Navy Special Operations Foundation EIN 82-3607020 Form 990 (PDF) Claim this org

Navy Special Operations Foundation

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Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Provides support and resources for Gold Star families, wounded warriors, and NSO members. For fiscal year 2021 it reported $137K in revenue, $160K in expenses, and $179K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Virginia Beach, VA
Website
www.nsofoundation.org
Filings
2 on file (2020–2021)
Revenue
$137KFY2021
Expenses
$160K
Net assets
$179K
People
5
Filings
2
Updates
0
More identity details & actions ⌄
EIN  82-3607020 Unknown exempt organization Virginia Beach, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides support and resources for Gold Star families, wounded warriors, and NSO members.
Leadership
S Fisher · Executive Director · $29K
Money in and out
$137K revenue, $160K expenses
Bottom line
-17% surplus margin
Reported financial activity · FY2021
Total revenue
$137K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Surplus margin
-17%
revenue over expenses, this year▼ -130% vs prior filing year
Program spending
86%
of expenses reach programs▲ +8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$137K
FY2021▼ -2%
Expenses
$160K
FY2021▲ +169%
Total assets
$179K
FY2021▼ -25%
Total liabilities
$0
FY2021▼ -100%
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$179K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNavy Special Operations Foundation
EINHdr · item D82-3607020
Principal addressHdr · item CVirginia Beach, VA
WebsiteHdr · item Jwww.nsofoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
Executive Director
$28,600Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairmen
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
S Fisher$28,600$20,300

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

3 program services account for $138K of program spending, described in the organization's own filed words · FY2021.
01

Warrior Care, Never Forgotten 5k and NSOF Gala 2021

$100Kprogram expense
02

Community Presence and NSO Memorial Project

$29Kprogram expense
03

Transition Programs and Youth and Family Programs

$10Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$137K
Total revenueLn 12$137K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$138K
Management & general14%$22K
Total functional expensesLn 25$160K

Balance Sheet

Part X · end of year
CashLn 1$175K
Total assetsLn 16$179K
Total liabilitiesLn 26$0
Total net assetsLn 32$179K
Months of cash on handcomputed13.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $175K · Operating expenses/yr $160K
13.1 months
Where the money goes
Program services
Program services $138K · Total expenses $160K
86%
Management & General
Management & general $22K · Total expenses $160K
14%
Fundraising
Fundraising $0 · Total expenses $160K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $137K
0%
Government reliance
Government grants — · Total revenue $137K
Earned-income share
Program service revenue $137K · Total revenue $137K
100%
Investment reliance
Investment income $0 · Total revenue $137K
0%
Program self-sufficiency
Program service revenue $137K · Total expenses $160K
85%
Growth & trend
Revenue growth (YoY)
This year $137K · Prior year $140K
-2%
Net-asset trend (YoY)
End of year $179K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $137K · Expenses $160K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $179K
Net-asset ratio
Net assets $179K · Total assets $179K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $179K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual S Fisher · Reported title Executive Director · Highest reported compensation $29K · Total expenses $160K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $160K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Revenue growth -2%

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 · funders on record
Grants received · FY2024
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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
FY2021 (Latest)$137K revenue · viewing · ⤓ 990 PDF
FY2020$140K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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