The Coast Guard Foundation: - supports Coast Guard members through education, morale, wellness, and recognition programs that honor their service to america. - empowers Coast Guard spouses with 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 and technical school a reality, enrichment grants that help them attend camps, 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 or when a family member dies, and emergency relief when they suffer a significant loss during a natural disaster.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.6M a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $16.2M in investments, Pt X · Ln 11–13
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $72K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.5M
+10% vs prior year
Spent
$11.3M
To programs
70%
Net assets
$17.9M
By yearFY2020–FY2025
Revenue
$11.5M
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.5M
FY2021$10.4M
FY2022$11.5M
FY2023$11.8M
FY2024$12.5M
FY2025$17.3M
Expenses
$11.3M
FY2022▲ +47%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$7.7M
FY2022$11.3M
FY2023$10.8M
FY2024$12.5M
FY2025$12.6M
Net assets
$17.9M
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.8M
FY2021$20.8M
FY2022$17.9M
FY2023$20.3M
FY2024$21.6M
FY2025$27.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $7.9M Management & general 9% · $979K Fundraising 21% · $2.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

81 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$241,415Pt VII · Sec A
Senior VP of Development
$180,723Pt VII · Sec A
External Engagement Office
$173,754Pt VII · Sec A
Regional Dir of Philanthro
$158,397Pt VII · Sec A
Regional Dir of Philanthro
$154,715Pt VII · Sec A
Regional Dir of Philanthro
$153,401Pt VII · Sec A
Regional Dir of Philanthro
$150,493Pt VII · Sec A
Director of Finance and Ac
$147,750Pt VII · Sec A

Susan Ludwig’s $401K as President is at the 68th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Susan Ludwig$400,821$350,265$272,978$241,415$224,255$222,560
Brad Sisley$234,501$194,846$189,558$180,723$175,429$175,982
Ron Labrec$224,613$191,042$181,923$173,754$162,844$152,390
Brian Overcast$192,802$171,446$162,429$150,493$132,424$135,964
Victor Stanescu$188,544—————
Linda Naugle$187,967$176,033$166,221$158,397$154,091$153,271
Marc Cregan$182,507$165,969$162,367$154,715$150,427$151,285
Brian E Klinzing$173,493—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Coast Guard Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides emergency financial relief, disaster grants, and morale support to Coast Guard members and their families during times of crisis, injury, or loss.

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Provided by the organization

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3 programs · $6.7M · in their own filed words · FY2022
01

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, as well as resiliency training and retreats, we promote morale and wellness initiatives.

$4.7Mprogram expense
02

Support to Coast Guard Families

The coast guard foundation provides grants and 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 recreation facilities.

$1.6Mprogram expense
03

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.

