Hillvets Foundation FY2024 filing

Tax-deductible

Alexandria, VA501(c)(19)Since 2015Public & Societal BenefitEIN 47-3616097Revenue $516K in FY2024

On file with the IRShillvets.org8180 Fernlake CT, 22309-1210 · Alexandria, VATax-exempt since Jun 2015

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To serve the community of veterans, service members, and supporters in our nations capitol with opportunity, mentorship, housing, peer support, and training in their pursuit of continued service in

501(c)(19) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $22K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $170K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
−$4K
-1% of total assets
Looks good: liabilities are -1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$516K
+44% vs prior year
Spent
$381K
To programs
80%
Net assets
$295K
By yearFY2020–FY2025
Revenue
$516K
FY2024▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$436K
FY2021$263K
FY2022$506K
FY2023$357K
FY2024$516K
FY2025$240K
Expenses
$381K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$374K
FY2021$404K
FY2022$504K
FY2023$364K
FY2024$381K
FY2025$424K
Net assets
$295K
FY2024▲ +84%
Tap a bar for its year
Net assets by fiscal year
FY2020$305K
FY2021$164K
FY2022$167K
FY2023$160K
FY2024$295K
FY2025$131K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $305K Management & general 14% · $52K Fundraising 6% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Justin Brown’s $6K as Chairman is at the 6th percentile of top reported officer pay among 1044 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Justin Brown$6,000$36,000$36,000$36,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hillvets Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects veterans and supporters in D.C. with opportunities, mentorship, housing, and peer support.

Questions for Hillvets Foundation

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Provided by the organization

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3 programs · $305K · in their own filed words · FY2024
01

In 2024, hillvets strengthened its commitment to empowering the

$305Kprogram expense
02

In terms of empowerment, hillvets placed over 12 veterans as fellows

Pt IX · col B
03

Communitive-building initiatives include hosting regular alumni and

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$170K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$516K
Ln 12
Gifts and grantsLn 1h$516K
Money outPt IX
$381K
Ln 25
Programscol B$305K
Managementcol C$52K
Fundraisingcol D$24K
Owns and owesPt X
$295K
net assets · Ln 32
Cash and savingsLn 1–2$259K
Total assetsLn 16$291K
LiabilitiesLn 26−$4K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$516K
Total revenueLn 12$516K
Assets in detailPt X, end of year
CashLn 1$259K
Cash and savings togetherLn 1–2$259K
Land, buildings, equipmentLn 10c$32K
Total assetsLn 16$291K
LiabilitiesLn 26−$4K
Net assetsLn 32$295K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$125K$259K
Land, buildings, equipmentLn 10c$35K$32K
Total assetsLn 16$159K$291K
LiabilitiesLn 26−$667−$4K
Net assetsLn 32$160K$295K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$82K$61K$2K$19K
Pension plan contributionsLn 8$2K$1K$47$427
Other employee benefitsLn 9$7K$5K$192$2K
Payroll taxesLn 10$3K$2K$72$645
Management feesLn 11a$36K$36K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$4K$1K$881$2K
Office expensesLn 13$2K$763$1K
Information technologyLn 14$3K$2K$401
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$227K$225K$2K
All other expensesLn 24e$499$189$310
Total functional expensesLn 25$381K$305K$52K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $240K$424K−$184K$131K 990 PDF
FY2024 Viewing $516K$381K$135K$295K 990 PDF
FY2023 $357K$364K−$7K$160K 990 PDF
FY2022 $506K$504K$3K$167K 990 PDF
FY2021 $263K$404K−$141K$164K 990 PDF
FY2020 $436K$374K$63K$305K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $515,903 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $357,152$515,903
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $357,152$515,903
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $107,875$93,675
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $256,291$287,384
I-18 Total expensesPrior year $364,166$381,059
I-19 Revenue less expensesPrior year −$7,014$134,844
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $515,903 across 4 lines filed
VIII-1f All other contributions, gifts and grants$515,903
VIII-1h Total contributions, gifts and grants$515,903
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$515,903
Part IX · Statement of functional expenses $381,059 across 15 lines filed
IX-7 Other salaries and wagesPrograms $60,747 · Management $2,097 · Fundraising $18,873$81,717
IX-8 Pension plan contributionsPrograms $1,375 · Management $47 · Fundraising $427$1,849
IX-9 Other employee benefitsPrograms $5,440 · Management $192 · Fundraising $1,684$7,316
IX-10 Payroll taxesPrograms $2,076 · Management $72 · Fundraising $645$2,793
IX-11a Management feesManagement $36,029$36,029
IX-11c Accounting feesManagement $1,917$1,917
IX-12 Advertising and promotionPrograms $1,099 · Management $881 · Fundraising $2,457$4,437
IX-13 Office expensesPrograms $763 · Management $1,403$2,166
IX-14 Information technologyPrograms $2,264 · Management $401$2,665
IX-17 TravelPrograms $4,223$4,223
IX-19 Conferences, conventions and meetingsManagement $4,745$4,745
IX-22 Depreciation, depletion and amortizationManagement $2,162$2,162
IX-23 InsurancePrograms $1,480$1,480
IX-24 Other expenses (24a–d)Programs $225,303 · Management $1,758$227,061
IX-24e All other expensesPrograms $189 · Management $310$499
IX-25 Total functional expensesPrograms $304,959 · Management $52,014 · Fundraising $24,086$381,059
Part X · Balance sheet $291,374 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $124,864$259,032
X-10c Land, buildings and equipment, netStart of year $34,504$32,342
X-16 Total assetsStart of year $159,368$291,374
X-25 Other liabilitiesStart of year −$667−$3,507
X-26 Total liabilitiesStart of year −$667−$3,507
X-27 Net assets without donor restrictionsStart of year $160,035$294,881
X-32 Total net assets or fund balancesStart of year $160,035$294,881
X-33 Total liabilities and net assetsStart of year $159,368$291,374
Part XI · Reconciliation of net assets $294,881 net assets at year end
XI-1 Total revenue$515,903
XI-2 Total expenses$381,059
XI-3 Revenue less expenses$134,844
XI-4 Net assets at start of year$160,035
XI-8 Prior period adjustments$2
XI-10 Net assets at end of year$294,881

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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