access to sport-performance professionals and cutting-edge sports technologies. OLYMPIC DAY EVENTS Events took place in 529 cities and reached an audience of more than 200, U.S. ATHLETES GRACED THE PODIUM IN LONDON Nearly 40 percent of Team USA returned home from the Olympic and Paralympic Games with at least one medal in either individual or team competitions. 3,520,128 SOCIAL MEDIA FOLLOWERS The USOC actively engaged fans on Facebook, Twitter, YouTube, Google+ and Instagram. $340,700,000 IN REVENUE Total revenue was up more than 20 percent from the comparable year in the previous quadrennium (2008). 650,000 ANNUAL FUND CONTRIBUTORS The American public embraced the Team Behind the Team mentality, contributing to Team USA s success via individual donations. $115,000,000 IN RETAIL SALES GENERATED THROUGH LICENSED MERCHANDISE Retail sales of Team USA licensed merchandise surpassed expectations by $15 million, setting a record for an international Olympic Games. 1

4 MISSION To support U.S. Olympic and Paralympic athletes in achieving sustained competitive excellence while demonstrating the values of the Olympic Movement, thereby inspiring all Americans. 2

5 2012 MESSAGE LETTER FROM THE CHAIRMAN & CHIEF EXECUTIVE OFFICER Dear Friends, Aided by a passionate fan base and a diverse network of constituents that believe in the power of Olympic and Paralympic sport, the United States Olympic Committee enjoyed remarkable success in Not only did our athletes achieve historic results, but the U.S. Olympic and Paralympic brands are stronger, revenues are rising, and athlete and NGB support are at an all-time high. In partnership with our NGBs, we helped American athletes shine at the London 2012 Olympic Games, where we topped both the gold and overall medal charts. U.S. athletes demonstrated the best our country has to offer, inspiring the American public on and off the field of play. Equality was at the forefront, with U.S. women winning more than half of Team USA s gold medals a fitting tribute to commemorate the 40th anniversary of Title IX. Also, more Americans than ever before experienced the power of the Paralympic Movement, laying the foundation for increased awareness and integration. Thanks to Team USA s performance in London, along with record levels of individual philanthropic support and fan engagement, the U.S. Olympic brand grew stronger than ever in Fueled in part by the innovative overhaul of our digital properties, public interest in Team USA made the London Games the most watched television event in U.S. history. Last year was also highlighted by record-setting levels of revenue, which helped secure long-term support for American athletes. In 2012, we also elevated our international credibility and relationships with members of the International Olympic Committee by forging a revenue-sharing agreement with the IOC that will guide our financial relationship for the next three decades. This significant milestone was a by-product of our concerted effort to more fully engage with the worldwide Olympic Movement and play an appropriate leadership role. In an effort to cultivate a more inclusive, competitive and progressive culture, we also worked to develop and improve programming in areas that help further advance our organization. Key initiatives in 2012 included safe sport, diversity and inclusion, athlete career development, and community engagement programs. These efforts combined with our increased focus on results-based resource allocation have helped create a culture of service, stability and growth. We very much appreciate your support. LAWRENCE F. PROBST III Chairman SCOTT A. BLACKMUN Chief Executive Officer 3

6 OLYMPIC AND PARALYMPIC MOVEMENTS OLYMPIC MOVEMENT INTERNATIONAL OLYMPIC COMMITTEE 204 NATIONAL OLYMPIC COMMITTEES 35 INTERNATIONAL FEDERATIONS NATIONAL FEDERATIONS (39 Olympic, 8 Pan American in the United States) The Olympic Movement is overseen by the International Olympic Committee, which is supported by 35 International Federations that govern each sport on a global level, 204 National Olympic Committees that oversee Olympic sport as a whole in each nation, and National Federations that administer each sport at the national level (called National Governing Bodies in the United States). In the U.S., there are 39 Olympic NGBs (31 summer, 8 winter) and eight Pan American NGBs (summer only). 4

