2022-11-11T14:37:14-06:00 2021-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2021-01-01 222667411 UNITED STATES SAILING FOUNDATION UNIT 4014629550 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 HEATHER MONOSON CFO 4014029550 2022-11-09 1 HEATHER MONOSON 888008888 SANDY ROSS P01399337 4012742001 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z HEATHER MONOSON 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 8321267 0 X WWW.USSAILING.ORG X 1985 RI TO DIRECTLY SUPPORT A RELATED NON-PROFIT ORGANIZATION, THE UNITED STATES SAILING ASSOCIATION, INC. 11 11 0 15 0 0 522605 8297129 0 0 63809 24138 0 0 586414 8321267 976623 2359535 0 0 0 505766 0 0 520968 346904 169554 1323527 3034855 -737113 5286412 2170181 9558313 314480 2332708 1855701 7225605 THE US SAILING FOUNDATION WILL SECURE THE FINANCIAL INVESTMENT REQUIRED FOR THE US SAILING ASSOCIATION TO DEVELOP INNOVATIVE SOLUTIONS AND REVITALIZE OUR SPORT FOR THE FUTURE. 0 0 2373608 2359535 TO PROVIDE SUPPORT FOR PROGRAMS DEVELOPED BY ITS RELATED ORGANIZATION, THE UNITED STATES SAILING ASSOCIATION, INC. 2373608 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 RI X X X HEATHER MONOSON 4013427900 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 ALAN OSTFIELD CHIEF EXECUTIVE OFFICER 1.00 37.50 X X 0 166242 23442 BRUCE J BURTON TRUSTEE 1.00 X 0 0 0 JOHN LOVELL TREASURER 1.00 X X 0 0 0 THOMAS SIEBEL MEMBER AT LARGE 1.00 X 0 0 0 JAMES M SCHOONMAKER TRUSTEE 1.00 X 0 0 0 STEVE MEHEEN TRUSTEE 1.00 X 0 0 0 BRIAN KEANE VICE CHAIRMAN 1.00 X X 0 0 0 CORY SERTL MEMBER AT LARGE 1.00 X 0 0 0 LINDA LINDQUIST MEMBER AT LARGE 1.00 X 0 0 0 GLENN DARDEN SECRETARY 1.00 X X 0 0 0 WILLIAM RUH PRESIDENT 5.00 5.00 X X 0 0 0 TOM WHIDDEN MEMBER AT LARGE 1.00 X 0 0 0 HEATHER MONOSON CFO 3.00 37.50 X 0 161539 18739 0 327781 42181 0 0 1 0 0 8297129 845710 8297129 22655 22655 1483 0 1483 1483 1483 8321267 0 0 24138 2327022 2327022 32513 32513 414230 54417 359813 32675 13035 19640 30052 3857 26195 28809 5127 23682 1201 1201 4115 1580 2535 51334 500 25848 24986 2041 1742 299 58289 13573 12965 31751 24429 3844 20585 5127 5127 11233 3215 8018 3989 525 3464 126 126 7061 7061 BAD DEBT 609 609 3034855 2373608 140279 520968 747512 1236010 1085417 381095 5559137 569000 1041574 1093987 0 14762 2170181 9558313 1602 2325208 7500 312878 314480 2332708 X 341550 -286357 1514151 7511962 1855701 7225605 2170181 9558313 5286412 8492 75000 0 X 0 1 X 1 0 X X 1 UNITED STATES SAILING ASSOCIATION 131671529 10 0 2325208 0 1 2325208 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 201974 79118 6105 287197 182650 19324 201974 169370 13280 182650 146410 27726 -3066 1700 169370 146410 146410 0.78530 0.21470 0 0 0 CERTIFICATES OF DEPOSIT 1093987 C 1093987 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE IRC. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE ORGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART X, LINE 2 THE FOUNDATION IS A PUBLIC CHARITY EXEMPT FROM FEDERAL INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE FOUNDATION ANNUALLY FILES IRS FORM 990, REPORTING VARIOUS INFORMATION THAT THE IRS AND STATE TAXING AUTHORITIES USE TO MONITOR THE ACTIVITIES OF TAX EXEMPT ENTITIES. 0 UNITED STATES SAILING ASSOCIATION 131671529 2325208 0 SUPPORT TO THE UNITED STATES SAILING ASSOCIATION FOR GENERAL PURPOSES 1 CHAMPIONSHIP AND COMPETITIONS 20 32513 0 0 0 0 0 0 0 0 0 ALAN OSTFIELD CHIEF EXECUTIVE OFFICER 0 166242 0 0 0 0 0 0 0 23442 0 189684 0 0 HEATHER MONOSON CFO 0 161539 0 0 0 0 0 0 0 18739 0 180278 0 0 X 5 845710 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO COMMITTEES THAT HAVE AUTHORIZATION TO MAKE DECISIONS WITHOUT THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS REVIEWED BY ALL OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. AFTER THE REVIEW IS COMPLETE, THE DIRECTORS VOTE TO ACCEPT THE FORM 990 PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. UNITED STATES ASSOCIATION 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 131671529 TO ENCOURAGE PARTICIPATION IN THE SPORT OF SAILING THROUGH VONLUNTEERS NY 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 UNITED STATES SAILING ASSOCIATION B 2325208 COST UNITED STATES SAILING ASSOCIATION M 569000 COST