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Nonprofiteer
← SPECIAL OPERATORS TRANSITION FOUNDATION INC

Form 990 for tax year 2023

Filed by SPECIAL OPERATORS TRANSITION FOUNDATION INC.

Totals

Total revenue
$1,844,989
Total expenses
$1,796,114
Contributions and grants received
$1,811,676
Grants paid
$0
Program service revenue
$0
Investment income
$33,313
Other revenue
$0
Total assets, end of year
$2,149,277
Total liabilities, end of year
$208,845
Net assets or fund balances, end of year
$1,940,432
Program services expenses (Part IX)
$1,325,383
Management and general expenses
$102,184
Fundraising expenses
$368,547
Program service expenses (Part III)
$1,325,383

Program services were 73.8% 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

    $1,811,676

  • 3 · Investment income

    total $33,313 · excluded $33,313

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $185,938 · program services $159,418 · management and general $6,110 · fundraising $20,410

  • 7 · Other salaries and wages

    total $644,518 · program services $552,592 · management and general $21,177 · fundraising $70,749

  • 11a · Fees: management

    total $169,351 · program services $133,170 · management and general $35,938 · fundraising $243

  • 11c · Fees: accounting

    total $45,619 · program services $35,873 · management and general $9,681 · fundraising $65

  • 12 · Advertising and promotion

    total $88,610 · program services $1,833 · fundraising $86,777

  • 13 · Office expenses

    total $3,673 · program services $2,483 · management and general $450 · fundraising $740

  • 14 · Information technology

    total $11,893 · program services $5,523 · management and general $3,435 · fundraising $2,935

  • 16 · Occupancy

    total $1,267 · program services $379 · management and general $830 · fundraising $58

  • 17 · Travel

    total $146,244 · program services $123,040 · management and general $72 · fundraising $23,132

  • 22 · Depreciation, depletion and amortization

    total $7,919 · management and general $7,919

  • 23 · Insurance

    total $4,407 · management and general $4,407

  • 24a · Other expenses: EVENTS

    total $276,210 · program services $112,772 · fundraising $163,438

  • 24b · Other expenses: CANDIDATE PROGRAMMING &

    total $198,300 · program services $198,300

  • 24c · Other expenses: OTHER EXPENSES

    total $12,165 · management and general $12,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,405,716 · end of year $444,355

  • 2 · Savings and temporary cash investments

    beginning of year $432,199 · end of year $624,191

  • 3 · Pledges and grants receivable

    beginning of year $41,002 · end of year $78,096

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,927 · end of year $9,301

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

    $13,869

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

    $1,202

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $12,667

  • 11 · Investments: publicly traded securities

    end of year $958,070

  • 14 · Intangible assets

    beginning of year $18,227 · end of year $22,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,220 · end of year $208,845

  • 27 · Net assets without donor restrictions

    beginning of year $1,866,851 · end of year $1,940,432

Mission and programs · 2023

Mission

THE SPECIAL OPERATORS TRANSITION FOUNDATION ("SOTF") ASSISTS SPECIAL OPERATION FORCES VETERANS TRANSITION FROM THE MILITARY INTO THEIR NEXT SUCCESSFUL CAREER.

  • THE ORGANIZATION'S INITIAL FOCUS IS TO SERVE EXCLUSIVELY THE SPECIAL OPERATIONS COMMUNITY, AND ASSOCIATED PERSONNEL, WHO HAVE FACED COMBAT AND HIGH-RISK MISSIONS. SERVICES AND GRANTS PROVIDED VARY BY CASE BUT INCLUDE EMPLOYMENT TRANSITION SERVICES, PAID INTERNSHIPS, COOPERATIVE EDUCATION AND FAMILY STABILIZATION SUPPORT. FINDING A JOB IN TODAY'S MARKET IS COMPETITIVE AND DIFFICULT ENOUGH FOR THE AVERAGE INDIVIDUAL SEEKING EMPLOYMENT, BUT IT IS EVEN HARDER FOR SERVICE MEMBERS WHO HAVE SPENT THE LAST DECADE DEPLOYING TO COMBAT ZONES. ADDITIONALLY, FOR THOSE TRANSITIONING FROM YEARS OF SERVICE WITH A SPECIAL OPERATION UNIT, FINDING A POSITION IN TODAY'S BUSINESS WORLD BRINGS CERTAIN CHALLENGES NOT ORDINARILY FACED BY CIVILIANS. HOWEVER, SPECIAL OPERATIONS VETERANS HAVE A SIGNIFICANT ADVANTAGE OVER THEIR CIVILIAN COUNTERPARTS. THE FUNDAMENTAL DIFFERENCE FOUND IN SPECIAL OPERATIONS VETERANS IS THAT THEY EMBODY AND DEMONSTRATE AGILITY BY ANTICIPATING CHANGE, INITIATING ACTION, GENERATING CONFIDENCE, LIBERATING THINKING, AND EVALUATING RESULTS.

    Expenses $1,325,383

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

Listed in Part VII

  • Mark Whaling

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Jeff Jacobs

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Laurent Roux

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Clint Kollar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Poritzky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd Koetje

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rob Kirila

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Rick Strain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Mulcahy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Simon Macioch

    ALUMNI DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Austin Moore

    CEO

    Total calculated
    $185,938
    From this org
    $178,646
    From related orgs
    $0
    Other
    $7,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,646
    Bonus
    $0
    Other
    $0
    Deferred
    $7,292
    Nontaxable benefits
    $0
    Filer's total
    $185,938

  • Joshua F Johnson

    DIRECTOR OF PROGRAMS

    Total calculated
    $128,051
    From this org
    $120,556
    From related orgs
    $0
    Other
    $7,495
    Hours/week
    40

  • Robert E Payne

    DIRECTOR OF CORPORATE ENGAGEMENT

    Total calculated
    $110,833
    From this org
    $106,400
    From related orgs
    $0
    Other
    $4,433
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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
9 September 2024
IRS schema version
2023v5.1
Source object
202442539349301074

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