$418Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$72K
See all 3 funders →
Grants paid · 82 grants · $31.7M · 2020–2025
United States Coast GuardFY2025$2,327,222
United States Coast GuardFY2025$1,167,549
Unitemized GrantFY2025$1,028,263
United States Coast GuardFY2025$411,842
United States Coast GuardFY2025$374,855
Unitemized GrantFY2025$235,840
United States Coast GuardFY2025$99,164
Unitemized GrantFY2025$59,494
United States Coast GuardFY2025$21,422
United States Coast GuardFY2024$1,812,913
United States Coast GuardFY2024$1,812,913
United States Coast GuardFY2024$943,184
United States Coast GuardFY2024$943,184
Unitemized GrantFY2024$814,092
Unitemized GrantFY2024$814,092
United States Coast GuardFY2024$395,279
See all 82 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$11.5M
Ln 12
Gifts and grantsLn 1h$11.3M
Investment incomeLn 3$865K
Money outPt IX
$11.3M
Ln 25
Programscol B$7.9M
Managementcol C$979K
Fundraisingcol D$2.4M
Owns and owesPt X
$17.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$21.0M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
81
listed · VII A
PaidVII A9
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.3M
Noncash giftsLn 1g$349K
Fundraising eventsLn 1c$2.7M
Investment incomeLn 3$865K
Gains on assetsLn 7$173K
Total revenueLn 12$11.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$985K
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$16.2M
Land, buildings, equipmentLn 10c$519K
Total assetsLn 16$21.0M
LiabilitiesLn 26$3.1M
Net assetsLn 32$17.9M
OperationsPt I, VI
EmployeesI 523
VolunteersI 6112
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.3M$2.1M
InvestmentsLn 11–13$16.8M$16.2M
Land, buildings, equipmentLn 10c$452K$519K
Total assetsLn 16$21.6M$21.0M
LiabilitiesLn 26$849K$3.1M
Net assetsLn 32$20.8M$17.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.6M$4.6M
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$766K$422K$196K$148K
Other salaries and wagesLn 7$1.4M$613K$274K$541K
Pension plan contributionsLn 8$79K$37K$16K$25K
Other employee benefitsLn 9$152K$70K$29K$53K
Payroll taxesLn 10$114K$69K$31K$14K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$45K$45K
Professional fundraising feesLn 11e$481K$481K
Investment management feesLn 11f$40K$40K
Other fees for servicesLn 11g$330K$70K$62K$198K
Advertising and promotionLn 12$412K$252K$159K
Information technologyLn 14$113K$37K$26K$51K
OccupancyLn 16$110K$66K$32K$12K
Conferences, conventions and meetingsLn 19$218K$56K$65K$97K
Depreciation, depletion and amortizationLn 22$33K$19K$8K$6K
Other expenses (24a–d)Ln 24$1.1M$407K$130K$586K
Total functional expensesLn 25$11.3M$7.9M$979K$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $17.3M$12.6M$4.7M$27.7M 990 PDF
FY2024 $12.5M$12.5M$5K$21.6M 990 PDF
FY2023 $11.8M$10.8M$969K$20.3M 990 PDF
FY2022 Viewing $11.5M$11.3M$223K$17.9M 990 PDF
FY2021 $10.4M$7.7M$2.7M$20.8M 990 PDF
FY2020 $7.5M$6.6M$895K$17.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $11,479,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,604,919$11,251,377
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,082,459$865,022
I-11 Other revenuePrior year −$281,364−$636,569
I-12 Total revenuePrior year $10,406,014$11,479,830
I-13 Grants and similar amounts paidPrior year $3,148,891$5,787,298
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,380,583$2,539,341
I-16a Professional fundraising feesPrior year $270,396$480,693
I-17 Other expensesPrior year $1,863,143$2,449,035
I-18 Total expensesPrior year $7,663,013$11,256,367
I-19 Revenue less expensesPrior year $2,743,001$223,463
Part VI · Governance 27 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,479,830 across 10 lines filed
VIII-1a Federated campaigns$15,132
VIII-1c Fundraising events$2,677,764
VIII-1f All other contributions, gifts and grants$8,558,481
VIII-1g Noncash contributions (included above)$349,195
VIII-1h Total contributions, gifts and grants$11,251,377
VIII-3 Investment incomeExcluded from tax $692,410$692,410
VIII-7 Net gain or loss on sales of assetsExcluded from tax $172,612$172,612
VIII-8 Net income from fundraising eventsExcluded from tax −$681,970−$681,970
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,401$45,401
VIII-12 Total revenueRelated to mission $45,401 · Unrelated business $0 · Excluded from tax $183,052$11,479,830
Part IX · Statement of functional expenses $11,256,367 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $4,636,285$4,636,285
IX-2 Grants to domestic individualsPrograms $1,151,013$1,151,013
IX-5 Pay of current officers, directors and key staffPrograms $422,454 · Management $196,110 · Fundraising $147,791$766,355
IX-7 Other salaries and wagesPrograms $613,112 · Management $274,185 · Fundraising $540,986$1,428,283
IX-8 Pension plan contributionsPrograms $37,498 · Management $16,189 · Fundraising $24,825$78,512
IX-9 Other employee benefitsPrograms $70,443 · Management $28,654 · Fundraising $52,635$151,732
IX-10 Payroll taxesPrograms $69,393 · Management $30,800 · Fundraising $14,266$114,459
IX-11b Legal feesManagement $25,179$25,179
IX-11c Accounting feesManagement $45,488$45,488
IX-11e Professional fundraising feesFundraising $480,693$480,693
IX-11f Investment management feesManagement $40,000$40,000
IX-11g Other fees for servicesPrograms $70,230 · Management $62,033 · Fundraising $197,677$329,940
IX-12 Advertising and promotionPrograms $252,306 · Fundraising $159,453$411,759
IX-14 Information technologyPrograms $36,522 · Management $26,002 · Fundraising $50,673$113,197
IX-16 OccupancyPrograms $66,352 · Management $31,506 · Fundraising $12,345$110,203
IX-19 Conferences, conventions and meetingsPrograms $56,075 · Management $64,519 · Fundraising $97,249$217,843
IX-22 Depreciation, depletion and amortizationPrograms $18,510 · Management $7,892 · Fundraising $6,398$32,800
IX-24 Other expenses (24a–d)Programs $406,512 · Management $130,017 · Fundraising $586,097$1,122,626
IX-25 Total functional expensesPrograms $7,906,705 · Management $978,574 · Fundraising $2,371,088$11,256,367
Part X · Balance sheet $21,004,105 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,318,831$1,158,273
X-2 Savings and temporary cash investmentsStart of year $1,971,738$984,538
X-3 Pledges and grants receivableStart of year $957,406$1,773,842
X-4 Accounts receivableStart of year $1,930$4,839
X-8 Inventories for sale or useStart of year $35,285$31,327
X-9 Prepaid expenses and deferred chargesStart of year $111,652$345,436
X-10c Land, buildings and equipment, netStart of year $451,986$518,801
X-11 Publicly traded securitiesStart of year $16,781,634$15,912,727
X-12 Other securities$274,322
X-16 Total assetsStart of year $21,630,462$21,004,105
X-17 Accounts payable and accrued expensesStart of year $395,757$319,168
X-19 Deferred revenueStart of year $453,005$511,845
X-25 Other liabilitiesStart of year $0$2,309,241
X-26 Total liabilitiesStart of year $848,762$3,140,254
X-27 Net assets without donor restrictionsStart of year $6,005,917$3,457,671
X-28 Net assets with donor restrictionsStart of year $14,775,783$14,406,180
X-32 Total net assets or fund balancesStart of year $20,781,700$17,863,851
X-33 Total liabilities and net assetsStart of year $21,630,462$21,004,105
Part XI · Reconciliation of net assets $17,863,851 net assets at year end
XI-1 Total revenue$11,479,830
XI-2 Total expenses$11,256,367
XI-3 Revenue less expenses$223,463
XI-4 Net assets at start of year$20,781,700
XI-5 Net unrealized gains (losses) on investments−$3,141,312
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,863,851

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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