2015-05-13T13:51:11-05:00 2014-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2014-01-01 208861567 USO FOUNDATION % KRISTINE SHUMACKVP CONTROLL USOF 7039086400 2111 WILSON BOULEVARD Suite 1200 ARLINGTON VA 22201 PHILIP PARISI TREASURER 7039086400 2015-05-13 true MARY TORRETTA P00847851 7039086400 2014 2016-03-07 17:11:31Z USO FOUNDATION BOB FITCH 2111 WILSON BOULEVARD ARLINGTON VA 22201 76244352 false X HTTP://WWW.USO.ORG X 2007 DC The mission of the USO Foundation is to support the USO Inc's mission to lift the spirits of America's troops and their families. 6 6 0 6 0 0 0 0 0 3828304 13384124 0 0 3828304 13384124 0 0 0 0 0 0 0 0 0 255463 318949 255463 318949 3572841 13065175 65911620 69021419 35753 98662 65875867 68922757 THE MISSION OF THE USO FOUNDATION IS TO SUPPORT THE USO INC.'S MISSION TO LIFT THE SPIRITS OF AMERICA'S TROOPS AND THEIR FAMILIES. false false The Foundation supports the activities of USO, Inc. 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 relationsihp between U.S military communities and involved or supporting civilian organizations. true false false false false false false false false true false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 6 6 false false false false false true true true true false false true true true true true true false false false X KRISTINE SHUMACKVP CONTROLL 7039086497 2111 WILSON BLVD SUITE 1200 ARLINGTON VA 22201 X X BOB FITCH PRESIDENT 2.0 X X 0 0 0 JOHN GOTTSCHALK DIRECTOR 1.0 X 0 0 0 JED BECKER Director 1.0 2.0 X 0 0 0 THOMAS LYNCH Director 1.0 X 0 0 0 EDWARD T REILLY Director 1.0 2.0 X 0 0 0 William H Timbers Director 1.0 X 0 0 0 PHILIP PARISI TREASURER 2.0 50.0 X 0 264157 44406 KRISTINE SHUMACK SECRETARY 1.0 50.0 X 0 156019 41282 0 420176 85688 0 false true false MORGAN STANLEY 1585 BROADWAY NEW YORK NY 10036 FINANCIAL SERVICES 199176 1 0 0 1983498 1983498 0 0 0 0 0 74260854 62860228 11400626 11400626 11400626 0 0 0 0 13384124 13384124 0 0 0 0 0 0 0 0 0 0 0 0 19020 19020 0 0 299607 299607 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK FEES 225 225 MISCELLANEOUS EXPENSES 97 97 318949 0 318949 0 9841 9625 0 0 0 0 330568 79181 0 0 0 0 0 0 0 0 0 0 0 65571211 68932613 0 0 0 0 0 0 0 0 65911620 69021419 35753 98662 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35753 98662 X 23731474 24880398 16571470 18469436 25572923 25572923 65875867 68922757 65911620 69021419 13065175 -10018285 X false true X true true true X X 1 UNITED SERVICE ORGANIZATIONS INC 131610451 07 true 0 0 1 0 true false false false false false false false false false false false false false false true false 65895798 3378783 262787 69011794 59476238 6656396 236836 65895798 53804132 5900866 228760 59476238 54076088 -60987 210969 53804132 0 47208000 7041201 0 0 173113 54076088 0.36180 0.37060 0.26760 false false 0 0 X INTENDED USES OF ENDOWMENT FUNDS Schedule D, Part V, Line 4 THE BOARD DESIGNATED PORTION OF THE ENDOWMENT IS RESTRICTED TO ASSIST THE UNITED SERVICE ORGANIZATIONS, INC. ("USO, INC.") IN DELIVERING ITS PROGRAMS AND SERVICES FOR MANY YEARS INTO THE FUTURE. THESE BOARD DESIGNATED CONTRIBUTIONS AND INVESTMENT EARNINGS ARE AVAILABLE TO FUND OPERATIONS; HOWEVER, CONTRIBUTIONS/EARNINGS HAVE NOT BEEN SPENT TO DATE. THE RESTRICTED PORTION OF THE ENDOWMENT IS TO BE PUBLICLY HELD IN PERPETUITY, WITH EARNINGS AVAILABLE TO ASSIST THE USO IN DELIVERING PROGRAMS AND SERVICES FOR MANY YEARS INTO THE FUTURE. LIABILITY FOR UNCERTAIN TAX POSITIONS (ASC 740) SCHEDULE D, PART X, LINE 2 PURSUANT TO GAAP, THE FOUNDATION IS AUDITED AND REPORTED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF THE USO, INC. