Memorial 3gun Foundation INC EIN 83-2246745

Memorial 3gun Foundation INC

EIN  83-2246745 Public charity (501(c)(3)) Jacksonville, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Honors fallen special operations soldiers through competitive shooting events.
Leadership
Erik Torres · President
Money in and out
$621K revenue, $625K expenses
Bottom line
91% program efficiency

Honors fallen special operations soldiers through competitive shooting events. For fiscal year 2023 it reported $621K in revenue, $625K in expenses, and $101K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
7.5mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -112% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$621K
FY2023▲ +14%
Expenses
$625K
FY2023▲ +20%
Total assets
$101K
FY2023▼ -3%
Total liabilities
$0
FY2023
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$101K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$101K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $569K of program spending, described in the organization's own filed words · FY2023.
01

Memorial 3GUN foundation inc is a non profit organization created to remember , honor, and memorialize the men and women's families of the U.S. Military who have fallen. The organization holds competitive shooting events which raises funds that go directly to the families of fallen soldiers honered at each event.

$569Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMemorial 3gun Foundation INC
EINHdr · item D83-2246745
Principal addressHdr · item CJacksonville, NC
WebsiteHdr · item Jwww.memorial3gun.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFFeb 2019

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 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
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$594K · 96%
Other revenue$27K · 4%
Contributions & grants96%$594K
Other revenue4%$27K
Investment income$97
Total revenueLn 12$621K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$569K
Management & general9%$56K
Total functional expensesLn 25$625K

Balance Sheet

Part X · end of year
CashLn 1$101K
Total assetsLn 16$101K
Total liabilitiesLn 26$0
Total net assetsLn 32$101K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $101K · Operating expenses (Pt IX) $625K · Less non-cash grants $465K · Cash operating expenses/yr $160K
7.5 months
Where the money goes
Program services
Program services $569K · Total expenses $625K
91%
Management & General
Management & general $56K · Total expenses $625K
9%
Fundraising
Fundraising $0 · Total expenses $625K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $538K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $594K · Total revenue $621K
96%
Government reliance
Government grants — · Total revenue $621K
Earned-income share
Program service revenue $0 · Total revenue $621K
0%
Investment reliance
Investment income $97 · Total revenue $621K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $625K
0%
Growth & trend
Revenue growth (YoY)
This year $621K · Prior year $547K
+14%
Net-asset trend (YoY)
End of year $101K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $621K · Expenses $625K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $101K
Net-asset ratio
Net assets $101K · Total assets $101K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $101K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erik Torres · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $625K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $50K · Total expenses $625K
8%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 14%

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 · FY2024
Total grants receivedfrom 3 funders$46K
See all 3 funders →
Grants paid · 4 grants · $488K · 2020–2023
Unitemized GrantFY2023$100,000
Unitemized GrantFY2022$119,500
Unitemized GrantFY2021$134,000
Unitemized GrantFY2020$134,000

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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
FY2023 (Latest)$621K revenue · viewing · ⤓ 990 PDF
FY2022$547K revenue · ⤓ 990 PDF
FY2021$582K revenue · ⤓ 990 PDF
FY2020$521K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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