In 1984 the USOC gave the US Weightlifting Federation 1.2 million dollars. Which has grown now to 2.3 million dollars. The policy of the USAW is to spend 1/2 of the interest from this money for weightlifting and to continually reinvest the other 1/2 along with any capital gains. This is great news for the fund and who is ever managing it.
Salaries and Wages $386,591.00 Employee Benefits $111,709.00 Employee Travel $ 24,375.00 Services Other then Personal $ 22,000.00 Other (My personal favorite) $ 31,500.00 Board Members Expense $ 6,000.00 Sub total $582,175.00 Web Site $ 10,000.00 Coaching and Sports Performances Courses $ 82,000.00 National Events $ 4,000.00 Athlete Insurance $ 43,068.00 Other Insurance $ 47,104.00 LWC Membership Reimbursements $ 25,972.00 Masters Program Rebate $ 7,505.00 Weightlifting USA Magazine $ 15,000.00 Sub Total $234,649.00 TOTAL $816,824.00
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