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Nonprofiteer
← SAR FOUNDATION INC

Form 990 for tax year 2023

Filed by SAR FOUNDATION INC.

Totals

Total revenue
$1,062,553
Total expenses
$386,255
Contributions and grants received
$970,400
Grants paid
$160,027
Program service revenue
$0
Investment income
$92,153
Other revenue
$0
Total assets, end of year
$2,804,817
Total liabilities, end of year
$1,870,112
Net assets or fund balances, end of year
$934,705
Program services expenses (Part IX)
$160,027
Management and general expenses
$5,177
Fundraising expenses
$221,051
Program service expenses (Part III)
$160,027

Program services were 41.4% 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

    $970,400

  • 1g · Noncash contributions included above

    $26,539

  • 3 · Investment income

    total $72,688 · excluded $72,688

  • 7a · Gross sales of assets other than inventory

    securities $229,722

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

    securities $210,257

  • 7c · Gain or loss

    securities $19,465

  • 7d · Net gain or loss

    total $19,465 · excluded $19,465

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $160,027 · program services $160,027

  • 11b · Fees: legal

    total $6,651 · fundraising $6,651

  • 11f · Fees: investment management

    total $5,177 · management and general $5,177

  • 12 · Advertising and promotion

    total $5,480 · fundraising $5,480

  • 13 · Office expenses

    total $45,646 · fundraising $45,646

  • 14 · Information technology

    total $8,719 · fundraising $8,719

  • 17 · Travel

    total $5,914 · fundraising $5,914

  • 22 · Depreciation, depletion and amortization

    total $255 · fundraising $255

  • 24a · Other expenses: REIMBURSED PAYROLL EXPE

    total $138,722 · fundraising $138,722

  • 24b · Other expenses: LICENSES AND FEES

    total $7,741 · fundraising $7,741

  • 24c · Other expenses: OTHER EXPENSES

    total $1,923 · fundraising $1,923

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $220,300 · end of year $411,239

  • 3 · Pledges and grants receivable

    beginning of year $190,358 · end of year $405,783

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,329 · end of year $2,600

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

    $5,313

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

    $5,115

  • 10c · Land, buildings and equipment, net

    beginning of year $452 · end of year $198

  • 11 · Investments: publicly traded securities

    beginning of year $1,642,311 · end of year $1,984,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,356 · end of year $30,958

  • 25 · Other liabilities

    beginning of year $91,287 · end of year $1,839,154

  • 27 · Net assets without donor restrictions

    beginning of year $1,925,191 · end of year $102,075

  • 28 · Net assets with donor restrictions

    beginning of year $21,916 · end of year $832,630

Mission and programs · 2023

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 $160,027 · Grants $160,027

As filed on the 2023 return.

Listed in Part VII

  • Joseph W Dooley

    PRESIDENT TO 7/23

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

    DIRECTOR TO 7/24

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

    VICE PRESIDENT TO 7/23;DIRECTOR TO 7/24

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • C Bruce Pickette

    CHAIRMAN TO 7/23;DIRECTOR TO 7/24

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • John L Dodd

    SECRETARY TO 7/23;CHAIRMAN TO 7/24

    Total calculated
    $0
    Hours/week
    5 + 20 related
  • Daniel McKelvie

    DIRECTOR TO 7/23;VICE PRESIDENT TO 7/24

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

    DIRECTOR TO 7/2023

    Total calculated
    $0
    Hours/week
    1
  • Michael J Elston

    TREASURER TO 7/24

    Total calculated
    $0
    Hours/week
    3 + 20 related
  • Darryl S Addington

    TREASURER TO 7/23;SECRETARY TO 7/24

    Total calculated
    $0
    Hours/week
    5 + 10 related
  • Jeffrey D Thomas

    DIRECTOR TO 7/24

    Total calculated
    $0
    Hours/week
    1
  • William Lee Popham

    DIRECTOR TO 7/23;PRESIDENT TO 7/24

    Total calculated
    $0
    Hours/week
    1
  • Edmon McKinley

    CHANCELLOR TO 7/24

    Total calculated
    $0
    Hours/week
    1 + 12 related
  • Megan Krebs

    DIRECTOR OF FINANCE

    Total calculated
    $93,706
    From this org
    $0
    From related orgs
    $82,456
    Other
    $11,250
    Hours/week
    5 + 35 related
  • Phillip Bloyd

    DIRECTOR OF FOUNDATION

    Total calculated
    $107,041
    From this org
    $0
    From related orgs
    $95,385
    Other
    $11,656
    Hours/week
    35 + 5 related
  • Todd Bale

    EXECUTIVE DIRECTOR

    Total calculated
    $129,105
    From this org
    $0
    From related orgs
    $120,152
    Other
    $8,953
    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
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202412959349300741

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