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Nonprofiteer
← JOHNNY MAC SOLDIERS FUND INC

Form 990 for tax year 2023

Filed by JOHNNY MAC SOLDIERS FUND INC.

Totals

Total revenue
$5,477,624
Total expenses
$5,810,485
Contributions and grants received
$5,324,208
Grants paid
$5,100,000
Program service revenue
$0
Investment income
$151,163
Other revenue
$2,253
Total assets, end of year
$2,588,316
Total liabilities, end of year
$12,432
Net assets or fund balances, end of year
$2,575,884
Program services expenses (Part IX)
$5,379,309
Management and general expenses
$109,137
Fundraising expenses
$322,039
Program service expenses (Part III)
$5,379,309

Program services were 92.6% 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.

  • 1c · Fundraising events

    $4,354,265

  • 1f · All other contributions, gifts and grants

    $969,943

  • 1g · Noncash contributions included above

    $144,623

  • 3 · Investment income

    total $142,553 · excluded $142,553

  • 7a · Gross sales of assets other than inventory

    securities $145,122 · other assets $8,111

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

    securities $144,623 · other assets $0

  • 7c · Gain or loss

    securities $499 · other assets $8,111

  • 7d · Net gain or loss

    total $8,610 · related or exempt $8,610

  • 8a · Fundraising events: gross income

    $396,867

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

    $4,354,265

  • 8b · Fundraising events: direct expenses

    $396,867

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $2,253 · related or exempt $2,253

  • 11e · Other revenue, total

    $2,253

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,100,000 · program services $5,100,000

  • 5 · Compensation of officers, directors and key employees

    total $361,563 · program services $144,625 · management and general $72,313 · fundraising $144,625

  • 7 · Other salaries and wages

    total $76,920 · program services $38,460 · fundraising $38,460

  • 10 · Payroll taxes

    total $20,126 · program services $8,639 · management and general $2,848 · fundraising $8,639

  • 11c · Fees: accounting

    total $54,482 · program services $14,026 · management and general $15,523 · fundraising $24,933

  • 11g · Fees: other

    total $41,266 · program services $20,633 · fundraising $20,633

  • 12 · Advertising and promotion

    total $1,405 · program services $1,405

  • 13 · Office expenses

    total $80,701 · program services $638 · management and general $4,973 · fundraising $75,090

  • 17 · Travel

    total $9,599 · program services $1,535 · management and general $97 · fundraising $7,967

  • 22 · Depreciation, depletion and amortization

    total $7,071 · management and general $7,071

  • 23 · Insurance

    total $4,786 · program services $300 · management and general $4,186 · fundraising $300

  • 24a · Other expenses: MISCELLANEOUS

    total $50,790 · program services $49,048 · management and general $350 · fundraising $1,392

  • 24b · Other expenses: LICENSES AND FEES

    total $1,776 · management and general $1,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400,512 · end of year $709,865

  • 2 · Savings and temporary cash investments

    beginning of year $2,204,080 · end of year $1,691,674

  • 3 · Pledges and grants receivable

    beginning of year $228,260 · end of year $127,546

  • 4 · Accounts receivable

    beginning of year $10,858 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,450 · end of year $2,664

  • 14 · Intangible assets

    end of year $56,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $52 · end of year $12,432

  • 27 · Net assets without donor restrictions

    beginning of year $2,845,108 · end of year $2,575,884

Mission and programs · 2023

Mission

TO HELP SOLDIERS AND THEIR FAMILIES BY PROVIDING FINANCIAL ASSISTANCE IN ORDER FOR THEM TO FURTHER THEIR EDUCATION.

  • THE JOHNNY MAC SOLDIERS FUND, INC. IS COMMITTED TO PROVIDING SUPPORT TO VETERANS BY PROVIDING ASSISTANCE WITH COLLEGE SCHOLARSHIPS AND GRANTS, FINANCIAL AID FOR PROFESSIONAL CERTIFICATION PROGRAMS AND NON-DEGREE PROGRAMS, AND EDUCATIONAL CAREER COUNSELING AND MENTORSHIP. IN LIGHT OF THIS MISSION, JOHNNY MAC SOLDIERS FUND, INC. GAVE GRANTS TO OTHER LIKE-MINDED ORGANIZATIONS WITH THE RESTRICTION THAT THE GRANTS BE USED TO FUND THE AFOREMENTIONED PURPOSES.

    Expenses $5,379,309 · Grants $5,100,000

As filed on the 2023 return.

Listed in Part VII

  • JOSEPH DEPINTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES DIORIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY GUZZI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VICTOR LOSURE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES MCHUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARYELLEN PICCIUTO

    PRESIDENT

    Total calculated
    $361,563
    From this org
    $297,250
    From related orgs
    $0
    Other
    $64,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,250
    Bonus
    $40,000
    Other
    $0
    Deferred
    $64,313
    Nontaxable benefits
    $0
    Filer's total
    $361,563

  • DAVID ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICK DALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TERRY FINLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KURT GUTIERREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT HEALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES HOYT

    TREASURER/CLERK

    Total calculated
    $0
    Hours/week
    2

  • JAMES HRADECKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICK O'CONNOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD PASCOE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID URBAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH AGRESTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS BLACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALEXANDER GELLERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SALVATORE FICHERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICK MINICOZZI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SALVATORE GIARDINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB EISIMINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB LOCKETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DIETMAR EXLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL MAGNESS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVE CANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL NOBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MALCOLM FROST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DEAN DORMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT. MEMBERS OF THE BOARD CONSIDER DATA FROM COMPARABLE NONPROFIT ORGANZIATIONS INCULDING SIZE, SCOPE, AND GEOGRAPHICAL LOCATION.

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

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202432849349300833

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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