7 COMMON ACRONYMS IOC International Olympic Committee IPC International Paralympic Committee ANOC Association of National Olympic Committees NOC National Olympic Committee NPC National Paralympic Committee IF International (Sport) Federation PASO Pan American Sport Organization USOC United States Olympic Committee NF National (Sport) Federation NGB National Governing Body (same as NF) PARALYMPIC MOVEMENT INTERNATIONAL PARALYMPIC COMMITTEE 174 NATIONAL PARALYMPIC COMMITTEES 17 INTERNATIONAL FEDERATIONS 19 NATIONAL FEDERATIONS (19 in the United States) The Paralympic Movement is overseen by the International Paralympic Committee, which directly governs seven Paralympic sports and is supported by 17 International Federations that oversee the remaining sports on a global level. Of the 17 IFs, nine are shared with Olympic sport, four are Paralympic-sport specific and four represent particular impairment groups. Meanwhile, 174 National Paralympic Committees oversee Paralympic sport as a whole in each nation, while National Federations often manage the administration of the individual sports on a national level. In the United States, U.S. Paralympics directly governs five Paralympic sports, while 14 are managed by U.S. Olympic NFs and five are overseen by other U.S. members of IFs. 5

8 LEADERSHIP BOARD OF DIRECTORS (THROUGH DECEMBER, ) INDEPENDENT Lawrence F. Probst III (Chairman) Chairman, Electronic Arts Inc. Robert Bach Former President of Entertainment & Devices Division, Microsoft Corp. James Benson CEO, Benson Botsford LLC Ursula M. Burns Chairman & CEO, Xerox Corp. John S. Hendricks Founder & Chairman, Discovery Communications Susanne Lyons Former Executive Vice President & Chief Marketing Officer, Visa USA ATHLETES ADVISORY COUNCIL NATIONAL GOVERNING BODIES COUNCIL Nina Kemppel Four-Time Olympian, Cross-Country Skiing Jair K. Lynch Two-Time Olympian, Gymnastics Mary McCagg Two-Time Olympian, Rowing Bob Bowlsby Commissioner, Big 12 Conference Dave Ogrean Executive Director, USA Hockey Michael P. Plant Executive Vice President of Business Operations, Atlanta Braves EX OFFICIO Anita L. DeFrantz International Olympic Committee Member James L. Easton International Olympic Committee Member Angela Ruggiero International Olympic Committee Member Scott A. Blackmun* Chief Executive Officer, United States Olympic Committee *Non-voting 6

9 UNITED STATES OLYMPIC COMMITTEE ABOUT US Founded in 1894 and headquartered in Colorado Springs, Colorado, the United States Olympic Committee is the National Olympic Committee for the United States. In addition, the USOC is one of only four NOCs in the world that also serve as the National Paralympic Committee for their country. The USOC is responsible for supporting, entering and overseeing U.S. teams for the Olympic, Paralympic, Youth Olympic, Pan American and Parapan American Games and serves as the steward of the Olympic and Paralympic movements in the U.S. Unlike most other nations, the United States does not have a sports ministry. The USOC was reorganized by the Ted Stevens Olympic and Amateur Sports Act, originally enacted in It is a federally chartered nonprofit corporation and does not receive federal financial support (other than for select Paralympic military programs). Pursuant to the Act, the USOC has the exclusive right to use and authorize the use of Olympic-related marks, images and terminology in the United States. The USOC licenses that right to sponsors as a means of generating revenue in support of its mission. The USOC is governed by a 16-member board of directors and a professional staff headed by a CEO. The USOC also has three constituent councils to serve as sources of opinion and advice to the board and USOC staff, including the Athletes Advisory Council, National Governing Bodies Council and Multi-Sport Organizations Council. The AAC and the NGBC each have three representatives on the board, while six members of the board are independent. The CEO of the organization and all American members of the IOC (three as of December 2012) are ex officio members of the board. 7

