Civic Intelligence

Coast Guard Foundation Inc.

990 • Fiscal year 2024 • EIN 04-2899862

Jan 01, 2024 to Dec 31, 2024 • Filed on Sep 18, 2025

394 Taugwonk RoadStonington, CT 06378-1807

(860) 535-0786

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.16x

Higher debt load relative to assets than 43% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.32x

Higher debt load relative to revenue than 53% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$379,305

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

63rd percentile

9.5%

Faster asset growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

6.0%

Faster revenue growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,557,893

Up $2,209,949 (+9.5%) from 2023

Net Assets

Up

$21,586,278

Up $1,318,845 (+6.5%) from 2023

Liabilities

Up

$3,971,615

Up $891,104 (+29%) from 2023

Revenue

Up

$12,486,703

Up $706,002 (+6.0%) from 2023

Expenses

Up

$12,481,569

Up $1,669,398 (+15%) from 2023

Net Income

Down

$5,134

Down $963,396 (-99%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $7,554,105Liabilities 2010: $468,589Net Assets 2010: $7,085,5162010Assets 2011: $7,168,110Liabilities 2011: $202,409Net Assets 2011: $6,965,7012011Assets 2012: $7,627,096Liabilities 2012: $875,071Net Assets 2012: $6,752,0252012Assets 2013: $9,529,698Liabilities 2013: $740,106Net Assets 2013: $8,789,5922013Assets 2014: $9,697,814Liabilities 2014: $605,596Net Assets 2014: $9,092,2182014Assets 2015: $9,841,684Liabilities 2015: $377,524Net Assets 2015: $9,464,1602015Assets 2016: $10,261,283Liabilities 2016: $344,209Net Assets 2016: $9,917,0742016Assets 2017: $13,737,949Liabilities 2017: $674,856Net Assets 2017: $13,063,0932017Assets 2018: $13,386,488Liabilities 2018: $458,594Net Assets 2018: $12,927,8942018Assets 2019: $16,769,871Liabilities 2019: $677,325Net Assets 2019: $16,092,5462019Assets 2020: $18,378,114Liabilities 2020: $549,487Net Assets 2020: $17,828,6272020Assets 2021: $21,630,462Liabilities 2021: $848,762Net Assets 2021: $20,781,7002021Assets 2022: $21,004,105Liabilities 2022: $3,140,254Net Assets 2022: $17,863,8512022Assets 2023: $23,347,944Liabilities 2023: $3,080,511Net Assets 2023: $20,267,4332023Assets 2024: $25,557,893Liabilities 2024: $3,971,615Net Assets 2024: $21,586,2782024

Highlighted filing

2024

Assets$25,557,893
Liabilities$3,971,615
Net Assets$21,586,278

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,298,4482010Revenue 2011: $4,692,868Expenses 2011: $4,716,024Net Income 2011: -$23,1562011Revenue 2012: $5,097,954Expenses 2012: $5,778,981Net Income 2012: -$681,0272012Revenue 2013: $7,352,214Expenses 2013: $5,213,904Net Income 2013: $2,138,3102013Revenue 2014: $6,820,202Expenses 2014: $6,485,501Net Income 2014: $334,7012014Revenue 2015: $7,121,776Expenses 2015: $5,965,708Net Income 2015: $1,156,0682015Revenue 2016: $7,397,314Expenses 2016: $7,189,572Net Income 2016: $207,7422016Revenue 2017: $8,795,981Expenses 2017: $6,525,302Net Income 2017: $2,270,6792017Revenue 2018: $7,995,613Expenses 2018: $7,112,868Net Income 2018: $882,7452018Revenue 2019: $9,664,314Expenses 2019: $8,037,954Net Income 2019: $1,626,3602019Revenue 2020: $7,507,553Expenses 2020: $6,612,860Net Income 2020: $894,6932020Revenue 2021: $10,406,014Expenses 2021: $7,663,013Net Income 2021: $2,743,0012021Revenue 2022: $11,479,830Expenses 2022: $11,256,367Net Income 2022: $223,4632022Revenue 2023: $11,780,701Expenses 2023: $10,812,171Net Income 2023: $968,5302023Revenue 2024: $12,486,703Expenses 2024: $12,481,569Net Income 2024: $5,1342024

Highlighted filing

2024

Revenue$12,486,703
Expenses$12,481,569
Net Income$5,134
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 18, 2025
Return Version
2024v5.2
Gross Receipts
$20,914,455
Mission and Program Overview

Mission

In times of triumph and through adversity, coast guard foundation programs:- improve the well-being and morale of the men and women of the coast guard and their families- provide education grants and scholarships for junior members, their spouses, and college-age children- provide critical support during tragic times of injury and loss- support academic, athletic, diversity and leadership development of coast guard academy cadets- provide emergency relief and assistance during times of natural disasters- raise public awareness of the importance of the coast guard's missions; and- honor coast guard heroes.the foundation steps in where federal funds fall short or cannot be spent.

