Totals
- Total revenue
- $3,614,114
- Total expenses
- $3,245,152
- Contributions and grants received
- $2,247,404
- Grants paid
- $67,200
- Program service revenue
- $0
- Investment income
- -$120
- Other revenue
- $1,366,830
- Total assets, end of year
- $1,940,869
- Total liabilities, end of year
- $158,765
- Net assets or fund balances, end of year
- $1,782,104
- Program services expenses (Part IX)
- $2,241,905
- Management and general expenses
- $637,879
- Fundraising expenses
- $365,368
- Program service expenses (Part III)
- $2,241,905
Program services were 69.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$432,701
-
1f · All other contributions, gifts and grants
$1,814,703
-
1g · Noncash contributions included above
$39,871
-
3 · Investment income
total $219 · excluded $219
-
7b · Less cost or other basis and sales expenses
other assets $339
-
7c · Gain or loss
other assets -$339
-
7d · Net gain or loss
total -$339 · excluded -$339
-
8a · Fundraising events: gross income
$2,592,283
-
8a · Fundraising events: contributions included on line 1c
$432,701
-
8b · Fundraising events: direct expenses
$1,209,453
-
8c · Net income from fundraising events
total $1,382,830 · excluded $1,382,830
-
10a · Gross sales of inventory
$1,996
-
10b · Cost of goods sold
$17,996
-
10c · Net income from sales of inventory
total -$16,000 · excluded -$16,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $67,200 · program services $67,200
-
5 · Compensation of officers, directors and key employees
total $299,250 · program services $225,225 · management and general $58,275 · fundraising $15,750
-
7 · Other salaries and wages
total $865,812 · program services $395,086 · management and general $217,771 · fundraising $252,955
-
10 · Payroll taxes
total $97,808 · program services $52,317 · management and general $23,317 · fundraising $22,174
-
11b · Fees: legal
total $2,956 · management and general $2,956
-
11c · Fees: accounting
total $30,395 · management and general $30,395
-
11g · Fees: other
total $147,539 · management and general $79,004 · fundraising $68,535
-
12 · Advertising and promotion
total $93,523 · management and general $93,523
-
13 · Office expenses
total $122,054 · management and general $122,054
-
14 · Information technology
total $30,222 · program services $30,222
-
16 · Occupancy
total $8,133 · program services $8,133
-
17 · Travel
total $47,708 · program services $47,708
-
22 · Depreciation, depletion and amortization
total $1,793 · program services $1,793
-
23 · Insurance
total $12,432 · program services $1,062 · management and general $10,584 · fundraising $786
-
24a · Other expenses: SUPPORT SERVICES
total $1,413,159 · program services $1,413,159
-
24b · Other expenses: BAD DEBT EXPENSE
total $5,168 · fundraising $5,168
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $400,416 · end of year $556,356
-
2 · Savings and temporary cash investments
beginning of year $946,073 · end of year $1,290,889
-
4 · Accounts receivable
end of year $30,400
-
8 · Inventories for sale or use
beginning of year $34,457 · end of year $5,522
-
9 · Prepaid expenses and deferred charges
beginning of year $24,117 · end of year $55,921
-
10a · Land, buildings and equipment: cost or other basis
$23,189
-
10b · Land, buildings and equipment: accumulated depreciation
$21,408
-
10c · Land, buildings and equipment, net
beginning of year $3,913 · end of year $1,781
-
15 · Other assets
beginning of year $550 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $48,293 · end of year $158,765
-
27 · Net assets without donor restrictions
beginning of year $1,361,233 · end of year $1,517,104
-
28 · Net assets with donor restrictions
end of year $265,000
Mission and programs · 2023
Mission
THE MISSION OF THE SEAL FUTURE FOUNDATION IS TO PROVIDE NAVY SEALS A FOUNDATION THAT SUPPORTS THEIR WELL-BEING, EDUCATION, AND CAREER TO CONTINUE A LIFE OF SERVICE WITHIN THEIR COMMUNITIES.
Activities or mission (Part I)
TO PROVIDE NAVY SEALS A FOUNDATION THAT SUPPORTS THEIR WELL-BEING, EDUCATION, AND CAREER TO CONTINUE A LIFE OF SERVICE WITHIN THEIR COMMUNITIES.
-
DURING THE REPORTING YEAR, THE ORGANIZATION PROVIDED ITS FOUR PILLARS OF PROGRAMS AND SERVICES (CAREER, EDUCATION, HEALTH, AND COMMUNITY) TO 938 NEW SEALS FOR TOTAL OF 5,034 SEALS SERVED SINCE INCEPTION. THE ORGANIZATION EXPERIENCED IN 100% TRANSITION SUCCESS RATE.
Expenses $2,241,905 · Grants $67,200
As filed on the 2023 return.
Listed in Part VII
-
Jonathan WilsonJONATHAN WILSON
CHAIRMAN (THRU 1/23)
- Total calculated
- $0
- Hours/week
- 40
-
Bradford PetersBRADFORD PETERS
CHAIRMAN (EFF 1/23)
- Total calculated
- $0
- Hours/week
- 1
-
Steven MorenoSTEVEN MORENO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil JohnstonPHIL JOHNSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris AnthonyCHRIS ANTHONY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Denise Bottigieri PhDDENISE BOTTIGIERI PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John McMahonJOHN MCMAHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stenn PartonSTENN PARTON
DIRECTOR (EFF 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Chris Freuh PhDCHRIS FREUH PHD
DIRECTOR (EFF 04/23)
- Total calculated
- $0
- Hours/week
- 1
-
Phil WalpolPHIL WALPOL
DIRECTOR (EFF 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Paul ThomaPAUL THOMA
CEO
- Total calculated
- $157,500
- From this org
- $157,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $157,500
-
Anthony PageANTHONY PAGE
COO
- Total calculated
- $141,750
- From this org
- $141,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Joey FioJOEY FIO
CHIEF HEALTH OFFICER
- Total calculated
- $141,750
- From this org
- $141,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Caleb ForemanCALEB FOREMAN
DIRECTOR OF STRATEGIC PARTNERSHIPS
- Total calculated
- $141,750
- From this org
- $141,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432819349302303
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