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USOC reports $141M in revenue

Updated: May 18, 2012, 7:37 PM ET
Associated Press

The U.S. Olympic Committee filed its 2011 tax forms Friday and reported revenue of $141 million -- down $110 million from 2010 mainly because it did not receive broadcasting revenue during a non-Olympic year.

Expenses fell by $6 million, to $185 million.

The USOC moved all its former CEOs off the books in 2011, paying only its current chief executive, Scott Blackmun, who made $741,000.

Stephanie Streeter and Jim Scherr received their final payments in 2010, the same year Blackmun ...

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