2021-09-16T13:26:51-05:00 2020-12-31 050255779 SANSIVERI KIMBALL & CO LLP 50 HOLDEN STREET PROVIDENCE RI 02908 990 2020-01-01 042899862 COAST GUARD FOUNDATION INC COAS 8605350786 394 TAUGWONK ROAD STONINGTON CT 063781807 SUSAN LUDWIG PRESIDENT 8605350786 2021-09-16 1 SUSAN LUDWIG 999009999 LINDA M PEARSON CPA P02361807 4013310500 2021-09-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUSAN LUDWIG 394 TAUGWONK ROAD STONINGTON CT 063781807 12202004 0 X WWW.COASTGUARDFOUNDATION.ORG X 1986 MA THE COAST GUARD FOUNDATION PARTNERS WITH THE COAST GUARD TO PROVIDE RESOURCES TO MEMBERS AND FAMILIES THAT BUILD RESILIENCE AND STRENGTHEN THE ENTIRE COMMUNITY. 29 28 19 125 0 0 9299517 7296667 0 0 461832 602674 -97035 -391788 9664314 7507553 3377646 2662276 0 0 2148283 2226970 252608 228352 1603364 2259417 1495262 8037954 6612860 1626360 894693 16769871 18378114 677325 549487 16092546 17828627 X THE COAST GUARD FOUNDATION: - SUPPORTS COAST GUARD MEMBERS THROUGH MORALE, WELLNESS AND COMMUNITY BUILDING PROJECTS, EDUCATION AND WORKFORCE DEVELOPMENT ASSISTANCE, DISASTER RELIEF, AND RECOGNITION PROGRAMS THAT HONOR THEIR SERVICE TO AMERICA. - EMPOWERS COAST GUARD SPOUSES WITH SCHOLARSHIPS AND GRANTS TO HELP THEM ACHIEVE COLLEGE DEGREES OR PROFESSIONAL CERTIFICATIONS, GIVING THEM PERSONAL FULFILLMENT AND BOOSTING THE FAMILY'S FINANCIAL STABILITY. - INVESTS IN COAST GUARD CHILDREN THROUGH SCHOLARSHIPS THAT MAKE THE DREAM OF COLLEGE A REALITY, AND COMPREHENSIVE EDUCATION SUPPORT FOR THOSE WHO HAVE LOST A COAST GUARD PARENT IN THE LINE OF DUTY DURING AN OPERATIONAL MISHAP. - ASSISTS COAST GUARD FAMILIES THROUGH TRAGEDY ASSISTANCE WHEN A COAST GUARD MEMBER IS INJURED OR DIES IN THE LINE OF DUTY AND EMERGENCY RELIEF WHEN THEY SUFFER A SIGNIFICANT LOSS DURING A DISASTER. 0 0 1901504 1526837 SUPPORT TO MEMBERS OF THE UNITED STATES COAST GUARD:THE COAST GUARD FOUNDATION'S SUPPORT FOR COAST GUARD MEMBERS ENHANCES THEIR MISSION READINESS AND RESILIENCE. THROUGH FITNESS AND RECREATION GEAR, WE PROMOTE MORALE AND WELLNESS INITIATIVES. WHEN NATURAL DISASTERS OCCUR, WE AID COAST GUARD MEMBERS' IMMEDIATE NEEDS, HELPING TO REBUILD HOMES AND RESTORE PERSONAL PROPERTY. THE COAST GUARD FOUNDATION PROVIDES EDUCATION AND WORKFORCE DEVELOPMENT ASSISTANCE TO MEMBERS PURSUING COLLEGE DEGREES OR PROFESSIONAL CERTIFICATIONS TO BETTER PREPARE THEM FOR THEIR ASSIGNED DUTIES AND FUTURES AFTER THEIR COAST GUARD SERVICE. 303420 97657 SUPPORT TO THE CORPS OF CADETS AT THE COAST GUARD ACADEMY:THE COAST GUARD FOUNDATION SUPPORTS THE COAST GUARD'S FUTURE OFFICER CORPS THROUGH LEADERSHIP DEVELOPMENT PROGRAMS, DIVERSITY AND INCLUSION INITIATIVES, ACADEMIC ENRICHMENT, AND ATHLETICS AND CLUB ACTIVITIES AT THE COAST GUARD ACADEMY. THE FOUNDATION ACCEPTS BOAT DONATIONS TO EXPAND OPPORTUNITIES FOR THE ACADEMY'S SAILING TEAMS. 