The coast guard foundation supports coast guard members and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,851,540$17,083,496▼ $768,044
Cash and Non-Interest-Bearing Accounts$792,844$2,300,377▲ $1,507,533
Pledges and Grants Receivable$2,264,746$2,147,430▼ $117,316
Savings and Temporary Cash Investments$963,034$1,937,065▲ $974,031
Investments Other Securities$494,232$721,174▲ $226,942
Prepaid Expenses and Deferred Charges$456,499$521,049▲ $64,550
Land, Buildings, and Equipment, Net$491,622$442,302▼ $49,320
Inventories for Sale or Use$28,735$405,000▲ $376,265
Accounts Receivable$4,692$0▼ $4,692
Total Assets$23,347,944$25,557,893▲ $2,209,949
Liabilities
Other Liabilities$2,059,241$1,816,576▼ $242,665
Deferred Revenue$383,924$1,736,544▲ $1,352,620
Accounts Payable and Accrued Expenses$637,346$418,495▼ $218,851
Total Liabilities$3,080,511$3,971,615▲ $891,104
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,304,985$18,573,115▲ $1,268,130
Net Assets Without Donor Restrictions$2,962,448$3,013,163▲ $50,715
Total Net Assets Fund Balance$20,267,433$21,586,278▲ $1,318,845
Total Liabilities and Net Assets / Fund Balance$23,347,944$25,557,893▲ $2,209,949

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$288,435$579,315$867,750
Equipment$47,321$160,608$207,929
Other Land Buildings$36,977$142,700$179,677
Land$69,569-$69,569

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$17,892,230$1,608,330▲ $2,163,805$3,862,864$17,726,891
2023$14,855,954$1,718,831▲ $2,235,766$918,321$17,892,230
2022$16,351,996$835,666▼ $2,321,040$10,668$14,855,954
2021$14,045,528$1,775,203▲ $1,291,398$760,133$16,351,996
2020$12,076,986$1,006,305▲ $1,303,216$340,979$14,045,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan LudwigPresidentFT$300,265$79,040$379,305
Brad SisleyChief Development OfficerFT$194,846$30,602$225,448
Ron LabrecChief Marketing OfficerFT$191,042$10,050$201,092
Brian OvercastRegional Director of PhilanthroFT$171,446$24,546$195,992
Linda NaugleRegional Director of PhilanthroFT$176,033$18,033$194,066
Marc CreganRegional Director of PhilanthroFT$165,969$7,154$173,123
Jessica ClaryRegional Director of PhilanthroFT$147,966$16,942$164,908
Crystal SabolRegional Director of PhilanthroFT$133,563$16,084$149,647

Board Members and Trustees

NameTitle
Thomas a AllegrettiChairman
R Christian JohnsenVice Chairman
Abbott BrownDirector
Alexandra Anagnostis-ironsDirector
Charley DiazDirector
David W GrzebiniskiDirector
Eric NagelDirector
Frederick BrodskyDirector
H Merritt Lane IiiDirector
JAMES A O'HAREDirector
James P MuldoonDirector
Jeanne GrassoDirector
Joseph B PhairDirector
Judith a RoosDirector
Julie NelsonDirector
Leo Paul KoulosDirector
Loretta RietsemaDirector
Margaret C WintersDirector
Nicki M CandiesDirector
Richard M SymonsDirector
Robert W MontgomeryDirector
Roger WackerDirector
SALLY BRICE-O'HARADirector
Thomas NilesDirector
Thomas WetheraldDirector
William JenkinsDirector
Amr HusseinTrustee
Amy VanderhadenTrustee
Augustine RietsemaTrustee
Beth MasonTrustee
Brian B McallisterTrustee
Charles BowenTrustee
Christian LeeTrustee
Christopher ChandorTrustee
Clark ToddTrustee
Corrine X KosarTrustee
Daniel SmallwoodTrustee
David VardemanTrustee
George KampstraTrustee
Graciella YokanaTrustee
J Timothy RikerTrustee
James C OlsonTrustee
James M MathieuTrustee
James S AndrasickTrustee
Jeffrey DixonTrustee
Jeffrey ScholzTrustee
Jerimiah AnaTrustee
Jesse WilsonTrustee
Jim LinkousTrustee
John CameronTrustee
John ParrottTrustee
John SeamanTrustee
Jonathan SpanerTrustee
Jonathon FischerTrustee
Joseph P Buss JrTrustee
Kyra PhillipsTrustee
Larry RyderTrustee
Lavelle EdmondsonTrustee
Lindsay Malen-habibTrustee
Luis RomeroTrustee
Michael LodgeTrustee
Michael MacdonaldTrustee
Naresh CopelandTrustee
Parker HarrisonTrustee
Paul J RodenTrustee
Philip J ShapiroTrustee
Ray OnegliaTrustee
Robert CuthbertsonTrustee
Scott CooperTrustee
Stephen E MueckeTrustee
Steve JowettTrustee
Thomas K RicheyTrustee
Tim Van OppenTrustee
Vera LannekTrustee
Vic AngocoTrustee
William AnonsenTrustee
Wm David HoughtonTrustee
Duncan C Smith IiiSecretary
Cheryl D FelderTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Emerson Events & MarketingEvent Planner7 BAYHILL ROAD, Leonardo, NJ 07737$302,716
Rkd GroupSolicitations201 SUMMER STREET, Holliston, MA 01746$293,774
Freewill CoPlanned Giving Platform4301 N FAIRFAX DR STE 200, Arlington, VA 22203$123,000
Modat Video ProductionsVideo Production29 WINDERMERE RD, Montclair, NJ 07043$116,810
Revenue and Support

