Civic Intelligence

USPS Endowment Fund Inc.

990 • Fiscal year 2020 • EIN 82-2846674

Dec 01, 2019 to Nov 30, 2020 • Filed on Mar 19, 2021

1504 Blue Ridge RoadRaleigh, NC 27607

(888) 367-8777

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

0.09x

Higher debt load relative to revenue than 42% of similar nonprofits.

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

Net Margin

8th percentile

-44%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

74th percentile

$111,954

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 95.0% of source-year revenue.

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

Asset Growth

44th percentile

3.8%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

73rd percentile

17%

Faster revenue growth than 73% of similar nonprofits.

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

Assets

Up

$2,214,352

Up $80,199 (+3.8%) from 2019

Net Assets

Up

$2,203,656

Up $170,744 (+8.4%) from 2019

Liabilities

Down

$10,696

Down $90,545 (-89%) from 2019

Revenue

Up

$117,794

Up $17,413 (+17%) from 2019

Expenses

Up

$169,321

Up $15,024 (+9.7%) from 2019

Net Income

Up

-$51,527

Up $2,389 (+4.4%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $1,944,963Liabilities 2018: $4,329Net Assets 2018: $1,940,6342018Assets 2019: $2,134,153Liabilities 2019: $101,241Net Assets 2019: $2,032,9122019Assets 2020: $2,214,352Liabilities 2020: $10,696Net Assets 2020: $2,203,6562020Assets 2021: $2,437,141Liabilities 2021: $23,469Net Assets 2021: $2,413,6722021Assets 2022: $2,182,424Liabilities 2022: $939Net Assets 2022: $2,181,4852022Assets 2023: $2,135,959Liabilities 2023: $1,199Net Assets 2023: $2,134,7602023Assets 2024: $2,293,065Liabilities 2024: $2,576Net Assets 2024: $2,290,4892024

Highlighted filing

2020

Assets$2,214,352
Liabilities$10,696
Net Assets$2,203,656

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2018: $132,710Expenses 2018: $71,633Net Income 2018: $61,0772018Revenue 2019: $100,381Expenses 2019: $154,297Net Income 2019: -$53,9162019Revenue 2020: $117,794Expenses 2020: $169,321Net Income 2020: -$51,5272020Revenue 2021: $116,649Expenses 2021: $112,323Net Income 2021: $4,3262021Revenue 2022: $183,119Expenses 2022: $114,313Net Income 2022: $68,8062022Revenue 2023: $165,700Expenses 2023: $184,860Net Income 2023: -$19,1602023Revenue 2024: $100,084Expenses 2024: $231,893Net Income 2024: -$131,8092024

Highlighted filing

2020

Revenue$117,794
Expenses$169,321
Net Income-$51,527
Jump To
Filing Snapshot
Filing Period
Dec 1, 2019 to Nov 30, 2020
Signed
Mar 19, 2021
Return Version
2019v5.2
Gross Receipts
$903,720
Mission and Program Overview

Mission

See schedule o:the united states power squadrons endowment fund is organized under sections 509(a)(3) and 501(c)(3) of the internal revenue code of 1986 (or the corresponding provision of any future united states internal revenue law) (the "code") exclusively for the support of the united states power squadrons, inc., a north carolina corporation organized under section 501(c)(3) of the code.

The united states power squadrons endowment fund is organized under sections 509(a)(3) and 501(c)(3) of the internal revenue code of 1986 (or the corresponding provision of any future united states internal revenue law) (the "code") exclusively for the support of the united states power squadrons, inc., a north carolina corporation organized under section 501(c)(3) of the code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,942,320$2,127,624▲ $185,304
Cash and Non-Interest-Bearing Accounts$184,358$84,593▼ $99,765
Total Assets$2,134,153$2,214,352▲ $80,199
Other Assets Total$7,475$2,135▼ $5,340
Liabilities
Accounts Payable and Accrued Expenses$101,241$10,696▼ $90,545
Total Liabilities$101,241$10,696▼ $90,545
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,575,779$1,591,773▲ $15,994
Net Assets Without Donor Restrictions$457,133$611,883▲ $154,750
Total Net Assets Fund Balance$2,032,912$2,203,656▲ $170,744
Total Liabilities and Net Assets / Fund Balance$2,134,153$2,214,352▲ $80,199