1248055 1037782 SUPPORT TO COAST GUARD FAMILIES:THE COAST GUARD FOUNDATION PROVIDES SCHOLARSHIPS FOR SPOUSES AND COLLEGE-AGE CHILDREN OF COAST GUARD MEMBERS. THE FOUNDATION UPGRADES THE COAST GUARD LOCATIONS AND FAMILY HOUSING AREAS WITH PROJECTS SUCH AS SAFE PLAYGROUNDS AND RECREATION FACILITIES. IN TIMES OF TRAGEDY, WHEN A COAST GUARD MEMBER DIES OR IS CRITICALLY INJURED WHILE ON ACTIVE DUTY, THE COAST GUARD FOUNDATION OFFERS COMFORT AND EMERGENCY ASSISTANCE TO THE FAMILY AND FRIENDS OF THE FALLEN. IN TIMES OF NATURAL DISASTER THE FOUNDATION STEPS IN TO RELIEVE THE IMMEDIATE NEEDS OF COAST GUARD FAMILIES. THE FALLEN HEROES SCHOLARSHIP PAYS THE COST OF A COLLEGE EDUCATION FOR THE CHILDREN OF A COAST GUARD MEMBER WHO IS KILLED IN THE LINE OF DUTY DURING AN OPERATIONAL MISHAP. 764340 PUBLIC AWARENESS:THE COAST GUARD FOUNDATION SERVES AS A GOODWILL AMBASSADOR FOR THE UNITED STATES COAST GUARD BY MAKING THE PUBLIC AWARE OF THE BENEFITS OF A STRONG COAST GUARD. THROUGH A PUBLIC SERVICE ANNOUNCEMENT CAMPAIGN, THE FOUNDATION HIGHLIGHTS THE DEDICATION AND BRAVERY OF COAST GUARD CREWS. BY HONORING COAST GUARD MEMBERS AT EVENTS, SUCH AS TRIBUTE DINNERS, THE FOUNDATION SHOWCASES THE BRAVERY AND PERFORMANCE EXCELLENCE OF THE SERVICE. 764340 4217319 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 19 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY MD FL CA RI AL WA AZ AK MI NJ AR GA IL KS KY LA ME MN MS NC ND NH NM OH OK OR PA SC TN UT VA WI WV CT MO HI DC X X X NICOLE EVANS 8605350786 394 TAUGWONK ROAD STONINGTON CT 06378 AL A GONSOULIN TRUSTEE 2.00 X 0 0 0 ALEXANDRA ANAGNOSTIS-IRONS TRUSTEE 2.00 X 0 0 0 BENJAMIN G BORDELON TRUSTEE 2.00 X 0 0 0 BRENDAN J BOUCHARD TRUSTEE 2.00 X 0 0 0 BRENDAN V SULLIVAN JR TRUSTEE 2.00 X 0 0 0 BRIAN B MCALLISTER TRUSTEE 2.00 X 0 0 0 CARLEEN LYDEN-WALKER TRUSTEE 2.00 X 0 0 0 CHARLEY DIAZ TRUSTEE 2.00 X 0 0 0 CHERYL D FELDER TREASURER 15.00 X X 0 0 0 R CHRISTIAN JOHNSEN VICE CHAIRMAN 15.00 X X 0 0 0 CLAY MAITLAND DIRECTOR 5.00 X 0 0 0 CORY QUARLES TRUSTEE 2.00 X 0 0 0 CORRINE X KOSAR DIRECTOR 5.00 X 0 0 0 D BRIAN PETERMAN TRUSTEE 2.00 X 0 0 0 DANIEL SMALLWOOD TRUSTEE 2.00 X 0 0 0 DAVID F DYER TRUSTEE 2.00 X 0 0 0 DAVID W GRZEBINISKI DIRECTOR 5.00 X 0 0 0 DUNCAN C SMITH III SECRETARY 15.00 X X 0 0 0 EDWIN LLWYD ECCLESTONE TRUSTEE 2.00 X 0 0 0 FREDERICK BRODSKY DIRECTOR 5.00 X 0 0 0 GREG BOMBARD TRUSTEE 2.00 X 0 0 0 GEORGE KAMPSTRA TRUSTEE 2.00 X 0 0 0 H MERRITT LANE III TRUSTEE 2.00 X 0 0 0 JAMES S ANDRASICK TRUSTEE 2.00 X 0 0 0 JAMES A O'HARE DIRECTOR 5.00 X 0 0 0 JAMES C OLSON TRUSTEE 2.00 X 0 0 0 JAMES C VAN SICE DIRECTOR 5.00 X 0 0 