USWP blocks $250k for athletes

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usapologal
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USWP blocks $250k for athletes

Postby usapologal » Thu Aug 30, 2018 10:46 am

Does anyone care that USWP Board of Directors (controlled by one) have successfully blocked nearly a quarter of a million dollars of National Team athlete support for the past three years?

ephpolo
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Re: USWP blocks $250k for athletes

Postby ephpolo » Tue Sep 11, 2018 7:52 am

Is this related to funds disbursed from the USAWP Foundation? If so, that's the same issue that was flagged by auditors, who said this:

As discussed in Note C to the financial statements, the Corporation
has not consolidated its financial statements with the United
States Water Polo Foundation (the Foundation), an entity over which
USA Water Polo, Inc. has control.



I don't know the background, but this seems like an issue that should be resolved.

HANKTORING
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Re: USWP blocks $250k for athletes

Postby HANKTORING » Sun Nov 17, 2019 9:18 pm

A year later, but what is the deal here?
Can anyone shed some light on this posting?

usapologal
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Re: USWP blocks $250k for athletes

Postby usapologal » Mon Dec 16, 2019 12:53 pm

Hank, no news. A few months ago, USWP Foundation offered to provide direct financial support to the mens & womens national team athletes. They simply asked USWP, Inc. to identify the appropriate athletes. USWP, Inc. replied with a hostile and sarcastic response saying that this direct support is unacceptable. Further, and more outrageous, USWP, Inc. threatened to sue the Foundation and it's Trustees if they proceeded. USWP's leadership is misguided. And where are the Athlete Representatives? They should be campaigning hard for this financial support on behalf of the athletes.

sasabucur
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Re: USWP blocks $250k for athletes

Postby sasabucur » Mon Dec 16, 2019 11:08 pm

Maybe the foundation wants to use this money to seed fund a 4-6 team league that combines college graduates and top 18-under clubs. Lets push this into a 16-18 and 22-25 year olds that want to continue practicing after college while training young HS kids. Once something like that is proposed USWP will jump in as they lose power.

usapologal
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Re: USWP blocks $250k for athletes

Postby usapologal » Wed Dec 18, 2019 2:57 pm

The Foundation's mission is to act as a fiduciary to preserve and enhance its endowment for the benefit of Olympic water polo athletes. The endowment was created by the $1m provided by the LA Olympic Organizing Committee from the surplus from the 1984 Olympics.

Wpguy
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Re: USWP blocks $250k for athletes

Postby Wpguy » Tue Jun 02, 2020 7:05 pm

2019 USA WATER POLO TOP SALARIES
Chris Ramsey $ 493,622
Adam Krikorian $ 341,662
Dejean Udovocic $272,415
John Abdou $219,824

-32H20polo
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Re: USWP blocks $250k for athletes

Postby -32H20polo » Wed Jun 10, 2020 9:33 am

Wpguy wrote:2019 USA WATER POLO TOP SALARIES
Chris Ramsey $ 493,622
Adam Krikorian $ 341,662
Dejean Udovocic $272,415
John Abdou $219,824

The above salaries are inappropriate. There is no reason for half a million dollar salary or even a quarter of a million dollar salary in water polo in the United States. If the organizations have that much to throw around they need to throw it around to improving and expanding the sport. NOT lining the pockets of individuals.

Horse585
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Re: USWP blocks $250k for athletes

Postby Horse585 » Thu Jun 11, 2020 6:16 pm

I think that to attract top coaches for national teams, according to the mission statement to win medals, then you've got to pay market rate. I believe that these salaries are aligned with the market for top world coaching positions.

Where reductions in expenses can begin is in the CEO position -- like universities, sometimes the top salary is not the president or chancellor, but the head football and/or basketball coach. This is perhaps the model USAWP should follow.

Where Ramsey may be able to take credit is for leading the growth of USAWP's revenue and capacity (it is no longer a total backwater nonprofit), it is also a consideration for how some of his compensation could be re-allocated to athletes. To that end, men have decided over and over again that they would rather begin building their careers and wealth than suffer without adequate financial support AND lose out on career opportunity cost...and not even get a whiff of a medal.

When/If Ramsey ever moves on, this should be a significant consideration for the USAWP board to strategically re-imagine.

And, btw, Abdou rules! He's earned every penny and then some. I think we have our next CEO already lined up.

Wpguy
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Re: USWP blocks $250k for athletes

Postby Wpguy » Mon Jun 15, 2020 2:55 pm

Wpguy wrote:2019 USA WATER POLO TOP SALARIES
Chris Ramsey $ 493,622
Adam Krikorian $ 341,662
Dejean Udovocic $272,415
John Abdou $219,824

https://www.celebworth.net/2018/08/how- ... e.html?m=1

Simone Biles is earning almost $200,000 less a year than Chris Ramsey. And that is because everyone in water polo knows Chris Ramsey is more important to our sport than Simone Biles is to Gymnastics.

as23
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Re: USWP blocks $250k for athletes

Postby as23 » Wed Feb 10, 2021 7:55 pm

Wpguy wrote:2019 USA WATER POLO TOP SALARIES
Chris Ramsey $ 493,622
Adam Krikorian $ 341,662
Dejean Udovocic $272,415
John Abdou $219,824



May I ask where did you obtain these figures from ?
I haven’t seen them in the annual report

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Re: USWP blocks $250k for athletes

Postby Moderator » Wed Feb 10, 2021 8:39 pm

USA Water Polo is a non profit, and as such, required to post their tax returns. The 2019 Tax Returns are posted on the USAWP website. Here is Page 8, with salaries. Link to entire tax return: https://usawaterpolo.org/documents/2020 ... uments.pdf

As a comparison, the CEO of USA Gymnastics makes $387,000

USA Water Polo Salaries
CS Tax return for year 2019.pdf
(15.15 KiB) Downloaded 224 times

Sctrojanje
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Re: USWP blocks $250k for athletes

Postby Sctrojanje » Thu Feb 11, 2021 2:27 am

These are old, but I am awaiting the Financials to see what amount they have set aside in reserve for future 'liabilities' as required by Financial Standards...those are going to be enlightening

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