Defense Priorities Foundation
- Assets
- $849.8k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Arlington, VA
- Founding
- 03/2016
- Data as of
- 12/2022
- 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 12/2022, Defense Priorities Foundation employed 17 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 12/2022, Defense Priorities Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 NARROWLY DEFINED NATIONAL INTERESTS AND PROMOTE A REALISTIC GRAND STRATEGY PRIORITIZING RESTRAINT, DIPLOMACY, AND FREE TRADE TO ENSURE U.S. SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEFENSE PRIORITIES FOUNDATION 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 Chairman | OfficerTrustee | 40 | $228,333 |
Jeff Frazee CFO | Trustee | 1 | $0 |
W James Antle III Director | Trustee | 1 | $0 |
William Ruger Secretary | 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 | $1,994,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,994,893 |
| 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 | $1,994,893 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $240,743 |
| Compensation of current officers, directors, key employees. | $28,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $989,699 |
| Pension plan accruals and contributions | $9,393 |
| Other employee benefits | $65,239 |
| Payroll taxes | $98,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $788 |
| Fees for services: Accounting | $18,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,422 |
| Advertising and promotion | $80,000 |
| Office expenses | $0 |
| Information technology | $18,940 |
| Royalties | $0 |
| Occupancy | $55,569 |
| Travel | $20,919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,127 |
| All other expenses | $2,316 |
| Total functional expenses | $1,772,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $847,889 |
| 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 | $1,862 |
| 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 | $849,751 |
| Accounts payable and accrued expenses | $13,720 |
| 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 | $13,720 |
| 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 | $836,031 |
| Total liabilities and net assets/fund balances | $849,751 |