Skip to content
Nonprofiteer
← UNITED STATES DIVING FOUNDATION INC

Form 990 for tax year 2023

Filed by UNITED STATES DIVING FOUNDATION INC.

Totals

Total revenue
$166,622
Total expenses
$273,577
Contributions and grants received
$28,097
Grants paid
$185,000
Program service revenue
$0
Investment income
$138,525
Other revenue
$0
Total assets, end of year
$4,189,652
Total liabilities, end of year
$1,270
Net assets or fund balances, end of year
$4,188,382
Program services expenses (Part IX)
$190,400
Management and general expenses
$83,177
Fundraising expenses
$0
Program service expenses (Part III)
$190,400

Program services were 69.6% 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

    $28,097

  • 3 · Investment income

    total $108,555 · excluded $108,555

  • 7a · Gross sales of assets other than inventory

    securities $785,798

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

    securities $755,828

  • 7c · Gain or loss

    securities $29,970

  • 7d · Net gain or loss

    total $29,970 · excluded $29,970

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $170,000 · program services $170,000

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $17,400 · program services $5,400 · management and general $12,000

  • 11b · Fees: legal

    total $10,546 · management and general $10,546

  • 11f · Fees: investment management

    total $49,336 · management and general $49,336

  • 11g · Fees: other

    total $6,750 · management and general $6,750

  • 13 · Office expenses

    total $553 · management and general $553

  • 17 · Travel

    total $1,170 · management and general $1,170

  • 23 · Insurance

    total $2,822 · management and general $2,822

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,954 · end of year $24,587

  • 3 · Pledges and grants receivable

    beginning of year $5,500 · end of year $18,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,117 · end of year $2,117

  • 11 · Investments: publicly traded securities

    beginning of year $3,779,838 · end of year $4,144,948

  • 18 · Grants payable

    beginning of year $50,000 · end of year $1,270

  • 27 · Net assets without donor restrictions

    beginning of year $3,171,947 · end of year $2,128,752

  • 28 · Net assets with donor restrictions

    beginning of year $637,462 · end of year $2,059,630

Mission and programs · 2023

Mission

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

  • 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 $154,374 · Grants $150,000

  • GLORIA THOMPSON SCHOLARSHIP MASTERS PROGRAM DIVER, A GRADUATE STUDENT AT THE UNIVERISTY OF AIRZONA WAS AWARDED TWO $7,500 SCHOLARSHIPS ONE FOR FALL TUITION AND FOR SPRING TUITION

    Expenses $15,443 · Grants $15,000

  • 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. THE RAY RUDE GIFT COMMITTEE (RRGC) AGREED TO FUND THE EXPENSES FOR THE USA DIVING TRAINING CAMP AND THE TBA QUALIFYING EVENT FOR 2023 FINA WORLD CHAMPIONSHIPS HOSTED IN FUKUOKA, JAPAN WILL INCLUDE HIGH DIVE EVENT. SUBJECT TO PLACEMENTS AT THE QUALIFYING EVENT USA DIVING WILL SEND SIX HIGH DIVING ATHLETES, ONE COACH AND ONE MEDICAL STAFF MEMBER. EVENT. THE FUNDS WILL COVER AIRFARE, ACCOMMODATIONS, BOOKING FEES AND MEDICAL INSURANCE FOR TEN TEAM MEMBERS AT THE QUALIFYING EVENT.

    Expenses $20,583 · Grants $20,000

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

Listed in Part VII

  • Jared Book

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Micki King

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • William Walker

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Steve Voellmecke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Gompf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Steve McFarland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jim Stillson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Cynthia Potter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Todd Smith

    PRESIDENT

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Michael Whitlock

    ASSISTANT TREASURER

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349302031

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.