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Nonprofiteer
← COAST GUARD FOUNDATION INC

Form 990 for tax year 2024

Filed by COAST GUARD FOUNDATION INC.

Totals

Total revenue
$12,486,703
Total expenses
$12,481,569
Contributions and grants received
$11,571,927
Grants paid
$5,283,821
Program service revenue
$0
Investment income
$1,356,884
Other revenue
-$442,108
Total assets, end of year
$25,557,893
Total liabilities, end of year
$3,971,615
Net assets or fund balances, end of year
$21,586,278
Program services expenses (Part IX)
$8,109,091
Management and general expenses
$1,227,808
Fundraising expenses
$3,144,670
Program service expenses (Part III)
$8,109,091

Program services were 65.0% 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.

  • 1a · Federated campaigns

    $742

  • 1c · Fundraising events

    $2,693,563

  • 1f · All other contributions, gifts and grants

    $8,877,622

  • 1g · Noncash contributions included above

    $342,698

  • 3 · Investment income

    total $1,137,754 · excluded $1,137,754

  • 7a · Gross sales of assets other than inventory

    securities $7,378,062

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

    securities $7,158,932

  • 7c · Gain or loss

    securities $219,130

  • 7d · Net gain or loss

    total $219,130 · excluded $219,130

  • 8a · Fundraising events: gross income

    $749,084

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

    $2,693,563

  • 8b · Fundraising events: direct expenses

    $1,268,820

  • 8c · Net income from fundraising events

    total -$519,736 · excluded -$519,736

  • 11a · Other revenue: TRUSTEE DUES

    total $76,400 · related or exempt $76,400

  • 11b · Other revenue: MISCELLANEOUS

    total $1,228 · related or exempt $1,228

  • 11e · Other revenue, total

    $77,628

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,165,383 · program services $4,165,383

  • 2 · Grants to domestic individuals

    total $1,118,438 · program services $1,118,438

  • 5 · Compensation of officers, directors and key employees

    total $758,618 · program services $437,548 · management and general $154,495 · fundraising $166,575

  • 7 · Other salaries and wages

    total $2,169,002 · program services $980,261 · management and general $415,024 · fundraising $773,717

  • 8 · Pension plan contributions

    total $100,646 · program services $48,336 · management and general $18,947 · fundraising $33,363

  • 9 · Other employee benefits

    total $243,758 · program services $111,883 · management and general $53,466 · fundraising $78,409

  • 10 · Payroll taxes

    total $198,722 · program services $94,530 · management and general $38,484 · fundraising $65,708

  • 11b · Fees: legal

    total $32,878 · management and general $32,878

  • 11c · Fees: accounting

    total $60,959 · management and general $60,959

  • 11e · Fees: professional fundraising services

    total $719,375 · fundraising $719,375

  • 11f · Fees: investment management

    total $40,000 · management and general $40,000

  • 11g · Fees: other

    total $421,782 · program services $236,742 · management and general $71,121 · fundraising $113,919

  • 12 · Advertising and promotion

    total $284,851 · program services $164,214 · fundraising $120,637

  • 14 · Information technology

    total $178,091 · program services $54,059 · management and general $42,384 · fundraising $81,648

  • 16 · Occupancy

    total $160,983 · program services $94,763 · management and general $43,156 · fundraising $23,064

  • 19 · Conferences, conventions and meetings

    total $306,745 · program services $59,173 · management and general $65,539 · fundraising $182,033

  • 22 · Depreciation, depletion and amortization

    total $60,248 · program services $33,001 · management and general $9,288 · fundraising $17,959

  • 24a · Other expenses: DIRECT MAIL SOLICITATIO

    total $892,549 · program services $409,795 · management and general $76,277 · fundraising $406,477

  • 24b · Other expenses: MISCELLANEOUS

    total $477,839 · program services $100,965 · management and general $105,790 · fundraising $271,084

  • 24c · Other expenses: DONOR CULTIVATION

    total $90,702 · fundraising $90,702

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $792,844 · end of year $2,300,377

  • 2 · Savings and temporary cash investments

    beginning of year $963,034 · end of year $1,937,065

  • 3 · Pledges and grants receivable

    beginning of year $2,264,746 · end of year $2,147,430

  • 4 · Accounts receivable

    beginning of year $4,692 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $28,735 · end of year $405,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $456,499 · end of year $521,049

  • 10a · Land, buildings and equipment: cost or other basis

    $1,324,925

  • 10b · Land, buildings and equipment: accumulated depreciation

    $882,623

  • 10c · Land, buildings and equipment, net

    beginning of year $491,622 · end of year $442,302

  • 11 · Investments: publicly traded securities

    beginning of year $17,851,540 · end of year $17,083,496

  • 12 · Investments: other securities

    beginning of year $494,232 · end of year $721,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $637,346 · end of year $418,495

