1162 Foundation Inc

Organization Overview

1162 Foundation Inc is located in Sunapee, NH. The organization was established in 2020. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. 1162 Foundation 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 12/2020, 1162 Foundation Inc generated $371.4k in total revenue. All expenses for the organization totaled $320.8k during the year ending 12/2020. While expenses have increased by 905.0% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ENGAGE IN SELECT, HIGHLY CURATED CHARITABLE MISSIONS FOR THE BENEFIT OF SURVIVING SPOUSES, SIGNIFICANT OTHERS, AND CHILDREN OF FORMER SPECIAL OPERATION MILITARY PERSONNEL KILLED OR WOUNDED IN ACTION, WITH THE GOAL OF SERVING AS A CATALYST TO ENABLE THESE FAMILIES TO STABILIZE, REBUILD THEIR LIVES, AND FOR THEM TO PREHAPS CONTRIBUTE TO PEACE AND SECURITY IN THIS COUNTRY AND BEYOND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION WAS ABLE TO ASSIST A FAMILY WHO EXPERIENCED LOSS OF A FORMER SPECIAL OPERATION MILITARY MEMBER BY PAYING OFF THE REMAINDER OF THEIR HOME MORTGAGE.


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Board, Officers & Key Employees

Name (title)Compensation
Shawn Regan
Director
$0
Michael Fisch
Director
$0
Michael Hayes
Director
$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$371,389
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$371,389
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 $371,389

Grants Recieved

Over the last fiscal year, we have identified 2 grants that 1162 Foundation Inc has recieved totaling $35,000.

Awarding OrganizationAmount
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$25,000
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
View Grant Recipient Profile

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