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Usea Foundation FY2023 filing

Tax-deductible

Leesburg, VA501(c)(3)Since 1991Foundations & Grantmakers EIN 04-6700121Revenue $955K in FY2023

On file with the IRSuseafoundation.org525 Old Waterford Rd Nw, 20176-2050 · Leesburg, VATax-exempt since May 1992Supporting organization — 509(a)(3)

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To protect and preserve the sport of eventing for future generations and to provide support for the core educational, safety and equine welfare programs of the Usea. In addition, the Foundation administers educational grants for riders with the intent of preparing them to reach their goals.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
5 of 6
filings with a surplus
Average surplus $247K a year · 34% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $48K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$152K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$955K
+59% vs prior year
Spent
$449K
To programs
88%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$955K
FY2023▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$651K
FY2021$717K
FY2022$599K
FY2023$955K
FY2024$452K
FY2025$964K
Expenses
$449K
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$542K
FY2021$357K
FY2022$385K
FY2023$449K
FY2024$475K
FY2025$650K
Net assets
$2.8M
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.3M
FY2023$2.8M
FY2024$3.0M
FY2025$3.3M

From the FY2023 Form 990 (year ending November 2023) · see the original

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You’re viewing the FY2023 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 1992.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $396K Management & general 8% · $36K Fundraising 4% · $17K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Markell
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Usea Foundation 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 15aNo

Programs and updates

Promotes and supports the sport of equestrian eventing across the United States.

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Provided by the organization

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1 program · $396K · in their own filed words · FY2022
01

To carry out the charitable purposes and support educational activities of the united states eventing association (usea)

$396Kprogram 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
Elliott Family FoundationFY2025$48K
Total grants receivedfrom 1 funder$48K
Grants paid · 6 grants · $2.4M · 2019–2024
Unitemized GrantFY2024$556,015
Unitemized GrantFY2023$415,026
Unitemized GrantFY2022$396,145
Unitemized GrantFY2021$333,892
Unitemized GrantFY2020$323,274
Unitemized GrantFY2019$333,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$955K
Ln 12
Gifts and grantsLn 1h$792K
Investment incomeLn 3$157K
Other incomeLn 4–11$6K
Money outPt IX
$449K
Ln 25
Programscol B$396K
Managementcol C$36K
Fundraisingcol D$17K
Owns and owesPt X
$2.8M
net assets · Ln 32
Total assetsLn 16$2.9M
LiabilitiesLn 26$152K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$792K
Investment incomeLn 3$157K
Other incomeLn 4–11$6K
Gains on assetsLn 7$68K
Total revenueLn 12$955K
Assets in detailPt X, end of year
InvestmentsLn 11–13$2.9M
Total assetsLn 16$2.9M
LiabilitiesLn 26$152K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderNovember
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 FY23End FY23
InvestmentsLn 11–13$2.6M$2.9M
Total assetsLn 16$2.6M$2.9M
LiabilitiesLn 26$292K$152K
Net assetsLn 32$2.3M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$396K$396K
Legal feesLn 11b$1K$1K
Investment management feesLn 11f$14K$14K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$273$273
Depreciation, depletion and amortizationLn 22$210$210
Other expenses (24a–d)Ln 24$30K$13K$17K
Total functional expensesLn 25$449K$396K$36K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $964K$650K$314K$3.3M 990 PDF
FY2024 $452K$475K−$23K$3.0M 990 PDF
FY2023 Viewing $955K$449K$505K$2.8M 990 PDF
FY2022 $599K$385K$214K$2.3M 990 PDF
FY2021 $717K$357K$360K$2.3M 990 PDF
FY2020 $651K$542K$109K$2.0M 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 O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $954,521 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $522,836$791,568
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $75,816$156,793
I-11 Other revenuePrior year $0$6,160
I-12 Total revenuePrior year $598,652$954,521
I-13 Grants and similar amounts paidPrior year $333,892$396,145
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,131$53,047
I-18 Total expensesPrior year $385,023$449,192
I-19 Revenue less expensesPrior year $213,629$505,329
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $954,521 across 6 lines filed
VIII-1f All other contributions, gifts and grants$791,568
VIII-1h Total contributions, gifts and grants$791,568
VIII-3 Investment incomeExcluded from tax $88,656$88,656
VIII-7 Net gain or loss on sales of assetsExcluded from tax $68,137$68,137
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,160$6,160
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $162,953$954,521
Part IX · Statement of functional expenses $449,192 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $396,145$396,145
IX-11b Legal feesManagement $1,000$1,000
IX-11f Investment management feesManagement $14,204$14,204
IX-12 Advertising and promotionManagement $7,000$7,000
IX-13 Office expensesManagement $273$273
IX-22 Depreciation, depletion and amortizationManagement $210$210
IX-24 Other expenses (24a–d)Management $13,230 · Fundraising $17,130$30,360
IX-25 Total functional expensesPrograms $396,145 · Management $35,917 · Fundraising $17,130$449,192
Part X · Balance sheet $2,905,242 assets, 9 lines filed
X-9 Prepaid expenses and deferred chargesStart of year $5,309$0
X-11 Publicly traded securitiesStart of year $2,552,380$2,905,242
X-16 Total assetsStart of year $2,557,689$2,905,242
X-25 Other liabilitiesStart of year $291,569$152,219
X-26 Total liabilitiesStart of year $291,569$152,219
X-27 Net assets without donor restrictionsStart of year $233,771$373,518
X-28 Net assets with donor restrictionsStart of year $2,032,349$2,379,505
X-32 Total net assets or fund balancesStart of year $2,266,120$2,753,023
X-33 Total liabilities and net assetsStart of year $2,557,689$2,905,242
Part XI · Reconciliation of net assets $2,753,023 net assets at year end
XI-1 Total revenue$954,521
XI-2 Total expenses$449,192
XI-3 Revenue less expenses$505,329
XI-4 Net assets at start of year$2,266,120
XI-5 Net unrealized gains (losses) on investments−$18,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,753,023

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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