2025-11-17T19:24:21-06:00 2024-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2024-01-01 222667411 UNITED STATES SAILING FOUNDATION UNIT 4013427900 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 MONIKA MILLER CFO 4013427900 2025-11-17 1 1 PATRICK J MARTIN P00283486 4012742001 2025-11-17 2024 2025-03-06 01:10:19Z MONIKA MILLER 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 772576 0 X WWW.USSAILING.ORG X 1985 RI TO DIRECTLY SUPPORT A RELATED NON-PROFIT ORGANIZATION, THE UNITED STATES SAILING ASSOCIATION, INC. 2 2 0 2 0 0 1401444 546458 0 0 22894 123442 673 127 1425011 670027 4066213 115100 0 0 213117 258164 0 0 231708 1312852 5165054 5592182 5538318 -4167171 -4868291 13637643 8970589 10229754 10229625 3407889 -1259036 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 144339 115100 TO PROVIDE SUPPORT FOR PROGRAMS DEVELOPED BY ITS RELATED ORGANIZATION, THE UNITED STATES SAILING ASSOCIATION, INC. 144339 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 RI X X X MONIKA MILLER 4013427926 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 BRIAN KEANE PRESIDENT/DIRECTOR (AS OF 2/24) 10.00 10.00 X X 0 0 0 CORY SERTL DIRECTOR (TO 10/24) 1.00 X 0 0 0 RICHARD JEPSEN EX-OFFICIO (TO 11/24) 1.00 X 0 0 0 HENRY BRAUER PRESIDENT/DIRECTOR (AS OF 11/24) 10.00 10.00 X X 0 0 0 ALAN OSTFIELD CHIEF EXECUTIVE OFFICER 3.00 34.50 X 0 319545 26952 HEATHER MONOSON CHIEF FINANCE OFFICER (TO 3/24) 3.00 34.50 X 0 75375 3965 0 394920 30917 0 0 1 0 0 546458 546458 89883 89883 136108 102549 33559 33559 33559 MISCELLANEOUS REVENUE 900099 127 127 127 670027 127 0 123442 115100 115100 217172 43434 173738 9154 1831 7323 8194 1639 6555 23644 4729 18915 12835 5776 770 6289 58856 23463 32126 3267 10296 2574 7722 6 6 11125 3226 7899 BAD DEBT 5071936 5071936 5538318 144339 5162271 231708 967458 1024 5562786 223909 5490125 6021018 1617274 2724638 13637643 8970589 10229625 10229625 129 10229754 10229625 X -3584825 -4430569 6992714 3171533 3407889 -1259036 13637643 8970589 -4868291 201362 4 0 X X 0 1 X 1 0 X X 1 UNITED STATES SAILING ASSOCIATION 131671529 10 1 115100 0 1 115100 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 860537 1534061 182941 2577539 736517 3465 134080 13525 860537 287197 575229 -108749 17160 736517 201974 79118 6105 287197 182650 19324 201974 0.00000 1.00000 0.00000 0 0 0 CERTIFICATES OF DEPOSIT 2724638 C 2724638 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. 1 UNITED STATES SAILING ASSOCIATION INC 1 ROGER WILLIAMS UNIVERSITY WAY BRISTOL RI 02809 131671529 501C3 115100 0 PROGRAM AND OPERATIONS 1 PART I, LINE 2: USSF IS A SUPPORTING ORGANIZATION TO UNITED STATES SAILING ASSOCIATION, INC. X 0 0 0 0 0 0 0 0 0 ALAN OSTFIELD CHIEF EXECUTIVE OFFICER 0 319545 0 0 0 0 0 15530 0 11422 0 346497 0 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 A DRAFT FORM 990 IS PROVIDED BY US SAILINGS EXTERNAL AUDITORS FOR REVIEW BY THE CFO, AND ANY NEEDED ADJUSTMENTS ARE MADE. THE FINAL DRAFT FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE AND CEO FOR REVIEW AND APPROVAL PRIOR TO SENDING TO 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. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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) PUBLIC CHARITY 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNITED STATES SAILING ASSOCIATION INC B 115100 COST