10 2012 OLYMPIC GAMES ON THE WORLD STAGE 8

11 The London 2012 Olympic Games marked a historic campaign for the United States, which finished atop the overall and gold medal charts in record-setting fashion while collecting more gold medals than ever before on foreign soil. With 104 total medals won including 46 golds, 29 silvers and 29 bronzes the U.S. led the overall medal count for a fifth straight Games dating back to The 46 gold medals were the most for the U.S. in a non-boycotted Games since 1904 and put the U.S. atop the chart for the first time since the 2004 Games. MEDALS 104 TOTAL MEDALS WON: MEDALED IN 18 SPORTS (competed in 28) FOUR TEAM SPORTS EARNED GOLD MEDALS ATHLETES 532 ATHLETES COMPRISED THE 2012 U.S. OLYMPIC TEAM (270 women and 262 men) 27 MULTI-MEDALISTS 13 MULTI-GOLD MEDALISTS 208 MEDALISTS If American women competed as their own nation, they would rank tied for second in the gold-medal count. In total, the U.S. women won 58 medals, including 29 golds more than half of the medals secured by Team USA. 9

12 PARALYMPIC GAMES ON THE WORLD STAGE More than 200 American athletes helped comprise the largest field in Paralympic Games history as the U.S. earned 98 medals to finish fourth on the medal chart. Overall, 91 Americans earned podium spots in 12 sports. BY THE NUMBERS 4,237 ATHLETES REPRESENTING 164 NATIONS COMPETED U.S. ATHLETES EARNED MEDALS IN 12 SPORTS 227 AMERICANS COMPRISED THE 2012 U.S. PARALYMPIC TEAM (133 men and 94 women) 3 U.S. TEAM SPORTS WON MEDALS (1 SILVER, 2 BRONZES) U.S. ATHLETES WON MULTIPLE MEDALS 20 U.S. MILITARY VETERANS AND ACTIVE DUTY SERVICE MEMBERS REPRESENTED TEAM USA 98 MEDALS WERE WON BY TEAM USA 31 GOLDS 29 SILVERS 38 BRONZES On the one-year anniversary of losing his vision while serving in Afghanistan, Lt. Brad Snyder captured gold in the 400-meter freestyle (S11) swimming event. It was one of three medals he won at the 2012 Paralympic Games, where he was also selected by his peers to serve as Team USA s flag bearer in the Closing Ceremony.

13 YOUTH OLYMPIC GAMES ON THE WORLD STAGE A team of 57 young athletes represented the U.S. in the inaugural Winter Youth Olympic Games in Innsbruck, Austria, in January. The Games, which featured 15 disciplines across all seven sports on the Olympic program, saw Team USA compete in 49 of 63 medal events, earning 10 medals overall. The Games went well beyond excellence on the field of play as athletes gained invaluable international experience through a robust Culture and Education Program that fostered interaction between countries. BY THE NUMBERS 1,059 ATHLETES FROM SEVENTY NATIONS COMPETED 4 U.S. ATHLETES WON MULTIPLE MEDALS 57 ATHLETES REPRESENTED THE UNITED STATES 10 MEDALS WERE WON BY TEAM USA (3 GOLDS, 3 SILVERS, 4 BRONZES) TOP-FIVE FINISHES WERE SECURED BY U.S. ATHLETES ON THE RADAR > 2014 SOCHI 2014 OLYMPIC WINTER GAMES FEB SOCHI 2014 PARALYMPIC WINTER GAMES MARCH 7 16 NANJING 2014 YOUTH OLYMPIC GAMES AUG

