2023-09-05T13:25:03-05:00 2022-12-31 366055558 GRANT THORNTON LLP 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2022-01-01 208861567 USO FOUNDATION USOF 7039086400 2111 WILSON BOULEVARD 1200 ARLINGTON VA 22201 KRISTINE SHUMACK CHIEF FINANCIAL OFFICER 7039086400 2023-09-05 1 KRISTINE SHUMACK 999009999 1 MARY TORRETTA P00847851 7038477500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JED BECKER 2111 WILSON BOULEVARD 1200 ARLINGTON VA 22201 159253405 0 1291 X HTTP://WWW.USO.ORG X 2007 DC SUPPORT USO'S MISSION TO STRENGTHEN AMERICA'S MILITARY SERVICE (CONTINUED IN SCHEDULE O) MEMBERS BY KEEPING THEM CONNECTED TO FAMILY, HOME AND COUNTRY, THROUGHOUT THEIR SERVICE TO THE NATION. 7 7 0 7 0 0 5029073 2730431 0 0 6053989 15825996 0 0 11083062 18556427 0 2945627 0 0 0 0 0 0 0 482870 398902 482870 3344529 10600192 15211898 165850457 144641510 50082 46768 165800375 144594742 THE MISSION OF THE USO FOUNDATION (FOUNDATION) IS TO SUPPORT THE UNITED SERVICE ORGANIZATIONS, INC.'S (USO) MISSION TO STRENGTHEN AMERICA'S MILITARY SERVICE MEMBERS BY KEEPING THEM CONNECTED TO FAMILY, HOME AND COUNTRY, THROUGHOUT THEIR SERVICE TO THE NATION. 0 0 2945627 2945627 0 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. 2945627 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X KRISTINE SHUMACK TREASURER CFO 7039086400 2111 WILSON BLVD SUITE 1200 ARLINGTON VA 22201 X KRISTINE SHUMACK TREASURER; USO, INC. CFO 2.00 48.00 X 0 355065 56259 WARREN CARSTEN SEC; USO, INC. DIR FIN RPT(BEG 7/22) 2.00 40.00 X 0 174620 29182 DEREK HERR SEC; USO, INC. DIR FIN RPT(END 7/22) 2.00 40.00 X 0 87590 28780 JED BECKER PRESIDENT & CHAIRMAN 2.00 1.00 X X 0 0 0 WILLIAM J LYNN III DIRECTOR 1.00 2.00 X 0 0 0 ROBERT MARTINEZ DIRECTOR 1.00 0.00 X 0 0 0 ANDREW MAGLIOCHETTI DIRECTOR 1.00 0.00 X 0 0 0 AMANDA KOEHLER DIRECTOR 1.00 0.00 X 0 0 0 THOMAS WESSELS DIRECTOR 1.00 0.00 X 0 0 0 CHRIS CLARKE DIRECTOR 1.00 0.00 X 0 0 0 0 617275 114221 0 0 1 0 SCOUT INVESTMENTS INC 1201 WALNUT ST KANSAS CITY MO 64106 INVESTMENT MANAGER 102192 1 2720431 10000 2730431 2823275 2823275 153699699 140696978 13002721 13002721 13002721 18556427 0 0 15825996 2945627 2945627 8025 8025 44221 44221 346362 346362 294 294 3344529 2945627 398902 0 203738 278750 163347390 140519503 2299329 3843257 165850457 144641510 50082 46768 50082 46768 X 91707572 81557697 74092803 63037045 165800375 144594742 165850457 144641510 15211898 -36417531 0 X 0 1 X 1 1 1 X X 1 UNITED SERVICE ORGANIZATIONS INC 131610451 7 1 2945627 0 1 2945627 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 165800373 2730431 -20591535 2945627 398900 144594742 146925286 5029073 14328884 482870 165800373 131918952 15508406 502072 146925286 89609147 24037387 18767753 495335 131918952 96458653 -6383074 466432 89609147 0.56000 0.18000 