United Service Organizations
- Assets
- $155.4m
- Revenue
- $7.5m
- Investments
- $5.4m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 12/1954
- Data as of
- 12/2023
- EIN
- 20-8861567
Organization Overview
United Service Organizations is located in Arlington, VA. The organization was established in 1954. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United Service Organizations is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, United Service Organizations generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF USO, INC.'S MISSION TO STRENGTHEN THE WELL-BEING OF THE PEOPLE (CONTINUED IN SCHEDULE O) SERVING IN AMERICA'S MILITARY AND THEIR FAMILIES.
Describe the Organization's Program Activity:
THE FOUNDATION SUPPORTS THE ACTIVITIES OF USO TO MEET THE SOCIAL WELFARE, EDUCATION, AND ENTERTAINMENT NEEDS OF THE MEN AND WOMEN IN THE ARMED FORCES OF THE UNITED STATES OF AMERICA WITHIN AND WITHOUT THE TERRITORIAL LIMITS OF THE UNITED STATES OF AMERICA, TO ENHANCE THE QUALITY OF LIFE OF THE UNITED STATES ARMED FORCES' PERSONNEL AND THEIR FAMILIES WORLDWIDE, AND TO CREATE A COOPERATIVE RELATIONSHIP BETWEEN U.S. MILITARY COMMUNITIES AND INVOLVED OR SUPPORTING CIVILIAN ORGANIZATIONS. THE FOUNDATION ALSO SUPPORTS USO STRATEGIC INITIATIVES FOCUSED ON INCREASING BRAND AWARENESS, RELEVANCY AND VALUE OF MISSION AND DIGITAL TRANSFORMATIONS TO ADVANCE MISSION DELIVERY AND FUNDRAISING EFFORTS, MODERNIZE OPERATIONS, AND TO INFORM DECISION-MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Becker President & Chairman (end 12/23) | OfficerTrustee | 2 | $0 |
Amanda Koehler Director (end 12/23) | Trustee | 1 | $0 |
Andrew Magliochetti Director | Trustee | 1 | $0 |
Chris Clarke Director (end 12/23) | Trustee | 1 | $0 |
Courtney L Billington Director (beg 01/23) | Trustee | 1 | $0 |
Robert Martinez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,280,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,257,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,538,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,801,980 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,464 |
| Fees for services: Accounting | $27,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $435,742 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,272,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $360,306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $149,687,209 |
| Investments—other securities | $5,378,572 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,426,087 |
| Accounts payable and accrued expenses | $66,965 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,965 |
| Net assets without donor restrictions | $83,850,780 |
| Net assets with donor restrictions | $71,508,342 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $155,426,087 |