Eagle Society EIN 99-3123437 Form 990 (PDF) Claim this org

Eagle Society

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Champions philanthropic solutions, stewards American values, and fosters civic engagement for future generations. For fiscal year 2025 it reported $623K in revenue, $729K in expenses, and $160K in net assets.Pt I

Founded
2024
Type
Public charity (501(c)(3)) · Education
Location
Franklin, TN
Filings
2 on file (2024–2025)
Revenue
$623KFY2025
Expenses
$729K
Net assets
$160K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  99-3123437 Public charity (501(c)(3)) Franklin, TN Founded 2024
Form 990 (PDF)
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Size
$100K–1M
What they do
Champions philanthropic solutions, stewards American values, and fosters civic engagement for future generations.
Leadership
Michael Davidson · President, F · $38K
Money in and out
$623K revenue, $729K expenses
Bottom line
93% program efficiency
Where the money goes · FY2025
Total revenue
$623K
Pt VIII · Ln 12
Total expenses
$729K
Pt IX · Ln 25
Net assets
$160K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$106K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.03 Fundraising $0.03
Program efficiency
93%
of spending reaches programs
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▼ -97% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▼ -119% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$623K
FY2025▲ +114%
Expenses
$729K
FY2025▲ ×29
Total assets
$243K
FY2025▼ -9%
Total liabilities
$83K
FY2025
Total revenue
$623K
Pt VIII · Ln 12
Total expenses
$729K
Pt IX · Ln 25
Net assets
$160K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$106K
Total assetsPt X · Ln 16$243K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEagle Society
EINHdr · item D99-3123437
Principal addressHdr · item CFranklin, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2024
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJul 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President, F
$37,528Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Davidson’s $38K as President, F is at the 29th percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024
Michael Davidson$37,528
Michael Davidson$2,964

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

2 program services account for $362K of program spending, described in the organization's own filed words · FY2025.
01

Delivered an impact cycle centered on pacific war legacy and veteran stewardship, including immersive, place-based civic education, historian- guided programming, and direct support to partner organizations.

$317Kprogram expense
02

Strategic initiatives

$45Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$623K
Investment income$40
Total revenueLn 12$623K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.03 Fundraising $0.03
Program services93%$679K
Management & general3%$25K
Fundraising3%$25K
Total functional expensesLn 25$729K

Balance Sheet

Part X · end of year
CashLn 1$243K
Total assetsLn 16$243K
Total liabilitiesLn 26$83K
Total net assetsLn 32$160K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $243K · Operating expenses/yr $729K
4.0 months
Where the money goes
Program services
Program services $679K · Total expenses $729K
93%
Management & General
Management & general $25K · Total expenses $729K
3%
Fundraising
Fundraising $25K · Total expenses $729K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $457K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $623K · Total revenue $623K
100%
Government reliance
Government grants — · Total revenue $623K
Earned-income share
Program service revenue $0 · Total revenue $623K
0%
Investment reliance
Investment income $40 · Total revenue $623K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $729K
0%
Growth & trend
Revenue growth (YoY)
This year $623K · Prior year $292K
+114%
Net-asset trend (YoY)
End of year $160K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $623K · Expenses $729K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $243K
Net-asset ratio
Net assets $160K · Total assets $243K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $243K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Davidson · Reported title PRESIDENT, F · Highest reported compensation $38K · Total expenses $729K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $254K · Total expenses $729K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 3%
Fundraising cost ratio 4%
Revenue growth 114%

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 · this organization's grantmaking
Grants paid · 1 grant · $45K · 2025–2025
Iwo Jima AssociationFY2025$45,425

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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
FY2025 (Latest)$623K revenue · viewing · ⤓ 990 PDF
FY2024$292K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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