Civic Intelligence

USPS Educational Fund

990 • Fiscal year 2020 • EIN 22-2083467

Dec 01, 2019 to Nov 30, 2020 • Filed on Aug 10, 2021

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.52x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

5th percentile

-78%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

47th percentile

4.9%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-65%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$4,822,945

Up $223,109 (+4.9%) from 2019

Net Assets

Up

$4,761,905

Up $337,572 (+7.6%) from 2019

Liabilities

Down

$61,040

Down $114,463 (-65%) from 2019

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin5th percentile

Revenue

Down

$117,817

Down $215,022 (-65%) from 2019

Expenses

Up

$209,541

Up $156,580 (+296%) from 2019

Net Income

Down

-$91,724

Down $371,602 (-133%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2020

Assets$4,822,945
Liabilities$61,040
Net Assets$4,761,905
Open 2020 Filing

Operations Trend

Revenue Growth4th 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

2020

Revenue$117,817
Expenses$209,541
Net Income-$91,724
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Dec 1, 2019 to Nov 30, 2020
Signed
Aug 10, 2021
Return Version
2019v5.1
Gross Receipts
$1,555,566
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$4,553,354$4,800,128▲ $246,774
Cash and Non-Interest-Bearing Accounts$46,482$22,817▼ $23,665
Total Assets$4,599,836$4,822,945▲ $223,109
Liabilities
Grants Payable$175,503$61,040▼ $114,463
Total Liabilities$175,503$61,040▼ $114,463
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,769,827$2,833,286▲ $63,459
Net Assets Without Donor Restrictions$1,654,506$1,928,619▲ $274,113
Total Net Assets Fund Balance$4,424,333$4,761,905▲ $337,572
Total Liabilities and Net Assets / Fund Balance$4,599,836$4,822,945▲ $223,109
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Alan WentworthChairman
David HindersVice Chairman
Lucille HorowitzDirector
G Leslie JohnsonTrustee
Nigel E HargreavesSecretary
Susan DarcyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,458
Program Service Revenue
$0
Investment Income
$54,359
Other Revenue
$0
All Other Contributions
$63,458
Change in Net Assets
$-91,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$185,416
Other Expenses$24,125
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$185,416--$185,416
Fees for Service Investment Mgmnt Fees$22,404$0$0$22,404
Fees for Services Accounting$890$0$0$890
Other Expenses$50$0$0$50
Office Expenses$24$0$0$24
Total Functional Expenses$209,541$0$0$209,541
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Power SquadronsRaleigh, NC-Develop Educ & Mkting Materials$185,415
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 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
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
Nigel E Hargreaves
Title
Chairman
Phone
2539277474
Signed
2021-08-10

Organization Details

Principal Officer
Nigel E Hargreaves
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 - $114,463 - funds spent out during the 2018 - 2019 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/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt044467
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0155126
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt043179
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0352712
IRS990ScheduleA/TotalSupportAmt01114774
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IRS990ScheduleI/RecipientTable/CashGrantAmt0185415
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEVELOP EDUC & MKTING MATERIALS
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 30423
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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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
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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 - $114,463 - FUNDS SPENT OUT DURING THE 2018 - 2019 FISCAL YEAR OR NO LONGER AVAILABLE AND NEW GRANTS AUTHORIZED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
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IRS990/TotalContributionsAmt063458
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0209541
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0175503
IRS990/TotalLiabilitiesGrp/EOYAmt061040
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04761905
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NIGEL E HARGREAVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02539277474
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0USPS EDUCATIONAL FUND
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ReturnHeader/Filer/PhoneNum02539277474
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCMAHON & VIGEANT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0399 MAIN STREET SUITE 2G
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001226
ReturnHeader/PreparerPersonGrp/PhoneNum04136843443
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBORAH J MCMAHON
ReturnHeader/ReturnTs02021-08-10T05:08:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-12-01
ReturnHeader/TaxPeriodEndDt02020-11-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,822,945
Liabilities
$61,040
Net assets
$4,761,905
Revenue
$117,817
Expenses
$209,541
Net income
-$91,724
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
2020Detailed filing. Detailed filing data is available for this year.$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
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