Palm Beach Navy Seal Evening Of Tribute Inc
- Assets
- $754.0k
- Revenue
- $821.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 10/2016
- Data as of
- 02/2022
- EIN
- 81-1955263
Organization Overview
Palm Beach Navy Seal Evening Of Tribute Inc is located in Palm Beach, FL. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach Navy Seal Evening Of Tribute Inc 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 02/2022, Palm Beach Navy Seal Evening Of Tribute Inc generated $821.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $174.4k during the year ending 02/2022. 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
PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC.'S MISSION IS TO PROVIDE SUPPORT TO THE NAVY SEALS, HONOR THEM, AND RAISE FUNDS TO SUPPORT THE ORGANIZATIONS THAT ASSIST THEM (NAVY SEAL FOUNDATION, THE NAVY SEAL MUSEUM, AND TRIDENT HOUSE) BY PLANNING AND EXECUTING A CHARITABLE DINNER AND HOSTING OTHER SIMILAR EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACCOMPLISHMENT OF THIS ORGANIZATION WILL BE THE CONTRIBUTION OF FUNDS TO THE NAVY SEAL FOUNDATION AND RELATED ORGANIZATIONS. THIS OCCURED THROUGH THE INAUGURAL NAVY SEAL EVENING OF TRIBUTE EVENT HELD APRIL 2017 AND HAS CONTINUED TO OCCUR ON A BIENNIAL BASIS; HOWEVER, DUE TO THE CORONAVIRUS PANDEMIC, THE BIENNIAL EVENT SCHEDULED FOR 2021 WAS CANCELLED AND RESCHEDULED TO APRIL 6TH, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Williams Director | Trustee | 5 | $0 |
Jane Woodman Director | Trustee | 5 | $0 |
Margery Mccloskey Director | Trustee | 5 | $0 |
Matthew Smith Director | Trustee | 10 | $0 |
Michael Kluger Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $707,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,908 |
| Total Program Service Revenue | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $97,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $821,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $2,096 |
| Fees for services: Accounting | $1,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,356 |
| Advertising and promotion | $4,060 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,158 |
| 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 | $4,774 |
| Total functional expenses | $174,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,487 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $753,987 |
| Accounts payable and accrued expenses | $6,009 |
| 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 | $6,009 |
| 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 | $747,978 |
| Total liabilities and net assets/fund balances | $753,987 |
Grants Awarded
Over the last fiscal year, Palm Beach Navy Seal Evening Of Tribute Inc has awarded $3,000,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Virginia Beach, VA PURPOSE: TO SUPPORT THE NAVY SEAL FOUNDATION INC. | $500,000 |
Fort Pierce, FL PURPOSE: TO SUPPORT THE NAVY SEAL MUSEUM. | $500,000 |
Virginia Beach, VA PURPOSE: TO SUPPORT THE NAVY SEAL FOUNDATION INC. | $500,000 |
Fort Pierce, FL PURPOSE: TO SUPPORT THE NAVY SEAL MUSEUM. | $500,000 |
Fort Pierce, FL PURPOSE: TO SUPPORT THE NAVY SEAL MUSEUM. | $500,000 |
Virginia Beach, VA PURPOSE: TO SUPPORT THE NAVY SEAL FOUNDATION INC. | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Palm Beach Navy Seal Evening Of Tribute Inc has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Mullen Family Foundation Inc Chicago, IL PURPOSE: GENERAL PURPOSES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,500 |
The@sean And Beth Lang Family Foundation Palm Beach, FL PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tigers Unlimited Foundation Auburn, AL | $119,888,484 | $62,585,333 |
Illuminations Foundation Inc Alpharetta, GA | $6,093,722 | $37,103,304 |
Florida Gulf Coast University Financing Corporation Fort Myers, FL | $204,897,690 | $19,327,322 |
Dr Phillips Inc Orlando, FL | $219,173,154 | $19,084,709 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |
The Catholic Foundation Of Central Florida Inc Orlando, FL | $91,215,748 | $5,046,081 |
Jewish Family Services Of Broward Foundation Inc Davie, FL | $15,511,369 | $3,786,697 |