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← UNITED STATES SAILING FOUNDATON

Form 990 for tax year 2023

Filed by UNITED STATES SAILING FOUNDATON.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,440,618 changed to $1,425,011
Total expenses
$1,979,292 changed to $5,592,182
Grants paid
$0 changed to $4,066,213
Investment income
$30,677 changed to $22,894
Other revenue
$8,497 changed to $673
Total assets, end of year
$13,424,840 changed to $13,637,643
Total liabilities, end of year
$6,404,061 changed to $10,229,754
Net assets or fund balances, end of year
$7,020,779 changed to $3,407,889
Program services expenses
$52,414 changed to $4,098,607
Management and general expenses
$1,384,557 changed to $1,289,767
Fundraising expenses
$542,321 changed to $203,808
Program service expenses (Part III)
$52,414 changed to $4,098,607

Listed only on the earlier return

  • ANDREW CLOUSTON
  • ERIC KRASNOO
  • SALLY BARKOW

Listed only on the later return

  • WILLIAM RUH

Listed under a different title

  • JOHN LOVELL: TREASURER/DIRECTOR then TREASURER/DIRECTOR (TO 3/2023)

Totals

Total revenue
$1,425,011
Total expenses
$5,592,182
Contributions and grants received
$1,401,444
Grants paid
$4,066,213
Program service revenue
$0
Investment income
$22,894
Other revenue
$673
Total assets, end of year
$13,637,643
Total liabilities, end of year
$10,229,754
Net assets or fund balances, end of year
$3,407,889
Program services expenses (Part IX)
$4,098,607
Management and general expenses
$1,289,767
Fundraising expenses
$203,808
Program service expenses (Part III)
$4,098,607

Program services were 73.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRIAN KEANE

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • JOHN LOVELL

    TREASURER/DIRECTOR (TO 3/2023)

    Total calculated
    $0
    Hours/week
    1

  • GLENN DARDEN

    SECRETARY/DIRECTOR (TO 4/23)

    Total calculated
    $0
    Hours/week
    1

  • TOM WHIDDEN

    DIRECTOR (TO 5/23)

    Total calculated
    $0
    Hours/week
    1

  • LINDA LINDQUIST

    DIRECTOR (TO 5/23)

    Total calculated
    $0
    Hours/week
    1

  • CORY SERTL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD JEPSEN

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM RUH

    PRESIDENT/DIRECTOR (TO 02/2023)

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • ALAN OSTFIELD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $554,693
    From this org
    $0
    From related orgs
    $501,966
    Other
    $52,727
    Hours/week
    3 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,951 related
    Bonus
    $0 + $122,015 related
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $22,727 related
    Filer's total
    $0 + $554,693 related

  • HEATHER MONOSON

    CHIEF FINANCE OFFICER

    Total calculated
    $222,337
    From this org
    $0
    From related orgs
    $212,795
    Other
    $9,542
    Hours/week
    3 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,795 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $9,486 related
    Nontaxable benefits
    $0 + $56 related
    Filer's total
    $0 + $222,337 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

  • 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

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
7 March 2025
IRS schema version
2023v6.0
Source object
202510679349300711

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