Fleet Reserve Association FY2021 filing

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See part III, line 1.

501(c)(19) veterans' organization; the IRS lists gifts to it as tax-deductible.
$211K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $479K a year · 19% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Pay to officers and key staff
$211K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $2.9M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+52% vs prior year
Spent
$3.1M
Net assets
$2.8M
By yearFY2020–FY2022
Revenue
$3.2M
FY2021▲ +52%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$3.2M
FY2022$2.3M
Expenses
$3.1M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$3.1M
FY2022$2.9M
Net assets
$2.8M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$1.7M

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 (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Mar 2009.

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

Who runs it and what they're paid

15 people listed on the 990; $211K paid to officers and key staff.

Part VII, Section A · reportable compensation
National Executive Director
$108,777Pt VII · Sec A
National Finance Officer
$102,673Pt VII · Sec A
National Vice President
$0Pt VII · Sec A
National Parliamentarian
$0Pt VII · Sec A
National Chaplain
$0Pt VII · Sec A
JR. Past National President
$0Pt VII · Sec A
Reg Pres. Ne/Neng
$0Pt VII · Sec A
Reg Pres. East Coast
$0Pt VII · Sec A

Christopher J Slawinski’s $112K as National Exec Director is at the 28th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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 · 5 named individuals · Part VII

NameFY2022FY2021FY2020
Christopher J Slawinski$112,023$108,777—
Phillip Reid$105,111$102,673$60,083
Christopher Slawinski——$104,423
John R Davis$104,007——
Bryan Proctor——$29,247

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

Advocates for sea service members, veterans, and their families on pay, benefits, and quality of life issues.

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

Communications

Activities include marketing initiatives and weekly legislative email updates; publishing and distribution "fra today" monthly magazine and a quarterly on-line publication to all members and other interested parties focused on items of interest to active, retired, reservist and veterans of the sea services; additionally the…

Pt IX · col B
02

Legislative

Activites associated with legislative and advocacy work at the national level on behalf of membership on pay, benefits and quality of life programs for members of the sea services, veterans and their spouses and dependents.

