Pallas Foundation For National Security Leadership
- Assets
- $402.7k
- Revenue
- $609.4k
- Investments
- $0.0
- Employees
- 22
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 84-4851289
Organization Overview
Pallas Foundation For National Security Leadership is located in Washington, DC. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Pallas Foundation For National Security Leadership employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pallas Foundation For National Security Leadership 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, Pallas Foundation For National Security Leadership generated $609.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $438.6k during the year ending 12/2023. 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
TO DEVELOP EDUCATIONAL PROGRAMS IN FIELDS OF GLOBAL AND NATIONAL SECURITY POLICY AND PRACTICE; INCLUDING NATIONAL SECURITY POLICY AND STRATEGY, NATIONAL DEFENSE, HOMELAND SECURITY, DIPLOMACY, INTELLIGENCE OPERATIONS, COALITION OPERATIONS, AND ALLIANCES AND CYBERSECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PALLAS FOUNDATION AIMS TO FOSTER EDUCATION AND PROFESSIONAL DEVELOPMENT OF EMERGING LEADERS WITH AN EMPHASIS ON UNDERREPRESENTED GROUPS IN NATIONAL SECURITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Demartino Vice Pres., Director | OfficerTrustee | 5 | $0 |
Sally Donnelly President, Director | OfficerTrustee | 5 | $0 |
Christopher Holmes Treasurer, Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $77,819 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $529,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,819 |
| Total Program Service Revenue | $0 |
| Investment income | $2,577 |
| 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 | $609,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| 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 | $172,973 |
| Pension plan accruals and contributions | $2,597 |
| Other employee benefits | $0 |
| Payroll taxes | $13,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,578 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,101 |
| Advertising and promotion | $50,479 |
| Office expenses | $203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,267 |
| 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 | $349 |
| Total functional expenses | $438,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,001 |
| Savings and temporary cash investments | $251,682 |
| 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 | $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 | $8 |
| Total assets | $402,691 |
| 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 | $31,806 |
| Total liabilities | $31,806 |
| 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 | $370,885 |
| Total liabilities and net assets/fund balances | $402,691 |
Grants Awarded
Over the last fiscal year, Pallas Foundation For National Security Leadership has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORGAN STATE UNIVERSITY FOUNDATION INC PURPOSE: GENERAL PURPOSES | $30,000 |
THE FOUNDATION FOR NC A&T STATE UNIVERSITY PURPOSE: GENERAL PURPOSES | $55,000 |