14 ADVANCING SPORT In 2012, nearly 80 percent of expenditures $197 million went to programming in support of U.S. athletes and sport bodies, including both NGBs and Paralympic organizations. Of those expenditures, a total of $90 million in grants provided direct support to athletes and sport bodies, as well as the international Olympic and Paralympic movements. The remaining $107 million was utilized for programming such as Olympic Training Centers, U.S. Paralympics, international games, sports medicine and science, and international relations Grants NGBS/PARALYMPIC ORGANIZATIONS $57M ATHLETES $23M INTERNATIONAL $10M NGB Support Direct support is strategically allocated to give the greatest number of American athletes the opportunity to reach the podium. According to this results-based resource allocation process, the USOC dedicated more than $1 million each to a total of 18 NGBs, including three that received in excess of $4 million. Business and operational service support is also provided to NGBs to enhance organizational stability and growth in support of long-term medal prospects. Olympic and Paralympic Training Sites In 2012, the USOC partnered with 15 U.S. Olympic Training sites including five that also served Paralympic programs to allow American athletes the best training venues and facilities for their sport development. Located in 13 states across the country, these sites served nearly 600 national team athletes in BY THE NUMBERS IN 2012, TRAINING SITES WERE UTILIZED BY: 32 OLYMPIC AND PARALYMPIC MEDALISTS 64 PARALYMPIANS 109 OLYMPIANS 17 NGBs 592 U.S. NATIONAL TEAM ATHLETES Athlete Support As part of the mission to support American athletes in achieving the highest level of excellence, in addition to monetary grants, the USOC provides athletes with a variety of medical, education and career development programs. Medical Services: The Elite Athlete Health Insurance Program and National Medical Network combined to provide elite athletes with more than $5.1 million of services in The programs were designed to offer athletes convenient medical care and health insurance support, while minimizing out-of-pocket expenses. Education and Career: Through a continued partnership with DeVry University, the USOC offered tuition assistance to 61 athletes looking to pursue higher education in Additionally, the Team USA Career Program aided 231 athletes and tripled job placements across six partner organizations, including Adecco, GE, Hilton, McDonald s, Powerade and TD Ameritrade. In 2012, nearly $6 million was dedicated to Operation Gold, an ongoing program that awards cash to athletes who finish on the podium at designated international events. 12

15 Olympic Training Centers The USOC operates U.S. Olympic Training Centers in Colorado Springs, Colo.; Chula Vista, Calif.; and Lake Placid, N.Y. These elite training environments are equipped with a network of scientists, doctors, athletic trainers, cutting-edge sports technologies and state-of-the-art facilities that served more than 25,000 athletes in ATHLETES AND TRAINING CAMPS GAMES IMPACT Colorado Springs 16,205 ATHLETES 1,196 CAMPS 2012 OLYMPIC GAMES 292 members of the 2012 U.S. Olympic Team trained at an OTC in the lead-up to the Games. Chula Vista 5,767 ATHLETES 486 CAMPS Lake Placid 3,953 ATHLETES 322 CAMPS 93 WON A MEDAL IN LONDON 2012 PARALYMPIC GAMES 155 MEMBERS OF THE 2012 U.S. PARALYMPIC TEAM TRAINED AT AN OTC IN THE LEAD-UP TO THE GAMES, 59 OF WHOM WON A MEDAL IN LONDON. 13

16 INTERNATIONAL ENGAGEMENT Committed to being an active and engaged partner in the worldwide Olympic Movement, USOC leadership spends a substantial amount of time connecting and sharing with colleagues on a global level, while the organization hosts a number of international meetings and events. Managed 12 cooperation agreements with NOCs from all over the world ACTIVE PARTNER Be and be seen as an active and constructive contributor to the worldwide Olympic Movement. Supported 28 international participants in the International Coaching Enrichment Certification Program Distributed 20 grants totaling approximately $400,000 to NGBs as part of the IR Grant Program with the aim of strengthening NGB collaboration with IFs and hosting international events Hosted 1,600 athletes, coaches and officials from 75 nations at three U.S. Olympic Training Centers Implemented sport development programs for the Continental associations of America and Africa 14

17 Representing a significant step forward on the international front, in 2012, the USOC reached a long-term agreement with the IOC regarding the U.S. share of worldwide television and sponsorship revenue, establishing a solid foundation for the future of both organizations. WORLDWIDE HOST Host a variety of international sporting events and meetings, including the Olympic and Paralympic Games. HELD TWO IOC MEETINGS: World Conference on Women and Sport and the Athlete Career Program Forum HOSTED TWO IF MEETINGS: FISA Executive Committee and the International Volleyball Federation (FIVB) Electoral Congress ORGANIZED TWO PASO MEETINGS: Americas Best Practices Symposium and PASO Executive Committee CREATED A BID WORKING GROUP to explore a future U.S. bid for the Olympic and Paralympic Games 15