Pt IX · col B
03

Member Services

Activities include individual member support, branch mailings, membership outreach and longevity recognition awards for members, their spouses and dependents.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Other incomeLn 4–11$1.9M
Fees for servicesLn 2g$871K
Gifts and grantsLn 1h$251K
Money outPt IX
$3.1M
Ln 25
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$5.1M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$251K
Fees for servicesLn 2g$871K
Investment incomeLn 3$194K
Other incomeLn 4–11$1.9M
Gains on assetsLn 7$62K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$297K
Cash and savings togetherLn 1–2$298K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$784
Total assetsLn 16$5.1M
LiabilitiesLn 26$2.3M
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 522
VolunteersI 6100
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$118K$298K
InvestmentsLn 11–13$2.3M$2.9M
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$4.5M$5.1M
LiabilitiesLn 26$1.9M$2.3M
Net assetsLn 32$2.6M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K
Pay of current officers, directors and key staffLn 5$233K
Other salaries and wagesLn 7$1.1M
Pension plan contributionsLn 8$86K
Other employee benefitsLn 9$90K
Payroll taxesLn 10$105K
Legal feesLn 11b$14K
Accounting feesLn 11c$54K
Investment management feesLn 11f$14K
Other fees for servicesLn 11g$8K
Advertising and promotionLn 12$52K
Office expensesLn 13$210K
OccupancyLn 16$54K
TravelLn 17$108K
Conferences, conventions and meetingsLn 19$120K
Depreciation, depletion and amortizationLn 22$63K
InsuranceLn 23$60K
Other expenses (24a–d)Ln 24$642K
All other expensesLn 24e$54K
Total functional expensesLn 25$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $2.3M$2.9M−$607K$1.7M 990 PDF
FY2021 Viewing $3.2M$3.1M$64K$2.8M 990 PDF
FY2020 $2.1M$3.0M−$893K$2.6M 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $3,173,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $591,116$250,802
I-9 Program service revenuePrior year $953,795$870,863
I-10 Investment incomePrior year $232,755$193,797
I-11 Other revenuePrior year $306,060$1,857,845
I-12 Total revenuePrior year $2,083,726$3,173,307
I-13 Grants and similar amounts paidPrior year $47,211$3,802
I-14 Benefits paid to membersPrior year $671$0
I-15 Salaries and benefitsPrior year $1,644,676$1,652,855
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,283,685$1,452,628
I-18 Total expensesPrior year $2,976,243$3,109,285
I-19 Revenue less expensesPrior year −$892,517$64,022
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
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 $3,173,307 across 9 lines filed
Lines not itemized here account for $2,127 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$250,802
VIII-1h Total contributions, gifts and grants$250,802
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $637,761 · Unrelated business $233,102$870,863
VIII-3 Investment incomeExcluded from tax $132,234$132,234
VIII-5 RoyaltiesExcluded from tax $99,399$99,399
VIII-6 Net rental income or lossExcluded from tax $14,900$14,900
VIII-7 Net gain or loss on sales of assetsExcluded from tax $61,563$61,563
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,741,419$1,741,419
VIII-12 Total revenueRelated to mission $639,888 · Unrelated business $233,102 · Excluded from tax $2,049,515$3,173,307
Part IX · Statement of functional expenses $3,109,285 across 19 lines filed
IX-2 Grants to domestic individuals$3,802
IX-5 Pay of current officers, directors and key staff$232,565
IX-7 Other salaries and wages$1,139,389
IX-8 Pension plan contributions$86,110
IX-9 Other employee benefits$89,702
IX-10 Payroll taxes$105,089
IX-11b Legal fees$13,536
IX-11c Accounting fees$54,363
IX-11f Investment management fees$13,750
IX-11g Other fees for services$7,826
IX-12 Advertising and promotion$51,972
IX-13 Office expenses$209,676
IX-16 Occupancy$54,030
IX-17 Travel$107,945
IX-19 Conferences, conventions and meetings$119,870
IX-22 Depreciation, depletion and amortization$63,054
IX-23 Insurance$59,974
IX-24 Other expenses (24a–d)$642,490
IX-24e All other expenses$54,142
IX-25 Total functional expenses$3,109,285
Part X · Balance sheet $5,138,696 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year −$7,059$1,617
X-2 Savings and temporary cash investmentsStart of year $125,145$296,516
X-4 Accounts receivableStart of year $169,667$101,042
X-8 Inventories for sale or useStart of year $11,793$8,929
X-9 Prepaid expenses and deferred chargesStart of year $210,863$218,544
X-10c Land, buildings and equipment, netStart of year $1,706,743$1,648,290
X-11 Publicly traded securitiesStart of year $2,316,407$2,862,974
X-15 Other assetsStart of year $784$784
X-16 Total assetsStart of year $4,534,343$5,138,696
X-17 Accounts payable and accrued expensesStart of year $113,410$126,850
X-19 Deferred revenueStart of year $1,765,444$1,841,010
X-26 Total liabilitiesStart of year $1,942,216$2,341,222
X-27 Net assets without donor restrictionsStart of year $285,570$1,850,484
X-28 Net assets with donor restrictionsStart of year $2,306,557$946,990
X-32 Total net assets or fund balancesStart of year $2,592,127$2,797,474
X-33 Total liabilities and net assetsStart of year $4,534,343$5,138,696
Part XI · Reconciliation of net assets $2,797,474 net assets at year end
XI-1 Total revenue$3,173,307
XI-2 Total expenses$3,109,285
XI-3 Revenue less expenses$64,022
XI-4 Net assets at start of year$2,592,127
XI-5 Net unrealized gains (losses) on investments$141,603
XI-8 Prior period adjustments−$278
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,797,474

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

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