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Nonprofiteer
← SAR FOUNDATION INC

Form 990 for tax year 2022

Filed by SAR FOUNDATION INC.

Totals

Total revenue
$1,346,671
Total expenses
$9,068,964
Contributions and grants received
$660,405
Grants paid
$8,830,456
Program service revenue
$0
Investment income
$664,809
Other revenue
$21,457
Total assets, end of year
$2,055,750
Total liabilities, end of year
$108,643
Net assets or fund balances, end of year
$1,947,107
Program services expenses (Part IX)
$8,830,456
Management and general expenses
$21,115
Fundraising expenses
$217,393
Program service expenses (Part III)
$8,830,456

Program services were 97.4% 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

    $660,405

  • 1g · Noncash contributions included above

    $25,022

  • 3 · Investment income

    total $109,850 · excluded $109,850

  • 7a · Gross sales of assets other than inventory

    securities $4,832,008

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

    securities $4,277,049

  • 7c · Gain or loss

    securities $554,959

  • 7d · Net gain or loss

    total $554,959 · excluded $554,959

  • 11a · Other revenue: OTHER INCOME

    total $21,457 · related or exempt $21,457

  • 11e · Other revenue, total

    $21,457

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,830,456 · program services $8,830,456

  • 11b · Fees: legal

    total $6,781 · fundraising $6,781

  • 11f · Fees: investment management

    total $21,115 · management and general $21,115

  • 12 · Advertising and promotion

    total $5,156 · fundraising $5,156

  • 13 · Office expenses

    total $68,666 · fundraising $68,666

  • 14 · Information technology

    total $7,771 · fundraising $7,771

  • 17 · Travel

    total $5,094 · fundraising $5,094

  • 22 · Depreciation, depletion and amortization

    total $380 · fundraising $380

  • 24a · Other expenses: REIMBURSED PAYROLL EXPE

    total $115,455 · fundraising $115,455

  • 24b · Other expenses: LICENSES AND FEES

    total $7,631 · fundraising $7,631

  • 24c · Other expenses: OTHER EXPENSES

    total $459 · fundraising $459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,440 · end of year $220,300

  • 3 · Pledges and grants receivable

    beginning of year $209,384 · end of year $190,358

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,486 · end of year $2,329

  • 10a · Land, buildings and equipment: cost or other basis

    $5,313

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,861

  • 10c · Land, buildings and equipment, net

    beginning of year $832 · end of year $452

  • 11 · Investments: publicly traded securities

    beginning of year $11,861,441 · end of year $1,642,311

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,850 · end of year $17,356

  • 25 · Other liabilities

    beginning of year $171,118 · end of year $91,287

  • 27 · Net assets without donor restrictions

    beginning of year $5,658,198 · end of year $1,925,191

  • 28 · Net assets with donor restrictions

    beginning of year $6,370,417 · end of year $21,916

Mission and programs · 2022

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR THE NATIONAL SOCIETY OF THE SONS OF THE AMERICAN REVOLUTION (NSSAR), A TAX-EXEMPT AFFILIATE, TO ASSIST WITH THE PURPOSE OF EDUCATING THE GENERAL PUBLIC ABOUT THE AMERICAN REVOLUTION AND TO PROMOTE PATRIOTISM.

Activities or mission (Part I)

TO RECEIVE AND ADMINISTER FUNDS FOR THE NATIONAL SOCIETY OF THE SONS OF THE AMERICAN REVOLUTION, A TAX-EXEMPT AFFILIATE, TO ASSIST WITH THE PURPOSE OF EDUCATING THE GENERAL PUBLIC ABOUT THE AMERICAN REVOLUTION AND TO PROMOTE PATRIOTISM.

  • TO ASSIST THE NATIONAL SOCIETY OF THE SONS OF THE AMERICAN REVOLUTION IN EDUCATING THE PUBLIC ABOUT THE AMERICAN REVOLUTION AND PROMOTING PATRIOTISM

    Expenses $8,830,456 · Grants $8,830,456

As filed on the 2022 return.

Listed in Part VII

  • Joseph W Dooley

    PRESIDENT TO 7/2023

    Total calculated
    $0
    Hours/week
    15 + 5 related
  • Douglas T Collins

    VICE PRESIDENT TO 7/2022;DIRECTOR TO 7/2023

    Total calculated
    $0
    Hours/week
    5
  • Davis L Wright

    VICE PRESIDENT TO 7/2023; CHAIR

    Total calculated
    $0
    Hours/week
    5 + 20 related
  • C Bruce Pickette

    SECRETARY TO 7/2022; CHAIR

    Total calculated
    $0
    Hours/week
    5 + 20 related
  • John L Dodd

    TREASURER TO 7/2022;SECRETARY TO 7/2023

    Total calculated
    $0
    Hours/week
    5 + 10 related
  • Daniel McKelvie

    DIRECTOR TO 7/2023

    Total calculated
    $0
    Hours/week
    1
  • Dr Samuel C Powell

    DIRECTOR TO 7/2023

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Darryl S Addington

    DIRECTOR TO 7/2022;TREASURER TO 7/2023

    Total calculated
    $0
    Hours/week
    3 + 20 related
  • Warren M Alter

    DIRECTOR TO 7/2022

    Total calculated
    $0
    Hours/week
    3 + 5 related
  • William Lee Popham

    DIRECTOR TO 7/2023

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Daniel K Woodruff

    DIRECTOR TO 7/2022

    Total calculated
    $0
    Hours/week
    1
  • Megan Krebs

    DIRECTOR OF FINANCE

    Total calculated
    $84,718
    From this org
    $0
    From related orgs
    $74,131
    Other
    $10,587
    Hours/week
    5 + 35 related
  • Donald Shaw

    EXECUTIVE DIRECTOR TO 7/2022

    Total calculated
    $80,047
    From this org
    $0
    From related orgs
    $72,942
    Other
    $7,105
    Hours/week
    5 + 35 related
  • Phillip Bloyd

    DEVELOPMENT MANAGER

    Total calculated
    $87,022
    From this org
    $0
    From related orgs
    $76,364
    Other
    $10,658
    Hours/week
    35 + 5 related
  • Todd Bale

    EXECUTIVE DIRECTOR FROM 10/2022

    Total calculated
    $25,484
    From this org
    $0
    From related orgs
    $17,538
    Other
    $7,946
    Hours/week
    5 + 35 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.

Grants on this return

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
2022
Filed
26 July 2023
IRS schema version
2022v5.0
Source object
202302139349300410

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