Skip to content
Nonprofiteer
← USPS ENDOWMENT FUND INC

Form 990 for tax year 2023

Filed by USPS ENDOWMENT FUND INC.

Totals

Total revenue
$100,084
Total expenses
$231,893
Contributions and grants received
$45,432
Grants paid
$105,757
Program service revenue
$0
Investment income
$54,652
Other revenue
$0
Total assets, end of year
$2,293,065
Total liabilities, end of year
$2,576
Net assets or fund balances, end of year
$2,290,489
Program services expenses (Part IX)
$231,893
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$231,893

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $45,432

  • 3 · Investment income

    total $54,652 · excluded $54,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $105,757 · program services $105,757

  • 11c · Fees: accounting

    total $13,475 · program services $13,475

  • 11g · Fees: other

    total $100,000 · program services $100,000

  • 14 · Information technology

    total $1,377 · program services $1,377

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $11,000 · program services $11,000

  • 24b · Other expenses: BANK FEES

    total $284 · program services $284

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,122 · end of year $80,554

  • 11 · Investments: publicly traded securities

    beginning of year $1,986,957 · end of year $2,207,222

  • 15 · Other assets

    beginning of year $4,880 · end of year $5,289

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,199 · end of year $2,576

  • 27 · Net assets without donor restrictions

    beginning of year $401,130 · end of year $511,427

  • 28 · Net assets with donor restrictions

    beginning of year $1,733,630 · end of year $1,779,062

Mission and programs · 2023

Mission

THE UNITED STATES POWER SQUADRONS ENDOWMENT FUND IS ORGANIZED UNDER SECTION 509(A)(3) AND 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 EXCULSIVELY FOR THE SUPPORT OF THE UNITED STATES POWER SQUADRONS, INC. A NORTH CAROLINA CORPORATION ORGANIZED UNDER SECTION 501(C)(3) OF THE CODE.

  • THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING FINANCIAL SUPPORT FOR THE UNITED STATES POWER SQUADRONS, INC. ("USPS"), AND ACTIVITIES IN FURTHERANCE OF THE PURPOSES OF USPS, NAMELY, THE PROMOTION AND IMPROVEMENT OF RECREATIONAL BOATING SAFETY AND EDUCATION. THE CORPORATION WILL SOLICIT, HOLD, AND INVEST FUNDS FOR THE BENEFIT OF USPS TO BE DISBURSED FOR THE GENERAL NEEDS AND SPECIFIC PROJECTS OF USPS.

    Expenses $231,893 · Grants $105,757

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Baldridge

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Ruth Witztum

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Shirley Heald

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Allen Lakin

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • John Malatak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Mary Paige Abbott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Dianne Marshburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Thomas Dougherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Maureen Healey

    EXECUTIVE ADMINISTRATOR

    Total calculated
    $84,083
    From this org
    $0
    From related orgs
    $84,083
    Other
    $0
    Hours/week
    10 + 40 related

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • USPS - EC HOLDINGS INC

    C · HOLDING ACTIVITY · OH · 100% owned · controlled entity

    Directly controlled by UNITED STATES POWER SQUADRONS NATIONAL HEADQUARTERS

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2025
IRS schema version
2023v6.0
Source object
202522889349301612

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.