Society Of Sponsors Of The United States Navy
- Assets
- $826.9k
- Revenue
- $54.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Placitas, NM
- Founding
- 02/1932
- Data as of
- 04/2022
- EIN
- 52-6050931
Organization Overview
Society Of Sponsors Of The United States Navy is located in Placitas, NM. The organization was established in 1932. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. Society Of Sponsors Of The United States Navy 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 04/2022, Society Of Sponsors Of The United States Navy generated $54.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $78.9k during the year ending 04/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society Of Sponsors Of The United States Navy has awarded 53 individual grants totaling $171,617. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY'S PURPOSE IS TO STRENGTHEN APPRECIATION OF THE U.S. NAVY THROUGH THE PROVISION OF SCHOLARSHIPS AND OTHER RELATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO SELECTED NAVY PERSONNEL, FAMILIES, AND PROGRAMS AT THE RECOMMENDATION OF NAVAL ACADEMY ALUMNI FOUNDATION AND CENTENNIAL SCHOLARSHIPS ADMINISTERED BY THE MARINE CORPS SCHOLARSHIP FOUNDATION.
PROVIDE CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS SERVING EXEMPT PURPOSES OF THE SOCIETY SUCH AS SEMPER FI FUND, NAVY SAFE HARBOR FOUNDATION, NAVY-MARINE CORPS RELIEF FUND, NATIONAL MILITARY FAMILY ASSOCIATION, NAVAL HISTORICAL FOUNDATION AND TRAGEDY ASSISTANCE PROGRAM FOR SURVIVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Ball First Vice President | OfficerTrustee | 1 | $0 |
Gloria Valdez Treasurer | OfficerTrustee | 5 | $0 |
Ellen Roughead Recording Secretary | OfficerTrustee | 0.33 | $0 |
Ann Zumwalt Second Vice President | OfficerTrustee | 2 | $0 |
Donna Willard Corresponding Secretary | OfficerTrustee | 0.25 | $0 |
Kathy Smith Third Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,725 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,660 |
| Total Program Service Revenue | $0 |
| Investment income | $14,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,900 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,174 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,598 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,346 |
| Total functional expenses | $78,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,439 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $733,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $826,893 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $826,893 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $826,893 |
Grants Awarded
Over the last fiscal year, Society Of Sponsors Of The United States Navy has awarded $56,292 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: SCHOLARSHIP SUPPORT | $10,000 |
Alexandria, VA PURPOSE: SCHOLARSHIP SUPPORT | $10,000 |
Alexandria, VA PURPOSE: SCHOLARSHIP SUPPORT | $10,000 |
Annapolis, MD PURPOSE: SCHOLARSHIP SUPPORT | $8,764 |
Annapolis, MD PURPOSE: SCHOLARSHIP SUPPORT | $8,764 |
Annapolis, MD PURPOSE: SCHOLARSHIP SUPPORT | $8,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
American Legion Clovis, NM | $323,823 | $3,104,581 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
A Sanctuary For Military Families Inc Granby, CO | $1,662,699 | $1,856,266 |
American Legion Clovis, NM | $235,874 | $1,801,640 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |
Wish For Our Heroes Inc San Antonio, TX | $1,716,093 | $1,811,976 |
American Legion Apache Junction, AZ | $3,212,238 | $3,405,557 |
Paralyzed Veterans Of America Phoenix, AZ | $1,356,804 | $1,158,050 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |