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The Soarway Foundation FY2023 filing

Tax-deductible

Bristow, VA501(c)(3)Since 2015International EIN 47-3883147Revenue $232K in FY2023

On file with the IRSsoarway-foundation.org12512 Cavalier Forest CT, 20136-2744 · Bristow, VATax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The Soarway foundation's purpose is to address, coordinate and provide aid and relief to nepal on a local and global level.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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 5
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$232K
+86% vs prior year
Spent
$112K
To programs
50%
Net assets
$137K
By yearFY2020–FY2025
Revenue
$232K
FY2023▲ +86%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$259K
FY2022$125K
FY2023$232K
FY2024$41K
FY2025$203K
Expenses
$112K
FY2023▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$257K
FY2022$196K
FY2023$112K
FY2024$109K
FY2025$159K
Net assets
$137K
FY2023▲ +525%
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2021$34K
FY2022−$32K
FY2023$137K
FY2024$70K
FY2025$114K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Feb 2016.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $56K Management & general 42% · $47K Fundraising 8% · $9K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Scott Delisi
Executive Director
$0Pt VII · Sec A
Devin Orsi
Executive Vice President
$0Pt VII · Sec A
Eric Sagun
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Scott Delisi’s $40K as Executive Director is at the 36th percentile of top reported officer pay among 1637 $100K–1M international 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.

See The Soarway 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

Provides aid and relief to Nepal, coordinating local and global efforts.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2023
01

The Soarway Foundations purpose is to address, coordinate and provide aid and relief to Nepal on a local and global level.

$56Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Network for Good INCFY2024$28K
Total grants receivedfrom 1 funder$28K
Grants paid · 2 grants · $57K · 2025–2025
International Development InstituteFY2025$50,000
Binaytara FoundationWA · FY2025$7,425

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$232K
Ln 12
Gifts and grantsLn 1h$232K
Money outPt IX
$112K
Ln 25
Programscol B$56K
Managementcol C$47K
Fundraisingcol D$9K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$137K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$232K
Fundraising eventsLn 1c$232K
Total revenueLn 12$232K
Assets in detailPt X, end of year
CashLn 1$137K
Cash and savings togetherLn 1–2$137K
Land, buildings, equipmentLn 10c$452
Total assetsLn 16$137K
LiabilitiesLn 26$0
Net assetsLn 32$137K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$17K$137K
Land, buildings, equipmentLn 10c$753$452
Total assetsLn 16$18K$137K
LiabilitiesLn 26$50K$0
Net assetsLn 32−$32K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$56K$56K
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$157$157
Office expensesLn 13$648$648
Information technologyLn 14$415$415
Depreciation, depletion and amortizationLn 22$301$301
InsuranceLn 23$958$958
Other expenses (24a–d)Ln 24$7K$797$6K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$112K$56K$47K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $203K$159K$44K$114K 990 PDF
FY2024 $41K$109K−$67K$70K 990 PDF
FY2023 Viewing $232K$112K$120K$137K 990 PDF
FY2022 $125K$196K−$71K−$32K 990 PDF
FY2021 $259K$257K$3K$34K 990 PDF
FY2020 $173K$31K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $232,216 revenue, 12 lines filed
I-8 Contributions and grants$232,216
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$232,216
I-13 Grants and similar amounts paid$55,880
I-14 Benefits paid to members$0
I-15 Salaries and benefits$43,060
I-16a Professional fundraising fees$0
I-17 Other expenses$13,513
I-18 Total expenses$112,453
I-19 Revenue less expenses$119,763
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $232,216 across 3 lines filed
VIII-1c Fundraising events$232,216
VIII-1h Total contributions, gifts and grants$232,216
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$232,216
Part IX · Statement of functional expenses $112,453 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $55,880$55,880
IX-7 Other salaries and wagesManagement $40,000$40,000
IX-10 Payroll taxesManagement $3,060$3,060
IX-11c Accounting feesManagement $1,500$1,500
IX-12 Advertising and promotionFundraising $157$157
IX-13 Office expensesManagement $648$648
IX-14 Information technologyManagement $415$415
IX-22 Depreciation, depletion and amortizationPrograms $301$301
IX-23 InsuranceManagement $958$958
IX-24 Other expenses (24a–d)Management $797 · Fundraising $6,345$7,142
IX-24e All other expensesFundraising $2,392$2,392
IX-25 Total functional expensesPrograms $56,181 · Management $47,378 · Fundraising $8,894$112,453
Part X · Balance sheet $137,402 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $16,886$136,950
X-10c Land, buildings and equipment, netStart of year $753$452
X-16 Total assetsStart of year $17,639$137,402
X-26 Total liabilitiesStart of year $50,000$0
X-27 Net assets without donor restrictionsStart of year −$32,361$137,402
X-32 Total net assets or fund balancesStart of year −$32,361$137,402
X-33 Total liabilities and net assetsStart of year $17,639$137,402
Part XI · Reconciliation of net assets $137,402 net assets at year end
XI-1 Total revenue$232,216
XI-2 Total expenses$112,453
XI-3 Revenue less expenses$119,763
XI-4 Net assets at start of year−$32,361
XI-8 Prior period adjustments$50,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$137,402

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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