Special Operations Warrior Foundation FY2021 filing

Tax-deductible

Tampa, FL501(c)(3)Since 1980EducationEIN 52-1183585Revenue $35.3M in FY2021

On file with the IRSspecialops.org1137 Marbella Plaza Dr, 33619-7905 · Tampa, FLTax-exempt since Oct 1995Publicly supported charity — 170(b)(1)(A)(vi)

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To ensure full financial assistance for a post-secondary degree from an accredited two or four year college, university, technical, or trade school (public or private, in-state and out of state) as well as educational counseling and tutoring to the surviving children of army, navy, air force and marine corps Special Operations personnel who lose their lives in the line-of-duty and children of medal of honor recipients, and to provide immediate financial assistance to severely combat wounded, ill or severely injured, and hospitalized Special Operations personnel and their families.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$540K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $12.1M a year · 44% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$540K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $202K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$61.4M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35.3M
+115% vs prior year
Spent
$12.8M
To programs
90%
Net assets
$150.8M
By yearFY2020–FY2024
Revenue
$35.3M
FY2021▲ +115%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.4M
FY2021$35.3M
FY2022$15.3M
FY2023$16.8M
FY2024$53.9M
Expenses
$12.8M
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.2M
FY2021$12.8M
FY2022$14.8M
FY2023$18.4M
FY2024$20.2M
Net assets
$150.8M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$119.8M
FY2021$150.8M
FY2022$115.8M
FY2023$144.3M
FY2024$173.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1995.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $11.5M Management & general 5% · $575K Fundraising 6% · $721K

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

26 people listed on the 990; $540K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$235,393Pt VII · Sec A
Executive Vice President
$170,480Pt VII · Sec A
Senior Director of Program
$134,190Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Clayton M Hutmacher’s $286K as President/CEO is at the 62nd percentile of top reported officer pay among 3683 $10–100M education 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Clayton M Hutmacher$285,677$271,726$247,856$235,393$234,042
Sean Corrigan$195,975$191,404$175,004$170,480$170,480
Barbara Secor$136,845$120,935———
Kelly Becker$135,964————
Edith Rosenthal——$107,034$134,190$135,332
Greg Von Schottenstein—$126,000———
Angel Mason$121,910$116,105———
Lisa Henson$105,216————

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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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 15aYes

Programs and updates

Provides college funding, tutoring, and family aid for children of fallen and wounded special operations personnel and Medal of Honor recipients.

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Provided by the organization

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3 programs · $11.5M · in their own filed words · FY2021
01

Scholarship Grants

210 children attended colleges or other post secondary educational institutions in 2021 and the foundation also coordinated grants with outside agencies that, additionally, provided approximatley $3.4 million to the children attending college, our grants include funding for tuition, room and board, books, tutoring, computers, fees…

$10.2Mprogram expense
02

Counseling and Tutoring

The foundation provided educational counseling to over 800 children that have not yet reached college age or started their post secondary education. 235 of these children were in middle and high school and received academic planning materials and started preparing to begin their post secondary education.

$997Kprogram expense
03

Support to Special Operations Wounded Personnel

The foundation provided direct financial support to 29 severely combat wounded or injured special operations people and their families while the wounded special operations service members recovered in a U.S.HOSPITAL.

$250Kprogram 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 · FY2025
See all 6 funders →
Grants paid · 15 grants · $28.9M · 2020–2024
Unitemized GrantFY2024$5,699,410
Unitemized GrantFY2024$2,804,951
Unitemized GrantFY2024$312,357
Unitemized GrantFY2023$4,901,324
Unitemized GrantFY2023$1,812,528
Unitemized GrantFY2023$296,901
Unitemized GrantFY2022$3,932,835
Unitemized GrantFY2022$1,159,693
Unitemized GrantFY2022$189,510
Unitemized GrantFY2021$3,397,911
Unitemized GrantFY2021$663,260
Unitemized GrantFY2021$138,482
Unitemized GrantFY2020$3,347,452
Unitemized GrantFY2020$156,275
Unitemized GrantFY2020$126,612

