2025-10-02T13:39:11-05:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-01-01 208861567 USO FOUNDATION USOF 7039086400 2111 WILSON BOULEVARD 1200 ARLINGTON VA 22201 KRISTINE SHUMACK CHIEF FINANCIAL OFFICER 7039086400 2025-09-29 1 1 MARY TORRETTA P00847851 7038477500 2025-09-25 2024 2025-03-06 01:10:19Z WILLIAM J LYNN III 2111 WILSON BOULEVARD 1200 ARLINGTON VA 22201 230207569 0 1291 X HTTP://WWW.USO.ORG X 2007 DC SUPPORT OF USO, INC.'S MISSION TO STRENGTHEN THE WELL-BEING OF THE PEOPLE (CONTINUED IN SCHEDULE O) SERVING IN AMERICA'S MILITARY AND THEIR FAMILIES. 7 7 0 7 0 0 0 0 0 0 7538820 7163123 0 0 7538820 7163123 11801980 15179369 0 0 0 0 0 0 0 470919 524484 12272899 15703853 -4734079 -8540730 155426087 158961433 66965 1396826 155359122 157564607 THE MISSION OF THE USO FOUNDATION (FOUNDATION) IS TO SUPPORT USO INC.'S (USO) MISSION TO STRENGTHEN THE WELL-BEING OF THE PEOPLE SERVING IN AMERICA'S MILITARY AND THEIR FAMILIES. 0 0 15179369 15179369 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. THE FOUNDATION ALSO SUPPORTS USO STRATEGIC INITIATIVES FOCUSED ON INCREASING BRAND AWARENESS, RELEVANCY AND VALUE OF MISSION AND DIGITAL TRANSFORMATIONS TO ADVANCE MISSION DELIVERY AND FUNDRAISING EFFORTS, MODERNIZE OPERATIONS, AND TO INFORM DECISION-MAKING. 15179369 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 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 WILLIAM J LYNN III PRESIDENT & CHAIRMAN 2.00 0.00 X X 0 0 0 ANDREW MAGLIOCHETTI DIRECTOR 1.00 0.00 X 0 0 0 COURTNEY BILLINGTON DIRECTOR 1.00 2.00 X 0 0 0 DAVID MALONE DIRECTOR (BEG 01/24) 1.00 0.00 X 0 0 0 MARSHALL NADEL DIRECTOR (BEG 01/24) 1.00 0.00 X 0 0 0 ROBERT MARTINEZ DIRECTOR 1.00 0.00 X 0 0 0 ROBIN LINEBERGER DIRECTOR (BEG 01/24) 1.00 0.00 X 0 0 0 KRISTINE SHUMACK TREASURER; USO, INC. CFO 2.00 48.00 X 0 416533 63724 WARREN CARSTEN SEC; USO, INC. VP FIN SYS 2.00 40.00 X 0 214428 34195 0 630961 97919 0 0 1 0 SCOUT INVESTMENTS INC 1201 WALNUT ST KANSAS CITY MO 64106 INVESTMENT MANAGER 153771 JOHN W BRISTOL CO INC 48 WALL ST 18 NEW YORK NY 10005 INVESTMENT MANAGER 115974 2 4594403 4594403 225613166 223044446 2568720 2568720 2568720 7163123 0 0 7163123 15179369 15179369 7779 7779 27678 27678 488842 488842 BUSINESS TAXES & LIC. 185 185 15703853 15179369 524484 0 360306 282086 149687209 152463324 5378572 6216023 155426087 158961433 66965 218338 0 1178488 66965 1396826 X 83850780 79706605 71508342 77858002 155359122 157564607 155426087 158961433 -8540730 10746215 0 X 0 1 X 1 1 1 X X 1 UNITED SERVICE ORGANIZATIONS INC 131610451 7 1 15179369 0 1 15179369 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 155359122 0 17909338 15179369 524484 157564607 144594742 0 23037280 11801980 470920 155359122 165800373 2730431 -20591535 2945627 398900 144594742 146925286 5029073 14328884 0 482870 165800373 131918952 0 15508406 0 502072 146925286 0.51000 0.16000 0.33000 0 0 0 LIABILITY FOR ASSETS HELD BY RELATED ENTITY 1178488 1178488 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. APPROPRIATIONS FROM THE ENDOWMENT ARE GOVERNED BY A SPENDING POLICY ADOPTED BY THE BOARD OF THE FOUNDATION. THIS SPENDING POLICY 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 2024, THE BOARD APPROVED THE APPROPRIATION OF $3,141,369 TO SUPPORT THE MISSION OF THE USO. THE APPROPRIATION WAS APPLIED PROPORTIONALLY TO THE ACCUMULATED BOARD DESIGNATED AND DONOR RESTRICTED EARNINGS AND TRANSFERRED FROM THE ENDOWMENT TO THE USO. THE BOARD ALSO APPROVED A SPECIAL APPROPRIATION OF $12,038,000 FROM THE ACCUMULATED BOARD DESIGNATED EARNINGS TO SUPPORT SPECIAL STRATEGIC INITIATIVES OF THE 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 4842924 0 0 0 0 0 0 4842924 0 4842924 1 0 1 1 0 0 1 UNITED SERVICE ORGANIZATIONS INC 2111 WILSON BLVD SUITE 1200 ARLINGTON VA 22201 131610451 501(C)(3) 15179369 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 351408 0 62500 0 2625 0 26810 0 36914 0 480257 0 0 WARREN CARSTEN SEC; USO, INC. VP FIN SYS 0 188676 0 24100 0 1652 0 19564 0 14631 0 248623 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 2024 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 FOUNDATION BOARD, REMOVE ANY DIRECTOR FROM THE FOUNDATION'S BOARD, REMOVE THE FOUNDATION'S PRESIDENT AND APPROVE AMENDMENTS MADE TO 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 AUGUST 2025. 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 2024 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) 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, INC. 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 USO DEUTSCHLAND EV ALTES FORSTHAUS 2 KAISERSLAUTERN GM 67661 SUPPORT USO GM N/A USO INC 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 UNITED SERVICE ORGANIZATIONS INC S 1146960 COST PART V, LINE2(1): TRANSACTION WITH RELATED ORGANIZATIONS DURING 2024, USO BOARD OF DIRECTORS APPROVED THE EXECUTION OF AN AGREEMENT WITH USO TO HOLD AND MANAGE SEVERAL OF USO'S DONOR RESTRICTED ENDOWMENT FUNDS UNDER AN AGENCY AGREEMENT. USO TRANSFERED $1,146,960 TO THE FOUNDATION IN CONNECTION WITH THIS AFREEMENT. THESE ENDOWMENTS ARE GOVERNED BY THE USO'S SPENDING POLICY APPROVED BY THE USO'S BOARD OF GOVERNORS AND ARE NOT INCLUDED IN SCHEDULE D, PART V, ENDOWMENT FUNDS.