Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $185,821

• 1d · Related organizations

  $560,222

• 1f · All other contributions, gifts and grants

  $697,574

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $185,821

• 8b · Fundraising events: direct expenses

  $37,859

• 8c · Net income from fundraising events

  total -$37,859 · excluded -$37,859

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $94,997 · program services $94,997

• 2 · Grants to domestic individuals

  total $136,250 · program services $136,250

• 7 · Other salaries and wages

  total $764,059 · program services $582,846 · management and general $95,308 · fundraising $85,905

• 9 · Other employee benefits

  total $144,571 · program services $110,283 · management and general $18,034 · fundraising $16,254

• 10 · Payroll taxes

  total $53,932 · program services $41,141 · management and general $6,727 · fundraising $6,064

• 11c · Fees: accounting

  total $5,713 · management and general $5,713

• 11g · Fees: other

  total $27,966 · program services $16,299 · management and general $11,667

• 12 · Advertising and promotion

  total $18,601 · fundraising $18,601

• 13 · Office expenses

  total $36,877 · program services $2,649 · fundraising $34,228

• 14 · Information technology

  total $5,490 · program services $390 · fundraising $5,100

• 17 · Travel

  total $59,498 · program services $39,785 · management and general $1,713 · fundraising $18,000

• 19 · Conferences, conventions and meetings

  total $10,827 · program services $10,811 · management and general $16

• 24a · Other expenses: POSTAGE & MAIL HOUSE

  total $32,198 · program services $219 · management and general $2,699 · fundraising $29,280

• 24b · Other expenses: BANKING AND MERCHANT

  total $13,273 · management and general $13,241 · fundraising $32

• 24c · Other expenses: OTHER EXPENSES

  total $3,200 · management and general $3,200

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $505,858 · end of year $1,006,810

• 4 · Accounts receivable

  beginning of year $1,742 · end of year $34,968

• 9 · Prepaid expenses and deferred charges

  end of year $30,697

• 15 · Other assets

  beginning of year $0 · end of year $645,439

• 17 · Accounts payable and accrued expenses

  beginning of year $17,744 · end of year $25

• 19 · Deferred revenue

  end of year $10,500

• 25 · Other liabilities

  beginning of year $0 · end of year $1,219,227

• 27 · Net assets without donor restrictions

  beginning of year $482,061 · end of year $450,008

• 28 · Net assets with donor restrictions

  beginning of year $7,795 · end of year $38,154

The filer's explanations (Part III)

PART I, LINE 4

THE MOAA FOUNDATION (TMF) DOES NOT DIRECTLY COMPENSATE ANY OFFICERS, DIRECTORS, EMPLOYEES OR BOARD MEMBERS BUT RECEIVES ALL STAFF SUPPORT FROM THE MILITARY OFFICERS ASSOCIATION OF AMERICA (MOAA). SALARIES OF MOAA OFFICERS AND EMPLOYEES WHO SUPPORT TMF ARE ALLOCATED ON A PERCENTAGE OF TIME SPENT BASIS. ALL OF THE OFFICERS AND EMPLOYEES OF MOAA SUPPORT BOTH ORGANIZATIONS, AS WELL AS THE SCHOLARSHIP FUND. THE MILITARY OFFICERS ASSOCIATION OF AMERICA UTILIZED THE FOLLOWING WHEN ESTABLISHING COMPENSATION: THE CHAIRMAN OF THE BOARD APPOINTS A PRESIDENTIAL ASSESSMENT COMMITTEE TO EVALUATE THE CEO'S PERFORMANCE ALIGNED WITH OUR STRATEGIC GOALS USING DATA, INPUT FROM THE CEO, CORPORATE OFFICERS AND VICE PRESIDENTS, AND BOARD MEMBER FEEDBACK. ASSESSMENT COMMITTEE RELAYS ITS FINDINGS TO THE COMPENSATION COMMITTEE WHICH USES FORMS 990 FROM OTHER MILITARY VETERAN NON-PROFITS; AND SALARY SURVEY DATA FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES' (ASAE) ASSOCIATION AND COMPENSATION STUDY, ASSOCIATIONS TRENDS, THE COMPENSATION REPORT, AMONG OTHERS, TO DETERMINE FAIR AND REASONABLE COMPENSATION FOR THE PRESIDENT. ASAE, FOR EXAMPLE, PUBLISHES AN ANNUAL NATIONAL COMPENSATION SURVEY OF PROFESSIONAL ASSOCIATIONS THAT TAKES INTO ACCOUNT THE SCOPE AND SIZE OF THE ASSOCIATION; TYPE OF INDUSTRY; ANNUAL GROSS REVENUES AND LOCATION OF ASSOCIATION HEADQUARTERS. COMPENSATION COMMITTEE THEN MEETS AND REVIEWS ALL COMPARABILITY DATA; AND RECOMMENDS ANNUAL COMPENSATION TO THE ENTIRE BOARD WHO DELIBERATE, DOCUMENT, AND APPROVE THE PRESIDENT'S ANNUAL COMPENSATION. MINUTES OF BOTH THE COMPENSATION COMMITTEE AND CLOSED BOARD DELIBERATIONS ARE DOCUMENTED. THE PROCESS WAS LAST UNDERTAKEN IN 2023. FOR OTHER OFFICERS, VICE-PRESIDENTS AND KEY EMPLOYEES, HUMAN RESOURCES REVIEWS COMPETITIVE MARKET ANALYSIS BY AN INDEPENDENT CONSULTANT (PRM CONSULTING) WHICH DETERMINES THE APPROPRIATE PAY CORRIDOR FOR EACH POSITION. PRM MATCHES MOAA POSITION DESCRIPTIONS TO THE SAME OR SIMILAR POSITIONS COVERED IN THE MOST RELEVANT PUBLISHED PAY SURVEYS. ONCE MATCHED, MOAA IS GIVEN A COMPETITIVE CORRIDOR FOR EACH POSITION. PERFORMANCE EVALUATIONS ARE ALSO USED IN DETERMINING COMPENSATION. COMPENSATION COMMITTEE THEN MEETS AND REVIEWS COMPARABILITY DATA; AND RECOMMENDS PERCENT INCREASE TO THE PERSONNEL BUDGET LINE TO THE ENTIRE BOARD FOR DELIBERATION AND APPROVAL. MINUTES OF BOTH THE COMPENSATION COMMITTEE AND CLOSED BOARD DELIBERATIONS ARE DOCUMENTED. ONCE APPROVED, THE PRESIDENT THEN DETERMINES COMPENSATION FOR OTHER OFFICERS, VICE-PRESIDENTS AND KEY EMPLOYEES WITHIN BOARD GUIDELINES AND INTENT. THE PROCESS WAS LAST UNDERTAKEN IN 2023.