Civic Intelligence

United States Optimist Dinghy

EIN 23-7136341 • 501(c)3 • North Kingstown, RI

Profile

The united states optimist dinghy association (usoda) was formed to introduce and educate children about sailing. The optimist class of sailboats are used for this purpose and are designed specifically for children. The usoda is a nationwide membership organization that sponsors, sanctions and oversees the activities of the association. There are over 400,000 optimists class boats throughout the world.

PO Box 311North Kingstown, RI 02852

www.usoda.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.67x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.95x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

96th percentile

$64,992

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

77th percentile

23%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$460,752

Up $86,725 (+23%) from 2023

Liabilities

Up

$308,848

Up $50,948 (+20%) from 2023

Net Assets

Up

$151,904

Up $35,777 (+31%) from 2023

Revenue

Up

$326,628

Up $52,649 (+19%) from 2023

Expenses

Down

$290,851

Down $9,986 (-3.3%) from 2023

Net Income

Up

$35,777

Up $62,635 (+233%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $371,334Liabilities 2010: $179,008Net Assets 2010: $192,3262010Assets 2011: $311,824Liabilities 2011: $78,037Net Assets 2011: $233,7872011Assets 2012: $546,648Liabilities 2012: $245,314Net Assets 2012: $301,3342012Assets 2013: $606,258Liabilities 2013: $267,345Net Assets 2013: $338,9132013Assets 2014: $594,748Liabilities 2014: $243,734Net Assets 2014: $351,0142014Assets 2015: $617,800Liabilities 2015: $254,776Net Assets 2015: $363,0242015Assets 2016: $613,410Liabilities 2016: $254,484Net Assets 2016: $358,9262016Assets 2017: $484,511Liabilities 2017: $181,008Net Assets 2017: $303,5032017Assets 2018: $528,634Liabilities 2018: $258,394Net Assets 2018: $270,2402018Assets 2019: $441,676Liabilities 2019: $223,824Net Assets 2019: $217,8522019Assets 2020: $158,864Liabilities 2020: $42,150Net Assets 2020: $116,7142020Assets 2021: $497,369Liabilities 2021: $342,446Net Assets 2021: $154,9232021Assets 2022: $461,536Liabilities 2022: $318,551Net Assets 2022: $142,9852022Assets 2023: $374,027Liabilities 2023: $257,900Net Assets 2023: $116,1272023Assets 2024: $460,752Liabilities 2024: $308,848Net Assets 2024: $151,9042024

Highlighted filing

2024

Assets$460,752
Liabilities$308,848
Net Assets$151,904

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2010: $238,4742010Expenses 2011: $214,0542011Expenses 2012: $216,7472012Revenue 2013: $256,056Expenses 2013: $218,477Net Income 2013: $37,5792013Revenue 2014: $285,328Expenses 2014: $273,227Net Income 2014: $12,1012014Revenue 2015: $342,828Expenses 2015: $330,818Net Income 2015: $12,0102015Revenue 2016: $283,006Expenses 2016: $287,104Net Income 2016: -$4,0982016Revenue 2017: $262,258Expenses 2017: $317,681Net Income 2017: -$55,4232017Revenue 2018: $267,109Expenses 2018: $300,372Net Income 2018: -$33,2632018Revenue 2019: $331,929Expenses 2019: $356,996Net Income 2019: -$25,0672019Revenue 2020: $110,207Expenses 2020: $211,345Net Income 2020: -$101,1382020Revenue 2021: $259,803Expenses 2021: $248,916Net Income 2021: $10,8872021Revenue 2022: $224,561Expenses 2022: $236,499Net Income 2022: -$11,9382022Revenue 2023: $273,979Expenses 2023: $300,837Net Income 2023: -$26,8582023Revenue 2024: $326,628Expenses 2024: $290,851Net Income 2024: $35,7772024

Highlighted filing

2024

Revenue$326,628
Expenses$290,851
Net Income$35,777

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.61$3.09$1.52$3.27$2.91$0.36
2023Detailed filing. Detailed filing data is available for this year.$3.74$2.58$1.16$2.74$3.01$0.27
2022Detailed filing. Detailed filing data is available for this year.$4.62$3.19$1.43$2.25$2.36$0.12
2021Detailed filing. Detailed filing data is available for this year.$4.97$3.42$1.55$2.60$2.49$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.42$1.17$1.10$2.11$1.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.42$2.24$2.18$3.32$3.57$0.25
2018Detailed filing. Detailed filing data is available for this year.$5.29$2.58$2.70$2.67$3.00$0.33
2017Detailed filing. Detailed filing data is available for this year.$4.85$1.81$3.04$2.62$3.18$0.55
2016Detailed filing. Detailed filing data is available for this year.$6.13$2.54$3.59$2.83$2.87$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.18$2.55$3.63$3.43$3.31$0.12
2014Detailed filing. Detailed filing data is available for this year.$5.95$2.44$3.51$2.85$2.73$0.12
2013Detailed filing. Detailed filing data is available for this year.$6.06$2.67$3.39$2.56$2.18$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$2.45$3.01$2.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.78$2.34$2.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$1.79$1.92$2.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$326,628
Mission and Program Overview

