Nonprofit · EIN 45-3000590
TIP OF THE SPEAR FOUNDATION
Tax-exempt · PLANO, TX 75026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $300,252 | $237,301 | $62,951 | $184,308 | $0 | $184,308 |
| December 31, 2023 | 990 | $279,121 | $262,503 | $16,618 | $119,708 | $0 | $119,708 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,192
- Program service revenue
- $0
- Investment income
- $60
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $130,550
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,550
- Program services (functional)
- $170,232
- Management and general (functional)
- $67,069
Balance sheet and other
- Total assets, start of year
- $119,708
- Total assets, end of year
- $184,308
- Total liabilities, end of year
- $0
- Net assets, end of year
- $184,308
- Publicly traded securities
- $7,920
- Gross receipts
- $300,252
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2011
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK PEDERSEN | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| TODD ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| CORY SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| JOSEPH M KERR | DIRECTOR Trustee or director | 2 | $0 |
| MARK MCKINLEY | DIRECTOR Trustee or director | 2 | $0 |
| BRAD WILSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK PEDERSEN | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| TODD ADAMS | DIRECTOR Trustee or director | 2 | $0 |
| CORY SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| JOSEPH M KERR | DIRECTOR Trustee or director | 2 | $0 |
| MARK MCKINLEY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 262085, PLANO, TX 75026-2085
- Principal officer (990 for 2024)
- DEREK PEDERSEN, PO BOX 262085, PLANO, TX 75026
- Signed the 990
- DEREK PEDERSEN, CHAIRMAN
- Phone
- (214) 922-9033
- Return prepared by
- HOGANTAYLOR LLP
Mission
FOUNDED BY SPECIAL OPERATIONS PERSONNEL IN 2011, TIP OF THE SPEAR FOUNDATION (TOS) IS AN OFFICIAL 501 (C)(3) TAX-EXEMPT NONPROFIT ORGANIZATION, DEDICATED TO SUPPORTING OUR NATION'S OPERATORS AND THEIR FAMILIES DURING TIMES OF NEED. OPERATING WITH A LOW PROFILE AND "NO-FAIL APPROACH,"TOS DELIVERS ESSENTIAL, TIMELY, AND IMPACTFUL SUPPORT TO THESE MEN AND THEIR FAMILIES.
Program accomplishments
- MILITARY TRANSITION AND DECOMPRESSION EVENT FOR ACTIVE AND PRIOR MILITARY SPECIAL OPERATION PERSONNEL. THE EVENT CONNECTS BUSINESS LEADERS WITH ACTIVE AND PRIOR MILITARY PERSONNEL FOR PROFESSIONAL DEVELOPMENT, TRANSITION, AND NETWORKING OPPORTUNITIES.Expenses $39,682
- GRANTS TO AND SUPPORT FOR FAMILIES OF THE FALLENExpenses $130,550 · grants $130,550
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3000590
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $184,308
- Income (IRS master file)
- $300,252
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $300,252 | $237,301 | $184,308 | XML |
| 990 | December 2023 | $279,121 | $262,503 | $119,708 | XML |
| 990 | December 2022 | $316,523 | $381,452 | $102,199 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3000590).
Questions about TIP OF THE SPEAR FOUNDATION
- What is the EIN of TIP OF THE SPEAR FOUNDATION?
- The employer identification number (EIN) of TIP OF THE SPEAR FOUNDATION is 45-3000590.
- Is TIP OF THE SPEAR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to TIP OF THE SPEAR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TIP OF THE SPEAR FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TIP OF THE SPEAR FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TIP OF THE SPEAR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TIP OF THE SPEAR FOUNDATION?
- The 990 for the year ended December 31, 2024 names DEREK PEDERSEN.
- Who are the officers and directors of TIP OF THE SPEAR FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does TIP OF THE SPEAR FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $300,252, expenses of $237,301 and total assets of $184,308 at year end.
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