TSX REPORT: Tax forms show money is tight at USATF; more Tokyo 2020 scandal? 87%

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≡ THE 5-RING CIRCUS ≡

1. USA Track & Field reserves down to $597,993 at start of 2023
2. More Tokyo 2020 questions: bid gift inquiry asked
3. USA Swimming: no contact with Russian federation
4. WADA’s 2022 annual report: 87% of aths trust the system
5. European study shows anti-doping education has impact

● USA Track & Field posted its 2022 tax return, showing that a long-promised $9.9 million contribution was made to the organizing committee of the 2022 World Athletics Championships in Eugene, running its reserves down to $597,933 at the start of this year. Both revenues and expenses set all-time records, with the annual loss at $6.72 million.

● The Tokyo 2020 Olympic bid is in the headlines again after a Prefectural Governor said that undisclosed government funds were used to enable “gifts” for International Olympic Committee members prior to the 2013 where Tokyo won the right to stage the Games. Prime Minister Kishida was asked to open an inquiry.

● USA Swimming said it has had no discussions with the Russian Swimming Federation about a dual meet next February, following the 2024 World Aquatics Championships in Qatar, as Russian federation head Vladimir Salnikov had claimed over the weekend.

● The World Anti-Doping Agency published its annual report for 2022, noting that a survey of more than 1,500 athletes had 87% saying that they “trust that the anti-doping system enables clean competition and fair play.” The IOC and European governments continue to be the main WADA funders.

● An Italian-led study of the European Athletics mandatory “I Run Clean” education program showed that attitudes towards doping fell by 11% among athletes surveyed and 38% among coaches, a considerable success.

● Panorama: International Olympic Committee (“targeted dialogue” explained) = Paris 2024 (airports, Seine River to be closed for Olympic opening) = Athletics (Russian doping reported down in 2023) = Alpine Skiing (Shiffrin’s unbelievable career Slalom record) = Bobsled & Skeleton (IBSF celebrates its centennial) = eSports (Saudi prince elected head of IESF) = Fencing (FIE Congress recognizes year’s best) = Sailing (“Olympic Vision” concepts may include new rankings system) ●

1.
USA Track & Field reserves down to $597,993 at start of 2023

At the end of 2021, USA Track & Field reported net reserves of $8,533,319 on its IRS Form 990, the required tax return for non-profit organizations.

On Monday, nearly 11 months after the end of the year, the federation posted its 2022 Form 990, showing its net reserves were down by 93.0% to $597,993, after an overall loss of $6.72 million.

Why? A long-promised cash contribution to the success of the 2022 World Athletics Championships in Eugene of $9,903,723. A…