Asis Foundation INC EIN 52-0848090 Form 990 (PDF) Claim this org

Asis Foundation INC

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Offers scholarships for global security professionals to advance research and education. For fiscal year 2024 it reported $191K in revenue, $180K in expenses, and $1.4M in net assets.Pt I

Founded
1966
Type
Public charity (501(c)(3)) · Nonprofit
Location
Alexandria, VA
Website
asisonline.org/about-asis/asis-foundation
Filings
5 on file (2020–2024)
Revenue
$191KFY2024
Expenses
$180K
Net assets
$1.4M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-0848090 Public charity (501(c)(3)) Alexandria, VA Founded 1966
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers scholarships for global security professionals to advance research and education.
Leadership
Peter O'Neil Fasae CAE · Former Officer - CEO
Money in and out
$191K revenue, $180K expenses
Bottom line
44% program efficiency
Where the money goes · FY2024
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.49 Fundraising $0.07
Program efficiency
44%
of spending reaches programs▼ -46% vs prior filing year
Operating runway
98.5mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +759% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$191K
FY2024▲ +36%
Expenses
$180K
FY2024▲ +29%
Total assets
$1.6M
FY2024▲ +11%
Total liabilities
$233K
FY2024▲ +153%
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAsis Foundation INC
EINHdr · item D52-0848090
Principal addressHdr · item CAlexandria, VA
Year of formationHdr · item L1966
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Former Officer - CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
CEO (from July '24)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Trustee (to Dec '24)
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $80K of program spending, described in the organization's own filed words · FY2024.
01

Evidence

Based research for the security industry.

$46Kprogram expense
02

Scholarships

Provide scholarship awards for individuals pursuing degrees AND/OR certifications in security.

$33Kprogram expense

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Statement of Revenue

Part VIII
Investment income$119K · 62%
Contributions & grants$72K · 38%
Investment income62%$119K
Contributions & grants38%$72K
Total revenueLn 12$191K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.49 Fundraising $0.07
Program services44%$80K
Management & general49%$88K
Fundraising7%$12K
Total functional expensesLn 25$180K

Balance Sheet

Part X · end of year
CashLn 1$57K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$233K
Total net assetsLn 32$1.4M
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $180K
98.5 months
Where the money goes
Program services
Program services $80K · Total expenses $180K
44%
Management & General
Management & general $88K · Total expenses $180K
49%
Fundraising
Fundraising $12K · Total expenses $180K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $105K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $191K
38%
Government reliance
Government grants — · Total revenue $191K
Earned-income share
Program service revenue $0 · Total revenue $191K
0%
Investment reliance
Investment income $119K · Total revenue $191K
+62%
Program self-sufficiency
Program service revenue $0 · Total expenses $180K
0%
Growth & trend
Revenue growth (YoY)
This year $191K · Prior year $141K
+36%
Revenue CAGR
FY2019 $302K · FY2024 $191K
-9%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $191K · Expenses $180K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.4M · Total assets $1.6M
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
87%
People & payroll
Highest Reported Total Compensation
Individual Linda Denicola · Reported title CFO · Highest reported compensation $0 · Total expenses $180K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $180K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 49%
Fundraising cost ratio 17%
Revenue growth 36%

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 · FY2020
Total grants receivedfrom 1 funder$6K
Grants paid · 7 grants · $372K · 2019–2024
Unitemized GrantFY2024$24,647
Unitemized GrantFY2023$27,616
Unitemized GrantFY2022$42,685
Unitemized GrantFY2021$80,992
Unitemized GrantFY2020$116,586
Unitemized GrantFY2019$69,232
Dewitt Clinton Elementary SchoolFY2019$10,000

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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$141K revenue · ⤓ 990 PDF
FY2023$195K revenue · ⤓ 990 PDF
FY2022$256K revenue · ⤓ 990 PDF
FY2021$229K revenue · ⤓ 990 PDF
FY2020$302K 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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