0 JAMES M MATHIEU TRUSTEE 2.00 X 0 0 0 JAMES P MULDOON DIRECTOR 5.00 X 0 0 0 JAMES SHERIDAN TRUSTEE 2.00 X 0 0 0 JEFFREY G FREEMAN TRUSTEE 2.00 X 0 0 0 JEFFREY SCHOLZ TRUSTEE 2.00 X 0 0 0 JOHN DOHERTY TRUSTEE 2.00 X 0 0 0 JOHN PARROTT TRUSTEE 2.00 X 0 0 0 JOHN SEAMAN TRUSTEE 2.00 X 0 0 0 JOHN F STATTS TRUSTEE 2.00 X 0 0 0 JOSEPH P BUSS JR TRUSTEE 2.00 X 0 0 0 JOSEPH B PHAIR TRUSTEE 2.00 X 0 0 0 JUDITH A ROOS DIRECTOR 5.00 X 0 0 0 KEVIN J MCSWEENEY DIRECTOR 5.00 X 0 0 0 LEO PAUL KOULOS DIRECTOR 5.00 X 0 0 0 LINDA COOKE TRUSTEE 2.00 X 0 0 0 LORETTA RIETSEMA DIRECTOR 5.00 X 0 0 0 MARGARET C WINTERS DIRECTOR 5.00 X 0 0 0 MARK ROSS TRUSTEE 2.00 X 0 0 0 NICKI M CANDIES DIRECTOR 5.00 X 0 0 0 PB SHAH TRUSTEE 2.00 X 0 0 0 PAUL RODEN TRUSTEE 2.00 X 0 0 0 PEGGY DUXBURY DIRECTOR 5.00 X 0 0 0 PHILIP J SHAPIRO TRUSTEE 2.00 X 0 0 0 RICHARD M SYMONS TRUSTEE 2.00 X 0 0 0 ROBERT CONRAD DIRECTOR 5.00 X 0 0 0 ROBERT W MONTGOMERY TRUSTEE 2.00 X 0 0 0 ROSS E ROEDER DIRECTOR 5.00 X 0 0 0 RUTH ANDERSON COGGESHALL DIRECTOR 5.00 X 0 0 0 SALLY BRICE-O'HARA DIRECTOR 5.00 X 0 0 0 SCOTT COOPER TRUSTEE 2.00 X 0 0 0 STEIN KRUSE DIRECTOR 5.00 X 0 0 0 STEPHEN E MUECKE TRUSTEE 2.00 X 0 0 0 STEVEN T SCALZO DIRECTOR 5.00 X 0 0 0 SUSAN LUDWIG PRESIDENT 45.00 X X 222560 0 26455 THAD W ALLEN TRUSTEE 2.00 X 0 0 0 THOMAS A ALLEGRETTI DIRECTOR 5.00 X 0 0 0 THOMAS K RICHEY TRUSTEE 2.00 X 0 0 0 THOMAS NILES DIRECTOR 5.00 X 0 0 0 THOMAS WETHERALD TRUSTEE 2.00 X 0 0 0 VIC ANGOCO TRUSTEE 2.00 X 0 0 0 WALTER BLESSEY JR DIRECTOR 5.00 X 0 0 0 WILLIAM ANONSEN TRUSTEE 2.00 X 0 0 0 WILLIAM H COLLIER JR DIRECTOR 5.00 X 0 0 0 WILLIAM JENKINS CHAIRMAN 20.00 X X 0 0 0 WILLIAM LIGHTNER TRUSTEE 2.00 X 0 0 0 WILLIAM SHEFFIELD JR TRUSTEE 2.00 X 0 0 0 CLAYTON SPIKES TRUSTEE 2.00 X 0 0 0 ERIC NAGEL TRUSTEE 2.00 X 0 0 0 TERESA ALAIMO DIRECTOR OF FINANCE AND AC 45.00 X 94107 0 4738 BRAD SISLEY SENIOR VP OF DEVELOPMENT 45.00 X 175982 0 9779 LINDA NAUGLE REGIONAL DIR OF PHILANTHROPY 45.00 X 153271 0 14287 BRIAN OVERCAST REGIONAL DIR OF PHILANTHROPY 45.00 X 135964 0 16362 RON LABREC REGIONAL DIR OF PHILANTHROPY 45.00 X 152390 0 7435 MARC CREGAN REGIONAL DIR OF PHILANTHROPY 45.00 X 151285 0 3468 ANDREW KERR REGIONAL DIR OF PHILANTHROPY 45.00 X 140453 0 728 1226012 0 83252 10 0 1 0 RKD GROUP 201 SUMMER STREET HOLLISTON MA 01746 MAIL SOLICITATIONS 118455 1 12746 1085649 389500 5808772 240827 7296667 423530 423530 4336993 4157849 179144 179144 179144 100135 1085649 536602 -436467 -436467 TRUSTEE DUES 900099 37500 37500 MISCELLANEOUS 900099 5224 5224 SALE OF PROMOTIONAL ITEMS 453220 1955 1955 44679 7507553 44679 0 166207 1406456 1406456 1255820 1255820 529693 274917 141613 113163 1366774 634691 245774 486309 73145 24847 15661 32637 125427 