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Nonprofiteer
← TIP OF THE SPEAR FOUNDATION

Form 990 for tax year 2022

Filed by TIP OF THE SPEAR FOUNDATION.

Totals

Total revenue
$316,523
Total expenses
$381,452
Contributions and grants received
$314,990
Grants paid
$62,693
Program service revenue
$0
Investment income
$1,533
Other revenue
$0
Total assets, end of year
$102,199
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$102,199
Program services expenses (Part IX)
$325,620
Management and general expenses
$55,832
Fundraising expenses
$0
Program service expenses (Part III)
$325,620

Program services were 85.4% 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

    $314,990

  • 1g · Noncash contributions included above

    $1,819

  • 3 · Investment income

    total $283 · excluded $283

  • 7a · Gross sales of assets other than inventory

    securities $10,683

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

    securities $9,433

  • 7c · Gain or loss

    securities $1,250

  • 7d · Net gain or loss

    total $1,250 · excluded $1,250

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $62,693 · program services $62,693

  • 11c · Fees: accounting

    total $6,525 · management and general $6,525

  • 11f · Fees: investment management

    total $200 · management and general $200

  • 11g · Fees: other

    total $31,463 · management and general $31,463

  • 13 · Office expenses

    total $11,795 · management and general $11,795

  • 14 · Information technology

    total $5,849 · management and general $5,849

  • 17 · Travel

    total $1,180 · program services $1,180

  • 24a · Other expenses: EVENT COST - FOOD AND B

    total $196,006 · program services $196,006

  • 24b · Other expenses: EVENT COST - OPERATOR

    total $62,637 · program services $62,637

  • 24c · Other expenses: EVENT COST - OTHER

    total $3,104 · program services $3,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,695 · end of year $100,380

  • 11 · Investments: publicly traded securities

    beginning of year $9,433 · end of year $1,819

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $167,128 · end of year $102,199

Mission and programs · 2022

Mission

FOUNDED BY SPECIAL OPERATIONS PERSONNEL IN 2011, TIP OF THE SPEAR FOUNDATION (TOS) IS AN OFFICIAL 501 (C)(3) TAX-EXEMPT NONPROFIT ORGANIZATION, DEDICATED TO SUPPORTING OUR NATION'S OPERATORS AND THEIR FAMILIES DURING TIMES OF NEED. OPERATING WITH A LOW PROFILE AND "NO-FAIL APPROACH,"TOS DELIVERS ESSENTIAL, TIMELY, AND IMPACTFUL SUPPORT TO THESE MEN AND THEIR FAMILIES.

Activities or mission (Part I)

FORMED BY CURRENT AND SPECIAL OPERATIONS PERSONNEL,PROVIDING ASSISTANCE TO OPERATORS, THEIR FAMILIES, AND THEIR COMMANDS DURING TIMES OF NEED.

  • MILITARY TRANSITION AND DECOMPRESSION EVENT FOR ACTIVE AND PRIOR MILITARY SPECIAL OPERATION PERSONNEL. THE EVENT CONNECTS BUSINESS LEADERS WITH ACTIVE AND PRIOR MILITARY PERSONNEL FOR PROFESSIONAL DEVELOPMENT, TRANSITION, AND NETWORKING OPPORTUNITIES.

    Expenses $262,927

  • GRANTS TO AND SUPPORT FOR FAMILIES OF THE FALLEN

    Expenses $62,693 · Grants $62,693

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek Pedersen

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Todd Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cory Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph M Kerr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark McKinley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349319606

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