Army War College Foundation Incorporated
- Assets
- $21.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Carlisle, PA
- Founding
- 09/1979
- Data as of
- 07/2022
- EIN
- 23-2034407
Organization Overview
Army War College Foundation Incorporated is located in Carlisle, PA. The organization was established in 1979. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 07/2022, Army War College Foundation Incorporated employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Army War College Foundation Incorporated 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 07/2022, Army War College Foundation Incorporated generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.2m during the year ending 07/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ENGAGES IN CHARITABLE AND EDUCATIONAL ENDEAVORS SOLELY FOR THE BENEFIT OF THE U.S. ARMY WAR COLLEGE AND ITS RESPECTIVE PURPOSES, PROGRAMS, AND GRADUATES. THE FOUNDATION SUPPORT PROVIDES THE MARGIN OF EXCELLENCE THAT ENABLES THE COLLEGE TO BETTER EDUCATE AND DEVELOP LEADERS FOR SERVICE AT THE STRATEGIC LEVEL WHILE ADVANCING KNOWLEDGE IN THE GLOBAL APPLICATION OF LANDPOWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AWCF ACADEMIC PROGRAMS SUPPORTED THROUGHOUT THE YEAR CONSISTED OF THE FOLLOWING: CHAIR OF WAR STUDIES, DESERIO CHAIR OF STRATEGIC INTELLIGENCE, CHAIR OF STRATEGIC LEADERSHIP, FACULTY AUGMENTATION AND GRANTS, VARIOUS LECTURES, WRITING AND SPEAKING AWARDS, CSL PROGRAMS, INDUSTRY DAY, ARMY STRATEGIC EDUCATION PROGRAM, CARLISLE SCHOLARS PROGRAM, ADVANCED STRATEGIC ART PROGRAM, ARMY LEADER DAY, THE STRATEGIC STUDIES INSTITUTES, CARLISLE SCHOLARS PROGRAM, AND THE COMMANDANT'S READING PROGRAM. ADDITIONALLY, THE BOARD COMMITTED OVER $2M FOR PROJECTS RELATED TO THE NEW ACADEMIC BUILDING TO BE COMPLETED IN 2023. IN THIS FY, WE PRESENTED 17 WRITING AND SPEAKING AWARDS FOR BOTH RESIDENT AND DISTANCE EDUCATION PROGRAM GRADUATING STUDENTS, AS WELL AS U.S. ARMY WAR COLLEGE FELLOWS. THERE WERE SEVEN MAJOR WAR COLLEGE FACULTY WRITING AWARDS, FOUR COLLEGE FACULTY CHAIRS, AND FOUR LANDPOWER ESSAY AWARDS TO EXTERNAL AUTHORS. INDUSTRY DAY WAS HELD WITH 25 REPRESENTATIVES FROM DEFENSE COMPANIES OR ORGANIZATIONS, AS WELL AS THE CHIEF OF STAFF OF THE ARMY. FUNDING WAS PROVIDED TO ASSIST IN EXECUTING THE BASIC STRATEGIC ART PROGRAM AND THE NOMINATIVE LEADER COURSES. THE ADVANCED STRATEGIC ART AND CARLISLE SCHOLARS PROGRAMS SUPPORTED SPECIAL STUDIES FOR 16 SELECTED STUDENTS EACH. THE ARMY LEADER DAY MADE IT POSSIBLE FOR 24 DEPARTMENT OF ARMY SENIOR GENERAL OFFICERS AND CIVILIAN LEADERS TO MEET WITH THE WAR COLLEGE STUDENTS ON STRATEGIC LEADER TOPICS. FUNDING THROUGHOUT THE ACADEMIC YEAR PROVIDED FOR DISTINGUISHED LECTURERS AND ELECTIVES SPEAKERS TO PRESENT ACADEMIC TOPICS THAT OTHERWISE WOULD NOT BE POSSIBLE. ACADEMIC PROGRAM FUNDING SUPPORTED THE HOSTING OF SENIOR LEADERS, GOVERNMENT OFFICIALS, AND OTHER GUESTS OF THE USAWC WHO PROVIDED RELEVANT AND TIMELY ACADEMIC MATERIAL IN A VARIETY OF FORMATS, COURSES, AND EVENTS.
THE AWCF PROGRAM ENHANCEMENTS THROUGHOUT THE YEAR CONSISTED OF EXECUTIVE SERVICES, MILITARY FAMILY PROGRAM, INTERNATIONAL FELLOWS PROGRAM, ALUMNI SERVICES, STRATEGIC LEADERSHIP DEVELOPMENT PROGRAM, PRESS ACTIVITIES, AND SPECIAL EVENTS, SUCH AS SERVICE BIRTHDAY COMMEMORATIONS. THERE WERE 80 INTERNATIONAL FELLOWS AND THEIR FAMILIES FROM 75 DIFFERENT COUNTRIES THIS FISCAL YEAR, AND THEY RECEIVED ORIENTATIONS TO THE U.S. AND ITS DEMOCRATIC, LEGAL, AND POLITICAL FOUNDATIONS. THERE WERE SEVERAL STRATEGIC LEADER STAFF RIDES WHICH PROVIDED STRATEGIC LEADER PROGRAMS FOR THE COLLEGE IN ITS OUTREACH PROGRAMS.
