Form 990 for tax year 2024
Filed by SENTINELS OF FREEDOM SCHOLARSHIPFOUNDATION.
Totals
- Total revenue
- $1,185,685
- Total expenses
- $1,199,778
- Contributions and grants received
- $1,093,096
- Grants paid
- $281,720
- Program service revenue
- $0
- Investment income
- $63,458
- Other revenue
- $29,131
- Total assets, end of year
- $4,523,325
- Total liabilities, end of year
- $2,087,738
- Net assets or fund balances, end of year
- $2,435,587
- Program services expenses (Part IX)
- $788,528
- Management and general expenses
- $269,699
- Fundraising expenses
- $141,551
- Program service expenses (Part III)
- $788,528
Program services were 65.7% 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
$19,571
-
1e · Government grants (contributions)
$19,581
-
1f · All other contributions, gifts and grants
$1,053,944
-
1g · Noncash contributions included above
$63,234
-
3 · Investment income
total $15,385 · excluded $15,385
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $18,000
-
6c · Rental income or loss
real property $18,000
-
6d · Net rental income or loss
total $18,000 · related or exempt $18,000
-
7a · Gross sales of assets other than inventory
securities $261,583
-
7b · Less cost or other basis and sales expenses
securities $213,510
-
7c · Gain or loss
securities $48,073
-
7d · Net gain or loss
total $48,073 · excluded $48,073
-
8a · Fundraising events: gross income
$62,941
-
8a · Fundraising events: contributions included on line 1c
$19,571
-
8b · Fundraising events: direct expenses
$51,810
-
8c · Net income from fundraising events
total $11,131 · excluded $11,131
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,142 · program services $9,142
-
2 · Grants to domestic individuals
total $272,578 · program services $272,578
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $367,758 · program services $264,628 · management and general $51,165 · fundraising $51,965
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $91,621 · program services $91,105 · management and general $196 · fundraising $320
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $35,940 · program services $27,186 · management and general $4,292 · fundraising $4,462
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $43,855 · management and general $43,855
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $135,198 · program services $42,318 · management and general $35,928 · fundraising $56,952
-
12 · Advertising and promotion
total $3,766 · fundraising $3,766
-
13 · Office expenses
total $32,278 · program services $17,086 · management and general $10,709 · fundraising $4,483
-
14 · Information technology
total $25,719 · program services $15,256 · management and general $6,164 · fundraising $4,299
-
15 · Royalties
total $0
-
16 · Occupancy
total $61,206 · program services $18,545 · management and general $37,435 · fundraising $5,226
-
17 · Travel
total $16,208 · program services $8,206 · management and general $6,732 · fundraising $1,270
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $62,802 · management and general $62,802
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,249 · program services $4,249
-
23 · Insurance
total $26,755 · program services $13,561 · management and general $9,373 · fundraising $3,821
-
24a · Other expenses: Dues and other charges
total $10,703 · program services $4,668 · management and general $1,048 · fundraising $4,987
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $432,039 · end of year $198,435
-
2 · Savings and temporary cash investments
beginning of year $358,171 · end of year $113,590
-
3 · Pledges and grants receivable
beginning of year $181,315 · end of year $130,282
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $14,542 · end of year $32,153
-
10a · Land, buildings and equipment: cost or other basis
$171,631
-
10b · Land, buildings and equipment: accumulated depreciation
$18,675
-
10c · Land, buildings and equipment, net
beginning of year $157,205 · end of year $152,956
-
11 · Investments: publicly traded securities
beginning of year $570,424 · end of year $1,006,759
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,902,183 · end of year $2,889,150
-
17 · Accounts payable and accrued expenses
beginning of year $51,838 · end of year $32,085
-
23 · Secured mortgages and notes payable
beginning of year $2,105,852 · end of year $2,055,653
-
25 · Other liabilities
beginning of year $13,033
-
27 · Net assets without donor restrictions
beginning of year $2,349,426 · end of year $2,319,947
-
28 · Net assets with donor restrictions
beginning of year $95,730 · end of year $115,640
Mission and programs · 2024
Mission
Sentinels of Freedom Scholarship Foundation (the Foundation) is a Colorado notprofit organization formed in 2007 for the purpose of assisting veterans who have suffered severe duty-related injuries resulting in permanent physical disability since September 11, 2001 in their efforts to become productive, self-sufficient, integrated members of their community, and to raise awareness of the sacrifice these veterans have made in order to motivate the local community to rally behind these young men and women and ensure their success. The Foundation develops a scholarship package for each sentinel that may include providing a home or an apartment adapted to the specific disabilities of the veteran, employment and employment training, reliable transportation, financial and career counseling, and mentoring.
Activities or mission (Part I)
The Foundation formed for the purpose of assisting veterans who have suffered severe duty-related injuries resulting in permanent physical disability in their efforts to become productive, self-sufficient, integrated members of their community.
-
Sentinels of Freedom Scholarship Foundation (the Foundation) is a Colorado not-for-profit organization which was formed and commenced its operations in January 2007 for the purpose of assisting veterans who have suffered severe duty-related injuries resulting in permanent physical disability since September 11, 2001. The assistance is intended to enable these veterans to become productive, self-sufficient, integrated members of their community, and to raise awareness of the sacrifice these veterans have made in order to motivate the local community to rally behind these young men and women and ensure their success. The Foundation offers a scholarship package for each sentinel that may include providing a home or an apartment adapted to the specific disabilities of the veteran, employment and employment training, reliable transportation, financial and career counseling, and mentoring.We had 52 Sentinels in the program at the end of 2024 and maintained a 89% success rating for graduations.
Expenses $788,528 · Grants $281,720 · Revenue $18,000
As filed on the 2024 return.
Listed in Part VII
-
Michael Conklin
President & CEO
- Total calculated
- $153,039
- From this org
- $153,039
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,039
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $153,039
-
Mike Sandy
Secretary & CFO
- Total calculated
- $110,681
- From this org
- $110,348
- From related orgs
- $0
- Other
- $333
- Hours/week
- 30
-
Samantha Chapman
VP Programs
- Total calculated
- $104,038
- From this org
- $99,745
- From related orgs
- $0
- Other
- $4,293
- Hours/week
- 40
-
Kent Strazza
Treasurer
- Total calculated
- $0
- Hours/week
- 1.3
-
Daniel Coleman
Board Member
- Total calculated
- $0
- Hours/week
- 0.8
-
Peter Walsh
Board Member
- Total calculated
- $0
- Hours/week
- 0.6
-
Chris Marzilli
Board Member
- Total calculated
- $0
- Hours/week
- 0.6
-
Ronald Lowe
Board Member
- Total calculated
- $0
- Hours/week
- 0.4
-
HT Tran
Board Member
- Total calculated
- $0
- Hours/week
- 0.2
-
Mary King
Board Member
- Total calculated
- $0
- Hours/week
- 0.2
-
Stacy Hadeka
Board Member
- Total calculated
- $0
- Hours/week
- 0.2
-
David Halverson
Board Member
- Total calculated
- $0
- Hours/week
- 0.2
-
Jason Church
Board Member
- Total calculated
- $0
- Hours/week
- 0.2
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 · Form 990 of other organizations
- 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
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543079349303769
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.