Society Of Former Special Agents Of The Fbi Inc
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Dumfries, VA
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 20-4716067
Organization Overview
Society Of Former Special Agents Of The Fbi Inc is located in Dumfries, VA. The organization was established in 1985. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Society Of Former Special Agents Of The Fbi Inc employed 14 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society Of Former Special Agents Of The Fbi Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Society Of Former Special Agents Of The Fbi Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY IS A NON-PROFIT MEMBERSHIP ORGANIZATION FOR CURRENT AND FORMER FBI SPECIAL AGENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY MAINTAINS AN ELECTRONIC AND PRINTED DIRECTORY OF ALL MEMBERS. IT ALSO COMMUNICATES REGULARLY WITH ALL MEMBERS THROUGH A MONTHLY PRINTED MAGAZINE AND WEEKLY ELECTRONIC COMMUNICATIONS THAT PROVIDE TIMELY INFORMATION ON MATTERS OF SIGNIFICANCE TO ITS MEMBERS.
MEMBERSHIP DIRECTORY: BI-ANNUAL MEMBERSHIP INFORMATION LISTING IN PRINTED BOOK FORM AND ONLINE FORM. THIS DIRECTORY IS USED BY ALL MEMBERS TO NETWORK TOGETHER.
THE SOCIETY HOSTS AN ANNUAL CONFERENCE EACH YEAR IN A DIFFERENT PART OF THE COUNTRY FOR MEMBERS THAT INCLUDES BUSINESS MATTERS FOR THE SOCIETY, BUT ALSO RECREATIONAL AND NETWORKING OPPORTUNITIES.
THE SOCIETY'S 112 CHAPTERS ARE SUPPORTED THROUGH A MEMBERSHIP DATABASE AND MATERIALS SENT FROM SOCIETY HEADQUARTERS IN VIRGINIA. THE SOCIETY PROVIDES SUPPORT TO MEMBERS AND FAMILY MEMBERS CONCERNING THEIR FEDERAL BENEFITS. THE CHAPTERS PROVIDE LOCAL NETWORKING OPPORTUNITIES AND ONGOING TRAINING FOR MEMBERS. THE SOCIETY ALSO MAINTAINS AN ON-LINE CAREER CENTER ASSISTING MEMBERS OBTAIN POST-FBI EMPLOYMENT. THE SOCIETY ALSO PROVIDES CAREER DAYS IN LOCATIONS AROUND THE COUNTRY, WHERE SPEAKERS PROVIDE TRAINING TO ASSOCIATE AND REGULAR MEMBERS CONCERNING HOW TO OBTAIN EMPLOYMENT AFTER THEIR EMPLOYMENT WITH THE FBI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Lormel President | OfficerTrustee | 20 | $0 |
Michael Clark Regional Vice President (rvp); President | OfficerTrustee | 20 | $0 |
Kenneth Neu Foundation Chair | OfficerTrustee | 5 | $0 |
Michael Anderson Secretary | OfficerTrustee | 10 | $0 |
William Hurlburt Treasurer | OfficerTrustee | 10 | $0 |
Pedro David Ruiz Regional Vice President (rvp) | OfficerTrustee | 10 | $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 | $3,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,124 |
| Total Program Service Revenue | $976,681 |
| Investment income | $25,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,969 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,486 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,021,287 |
| 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. | $167,003 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,793 |
| Pension plan accruals and contributions | $3,688 |
| Other employee benefits | $18,160 |
| Payroll taxes | $22,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,466 |
| Fees for services: Accounting | $57,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,014 |
| Fees for services: Other | $6,369 |
| Advertising and promotion | $0 |
| Office expenses | $85,635 |
| Information technology | $48,066 |
| Royalties | $0 |
| Occupancy | $21,200 |
| Travel | $1,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216,542 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,941 |
| Insurance | $7,186 |
| All other expenses | $0 |
| Total functional expenses | $1,024,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,180 |
| Savings and temporary cash investments | $198,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,793 |
| Prepaid expenses and deferred charges | $44,944 |
| Net Land, buildings, and equipment | $566,781 |
| Investments—publicly traded securities | $868,693 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,930 |
| Total assets | $2,152,086 |
| Accounts payable and accrued expenses | $109,732 |
| Grants payable | $0 |
| Deferred revenue | $478,478 |
| 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 | $5,559 |
| Total liabilities | $593,769 |
| Net assets without donor restrictions | $1,558,317 |
| 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 | $2,152,086 |