Financials | USET Foundation
 

Financial Information

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.

Charity Navigator 4 Star Rating
Major Donor/GMC82.5%
Annual Support16.5%
Other1%
Grants & Programs78.6%
Fundraising13.8%
Management/General7.6%

Statements of Financial Position

(as of December 31st, 2022)

Assets20222021
Cash and cash equivalents$ 4,190,280$ 4,188,828
Contributions and pledges receivable, net7,327,2674,552,679
Accrued investment income receivable32,46732,816
Investments19,426,92822,395,055
Prepaid expenses386,33460,339
Right-of-use asset81,280-
Property and equipment, net761,077
867,341
___________
$ 32,205,633
==========
___________
$ 32,097,058
==========
Liabilities and Net Assets
Accounts payable and accrued expenses$ 17,559$ 68,081
Lease Liability81,280 -
Total liabilities______
98,839
______
______
68,081
______
Net assets:
Without donor restrictions:
Undesignated fund, available for general activities3,527,1593,789,258
Board-designated funds, functioning as endowment5,377,454
_________
6,095,708
________
Total net assets without donor restrictions8,904,613
_________
9,884,966
_________
With donor restrictions:
Purpose restrictions5,107,0808,106,241
Time-restricted for future periods5,160,2241,449,213
Perpetual in nature12,934,877
_________
12,588,557
_________
Total net assets with donor restrictions23,202,181
_________
22,144,011
_________
32,106,794
__________
32,028,977
_________
$ 32,205,633
==========
$ 32,097,058
=========

2022

2021

2020