Revenue Composition

Contributions and Grants
$11,571,927
Program Service Revenue
$0
Investment Income
$1,356,884
Other Revenue
$-442,108
All Other Contributions
$8,877,622
Change in Net Assets
$5,134

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table10$182,707Retail Value
Securities Publicly Traded17$159,991Fair Market Value
Total Noncash Contributions27$342,698-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,446,703
Revenue Not Reported on Financial Statements
$40,000
Revenue Not Reported on Form 990
$1,678,159
Total Revenue per Audited Statements
$14,124,862
Total Revenue per Form 990
$12,486,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,283,821
Salaries, Compensation, and Employee Benefits$3,470,746
Total Fundraising Expense$3,144,670
Other Expenses$3,007,627
Professional Fundraising Fees$719,375

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,165,383--$4,165,383
Other Salaries and Wages$980,261$415,024$773,717$2,169,002
Grants to Domestic Individuals$1,118,438--$1,118,438
Current Officers, Directors, Trustees, and Key Employees$437,548$154,495$166,575$758,618
Fees for Services Professional Fundraising--$719,375$719,375
Fees for Services Other$236,742$71,121$113,919$421,782
Conferences and Meetings$59,173$65,539$182,033$306,745
Advertising$164,214-$120,637$284,851
Other Employee Benefits$111,883$53,466$78,409$243,758
Payroll Taxes$94,530$38,484$65,708$198,722
Information Technology$54,059$42,384$81,648$178,091
Occupancy$94,763$43,156$23,064$160,983
Pension Plan Contributions$48,336$18,947$33,363$100,646
Other Expenses$100,965$105,790$90,702$90,702
Fees for Services Accounting-$60,959-$60,959
Depreciation Depletion$33,001$9,288$17,959$60,248
Fees for Service Investment Mgmnt Fees-$40,000-$40,000
Fees for Services Legal-$32,878-$32,878
Total Functional Expenses$497,880$16,900$214,760$729,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,211,016
Total Expenses per Form 990$12,481,569
Expenses per Audited Statements$12,441,569
Expenses Not Reported on Form 990$769,447
Expenses Not Reported on Financial Statements$40,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Coast GuardWashington, DCUnited States CoastTo Improve Morale and District Support$1,812,913
United States Coast GuardWashington, DCUnited States CoastTo Provide Disaster Assistance and Emergency Relief to Coastguardsmen & Women$943,184
US Coast Guard Chief Petty Officers AssociationSpringfield, VA501 (c) (19)To Provide Disaster Assistance and Emergency Relief to Coastguardsmen & Women$460,000
United States Coast GuardWashington, DCUnited States CoastTo Provide Youth Enrichment$395,279
United States Coast GuardWashington, DCUnited States CoastTo Provide Workforce Development$260,913
United States Coast GuardWashington, DCUnited States CoastTo Enhance Educational Opportunities at the Coast Guard Academy$163,176
United States Coast GuardWashington, DCUnited States CoastTo Support Initiatives for Strengthening Mental Resiliency$117,651
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,268,820
Fundraising Gross Income$749,084
Professional Fundraising Fees$719,375

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dc Dinner$790,468$163,800$-13,283$177,083
Texas Dinner$871,018$162,600$-36,782$199,382
Total Events$3,442,647$749,084$1,268,820$-519,736
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Portion of Pledge Payable$1,341,951
Current Portion of Pledge Payable$474,625
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Prior to filing, a copy of the 990 is sent to the audit committee for review. After audit committee approval, and prior to filing, a copy of the 990 is distributed to the governing board.