46398 11198 67831 131931 43889 28256 59786 18895 18895 41518 41518 228352 228352 35981 35981 236138 80007 89920 66211 173120 89823 83297 97833 44776 15242 37815 86406 44218 33448 8740 46829 13536 3594 29699 61806 34348 11360 16098 DIRECT MAIL SOLICITATIO 500831 174516 43090 283225 MISCELLANEOUS 168405 49077 56627 62701 DONOR CULTIVATION 27500 27500 6612860 4217319 792177 1603364 982609 717849 1251610 1609374 1210220 994051 5548 1283 35169 33557 256396 68736 1403330 925159 533741 478171 12494578 14475093 16769871 18378114 394985 355820 282340 193667 677325 549487 X 4867117 5504219 11225429 12324408 16092546 17828627 16769871 18378114 894693 841388 0 X 0 1 X 1 0 X 7396275 7360813 7565522 9299517 7143650 38765777 7396275 7360813 7565522 9299517 7143650 38765777 38765777 279547 315841 455004 436917 423530 1910839 48672 38335 38915 54221 42724 222867 40899483 12843 0.94780 0.94640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TRUSTEE DUES - 2016 AMOUNT: $ 38,000. 2017 AMOUNT: $ 38,250. 2018 AMOUNT: $ 39,000. 2019 AMOUNT: $ 40,500. 2020 AMOUNT: $ 37,500. MISCELLANEOUS - 2016 AMOUNT: $ 10,672. 2017 AMOUNT: $ 85. 2018 AMOUNT: $ -85. 2019 AMOUNT: $ 13,721. 2020 AMOUNT: $ 5,224. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12076986 1006305 1303216 340979 14045528 9977157 1172637 1939814 1012622 12076986 10666162 565857 -519004 735858 9977157 7243012 2692069 1121131 390050 10666162 6744464 1058568 273551 833571 7243012 0 0 69569 69569 850663 512117 338546 266421 224764 41657 216677 188278 28399 478171 X 10848066 741253 2098639 536602 3376494 7471572 35981 35981 7507553 9111985 2098639 436467 2535106 6576879 35981 35981 6612860 PART V, LINE 4: ENDOWMENT FUNDS WERE CREATED TO SUPPORT THE COAST GUARD ACADEMY AND THE VARIOUS COAST GUARD DISTRICTS. SUCH SUPPORT COMES IN MANY FORMS INCLUDING PROJECTS TO BENEFIT DISTRICT MORALE, ACADEMIC AND ATHLETIC PROGRAMS AT THE ACADEMY, AS WELL AS PROGRAMS TO SUPPORT COAST GUARD FAMILIES, INCLUDING SCHOLARSHIPS. PART X, LINE 2: MANAGEMENT DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE OR RECOGNITION. FOR THE YEAR ENDED DECEMBER 31, 2020, THERE WERE NO TAX RELATED INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING - SPECIAL EVENTS 536,602. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM FUNDRAISING - SPECIAL EVENTS 536,602. DIRECT BENEFIT TO DONORS - SPECIAL EVENTS -100,135. X X X X X X 1 RKD GROUP 201 SUMMER STREET HOLLISTON MA 01746 DIGITAL AND MAIL SOLICITATIONS 0 2349484 118455 2231029 SUSAN O'NEIL & ASSOCIATES 5910 GLOSTER RD BETHESDA MD 20816 SPECIAL FUNDRAISING EVENTS 0 484500 42397 442102 ANCHOR STRATEGIES PO BOX 521854 BIG LAKE AK 99652 SPECIAL FUNDRAISING EVENTS 0 10000 17500 -7500 EMERSON EVENTS & MARKETING 