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,134,152$15,994▲ $211,324$147,118$2,214,352
2019$1,943,300$19,888▲ $221,155$50,191$2,134,152
2018$1,956,397$17,202▲ $21,970$52,269$1,943,300
2017-$1,876,294▲ $160,103$80,000$1,956,397
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Mary Catherine BerubeExecutive AdministratorPT$111,954$111,954

Board Members and Trustees

NameTitle
John MalatakChairman
Ruth WitztumVice-chairman
Frank DvorakTrustee
Gary CheneyTrustee
Hector ColonTrustee
Thomas DoughertyTrustee
Warren StevensTrustee
Harry HebbSecretary
Diana JacksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$104,678
Program Service Revenue
$0
Investment Income
$13,116
Other Revenue
$0
All Other Contributions
$104,678
Change in Net Assets
$-51,527

Audited Revenue Reconciliation

Revenue per Audited Statements
$-113,379
Revenue Not Reported on Financial Statements
$231,173
Revenue Not Reported on Form 990
$2,326,229
Other Revenue Adjustments
$220,703
Total Revenue per Audited Statements
$2,212,850
Total Revenue per Form 990
$117,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,489
Total Fundraising Expense$24,219
Grants and Similar Amounts Paid$22,832
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,832--$22,832
Fees for Services Accounting--$17,482$17,482
Fees for Services Management-$10,470-$10,470
Interest-$5,340-$5,340
Advertising--$1,000$1,000
Information Technology--$391$391
Other Expenses-$106,460$62$62
Total Functional Expenses$22,832$122,270$24,219$169,321

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$2,237,272
Total Expenses per Audited Statements$2,175,420
Expenses Not Reported on Financial Statements$231,173
Other Expense Adjustments$220,703
Total Expenses per Form 990$169,321
Expenses per Audited Statements$-61,852
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Power Squadrons National HeadquartersRaleigh, NC501 (c) (3)To Support Usps Funds.$22,832
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
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The trustees adopted a motion to amend endowment fund bylaws, article vii, by deleting the penultimate sentence of section 7, general fund, and deleting prior section 8, and renumbering prior section 9 to section 8. The effect of these changes is to provide that a contribution to the endowment fund after the date of the amendments will be treated as unrestricted funds unless the donor specifies that the contribution is to be restricted.

Form 990, Part VI, Section A, Line 7A

Members of the usps governing board annually elect the trustees.

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

The trustees receive an electronic copy of the form 990 prior to submitting it to the irs.

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

The organization's trustees review, sign, and return the annual conflict of interest letters to the usps national headquarters.

Form 990, Part VI, Section C, Line 19

The governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
United States Power Squadrons Endowment
EIN
82-2846674
Phone
8883678777
Address
1504 BLUE RIDGE ROAD, RALEIGH, NC 27607

Signing Officer

Name
Mary Catherine Berube
Title
Executive Director
Phone
8883678777
Signed
2021-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Catherine Berube
Formed
2017
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
21,116

Preparer

Firm
Williams Overman Pierce Llp
Address
2501 ATRIUM DRIVE SUITE 500, RALEIGH, NC 27607
Preparer
Maryellen Prance CPA
Phone
9197823444
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The corporation is organized exclusively for the purpose of providing financial support for the united states power squadrons, inc. (usps), and activities in furtherance of the purposes of usps, namely, the promotion and improvement of recreational boating safety and education. The corporation will solicit, hold, and invest funds for the benefit of usps to be disbursed for the general needs and specific projects of usps.

PART X, LINE 2:

The organizations evaluate all significant tax positions as required by gaap. As of november 30, 2020, the organizations do not believe that they have taken any positions that would require the recording of any additional tax liability, nor do they believe that there are any unrealized tax benefits that would either increase or decrease within the next year.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue of usps national headquarters, inc. 2,103,957.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Elimination of income and expense from usps national headquarters, inc. 215,363. Accrued interest attributed to expenses 5,340.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses attributed to usps national headquarters, inc. 2,237,272.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Elimination of income and expense from usps national headquarters, inc. 215,363. Accrued interest 5,340.

