Civic Intelligence

USPS Educational Fund

990 • Fiscal year 2019 • EIN 22-2083467

Dec 01, 2018 to Nov 30, 2019 • Filed on Sep 14, 2020

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

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.53x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$4,599,836

Up $496,546 (+12%) from 2018

Net Assets

Up

$4,424,333

Up $428,101 (+11%) from 2018

Liabilities

Up

$175,503

Up $68,445 (+64%) from 2018

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin97th percentile

Revenue

Up

$332,839

Up $48,579 (+17%) from 2018

Expenses

Down

$52,961

Down $169,032 (-76%) from 2018

Net Income

Up

$279,878

Up $217,611 (+349%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2019

Assets$4,599,836
Liabilities$175,503
Net Assets$4,424,333
Open 2019 Filing

Operations Trend

Revenue Growth72nd 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

2019

Revenue$332,839
Expenses$52,961
Net Income$279,878
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2018 to Nov 30, 2019
Signed
Sep 14, 2020
Return Version
2018v3.1
Gross Receipts
$1,321,687
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$4,075,497$4,553,354▲ $477,857
Cash and Non-Interest-Bearing Accounts$27,793$46,482▲ $18,689
Total Assets$4,103,290$4,599,836▲ $496,546
Liabilities
Grants Payable$107,058$175,503▲ $68,445
Total Liabilities$107,058$175,503▲ $68,445
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,719,712$2,769,827▲ $50,115
Unrestricted Net Assets$1,276,520$1,654,506▲ $377,986
Total Net Assets Fund Balance$3,996,232$4,424,333▲ $428,101
Total Liabilities and Net Assets / Fund Balance$4,103,290$4,599,836▲ $496,546
Compensation and Service Providers
Top Officer Pay36th 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
$50,115
Program Service Revenue
$0
Investment Income
$282,724
Other Revenue
$0
All Other Contributions
$50,115
Change in Net Assets
$279,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$27,948
Other Expenses$25,013
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$27,948--$27,948
Fees for Service Investment Mgmnt Fees$21,514$0$0$21,514
Other Expenses$2,500$0$0$2,500
Fees for Services Accounting$720$0$0$720
Office Expenses$172$0$0$172
Total Functional Expenses$52,961$0$0$52,961
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Power SquadronsRaleigh, NC-Develop Educ & Mkting Materials$27,948
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
2020-09-14

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 - $68,445 - funds spent out during the 2017 - 2018 fiscal year or no longer available and new grants authorized”

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE USPS EDUCATIONAL FUND IS AN ENDOWMENT-TYPE FUND. ALL PUBLIC CONTRIBUTIONS ARE CONSIDERED RESTRICTED FUNDS AND ONLY THE EARNINGS FROM THOSE FUNDS MAY BE USED FOR THE ONGOING SUPPORT FOR THE ORGANIZATION AND THE GRANTS IT APPROVES AND PAYS. THE EDUCATIONAL FUND WAS ESTABLISHED IN 1974. ALL CONTRIBUTIONS HAVE BEEN INVESTED OVER THE LAST 40 YEARS AND THE FUND HAS GROWN SUBSTANTIALLY, PROVIDING SUBSTANTIAL DIVIDENDS AND INTEREST THAT ARE USED FOR PROGRAMS. THE FUND BALANCE IS ALSO SUBJECT TO LOSSES IN VALUE DURING MARKET DOWNTURNS. THE FUND RECEIVES NO GOVERNMENTAL SUPPORT AND THE PUBLIC CONTRIBUTIONS ARE PRIMARILY FROM THE 32,000 MEMBERS OF THE UNITED STATES POWER SQUADRONS LOCATED ACROSS THE UNITED STATES. MEMBER DONATIONS ARE USUALLY $1.00 PER MEMBER PER YEAR. GIFTS ARE OFTEN MADE AS MEMORIAL DONATIONS FOR A DECEASED SQUADRON MEMBER AND FAMILY GIFTS CAN BE BEQUEATHS FROM MEMBERS' ESTATES.
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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 - $68,445 - FUNDS SPENT OUT DURING THE 2017 - 2018 FISCAL YEAR OR NO LONGER AVAILABLE AND NEW GRANTS AUTHORIZED
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
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ReturnHeader/TaxPeriodBeginDt02018-12-01
ReturnHeader/TaxPeriodEndDt02019-11-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,599,836
Liabilities
$175,503
Net assets
$4,424,333
Revenue
$332,839
Expenses
$52,961
Net income
$279,878
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
2019Detailed filing. Detailed filing data is available for this year.$4.60$0.18$4.42$0.33$0.05$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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