Seal Veterans Foundation is located in Virginia Beach, VA. The organization was established in 2019. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seal Veterans 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, Seal Veterans Foundation generated $282.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $272.3k 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
VETERAN LIFE ASSISTANCE AND SCHOLARSHIP PROGRAMS FOR SEAL, UNDERWATER DEMOLITION TEAN AND SPECIAL WARFARE VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE SPECIAL WARFARE COMMUNITY AND THEIR FAMILIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janice Sadler Sectreasurer | Officer | 5 | $0 |
Gary Kirchner Dir Of Communications | Officer | 5 | $0 |
D Morrison President CEO | Officer | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $282,562 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $282,562 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $282,562 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $232,455 |
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 | $4,307 |
Fees for services: Accounting | $1,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $8,041 |
Office expenses | $8,650 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $5,189 |
Travel | $10,064 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,651 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $441 |
All other expenses | $0 |
Total functional expenses | $272,298 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $160,023 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,500 |
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 | $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 | $0 |
Total assets | $163,523 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $163,523 |
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 | $163,523 |
Over the last fiscal year, Seal Veterans Foundation has awarded $0 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Virginia Beach, VA PURPOSE: Assistance to Specail Warfare Families | $0 |
Cape Charles, VA PURPOSE: Assistance to Specail Warfare Families | $0 |
Over the last fiscal year, we have identified 1 grants that Seal Veterans Foundation has recieved totaling $3,000.
Awarding Organization | Amount |
---|---|
E S Chappell Charitable Trust Mechanicsville, VA PURPOSE: DONATION | $3,000 |
Organization Name | Assets | Revenue |
---|---|---|
Soles 4 Souls Old Hickory, TN | $32,677,835 | $92,759,575 |
Some Inc Washington, DC | $136,134,386 | $61,849,490 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Blessings In A Backpack Inc Louisville, KY | $14,548,161 | $11,518,539 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |
Loaves & Fishes - Friendship Trays Inc Charlotte, NC | $17,869,265 | $11,460,660 |
Area Congregations In Ministry Oxford, NC | $198,194 | $6,149,344 |