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Nonprofit · EIN 47-2400657

SAM INC

Tax-exempt · ALEXANDRIA, VA 22314

Financials

$3.4M$1.4M2023$1.2M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of SAM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,202,541$2,264,970-$1,062,429$10,135,586$1,860,098$8,275,488
December 31, 2023990$3,384,294$1,421,725$1,962,569$9,036,174$3,439$9,032,735
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$692,684
Program service revenue
$117,348
Investment income
$379,718
Net gain from sales of assets
$13,533
Other revenue
$12,791

Expenses

Grants and similar amounts paid
$170,552
Compensation of officers, directors and key employees
$264,530
Other salaries and wages
$409,106
Salaries, compensation and benefits (total)
$805,846
Professional fundraising fees
$0
Legal fees
$656,395
Accounting fees
$40,134
Occupancy
$11,326
Program services (functional)
$1,885,982
Management and general (functional)
$106,075
Fundraising (functional)
$272,913

Balance sheet and other

Total assets, start of year
$9,036,174
Total assets, end of year
$10,135,586
Total liabilities, end of year
$1,860,098
Net assets, end of year
$8,275,488
Land, buildings and equipment
$2,097,063
Publicly traded securities
$7,671,540
Net assets without donor restrictions
$8,275,488
Gross receipts
$6,670,471
Employees
9
Volunteers
5
Year formed
2014
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 / weekCompensationOther / benefits
LUKE NIFORATOSEXECUTIVE VICE PRESIDENT
Officer
20$231,946$25,916
JOHN SPURLOCKCHIEF DEVELOPMENT OFFICER
Highest-paid employee
38$145,000$0
BRENDAN FAIRFIELDDIRECTOR OF EXTERNAL PROGRAMS
Highest-paid employee
38$110,097$0
KEVIN A SABET-SHARGHIPRESIDENT
Officer
20$6,668$0
JON TALCOTTCHAIR
Trustee or director
1$0$0
STEVE MILLETTEDIRECTOR
Trustee or director
1$0$0
IAN COLHOUNDIRECTOR
Trustee or director
1$0$0
MIKE BLOOMDIRECTOR
Trustee or director
1$0$0
BEN CORTDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
LUKE D NIFORATOSEXECUTIVE VICE PRESIDENT
Officer
20$158,742$13,411
JOHN A SPURLOCKCHIEF DEVELOPMENT OFFICER
Highest-paid employee
38$108,847$0
BRENDAN FAIRFIELDDIRECTOR OF EXTERNAL PROGRAMS
Highest-paid employee
38$107,250$0
KEVIN A SABET-SHARGHIPRESIDENT AND CEO
Officer
20$78,927$12,098
JONATHAN H TALCOTTCHAIR
Trustee or director
1$0$0
BEN CORTDIRECTOR
Trustee or director
1$0$0
STEVE MILLETTEDIRECTOR
Trustee or director
1$0$0
DAVID GEORGEDIRECTOR
Trustee or director
1$0$0
MICAEL BLOOMDIRECTOR
Trustee or director
1$0$0
IAN COLHOUNDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
107 S WEST ST, ALEXANDRIA, VA 22314-2824
In care of
% KEVIN A SABET SHARGHI
Principal officer (990 for 2024)
KEVIN A SABET-SHARGHI, 107 S WEST ST 757, ALEXANDRIA, VA 22314
Signed the 990
LUKE D NIFORATOS, EXECUTIVE VICE PRESIDENT
Phone
(571) 989-3611
Return prepared by
SIKICH LLC

Mission

TO PURSUE EXCLUSIVELY CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES BY EDUCATING THE PUBLIC ABOUT AND FACILITATING THE ESTABLISHMENT OF SOUND DRUG POLICY, AND PROVIDING FINANCIAL SUPPORT TO ORGANIZATIONS WITH SIMILAR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

990 for the year ended December 31, 2024

Program accomplishments

  • HELD EDUCATIONAL ACTIVITIES.
    Expenses $1,885,982 · grants $170,552 · revenue $117,348

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
47-2400657
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
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,135,586
Income (IRS master file)
$6,670,471

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,202,541$2,264,970$10,135,586XML
990December 2023$3,384,294$1,421,725$9,036,174XML
990December 2022$2,876,229$1,149,799$6,780,768IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 47-2400657).

Questions about SAM INC

What is the EIN of SAM INC?
The employer identification number (EIN) of SAM INC is 47-2400657.
Is SAM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to SAM INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SAM INC 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 SAM INC 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 SAM INC 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 SAM INC?
The 990 for the year ended December 31, 2024 names KEVIN A SABET-SHARGHI.
Who are the officers and directors of SAM INC?
The 990 for the year ended December 31, 2024 lists 9 people; 4 received compensation from the organization, the highest $231,946 (LUKE NIFORATOS, EXECUTIVE VICE PRESIDENT).
How much revenue does SAM INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,202,541, expenses of $2,264,970 and total assets of $10,135,586 at year end.

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