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Nonprofiteer
← UNITED STATES DIVING FOUNDATION INC

Form 990 for tax year 2025

Filed by UNITED STATES DIVING FOUNDATION INC.

Totals

Total revenue
$494,158
Total expenses
$901,982
Contributions and grants received
$765
Grants paid
$825,000
Program service revenue
$0
Investment income
$493,393
Other revenue
$0
Total assets, end of year
$4,031,222
Total liabilities, end of year
$96,978
Net assets or fund balances, end of year
$3,934,244
Program services expenses (Part IX)
$825,000
Management and general expenses
$76,982
Fundraising expenses
$0
Program service expenses (Part III)
$825,000

Program services were 91.5% 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.

  • 1f · All other contributions, gifts and grants

    $765

  • 3 · Investment income

    total $105,111 · excluded $105,111

  • 7a · Gross sales of assets other than inventory

    securities $1,597,696

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

    securities $1,209,414

  • 7c · Gain or loss

    securities $388,282

  • 7d · Net gain or loss

    total $388,282 · excluded $388,282

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $820,000 · program services $820,000

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 11c · Fees: accounting

    total $16,382 · management and general $16,382

  • 11f · Fees: investment management

    total $53,195 · management and general $53,195

  • 13 · Office expenses

    total $1,997 · management and general $1,997

  • 23 · Insurance

    total $2,824 · management and general $2,824

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,584 · management and general $2,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,259 · end of year $11,717

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,118 · end of year $2,118

  • 11 · Investments: publicly traded securities

    beginning of year $4,441,354 · end of year $4,017,387

  • 17 · Accounts payable and accrued expenses

    end of year $1,478

  • 18 · Grants payable

    beginning of year $50,000 · end of year $95,500

  • 27 · Net assets without donor restrictions

    beginning of year $3,789,269 · end of year $3,321,782

  • 28 · Net assets with donor restrictions

    beginning of year $617,462 · end of year $612,462

Mission and programs · 2025

Mission

TO WORK HAND-IN-HAND WITH USA DIVING TO MOBILIZE PHILANTHROPIC RESOURCES THAT SUPPORT HIGH PERFORMANCE, JUNIOR DEVELOPMENT, COACHING, FACILITIES AND COMMUNITY GROWTH, WHILE ALSO BUILDING AN ENDOWMENT THAT SECURES THE FUTURE OF THE SPORT.

Activities or mission (Part I)

TO CARRY OUT THE EDUCATIONAL FUNCTIONS OF THE FOUNDATION'S SINGLE MEMBER, USA DIVING, INC.

  • INTERNATIONAL COMPETITIVE PROGRAMS

    Expenses $326,982 · Grants $325,000

  • BLOCK GRANT IS USED TO SUPPLEMENT THE OPERATING BUDGET OF USA DIVING, INC. THE GRANTS WAS USED FOR PAYROLL AND BENEFITS AND ALSO THE FOR USA DIVING STAFF IN SUPPORTING ROLES FOR THE GENERAL MEMBERSHIP.INCLUDING COMMUNICATIONS AND TRAVEL ARRANGEMENTS FOR ELITE DIVERS, AND COACHES.

    Expenses $251,524 · Grants $250,000

  • USA DIVING HIGH DIVE GRANTUSA DIVING HIGH PERFORMANCE DIRECTOR, REQUESTED $60,000 TO COVER USA DIVING TRAINING CAMP, AND EXPENSES INCURRED FOR THE ATHLETES TO ATTEND THE QUALIFYING EVENT. APPROXIMATELY $20,000 FOR THE TRAINING CAMP AND QUALIFYING EVENT. RAY RUDE GIFT COMMITTEE FUNDED $20,000.

    Expenses $125,762 · Grants $125,000

  • MEDICAL SUPPORT AND NEUTRAL OFFICAL SUPPORT

    Expenses $120,732 · Grants $120,000

  • FOR STUDY AND AWARDS:THE CONTRIBUTION WAS MADE TO COACHES AS PART OF THE BENJAMIN AWARD AND TO SUPPORT A STATISTICAL STUDY ON THE SAFETY OF DIVING.

    Grants $5,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CASEY LYNCH

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CAMILA KNOWLES

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MARCELA GROVER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRYCE KLEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • THEODORE J SMITH III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KRISTIN ROBERTS THRU 123125

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GINAIA KELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2025
Filed
4 August 2026
IRS schema version
2025v4.2
Source object
202622189349301017

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