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$35.3M
Ln 12
Investment incomeLn 3$20.6M
Gifts and grantsLn 1h$14.9M
Money outPt IX
$12.8M
Ln 25
Programscol B$11.5M
Managementcol C$575K
Fundraisingcol D$721K
Owns and owesPt X
$150.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$212.2M
LiabilitiesLn 26$61.4M
PeoplePt VI, VII
26
listed · VII A
PaidVII A3
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.9M
Noncash giftsLn 1g$248K
Fundraising eventsLn 1c$2.1M
Investment incomeLn 3$20.6M
Gains on assetsLn 7$12.1M
Total revenueLn 12$35.3M
Assets in detailPt X, end of year
CashLn 1$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$207.6M
Land, buildings, equipmentLn 10c$833K
Total assetsLn 16$212.2M
LiabilitiesLn 26$61.4M
Net assetsLn 32$150.8M
OperationsPt I, VI
EmployeesI 518
VolunteersI 6200
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$3.9M$3.6M
InvestmentsLn 11–13$170.4M$207.6M
Land, buildings, equipmentLn 10c$863K$833K
Total assetsLn 16$175.4M$212.2M
LiabilitiesLn 26$55.6M$61.4M
Net assetsLn 32$119.8M$150.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.2M$4.2M
Pay of current officers, directors and key staffLn 5$540K$270K$108K$162K
Other salaries and wagesLn 7$972K$486K$194K$291K
Pension plan contributionsLn 8$124K$62K$25K$37K
Payroll taxesLn 10$128K$64K$38K$26K
Accounting feesLn 11c$41K$18K$9K$14K
Investment management feesLn 11f$435K$348K$43K$43K
Other fees for servicesLn 11g$115K$16K$88K$11K
Advertising and promotionLn 12$61K$36K$24K
Office expensesLn 13$41K$19K$9K$14K
Information technologyLn 14$70K$31K$15K$24K
OccupancyLn 16$60K$27K$13K$20K
TravelLn 17$74K$33K$16K$25K
Conferences, conventions and meetingsLn 19$2K$1K$504$817
Depreciation, depletion and amortizationLn 22$44K$20K$9K$15K
InsuranceLn 23$40K$18K$8K$14K
Other expenses (24a–d)Ln 24$5.8M$5.8M
Total functional expensesLn 25$12.8M$11.5M$575K$721K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $53.9M$20.2M$33.7M$173.2M 990 PDF
FY2023 $16.8M$18.4M−$1.6M$144.3M 990 PDF
FY2022 $15.3M$14.8M$426K$115.8M 990 PDF
FY2021 Viewing $35.3M$12.8M$22.6M$150.8M 990 PDF
FY2020 $16.4M$11.2M$5.2M$119.8M 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 FY2021 990 (6 parts)
Part I · Summary $35,320,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,901,646$14,871,397
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,439,925$20,558,572
I-11 Other revenuePrior year $54,551−$109,675
I-12 Total revenuePrior year $16,396,122$35,320,294
I-13 Grants and similar amounts paidPrior year $3,957,803$4,199,653
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,695,016$1,762,894
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,540,817$6,801,759
I-18 Total expensesPrior year $11,193,636$12,764,306
I-19 Revenue less expensesPrior year $5,202,486$22,555,988
Part VI · Governance 23 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members23
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $35,320,294 across 8 lines filed
VIII-1c Fundraising events$2,095,344
VIII-1f All other contributions, gifts and grants$12,776,053
VIII-1g Noncash contributions (included above)$248,108
VIII-1h Total contributions, gifts and grants$14,871,397
VIII-3 Investment incomeExcluded from tax $8,461,530$8,461,530
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,097,042$12,097,042
VIII-8 Net income from fundraising eventsExcluded from tax −$109,675−$109,675
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,448,897$35,320,294
Part IX · Statement of functional expenses $12,764,306 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $4,199,653$4,199,653
IX-5 Pay of current officers, directors and key staffPrograms $270,032 · Management $108,013 · Fundraising $162,019$540,064
IX-7 Other salaries and wagesPrograms $485,751 · Management $194,300 · Fundraising $291,451$971,502
IX-8 Pension plan contributionsPrograms $61,843 · Management $24,737 · Fundraising $37,106$123,686
IX-10 Payroll taxesPrograms $63,821 · Management $38,293 · Fundraising $25,528$127,642
IX-11c Accounting feesPrograms $18,423 · Management $8,597 · Fundraising $13,920$40,940
IX-11f Investment management feesPrograms $347,775 · Management $43,472 · Fundraising $43,472$434,719
IX-11g Other fees for servicesPrograms $16,471 · Management $87,677 · Fundraising $10,656$114,804
IX-12 Advertising and promotionPrograms $36,347 · Fundraising $24,232$60,579
IX-13 Office expensesPrograms $18,674 · Management $8,715 · Fundraising $14,109$41,498
IX-14 Information technologyPrograms $31,369 · Management $14,639 · Fundraising $23,701$69,709
IX-16 OccupancyPrograms $26,984 · Management $12,593 · Fundraising $20,388$59,965
IX-17 TravelPrograms $33,339 · Management $15,558 · Fundraising $25,189$74,086
IX-19 Conferences, conventions and meetingsPrograms $1,081 · Management $504 · Fundraising $817$2,402
IX-22 Depreciation, depletion and amortizationPrograms $19,840 · Management $9,259 · Fundraising $14,990$44,089
IX-23 InsurancePrograms $17,986 · Management $8,393 · Fundraising $13,589$39,968
IX-24 Other expenses (24a–d)Programs $5,819,000$5,819,000
IX-25 Total functional expensesPrograms $11,468,389 · Management $574,750 · Fundraising $721,167$12,764,306
Part X · Balance sheet $212,246,211 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $3,944,146$3,622,543
X-3 Pledges and grants receivableStart of year $179,938$115,000
X-9 Prepaid expenses and deferred chargesStart of year $18,729$39,057
X-10c Land, buildings and equipment, netStart of year $862,838$832,947
X-11 Publicly traded securitiesStart of year $170,394,764$207,636,664
X-16 Total assetsStart of year $175,400,415$212,246,211
X-17 Accounts payable and accrued expensesStart of year $182,727$226,527
X-25 Other liabilitiesStart of year $55,376,000$61,195,000
X-26 Total liabilitiesStart of year $55,558,727$61,421,527
X-27 Net assets without donor restrictionsStart of year $118,346,832$149,250,236
X-28 Net assets with donor restrictionsStart of year $1,494,856$1,574,448
X-32 Total net assets or fund balancesStart of year $119,841,688$150,824,684
X-33 Total liabilities and net assetsStart of year $175,400,415$212,246,211
Part XI · Reconciliation of net assets $150,824,684 net assets at year end
XI-1 Total revenue$35,320,294
XI-2 Total expenses$12,764,306
XI-3 Revenue less expenses$22,555,988
XI-4 Net assets at start of year$119,841,688
XI-5 Net unrealized gains (losses) on investments$8,427,008
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$150,824,684

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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