United States Power Squadrons
- Assets
- $764.6k
- Revenue
- $41.1k
- Investments
- $744.5k
- Employees
- 0
- Location
- Saint Clair Shores, MI
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 38-6092657
Organization Overview
United States Power Squadrons is located in Saint Clair Shores, MI. The organization was established in 1949. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United States Power Squadrons 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 12/2022, United States Power Squadrons generated $41.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $41.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALL VOLUNTEER ORGANIZATION FOR THE PURPOSE OF EDUCATING ITS MEMBERS AND THE GENERAL PUBLIC IN BOATING SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROSSE POINTE POWER SQUADRON VOLUNTEERS PROVIDE SAFE BOATING INSTRUCTION TO THE GENERAL PUBLIC AND ADVANCED GRADE AND ELECTIVE COURSES TO ITS MEMBERS. THE BOATING COURSE OFFERED TO THE GENERAL PUBLIC COVERS TOPICS SUCH AS: WATERCRAFT OPERATION, BOAT HANDLING, MARINE LAW, GOVERNMENT REGULATIONS, BOATING IN ADVERSE WEATHER AND EMERGENCIES, MARINE RADIO PROTOCOL, BASIC NAVIGATION AND MARINE WEATHER. ADVANCED AND ELECTIVE COURSES COVER: PILOTING, ADVANCED NAVIGATION, ENGINE MAINTENANCE, MARINE ELECTRONICS, WEATHER, SAILING, CRUISE PLANNING AND SQUADRON LEADERSHIP.
NO SECOND PROGRAMS.
NO THIRD PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathon Edie Director | Trustee | 1 | $0 |
Robert Malicki Director | Trustee | 1 | $0 |
Patrick Beard Director | Trustee | 1 | $0 |
Joan C Mccarron Director | Trustee | 1 | $0 |
Natasha Duvall Director | Trustee | 1 | $0 |
Livonia Criner 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 | $7,971 |
| Investment income | $26,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $641 |
| Insurance | $3,000 |
| All other expenses | $0 |
| Total functional expenses | $41,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,470 |
| Net Land, buildings, and equipment | $326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $744,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,631 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $764,631 |
| Total liabilities and net assets/fund balances | $764,631 |