Special Operations Warrior Foundation
- Assets
- $175.4m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Tampa, FL
- Founding
- 10/1995
- Data as of
- 12/2020
- EIN
- 52-1183585
Organization Overview
Special Operations Warrior Foundation is located in Tampa, FL. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Special Operations Warrior Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Operations Warrior Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Special Operations Warrior Foundation generated $16.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $11.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, TRANSPORTATION, AND PERSONAL EXPENSES.
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. IN HOME TUTORING WAS AVAILABLE TO ALL CHILDREN FROM KINDERGARTEN AGE THROUGH COLLEGE GRADUATION. THE FOUNDATION ALSO FUNDED VISITS TO COLLEGES FOR HIGH SCHOOL SENIORS.THE FOUNDATION CONDUCTS AN ANNUAL COLLEGE PREPARATION CONFERENCE/SEMINAR FOR OUR HIGH SCHOOL JUNIORS AND SENIORS. THE STUDENTS ARE LODGED ON A COLLEGE CAMPUS, COACHED IN COLLEGE FINANCES, SOCIAL RESPONSIBILITIES, TAUGHT HOW TO WRITE A COLLEGE ADMISSIONS ESSAY, LEARN ABOUT EXPECTATIONS FROM COLLEGE PROFESSORS, AND ARE MENTORED BY SOWF COLLEGE GRADUATES. THE FOUNDATION PAYS THE FULL COST OF ALL TRANSPORTATION, LODGING, AND MEALS. THE COST OF THE 2021 PROGRAM WAS $39,476.IN 2021 THE FOUNDATION PROVIDED GRANTS TOTALING $252,882 TO FAMILIES WITH PRE-SCHOOL CHILDREN AGES 2-5. THIS PROGRAM BEGAN IN SEPTEMBER 2017 AND IS NOW A PERMANENT ADDITION TO THE PROGRAM SERVICES THE FOUNDATION PROVIDES.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton M Hutmacher President/ceo | OfficerTrustee | 40 | $235,393 |
Sean Corrigan Executive Vice President | Officer | 40 | $170,480 |
Edith Rosenthal Senior Director Of Program | 40 | $134,190 | |
David Redmond Treasurer | OfficerTrustee | 6 | $0 |
Thomas D Arthur Secretary | OfficerTrustee | 6 | $0 |
Raymond Tony Thomas III Chairman | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,901,646 |
| Investment income | $4,619,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $820,049 |
| Net Income from Fundraising Events | $54,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,396,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,957,803 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $404,522 |
| Other salaries and wages | $1,076,125 |
| Pension plan accruals and contributions | $94,920 |
| Other employee benefits | $0 |
| Payroll taxes | $119,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $466,547 |
| Fees for services: Other | $101,304 |
| Advertising and promotion | $65,598 |
| Office expenses | $36,639 |
| Information technology | $43,034 |
| Royalties | $0 |
| Occupancy | $61,071 |
| Travel | $26,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,152 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,718 |
| Insurance | $11,897 |
| All other expenses | $0 |
| Total functional expenses | $11,193,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,944,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $179,938 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,729 |
| Investments—publicly traded securities | $170,394,764 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,400,415 |
| Accounts payable and accrued expenses | $182,727 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,376,000 |
| Total liabilities | $55,558,727 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $119,841,688 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Special Operations Warrior Foundation has recieved totaling $28,900.
| Awarding Organization | Amount |
|---|---|
Depuy Fam Foundation Tr Alexandria, VA PURPOSE: TO SUPPORT CHARITABLE ACTIVITIES. | $15,000 |
Sgt Kay Foundation Kirkland, WA PURPOSE: EDUCATIONAL OPPORTUNITIES FOR US VETERANS & THEIR FAMILIES | $5,000 |
The Lowry Murphey Family Foundation Inc Tampa, FL PURPOSE: COMMUNITY | $5,000 |
Deer Valley Foundation Kirtland, OH PURPOSE: DONATION | $1,500 |
Michael A & Pamela S Crane Family Foundation Berkeley, CA PURPOSE: SCHOLARSHIPS | $1,400 |
John C And Mary Jane Howard Foundation Richland, MI PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $170,394,764 |
| Earnings | $28,985,580 |
| Admin Expense | $434,719 |
| Net Contributions | $8,691,039 |
| Ending Balance | $207,636,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |