Asmba Star Foundation
- Assets
- $2.4m
- Revenue
- $294.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 02/2009
- Data as of
- 03/2024
- EIN
- 26-3180510
Organization Overview
Asmba Star Foundation, operating under the name Overwatch Alliance, is located in Goodlettsville, TN. The organization was established in 2009. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overwatch Alliance 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 03/2024, Overwatch Alliance generated $294.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $138.0k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR ALL MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASMBA STAR FOUNDATION AWARDS GRANTS TO OTHER MILITARY CHARITIES WHO ARE FOCUSED ON PROVIDING ASSISTANCE TO OUR NATION'S WOUNDED, ADDICTED, HOMELESS OR AT-RISK FOR BECOMING HOMELESS, UNEMPLOYED OR UNDEREMPLOYED, TRANSITIONING, AND UNDERSERVED MILITARY, VETERANS AND THEIR FAMILIES. WE HELP CHARITIES HEAL OUR NATION'S HEROES AND THEIR LOVED ONES BY PROVIDING SUPPORT IN THE AREAS OF EDUCATIONAL ASSISTANCE, RECREATIONAL OR THERAPEUTIC HEALING ACTIVITIES (INCLUDING RETREATS, AFTER-SCHOOL OR SUMMER ENRICHMENT ACTIVITIES FOR CHILDREN), FREE LEGAL OR BENEFITS COUNSELING, SERVICE DOGS TO WOUNDED/DISABLED VETERANS, HOUSING FOR HOMELESS VETERANS, AND SO MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Bumstead Chair | OfficerTrustee | 2 | $0 |
Dennis Tonneslan Vice Chair | OfficerTrustee | 2 | $0 |
Bill Armistead III Director | Trustee | 2 | $0 |
Jerry Breast Director | Trustee | 2 | $0 |
Susan Favero Director | Trustee | 2 | $0 |
Debra Kubiet Director | Trustee | 2 | $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 | $187,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,900 |
| Total Program Service Revenue | $0 |
| Investment income | $45,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,840 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,182 |
| Information technology | $1,373 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $138,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,100 |
| Savings and temporary cash investments | $429,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $728 |
| 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 | $46 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,982,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,415,045 |
| Accounts payable and accrued expenses | $15,302 |
| 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 | $15,302 |
| 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 | $2,399,743 |
| Total liabilities and net assets/fund balances | $2,415,045 |
Grants Awarded
Over the last fiscal year, Asmba Star Foundation has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE THE GAP FOUNDATION PURPOSE: MANUFACTURING TRAINING FOR TRANSITIONING SOLDIERS AND VETERANS. | $5,500 |
SAVE A WARRIOR PURPOSE: WEEK-LONG RETREATS FOR WOUNDED WARRIORS. | $7,000 |