Mission

The united states optimist dinghy association (usoda) was formed to introduce and educate children about sailing. The optimist class of sailboats are used for this purpose and are designed specifically for children. The usoda is a nationwide membership organization that sponsors, sanctions and oversees the activities of the association. There are over 400,000 optimists class boats throughout the world.

The united states optimist dinghy association (usoda) was formed to introduce and educate children about sailing. The optimist class are used for this purpose and are designed specifically for children. The usoda is a nationwide membership organization that sponsors, sactions and oversees the activities of the association. There are over 400,000 optimists class boats throughout the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,036$257,117▲ $176,081
Savings and Temporary Cash Investments$292,468$203,178▼ $89,290
Accounts Receivable$300$234▼ $66
Pledges and Grants Receivable$223$223→ $0
Total Assets$374,027$460,752▲ $86,725
Liabilities
Other Liabilities$217,633$258,516▲ $40,883
Deferred Revenue$40,267$40,332▲ $65
Accounts Payable and Accrued Expenses-$10,000-
Total Liabilities$257,900$308,848▲ $50,948
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$116,127$151,904▲ $35,777
Total Net Assets Fund Balance$116,127$151,904▲ $35,777
Total Liabilities and Net Assets / Fund Balance$374,027$460,752▲ $86,725
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth DanilekExecutive DiFT$64,992$64,992

Board Members and Trustees

NameTitle
Bill StumpPresident/tr
Andy LovellDirector
CHRIS O'GWENDirector
Erika FlynnDirector
Henry BolzDirector
Hillary OswaldDirector
Jacqueline CrespinDirector
Jay KehoeDirector
Jeremy WenokurDirector
Jihyen CrowleyDirector
Maryellen CundeyDirector
Stacey KeaneDirector
Stephanie Doyle CoxDirector
John BuziakChief Measur
Heather WoodworthSecretary
Sarah ChinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$49,697
Program Service Revenue
$273,305
Investment Income
$2,457
Other Revenue
$1,169
Change in Net Assets
$35,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$69,743$5,249-$74,992
Fees for Services Accounting$45,337$3,413-$48,750
Insurance$12,880$970-$13,850
Other Expenses$12,120$949-$12,120
Office Expenses$5,613$422-$6,035
Information Technology$1,643$124-$1,767
All Other Expenses-$450-$450
Total Functional Expenses$279,274$11,577$0$290,851
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Usoda Teams Payable$166,896
Usoda Events Payable$91,620
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is comprised of members

Form 990, Page 6, Part VI, Line 7A

The members of the organization may elect the members of the governing body.

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body are subject to approval by the organization's members

Form 990, Page 6, Part VI, Line 11B

Financial information reviewed by usoda treasurer and board of directors

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
United States Optimist Dinghy
EIN
23-7136341
Phone
4018234004
Address
PO BOX 311, NORTH KINGSTOWN, RI 02852

Signing Officer

Name
Bill Stump
Title
President/treasurer
Phone
4018234004
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Stump
Formed
1971
Legal Domicile
Ri
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Wadovick & Company
Address
1300 DIVISION RD STE 104, WEST WARWICK, RI 02893
Preparer
Jeffrey D Wadovick CPA
Phone
4018234004
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The united states optimist dinghy association (usoda) was formed to introduce and educate children about sailing. The optimist class are used for this purpose and are designed specifically for children. The usoda is a nationwide membership organization that sponsors, sactions and oversees the activities of the association. There are over 400,000 optimists class boats throughout the world.