253 8TH STREET JERSEY CITY NJ 07302 SPECIAL FUNDRAISING EVENTS 0 0 50000 -50000 2843984 228352 2615631 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY NOLA DINNER 512110 427700 84410 30530 64244 17784 -23634 DC DINNER 484500 484500 35855 0 946 62478 5 189174 173449 15725 36549 90941 13829 207080 1185784 1085649 100135 102934 155185 32559 245924 536602 -436467 1 UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 70157 TO ENHANCE EDUCATIONAL OPPORTUNITIES AT THE COAST GUARD ACADEMY UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 4300 TO SUPPORT THE WATERFRONT PROGRAM AT THE COAST GUARD ACADEMY UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 449503 TO IMPROVE MORALE AND WELFARE OF COAST GUARDSMEN UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 14500 TO ENHANCE THE ATHLETIC PROGRAMS AT THE COAST GUARD ACADEMY UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 57300 TO SUPPORT PUBLIC OUTREACH OPPORTUNITIES AT THE COAST GUARD ACADEMY AND DISTRICTS UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 1200 TO PROVIDE SUPPORT TO THE UNITED STATES COAST GUARD AUXILIARY UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 779496 TO SUPPORT SHIPMATE FUNDS THROUGHOUT THE COAST GUARD UNITED STATES COAST GUARD 2703 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 205937000 546010204 UNITED STATES COAST 30000 TO SUPPORT CHAPLAIN FAMILY INITIATIVES THROUGHOUT THE COAST GUARD COLLEGE SCHOLARSHIPS TO CHILDREN OF ENLISTED PERSONNEL 229 533864 DISASTER AND TRAGEDY ASSISTANCE 159 328610 COLLEGE SCHOLARSHIPS TO RESERVISTS AND THEIR DEPENDENTS 5 5000 EDUCATION GRANTS TO SPOUSES OF COAST GUARD ENLISTED PERSONNEL 250 140000 FALLEN HEROES SCHOLARSHIPS 1 502 EDUCATION GRANTS / WORKFORCE DEVELOPMENT TO ENLISTED PERSONNEL 365 247844 PART I, LINE 2: CHILDREN OF ACTIVE DUTY, RETIRED, AND DECEASED ENLISTED PERSONNEL CAN APPLY FOR SCHOLARSHIPS AND A POINT SYSTEM IS USED TO RANK THE APPLICANTS BASED ON ACADEMIC PROMISE, LEADERSHIP POTENTIAL, AND CHARACTER. IN ADDITION, AN INDEPENDENT BOARD CONSISTING OF COAST GUARD PERSONNEL REVIEW THE APPLICATIONS AND PROVIDE A RANKING OF THE APPLICANTS. THE SCHOLARSHIP COMMITTEE REVIEWS THE TWO LISTS AND HAS FINAL APPROVAL ON AWARDS. STUDENTS MUST PROVIDE VERIFICATION OF FULL TIME ENROLLMENT, TRANSCRIPTS, AND STUDENT BILLS. PAYMENTS ARE MADE DIRECTLY TO THE ACADEMIC INSTITUTION WITH THE REQUIREMENT THAT ANY OVERAGES WILL BE REFUNDED TO THE COAST GUARD FOUNDATION AND NOT PAID OUT TO THE STUDENT. EDUCATION GRANTS FOR SPOUSES ARE AWARDED BASED ON A GRANT APPLICATION AND ARE PAID DIRECTLY TO THE RECIPIENT. EDUCATION GRANTS ARE ADMINISTERED BY THE COAST GUARD EDUCATION AND TRAINING QUOTA MANAGEMENT COMMAND WHO ANNOUNCES THE