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014. THE USO IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) OF 1986, AS AMENDED, AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE USO'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. THE USO DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013. THEREFORE, NO TAX LIABILITY HAS BEEN PROVIDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. US GAAP REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE USO DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS FOR THE OPEN TAX YEARS. THE USO FILES INFORMATION TAX RETURNS IN THE US AND VARIOUS STATES. WITH FEW EXCEPTIONS, THE USO IS NO LONGER SUBJECT TO US FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. false false false false false false false false false PHILIP PARISI TREASURER 0 263752 0 0 0 405 0 23123 0 21283 0 308563 0 0 KRISTINE SHUMACK SECRETARY 0 155864 0 0 0 155 0 14980 0 26302 0 197301 0 0 Members or Stockholders Form 990, Part VI, Line 7a & 7b The board of directors of the Foundation are nominated by the Executive Committee of the USO, Inc. and are elected by the USO Inc.'s Board of Governors. Process for Reviewing Form 990 Form 990, Part VI, Line 11b 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 APRIL 2015. AN OUTSIDE ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. Conflict of Interest Policy Monitoring and Enforcement Form 990, Part VI, Line 12c THE CONFLICT OF INTEREST POLICY IS THE POLICY THAT REQUIRES THE USO, INC.'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 INC. 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 INC. OR THE FOUNDATION. THE BOARD HAS ESTABLISHED A POLICY WITH REFERENCE TO CONFLICTS OF INTEREST APPLICABLE TO THE BOARD. DISCLOLSURE OF POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE USO INC.'S CEO, CFO, AND OUTSIDE COUNSEL. ANY INDIVIDUALS THAT HAVE A CONFLICT OF INTEREST ARE PROHIBITED FROM DELIBERATIONS AND VOTING ON A TRANSACTION. Process for Determining Compensation Form 990, Part VI, Lines 15a & 15b THE COMPENSATION IS ESTABLISHED BY THE USO, INC. BOARD OF GOVERNORS AFTER AN INDEPENDENT, OUTSIDE REVIEW OF INDUSTRY SURVEYS, COMPENSATION STUDIES AND OTHER DATA TO ENSURE THAT EXECUTIVE COMPENSATION IS WITHIN THE RANGE OF THAT PAID TO COMPARABLE EXECUTIVES OF COMPARABLE ORGANIZATIONS FOR COMPARABLE SERVICES AND THEREFORE REASONABLE. THESE REVIEWS ARE PERFORMED ON A BIANNUAL BASIS BY AN INDEPENDENT OUTSIDE CONSULTANT FOR THE FOLLOWING POSITIONS: CEO, CFO, SVP ENTERTAINMENT/PROGRAMS, SVP OPERATIONS, SVP EXECUTIVE OFFICE, SVP DEVELOPMENT, SVP MARKETING AND COMMUNICATIONS, SVP HR, AND CHIEF OF STAFF. THE LAST REVIEW WAS PERFORMED IN 2014 FOR ALL POSITIONS LISTED AND ALL POSITIONS' COMPENSATION WAS FOUND TO BE WITHIN THE RANGE FOR COMPARABLE EXECUTIVES AT COMPARABLE ORGANIZATIONS. How Documents Are Made Available to the Public Form 990, Part VI, Line 19 CONSOLIDATED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE USO, INC'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE UPON REQUEST. Highest Compensated Employees Form 990, Part VII, Section A PHILIP PARISI (USO, INC. CFO) AND KRISTINE SHUMACK (USO, INC. VP CONTROLLER) ARE NOT A 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 MILITARY SUP. DC 501(c)(3) 7 NA false false false false false false false false false false false false false true true false false false false