Civic Intelligence

USPS Educational Fund

990 • Fiscal year 2018 • EIN 22-2083467

Dec 01, 2017 to Nov 30, 2018 • Filed on Oct 15, 2019

Organization ProfileWWW.USPS.ORG/EDFUND
PO Box 30423Raleigh, NC 27622-0423

(253) 927-7474

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.38x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

35th percentile

-2.3%

Faster asset growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

22nd percentile

-9.8%

Faster revenue growth than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$4,103,290

Down $96,575 (-2.3%) from 2017

Net Assets

Up

$3,996,232

Up $173,452 (+4.5%) from 2017

Liabilities

Down

$107,058

Down $270,027 (-72%) from 2017

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin79th percentile

Revenue

Down

$284,260

Down $31,050 (-9.8%) from 2017

Expenses

Up

$221,993

Up $53,435 (+32%) from 2017

Net Income

Down

$62,267

Down $84,485 (-58%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,574,116Liabilities 2011: $0Net Assets 2011: $2,574,1762011Assets 2012: $3,046,789Liabilities 2012: $0Net Assets 2012: $3,046,7892012Assets 2013: $3,422,420Liabilities 2013: $124,097Net Assets 2013: $3,298,3232013Assets 2014: $3,698,086Liabilities 2014: $159,000Net Assets 2014: $3,539,0862014Assets 2015: $3,693,593Liabilities 2015: $5,000Net Assets 2015: $3,688,5932015Assets 2016: $3,815,234Liabilities 2016: $280,850Net Assets 2016: $3,534,3842016Assets 2017: $4,199,865Liabilities 2017: $377,085Net Assets 2017: $3,822,7802017Assets 2018: $4,103,290Liabilities 2018: $107,058Net Assets 2018: $3,996,2322018Assets 2019: $4,599,836Liabilities 2019: $175,503Net Assets 2019: $4,424,3332019Assets 2020: $4,822,945Liabilities 2020: $61,040Net Assets 2020: $4,761,9052020Assets 2021: $5,322,592Liabilities 2021: $132,276Net Assets 2021: $5,190,3162021Assets 2022: $4,792,866Liabilities 2022: $3,920Net Assets 2022: $4,788,9462022Assets 2023: $5,040,154Liabilities 2023: $56,326Net Assets 2023: $4,983,8282023Assets 2024: $5,685,193Liabilities 2024: $108,290Net Assets 2024: $5,576,9032024

Highlighted filing

2018

Assets$4,103,290
Liabilities$107,058
Net Assets$3,996,232
Open 2018 Filing

Operations Trend

Revenue Growth22nd percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $86,899Expenses 2011: $87,721Net Income 2011: -$8222011Revenue 2012: $548,862Expenses 2012: $76,249Net Income 2012: $472,6132012Revenue 2013: $456,522Expenses 2013: $80,891Net Income 2013: $375,6312013Revenue 2014: $355,300Expenses 2014: $93,762Net Income 2014: $261,5382014Revenue 2015: $106,955Expenses 2015: $111,448Net Income 2015: -$4,4932015Revenue 2016: $174,595Expenses 2016: $52,953Net Income 2016: $121,6422016Revenue 2017: $315,310Expenses 2017: $168,558Net Income 2017: $146,7522017Revenue 2018: $284,260Expenses 2018: $221,993Net Income 2018: $62,2672018Revenue 2019: $332,839Expenses 2019: $52,961Net Income 2019: $279,8782019Revenue 2020: $117,817Expenses 2020: $209,541Net Income 2020: -$91,7242020Revenue 2021: $294,099Expenses 2021: $192,256Net Income 2021: $101,8432021Revenue 2022: $338,757Expenses 2022: $70,107Net Income 2022: $268,6502022Revenue 2023: $144,918Expenses 2023: $134,608Net Income 2023: $10,3102023Revenue 2024: $422,463Expenses 2024: $321,634Net Income 2024: $100,8292024

Highlighted filing

2018

Revenue$284,260
Expenses$221,993
Net Income$62,267
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2017 to Nov 30, 2018
Signed
Oct 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,349,540
Mission and Program Overview

Mission

Grants are provided to support programs that further boating skills and marine safety education for the general public and for 32,000 usps members nationwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,035,752$4,075,497▲ $39,745
Cash and Non-Interest-Bearing Accounts$164,113$27,793▼ $136,320
Total Assets$4,199,865$4,103,290▼ $96,575
Liabilities
Grants Payable$377,085$107,058▼ $270,027
Total Liabilities$377,085$107,058▼ $270,027
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,675,246$2,719,712▲ $44,466
Unrestricted Net Assets$1,147,534$1,276,520▲ $128,986
Total Net Assets Fund Balance$3,822,780$3,996,232▲ $173,452
Total Liabilities and Net Assets / Fund Balance$4,199,865$4,103,290▼ $96,575
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Alan WentworthChairman
Joseph MesenburgVice-chairman
David HindersTrustee
G Leslie JohnsonTrustee
Lucille HorowitzSecretary
Susan DarcyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$44,467
Program Service Revenue
$0
Investment Income
$239,793
Other Revenue
$0
All Other Contributions
$44,467
Change in Net Assets
$62,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$204,852
Other Expenses$17,141
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$204,852--$204,852
Fees for Service Investment Mgmnt Fees$16,153$0$0$16,153
Other Expenses$625$0$0$625
Office Expenses$308$0$0$308
Total Functional Expenses$221,993$0$0$221,993
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Power SquadronsRaleigh, NC-Develop Educ & Mkting Materials$147,664
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Usps Educational Fund
EIN
22-2083467
Phone
2539277474
Address
PO BOX 30423, RALEIGH, NC 27622-0423

