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Nonprofiteer
← U S P S EDUCATIONAL FUND

Form 990 for tax year 2023

Filed by U S P S EDUCATIONAL FUND.

Totals

Total revenue
$422,463
Total expenses
$321,634
Contributions and grants received
$50,104
Grants paid
$290,430
Program service revenue
$0
Investment income
$372,359
Other revenue
$0
Total assets, end of year
$5,685,193
Total liabilities, end of year
$108,290
Net assets or fund balances, end of year
$5,576,903
Program services expenses (Part IX)
$290,928
Management and general expenses
$30,706
Fundraising expenses
$0
Program service expenses (Part III)
$290,928

Program services were 90.5% 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.

  • 1e · Government grants (contributions)

    $50,104

  • 3 · Investment income

    total $152,303 · related or exempt $152,303

  • 7a · Gross sales of assets other than inventory

    securities $990,885

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

    securities $770,829

  • 7c · Gain or loss

    securities $220,056

  • 7d · Net gain or loss

    total $220,056 · related or exempt $220,056

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $290,430 · program services $290,430

  • 11c · Fees: accounting

    total $4,700 · management and general $4,700

  • 11f · Fees: investment management

    total $25,428 · management and general $25,428

  • 13 · Office expenses

    total $268 · management and general $268

  • 18 · Travel or entertainment for public officials

    total $310 · management and general $310

  • 24a · Other expenses: BANK FEES

    total $498 · program services $498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,864 · end of year $34,927

  • 4 · Accounts receivable

    beginning of year $6,127

  • 11 · Investments: publicly traded securities

    beginning of year $4,946,163 · end of year $5,650,266

  • 18 · Grants payable

    beginning of year $56,326 · end of year $108,290

  • 27 · Net assets without donor restrictions

    beginning of year $2,047,540 · end of year $2,640,615

  • 28 · Net assets with donor restrictions

    beginning of year $2,936,288 · end of year $2,936,288

Mission and programs · 2023

Mission

GRANTS ARE PROVIDED TO SUPPORT PROGRAMS THAT FURTHER BOATING SKILLS AND MARINE SAFETY EDUCATION FOR THE GENERAL PUBLIC AND FOR 17,000 USPS MEMBERS NATIONWIDE.

Activities or mission (Part I)

GRANTS ARE PROVIDED TO SUPPORT PROGRAMS THAT FURTHER BOATING SKILLS AND MARINE SAFETY EDUCATION FOR THE GENERAL PUBLIC AND FOR 32,000 USPS MEMBERS NATIONWIDE

  • THE ORGANIZATION'S ONLY PROGRAM IS ISSUING OF GRANTS TO ELIGIBLE RECIPIENTS WHO FURTHER BOATING SKILLS AND MARINE SAFETY THROUGH EDUCATION. DURING THE YEAR, THE ORGANIZATION GRANTED 290,430 TO RECIPIENTS WHO USED THE FUNDS TO SUPPORT BOATING SKILLS AND MARINE SAFETY THROUGH COMPUTER BASED LEARNING, THE DEVELOPMENT OF WEBSITES, THE EXPANSION OF BOATING SAFETY COURSES, THE EDUCATION OF MARINERS, THE IMPROVEMENT AND PROVIDING OF MATERIALS TO ADVANCE BOATING SAFETY, ETC.

    Expenses $290,928 · Grants $290,430 · Revenue $50,104

As filed on the 2023 return.

Listed in Part VII

  • Mary Paige Abbott

    DIRECTOR

    Total calculated
    $0

  • Jane Brandenstein

    SECRETARY

    Total calculated
    $0

  • Nigel E Hargreaves

    CHAIRMAN

    Total calculated
    $0

  • Norm Pennington

    DIRECTOR

    Total calculated
    $0

  • Barbara Spraggins

    DIRECTOR

    Total calculated
    $0

  • William Lee Popham Sr

    TREASURER/SE

    Total calculated
    $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

Provenance

Return type
form_990
Tax year
2023
Filed
22 February 2025
IRS schema version
2023v6.0
Source object
202510559349300901

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