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/GMC
82.5%
Annual Support
16.5%
Other
1%
Grants & Programs
78.6%
Fundraising
13.8%
Management/General
7.6%
Statements of Financial Position
(as of December 31st, 2022)
Assets
2022
2021
Cash and cash equivalents
$ 4,190,280
$ 4,188,828
Contributions and pledges receivable, net
7,327,267
4,552,679
Accrued investment income receivable
32,467
32,816
Investments
19,426,928
22,395,055
Prepaid expenses
386,334
60,339
Right-of-use asset
81,280
-
Property and equipment, net
761,077
867,341
___________ $ 32,205,633 ==========
___________ $ 32,097,058 ==========
Liabilities and Net Assets
Accounts payable and accrued expenses
$ 17,559
$ 68,081
Lease Liability
81,280
-
Total liabilities
______ 98,839 ______
______ 68,081 ______
Net assets:
Without donor restrictions:
Undesignated fund, available for general activities