As a so-called non-profit organisation that generates billions in revenue in the U.S. with American sponsors, NBCUniversal and LA 2028 and enjoys tax privileges, the International Olympic Committee has to submit tax filings every year. The Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the Internal Revenue Service (IRS).
In the Form 990, the IOC administration must also provide information on the salaries, bonuses and other benefits for the executives. You will look in vain for such information in the IOC's annual financial reports – like many other fundamentally detailed figures that have never been published.
For example? In the annual reports …
- There is no detailed information on individual payments from all sponsors and other partners, only totals.
- There is no detailed information on individual payments by all TV rights holders, only totals.
- There are no details of individual payments made by the IOC to each National Olympic Committee, only totals.
- There is no detailed information on individual payments made by the IOC to all Olympic sport federations (IFs), only totals and, in minor cases, a small amount of information (e.g. on payments for guest Olympic sports).
- There is no detailed information on exact payments and services provided by the IOC and its partners to Olympic Organising Committees – only totals, which do not distinguish, for example, between cash payments and value in kind services.
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Last year, THE INQUISITOR already published the salaries of the IOC management team for 2021.
The documents are regularly collected on the ProPublica platform on the basis of the IRS Freedom of Information.
The questionable Olympic constant is that under the IOC deity Thomas Bach, the salaries of executives have risen exorbitantly. Why?
In the table below, we have extrapolated the figures for 2022 to the Olympic cycle and thus calculated a potential total for 2021-2024.
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In accordance with the information provided by the IOC in the IRS Form 990, we have included the total amount for each person at director level in the table below, which is made up of …
- base compensation
- bonus & incentive compensation
- other reportable compensation
- retirement and other deffered compensation
- non-taxable benefits
Study the complete list for 2022, prepared for you in a table below.