Gun Owners Foundation
- Assets
- $1.7m
- Revenue
- $774.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Springfield, VA
- Founding
- 06/1983
- Data as of
- 12/2022
- EIN
- 52-1297380
Organization Overview
Gun Owners Foundation is located in Springfield, VA. The organization was established in 1983. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Gun Owners Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gun Owners 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 12/2022, Gun Owners Foundation generated $774.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $331.8k during the year ending 12/2022. While expenses have increased by 9.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEFENDING AMERICA'S UNIQUE CONSTITUTIONAL RIGHT TO KEEP AND BEAR ARMS, THROUGH EDUCATION AND LEGAL ASSISTANCE IN IMPORTANT FIREARMS CASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM- THE FOUNDATION CONTINUES TO RESEARCH, PUBLISH AND DISTRIBUTE NUMEROUS BOOKS, MONOGRAPHS, ISSUE BRIEFS, AUDIO AND VIDEO TAPES, AND OTHER EDUCATIONAL MATERIALS RELATING TO FIREARMS RIGHTS.
LEGAL DEFENSE PROGRAM- LEGAL ASSISTANCE, COUNSELING AND EXPERT SUPPORT WAS PROVIDED TO INDIVIDUALS IN SELF DEFENSE/ SECOND AMENDMENT AND OTHER FIREARMS RELATED MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel A Paredes Sec/treas And Director | OfficerTrustee | 5 | $6,000 |
Timothy P Macy President And Director | OfficerTrustee | 3 | $0 |
Steven Hummell Director | Trustee | 0.5 | $0 |
William Kuchan Director | Trustee | 0.5 | $0 |
Dan Larocca Director | Trustee | 0.5 | $0 |
David Rush Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $72,242 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,055 |
| Total Program Service Revenue | $0 |
| Investment income | $1,560 |
| 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 | $774,615 |
| 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. | $71,200 |
| Compensation of current officers, directors, key employees. | $5,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,000 |
| Fees for services: Accounting | $21,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,250 |
| Advertising and promotion | $0 |
| Office expenses | $8,297 |
| Information technology | $0 |
| 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 | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $331,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,532,825 |
| Savings and temporary cash investments | $116,657 |
| 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 | $455 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,256 |
| Total assets | $1,714,193 |
| Accounts payable and accrued expenses | $39,561 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,276 |
| Total liabilities | $40,837 |
| Net assets without donor restrictions | $1,670,619 |
| Net assets with donor restrictions | $2,737 |
| 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 | $1,714,193 |