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Nonprofiteer
← SAM INC

Form 990 for tax year 2023

Filed by SAM INC.

Totals

Total revenue
$3,384,294
Total expenses
$1,421,725
Contributions and grants received
$3,052,344
Grants paid
$133,747
Program service revenue
$76,111
Investment income
$243,293
Other revenue
$12,546
Total assets, end of year
$9,036,174
Total liabilities, end of year
$3,439
Net assets or fund balances, end of year
$9,032,735
Program services expenses (Part IX)
$1,145,744
Management and general expenses
$141,037
Fundraising expenses
$134,944
Program service expenses (Part III)
$1,145,744

Program services were 80.6% 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.

  • 1f · All other contributions, gifts and grants

    $3,052,344

  • 2a · Program service revenue: SPEAKING FEES & HONORARIUMS

    total $43,683 · related or exempt $43,683

  • 2b · Program service revenue: CONFERENCE REVENUE

    total $27,881 · related or exempt $27,881

  • 2c · Program service revenue: OTHER PROGRAM FEES

    total $4,547 · related or exempt $4,547

  • 3 · Investment income

    total $264,347 · excluded $264,347

  • 7a · Gross sales of assets other than inventory

    securities $2,263,790

  • 7b · Less cost or other basis and sales expenses

    securities $2,284,844

  • 7c · Gain or loss

    securities -$21,054

  • 7d · Net gain or loss

    total -$21,054 · excluded -$21,054

  • 11a · Other revenue: OTHER INCOME

    total $12,546 · excluded $12,546

  • 11e · Other revenue, total

    $12,546

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,747 · program services $133,747

  • 5 · Compensation of officers, directors and key employees

    total $137,831 · program services $99,624 · management and general $16,526 · fundraising $21,681

  • 7 · Other salaries and wages

    total $453,603 · program services $327,864 · management and general $54,387 · fundraising $71,352

  • 9 · Other employee benefits

    total $32,188 · program services $23,266 · management and general $3,859 · fundraising $5,063

  • 10 · Payroll taxes

    total $49,340 · program services $35,663 · management and general $5,916 · fundraising $7,761

  • 11b · Fees: legal

    total $4,675 · program services $4,675

  • 11c · Fees: accounting

    total $33,500 · management and general $33,500

  • 11f · Fees: investment management

    total $9,193 · management and general $9,193

  • 11g · Fees: other

    total $454,805 · program services $452,258 · management and general $2,547

  • 13 · Office expenses

    total $7,244 · program services $1,741 · management and general $5,419 · fundraising $84

  • 14 · Information technology

    total $1,733 · program services $1,252 · management and general $208 · fundraising $273

  • 16 · Occupancy

    total $20,114 · program services $14,538 · management and general $2,412 · fundraising $3,164

  • 17 · Travel

    total $34,918 · program services $17,459 · fundraising $17,459

  • 19 · Conferences, conventions and meetings

    total $2,000 · program services $1,000 · fundraising $1,000

  • 23 · Insurance

    total $42,117 · program services $30,442 · management and general $5,050 · fundraising $6,625

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $3,733 · program services $1,504 · management and general $1,902 · fundraising $327

  • 24b · Other expenses: PRINTING AND PUBLICATIO

    total $984 · program services $711 · management and general $118 · fundraising $155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,156,521 · end of year $376,121

  • 4 · Accounts receivable

    end of year $2,583

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,099 · end of year $10,792

  • 11 · Investments: publicly traded securities

    beginning of year $5,556,591 · end of year $8,452,604

  • 15 · Other assets

    beginning of year $45,557 · end of year $194,074

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,940 · end of year $3,439

  • 25 · Other liabilities

    beginning of year $8,479 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,763,349 · end of year $9,032,735

Mission and programs · 2023

Mission

TO PURSUE EXCLUSIVELY CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY EDUCATING THE PUBLIC ABOUT AND FACILITATING THE ESTABLISHMENT OF SOUND DRUG POLICY, AND PROVIDING FINANCIAL SUPPORT TO ORGANIZATIONS WITH SIMILAR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

Activities or mission (Part I)

EDUCATING THE PUBLIC ABOUT AND FACILITATING THE ESTABLISHMENT OF SOUND DRUG POLICY.

  • HELD EDUCATIONAL ACTIVITIES.

    Expenses $1,145,744 · Grants $133,747 · Revenue $76,111

As filed on the 2023 return.

Listed in Part VII

  • Jonathan H Talcott

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ben Cort

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Millette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Micael Bloom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian Colhoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin A Sabet-Sharghi

    PRESIDENT AND CEO

    Total calculated
    $91,025
    From this org
    $78,927
    From related orgs
    $0
    Other
    $12,098
    Hours/week
    20 + 20 related

  • Luke D Niforatos

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $172,153
    From this org
    $158,742
    From related orgs
    $0
    Other
    $13,411
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $156,252
    Bonus
    $2,490
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,411
    Filer's total
    $172,153

  • Brendan Fairfield

    DIRECTOR OF EXTERNAL PROGRAMS

    Total calculated
    $107,250
    From this org
    $107,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    38 + 2 related

  • John A Spurlock

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $108,847
    From this org
    $108,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    38 + 2 related

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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE CALCULATED BASED ON PERFORMANCE.

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

  • EVERY BRAIN MATTERS

    $100,000

    TO SUPPORT THE EBM TO WORK WITH AN ALLIANCE OF ORGANIZATIONS & INDIVIDUALS T

  • NEIGHBORS AGAINST A MARIJUANA DISPENSARY

    $28,000

    SUPPORT FIGHT AGAINST NEIGHBORHOOD MARIJUANA DISPENSARY.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349306114

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