2011-05-13T09:44:46-05:00 2010-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2010-01-01 208861567 USO FOUNDATION USOF 7039086400 2111 WILSON BOULEVARD ARLINGTON VA 222013052 Philip Parisi 2011-05-13 true Cindy Anapolsky 7038477500 2010 2016-02-24 21:20:13Z JOHN Gottschalk 2111 WILSON BLVD 1200 ARLINGTON VA 22201 51590566 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. 4 4 0 0 0 0 47208000 0 11 2191476 0 11 49399476 0 0 0 0 0 172 173329 172 173329 -161 49226147 10721 54086606 0 0 10721 54086606 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/OR TO CREATE A COOPERATIVE RELATIONSIHP BETWEEN U.S MILITARY COMMUNITIES AND INVOLVED OR SUPPORTING CIVILIAN ORGANIZATIONS. 0 true 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 true false false false false true false false false false true 0 0 0 false false false false false false false false false false false X 4 4 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 JOHN GOTTSCHALK 2.0 X 0 0 0 WILLIAM MOLL 1.0 X 0 0 0 JED BECKER 1.0 X 0 0 0 Bob Fitch 1.0 X 0 0 0 PHILIP PARISI 1.5 X 0 260921 35130 0 260921 35130 0 false true false MORGAN STANLEY 1585 BROADWAY NEW YORK NY 10036 Financial Services 136044 1 47208000 16668664 47208000 0 1539798 1539798 0 0 2842768 2191090 651678 651678 651678 0 0 0 0 49399476 2191476 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 173113 173113 0 0 0 0 0 0 0 0 0 0 0 0 0 BANK FEES 216 216 173329 0 173329 0 10721 10518 0 85711 53990377 10721 54086606 0 0 0 0 X 10721 18963553 9550130 25572923 10721 54086606 10721 54086606 X 49226147 4849738 X false true true X false X X X false false false UNITED SERVICE ORGANIZATIONS INC 131610451 07 true true true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 47208000 7041201 0 0 173113 54076088 0.35050 0.47290 0.17660 false false 0 0 Schedule D, Part V, Question 4 Intended uses of of the endowment funds 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. Schedule D, Part X, Line 2 FIN 48 LIABILITY 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, 2010 AND 2009. THEREFORE, NO TAX LIABILITY HAS BEEN PROVIDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. false false false false false false false false false PHILIP PARISI 0 235531 0 25000 0 390 0 19110 0 16020 0 296051 X 115 16668664 Cost/Selling Price 0 false false false Form 990, Part VI, Question 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, Part VI, Question 11b Review of 990: AN ELECTRONIC COPY OF THE DRAFT 990 WAS PROVIDED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES PRIOR TO ITS FILING WITH THE IRS. DISCUSSION AND INQUIRIES SURROUNDING THE DRAFT 990 WERE FACILITATED BY THE TREASURER. THE PROCESS WAS CONDUCTED IN MAY 2011. An outside accounting firm prepares and reviews the Form 990. Form 990, Part VI, Question 12c Compliance With Conflict of Interest Policies: 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. Form 990, Part VI, Question 13 and 14 The whistleblower and document retention policies: The USO Foundation has been operating under USO, Inc.'s written whistleblower and document retention and destruction policies and on April 28,2011 formally adopted these policies as its own. Form 990, Part VI, Question 19 How the organization makes its documents available to the public: The governing documents and conflict of interest policies are made available upon request. Form 990, Part VII average work hours per week of Philip Parisi: Philip Parisi works 1.5 hours per week for USO Foundation. He also works 50 hours per week for USO, Inc., a related entity. Form 990, Part XI, Question 5 EXPLANATION OF OTHER CHANGES IN NET ASSETS: UNREALIZED GAIN: 4,849,738 USO Inc 2111 Wilson Blvd Suite 1200 Arlington VA 22201 131610451 MILITARY SUP. DC 501(c)(3) 7 false false false true false false false false false false false false false true true false false false false USO INC M,N 40602 USO INC C 47208000 Schedule R, Part V, Line 2 Transaction C ON JANUARY 20, 2010 AND FEBRUARY 2, 2010, THE $47,208,000 OF FUNDS CONSTITUTING THE CORPUS OF THE "SPIRIT OF HOPE ENDOWMENT" WERE TRANSFERRED TO THE FOUNDATION.