Civic Intelligence

Defense Priorities Foundation

990 • Fiscal year 2023 • EIN 81-0714113

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

2311 Wilson Blvd Fl 3Arlington, VA 22201

(202) 556-1853

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

38th percentile

-0.5%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$282,441

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

49th percentile

4.2%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

23%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$885,590

Up $35,839 (+4.2%) from 2022

Net Assets

Down

$823,698

Down $12,333 (-1.5%) from 2022

Liabilities

Up

$61,892

Up $48,172 (+351%) from 2022

Revenue

Up

$2,450,417

Up $455,524 (+23%) from 2022

Expenses

Up

$2,462,750

Up $690,636 (+39%) from 2022

Net Income

Down

-$12,333

Down $235,112 (-106%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $500,100Liabilities 2015: $0Net Assets 2015: $500,1002015Assets 2017: $330,345Liabilities 2017: $0Net Assets 2017: $330,3452017Assets 2018: $604,030Liabilities 2018: $0Net Assets 2018: $604,0302018Assets 2019: $427,480Liabilities 2019: $0Net Assets 2019: $427,4802019Assets 2020: $636,990Liabilities 2020: $0Net Assets 2020: $636,9902020Assets 2021: $574,924Liabilities 2021: $4,066Net Assets 2021: $570,8582021Assets 2022: $849,751Liabilities 2022: $13,720Net Assets 2022: $836,0312022Assets 2023: $885,590Liabilities 2023: $61,892Net Assets 2023: $823,6982023Assets 2024: $1,359,878Liabilities 2024: $10,088Net Assets 2024: $1,349,7902024

Highlighted filing

2023

Assets$885,590
Liabilities$61,892
Net Assets$823,698

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $500,100Expenses 2015: $0Net Income 2015: $500,1002015Revenue 2017: $1,005,119Expenses 2017: $732,076Net Income 2017: $273,0432017Revenue 2018: $1,155,023Expenses 2018: $881,338Net Income 2018: $273,6852018Revenue 2019: $600,000Expenses 2019: $776,549Net Income 2019: -$176,5492019Revenue 2020: $1,255,009Expenses 2020: $1,045,501Net Income 2020: $209,5082020Revenue 2021: $1,250,095Expenses 2021: $1,316,230Net Income 2021: -$66,1352021Revenue 2022: $1,994,893Expenses 2022: $1,772,114Net Income 2022: $222,7792022Revenue 2023: $2,450,417Expenses 2023: $2,462,750Net Income 2023: -$12,3332023Revenue 2024: $3,369,686Expenses 2024: $2,843,594Net Income 2024: $526,0922024

Highlighted filing

2023

Revenue$2,450,417
Expenses$2,462,750
Net Income-$12,333
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$2,450,417
Mission and Program Overview

Mission

To inform citizens,thought leaders, and policy makers of the importance of a strong, dynamic military-used more judiciously to protect america's narrowly defined national interests-and promote a realistic grand strategy prioritizing restraint, diplomacy, and free trade to ensure american security.

To inform citizens, thought leaders, and policy makers of the importance of a strong, dynamic, military used more judiciously to protect America's narrowly defined national interests and promote a realistic grand strategy prioritizing restraint, diplomacy, and free trade to ensure U.S. security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$847,889$885,590▲ $37,701
Rtn Earn Endowment Incm Other Fnds$836,031$823,698▼ $12,333
Prepaid Expenses and Deferred Charges$1,862$0▼ $1,862
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$849,751$885,590▲ $35,839
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$13,720$61,892▲ $48,172
Total Liabilities$13,720$61,892▲ $48,172
Net Assets / Fund Balance
Total Net Assets Fund Balance$836,031$823,698▼ $12,333
Total Liabilities and Net Assets / Fund Balance$849,751$885,590▲ $35,839
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward KingChairmanFT$260,000$22,441$282,441
Lyle GoldsteinCFOFT$193,667$5,810$199,477
Lyle Goldstein--$193,667$20,451$199,477
Rajan MenonDirectorFT$149,167$19,116$168,283
Rajan Menon--$149,167$4,475$168,283
Benjamin FriedmanSecretaryFT$124,375$25,263$149,638
Daniel DavisDirectorFT$119,500$3,861$123,361

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,450,417
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,450,417
Change in Net Assets
$-12,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,022,597
Other Expenses$440,153
Total Fundraising Expense$208,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,291,047$32,467$125,802$1,449,316
Current Officers, Directors, Trustees, and Key Employees$251,372$5,649$25,420$282,441
Payroll Taxes$113,909$3,367$10,899$128,175
Other Employee Benefits$110,517$3,160$4,531$118,208
Fees for Services Other$54,774$15,770$30,000$100,544
Occupancy$40,447$3,270$4,654$48,371
Travel$6,796$38,581$1,984$47,361
Pension Plan Contributions$39,384$1,124$3,949$44,457
All Other Expenses$22,231$7,948$77$30,256
Information Technology$10,681$19,244-$29,925
Fees for Services Accounting-$24,400-$24,400
Other Expenses$3,207$10,356$756$14,319
Insurance-$5,106-$5,106
Fees for Services Legal-$3,500-$3,500
Conferences and Meetings$3,080--$3,080
Advertising$116--$116
Total Functional Expenses$2,068,139$186,539$208,072$2,462,750
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Forms are reviewed in detail before being signed by the organization.

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

Disclosures of any conflicts are mandatory and discussed at board meetings. Policy is signed annually.

Form 990, Part VI, Section B, Line 15A

There is a 360 review process, as well as Board review (for the President) or President review (for others).

Form 990, Part VI, Section C, Line 19

Governing documents, financial statements, and summaries of operational policies are made available upon request at no charge.

Filing and Contact Details

Filer

Filer Name
Defense Priorities Foundation
EIN
81-0714113
Phone
2025561853
Address
2311 Wilson Blvd Fl 3, Arlington, VA 22201

Signing Officer

Name
Edward King
Title
President & CEO
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward King
Formed
2015
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
3
Employees
20

Preparer

Firm
Zac Mabry LLC
Address
750 N Saint Paul St STE 250 PMB 883, Dallas, TX 75201
Preparer
Zachary Mabry
Phone
9729051040
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01862
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Edward King
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01994893
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0369029
IRS990/PYRevenuesLessExpensesAmt0222779
IRS990/PYSalariesCompEmpBnftPaidAmt01403085
IRS990/PYTotalExpensesAmt01772114
IRS990/PYTotalRevenueAmt01994893
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-12333
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0836031
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0823698
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02450417
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01994895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01250095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01255009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0600000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07550416
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt07550416
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02450417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01994895
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01250095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01255009
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0600000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07550416
IRS990ScheduleA/TotalSupportAmt07550416
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0260000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1193667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2149167
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15810
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt24475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014641
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt114641
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Edward King
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Lyle Goldstein
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Rajan Menon
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chairman
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0282441
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1199477
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2168283
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Forms are reviewed in detail before being signed by the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Disclosures of any conflicts are mandatory and discussed at board meetings. Policy is signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is a 360 review process, as well as Board review (for the President) or President review (for others).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, financial statements, and summaries of operational policies are made available upon request at no charge.
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 B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Defense Priorities Initiative
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0475445202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Social Welfare
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02311 Wilson Blvd Fl 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Arlington
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false

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