Totals
- Total revenue
- $7,538,820
- Total expenses
- $12,272,899
- Contributions and grants received
- $0
- Grants paid
- $11,801,980
- Program service revenue
- $0
- Investment income
- $7,538,820
- Other revenue
- $0
- Total assets, end of year
- $155,426,087
- Total liabilities, end of year
- $66,965
- Net assets or fund balances, end of year
- $155,359,122
- Program services expenses (Part IX)
- $11,801,980
- Management and general expenses
- $470,919
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,801,980
Program services were 96.2% 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.
-
3 · Investment income
total $4,280,896 · excluded $4,280,896
-
7a · Gross sales of assets other than inventory
securities $177,753,085
-
7b · Less cost or other basis and sales expenses
securities $174,495,161
-
7c · Gain or loss
securities $3,257,924
-
7d · Net gain or loss
total $3,257,924 · excluded $3,257,924
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,801,980 · program services $11,801,980
-
11b · Fees: legal
total $7,464 · management and general $7,464
-
11c · Fees: accounting
total $27,210 · management and general $27,210
-
11f · Fees: investment management
total $435,742 · management and general $435,742
-
13 · Office expenses
total $503 · management and general $503
Balance sheet
Part X, book values.
-
4 · Accounts receivable
beginning of year $278,750 · end of year $360,306
-
11 · Investments: publicly traded securities
beginning of year $140,519,503 · end of year $149,687,209
-
12 · Investments: other securities
beginning of year $3,843,257 · end of year $5,378,572
-
17 · Accounts payable and accrued expenses
beginning of year $46,768 · end of year $66,965
-
27 · Net assets without donor restrictions
beginning of year $81,557,697 · end of year $83,850,780
-
28 · Net assets with donor restrictions
beginning of year $63,037,045 · end of year $71,508,342
Mission and programs · 2023
Mission
THE MISSION OF THE USO FOUNDATION (FOUNDATION) IS TO SUPPORT USO INC.'S (USO) MISSION TO STRENGTHEN THE WELL-BEING OF THE PEOPLE SERVING IN AMERICA'S MILITARY AND THEIR FAMILIES.
Activities or mission (Part I)
SUPPORT OF USO, INC.'S MISSION TO STRENGTHEN THE WELL-BEING OF THE PEOPLE (CONTINUED IN SCHEDULE O) SERVING IN AMERICA'S MILITARY AND THEIR FAMILIES.
-
THE FOUNDATION SUPPORTS THE ACTIVITIES OF USO TO MEET THE SOCIAL WELFARE, EDUCATION, AND ENTERTAINMENT NEEDS OF THE MEN AND WOMEN IN THE ARMED FORCES OF THE UNITED STATES OF AMERICA WITHIN AND WITHOUT THE TERRITORIAL LIMITS OF THE UNITED STATES OF AMERICA, TO ENHANCE THE QUALITY OF LIFE OF THE UNITED STATES ARMED FORCES' PERSONNEL AND THEIR FAMILIES WORLDWIDE, AND TO CREATE A COOPERATIVE RELATIONSHIP BETWEEN U.S. MILITARY COMMUNITIES AND INVOLVED OR SUPPORTING CIVILIAN ORGANIZATIONS. THE FOUNDATION ALSO SUPPORTS USO STRATEGIC INITIATIVES FOCUSED ON INCREASING BRAND AWARENESS, RELEVANCY AND VALUE OF MISSION AND DIGITAL TRANSFORMATIONS TO ADVANCE MISSION DELIVERY AND FUNDRAISING EFFORTS, MODERNIZE OPERATIONS, AND TO INFORM DECISION-MAKING.
Expenses $11,801,980 · Grants $11,801,980
As filed on the 2023 return.
Listed in Part VII
-
Jed BeckerJED BECKER
PRESIDENT & CHAIRMAN (END 12/23)
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Amanda KoehlerAMANDA KOEHLER
DIRECTOR (END 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
Andrew MagliochettiANDREW MAGLIOCHETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris ClarkeCHRIS CLARKE
DIRECTOR (END 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
Courtney L BillingtonCOURTNEY L BILLINGTON
DIRECTOR (BEG 01/23)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Robert MartinezROBERT MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas WesselsTHOMAS WESSELS
DIRECTOR (END 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
William J Lynn IIIWILLIAM J LYNN III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristine ShumackKRISTINE SHUMACK
TREASURER; USO, INC. CFO
- Total calculated
- $379,176
- From this org
- $0
- From related orgs
- $318,802
- Other
- $60,374
- Hours/week
- 2 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $316,177 related
- Bonus
- $0
- Other
- $0 + $2,625 related
- Deferred
- $0 + $25,804 related
- Nontaxable benefits
- $0 + $34,570 related
- Filer's total
- $0 + $379,176 related
-
Warren CarstenWARREN CARSTEN
SEC; USO, INC. VP FIN SYS
- Total calculated
- $213,967
- From this org
- $0
- From related orgs
- $183,294
- Other
- $30,673
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $181,650 related
- Bonus
- $0
- Other
- $0 + $1,644 related
- Deferred
- $0 + $16,757 related
- Nontaxable benefits
- $0 + $13,916 related
- Filer's total
- $0 + $213,967 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- METHODS USED BY RELATED ORGANIZATION TO ESTABLISH COMPENSATION THE COMPENSATION OF THE USO'S CHIEF FINANCIAL OFFICER LISTED ON FORM 990, PART VII AND SCHEDULE J IS ESTABLISHED BY THE USO BOARD OF GOVERNORS AFTER AN INDEPENDENT, OUTSIDE REVIEW OF INDUSTRY SURVEYS, COMPENSATION STUDIES AND OTHER DATA. THIS PROCESS ENSURES THAT EXECUTIVE COMPENSATION IS WITHIN THE RANGE OF THAT PAID TO COMPARABLE EXECUTIVES OF COMPARABLE ORGANIZATIONS FOR COMPARABLE SERVICES AND IS THEREFORE REASONABLE. REVIEWS ARE PERFORMED ON A BIANNUAL BASIS BY AN INDEPENDENT OUTSIDE CONSULTANT. THE LAST REVIEW WAS PERFORMED IN 2022 AND COMPENSATION WAS FOUND TO BE WITHIN THE RANGE FOR COMPARABLE EXECUTIVES AT COMPARABLE ORGANIZATIONS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
UNITED SERVICE ORGANIZATIONS INC
$11,801,980
GENERAL SUPPORT
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.
-
UNITED SERVICE ORGANIZATIONS INC
501(C)(3) · SUPPORT AMERICA'S MILITARY SERVICE MEMBERS · DC
-
USO DEUTSCHLAND EV
N/A · SUPPORT USO · GM
Directly controlled by USO INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432479349301803
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