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.

Major Donor/GMC80%
Annual Support19%
Other1%
Grants & Programs78%
Fundraising14%
Management General8%

Statements of Financial Position

(as of December 31st, 2021)

Assets20212020
Cash and cash equivalents$ 4,188,828$ 2,672,050
Contributions and pledges receivable, net4,552,6797,175,946
Accrued investment income receivable32,81634,050
Investments22,395,05519,061,326
Prepaid expenses60,339265,695
Property and equipment, net867,341
981,995
___________
$ 32,097,058
==========
___________
$ 30,191,062
=========
Liabilities and Net Assets
Accounts payable and accrued expenses$ 68,081$ 13,334
Amounts held on behalf of others0424,500
Total liabilities______
68,081
______
_______
437,834
_______
Net assets:
Without donor restrictions:
Undesignated fund, available for general activities3,789,2584,600,356
Board-designated funds, functioning as endowment6,095,708
_________
5,337,989
________
Total net assets without donor restrictions9,884,966
_________
9,938,345
_________
With donor restrictions:
Purpose restrictions8,106,2416,979,107
Time-restricted for future periods1,449,2132,169,860
Perpetual in nature12,588,557
_________
10,665,916
_________
Total net assets with donor restrictions22,144,011
_________
19,814,883
_________
32,028,977
__________
29,753,228
_________
$ 32,097,058
==========
$ 30,191,062
=========

2021

2020

2019