2012-05-10T08:10:05-04:00 2011-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2011-01-01 208861567 USO FOUNDATION % KRISTINE SHUMACKVP CONTROLL USOF 7039086400 2111 WILSON BOULEVARD ARLINGTON VA 22201 PHILIP PARISI 7039086400 2012-05-09 true 7038477500 2011 2016-02-24 21:20:13Z JOHN GOTTSCHALK 2111 WILSON BOULEVARD 1200 ARLINGTON VA 22201 21515906 false 1291 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. 5 5 0 0 0 0 47208000 0 0 0 2191476 2939591 0 0 49399476 2939591 0 0 0 0 0 0 0 0 0 173329 220187 173329 220187 49226147 2719404 54086606 53813132 0 9000 54086606 53804132 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 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 false true 0 0 0 false false false false false false false false false false X 5 5 false false false false false true true true true false false true true true true true true false CT HI IL NJ OH PA SC TN VA WA X KRISTINE SHUMACKVP CONTROLLER 7039086497 2111 WILSON BLVD SUITE 1200 ARLINGTON VA 22201 X John Gottschalk 2.0 X X 0 0 0 Jed Becker 1.0 X 0 0 0 Bob Fitch 1.0 X 0 0 0 William Moll 1.0 X 0 0 0 Edward T Reilly 1.0 X 0 0 0 Philip Parisi 1.5 X 0 292867 40379 Jennifer Giglio 1.0 X 0 95228 17877 0 388095 58256 0 false true false Morgan Stanley 1585 Broadway NEW YORK NY 10036 Financial services 166434 1 0 0 1639786 1639786 0 0 19876120 18576315 1299805 1299805 1299805 0 0 0 0 2939591 0 2939591 0 0 0 0 0 0 0 0 0 0 0 0 8925 8925 0 0 210969 210969 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK FEES 218 218 OTHER 75 75 220187 0 220187 0 10518 10311 0 0 0 0 85711 81178 0 0 0 0 0 0 0 0 0 0 0 53990377 53721643 0 0 0 0 0 0 0 0 54086606 53813132 0 9000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9000 X 18963553 18782658 9550130 9448551 25572923 25572923 54086606 53804132 54086606 53813132 X 2719404 -3001878 X false true true X false X X X false false false UNITED SERVICE ORGANIZATIONS INC 131610451 07 true true true 0 1 54076088 -60987 210969 53804132 0 47208000 7041201 0 0 173113 54076088 0.34910 0.47530 0.17560 false false 0 0 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 THE BOARD DESIGNATED PORTION OF THE ENDOWMENT IS RESTRICTED TO ASSIST THE USO 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 Position (ASC 740) Schedule D, Part X, Line 2 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 RELATED TO USO'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. USO DID NOT HAVE ANY MATERIAL BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010. 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. USO does not believe its consolidated financial statements include any uncertain tax positions for the open tax years. false false false false false false false false false Philip Parisi 0 243282 0 49000 0 585 0 23763 0 16616 0 333246 0 0 Members or Stockholders Who May Elect Form 990, Part VI, Line 7a 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 Review Process 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 2012. AN OUTSIDE ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c THE CONFLICT OF INTEREST POLICY IS THE POLICY THAT REQUIRES 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 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. THE BOARD HAS ESTABLISHED A POLICY WITH REFERENCE TO CONFLICTS OF INTEREST APPLICABLE TO THE BOARD. DISCLSOURE OF POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY 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. How Documents are Made Available to the Public Form 990, Part VI, Line 19 Consolidated financial statements are made available on the USO, Inc. website. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE MADE AVAILABLE UPON REQUEST. Form 990, Part XI, Question 5 EXPLANATION OF OTHER CHANGES IN NET ASSETS: UNREALIZED LOSS: -3,001,878 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jed Becker TITLE:Director HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Philip Parisi TITLE:Treasurer HOURS:50 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jennifer Giglio TITLE:Secretary HOURS:40 USO 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 true true false false false false USO Inc m 8000 USO Inc n 40490