FUNDS AVAILABILITY AND CHECKS FOR ELIGIBILITY. A LIST OF APPROVED AWARDEES IS GIVEN TO THE COAST GUARD FOUNDATION TO ADMINISTER PAYMENTS DIRECTLY TO ENLISTED MEMBERS. RECIPIENTS ALSO HAVE THE ABILITY TO SEND ACKNOWLEDGEMENT EMAILS. GRANTS TO THE COAST GUARD ARE DETERMINED BASED ON A NEEDS LIST PRESENTED TO THE GRANTS COMMITTE WHICH INCLUDES A DESCRIPTION OF HOW THE SUPPORT BENEFITS COAST GUARD PERSONNEL AND HOW MANY ARE BENEFITED. IN ADDITION, AVAILABLE FUNDING BY PROGRAM IS CONSIDERED IN GRANTING REQUESTS. GRANTS ARE DISBURSED TO THE COAST GUARD GIFT FUND AND THE COAST GUARD REPORTS BACK WITH DOCUMENTATION OF EXPENDITURE. X X X X X X 0 0 0 0 0 0 0 0 0 SUSAN LUDWIG PRESIDENT 222560 0 0 0 0 0 8950 0 17505 0 249015 0 0 0 BRAD SISLEY SENIOR VP OF DEVELOPMENT 175982 0 0 0 0 0 7283 0 2496 0 185761 0 0 0 LINDA NAUGLE REGIONAL DIR OF PHILANTHROPY 153271 0 0 0 0 0 6411 0 7876 0 167558 0 0 0 RON LABREC REGIONAL DIR OF PHILANTHROPY 152390 0 0 0 0 0 5996 0 1439 0 159825 0 0 0 MARC CREGAN REGIONAL DIR OF PHILANTHROPY 151285 0 0 0 0 0 2154 0 1314 0 154753 0 0 0 BRIAN OVERCAST REGIONAL DIR OF PHILANTHROPY 135964 0 0 0 0 0 5667 0 10695 0 152326 0 0 0 X 11 152467 FAIR MARKET VALUE X CONSUMER GOODS 1 88360 RETAIL VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 5 THE COAST GUARD FOUNDATION, INC. (THE "FOUNDATION") BECAME AWARE OF A SIGNIFICANT DIVERSION OF FUNDS IN JANUARY OF 2020. THE NATURE OF THE DIVERSION IS AS FOLLOWS: THE FOUNDATION'S CHARITABLE PURPOSE IS TO SUPPORT THE COAST GUARD, INCLUDING ITS EFFORT TO ENHANCE BOATER SAFETY. AS PART OF ITS CHARITABLE ACTIVITIES, THE FOUNDATION MAKES GRANTS TO OTHER TAX-EXEMPT CHARITABLE ORGANIZATIONS. ONE PARTICULAR GRANTEE ORGANIZATION (THE "GRANTEE ORGANIZATION") SERVES SIMILAR PURPOSES WITH RESPECT TO BOATER SAFETY. THE FOUNDATION THEREFORE DECIDED TO SUPPORT THE GRANTEE ORGANIZATION'S BOATER SAFETY ACTIVITIES, WHICH WAS AN APPROPRIATE USE OF THE FOUNDATION'S RESOURCES. THE FOUNDATION GRANTED $510,216 TO THE GRANTEE ORGANIZATION FOR BOATER SAFETY ACTIVITIES AND GRANTEE ORGANIZATION SUPPORT DURING 2017 TO 2019. THE GRANTEE ORGANIZATION MISUSED $302,716 OF THE GRANTED FUNDS BY PROVIDING THOSE FUNDS TO AN INDIVIDUAL DONOR. IT IS OUR UNDERSTANDING THAT THE GRANTEE ORGANIZATION REIMBURSED THE INDIVIDUAL DONOR FOR THE INDIVIDUAL DONOR'S PERSONAL EXPENDITURES OF PURCHASING SPONSORSHIPS OF FOUNDATION EVENTS. THIS WAS AN UNINTENDED AND INAPPROPRIATE USE OF THE FUNDS GRANTED BY THE FOUNDATION TO THE GRANTEE ORGANIZATION. THE FOUNDATION IS TAKING CORRECTIVE ACTIONS BOTH WITH RESPECT TO THIS DIVERSION OF FUNDS AND WITH RESPECT TO ENSURING SUCH DIVERSIONS DO NOT HAPPEN AGAIN. THE FOUNDATION HAS CEASED MAKING GRANTS TO THE GRANTEE ORGANIZATION. THE