United States Power Squadrons
- Assets
- $2.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Raleigh, NC
- Founding
- 03/1949
- Data as of
- 11/2022
- EIN
- 22-1487365
Organization Overview
United States Power Squadrons is located in Raleigh, NC. The organization was established in 1949. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 11/2022, United States Power Squadrons employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. United States Power Squadrons 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 11/2022, United States Power Squadrons generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.7m during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RECREATIONAL BOATING SAFETY THROUGH EDUCATION AND CIVIC ACTIVITIES WHILE PROVIDING FELLOWSHIP FOR ITS MEMBERS.
Describe the Organization's Program Activity:
THE "ENSIGN" IS A PUBLICATION TO DISSEMINATE INFORMATION ABOUT BOATING & BOATING SAFETY.
EDUCATIONAL DEVELOPMENT AND PRODUCTION OF COURSE MATERIALS, BOATING INSTRUCTIONS, AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Catherine Berube Executive Director | 40 | $104,572 | |
Craig Fraser Chief Commander | OfficerTrustee | 40 | $0 |
Mike Wiedel National Administrative Of | OfficerTrustee | 40 | $0 |
William Mcmanimen National Educational Offic | OfficerTrustee | 40 | $0 |
Ralph Bernard National Executive Officer | OfficerTrustee | 40 | $0 |
David Allen National Secretary | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rm Agency Boat Live 365 Grant Development | 11/29/17 | $247,550 |
Lafferty Media Partners Co Marty Laffer Developing Video For Digital Media Libra | 11/29/17 | $183,250 |
Virtual Driver Interactive Trainers Software Hardware | 11/29/17 | $101,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $631,979 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,534,963 |
| Total Program Service Revenue | $200,903 |
| Investment income | $24,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $268,909 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,085,267 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $742,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,057 |
| Payroll taxes | $54,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,475 |
| Fees for services: Accounting | $32,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,481 |
| Fees for services: Other | $229,481 |
| Advertising and promotion | $3,421 |
| Office expenses | $115,951 |
| Information technology | $55,799 |
| Royalties | $0 |
| Occupancy | $42,180 |
| Travel | $39,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,104 |
| Insurance | $165,427 |
| All other expenses | $3,653 |
| Total functional expenses | $1,720,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,309 |
| Savings and temporary cash investments | $713,129 |
| Pledges and grants receivable | $233,990 |
| Accounts receivable, net | $25,968 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $244,301 |
| Prepaid expenses and deferred charges | $206,075 |
| Net Land, buildings, and equipment | $292,313 |
| Investments—publicly traded securities | $784,643 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,678 |
| Total assets | $2,932,406 |
| Accounts payable and accrued expenses | $79,387 |
| Grants payable | $0 |
| Deferred revenue | $345,425 |
| 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 | $167,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $592,579 |
| Net assets without donor restrictions | $2,183,150 |
| Net assets with donor restrictions | $156,677 |
| 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 | $2,932,406 |
Endowment Analysis
| Beg. Balance | $2,437,141 |
| Earnings | -$153,716 |
| Net Contributions | $23,229 |
| Other Expense | $124,230 |
| Ending Balance | $2,182,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divers Alert Network Durham, NC | $37,418,607 | $12,273,989 |
Mecklenburg Aquatic Club Inc Charlotte, NC | $2,813,176 | $4,694,169 |
Nova Of Virginia Aquatics Inc Richmond, VA | $8,429,552 | $3,737,460 |
Occoquan Swimming Inc Manassas, VA | $416,953 | $2,263,892 |
Hollow Rock Racquet And Swim Club Inc Durham, NC | $3,219,714 | $2,479,240 |
Raleigh Swimming Association Raleigh, NC | $3,136,776 | $2,156,316 |
United States Power Squadrons Raleigh, NC | $2,932,406 | $2,085,267 |
American Canoe Association Fredericksburg, VA | $2,935,103 | $2,005,196 |
Excel Aquatics Brentwood, TN | $851,394 | $1,571,381 |
Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
Nashville Aquatic Club Nashville, TN | $573,153 | $1,290,870 |
Tide Swimming Virginia Beach, VA | $1,525,215 | $1,751,645 |