  • 19 · Deferred revenue

    beginning of year $383,924 · end of year $1,736,544

  • 25 · Other liabilities

    beginning of year $2,059,241 · end of year $1,816,576

  • 27 · Net assets without donor restrictions

    beginning of year $2,962,448 · end of year $3,013,163

  • 28 · Net assets with donor restrictions

    beginning of year $17,304,985 · end of year $18,573,115

Mission and programs · 2024

Mission

THE COAST GUARD FOUNDATION: - SUPPORTS COAST GUARD MEMBERS THROUGH EDUCATION, MORALE, WELLNESS, AND RECOGNITION PROGRAMS THAT HONOR THEIR SERVICE TO AMERICA. - EMPOWERS COAST GUARD SPOUSES WITH GRANTS TO HELP THEM ACHIEVE COLLEGE DEGREES OR PROFESSIONAL CERTIFICATIONS, GIVING THEM PERSONAL FULFILLMENT AND BOOSTING THE FAMILY'S FINANCIAL STABILITY. - INVESTS IN COAST GUARD CHILDREN THROUGH SCHOLARSHIPS THAT MAKE THE DREAM OF COLLEGE AND TECHNICAL SCHOOL A REALITY, AND COMPREHENSIVE EDUCATION SUPPORT FOR THOSE WHO HAVE LOST A COAST GUARD PARENT IN THE LINE OF DUTY DURING AN OPERATIONAL MISHAP. - ASSISTS COAST GUARD FAMILIES THROUGH TRAGEDY ASSISTANCE WHEN A COAST GUARD MEMBER IS INJURED OR DIES IN THE LINE OF DUTY OR WHEN A FAMILY MEMBER DIES, AND EMERGENCY RELIEF WHEN THEY SUFFER A SIGNIFICANT LOSS DURING A DISASTER.

Activities or mission (Part I)

THE COAST GUARD FOUNDATION SUPPORTS COAST GUARD MEMBERS AND THEIR FAMILIES.

  • EDUCATION IS ESSENTIAL TO A STRONG FUTURE FOR THE COAST GUARD COMMUNITY, BUT THE RISING COSTS OF SCHOOL AND OTHER BARRIERS MAKE IT INACCESSIBLE TO MANY. WE HELP MAKE HIGHER EDUCATION POSSIBLE THROUGH VARIOUS INITIATIVES INCLUDING SCHOLARSHIPS FOR CHILDREN OF ACTIVE DUTY, RETIRED, OR ACTIVE RESERVE MEMBERS; 100% COVERAGE OF HIGHER EDUCATION FOR CHILDREN OF COAST GUARD MEMBERS WHO DIE IN OPERATIONAL, LINE OF DUTY SERVICE; AND, PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR COAST GUARD MEMBERS AND THEIR SPOUSES. WE ALSO PROVIDE SUPPORT GRANTS TO THE COAST GUARD ACADEMY, A TOP-TIER EDUCATIONAL INSTITUTION TRAINING THE FUTURE LEADERS OF THE COAST GUARD.

    Expenses $2,065,862 · Grants $1,547,459

  • MORALE AND WELL-BEING OF COAST GUARD MEMBERS IS CRUCIAL - NOT ONLY SO THEY REMAIN ALWAYS READY FOR THEIR ASSIGNMENTS, BUT SO THEY CAN MAINTAIN THEIR OWN PHYSICAL AND MENTAL WELL-BEING WHILE AT SEA OR STATIONED IN REMOTE AREAS. WE PROVIDE MORALE AND WELL-BEING SUPPORT THROUGH VARIOUS INITIATIVES INCLUDING: PROVIDING EXERCISE, SPORTS, AND OUTDOOR RECREATION EQUIPMENT AT COAST GUARD STATIONS AND ON BOARD CUTTERS; FUNDING RECREATION SPACES IN COAST GUARD COMMUNITIES; OFFERING MORALE SUPPORT THROUGH PARTNERSHIP WITH COAST GUARD LEADERSHIP; AND, PROVIDING TRAINING PROGRAMS FOR COAST GUARD CHAPLAINS FOR FAMILY COUNSELING AND SUICIDE PREVENTION.

    Expenses $2,513,870 · Grants $1,930,564

  • WHEN COAST GUARD FAMILIES FACES DIFFICULT TIMES, THE COAST GUARD FOUNDATION PROVIDES THE SUPPORT THEY NEED TO RECOVER. WHEN NATURAL DISASTERS STRIKE, THE FOUNDATION OFFERS COAST GUARD MEMBERS IMMEDIATE EMERGENCY RELIEF GRANTS THROUGH OUR DISASTER RELIEF AND RESPONSE PROGRAM TO HELP THEM REBUILD. WHEN COAST GUARD FAMILIES OR UNITS FACE THE INJURY OR LOSS OF AN ACTIVE DUTY MEMBER, OR THE DEATH OF A FAMILY MEMBER, WE ARE THERE WITH IMMEDIATE FINANCIAL AND MORALE SUPPORT.