0.26000 0 0 0 X PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE FOUNDATION'S ENDOWMENT FUNDS ARE COMPRISED OF DONOR-RESTRICTED CONTRIBUTIONS, BOARD DESIGNATED FUNDS, AND ACCUMULATIONS OF INVESTMENT EARNINGS TO THE ENDOWMENT. IN FEBRUARY 2022, THE BOARD OF THE FOUNDATION ADOPTED A SPENDING POLICY THAT PROVIDES A LEVEL OF INCOME TO SUPPORT THE MISSION OF THE USO WHILE BALANCING THE LONG-TERM OBJECTIVE OF ENHANCING THE VALUE OF THE ENDOWMENT INTO THE FUTURE. IN NOVEMBER 2022, THE BOARD APPROVED THE APPROPRIATION OF $2,945,627 TO SUPPORT THE MISSION OF THE USO. THIS APPROPRIATION WAS APPLIED PROPORTIONALLY TO THE ACCUMULATED BOARD DESIGNED AND DONOR RESTRICTED EARNINGS AND TRANSFERRED FROM THE ENDOWMENT TO USO. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP) REQUIRES THAT AN INCOME TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. USO AND USO FOUNDATION FOLLOW GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. USO AND USO FOUNDATION HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3075787 0 0 0 0 0 0 3075787 0 3075787 1 0 1 1 0 0 PART III ACCOUNTING METHOD: 1 UNITED SERVICE ORGANIZATIONS INC 2111 WILSON BLVD SUITE 1200 ARLINGTON VA 22201 131610451 501(C)(3) 2945627 0 GENERAL SUPPORT 1 0 PART I, LINE 2: PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. THE FOUNDATION IS ORGANIZED TO SUPPORT THE USO AND FUNDS APPROPRIATED FROM THE FOUNDATION ENDOWMENT TO SUPPORT THE USO ARE APPROVED BY THE FOUNDATION BOARD OF DIRECTORS. A MEMBER OF THE FOUNDATION BOARD PROVIDES OVERSIGHT OF THIS SUPPORT IN THEIR ROLE AS A MEMBER OF THE USO BOARD OF GOVERNORS AND FINANCE COMMITTEE. 0 0 0 0 0 0 0 0 0 KRISTINE SHUMACK TREASURER; USO, INC. CFO 0 302440 0 50000 0 2625 0 23729 0 32530 0 411324 0 0 WARREN CARSTEN SEC; USO, INC. DIR FIN RPT(BEG 7/22) 0 164811 0 8200 0 1609 0 15975 0 13207 0 203802 0 0 PART I, LINE 3 METHODS USED BY RELATED ORGANIZATION TO ESTABLISH COMPENSATION THE COMPENSATION OF THE USO'S CHIEF FINANCIAL OFFICER LISTED ON FORM 990, PART VII AND SCHEDULE J IS ESTABLISHED BY THE USO BOARD OF GOVERNORS AFTER AN INDEPENDENT, OUTSIDE REVIEW OF INDUSTRY SURVEYS, COMPENSATION STUDIES AND OTHER DATA. THIS PROCESS ENSURES THAT EXECUTIVE COMPENSATION IS WITHIN THE RANGE OF THAT PAID TO COMPARABLE EXECUTIVES OF COMPARABLE ORGANIZATIONS FOR COMPARABLE SERVICES AND IS THEREFORE REASONABLE. REVIEWS ARE PERFORMED ON A BIANNUAL BASIS BY AN INDEPENDENT OUTSIDE CONSULTANT. THE LAST REVIEW WAS PERFORMED IN 2022 AND COMPENSATION WAS FOUND TO BE WITHIN THE RANGE FOR COMPARABLE EXECUTIVES AT COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS THE BOARD OF DIRECTORS OF THE FOUNDATION ARE NOMINATED BY THE EXECUTIVE COMMITTEE OF THE USO AND ELECTED BY THE USO'S BOARD OF GOVERNORS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS