Boston 2024 Counting On Corporate Sponsorships Mayor: Boston Games Overruns Not On Taxpayers USOC Praises Boston 2024's Progress Officials Withhold Judgement On Boston Bid 2.0 New Boston Bid Boston 2024 Can't Find Home For Velodrome Sources: USOC Encouraged By Boston '24 Tweaks USOC Polling Boston Residents On '24 Olympics USOC Tries To Woo Potential Rio Games Sponsors Poor Poll Numbers Should Not Hurt Boston '24
SBD/July 2, 2013/Olympics
Many U.S. Winter Olympic Hopefuls Struggle Under NGB System For Athlete Support
Published July 2, 2013
DOLLARS & SENSE: Federal tax filings show that the USOC “has been successful financially," reporting a $91M revenue surplus in '12. Whiteside wondered, "Why do many aspiring Olympians struggle financially?” The USOC “provides funds to national governing bodies (NGBs) based on performance.” As a result, the “rich get richer.” The USOC last year “provided grants" of more than $4M to both USA Track & Field and USA Swimming. The U.S. Ski & Snowboard Association was the “only other NGB" to top $4M in grants. USA Gymnastics ($2.7M), U.S. Speedskating ($2.7M) and USA Shooting ($2.4M) were the “only other sports to receive more than $2 million in grants.” Plant said, "The bottom line is everyone has to understand there's a clear path, and they are result- and performance-based" (USATODAY.com, 7/1).