philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Asis Foundation INC

Tax-deductible

Alexandria, VA501(c)(3)Since 1966 EIN 52-0848090Revenue $191K in FY2025Latest return filed May 13, 2026

On file with the IRSasisonline.org/about-asis/asis-foundation1625 Prince Street, 22314-2882 · Alexandria, VATax-exempt since Mar 1967Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

The mission of the Asis Foundation, INC. Is to support and promote evidence-based research and provide scholarships for the global security profession.

501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 6
filings with a surplus
Average deficit $65K a year · 30% 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
44%
of spending
Concern: 44% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$233K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$191K
+36% vs prior year
Spent
$180K
To programs
44%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$191K
FY2025▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2020$302K
FY2021$229K
FY2022$256K
FY2023$195K
FY2024$141K
FY2025$191K
Expenses
$180K
FY2025▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$482K
FY2022$377K
FY2023$307K
FY2024$140K
FY2025$180K
Net assets
$1.4M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M
FY2025$1.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1967.

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

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $80K Management & general 49% · $88K Fundraising 7% · $12K

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

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Peter O'Neil Fasae Cae
Former Officer - CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
William Tenny
CEO (from July '24)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael C Petty
Vice Chair
$0Pt VII · Sec A
Timothy Kelly Psp
Secretary/Treasurer
$0Pt VII · Sec A
Dana Adams Cpp Cissp MBA
Trustee (to Dec '24)
$0Pt VII · Sec A
See Asis Foundation INC executive salaries →

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

Offers scholarships for global security professionals to advance research and education.

Questions for Asis Foundation INC

Tap to ask. Asis Foundation INC sees how many people are interested.

Your first name shows with your question. Asis Foundation INC answers here, for everyone.

2 programs · $80K · in their 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

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 · FY2020
Fidelity Investments Charitable Gift FundFY2020$6K
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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$191K
Ln 12
Investment incomeLn 3$119K
Gifts and grantsLn 1h$72K
Money outPt IX
$180K
Ln 25
Programscol B$80K
Managementcol C$88K
Fundraisingcol D$12K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$1.6M
LiabilitiesLn 26$233K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72K
Investment incomeLn 3$119K
Gains on assetsLn 7$66K
Total revenueLn 12$191K
Assets in detailPt X, end of year
SavingsLn 2$57K
Cash and savings togetherLn 1–2$57K
InvestmentsLn 11–13$1.4M
Other assetsLn 15$153K
Total assetsLn 16$1.6M
LiabilitiesLn 26$233K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$90K$57K
InvestmentsLn 11–13$1.3M$1.4M
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$92K$233K
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$25K$25K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$87K$46K$40K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$452$452
Information technologyLn 14$12K$12K
Conferences, conventions and meetingsLn 19$8K$8K
Other expenses (24a–d)Ln 24$25$25
Total functional expensesLn 25$180K$80K$88K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 13, 2026 $191K$180K$11K$1.4M 990 PDF
FY2024Filed with the IRS May 9, 2025 $141K$140K$930$1.4M 990 PDF
FY2023Filed with the IRS May 9, 2024 $195K$307K−$112K$1.3M 990 PDF
FY2022Filed with the IRS May 10, 2023 $256K$377K−$121K$1.3M 990 PDF
FY2021Filed with the IRS May 10, 2022 $229K$482K−$253K$1.8M 990 PDF
FY2020Filed with the IRS May 13, 2021 $302K$220K$81K$1.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $190,885 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,698$71,733
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $27,901$119,152
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $140,599$190,885
I-13 Grants and similar amounts paidPrior year $27,786$24,647
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $111,883$155,395
I-18 Total expensesPrior year $139,669$180,042
I-19 Revenue less expensesPrior year $930$10,843
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $190,885 across 5 lines filed
VIII-1f All other contributions, gifts and grants$71,733
VIII-1h Total contributions, gifts and grants$71,733
VIII-3 Investment incomeExcluded from tax $53,091$53,091
VIII-7 Net gain or loss on sales of assetsExcluded from tax $66,061$66,061
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $119,152$190,885
Part IX · Statement of functional expenses $180,042 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $24,647$24,647
IX-11b Legal feesManagement $20,191$20,191
IX-11c Accounting feesManagement $12,640$12,640
IX-11f Investment management feesManagement $6,774$6,774
IX-11g Other fees for servicesPrograms $46,459 · Management $40,177$86,636
IX-12 Advertising and promotionPrograms $8,698$8,698
IX-13 Office expensesManagement $452$452
IX-14 Information technologyFundraising $11,852$11,852
IX-19 Conferences, conventions and meetingsManagement $8,127$8,127
IX-24 Other expenses (24a–d)Management $25$25
IX-25 Total functional expensesPrograms $79,804 · Management $88,386 · Fundraising $11,852$180,042
Part X · Balance sheet $1,632,056 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $89,583$56,587
X-3 Pledges and grants receivableStart of year $494$495
X-8 Inventories for sale or useStart of year $280$282
X-11 Publicly traded securitiesStart of year $1,294,730$1,421,335
X-15 Other assetsStart of year $84,323$153,357
X-16 Total assetsStart of year $1,470,890$1,632,056
X-17 Accounts payable and accrued expensesStart of year $788$21,224
X-25 Other liabilitiesStart of year $91,131$211,279
X-26 Total liabilitiesStart of year $91,919$232,503
X-27 Net assets without donor restrictionsStart of year $1,347,105$1,363,868
X-28 Net assets with donor restrictionsStart of year $31,866$35,685
X-32 Total net assets or fund balancesStart of year $1,378,971$1,399,553
X-33 Total liabilities and net assetsStart of year $1,470,890$1,632,056
Part XI · Reconciliation of net assets $1,399,553 net assets at year end
XI-1 Total revenue$190,885
XI-2 Total expenses$180,042
XI-3 Revenue less expenses$10,843
XI-4 Net assets at start of year$1,378,971
XI-5 Net unrealized gains (losses) on investments$9,739
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,399,553

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.