Uso Of North Carolina Inc
- Assets
- $0.0
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 46
- Location
- Morrisville, NC
- Founding
- 11/1972
- Data as of
- 09/2020
- EIN
- 56-0532315
Organization Overview
Uso Of North Carolina Inc is located in Morrisville, NC. The organization was established in 1972. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2020, Uso Of North Carolina Inc employed 46 individuals. Uso Of North Carolina Inc 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 09/2020, Uso Of North Carolina Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE USO OF NORTH CAROLINA, INC. STRENGTHENS AMERICA'S MILITARY SERVICE MEMBERS BY KEEPING THEM CONNNECTED TO FAMILY, HOME, AND COUNTRY, THROUGHOUT THEIR SERVICE TO THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USO OF NC OFFERS CRITICAL PROGRAMS AND SERVICES TO SERVICE MEMBERS AND THEIR FAMILIES RANGING FROM HEALTH AND WELLNESS, MILITARY TRANSITION, ENTERTAINMENT, FINANCIAL READINESS, COMMUNITY BUILDING, AIRPORT TRAVEL CENTERS, AND COMMUNITY OUTREACH. THE USO OF NC'S PROGRAMS AND SERVICES RESULT IN NEARLY 600,000 SERVICE CONNECTIONS EACH YEAR - SEE SCHEDULE O.
THE USO OF NC OFFERS CRITICAL PROGRAMS AND SERVICES TO SERVICE MEMBERS AND THEIR FAMILIES RANGING FROM HEALTH AND WELLNESS, MILITARY TRANSITION, ENTERTAINMENT, FINANCIAL READINESS, COMMUNITY BUILDING, AIRPORT TRAVEL CENTERS, AND COMMUNITY OUTREACH. THE USO OF NC'S PROGRAMS AND SERVICES RESULT IN NEARLY 600,000 SERVICE CONNECTIONS EACH YEAR - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Whaley President | Officer | 50 | $56,700 |
Alfred Clarkson Director | Trustee | 3.1 | $0 |
David Bryant Secretary | Trustee | 2 | $0 |
Elliott Crutchfield Director | Trustee | 2 | $0 |
Kirk Warner Director | Trustee | 2 | $0 |
Joe Hollow Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $12,401 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,448,947 |
| Noncash contributions included in lines 1a–1f | $607,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,461,348 |
| Total Program Service Revenue | $0 |
| Investment income | $2,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,225 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,092 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,467,361 |
| 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. | $56,700 |
| Compensation of current officers, directors, key employees. | $17,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,221 |
| Pension plan accruals and contributions | $14,218 |
| Other employee benefits | $84,520 |
| Payroll taxes | $99,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,799 |
| Advertising and promotion | $75,305 |
| Office expenses | $18,744 |
| Information technology | $55,205 |
| Royalties | $0 |
| Occupancy | $45,518 |
| Travel | $35,058 |
| 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 | $39,511 |
| Insurance | $27,261 |
| All other expenses | $8,337 |
| Total functional expenses | $2,838,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Uso Of North Carolina Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $20,000 |
Endowment Analysis
| Beg. Balance | $708,484 |
| Earnings | $12,130 |
| Admin Expense | $4,248 |
| Net Contributions | $2,521 |
| Ending Balance | $718,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |
Coast Guard Mutual Assistance Incorporated Arlington, VA | $53,600,951 | $7,292,457 |
Navy League Of The United States National Headquarters Arlington, VA | $72,874,046 | $1,354,328 |
Team Red White & Blue Inc Atlanta, GA | $10,402,897 | $10,336,911 |