American Security Council Foundation
- Assets
- $3.0m
- Revenue
- $208.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Sebastian, FL
- Founding
- 08/1959
- Data as of
- 12/2021
- EIN
- 36-2416220
Organization Overview
American Security Council Foundation is located in Sebastian, FL. The organization was established in 1959. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, American Security Council Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Security Council 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, American Security Council Foundation generated $208.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $434.8k during the year ending 12/2021. 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
CONDUCTS EDUCATIONAL RESEARCH ON NATIONAL SECURITY ISSUES AND SEMINARS FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONTINUED IMPLEMENTATION OF A COMPREHENSIVE AND BIPARTISAN INTERNATIONAL SECURITY STRATEGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Laurence Sanford Director | Trustee | 40 | $54,000 |
Dr Joseph Crawford Chairman | Officer | 2 | $0 |
Dr Henry A Fischer President | Officer | 10 | $0 |
Dr Karen Hiltz Treasurer | Officer | 2 | $0 |
Mrs Elizabeth Fischer Secretary | Officer | 2 | $0 |
Hon George Maxwell III Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,931 |
| Total Program Service Revenue | $0 |
| Investment income | $88,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,846 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,004 |
| Payroll taxes | $18,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,300 |
| Fees for services: Accounting | $4,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,996 |
| Fees for services: Other | $17,552 |
| Advertising and promotion | $11,687 |
| Office expenses | $20,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,613 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,198 |
| Interest | $11,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,090 |
| Insurance | $3,186 |
| All other expenses | $755 |
| Total functional expenses | $434,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,626 |
| Savings and temporary cash investments | $79,600 |
| 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 | $525,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,945 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,332,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,240 |
| Other assets | $3,987 |
| Total assets | $3,003,853 |
| Accounts payable and accrued expenses | $16,561 |
| 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 | $350,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $367,269 |
| 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 | $2,636,584 |
| Total liabilities and net assets/fund balances | $3,003,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Outreach Aid To The Americas Inc Miami, FL | $1,187,873 | $7,702,357 |
Sea Turtle Conservancy Gainesville, FL | $6,664,013 | $4,663,410 |
American Security Council Foundation Sebastian, FL | $3,003,853 | $208,846 |
Naples Council On World Affairs Inc Naples, FL | $1,202,702 | $415,988 |
Committee For Responsible Foreign Policy Inc Lake Wales, FL | $8,383 | $278,000 |
Us For Belize Foundation Research & Environmental Education Gainesville, FL | $633,720 | $417,542 |
World Conference Of Mayors Inc Tuskegee, AL | $0 | $0 |
Clinical And Translational Genome Research Institute Inc Fort Myers Beach, FL | $0 | $0 |
Association Of Global South Studies Statesboro, GA | $214,447 | $0 |
Alliance For Responsible Cuba Policy Foundation Tampa, FL | $12,219 | $0 |
Center Of Studies On Economic Integration And International Trad Miami, FL | $7,376 | $0 |