Civic Intelligence

Fleet Reserve Association Education Foundation

990 • Fiscal year 2017 • EIN 26-3336867

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

Organization ProfileWWW.FRA.ORG/FOUNDATION
125 N West StAlexandria, VA 22314

(703) 683-1400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.08x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

4th percentile

-79%

Higher net margin than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

67th percentile

9.6%

Faster asset growth than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-2.0%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,591,806

Up $139,557 (+9.6%) from 2016

Net Assets

Up

$1,585,711

Up $133,462 (+9.2%) from 2016

Liabilities

Up

$6,095

Up $6,095 from 2016

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin4th percentile

Revenue

Down

$74,774

Down $1,563 (-2.0%) from 2016

Expenses

Up

$133,629

Up $28,488 (+27%) from 2016

Net Income

Down

-$58,855

Down $30,051 (-104%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $43,205Liabilities 2010: $5,145Net Assets 2010: $38,0602010Assets 2011: $18,575Liabilities 2011: $0Net Assets 2011: $18,5752011Assets 2012: $19,130Liabilities 2012: $0Net Assets 2012: $19,1302012Assets 2013: $26,223Liabilities 2013: $0Net Assets 2013: $26,2232013Assets 2014: $20,112Liabilities 2014: $890Net Assets 2014: $19,2222014Assets 2015: $1,400,885Liabilities 2015: $0Net Assets 2015: $1,400,8852015Assets 2016: $1,452,249Liabilities 2016: $0Net Assets 2016: $1,452,2492016Assets 2017: $1,591,806Liabilities 2017: $6,095Net Assets 2017: $1,585,7112017Assets 2018: $1,442,644Liabilities 2018: $2,720Net Assets 2018: $1,439,9242018Assets 2019: $1,535,036Liabilities 2019: $0Net Assets 2019: $1,535,0362019Assets 2020: $1,664,458Liabilities 2020: $0Net Assets 2020: $1,664,4582020Assets 2021: $1,751,216Liabilities 2021: $3,111Net Assets 2021: $1,748,1052021Assets 2022: $1,360,391Liabilities 2022: $0Net Assets 2022: $1,360,3912022

Highlighted filing

2017

Assets$1,591,806
Liabilities$6,095
Net Assets$1,585,711
Open 2017 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $90,2392010Expenses 2011: $106,2402011Expenses 2012: $108,3502012Revenue 2013: $133,529Expenses 2013: $126,436Net Income 2013: $7,0932013Revenue 2014: $108,209Expenses 2014: $115,210Net Income 2014: -$7,0012014Revenue 2015: $1,486,936Expenses 2015: $105,273Net Income 2015: $1,381,6632015Revenue 2016: $76,337Expenses 2016: $105,141Net Income 2016: -$28,8042016Revenue 2017: $74,774Expenses 2017: $133,629Net Income 2017: -$58,8552017Revenue 2018: $97,862Expenses 2018: $130,763Net Income 2018: -$32,9012018Revenue 2019: $47,462Expenses 2019: $122,782Net Income 2019: -$75,3202019Revenue 2020: $131,273Expenses 2020: $129,790Net Income 2020: $1,4832020Revenue 2021: $112,028Expenses 2021: $129,876Net Income 2021: -$17,8482021Revenue 2022: $52,344Expenses 2022: $122,240Net Income 2022: -$69,8962022

Highlighted filing

2017

Revenue$74,774
Expenses$133,629
Net Income-$58,855
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$74,774
Mission and Program Overview

Mission

To provide scholarships and grants for charitable and educational purposes to deserving members of the military sea services and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,400,258$1,563,787▲ $163,529
Cash and Non-Interest-Bearing Accounts$51,766$28,019▼ $23,747
Pledges and Grants Receivable$225$0▼ $225
Total Assets$1,452,249$1,591,806▲ $139,557
Liabilities
Other Liabilities$0$6,095▲ $6,095
Total Liabilities$0$6,095▲ $6,095
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,060,744$1,194,206▲ $133,462
Permanently Rstr Net Assets$391,505$391,505→ $0
Total Net Assets Fund Balance$1,452,249$1,585,711▲ $133,462
Total Liabilities and Net Assets / Fund Balance$1,452,249$1,591,806▲ $139,557

