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Nonprofit · EIN 46-4884866

THIRD OPTION FOUNDATION

Tax-exempt · RESTON, VA 20191

Financials

$9.1M$6.4M2023$12.8M$6.6M2024
Revenue Expenses · by fiscal year end
Financials of THIRD OPTION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,799,102$6,645,921$6,153,181$41,473,053$451,331$41,021,722
December 31, 2023990$9,117,569$6,417,442$2,700,127$34,607,554$518,091$34,089,463
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$11,776,979
Program service revenue
$0
Investment income
$1,019,655
Net gain from sales of assets
$187,948
Other revenue
$2,468

Expenses

Grants and similar amounts paid
$3,552,890
Compensation of officers, directors and key employees
$510,000
Other salaries and wages
$206,892
Salaries, compensation and benefits (total)
$1,396,278
Professional fundraising fees
$0
Accounting fees
$33,016
Occupancy
$19,300
Travel
$1,430,610
Depreciation
$5,517
Program services (functional)
$5,392,998
Management and general (functional)
$709,322
Fundraising (functional)
$543,601

Balance sheet and other

Total assets, start of year
$34,607,554
Total assets, end of year
$41,473,053
Total liabilities, end of year
$451,331
Net assets, end of year
$41,021,722
Land, buildings and equipment
$14,737
Publicly traded securities
$25,307,183
Net assets without donor restrictions
$34,281,351
Net assets with donor restrictions
$6,740,371
Gross receipts
$34,642,508
Employees
0
Volunteers
13
Year formed
2013
State of legal domicile
VA

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.

NameTitleHours / weekCompensation
STEVEN T CASHENCEO
Officer
40$255,000
MELISSA ALLENPRESIDENT AND COO
Officer
40$255,000
SCOTT D KRASECHAIRMAN/DIRECTOR
Trustee or director, Officer
4$0
R SCOTT SPELLMEYERVICE-CHAIRMAN/DIRECTOR
Trustee or director, Officer
4$0
JAY GOFFMANTREASURER
Trustee or director, Officer
4$0
STEPHANIE USRY BELLISTRISECRETARY
Trustee or director, Officer
4$0
MIKE BINGLEDIRECTOR
Trustee or director
2$0
JOHN BURNHAMDIRECTOR
Trustee or director
2$0
BRIAN CARBAUGHDIRECTOR
Trustee or director
2$0
KEVIN HIGGINSDIRECTOR
Trustee or director
2$0
ANDREW MAKRIDISDIRECTOR
Trustee or director
2$0
JAMES R MATTHEWSDIRECTOR
Trustee or director
2$0
KAREN M SCHAEFERDIRECTOR
Trustee or director
2$0
GRANT VERSTANDIGDIRECTOR
Trustee or director
2$0
JOHN C WOODDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
STEVEN T CASHENCEO
Officer
40$275,000
MELISSA ALLENPRESIDENT AND COO
Officer
40$255,000
JAY GOFFMANTREASURER
Trustee or director, Officer
4$0
BRIAN CARBAUGHDIRECTOR
Trustee or director
2$0
SCOTT D KRASEDIRECTOR
Trustee or director
2$0
JOHN PHELANCHAIRMAN/DIRECTOR
Trustee or director, Officer
4$0
JOHN BURNHAMDIRECTOR
Trustee or director
2$0
JOHN C WOODDIRECTOR
Trustee or director
2$0
R SCOTT SPELLMEYERVICE-CHAIRMAN/DIRECTOR
Trustee or director, Officer
4$0
STEPHANIE USRY BELLOSTRISECRETARY
Trustee or director, Officer
4$0
KEVIN HIGGINSDIRECTOR
Trustee or director
2$0
KAREN SCHAEFERDIRECTOR
Trustee or director
2$0
GRANT VERSTANDIGDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
12007 SUNRISE VALLEY DR STE 10, RESTON, VA 20191-3479
In care of
% MEGAN JACOBY
Principal officer (990 for 2024)
STEVEN CASHEN, 12007 SUNRISE VALLEY DRIVE 105, RESTON, VA 201913479
Signed the 990
STEVEN CASHEN, CEO
Phone
(571) 386-8623
Return prepared by
PBMARES LLP

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE SUPPORT TO THE FAMILIES OF GOVERNMENT EMPLOYEES WHO HAVE DIED OR BEEN SERIOUSLY INJURED IN THE SERVICE OF THEIR COUNTRY BUT WHOSE EMPLOYMENT STATUS PROHIBITS THEM FROM SEEKING ASSISTANCE FROM NORMAL GOVERNMENTAL SOURCES.

990 for the year ended December 31, 2024

Program accomplishments

  • MEDICAL AND RESILIENCY PROGRAM: PROVIDE SUPPORT FOR PHYSICAL AND COGNITIVE HEALTH ASSESSMENT AND TREATMENT FOR OFFICERS AND THEIR FAMILIES, AS WELL AS FAMILY RESILIENCY SUPPORT FOR FAMILIES OF DEPLOYING OFFICERS.
    Expenses $4,187,317 · grants $2,568,057
  • TRANSITION PROGRAM: PROVIDE SUPPORT TO OFFICERS AND THEIR FAMILY MEMBERS AS OFFICERS END THEIR CURRENT EMPLOYMENT. PROVIDES CONTINUED ACCESS TO THE MEDICAL AND FAMILY RESILIENCY & BEHAVIORAL HEALTH PROGRAMS. FACILITATES CONTACT WITH FINANCIAL ADVISORY ASSISTANCE, PROFESSIONAL COACHING, NETWORKING, AND CERTIFICATION PROGRAMS, AND PARTICIPATION IN LEGACY EVENTS.
    Expenses $381,635 · grants $367,791
  • SURVIVORSHIP PROGRAM: PROVIDE IMMEDIATE FINANCIAL AND LOGISTICAL SUPPORT DURING REPATRIATION OF A FALLEN OPERATOR, ANNUAL RETREATS AND SUPPORT FOR SURVIVING FAMILIES, ANNUAL COMMEMORATION EVENTS, AND GRIEF AND FINANCIAL COUNSELING.
    Expenses $824,046 · grants $617,042

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-4884866
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P99)
Assets (IRS master file)
$41,473,053
Income (IRS master file)
$34,642,508

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,799,102$6,645,921$41,473,053XML
990December 2023$9,117,569$6,417,442$34,607,554XML
990December 2022$12,642,351$4,770,970$31,184,705IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 46-4884866).

Questions about THIRD OPTION FOUNDATION

What is the EIN of THIRD OPTION FOUNDATION?
The employer identification number (EIN) of THIRD OPTION FOUNDATION is 46-4884866.
Is THIRD OPTION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to THIRD OPTION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THIRD OPTION 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 THIRD OPTION 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 THIRD OPTION 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 THIRD OPTION FOUNDATION?
The 990 for the year ended December 31, 2024 names STEVEN CASHEN.
Who are the officers and directors of THIRD OPTION FOUNDATION?
The 990 for the year ended December 31, 2024 lists 15 people; 2 received compensation from the organization, the highest $255,000 (STEVEN T CASHEN, CEO).
How much revenue does THIRD OPTION FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,799,102, expenses of $6,645,921 and total assets of $41,473,053 at year end.

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