18 BRAND INFLUENCE The following corporations make up the Team Behind the Team providing critical support to the U.S. Olympic and Paralympic teams. The USOC signed three new sponsors and confirmed the renewal of seven more, securing nearly $80 million in future revenue. WORLDWIDE DOMESTIC OUTFITTERS 16

19 The U.S. Olympic brand became stronger than ever in 2012 the result of globally dominant performances by American athletes, a new USOC brand architecture and record-setting consumption by the American public. BY THE NUMBERS SUPPORTED BY 34 CORPORATE PARTNERS, SPONSORS AND SUPPLIERS The USOC s 2012 USA House in London marked the organization s most successful hospitality program ever. More than 17,000 guests were MILLION AMERICANS WATCHED THE LONDON GAMES By the end of 2012, USOC social media pages had amassed a total of 3,520,128 followers, representing an increase of 109 percent and an expansion from two to five platforms. entertained over the 17-day period, with more than 70 private events and 17 sponsorship activation showcases % INCREASE RETAIL SALES OF TEAM USA LICENSED MERCHANDISE EXCEEDED $115 MILLION SURROUNDING THE LONDON GAMES, SURPASSING EXPECTATIONS BY $15 MILLION. 130 MILLION AMERICANS ARE FANS OF THE OLYMPIC MOVEMENT 81% Awareness of the Paralympic Movement grew to 81 percent in the U.S. after the London Games. THE OLYMPIC GAMES ARE THE NO. 1 SPORTING EVENT OF INTEREST FOR FEMALE AMERICANS. The USOC engaged 650,000 fans during the ROAD TO LONDON TOUR in 22 CITIES over a 40-day span prior to the London Games. TeamUSA.org Redesigned in early 2012, TeamUSA.org generated over 63 MILLION PAGE VIEWS throughout the year. ROAD TO LONDON The Team USA Road to London mobile/tablet app, which launched in May 2012, generated nearly 300,000 DOWNLOADS, exceeding expectations by more than 325 percent. 17

20 EDUCATION, YOUTH & COMMUNITY OUTREACH OLYMPIC DAY With 2012 Olympic Day occurring one month before the Opening Ceremony of the London Olympic Games, the USOC had a unique opportunity to inspire Americans and kick off a terrific summer for Team USA. More than 200,000 Americans celebrated Olympic Day at 632 events in 529 cities across all 50 states, making 2012 the most successful U.S. Olympic Day celebration ever. In addition to the record participation, more than 550 Olympians, Paralympians, coaches and hopefuls joined in the celebration, including 103 Olympic and Paralympic athletes who went on to compete in the London Games. BY THE NUMBERS 203,722 PARTICIPANTS OLYMPIANS, PARALYMPIANS, HOPEFULS AND COACHES 2012 OLYMPIC DAY EVENTS EVENTS CITIES INTERNATIONAL EVENTS 5 GERMANY 1 GUAM 2 JAPAN 2 SPAIN 1 TURKEY 1 UNITED KINGDOM 2012 U.S. PARTICIPATING ORGANIZATION EVENTS 330 MULTI-SPORT ORGANIZATIONS 235 NATIONAL GOVERNING BODIES 26 U.S. OLYMPIANS ASSOCIATION 36 U.S. MILITARY 88 NATIONAL RECREATION & PARKS ASSOCIATION 7 Paralympic Sport Clubs 13 OLYMPIC TRAINING SITES & DEVELOPMENT PROGRAMS 12 BOY SCOUTS OF AMERICA 89 BOYS & GIRLS CLUBS OF AMERICA 59 YMCA OF THE USA 18