    Expenses $2,051,792 · Grants $1,805,798

  • PUBLIC AWARENESS:THE COAST GUARD FOUNDATION SERVES AS A GOODWILL AMBASSADOR FOR THE SERVICE BY MAKING THE PUBLIC AWARE OF THE BENEFITS OF A STRONG COAST GUARD. WE CELEBRATE COAST GUARD MEMBERS THROUGH OUR TRIBUTE EVENTS, GOLF TOURNAMENTS, AND OUR RUN TO REMEMBER, A WORLDWIDE MOVEMENT WHERE THOUSANDS OF INDIVIDUALS PARTICIPATE IN ROAD RACES, MEMORIAL WALKS, AND OTHER TYPES OF FITNESS EVENTS.

    Expenses $1,477,567

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SUSAN LUDWIG

    PRESIDENT

    Total calculated
    $379,305
    From this org
    $350,265
    From related orgs
    $0
    Other
    $29,040
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $300,265
    Bonus
    $50,000
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $17,040
    Filer's total
    $379,305

  • THOMAS A ALLEGRETTI

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    20

  • R CHRISTIAN JOHNSEN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    15

  • CHERYL D FELDER

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • DUNCAN C SMITH III

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • ALEXANDRA ANAGNOSTIS-IRONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SALLY BRICE-O'HARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • FREDERICK BRODSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ABBOTT BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • NICKI M CANDIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CHARLEY DIAZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JEANNE GRASSO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DAVID W GRZEBINISKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • WILLIAM JENKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • LEO PAUL KOULOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • H MERRITT LANE III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ROBERT W MONTGOMERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JAMES P MULDOON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ERIC NAGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JULIE NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • THOMAS NILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JAMES A O'HARE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JOSEPH B PHAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • LORETTA RIETSEMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JUDITH A ROOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • RICHARD M SYMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ROGER WACKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • THOMAS WETHERALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MARGARET C WINTERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JERIMIAH ANA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES S ANDRASICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • VIC ANGOCO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM ANONSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHARLES BOWEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH P BUSS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN CAMERON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER CHANDOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SCOTT COOPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NARESH COPELAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT CUTHBERTSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY DIXON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LAVELLE EDMONDSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JONATHON FISCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PARKER HARRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WM DAVID HOUGHTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • AMR HUSSEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE JOWETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEORGE KAMPSTRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CORRINE X KOSAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • VERA LANNEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRISTIAN LEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JIM LINKOUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL LODGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MACDONALD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LINDSAY MALEN-HABIB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BETH MASON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES M MATHIEU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRIAN B MCALLISTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN E MUECKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES C OLSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RAY ONEGLIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN PARROTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KYRA PHILLIPS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS K RICHEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • AUGUSTINE RIETSEMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • J TIMOTHY RIKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL J RODEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LUIS ROMERO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LARRY RYDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY SCHOLZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN SEAMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PHILIP J SHAPIRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL SMALLWOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN SPANER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CLARK TODD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TIM VAN OPPEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • AMY VANDERHADEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID VARDEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JESSE WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GRACIELLA YOKANA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRAD SISLEY

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $225,448
    From this org
    $194,846
    From related orgs
    $0
    Other
    $30,602
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $194,846
    Bonus
    $0
    Other
    $0
    Deferred
    $8,136
    Nontaxable benefits
    $22,466
    Filer's total
    $225,448

  • RON LABREC

    CHIEF MARKETING OFFICER

    Total calculated
    $201,092
    From this org
    $191,042
    From related orgs
    $0
    Other
    $10,050
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $191,042
    Bonus
    $0
    Other
    $0
    Deferred
    $7,568
    Nontaxable benefits
    $2,482
    Filer's total
    $201,092

  • LINDA NAUGLE

    REGIONAL DIR OF PHILANTHRO

    Total calculated
    $194,066
    From this org
    $176,033
    From related orgs
    $0
    Other
    $18,033
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $176,033
    Bonus
    $0
    Other
    $0
    Deferred
    $7,297
    Nontaxable benefits
    $10,736
    Filer's total
    $194,066

  • BRIAN OVERCAST

    REGIONAL DIR OF PHILANTHRO

    Total calculated
    $195,992
    From this org
    $171,446
    From related orgs
    $0
    Other
    $24,546
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $171,446
    Bonus
    $0
    Other
    $0
    Deferred
    $7,346
    Nontaxable benefits
    $17,200
    Filer's total
    $195,992

  • MARC CREGAN

    REGIONAL DIR OF PHILANTHRO

    Total calculated
    $173,123
    From this org
    $165,969
    From related orgs
    $0
    Other
    $7,154
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $165,969
    Bonus
    $0
    Other
    $0
    Deferred
    $6,554
    Nontaxable benefits
    $600
    Filer's total
    $173,123

  • JESSICA CLARY

    REGIONAL DIR OF PHILANTHRO

    Total calculated
    $164,908
    From this org
    $147,966
    From related orgs
    $0
    Other
    $16,942
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,966
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $10,942
    Filer's total
    $164,908

  • CRYSTAL SABOL

    REGIONAL DIR OF PHILANTHRO

    Total calculated
    $149,647
    From this org
    $133,563
    From related orgs
    $0
    Other
    $16,084
    Hours/week
    45

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
22 July 2025
IRS schema version
2024v5.2
Source object
202512109349300426

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