Form 990, Part VI, Section B, Line 12C

Trustee conflict of interest policy is clearly stated in our by-laws. Each year trustees must disclose whether they are related or non-related parties and if so, to disclose the relationship. They must also disclose any conflicts of interest. Responses are signed by the trustees and filed at the office.

Form 990, Part VI, Section B, Line 15

The compensation of the foundation's president is reviewed and set by the officers of the foundation. They take into consideration independent compensation studies and benchmarking data from similar organizations to ensure that the president's compensation is within the range of that paid to foundation nonprofit executives with comparable responsibilites. Compensation of other key employees is reviewed by the president using a similar method.

Form 990, Part VI, Section C, Line 19

Audited financial statements, tax returns and conflict of interest policy are available on the website. Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Coast Guard Foundation Inc
EIN
04-2899862
Phone
8605350786
Address
394 TAUGWONK ROAD, STONINGTON, CT 06378-1807

Signing Officer

Name
Susan Ludwig
Title
President
Phone
8605350786
Signed
2025-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Ludwig
Formed
1986
Legal Domicile
Ma
Voting Board Members
29
Independent Board Members
28
Employees
24
Volunteers
170

Preparer

Firm
Sansiveri Kimball & Co Llp
Address
50 HOLDEN STREET, PROVIDENCE, RI 02908
Preparer
Linda M Pearson CPA
Phone
4013310500
Supplemental Narrative

Additional Explanations

Form 990 Part IX Statement of Functional Expenses - Line 26 Joint Costs

The return is being amended to include amounts on part ix line 26 that were inadvertently omitted on the original filed return. The corrected information is entered into part ix statement of functional expenses line 26 joint costs, columns a, b, c, & d. Part ix statement of functional expenses line 26, box checked. Part ix statement of functional expenses line 26, column (a) total expenses: $729,540 part ix statement of functional expenses line 26, column (b) program service expenses: $497,880 part ix statement of functional expenses line 26, column (c) management and general expenses: $16,900 part ix statement of functional expenses line 26, column (d) fundraising expenses: $214,760

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Endowment funds were created to support the coast guard academy, various coast guard districts and coast guard families, and foundation programs. Such support comes in many forms including projects to benefit district moral, academic and athletic programs at the academy, as well as programs to support coast guard families, including scholarships.

PART X, LINE 2:

Management does not believe there are any material uncertain tax positions requiring disclosure or recognition. For the year ended december 31, 2024, there were no tax related interest or penalties recorded or included in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct expenses from fundraising - special events 519,736.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct expenses from fundraising - special events 519,736.

Raw XML AppendixShowing 400 of 1,533 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EDUCATION 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS A ALLEGRETTI
IRS990/Form990PartVIISectionAGrp/PersonNm2R CHRISTIAN JOHNSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3CHERYL D FELDER
IRS990/Form990PartVIISectionAGrp/PersonNm4DUNCAN C SMITH III
IRS990/Form990PartVIISectionAGrp/PersonNm5ALEXANDRA ANAGNOSTIS-IRONS
IRS990/Form990PartVIISectionAGrp/PersonNm6SALLY BRICE-O'HARA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$3.97$21.6$12.5$12.5$0.01
2023Detailed filing. Detailed filing data is available for this year.$23.3$3.08$20.3$11.8$10.8$0.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$3.14$17.9$11.5$11.3$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$0.85$20.8$10.4$7.66$2.74
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.55$17.8$7.51$6.61$0.89
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$0.68$16.1$9.66$8.04$1.63
2018Detailed filing. Detailed filing data is available for this year.$13.4$0.46$12.9$8.00$7.11$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$0.67$13.1$8.80$6.53$2.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.34$9.92$7.40$7.19$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.84$0.38$9.46$7.12$5.97$1.16
2014Detailed filing. Detailed filing data is available for this year.$9.70$0.61$9.09$6.82$6.49$0.33
2013Detailed filing. Detailed filing data is available for this year.$9.53$0.74$8.79$7.35$5.21$2.14
2012Summary only. Only limited summary data is available for this year.$7.63$0.88$6.75$5.10$5.78$0.68
2011Summary only. Only limited summary data is available for this year.$7.17$0.20$6.97$4.69$4.72$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.55$0.47$7.09$4.30
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $25M-$50M nonprofits