THE ARMY WAR COLLEGE FOUNDATION GIFT SHOP IS A BENEFIT TO THE MEMBERS OF THE FOUNDATION AND ALSO AS A GIFT SHOP FOR THE GENERAL ARMY WAR COLLEGE POPULATION. THE COLLEGE USES THE FOUNDATION GIFT SHOP AS A SOURCE OF GIFTS AND MEMENTOS FOR SPEAKERS, TRIP VISITS TO WASHINGTON DC AND NEW YORK CITY, AND GUESTS OF ALL KINDS. THE FOUNDATION USES THE GIFT SHOP AS AN INCENTIVE FOR MEMBERSHIP. FOUNDATION MEMBERS RECEIVE 20% OFF THE PURCHASE OF MOST ITEMS IN THE STORE. ANYTHING PRICED OVER $300 IS DISCOUNTED 10% FOR MEMBERS. A SELECT NUMBER OF THE NON-CONSIGNMENT ITEMS WERE ALSO SOLD VIA AN ONLINE STORE. MEMBERS WERE PROVIDED A DISCOUNT CODE IN THE MAGAZINE TO USE WHEN PURCHASING ONLINE. WHEN APPLIED AT CHECKOUT, THIS CODE GAVE THE SAME DISCOUNT THAT MEMBERS RECEIVED IN THE SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaitlyn J Sands Former Corporate Development Offi | 40 | $110,000 | |
Col Ret Ruth Collins President And CEO | Officer | 40 | $105,000 |
Ltg Ret P K Keen Chairman | OfficerTrustee | 3 | $0 |
Mr Frank C Sullivan Vice Chairman | OfficerTrustee | 2 | $0 |
Mr Joseph A Loscalzo Treasurer | OfficerTrustee | 1 | $0 |
Mg Ret Mari K Eder PHD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $137,221 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,866,067 |
| Noncash contributions included in lines 1a–1f | $84,469 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,003,288 |
| Total Program Service Revenue | $0 |
| Investment income | $675,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,183 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,157 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $80,008 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,863,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $47,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,537 |
| Pension plan accruals and contributions | $9,301 |
| Other employee benefits | $0 |
| Payroll taxes | $37,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,898 |
| Fees for services: Other | $20,321 |
| Advertising and promotion | $894 |
| Office expenses | $48,068 |
| Information technology | $19,591 |
| Royalties | $23 |
| Occupancy | $0 |
| Travel | $434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,568 |
| Insurance | $4,024 |
| All other expenses | $22,760 |
| Total functional expenses | $4,217,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,264,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,526 |
| Prepaid expenses and deferred charges | $8,931 |
| Net Land, buildings, and equipment | $48,629 |
| Investments—publicly traded securities | $19,585,135 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,024,371 |
| Accounts payable and accrued expenses | $2,128,174 |
| 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 | $2,128,174 |
| Net assets without donor restrictions | $14,095,474 |
| Net assets with donor restrictions | $4,800,723 |
| 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 | $21,024,371 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Army War College Foundation Incorporated has recieved totaling $34,218.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Fjc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,150 |
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $3,362 |
Troxel Family Foundation Inc New Providence, NJ PURPOSE: NEW ALUMNI PARK | $2,000 |
Blake Family Charitable Foundation Marco Island, FL PURPOSE: OPERATING PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $3,911,635 |
| Earnings | -$233,665 |
| Admin Expense | $5,746 |
| Other Expense | $346,033 |
| Ending Balance | $3,326,191 |
Peer Organizations
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|---|---|---|
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Wilberforce University Wilberforce, OH | $28,180,485 | $40,652,171 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Boricua College New York, NY | $59,386,544 | $9,310,938 |
Purchase College Association Inc Suny College At Purchase Purchase, NY | $7,359,023 | $12,412,930 |
Bard College Berlin A Liberal Arts University Ggmbh Annandaleonhudson, NY | $6,902,665 | $9,754,938 |
Art Academy Of Cincinnati Cincinnati, OH | $6,583,513 | $9,495,180 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
The College Of New Jersey Foundation Inc Ewing, NJ | $60,398,961 | $30,765,630 |
Fei Tian College Cuddebackville, NY | $23,027,384 | $17,138,947 |
Pontifical College Josephinum Columbus, OH | $57,627,425 | $9,311,900 |