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To the U.S. Olympic and Paralympic Community,
As a governance and organizational best practice, and in service to our broad community of stakeholders, each year we honor our commitment to accountability and transparency by publishing documents that reflect on the prior year, present our audited financials and demonstrate the impact of our organization during that year to empower Team USA athletes and champion the power of sport.
For 2020, we are sharing our expanded Impact Report, which includes a new set of comprehensive auditing and reporting documents and clearly outlines the progress of our organization in fulfillment of our mission and strategic plan. As part of this report, we are also posting our consolidated financial statements and Form 990s for the USOPC and U.S. Olympic & Paralympic Foundation, as well as detailed statements of how we allocate financial support to member organizations in support of Team USA athletes.
Every day, we strive to build a better more inclusive world through sport by empowering Team USA athletes to achieve both competitive excellence and well-being. In 2020, that mission was tested as the U.S. Olympic and Paralympic Movement joined the global community in facing unprecedented adversity during the COVID-19 pandemic, which placed athletes’ Olympic and Paralympic dreams on hold with the first postponement of an Olympic and Paralympic Games.
In the face of unforeseen challenges, the USOPC, together with athletes, National Governing Bodies, High Performance Management Organizations, partners, donors and the broader Olympic and Paralympic movements, prioritized the safety and security of its community, got creative, and responded with transparency, adaptability, grit and resolve. Through a fact-based approach that focused on the inevitable return to sport, we adapted plans to maintain consistency in athlete and member support, and ensure the long-term success of Team USA for years to come.
In 2020, the USOPC served Team USA athletes by fostering their well-being and competitive excellence, promoting a culture of inclusiveness, safety and fairness free from misconduct and abuse, strengthening oversight and accountability of our full community, and engaging all partners to support Team USA athletes and further the U.S. Olympic and Paralympic Movement.
Outlined below are a few highlights of our progress from last year, and I encourage you to review the Impact Report and take pride in the work we have achieved together.
Empowering Sustained Athlete Well-Being & Competitive Excellence
We have come so far, but our work continues. Now, as we look ahead to the Tokyo Games this summer and the Beijing Games next year, we return to sport with Team USA athletes better supported and prepared than ever before, and ready to compete and inspire.
Chief Executive Officer
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