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← SPIRIT OF AMERICA FOUNDATION

Form 990 for tax year 2023

Filed by SPIRIT OF AMERICA FOUNDATION.

Totals

Total revenue
$1,256,304
Total expenses
$1,400,821
Contributions and grants received
$1,254,971
Grants paid
$16,337
Program service revenue
$0
Investment income
$720
Other revenue
$613
Total assets, end of year
$1,712,409
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,712,409
Program services expenses (Part IX)
$1,292,696
Management and general expenses
$108,125
Fundraising expenses
$0
Program service expenses (Part III)
$1,292,696

Program services were 92.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,254,971

  • 1g · Noncash contributions included above

    $16,337

  • 3 · Investment income

    total $195 · related or exempt $195

  • 7a · Gross sales of assets other than inventory

    other assets $22,500

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

    other assets $21,975

  • 7c · Gain or loss

    other assets $525

  • 7d · Net gain or loss

    total $525 · related or exempt $525

  • 10a · Gross sales of inventory

    $7,889

  • 10b · Cost of goods sold

    $7,276

  • 10c · Net income from sales of inventory

    total $613 · related or exempt $613

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $16,337 · program services $16,337

  • 5 · Compensation of officers, directors and key employees

    total $174,000 · program services $139,200 · management and general $34,800

  • 9 · Other employee benefits

    total $70,753 · program services $56,602 · management and general $14,151

  • 10 · Payroll taxes

    total $12,455 · program services $9,964 · management and general $2,491

  • 11c · Fees: accounting

    total $17,477 · program services $13,982 · management and general $3,495

  • 11g · Fees: other

    total $477,408 · program services $477,408

  • 13 · Office expenses

    total $18,955 · program services $15,164 · management and general $3,791

  • 16 · Occupancy

    total $23,804 · program services $19,043 · management and general $4,761

  • 17 · Travel

    total $233,339 · program services $233,339

  • 22 · Depreciation, depletion and amortization

    total $183,695 · program services $146,956 · management and general $36,739

  • 23 · Insurance

    total $30,947 · program services $24,758 · management and general $6,189

  • 24a · Other expenses: Program Expenses

    total $133,113 · program services $133,113

  • 24b · Other expenses: Other Operating Costs

    total $8,538 · program services $6,830 · management and general $1,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,070 · end of year $16,465

  • 2 · Savings and temporary cash investments

    beginning of year $157,752 · end of year $203,302

  • 5 · Loans and receivables from officers and key people

    beginning of year $251,588 · end of year $246,588

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

    $1,884,997

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

    $638,943

  • 10c · Land, buildings and equipment, net

    beginning of year $1,412,516 · end of year $1,246,054

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,856,926 · end of year $1,712,409

Mission and programs · 2023

Mission

Education and motivational speeches

  • Provide educational and motivational speeches to students in conventions, high school assemblies, and local church groups across the United States. Since January 1, 1993, Spirit of America has reached multiplied millions of teenagers in assemblies and through the distribution of their information packets, books, videos, and T-shirts.

    Expenses $1,292,696

As filed on the 2023 return.

Listed in Part VII

  • Dean Sikes

    President

    Total calculated
    $317,371
    From this org
    $259,707
    From related orgs
    $0
    Other
    $57,664
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $259,707
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $57,664
    Filer's total
    $317,371

  • Paul Loftin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Danny Hall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregory Pope

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Turner

    SecretaryTreasurer

    Total calculated
    $0
    Hours/week
    1

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
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
13 November 2024
IRS schema version
2023v5.1
Source object
202403199349303680

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