21 MULTI-SPORT ORGANIZATIONS The USOC is partnered with 34 community-based Multi- Sport Organizations, which help reach more than 60 million participants at more than 25,000 facilities across the country. The Multi-Sport Organizations Council made increased Olympic Day participation its key goal in 2012, with 18 MSOs hosting 335 events a 23 percent increase from COMMUNITY OLYMPIC DEVELOPMENT PROGRAMS The USOC increased its Community Olympic Develop ment Programs membership to nine with the addition of the New York Fencers Club in In total, the CODPs, which combine elite athlete training with a broad-based effort to enhance grassroots participation, annually host more than 30,000 youth clinics and reach 8,000 elite athletes nationwide. SAFESPORT In March 2012, the USOC launched SafeSport, a welfare training program aimed at maintaining safe environments in all levels of sport. Shared through a network comprised of 47 NGBs and 34 MSOs, SafeSport has an expansive reach of approximately 73 million youth. WARRIOR GAMES Highlighted by an appearance from first lady Michelle Obama, the 2012 Warrior Games presented by Deloitte were held May 1 5 in Colorado Springs, Colo. The third annual event featured 220 wounded, ill and injured service members and veterans representing six branches of the U.S. military and the British Armed Forces. TEAM FOR TOMORROW Team for Tomorrow concluded its third cycle in 2012, with U.S. athletes embracing the opportunity to give back through a variety of social and civic causes. Athlete ambassadors donated approximately 100 service hours to various organizations across the country, while the USOC donated 5,000 jackets to those affected by Superstorm Sandy. HALL OF FAME More than 100,000 votes helped determine the U.S. Olympic Hall of Fame Class of 2012, which featured 11 members. The 15th class was formally introduced and honored on July 12 during an award ceremony at the Harris Theater in Chicago. Gail Devers (track & field) Jean Driscoll (Paralympic track & field) Gary Hall Jr. (swimming) Lisa Fernandez (softball) Kristine Lilly (soccer) Dan O Brien (track & field) Jenny Thompson (swimming) 2004 U.S. Olympic Women s Softball Team Ed Temple (coach, track & field) James Connolly (veteran, track & field) Ted Stevens (special contributor) TEAM USA AMBASSADOR PROGRAM The London edition of the Team USA Ambassador Program, which educates U.S. Olympic and Paralympic hopefuls about their roles and responsibilities, featured 35 ambassadors delivering 55 programs to more than 1,000 U.S. athletes in 28 cities across the country, resulting in incredible representation by American athletes in London. PARALYMPIC SPORT CLUBS At the close of 2012, U.S. Paralympics had partnerships with 183 active Paralympic Sport Clubs up from 157 in 2011 representing 46 states and Washington, D.C. The network hosted 204 competitions and 86 Paralympic Experiences while offering Paralympic sport opportunities to 11,400 youth and 12,200 adults including 6,850 new participants, and 4,440 veterans and injured service members.

22 AMERICA S TEAM Unlike most NOCs, the USOC does not receive government funding, thus relies on the support of the American public to help U.S. athletes stay competitive with the rest of the world. In an effort to diversify the USOC s revenue sources, a focused campaign was launched in 2012 that resulted in the organization s most successful year in the history of its major gift program. Net philanthropic support for the 2012 quadrennium increased by 55 percent from the period. The new campaign also materially increased the number of significant ($10,000+) donations, while securing continued support from 20 new members of the U.S. Olympic Foundations board of trustees, whose members commit to donating at least $300,000 over three years. In addition, the USOC created its first digital fundraising campaign in 2012 to engage Americans in a collective effort to support Team USA leading up to London. The Raise Our Flag campaign was launched 100 days before the Opening Ceremony and gave Americans the opportunity to purchase a stitch in the flag that would accompany Team USA to London (at a minimum of $12). Overall, 29,257 stitches were purchased, and the program raised more than $375,000. Finally, 2012 also saw a significant increase in the amount of major gift donors who participated in the 2012 Olympic Games experience, as the USOC hosted 130 families in London, compared with eight in Beijing. Overall, the USOC received donations from more than 650,000 individuals nationwide. 20