Signing Officer

Name
Alan F Wentworth
Title
Chairman
Phone
2539277474
Signed
2019-10-15

Organization Details

Principal Officer
Alan F Wentworth
Formed
1974
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Mcmahon & Vigeant Pc
Address
399 MAIN STREET SUITE 2G, DALTON, MA 01226
Preparer
Deborah J Mcmahon
Phone
4136843443
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The form 990 will be reviewed by the chair and the treasurer prior to submission. Copies are distributed to all trustees at the time of submission.”

Pt VI, Line 19

“There were no requests from the general public to see any organizational policies. All policies and appropriate records can be reviewed by contacting the organization at its address in raleigh, nc or by calling 888-367-8777.”

Pt XI

“Line 9 - other changes in net assets - this represents the difference in liabilities - grants payable - $270,028 - funds spent out during the 2017 - 2018 fiscal year or no longer available”

Raw XML Appendix332 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS WERE MADE TO UNITED STATES POWER SQUADRONS AND SUBSIDIARY SQUADRONS IN RESPONSE TO WRITTEN GRANT PROPOSALS THAT WERE REVIEWED BY ALL TRUSTEES OF THE TRUST FOR ACTIVITIES CONSISTENT WITH THE PURPOSE OF THIS TRUST AND WITH THE WRITTEN MISSION STATEMENTS OF THE USPS TO PROMOTE RECREATIONAL BOATING SKILLS AND BOATING SAFETY AND EDUCATION, HANDS-ON TRAINING AND CIVIC ACTIVITIES. GRANT RECIPIENTS PROVIDE QUARTERLY REPORTS OF MONIES SPENT AND FOR WHAT PURPOSE. THEY MEET SEMI-ANNUALLY WITH THE TRUSTEES OF THIS TRUST TO PROVIDE ORAL REPORTS AND TO ANSWER QUESTIONS FROM THE TRUSTEES ABOUT PROGRESS AND ANY PROBLEMS IMPLEMENTING THE STATED OBJECTIVES OF THE GRANT PROPOSAL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY THE CHAIR AND THE TREASURER PRIOR TO SUBMISSION. COPIES ARE DISTRIBUTED TO ALL TRUSTEES AT THE TIME OF SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE WERE NO REQUESTS FROM THE GENERAL PUBLIC TO SEE ANY ORGANIZATIONAL POLICIES. ALL POLICIES AND APPROPRIATE RECORDS CAN BE REVIEWED BY CONTACTING THE ORGANIZATION AT ITS ADDRESS IN RALEIGH, NC OR BY CALLING 888-367-8777.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 9 - OTHER CHANGES IN NET ASSETS - THIS REPRESENTS THE DIFFERENCE IN LIABILITIES - GRANTS PAYABLE - $270,028 - FUNDS SPENT OUT DURING THE 2017 - 2018 FISCAL YEAR OR NO LONGER AVAILABLE
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
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ReturnHeader/BusinessOfficerGrp/PhoneNum02539277474
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0USPS EDUCATIONAL FUND
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ReturnHeader/FilingSecurityInformation/IPTm007:55:23
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0399 MAIN STREET SUITE 2G
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBORAH J MCMAHON
ReturnHeader/ReturnTs02019-10-16T07:55:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-12-01
ReturnHeader/TaxPeriodEndDt02018-11-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,103,290
Liabilities
$107,058
Net assets
$3,996,232
Revenue
$284,260
Expenses
$221,993
Net income
$62,267
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.69$0.11$5.58$0.42$0.32$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.04$0.06$4.98$0.14$0.13$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.79$0.00$4.79$0.34$0.07$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.32$0.13$5.19$0.29$0.19$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$0.06$4.76$0.12$0.21$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$0.18$4.42$0.33$0.05$0.28
2018Detailed filing. Detailed filing data is available for this year.$4.10$0.11$4.00$0.28$0.22$0.06
2017Summary only. Only limited summary data is available for this year.$4.20$0.38$3.82$0.32$0.17$0.15
2016Summary only. Only limited summary data is available for this year.$3.82$0.28$3.53$0.17$0.05$0.12
2015Summary only. Only limited summary data is available for this year.$3.69$0.01$3.69$0.11$0.11$0.00
2014Summary only. Only limited summary data is available for this year.$3.70$0.16$3.54$0.36$0.09$0.26
2013Summary only. Only limited summary data is available for this year.$3.42$0.12$3.30$0.46$0.08$0.38
2012Summary only. Only limited summary data is available for this year.$3.05$0.00$3.05$0.55$0.08$0.47
2011Summary only. Only limited summary data is available for this year.$2.57$0.00$2.57$0.09$0.09$0.00