FOUNDATION HAS DEMANDED THE RETURN OF THE DIVERTED FUNDS FROM THE GRANTEE ORGANIZATION AND WILL CONTINUE TO ATTEMPT TO RECLAIM THE DIVERTED FUNDS FROM THE GRANTEE ORGANIZATION. IN ADDITION, THE FOUNDATION HAS UPDATED ITS PROCEDURES FOR MONITORING THE USE OF FUNDS GRANTED TO THIRD-PARTY ORGANIZATIONS TO PREVENT A REOCCURRENCE AND ENSURE THAT FOUNDATION FUNDS ARE USED BY GRANT RECIPIENTS AS INTENDED BY THE FOUNDATION. THESE UPDATED PROCEDURES WILL BE MODELLED ROUGHLY AFTER THE EXPENDITURE RESPONSIBILITY PROCEDURES APPLICABLE TO PRIVATE FOUNDATIONS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COPY OF THE 990 IS SENT TO THE AUDIT COMMITTEE FOR REVIEW. AFTER AUDIT COMMITTEE APPROVAL, AND PRIOR TO FILING, A COPY OF THE 990 IS DISTRIBUTED TO THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEE CONFLICT OF INTEREST POLICY IS CLEARLY STATED IN OUR BY-LAWS. EACH YEAR TWO FORMS ARE SENT TO THE TRUSTEES ASKING THEM TO INDICATE WHETHER THEY ARE RELATED OR NON-RELATED PARTIES AND IF SO TO DISCLOSE THE RELATIONSHIP. THEY MUST ALSO DISCLOSE ANY CONFLICTS OF INTEREST. THE FORMS ARE THEN SIGNED BY THE TRUSTEE AND FILED AT THE OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE FOUNDATION'S PRESIDENT IS REVIEWED AND SET BY THE CHAIRMAN OF THE BOARD. THE CHAIRMAN TAKES INTO CONSIDERATION INDEPENDENT COMPENSATION STUDIES, THE RECOMMENDATION OF THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS, AND BENCHMARKING DATA FROM SIMILAR ORGANIZATIONS TO ENSURE THAT THE PRESIDENT'S COMPENSATION IS WITHIN THE RANGE OF THAT PAID TO NONPROFIT EXECUTIVES WITH COMPARABLE RESPONSIBILITES. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED BY THE PRESIDENT USING THE SAME METHOD. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORT. AUDITED FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE ON THE WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. COVID-19 PANDEMIC THE NOVEL STRAIN OF CORONAVIRUS WAS DECLARED A PANDEMIC MARCH 11, 2020. THE FOUNDATION DERIVES SIGNIFICANT REVENUES FROM HOSTING SPECIAL EVENTS AND FROM ENGAGING DONORS IN PERSON. GIVEN REGULATORY RESTRICTIONS AND CONCERN FOR PUBLIC SAFETY, EVENTS AND STAFF TRAVEL WERE CANCELED. THE RESULTING IMPACTS ON THE FOUNDATION'S FUNDRAISING AND OPERATIONS IN 2020, WHICH INCLUDED DECREASED FUNDRAISING AND PROGRAM SUPPORT, ARE CONTAINED IN THIS FILING. THE EXTENT OF COVID-19'S IMPACT ON THE FOUNDATION'S OPERATIONAL AND FINANCIAL PERFORMANCE IN 2021 WILL DEPEND ON CERTAIN DEVELOPMENTS, INCLUDING THE CONTINUED DURATION AND SPREAD OF THE VIRUS, THE ABILITY TO SAFELY HOST EVENTS, THE ABILITY FOR STAFF TRAVEL, AND THE IMPACT ON CUSTOMERS, EMPLOYEES AND VENDORS. THESE IMPACTS REMAIN UNCERTAIN AT THE TIME OF THIS FILING.