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Nonprofiteer
← UDT-SEAL ASSOCIATION INC

Form 990 for tax year 2023

Filed by UDT-SEAL ASSOCIATION INC.

Totals

Total revenue
$2,318,083
Total expenses
$1,332,731
Contributions and grants received
$2,171,333
Grants paid
$0
Program service revenue
$0
Investment income
$146,750
Other revenue
$0
Total assets, end of year
$3,081,380
Total liabilities, end of year
$21,401
Net assets or fund balances, end of year
$3,059,979
Program services expenses (Part IX)
$878,484
Management and general expenses
$302,019
Fundraising expenses
$152,228
Program service expenses (Part III)
$878,484

Program services were 65.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $188,975

  • 1c · Fundraising events

    $125,417

  • 1d · Related organizations

    $55,000

  • 1e · Government grants (contributions)

    $194,785

  • 1f · All other contributions, gifts and grants

    $1,607,156

  • 3 · Investment income

    total $74,001 · related or exempt $74,001

  • 7a · Gross sales of assets other than inventory

    securities $984,112

  • 7b · Less cost or other basis and sales expenses

    securities $911,363

  • 7c · Gain or loss

    securities $72,749

  • 7d · Net gain or loss

    total $72,749 · related or exempt $72,749

  • 8a · Fundraising events: contributions included on line 1c

    $125,417

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $455,460 · program services $455,460

  • 5 · Compensation of officers, directors and key employees

    total $209,400 · program services $83,760 · management and general $83,760 · fundraising $41,880

  • 7 · Other salaries and wages

    total $203,801 · program services $81,521 · management and general $81,520 · fundraising $40,760

  • 10 · Payroll taxes

    total $32,955 · program services $13,182 · management and general $13,182 · fundraising $6,591

  • 11a · Fees: management

    total $31,943 · program services $24,339 · management and general $3,802 · fundraising $3,802

  • 11c · Fees: accounting

    total $7,962 · program services $7,962

  • 11f · Fees: investment management

    total $16,734 · management and general $16,734

  • 11g · Fees: other

    total $95,187 · program services $38,075 · management and general $38,075 · fundraising $19,037

  • 12 · Advertising and promotion

    total $4,958 · program services $2,479 · fundraising $2,479

  • 13 · Office expenses

    total $64,809 · program services $12,962 · management and general $38,885 · fundraising $12,962

  • 14 · Information technology

    total $26,001 · program services $5,200 · management and general $15,601 · fundraising $5,200

  • 19 · Conferences, conventions and meetings

    total $136,236 · program services $136,236

  • 23 · Insurance

    total $15,006 · program services $12,078 · fundraising $2,928

  • 24a · Other expenses: Bank Fees

    total $26,149 · program services $5,230 · management and general $10,460 · fundraising $10,459

  • 24b · Other expenses: Supplies

    total $6,130 · fundraising $6,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,253 · end of year $44,678

  • 2 · Savings and temporary cash investments

    beginning of year $223,844 · end of year $786,941

  • 4 · Accounts receivable

    beginning of year $11,245 · end of year $10,668

  • 11 · Investments: publicly traded securities

    beginning of year $1,633,983 · end of year $2,236,368

  • 15 · Other assets

    beginning of year $5,105 · end of year $2,725

  • 17 · Accounts payable and accrued expenses

    end of year $13,961

  • 24 · Unsecured notes and loans payable

    end of year $7,440

  • 27 · Net assets without donor restrictions

    beginning of year $1,328,250 · end of year $2,504,980

  • 28 · Net assets with donor restrictions

    beginning of year $590,180 · end of year $554,999

Mission and programs · 2023

Mission

A VETERANS SUPPORT ORGANIZATION OF PAST AND PRESENT MEMBERS OF THE NAVAL SPECIAL WARFARE COMMUNITY DESIGNED TO SERVE AS ADVOCATES TO OUR MEMBERS BY PROVIDING LIAISON WITH APPROPRIATE AND EXISTING SERVICES IN RESPONSE TO THEIR NEEDS.

  • SCHOLARSHIPS

    Expenses $381,427

  • VSP (Veterans Support Program)

    Expenses $360,821

  • HISTORY AND HERITAGE; SPECIAL EVENTS

    Expenses $136,236

As filed on the 2023 return.

Listed in Part VII

  • James Poillon

    Director

    Total calculated
    $0
    Hours/week
    0

  • Brad Treadway

    Director

    Total calculated
    $0
    Hours/week
    0

  • Eric Fuerstenburg

    Director

    Total calculated
    $0
    Hours/week
    0

  • Phil Powell

    Director

    Total calculated
    $0
    Hours/week
    0

  • Patrick Reed

    Director

    Total calculated
    $0
    Hours/week
    0

  • Ken Niederberger

    Director

    Total calculated
    $0
    Hours/week
    0

  • Jeff Ehrmentraut

    Director

    Total calculated
    $0
    Hours/week
    0

  • Todd Perry

    Director

    Total calculated
    $0
    Hours/week
    0

  • Dan Grosso

    Director

    Total calculated
    $0
    Hours/week
    0

  • Gene Warta

    Director

    Total calculated
    $0
    Hours/week
    0

  • Hershel Davis

    Director

    Total calculated
    $0
    Hours/week
    0

  • Drew Sande

    President

    Total calculated
    $0
    Hours/week
    0

  • Harold Underdown

    Vice President

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202402089349300940

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