Special Operators Transition Foundation Inc
- Assets
- $2.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Smyrna, GA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-2657728
Organization Overview
Special Operators Transition Foundation Inc, operating under the name Special Operators Transition Foundation (sotf), is located in Smyrna, GA. The organization was established in 2014. 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. As of 12/2023, Special Operators Transition Foundation (sotf) employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Special Operators Transition Foundation (sotf) 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 12/2023, Special Operators Transition Foundation (sotf) generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 8 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 SPECIAL OPERATORS TRANSITION FOUNDATION ("SOTF") ASSISTS SPECIAL OPERATION FORCES VETERANS TRANSITION FROM THE MILITARY INTO THEIR NEXT SUCCESSFUL CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S INITIAL FOCUS IS TO SERVE EXCLUSIVELY THE SPECIAL OPERATIONS COMMUNITY, AND ASSOCIATED PERSONNEL, WHO HAVE FACED COMBAT AND HIGH-RISK MISSIONS. SERVICES AND GRANTS PROVIDED VARY BY CASE BUT INCLUDE EMPLOYMENT TRANSITION SERVICES, PAID INTERNSHIPS, COOPERATIVE EDUCATION AND FAMILY STABILIZATION SUPPORT. FINDING A JOB IN TODAY'S MARKET IS COMPETITIVE AND DIFFICULT ENOUGH FOR THE AVERAGE INDIVIDUAL SEEKING EMPLOYMENT, BUT IT IS EVEN HARDER FOR SERVICE MEMBERS WHO HAVE SPENT THE LAST DECADE DEPLOYING TO COMBAT ZONES. ADDITIONALLY, FOR THOSE TRANSITIONING FROM YEARS OF SERVICE WITH A SPECIAL OPERATION UNIT, FINDING A POSITION IN TODAY'S BUSINESS WORLD BRINGS CERTAIN CHALLENGES NOT ORDINARILY FACED BY CIVILIANS. HOWEVER, SPECIAL OPERATIONS VETERANS HAVE A SIGNIFICANT ADVANTAGE OVER THEIR CIVILIAN COUNTERPARTS. THE FUNDAMENTAL DIFFERENCE FOUND IN SPECIAL OPERATIONS VETERANS IS THAT THEY EMBODY AND DEMONSTRATE AGILITY BY ANTICIPATING CHANGE, INITIATING ACTION, GENERATING CONFIDENCE, LIBERATING THINKING, AND EVALUATING RESULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Whaling Chairman | OfficerTrustee | 4 | $0 |
Jeff Jacobs Vice Chairman | OfficerTrustee | 4 | $0 |
Laurent Roux Treasurer | OfficerTrustee | 4 | $0 |
Clint Kollar Director | Trustee | 2 | $0 |
Dan Poritzky Director | Trustee | 2 | $0 |
Todd Koetje 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 | $1,811,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,811,676 |
| Total Program Service Revenue | $0 |
| Investment income | $33,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,844,989 |
| 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. | $185,938 |
| Compensation of current officers, directors, key employees. | $6,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $644,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $169,351 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $88,610 |
| Office expenses | $3,673 |
| Information technology | $11,893 |
| Royalties | $0 |
| Occupancy | $1,267 |
| Travel | $146,244 |
| 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 | $7,919 |
| Insurance | $4,407 |
| All other expenses | $0 |
| Total functional expenses | $1,796,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,355 |
| Savings and temporary cash investments | $624,191 |
| Pledges and grants receivable | $78,096 |
| 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 | $9,301 |
| Net Land, buildings, and equipment | $12,667 |
| Investments—publicly traded securities | $958,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $22,597 |
| Other assets | $0 |
| Total assets | $2,149,277 |
| Accounts payable and accrued expenses | $208,845 |
| 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 | $208,845 |
| Net assets without donor restrictions | $1,940,432 |
| 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 | $2,149,277 |