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Nonprofiteer
← SAM ACTION

Form 990 for tax year 2024

Filed by SAM ACTION.

Totals

Total revenue
$15,865,551
Total expenses
$1,166,233
Contributions and grants received
$8,601,743
Grants paid
$248,272
Program service revenue
$0
Investment income
$7,260,512
Other revenue
$3,296
Total assets, end of year
$23,202,051
Total liabilities, end of year
$166,228
Net assets or fund balances, end of year
$23,035,823
Program services expenses (Part IX)
$942,329
Management and general expenses
$65,090
Fundraising expenses
$158,814
Program service expenses (Part III)
$942,329

Program services were 80.8% 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

    $8,601,743

  • 1g · Noncash contributions included above

    $8,383,885

  • 3 · Investment income

    total $800,316 · excluded $800,316

  • 7a · Gross sales of assets other than inventory

    securities $29,514,637

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

    securities $23,054,441

  • 7c · Gain or loss

    securities $6,460,196

  • 7d · Net gain or loss

    total $6,460,196 · excluded $6,460,196

  • 11a · Other revenue: OTHER INCOME

    total $3,296 · excluded $3,296

  • 11e · Other revenue, total

    $3,296

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,272 · program services $248,272

  • 7 · Other salaries and wages

    total $106,593 · program services $83,110 · management and general $4,797 · fundraising $18,686

  • 9 · Other employee benefits

    total $19,930 · program services $15,618 · management and general $901 · fundraising $3,411

  • 10 · Payroll taxes

    total $8,064 · program services $6,653 · management and general $491 · fundraising $920

  • 11c · Fees: accounting

    total $13,040 · management and general $13,040

  • 11d · Fees: lobbying

    total $102,250 · program services $102,250

  • 11f · Fees: investment management

    total $29,310 · management and general $29,310

  • 11g · Fees: other

    total $281,705 · program services $281,705

  • 12 · Advertising and promotion

    total $12,444 · management and general $6,222 · fundraising $6,222

  • 13 · Office expenses

    total $47,439 · program services $37,176 · management and general $2,143 · fundraising $8,120

  • 16 · Occupancy

    total $13,947 · program services $10,929 · management and general $631 · fundraising $2,387

  • 17 · Travel

    total $239,115 · program services $127,753 · management and general $1,305 · fundraising $110,057

  • 24a · Other expenses: OTHER EXPENSES

    total $44,124 · program services $28,863 · management and general $6,250 · fundraising $9,011

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,511 · end of year $77,945

  • 2 · Savings and temporary cash investments

    beginning of year $2,383,357 · end of year $7,795,794

  • 4 · Accounts receivable

    beginning of year $1,752 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,335 · end of year $24,614

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

    $38,386

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

    $25,966

  • 10c · Land, buildings and equipment, net

    beginning of year $15,842 · end of year $12,420

  • 11 · Investments: publicly traded securities

    beginning of year $11,426,802 · end of year $13,829,949

  • 15 · Other assets

    beginning of year $0 · end of year $1,461,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,986 · end of year $166,228

  • 25 · Other liabilities

    beginning of year $102,732 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $13,882,881 · end of year $23,035,823

Mission and programs · 2024

Mission

TO IMPROVE THE HEALTH AND WELFARE OF INDIVIDUALS AND COMMUNITIES BY SUPPORTING POLICIES, ACTIVITIES AND PROGRAMS THROUGH EDUCATION AND ADVOCACY FOR THE ADOPTION OR REJECTION OF LEGISLATION ON ISSUES RELATED TO PUBLIC HEALTH, SAFETY, PREVENTION AND TREATMENT OF LEGAL AND ILLEGAL DRUG USE.

Activities or mission (Part I)

ADVOCACY FOR THE ADOPTION OR REJECTION OF LEGISLATION ON LEGAL AND ILLEGAL DRUG USE.

  • FUNDRAISING FOR SET PURPOSES AND ATTAINMENT OF CHARITABLE OBJECTIVES. EDUCATION AND ADVOCACY FOR ATTAINMENT OF PROGRAM OBJECTIVES.

    Expenses $942,329 · Grants $248,272

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN A SABET-SHARGHI

    PRESIDENT

    Total calculated
    $6,668
    From this org
    $0
    From related orgs
    $6,668
    Other
    $0
    Hours/week
    20 + 20 related

  • JON TALCOTT

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BEN CORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LUKE D NIFORATOS

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $257,862
    From this org
    $0
    From related orgs
    $231,946
    Other
    $25,916
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,500 related
    Bonus
    $0 + $9,645 related
    Other
    $0 + $40,801 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,916 related
    Filer's total
    $0 + $257,862 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
SEVERAL BOARD MEMBERS, INFORMAL ADVISORS AND OTHERS WORKED TO DETERMINE WHAT COMPARABLE SALARIES WERE.

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

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349300242

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