Financials – USET Foundation
Will Coleman is the FIRST AMERICAN IN HISTORY to win CHIO4*S Aachen!!!

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.

Major Donor/GMC80%
Annual Support19%
Other1%
Grants & Programs71%
Fundraising20%
Management General9%

Statements of Financial Position

(as of December 31st)

Assets20202019
Cash and cash equivalents$ 2,672,050$ 2,076,896
Contributions and pledges receivable, net7,175,9469,410,384
Accrued investment income receivable34,05040,466
Investments19,061,32615,870,929
Prepaid expenses265,695161,212
Property and equipment, net981,995
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 others424,50049,000
Total liabilities________
437,834
________
________
105,335
________
Net assets:
Without donor restrictions:
Undesignated fund, available for general activities4,600,3563,798,515
Board-designated funds, functioning as endowment5,337,989
__________
4,833,797
__________
Total net assets without donor restrictions9,938,345
__________
8,632,312
__________
With donor restrictions:
Purpose restrictions6,979,1075,311,465
Time-restricted for future periods2,169,8604,819,263
Perpetual in nature10,665,916
___________
9,822,628
__________
Total net assets with donor restrictions19,814,883
___________
19,953,356
___________
29,753,22828,585,668
_____________
$ 30,191,062
=========
_____________
$ 28,691,003
=========

2020

2019

2018