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. 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. The Foundation is proud to have again been awarded Charity Navigator’s 4* award for excellence.

Major Donor/GMC85%
Annual Support13%
Other1%
Facility Income1%
Grants & Programs71%
Fundraising20%
Management General9%

Statements of Financial Position

(as of December 31st)

Assets20192018
Cash and cash equivalent$ 2,076,896$ 1,486,075
Investments$15,870,92912,483,699
Contributions and pledges receivable, net9,410,3849,245,188
Accrued investment income receivable40,46636,273
Prepaid expenses161,21249,185
Property and equipment, net1,131,1161,286,074
_____________

$ 28,691,003
==========

_____________

$ 24,586,494
==========

Liabilities20192018
Accounts payable and accrued expenses$ 56,335$ 20,596
Accounts held on behalf of others49,000
Total Liabilities __________

$ 105,335
__________

__________

$ 20,596
__________

Net Assets20192018
Without Donor Restrictions$8,632,312$ 5,650,808
With Donor Restrictions19,953,35618,915,090
Total Net Assets_______________

$ 28,585,668
_______________

_______________

$ 24,565,898
_______________

_______________

$ 28,691,003
==========

_______________

$ 24,586,494
==========

2019

2018

2017