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,452,249$22,546▲ $244,545-$1,585,711
2016$1,400,885$45,356▲ $111,149-$1,452,249
2015$19,222$1,486,936--$1,400,885
2014$26,223$108,209--$19,222
2013$19,130$133,529--$26,223
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Joseph BarnesPresident
Gary BlackburnDirector
Richard RuizDirector
Larry BoudreauxSecretary
Steve CoxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,546
Program Service Revenue
$0
Investment Income
$52,228
Other Revenue
$0
All Other Contributions
$20,666
Change in Net Assets
$-58,855

Audited Revenue Reconciliation

Revenue per Audited Statements
$74,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$192,317
Total Revenue per Audited Statements
$267,091
Total Revenue per Form 990
$74,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$90,000
Other Expenses$43,629
Total Fundraising Expense$3,655
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$90,000--$90,000
Fees for Service Investment Mgmnt Fees-$15,015-$15,015
Fees for Services Other-$13,375-$13,375
Office Expenses-$5,281$3,655$8,936
Fees for Services Accounting-$3,320-$3,320
Other Expenses-$1,525-$1,525
Fees for Services Legal-$1,458-$1,458
Total Functional Expenses$90,000$39,974$3,655$133,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$133,629
Total Expenses per Audited Statements$133,629
Total Expenses per Form 990$133,629
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Fra$6,095
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The draft form 990 first is reviewed by the finance officer, and then is provided to the trustees for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The board of directors is required to disclose any potential or actual conflicts of interest at the beginning of each bod meeting.”

Form 990, Part VI, Section C, Line 19

“Copies of organizational documents, the application for exemption, and form 990s are made available immediately upon request.”

Filing and Contact Details

Filer

Filer Name
Fleet Reserve Association Education
EIN
26-3336867
Phone
7036831400
Address
125 N WEST ST, ALEXANDRIA, VA 22314
Doing Business As
Fra Education Foundation

Signing Officer

Name
Joseph Barnes
Title
President
Phone
7036831400
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Barnes
Formed
2008
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Tate and Tryon
Address
2021 L STREET NW SUITE 400, WASHINGTON, DC 20036
Preparer
R Michael Sorrells
Phone
2022932200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 0. Management and general expenses 13,375. Fundraising expenses 0. Total expenses 13,375.”

Form 990, Part XII, Line 2C

“The audit oversight process, which remains unchanged from the prior year, is performed by a committee of the foundation's related organization, the fleet reserve association.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment funds were established to provide scholarships to eligible recipients in support of the charitable educational programs of the fleet reserve association, a related irc section 501(c)(19) organization.”

