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.
| Major Donor/GMC | 80% |
|---|---|
| Annual Support | 19% |
| Other | 1% |
| Grants & Programs | 71% |
|---|---|
| Fundraising | 20% |
| Management General | 9% |
(as of December 31st)
| Assets | 2020 | 2019 |
|---|---|---|
| Cash and cash equivalents | $ 2,672,050 | $ 2,076,896 |
| Contributions and pledges receivable, net | 7,175,946 | 9,410,384 |
| Accrued investment income receivable | 34,050 | 40,466 |
| Investments | 19,061,326 | 15,870,929 |
| Prepaid expenses | 265,695 | 161,212 |
| Property and equipment, net | 981,995 | 1,131,116 |
| ____________ $ 30,191,062 ======== | ____________ $ 28,691,003 ======== |
| Liabilities and Net Assets | ||
|---|---|---|
| Accounts payable and accrued expenses | $ 13,334 | $ 56,335 |
| Amounts held on behalf of others | 424,500 | 49,000 |
| Total liabilities | ________ 437,834 ________ | ________ 105,335 ________ |
| Net assets: | ||
| Without donor restrictions: | ||
| Undesignated fund, available for general activities | 4,600,356 | 3,798,515 |
| Board-designated funds, functioning as endowment | 5,337,989 __________ | 4,833,797 __________ |
| Total net assets without donor restrictions | 9,938,345 __________ | 8,632,312 __________ |
| With donor restrictions: | ||
| Purpose restrictions | 6,979,107 | 5,311,465 |
| Time-restricted for future periods | 2,169,860 | 4,819,263 |
| Perpetual in nature | 10,665,916 ___________ | 9,822,628 __________ |
| Total net assets with donor restrictions | 19,814,883 ___________ | 19,953,356 ___________ |
| 29,753,228 | 28,585,668 | |
| _____________ $ 30,191,062 ========= | _____________ $ 28,691,003 ========= |
2020
2019
2018
