FITSI FOUNDATION

EIN: 461607702 501(c)(3) Employment

ALEXANDRIA, VA

Total Revenue
$33,419
Total Expenses
$34,579
Total Assets
$126,113
Net Assets
$126,113
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
JAMES L WIGGINS
Phone
7038281196
Tax Period
2018-07-01 to 2019-06-30

FITSI FOUNDATION, founded in 2012, is a micro nonprofit in the Employment sector that reported $81K in total revenue in fiscal year 2017. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

THE FITSI FOUNDATION WAS INCORPORATED AS A VIRGINIA NON-PROFIT, NON-STOCK CORPORATION FOR GENERAL CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. THE FOUNDATION'S FIRST PHILANTHROPIC INITIATIVE IS TO SUPPORT THE WOUNDED WARRIOR CYBER COMBAT ACADEMY (W2CCA).

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Trantor Score

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $33,419
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $33,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,482
Program Expenses $27,244
Other Expenses $34,579
TOTAL EXPENSES $34,579

Year-over-Year Comparison

2018 2017 Change
Revenue $33,419 $81,427 -0.6%
Expenses $34,579 $87,442 -0.6%
Net Income $-1,160 $-6,015 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WIGGINS EXECUTIVE DIRECTOR/BOARD M 10.00
Officer Director
$0 $0 $0
LOUIS VESCIO BOARD MEMBER 0.30
Director
$0 $0 $0
MANUEL GALVAN BOARD MEMBER 0.30
Director
$0 $0 $0
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
2019 $33,419 $34,579 $126,113 $-1,160
2018 $81,427 $87,442 $127,273 $-6,015
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