23 FINANCIAL REVIEW UNITED STATES OLYMPIC COMMITTEE STATEMENTS OF ACTIVITIES CONDENSED & UNCONSOLIDATED (in thousands) Year Ended December 31, 2012 Four-Year Period Ended December 31, 2012 Four-Year Period Ended December 31, 2008 SUPPORT AND REVENUE Contributions $ 49,341 $182,916 $113,236 Less direct donor benefits (4,254) (18,826) (14,883) Net contribution income 45, ,090 98,353 Broadcast rights and related interest income 161, , ,574 USOC marks rights income 83, , ,624 Licensing royalty income 18,023 28,586 27,056 Grants from the United States Olympic Foundation 9,017 36,316 49,311 Investment income 1,074 3,676 11,380 Other 22,486 66,539 23,707 EXPENSES Total support and revenue 340, , ,005 Program services Member support 74, , ,765 U.S. Paralympics 24,398 75,391 30,534 Member services Olympic Training Centers 27,231 98,597 96,542 National events 6,210 9,222 9,051 International competition 33,745 60,605 36,327 Sports science 1,264 6,173 20,235 Drug control 4,268 15,412 17,636 Public relations 3,322 10,803 11,902 Sports medicine 3,065 9,503 9,951 Education and archival services 7,447 13,952 1,211 International relations 2,583 11,260 9,823 Program committees Coaching programs 415 1,509 1,480 Broadcasting 7,592 19,461 10,356 Other 853 2,338 13,801 Total program services 196, , ,978 SUPPORTING SERVICES Fundraising 20,956 84,041 68,456 Sales and marketing 17,207 48,416 48,514 General and administrative 13,745 56,069 59,889 Total supporting services 51, , ,859 Total expenses 248, , ,837 Changes in net assets 91,958 59,216 52,168 Cumulative effect of accounting change (1,122) Net assets, beginning of period 134, , ,064 Net assets, end of period $226,326 $226,326 $167,110 Note: This information is derived from our audited financial statements. For a complete version of our audited financial statements, including the independent auditor s opinion, please visit teamusa.org. 21

24 FINANCIAL REVIEW UNITED STATES OLYMPIC COMMITTEE REVENUE AND EXPENSES UNCONSOLIDATED QUAD REVENUE $852 MILLION 33% Marks Rights $284M 19% Contributions* $164M 13% Other $107M 3% Licensing Royalties $29M 32% Broadcast Rights $268M *Less donor benefits QUAD EXPENSES % Sport Programming $276M $793 MILLION 7% Administration $56M 6% Marketing $48M 11% Fundraising $84M 7% Other Programming $59M 34% Member Support $270M Note: The above information is derived from the USOC s audited financial statements. For a complete version, including the independent auditor s opinion, please visit TeamUSA.org. 22

25 REVENUE % Broadcast Rights $161M $341 MILLION 13% Contributions* $45M 10% Other $33M 5% Licensing Royalties $18M 25% Marks Rights $84M *Less donor benefits EXPENSES 2012 $249 MILLION 40% Sport Programming $101M 9% Other Programming $22M 8% Fundraising $21M 7% Marketing $17M 6% Administration $14M 30% Member Support $74M Note: The above information is derived from the USOC s audited financial statements. For a complete version, including the independent auditor s opinion, please visit TeamUSA.org. 23

26 FINANCIAL REVIEW UNITED STATES OLYMPIC COMMITTEE STATEMENT OF FINANCIAL POSITION UNCONSOLIDATED (in thousands) As of December 31, 2012 ASSETS Cash and cash equivalents $ 39,475 Restricted cash, cash equivalents and investments 21,200 Investments 97,115 Accounts receivables, net Pledges 24,038 Royalties and marks rights 11,751 Other 6,371 Prepaid expenses and other assets 5,112 Inventories 1,838 Investments held for deferred compensation arrangements 307 Land, buildings and equipment, net 92,730 Total assets $299,937 LIABILITIES AND NET ASSETS Liabilities Accounts payable and accrued liabilities $ 37,110 Deferred revenue 36,194 Deferred compensation arrangements 307 Total liabilities 73,611 Net assets Unrestricted 180,451 Temporarily restricted 35,444 Permanently restricted 10,431 Total net assets 226,326 Total liabilities and net assets $299,937 Note: The above information is derived from the USOC s audited financial statements. For a complete version, including the independent auditor s opinion, please visit TeamUSA.org. 24

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