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IRS990/PYGrantsAndSimilarPaidAmt0132100
IRS990/PYInvestmentIncomeAmt080493
IRS990/PYOtherExpensesAmt022197
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-53916
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0154297
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0100381
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-51527
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE USPS ENDOWMENT FUND (THE "FUND"), THE SUPPORTING ORGANIZATION, AND UNITED STATES POWER SQUADRONS ("USPS"), THE SUPPORTED ORGANIZATION, DO NOT SHARE A MAJORITY OF DIRECTORS IN COMMON. HOWEVER, THE USPS GOVERNING BOARD ELECTS THE DIRECTORS OF BOTH USPS AND THE FUND. THUS, ULTIMATE CONTROL AND MANAGEMENT OF BOTH ORGANIZATIONS IS VESTED IN THE USPS GOVERNING BOARD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION C, LINE 1
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0221487365
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0129292
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNITED STATES POWER SQUADRONS NATIONAL HEADQUARTERS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0129292
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.28120
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02134152
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt015994
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02214352
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0211324
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0147118
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01943300
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt019888
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02134152
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0221155
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt050191
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01956397
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt017202
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01943300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021970
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt052269
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01876294
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01956397
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0160103
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt080000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt02237272
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0231173
IRS990ScheduleD/ExpensesSubtotalAmt0-61852
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt010470
IRS990ScheduleD/InvestmentExpensesNotIncldAmt010470
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0222272
IRS990ScheduleD/OtherExpensesIncludedAmt02237272
IRS990ScheduleD/OtherExpensesNotIncludedAmt0220703
IRS990ScheduleD/OtherRevenueAmt02103957
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0220703
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.71880
IRS990ScheduleD/RevenueNotReportedAmt02326229
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0231173
IRS990ScheduleD/RevenueSubtotalAmt0-113379
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING FINANCIAL SUPPORT FOR THE UNITED STATES POWER SQUADRONS, INC. (USPS), AND ACTIVITIES IN FURTHERANCE OF THE PURPOSES OF USPS, NAMELY, THE PROMOTION AND IMPROVEMENT OF RECREATIONAL BOATING SAFETY AND EDUCATION. THE CORPORATION WILL SOLICIT, HOLD, AND INVEST FUNDS FOR THE BENEFIT OF USPS TO BE DISBURSED FOR THE GENERAL NEEDS AND SPECIFIC PROJECTS OF USPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS EVALUATE ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GAAP. AS OF NOVEMBER 30, 2020, THE ORGANIZATIONS DO NOT BELIEVE THAT THEY HAVE TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY, NOR DO THEY BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2REVENUE OF USPS NATIONAL HEADQUARTERS, INC. 2,103,957.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ELIMINATION OF INCOME AND EXPENSE FROM USPS NATIONAL HEADQUARTERS, INC. 215,363. ACCRUED INTEREST ATTRIBUTED TO EXPENSES 5,340.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4EXPENSES ATTRIBUTED TO USPS NATIONAL HEADQUARTERS, INC. 2,237,272.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5ELIMINATION OF INCOME AND EXPENSE FROM USPS NATIONAL HEADQUARTERS, INC. 215,363. ACCRUED INTEREST 5,340.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0169321
IRS990ScheduleD/TotalRevenuePerForm990Amt0117794
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02212850
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02175420
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt022832
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT USPS FUNDS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNITED STATES POWER SQUADRONS NATIONAL HEADQUARTERS
IRS990ScheduleI/RecipientTable/RecipientEIN0221487365
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01504 BLUE RIDGE RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027607
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEES ADOPTED A MOTION TO AMEND ENDOWMENT FUND BYLAWS, ARTICLE VII, BY DELETING THE PENULTIMATE SENTENCE OF SECTION 7, GENERAL FUND, AND DELETING PRIOR SECTION 8, AND RENUMBERING PRIOR SECTION 9 TO SECTION 8. THE EFFECT OF THESE CHANGES IS TO PROVIDE THAT A CONTRIBUTION TO THE ENDOWMENT FUND AFTER THE DATE OF THE AMENDMENTS WILL BE TREATED AS UNRESTRICTED FUNDS UNLESS THE DONOR SPECIFIES THAT THE CONTRIBUTION IS TO BE RESTRICTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE USPS GOVERNING BOARD ANNUALLY ELECT THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEES RECEIVE AN ELECTRONIC COPY OF THE FORM 990 PRIOR TO SUBMITTING IT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S TRUSTEES REVIEW, SIGN, AND RETURN THE ANNUAL CONFLICT OF INTEREST LETTERS TO THE USPS NATIONAL HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0UNITED STATES POWER SQUADRONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221487365
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BOATING EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01504 BLUE RIDGE RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027607
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0129292
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt186071
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0UNITED STATES POWER SQUADRONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1UNITED STATES POWER SQUADRONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

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