Former Agents of the FBI Foundation

EIN: 204715708 501(c)(3) Philanthropy & Grantmaking

Dumfries, VA

Total Revenue
$1,308,421
Total Expenses
$719,216
Total Assets
$14,229,681
Net Assets
$14,190,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
Nancy L Savage
Phone
7034450026
Tax Period
2023-01-01 to 2023-12-31

Former Agents of the FBI Foundation, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $589K, a strong 45% operating margin.

Mission

The Foundation's mission is to preserve our shared FBI values and the ideals of the FBI family; to support the welfare of members of the Society, family members, and others in need; and to promote education, history, and humanitarian service through scholarships and programs.

Program Service Accomplishments

Program 1
Expenses: $473,311 Revenue: $1,433

Direct scholarship and awards: Awards to law enforcement programs in colleges and universities and awards on behalf of individuals who have acted as humanitarians. Awards made to needy and deserving...

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Direct scholarship and awards: Awards to law enforcement programs in colleges and universities and awards on behalf of individuals who have acted as humanitarians. Awards made to needy and deserving former FBI agents, their widows and children for temporary relief of suffering and hardship; aid to victims of natural disasters. Scholarships to needy and deserving students who are children and grandchildren of former FBI agents or children of local law enforcement officers.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $696,740
Program Service Revenue $1,433
Investment Income $610,248
Other Revenue $0
TOTAL REVENUE $1,308,421

Expense Breakdown

Grants Paid $262,546
Salaries & Benefits $141,035
Fundraising Expenses $55,997
Program Expenses $473,311
Other Expenses $315,635
TOTAL EXPENSES $719,216

Year-over-Year Comparison

2023 2022 Change
Revenue $1,308,421 $1,230,816 +0.1%
Expenses $719,216 $772,931 -0.1%
Net Income $589,205 $457,885 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$167,004
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Lormel President of Society and Trustee of Foundation 5.00
Officer Director
$0 $0 $0
Michael Clark RVP of Society and Trustee of Foundation 5.00
Officer Director
$0 $0 $0
Kenneth Neu Foundation Chair 10.00
Officer Director
$0 $0 $0
Joseph Valiquette Foundation Secretary 5.00
Officer Director
$0 $0 $0
Philip Sprick Foundation Treasurer 5.00
Officer Director
$0 $0 $0
Tase Bailey Trustee 5.00
Director
$0 $0 $0
Amy Wisotsky Trustee 5.00
Director
$0 $0 $0
Shawnee Critides Trustee 5.00
Director
$0 $0 $0
Phillip Doty Foundation Secretary 5.00
Officer Director
$0 $0 $0
Christine Epstein Trustee 5.00
Director
$0 $0 $0
Nancy L Savage Executive Director 13.00
Officer
$0 $6,885 $128,483
Kristin Knell Accounting Manager 16.00
Officer
$0 $1,805 $38,521
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,308,421 $719,216 $14,229,681 $589,205
2022 $1,230,816 $772,931 $12,542,153 $457,885
2021 $1,953,645 $849,496 $14,203,891 $1,104,149
2020 $757,242 $672,202 $12,189,908 $85,040
2019 $2,068,936 $727,868 $11,349,361 $1,341,068
2018 $925,633 $747,790 $9,123,907 $177,843
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