THE BOARD MEMBERS OF USO ELECT DIRECTORS OF THE BOARD, REMOVE ANY DIRECTOR FROM THE FOUNDATION'S BOARD, REMOVE THE FOUNDATION'S PRESIDENT AND APPROVE THE AMENDMENT OF THE FOUNDATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS FOR REVIEWING FORM 990 AN ELECTRONIC COPY OF THE DRAFT 990 WAS PROVIDED TO ALL BOARD MEMBERS AND OFFICERS PRIOR TO ITS FILING WITH THE IRS. DISCUSSION AND INQUIRIES SURROUNDING THE DRAFT 990 WERE FACILITATED BY THE TREASURER. THE PROCESS WAS CONDUCTED IN JULY 2023. AN OUTSIDE ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY MONITORING AND ENFORCEMENT THE CONFLICT OF INTEREST POLICY IS THE POLICY THAT REQUIRES THE USO'S AND THE FOUNDATION'S DIRECTORS, OFFICERS, AND OTHER EMPLOYEES TO AVOID ANY SITUATION WHICH MAY CONSTITUTE A CONFLICT OF INTEREST, THAT IS, ANY SITUATION WHICH AN INDIVIDUAL USES OR COULD USE HIS OR HER POSITION WITH THE USO OR THE FOUNDATION FOR PERSONAL GAIN TO AN INDIVIDUAL, MEMBERS OF THE INDIVIDUAL'S FAMILY, OR OTHER ORGANIZATIONS WITH WHOM THE INDIVIDUAL IS AFFILIATED, TO THE ACTUAL OR POTENTIAL DETRIMENT OF THE USO OR THE FOUNDATION. THE BOARD HAS ESTABLISHED A POLICY WITH REFERENCE TO CONFLICTS OF INTEREST APPLICABLE TO THE BOARD. DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY USO'S CEO, CFO, AND OUTSIDE COUNSEL. ANY INDIVIDUALS THAT HAVE A CONFLICT OF INTEREST ARE PROHIBITED FROM DELIBERATIONS AND VOTING ON A TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF THE USO'S CHIEF FINANCIAL OFFICER LISTED ON FORM 990, PART VII AND SCHEDULE J IS ESTABLISHED BY THE USO BOARD OF GOVERNORS AFTER AN INDEPENDENT, OUTSIDE REVIEW OF INDUSTRY SURVEYS, COMPENSATION STUDIES AND OTHER DATA. THIS PROCESS ENSURES THAT EXECUTIVE COMPENSATION IS WITHIN THE RANGE OF THAT PAID TO COMPARABLE EXECUTIVES OF COMPARABLE ORGANIZATIONS FOR COMPARABLE SERVICES AND IS THEREFORE REASONABLE. REVIEWS ARE PERFORMED ON A BIANNUAL BASIS BY AN INDEPENDENT OUTSIDE CONSULTANT. THE LAST REVIEW WAS PERFORMED IN 2022 AND COMPENSATION WAS FOUND TO BE WITHIN THE RANGE FOR COMPARABLE EXECUTIVES AT COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC CONSOLIDATED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE USO'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A: COMPENSATION TO THE OFFICERS KRISTINE SHUMACK (CHIEF FINANCIAL OFFICER, USO), DEREK HERR (PREVIOUS DIRECTOR OF FINANCIAL REPORTING, PLANNING & ANALYSIS; USO) AND WARREN CARSTEN (VICE PRESIDENT OF FINANCIAL SYSTEMS, PLANNING & ANALYSIS; USO) ARE NOT PAID EMPLOYEES OF THE FOUNDATION. THEIR COMPENSATION IS PAID BY A RELATED ORGANIZATION, USO. UNITED SERVICE ORGANIZATIONS INC 2111 WILSON BLVD SUITE 1200 ARLINGTON VA 22201 131610451 SUPPORT AMERICA'S MILITARY SERVICE MEMBERS DC 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0