Form 990, Page 2, Part III, Line 4D

Usndt direct expenses - expenses to oversee usoda races/regattas including safety and proper regatta management

Raw XML AppendixShowing 400 of 460 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/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/TR
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE UNITED STATES OPTIMIST DINGHY ASSOCIATION (USODA) WAS FORMED TO INTRODUCE AND EDUCATE CHILDREN ABOUT SAILING. THE OPTIMIST CLASS ARE USED FOR THIS PURPOSE AND ARE DESIGNED SPECIFICALLY FOR CHILDREN. THE USODA IS A NATIONWIDE MEMBERSHIP ORGANIZATION THAT SPONSORS, SACTIONS AND OVERSEES THE ACTIVITIES OF THE ASSOCIATION. THERE ARE OVER 400,000 OPTIMISTS CLASS BOATS THROUGHOUT THE WORLD.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0422
IRS990/OfficeExpensesGrp/ProgramServicesAmt05613
IRS990/OfficeExpensesGrp/TotalAmt06035
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1OPTI DEVELOPMENT PROGRAM
IRS990/OtherExpensesGrp/Desc2CREDIT CARD PROCESSING FE
IRS990/OtherExpensesGrp/Desc3DIRECT REGATTAS AND EVENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0949
IRS990/OtherExpensesGrp/ProgramServicesAmt063837
IRS990/OtherExpensesGrp/ProgramServicesAmt155496
IRS990/OtherExpensesGrp/ProgramServicesAmt212605
IRS990/OtherExpensesGrp/ProgramServicesAmt312120
IRS990/OtherExpensesGrp/TotalAmt063837
IRS990/OtherExpensesGrp/TotalAmt155496
IRS990/OtherExpensesGrp/TotalAmt213554
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01169
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01169
IRS990/OtherRevenueTotalAmt01169
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0223
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0223
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BILL STUMP
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc2REGATTA REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/Desc3BOAT REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc4ITF PARTICIPATION FEE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt171975
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265495
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265495
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt411949
IRS990/ProgSrvcAccomActy2Grp/Desc0OPTINEWS DIRECT EXPENSES - OPTINNEWS IS THE AWARD-WINING, OFFICIAL MAGAZINE OF THE UNITED STATES OPTIMIST DINGHY ASSOCIATION (USODA). EACH ISSUE REACHES 3,000 TO 4,000 YOUNG AND ACTIVE SAILORS, THEIR FAMILIES AND YACHT CLUBS IN THE UNITED STATES AND NUMEROUS FOREIGN COUNTRIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt050388
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt067258
IRS990/ProgSrvcAccomActy3Grp/Desc0REGATTAS AND OTHER EVENTS
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt083484
IRS990/ProgSrvcAccomActyOtherGrp/Desc0USNDT DIRECT EXPENSES - EXPENSES TO OVERSEE USODA RACES/REGATTAS INCLUDING SAFETY AND PROPER REGATTA MANAGEMENT
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt063183
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt050588
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt043959
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01774
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IRS990/PYProgramServiceRevenueAmt0227760
IRS990/PYRevenuesLessExpensesAmt0-26858
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IRS990/PYTotalRevenueAmt0273979
IRS990/ReconcilationRevenueExpnssAmt035777
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IRS990/ReportOtherAssetsInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0292468
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0203178
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt049697
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt043959
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt041124
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt026157
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt041594
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0202531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0274474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0228246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0183322
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0232978
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt064027
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0983047
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt01457
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0774
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt02231
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99810
IRS990ScheduleA/PublicSupportPY509Pct00.99910
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0272205
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0105621
IRS990ScheduleA/Total509Grp/TotalAmt01185578
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0272979
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0224446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0259135
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0105621
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01187809
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt191620
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0USODA TEAMS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1USODA EVENTS PAYABLE
IRS990ScheduleD/TotalLiabilityAmt0258516
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE UNITED STATES OPTIMIST DINGHY ASSOCIATION (USODA) WAS FORMED TO INTRODUCE AND EDUCATE CHILDREN ABOUT SAILING. THE OPTIMIST CLASS ARE USED FOR THIS PURPOSE AND ARE DESIGNED SPECIFICALLY FOR CHILDREN. THE USODA IS A NATIONWIDE MEMBERSHIP ORGANIZATION THAT SPONSORS, SACTIONS AND OVERSEES THE ACTIVITIES OF THE ASSOCIATION. THERE ARE OVER 400,000 OPTIMISTS CLASS BOATS THROUGHOUT THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1USNDT DIRECT EXPENSES - EXPENSES TO OVERSEE USODA RACES/REGATTAS INCLUDING SAFETY AND PROPER REGATTA MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS COMPRISED OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE ORGANIZATION MAY ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE ORGANIZATION'S MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL INFORMATION REVIEWED BY USODA TREASURER AND BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279274
IRS990/TotalFunctionalExpensesGrp/TotalAmt0290851
IRS990/TotalGrossUBIAmt00
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