Nonprofit · EIN 20-2303140
THE USAA FOUNDATION INC
Tax-exempt · SAN ANTONIO, TX 78288
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $22,557,097 | $8,309,737 | $14,247,360 | $130,247,273 | $0 | $130,247,273 |
| December 31, 2023 | 990-PF | $8,456,521 | $8,145,590 | $310,931 | $115,999,913 | $0 | $115,999,913 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,000,000
- Dividends
- $4,425,348
- Net gain from sales of assets
- $3,131,749
Expenses
- Grants and similar amounts paid
- $8,100,000
- Disbursements for charitable purposes
- $8,100,000
- Excise tax on investment income
- $103,546
Balance sheet and other
- Total assets, start of year
- $115,999,913
- Total assets, end of year
- $130,247,273
- Total liabilities, end of year
- $0
- Net assets, end of year
- $130,247,273
- Fair market value of assets
- $168,759,255
- Qualifying distributions
- $8,100,000
- Net investment income
- $7,557,097
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ameesh Vakharia 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Chair | 0.25 | $0 |
| Lindsey ONeill 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Vice Chair | 0.25 | $0 |
| Brad Weber 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Treasurer | 0.25 | $0 |
| David Cummings 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director | 0.25 | $0 |
| Dan Goldenberg 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director | 0.25 | $0 |
| Michael Linnington 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director | 0.25 | $0 |
| Celie Niehaus 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director | 0.25 | $0 |
| Dana A Simmons 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director | 0.25 | $0 |
| Mary Stork 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director | 0.25 | $0 |
| Justin D Schmitt 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | President | 6 | $0 |
| Duke Nave 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Finance Officer | 0.25 | $0 |
| Renee Joseph 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Risk Officer | 0.25 | $0 |
| Suzanne Friday 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Secretary | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMEESH VAKHARIA 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | CHAIR | 0.25 | $0 |
| BRAD WEBER 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | TREASURER | 0.25 | $0 |
| DAVID CUMMINGS 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | DIRECTOR | 0.25 | $0 |
| DANA A SIMMONS 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | DIRECTOR | 0.25 | $0 |
| MARY STORK 9800 FREDERICKSBURG RD, San Antonio, TX 782880115 | DIRECTOR | 0.25 | $0 |
| LINDSEY O'NEILL 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Director/PRESIDENT | 0.25 | $0 |
| Justin D Schmitt 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Assistant Vice President | 6 | $0 |
| DOUG MONSKA 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | Tax Officer | 0.25 | $0 |
| MELINDA BLUNDELL 9800 FREDERICKSBURG RD, SAN ANTONIO, TX 782880115 | SECRETARY END: 03/2023 | 0.25 | $0 |
| CELIE NIEHAUS 9800 FREDERICKSBURG RD, San Antonio, TX 78288 | Director | 0.25 | $0 |
| SUZANNE FRIDAY 9800 FREDERICKSBURG RD, San Antonio, TX 78288 | SECRETARY START: 03/2023 | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 9800 FREDERICKSBERG RD, SAN ANTONIO, TX 78288-0001
- In care of
- % DUKE NAVE CPA CGMA
- Signed the 990-PF
- Duke Nave, Finance Officer
- Phone
- (800) 531-8722
- Return prepared by
- Forvis Mazars LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-2303140
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $130,247,273
- Income (IRS master file)
- $34,477,174
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $22,557,097 | $8,309,737 | $130,247,273 | XML |
| 990-PF | December 2023 | $8,456,521 | $8,145,590 | $115,999,913 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2303140).
Questions about THE USAA FOUNDATION INC
- What is the EIN of THE USAA FOUNDATION INC?
- The employer identification number (EIN) of THE USAA FOUNDATION INC is 20-2303140.
- Is THE USAA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to THE USAA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE USAA FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE USAA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE USAA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE USAA FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does THE USAA FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $22,557,097, expenses of $8,309,737 and total assets of $130,247,273 at year end.
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