Raw XML AppendixShowing 400 of 488 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE SCHOLARSHIPS AND GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO DESERVING MEMBERS OF THE MILITARY SEA SERVICES AND THEIR FAMILIES.
IRS990/AllOtherContributionsAmt020666
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRYAN PROCTOR
IRS990/BooksInCareOfDetail/PhoneNum07036831400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0125 N WEST ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALEXANDRIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022314
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt051766
IRS990/CashNonInterestBearingGrp/EOYAmt028019
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt022546
IRS990/CYGrantsAndSimilarPaidAmt090000
IRS990/CYInvestmentIncomeAmt052228
IRS990/CYOtherExpensesAmt043629
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-58855
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0133629
IRS990/CYTotalFundraisingExpenseAmt03655
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt074774
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION PROVIDED 20 SCHOLARSHIPS TO ELIGIBLE STUDENTS IN THE UNITED STATES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0FRA EDUCATION FOUNDATION
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt090000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt01880
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03320
IRS990/FeesForServicesAccountingGrp/TotalAmt03320
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01458
IRS990/FeesForServicesLegalGrp/TotalAmt01458
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt013375
IRS990/FeesForServicesOtherGrp/TotalAmt013375
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt015015
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt015015
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm1LARRY BOUDREAUX
IRS990/Form990PartVIISectionAGrp/PersonNm2STEVE COX
IRS990/Form990PartVIISectionAGrp/PersonNm3GARY BLACKBURN
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD RUIZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt090000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt090000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt090000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt074774
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt052228
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052228
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01400258
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01563787
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SCHOLARSHIPS AND GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO DESERVING MEMBERS OF THE MILITARY SEA SERVICES AND THEIR FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01452249
IRS990/NetAssetsOrFundBalancesEOYAmt01585711
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0192317
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03655
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05281
IRS990/OfficeExpensesGrp/TotalAmt08936
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01525
IRS990/OtherExpensesGrp/TotalAmt01525
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt06095
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0391505
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0391505
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0225
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOSEPH BARNES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt045356
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt066500
IRS990/PYInvestmentIncomeAmt030981
IRS990/PYOtherExpensesAmt038641
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-28804
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0105141
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt076337
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-58855
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/FactsAndCircumstancesTestTxt02017 IS THE ORGANIZATION'S TENTH YEAR OF EXISTENCE, AND ITS NINTH FULL YEAR OF OPERATIONS. THE ORGANIZATION IS MAKING CONSISTENT STRIDES TO INCREASE THE BREADTH OF ITS FUNDRAISING. THE FOUNDATION MAINTAINS A BONA FIDE PROGRAM FOR THE SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND ITS MEMBERSHIP. FOR EXAMPLE, THE FOUNDATION IS A MEMBER OF THE NATIONWIDE COMBINED FEDERAL CAMPAIGN, THE FUNDRAISING CAMPAIGN FOR FEDERAL EMPLOYEES. THE FOUNDATION MAINTAINS A BROADLY-BASED BOARD WITHIN THE MEMBERSHIP OF THE FLEET RESERVE ASSOCIATION, A RELATED 501(C)(19) ORGANIZATION THAT CONSISTS OF NAVAL ENLISTED PERSONNEL AND RETIREES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: GENERAL GRANT DATE: 12/31/15 AMOUNT: 871728.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt045356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0615211
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0108209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0133529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0924851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt034635
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt086863
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.20210
IRS990ScheduleA/PublicSupportPY170Pct00.20540
IRS990ScheduleA/PublicSupportTotal170Amt0204424
IRS990ScheduleA/SubstantialContributorsTotAmt0720427
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt045356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0615211
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0108209
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0133529
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0924851
IRS990ScheduleA/TotalSupportAmt01011714
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt043629
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01452249
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt022546
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01585711
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt090000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0244545
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt038641
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01400885
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt045356
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01452249
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt066500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0111149
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt020273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt019222
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01486936
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01400885
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt085000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt017210
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt026223
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0108209
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt019222
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt098000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt020436
