Warrior Built Foundation INC EIN 47-4785678 Form 990 (PDF) Claim this org

Warrior Built Foundation INC

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Supports combat veterans through charitable programs and services. For fiscal year 2024 it reported $407K in revenue, $374K in expenses, and $161K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Lake Elsinore, CA
Website
www.warriorbuilt.org
Filings
5 on file (2020–2024)
Revenue
$407KFY2024
Expenses
$374K
Net assets
$161K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4785678 Public charity (501(c)(3)) Lake Elsinore, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports combat veterans through charitable programs and services.
Leadership
Nick Siemens · Secretary · $36K
Money in and out
$407K revenue, $374K expenses
Bottom line
94% program efficiency
Where the money goes · FY2024
Total revenue
$407K
Pt VIII · Ln 12
Total expenses
$374K
Pt IX · Ln 25
Net assets
$161K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $33K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -64% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +209% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$407K
FY2024▲ +5%
Expenses
$374K
FY2024▼ -10%
Total assets
$161K
FY2024▲ +26%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$407K
Pt VIII · Ln 12
Total expenses
$374K
Pt IX · Ln 25
Net assets
$161K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$33K
Total assetsPt X · Ln 16$161K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWarrior Built Foundation INC
EINHdr · item D47-4785678
Principal addressHdr · item CLake Elsinore, CA
WebsiteHdr · item Jwww.warriorbuilt.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F30)
Ruling yearIRS BMFNov 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$35,901Pt VII · Sec A
President
$35,102Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nick Siemens’s $36K as Secretary is at the 23rd percentile of top reported officer pay among 2082 $100K–1M mental health 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Nick Siemens$35,901
Nicholas Hamm$35,102$33,600$26,960$26,190$21,943

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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $353K of program spending, described in the organization's own filed words · FY2024.
01

Veterans recreational events, including the Baja 1000, King of the Hammers, MINT 400, and Vegas 2 Reno, and other races and action sports. Warrior Built pays 100 of all expenses for the veterans to attend and participate in these events including food, lodging, transportation, and race fees.

$255Kprogram expense
02

Veterans vocational therapy gives combat veterans the opportunity to learn fabrication and mechanics of different type of vehicles, whether it is an off-road vehicle, race car, classic car or motorcycle.

$98Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$407K
Total revenueLn 12$407K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$353K
Management & general6%$21K
Total functional expensesLn 25$374K

Balance Sheet

Part X · end of year
CashLn 1$12K
Total assetsLn 16$161K
Total liabilitiesLn 26$0
Total net assetsLn 32$161K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12K · Operating expenses (Pt IX) $374K · Less non-cash grants $15K · Cash operating expenses/yr $359K
0.4 months
Where the money goes
Program services
Program services $353K · Total expenses $374K
94%
Management & General
Management & general $21K · Total expenses $374K
6%
Fundraising
Fundraising $0 · Total expenses $374K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $481K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $407K · Total revenue $407K
100%
Government reliance
Government grants — · Total revenue $407K
Earned-income share
Program service revenue $0 · Total revenue $407K
0%
Investment reliance
Investment income $0 · Total revenue $407K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $374K
0%
Growth & trend
Revenue growth (YoY)
This year $407K · Prior year $387K
+5%
Revenue CAGR
FY2020 $311K · FY2024 $407K
+7%
Net-asset trend (YoY)
End of year $161K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $407K · Expenses $374K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $161K
Net-asset ratio
Net assets $161K · Total assets $161K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $161K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nick Siemens · Reported title Secretary · Highest reported compensation $36K · Total expenses $374K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $77K · Total expenses $374K
21%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$8K
Grants paid · 2 grants · $42K · 2023–2024
Unitemized GrantFY2024$25,814
Unitemized GrantFY2023$16,552

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$407K revenue · viewing · ⤓ 990 PDF
FY2023$387K revenue · ⤓ 990 PDF
FY2022$684K revenue · ⤓ 990 PDF
FY2021$658K revenue · ⤓ 990 PDF
FY2020$311K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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