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 | 80% |
|---|---|
| Annual Support | 19% |
| Other | 1% |
| Grants & Programs | 78% |
|---|---|
| Fundraising | 14% |
| Management General | 8% |
(as of December 31st, 2021)
| Assets | 2021 | 2020 |
|---|---|---|
| Cash and cash equivalents | $ 4,188,828 | $ 2,672,050 |
| Contributions and pledges receivable, net | 4,552,679 | 7,175,946 |
| Accrued investment income receivable | 32,816 | 34,050 |
| Investments | 22,395,055 | 19,061,326 |
| Prepaid expenses | 60,339 | 265,695 |
| Property and equipment, net | 867,341 | 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 others | 0 | 424,500 |
| Total liabilities | ______ 68,081 ______ | _______ 437,834 _______ |
| Net assets: | ||
| Without donor restrictions: | ||
| Undesignated fund, available for general activities | 3,789,258 | 4,600,356 |
| Board-designated funds, functioning as endowment | 6,095,708 _________ | 5,337,989 ________ |
| Total net assets without donor restrictions | 9,884,966 _________ | 9,938,345 _________ |
| With donor restrictions: | ||
| Purpose restrictions | 8,106,241 | 6,979,107 |
| Time-restricted for future periods | 1,449,213 | 2,169,860 |
| Perpetual in nature | 12,588,557 _________ | 10,665,916 _________ |
| Total net assets with donor restrictions | 22,144,011 _________ | 19,814,883 _________ |
| 32,028,977 __________ | 29,753,228 _________ | |
| $ 32,097,058 ========== | $ 30,191,062 ========= |
2021
2020
2019