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt019130
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0133529
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt026223
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0106000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0133629
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0192317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FRA
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.24680
IRS990ScheduleD/RevenueNotReportedAmt0192317
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt074774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE SCHOLARSHIPS TO ELIGIBLE RECIPIENTS IN SUPPORT OF THE CHARITABLE EDUCATIONAL PROGRAMS OF THE FLEET RESERVE ASSOCIATION, A RELATED IRC SECTION 501(C)(19) ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.75320
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0133629
IRS990ScheduleD/TotalLiabilityAmt06095
IRS990ScheduleD/TotalRevenuePerForm990Amt074774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0267091
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0133629
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt090000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FRA EDUCATION FOUNDATION MAKES SCHOLARSHIPS AVAILABLE TO ELIGIBLE FULL-TIME STUDENTS WHO ARE U.S. CITIZENS ATTENDING ACCREDITED COLLEGES AND UNIVERSITIES IN THE UNITED STATES. NAVY, MARINE CORPS AND COAST GUARD PERSONNEL AND THEIR FAMILIES ARE ELIGIBLE FOR FOUNDATION SCHOLARSHIPS. THE FOUNDATION MAKES SCHOLARSHIP APPLICATIONS AVAILABLE FROM 1 SEPTEMBER THROUGH 15 APRIL EACH YEAR FOR THE FOLLOWING SCHOOL YEAR. APPLICANTS COMPLETE AN APPLICATION THAT DETAILS THEIR FINANCIAL STATUS. ADDITIONALLY, APPLICANTS MUST COMPLETE AN ESSAY DETAILING THEIR EDUCATIONAL AND CAREER PLANS, AND SUBMIT CERTIFIED ACADEMIC DOCUMENTS (TRANSCRIPTS AND TEST SCORES), AS WELL AS TWO CHARACTER REFERENCES. TO ENSURE SCHOLARSHIP AWARDS ARE PROPERLY EXPENDED, THE FOUNDATION SENDS THE AWARD DIRECTLY TO THE RECIPIENT'S SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT FORM 990 FIRST IS REVIEWED BY THE FINANCE OFFICER, AND THEN IS PROVIDED TO THE TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS REQUIRED TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST AT THE BEGINNING OF EACH BOD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF ORGANIZATIONAL DOCUMENTS, THE APPLICATION FOR EXEMPTION, AND FORM 990S ARE MADE AVAILABLE IMMEDIATELY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,375. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,375.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AUDIT OVERSIGHT PROCESS, WHICH REMAINS UNCHANGED FROM THE PRIOR YEAR, IS PERFORMED BY A COMMITTEE OF THE FOUNDATION'S RELATED ORGANIZATION, THE FLEET RESERVE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0FLEET RESERVE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FLEET RESERVE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FRA VETERANS SERVICES FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0530067600
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1820994114
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)19
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0WAR VETERANS ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SERVICE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0125 N WEST STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1125 N WEST STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ALEXANDRIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ALEXANDRIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022314
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd122314
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES DONATED FACILITIES AND PERSONNEL FROM THE FLEET RESERVE ASSOCIATION (FRA), AN AFFILIATED ENTITY. FRA DOES NOT SPECIFICALLY TRACK THE VALUE OF SERVICES PROVIDED.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART V, LINES N AND O
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0DONATED FACILITY SPACE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1DONATED ADMIN SERVICE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FLEET RESERVE ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FLEET RESERVE ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/StatesWhereCopyOfReturnIsFldCd1AK
IRS990/StatesWhereCopyOfReturnIsFldCd2AZ
IRS990/StatesWhereCopyOfReturnIsFldCd3AR
IRS990/StatesWhereCopyOfReturnIsFldCd4CA
IRS990/StatesWhereCopyOfReturnIsFldCd5CO
IRS990/StatesWhereCopyOfReturnIsFldCd6CT
IRS990/StatesWhereCopyOfReturnIsFldCd7DE
IRS990/StatesWhereCopyOfReturnIsFldCd8DC
IRS990/StatesWhereCopyOfReturnIsFldCd9FL
IRS990/StatesWhereCopyOfReturnIsFldCd10GA
IRS990/StatesWhereCopyOfReturnIsFldCd11HI
IRS990/StatesWhereCopyOfReturnIsFldCd12ID
IRS990/StatesWhereCopyOfReturnIsFldCd13IL
IRS990/StatesWhereCopyOfReturnIsFldCd14IN
IRS990/StatesWhereCopyOfReturnIsFldCd15IA
IRS990/StatesWhereCopyOfReturnIsFldCd16KS
IRS990/StatesWhereCopyOfReturnIsFldCd17KY
IRS990/StatesWhereCopyOfReturnIsFldCd18LA
IRS990/StatesWhereCopyOfReturnIsFldCd19ME
IRS990/StatesWhereCopyOfReturnIsFldCd20MD
IRS990/StatesWhereCopyOfReturnIsFldCd21MA
IRS990/StatesWhereCopyOfReturnIsFldCd22MI
IRS990/StatesWhereCopyOfReturnIsFldCd23MN
IRS990/StatesWhereCopyOfReturnIsFldCd24MS
IRS990/StatesWhereCopyOfReturnIsFldCd25MO
IRS990/StatesWhereCopyOfReturnIsFldCd26MT
IRS990/StatesWhereCopyOfReturnIsFldCd27NE
IRS990/StatesWhereCopyOfReturnIsFldCd28NV
IRS990/StatesWhereCopyOfReturnIsFldCd29NH
IRS990/StatesWhereCopyOfReturnIsFldCd30NJ
IRS990/StatesWhereCopyOfReturnIsFldCd31NM
IRS990/StatesWhereCopyOfReturnIsFldCd32NY
IRS990/StatesWhereCopyOfReturnIsFldCd33NC
IRS990/StatesWhereCopyOfReturnIsFldCd34ND
IRS990/StatesWhereCopyOfReturnIsFldCd35OH
IRS990/StatesWhereCopyOfReturnIsFldCd36OK
IRS990/StatesWhereCopyOfReturnIsFldCd37OR
IRS990/StatesWhereCopyOfReturnIsFldCd38PA
IRS990/StatesWhereCopyOfReturnIsFldCd39RI
IRS990/StatesWhereCopyOfReturnIsFldCd40SC
IRS990/StatesWhereCopyOfReturnIsFldCd41SD
IRS990/StatesWhereCopyOfReturnIsFldCd42TN
IRS990/StatesWhereCopyOfReturnIsFldCd43TX
IRS990/StatesWhereCopyOfReturnIsFldCd44UT
IRS990/StatesWhereCopyOfReturnIsFldCd45VT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,591,806
Liabilities
$6,095
Net assets
$1,585,711
Revenue
$74,774
Expenses
$133,629
Net income
-$58,855
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.05$0.12$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.11$0.13$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.13$0.13$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.05$0.12$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.10$0.13$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.59$0.01$1.59$0.07$0.13$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.08$0.11$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$1.49$0.11$1.38
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.11$0.12$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.13$0.13$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.04$0.09