The United States Equestrian Team Foundation is a 501(c)(3) nonprofit organization, EIN 22-1668879.
Contributions made to the USET Foundation directly support the grants that the Foundation makes to the Federation for the High Performance programs and direct athlete grants. Annually, the USET Foundation awards grants covering approximately 50% of the High Performance program budget. Donors may give an unrestricted gift or restrict their gift to a specific discipline.
The USET Foundation adheres to good governance and the best practices that minimize the chance of unethical activities and consistently executes its mission in a fiscally responsible way.
Major Donor/GMC | 82.5% |
---|---|
Annual Support | 16.5% |
Other | 1% |
Grants & Programs | 78.6% |
---|---|
Fundraising | 13.8% |
Management/General | 7.6% |
(as of December 31st, 2022)
Assets | 2022 | 2021 |
---|---|---|
Cash and cash equivalents | $ 4,190,280 | $ 4,188,828 |
Contributions and pledges receivable, net | 7,327,267 | 4,552,679 |
Accrued investment income receivable | 32,467 | 32,816 |
Investments | 19,426,928 | 22,395,055 |
Prepaid expenses | 386,334 | 60,339 |
Right-of-use asset | 81,280 | - |
Property and equipment, net | 761,077 | 867,341 |
___________ $ 32,205,633 ========== | ___________ $ 32,097,058 ========== |
Liabilities and Net Assets | ||
---|---|---|
Accounts payable and accrued expenses | $ 17,559 | $ 68,081 |
Lease Liability | 81,280 | - |
Total liabilities | ______ 98,839 ______ | ______ 68,081 ______ |
Net assets: | ||
Without donor restrictions: | ||
Undesignated fund, available for general activities | 3,527,159 | 3,789,258 |
Board-designated funds, functioning as endowment | 5,377,454 _________ | 6,095,708 ________ |
Total net assets without donor restrictions | 8,904,613 _________ | 9,884,966 _________ |
With donor restrictions: | ||
Purpose restrictions | 5,107,080 | 8,106,241 |
Time-restricted for future periods | 5,160,224 | 1,449,213 |
Perpetual in nature | 12,934,877 _________ | 12,588,557 _________ |
Total net assets with donor restrictions | 23,202,181 _________ | 22,144,011 _________ |
32,106,794 __________ | 32,028,977 _________ | |
$ 32,205,633 ========== | $ 32,097,058 ========= |
2022
2021
2020