United States Power Squadrons
- Assets
- $1.3m
- Revenue
- $45.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 59-6130985
Organization Overview
United States Power Squadrons, operating under the name United States Power Squadrons 22, is located in Clearwater, FL. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United States Power Squadrons 22 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 12/2022, United States Power Squadrons 22 generated $45.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $108.9k during the year ending 12/2022. While expenses have increased by 19.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL CLASSES ON BOATING OPERATION AND PROMOTES SAFETY ON THE WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Losi Commander | 2 | $0 | |
Thomas Markunas Executive Of | 2 | $0 | |
Peter Mawbey Treasurer | 2 | $0 | |
Mary Hotz Secretary | 2 | $0 | |
Peter Ubillos Senior Ed Of | 2 | $0 | |
Edward O'brien Admin Office | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,479 |
| Interest on Savings | $21,676 |
| Dividends & Interest | $16,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,369 |
| Capital Gain Net Income | $336 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $669 |
| Total Revenue | $45,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $238 |
| Depreciation | $0 |
| Occupancy | $44,598 |
| Travel, conferences, and meetings | $2,330 |
| Printing and publications | $0 |
| Other expenses | $38,467 |
| Total operating and administrative expenses | $90,233 |
| Contributions, gifts, grants paid | $18,681 |
| Total expenses and disbursements | $108,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024 |
| Savings and temporary cash investments | $19,698 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $22,851 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,299,230 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, United States Power Squadrons has awarded $18,681 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUT TROUP 417 PURPOSE: EDUCATION | $100 |
SEA SCOUTS PURPOSE: EDUCATION | $275 |
ST JUDES CHILDRENS HOSPITAL PURPOSE: RESEARCH | $306 |
ST JUDES CHILDRENS HOSPITAL PURPOSE: RESEARCH | $5,000 |
FT MYERS POWER SQUADRON PURPOSE: HURRICANE ASSISTANCE | $3,000 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: RESEARCH | $5,000 |