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Nonprofiteer
← CIA OFFICERS MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by CIA OFFICERS MEMORIAL FOUNDATION.

Totals

Total revenue
$11,677,031
Total expenses
$2,835,334
Contributions and grants received
$10,657,834
Grants paid
$1,731,651
Program service revenue
$0
Investment income
$1,481,531
Other revenue
-$462,334
Total assets, end of year
$53,573,910
Total liabilities, end of year
$70,256
Net assets or fund balances, end of year
$53,503,654
Program services expenses (Part IX)
$2,362,445
Management and general expenses
$243,953
Fundraising expenses
$228,936
Program service expenses (Part III)
$2,362,445

Program services were 83.3% 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.

  • 1a · Federated campaigns

    $16,013

  • 1c · Fundraising events

    $7,281,586

  • 1f · All other contributions, gifts and grants

    $3,360,235

  • 1g · Noncash contributions included above

    $76,604

  • 3 · Investment income

    total $1,429,559 · excluded $1,429,559

  • 7a · Gross sales of assets other than inventory

    securities $4,635,326

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

    securities $4,583,354

  • 7c · Gain or loss

    securities $51,972

  • 7d · Net gain or loss

    total $51,972 · excluded $51,972

  • 8a · Fundraising events: gross income

    $119,070

  • 8a · Fundraising events: contributions included on line 1c

    $7,281,586

  • 8b · Fundraising events: direct expenses

    $581,404

  • 8c · Net income from fundraising events

    total -$462,334 · excluded -$462,334

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,731,651 · program services $1,731,651

  • 5 · Compensation of officers, directors and key employees

    total $317,492 · program services $105,707 · management and general $126,624 · fundraising $85,161

  • 7 · Other salaries and wages

    total $450,229 · program services $322,710 · management and general $25,998 · fundraising $101,521

  • 9 · Other employee benefits

    total $678 · program services $441 · management and general $80 · fundraising $157

  • 10 · Payroll taxes

    total $56,425 · program services $31,469 · management and general $11,222 · fundraising $13,734

  • 11c · Fees: accounting

    total $19,500 · management and general $19,500

  • 11f · Fees: investment management

    total $158,244 · program services $158,244

  • 11g · Fees: other

    total $29,593 · program services $2,500 · management and general $25,863 · fundraising $1,230

  • 13 · Office expenses

    total $32,734 · program services $4,779 · management and general $9,650 · fundraising $18,305

  • 14 · Information technology

    total $9,678 · management and general $9,678

  • 17 · Travel

    total $3,789 · program services $2,722 · fundraising $1,067

  • 22 · Depreciation, depletion and amortization

    total $438 · program services $249 · management and general $84 · fundraising $105

  • 23 · Insurance

    total $3,383 · program services $1,928 · management and general $643 · fundraising $812

  • 24a · Other expenses: LICENSES/FEES

    total $18,090 · management and general $11,246 · fundraising $6,844

  • 24b · Other expenses: BANK FEES AND OTHER

    total $3,410 · program services $45 · management and general $3,365

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,920,224 · end of year $8,757,638

  • 3 · Pledges and grants receivable

    beginning of year $1,773,867 · end of year $1,287,736

  • 4 · Accounts receivable

    beginning of year $53,981 · end of year $45,871

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,088 · end of year $9,867

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

    $11,026

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

    $8,839

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $2,187

  • 11 · Investments: publicly traded securities

    beginning of year $29,948,831 · end of year $37,904,910

  • 12 · Investments: other securities

    beginning of year $4,083,808 · end of year $5,565,701

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,001 · end of year $70,256

  • 19 · Deferred revenue

    beginning of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $40,561,298 · end of year $53,403,654

  • 28 · Net assets with donor restrictions

    beginning of year $181,500 · end of year $100,000

Mission and programs · 2023

Mission

THE CIA OFFICERS MEMORIAL FOUNDATION CONTINUES TO HAVE THE EXCLUSIVE MISSION OF PROVIDING SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO THE FAMILIES OF THE CIA OFFICERS WHO DIE WHILE ON ACTIVE DUTY. IN ADDITION, THE FOUNDATION CONSIDERS SIMILAR SUPPORT TO THE FAMILIES OF THE CIA OFFICERS WHO ARE SEVERELY WOUNDED WHILE SERVING IN WAR ZONE ASSIGNMENTS ABROAD. THE FOUNDATION ADDED A DAYCARE SUPPORT PROGRAM TO ITS PROGRAM SERVICES IN 2019 AND A CAREER SERVICES PROGRAM IN 2021.

Activities or mission (Part I)

THE CIA OFFICERS MEMORIAL FOUNDATION CONTINUES TO HAVE THE EXCLUSIVE MISSION OF PROVIDING SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO THE FAMILIES OF THE CIA OFFICERS WHO DIE WHILE ON ACTIVE DUTY. IN ADDITION, THE FOUNDATION CONSIDERS PROVIDING DIRECT SUPPORT AS NEEDED TO OFFICERS SEVERELY WOUNDED WHILE ON ASSIGNMENT IN DESIGNATED WAR ZONES AND OFFERS SCHOLARSHIP ASSISTANCE TO THEIR DEPENDENTS AS WELL. THE FOUNDATION ADDED A DAYCARE SUPPORT PROGRAM TO ITS PROGRAM SERVICES IN 2019 AND A CAREER SERVICES PROGRAM IN 2021.

  • TO PROVIDE EDUCATIONAL AND OTHER FINANCIAL ASSISTANCE TO THE FAMILIES OF CIA OFFICERS WHO LOST THEIR LIVES WHILE ON ACTIVE DUTY WITH THE CIA.

    Expenses $2,362,445 · Grants $1,731,651

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gina Haspel

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • V Sue Bromley

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kevin Phillips

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ross P Charkatz

    DIRECTOR (THRU 6/30/2023)

    Total calculated
    $0
    Hours/week
    2

  • Henry Hank Crumpton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Darby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Antonio Delgado Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melvin Gamble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joshua Lobel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kent Lucken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Suzanne Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie O'Sullivan

    DIRECTOR (THRU 6/30/2023)

    Total calculated
    $0
    Hours/week
    2

  • Stephen Preston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeanne Tisinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gregory Vogle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Edwards

    PRESIDENT

    Total calculated
    $212,903
    From this org
    $212,750
    From related orgs
    $0
    Other
    $153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $27,750
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $153
    Filer's total
    $212,903

  • Jeannine Vazquez

    CFO

    Total calculated
    $104,589
    From this org
    $104,500
    From related orgs
    $0
    Other
    $89
    Hours/week
    30

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

  • 1a · First-class or charter travel
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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 1B
THE FOUNDATION DOES NOT HAVE A WRITTEN POLICY FOR FIRST-CLASS TRAVEL SPECIFIC TO BOARD MEMBERS. GENERALLY, THESE INSTANCES ARE LIMITED AND ARE HANDLED ON A CASE-BY-CASE BASIS.
PART I, LINE 7
THE PRESIDENT OF THE FOUNDATION WAS AWARDED A DISCRETIONARY BONUS DURING 2023, AS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS.

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
28 August 2024
IRS schema version
2023v5.1
Source object
202442419349301359

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