Sentinels Of Freedom Scholarshipfoundation
- Assets
- $5.1m
- Revenue
- $848.1k
- Investments
- $0.0
- Employees
- 7
- Location
- San Ramon, CA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8139201
Organization Overview
Sentinels Of Freedom Scholarshipfoundation is located in San Ramon, CA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Sentinels Of Freedom Scholarshipfoundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentinels Of Freedom Scholarshipfoundation 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, Sentinels Of Freedom Scholarshipfoundation generated $848.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sentinels Of Freedom Scholarshipfoundation has awarded 15 individual grants totaling $299,847. 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 FOUNDATION FORMED FOR THE PURPOSE OF ASSISTING VETERANS WHO HAVE SUFFERED SEVERE DUTY-RELATED INJURIES RESULTING IN PERMANENT PHYSICAL DISABILITY IN THEIR EFFORTS TO BECOME PRODUCTIVE, SELF-SUFFICIENT, INTEGRATED MEMBERS OF THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENTINELS OF FREEDOM SCHOLARSHIP FOUNDATION (THE FOUNDATION) IS A COLORADO NOT-FOR-PROFIT ORGANIZATION WHICH WAS FORMED AND COMMENCED ITS OPERATIONS IN JANUARY 2007 FOR THE PURPOSE OF ASSISTING VETERANS WHO HAVE SUFFERED SEVERE DUTY-RELATED INJURIES RESULTING IN PERMANENT PHYSICAL DISABILITY SINCE SEPTEMBER 11, 2001. THE ASSISTANCE IS INTENDED TO ENABLE THESE VETERANS TO BECOME PRODUCTIVE, SELF-SUFFICIENT, INTEGRATED MEMBERS OF THEIR COMMUNITY, AND TO RAISE AWARENESS OF THE SACRIFICE THESE VETERANS HAVE MADE IN ORDER TO MOTIVATE THE LOCAL COMMUNITY TO RALLY BEHIND THESE YOUNG MEN AND WOMEN AND ENSURE THEIR SUCCESS. THE FOUNDATION OFFERS A SCHOLARSHIP PACKAGE FOR EACH SENTINEL THAT MAY INCLUDE PROVIDING A HOME OR AN APARTMENT ADAPTED TO THE SPECIFIC DISABILITIES OF THE VETERAN,EMPLOYMENT AND EMPLOYMENT TRAINING, RELIABLE TRANSPORTATION, FINANCIAL AND CAREER COUNSELING, AND MENTORING.WE HAD 153 SENTINELS ON SCHOLARSHIP IN 2022 AND MAINTAINED A 90% SUCCESS RATING FOR GRADUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Conklin Chairman/ceo | OfficerTrustee | 40 | $152,688 |
Mike Sandy Secretary/cfo | OfficerTrustee | 40 | $104,088 |
Samantha Chapman VP Programs | OfficerTrustee | 40 | $91,506 |
Kent Strazza Treasurer | OfficerTrustee | 1.3 | $0 |
Daniel Coleman Board Member | Trustee | 0.8 | $0 |
Peter Walsh Board Member | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,875 |
| Related organizations | $0 |
| Government grants | $12,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $744,783 |
| Noncash contributions included in lines 1a–1f | $87,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $778,703 |
| Total Program Service Revenue | $0 |
| Investment income | $10,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,965 |
| Net Income from Fundraising Events | $55,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $848,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,284 |
| Grants and other assistance to domestic individuals. | $833,580 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $352,907 |
| Compensation of current officers, directors, key employees. | $87,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,393 |
| Advertising and promotion | $11,020 |
| Office expenses | $74,323 |
| Information technology | $27,128 |
| Royalties | $0 |
| Occupancy | $97,669 |
| Travel | $32,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225 |
| Insurance | $29,896 |
| All other expenses | $0 |
| Total functional expenses | $2,079,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,358 |
| Savings and temporary cash investments | $1,733,539 |
| 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 | $24,732 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $143,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,914,447 |
| Total assets | $5,128,218 |
| Accounts payable and accrued expenses | $60,679 |
| 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 | $2,154,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,297 |
| Total liabilities | $2,238,554 |
| Net assets without donor restrictions | $2,837,175 |
| Net assets with donor restrictions | $52,489 |
| 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 | $5,128,218 |
Grants Awarded
Over the last fiscal year, Sentinels Of Freedom Scholarshipfoundation has awarded $37,282 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF THE US ARMY PURPOSE: Membership | $7,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: Payment for Sentinel | $11,978 |
HOMES FOR OUR TROOPS CORP PURPOSE: Supporting House Build | $10,000 |
UNIVERSITY OF PHOENIX PURPOSE: Payment for Sentinel | $8,304 |