Cia Officers Memorial Foundation
- Assets
- $53.6m
- Revenue
- $11.7m
- Investments
- $5.6m
- Employees
- 10
- Location
- Herndon, VA
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 52-2360463
Organization Overview
Cia Officers Memorial Foundation is located in Herndon, VA. The organization was established in 2001. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Cia Officers Memorial Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cia Officers Memorial 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 12/2023, Cia Officers Memorial Foundation generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 9 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 CIA OFFICERS MEMORIAL FOUNDATION CONTINUES TO HAVE THE EXCLUSIVE MISSION OF PROVIDING SCHOLARSHIPS AND OTHER FINANCIAL SUPPORT TO THE FAMILIES OF THE CIA OFFICERS WHO DIE WHILE ON ACTIVE DUTY. IN ADDITION, THE FOUNDATION CONSIDERS PROVIDING DIRECT SUPPORT AS NEEDED TO OFFICERS SEVERELY WOUNDED WHILE ON ASSIGNMENT IN DESIGNATED WAR ZONES AND OFFERS SCHOLARSHIP ASSISTANCE TO THEIR DEPENDENTS AS WELL. THE FOUNDATION ADDED A DAYCARE SUPPORT PROGRAM TO ITS PROGRAM SERVICES IN 2019 AND A CAREER SERVICES PROGRAM IN 2021.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL AND OTHER FINANCIAL ASSISTANCE TO THE FAMILIES OF CIA OFFICERS WHO LOST THEIR LIVES WHILE ON ACTIVE DUTY WITH THE CIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Haspel Chair | OfficerTrustee | 2 | $0 |
V Sue Bromley Vice Chair | OfficerTrustee | 2 | $0 |
Kevin Phillips Treasurer | OfficerTrustee | 2 | $0 |
Ross P Charkatz Director (thru 6/30/2023) | Trustee | 2 | $0 |
Henry Hank Crumpton Director | Trustee | 2 | $0 |
Christopher Darby Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $16,013 |
| Membership dues | $0 |
| Fundraising events | $7,281,586 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,360,235 |
| Noncash contributions included in lines 1a–1f | $76,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,657,834 |
| Total Program Service Revenue | $0 |
| Investment income | $1,429,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,972 |
| Net Income from Fundraising Events | -$462,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,677,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,731,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,492 |
| Compensation of current officers, directors, key employees. | $126,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $678 |
| Payroll taxes | $56,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $158,244 |
| Fees for services: Other | $29,593 |
| Advertising and promotion | $0 |
| Office expenses | $32,734 |
| Information technology | $9,678 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,789 |
| 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 | $438 |
| Insurance | $3,383 |
| All other expenses | $0 |
| Total functional expenses | $2,835,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,757,638 |
| Pledges and grants receivable | $1,287,736 |
| Accounts receivable, net | $45,871 |
| 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 | $9,867 |
| Net Land, buildings, and equipment | $2,187 |
| Investments—publicly traded securities | $37,904,910 |
| Investments—other securities | $5,565,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,573,910 |
| Accounts payable and accrued expenses | $70,256 |
| 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 | $70,256 |
| Net assets without donor restrictions | $53,403,654 |
| Net assets with donor restrictions | $100,000 |
| 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 | $53,573,910 |