The Unit Foundation
- Assets
- $3.1m
- Revenue
- $1.4m
- Investments
- $843.0k
- Employees
- 1
- Location
- Vass, NC
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-1954019
Organization Overview
The Unit Foundation is located in Vass, NC. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unit 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, Unit Foundation generated $1.4m in total revenue. All expenses for the organization totaled $678.5k during the year ending 12/2021. While expenses have increased by 92.3% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE SPECIAL FORCES UNIT MEMBERS, VETERAN UNIT MEMBERS AND GOLD STAR FAMILIES AND TO WORK IN SPACES NOT COVERED BY ANY OTHER SUPPORT APPARATUS. TO SERVE AS A "FUSING" FUNCTION TO CENTRALIZE SUPPORT EFFORTS FOR THE UNIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED SPECIAL FORCES UNIT MEMBERS, VETERAN UNIT MEMBERS AND GOLD STAR FAMILIES AND TO WORK IN SPACES NOT COVERED BY ANY OTHER SUPPORT AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy C Lively Secretary/tr | OfficerTrustee | 40 | $75,000 |
Robert W Lively II President | OfficerTrustee | 5 | $0 |
David A Roddenberry Jr Vice Preside | OfficerTrustee | 5 | $0 |
Bryan S Briggs Director | Trustee | 5 | $0 |
Pat Mccauley Director | Trustee | 5 | $0 |
Tony Thomas Director | Trustee | 5 | $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 | $1,226,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,226,181 |
| Total Program Service Revenue | $0 |
| Investment income | $136,239 |
| 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 | $1,362,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,775 |
| Grants and other assistance to domestic individuals. | $538,339 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,347 |
| Advertising and promotion | $2,344 |
| Office expenses | $4,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,424 |
| All other expenses | $0 |
| Total functional expenses | $678,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,890 |
| Savings and temporary cash investments | $2,000,724 |
| 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 | $843,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,107,614 |
| 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 | $2,528 |
| Total liabilities | $2,528 |
| 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 | $3,105,086 |
| Total liabilities and net assets/fund balances | $3,107,614 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that The Unit Foundation has recieved totaling $767,250.
| Awarding Organization | Amount |
|---|---|
Bellevue Foundation Dallas, TX PURPOSE: ADVANCED EDUCATION PRGRAMS, GOLD STAR FAMILIES | $300,000 |
Tull Fam Foundation Chicago, IL PURPOSE: GENERAL PURPOSE | $125,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $100,000 |
The Klump Family Foundation Inc Atlanta, GA PURPOSE: GENERAL | $93,750 |
Elk Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE MISSION TO SERVE UNIT MEMBERS, VETERAN UNIT MEMBERS, AND GOLD STAR FAMILIES AND TO WORK IN SPACES NOT COVERED BY ANY OTHER SUPPORT APPARATUS. | $62,500 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |