Defense Priorities Foundation
- Assets
- $574.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Arlington, VA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-0714113
Organization Overview
Defense Priorities Foundation is located in Arlington, VA. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Defense Priorities Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defense Priorities 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 12/2021, Defense Priorities Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INFORM CITIZENS, THOUGHT LEADERS, AND POLICY MAKERS OF THE IMPORTANCE OF A STRONG, DYNAMIC, MILITARY-USED MORE JUDICIOUSLY TO PROTECT AMERICA'S
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEFENSE PRIORITIES CONDUCTED EDUCATIONAL ACTIVITIES IN SUPPORT OF ITS MISSION SUCH AS CREATION AND DISTRIBUTION OF LITERATURE DISCUSSING THESE PURPOSES AND A WEBSITE AND EMAIL LIST TO PROVIDE INFORMATION AND EDUCATION WITH RESPECT TO THESE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward King President & Chairman | OfficerTrustee | 40 | $225,000 |
Jeff Frazee CFO & Director | OfficerTrustee | 1 | $0 |
William Ruger Secretary & Director | OfficerTrustee | 1 | $0 |
W James Antle III Director | Trustee | 1 | $0 |
Michael Desch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,095 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,250,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,829 |
| Compensation of current officers, directors, key employees. | $225,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $734,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,094 |
| Payroll taxes | $198,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,609 |
| Fees for services: Accounting | $1,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,020 |
| Office expenses | $6,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,379 |
| Travel | $2,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,676 |
| All other expenses | $9,964 |
| Total functional expenses | $1,316,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,924 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,924 |
| 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 | $4,066 |
| Other liabilities | $0 |
| Total liabilities | $4,066 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $570,858 |
| Total liabilities and net assets/fund balances | $574,924 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Defense Priorities Foundation has recieved totaling $1,545,000.
| Awarding Organization | Amount |
|---|---|
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $1,521,000 |
Charles Koch Foundation Arlington, VA PURPOSE: EDUCATIONAL PROGRAMS | $24,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Corus International Inc Baltimore, MD | $10,612,047 | $34,455 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |