Nonprofit · EIN 84-2523217
1162 FOUNDATION INC
Tax-exempt · SUNAPEE, NH 03782
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $154,987 | $650,978 | -$495,991 | $25,870 | $195,000 | -$169,130 |
| December 31, 2023 | 990 | $200,982 | $15,854 | $185,128 | $331,190 | $0 | $331,190 |
| December 31, 2021 | 990 | $744,102 | $775,705 | -$31,603 | $18,978 | $0 | $18,978 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $151,700
- Program service revenue
- $0
- Investment income
- $3,287
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $642,496
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,100
- Program services (functional)
- $642,496
- Management and general (functional)
- $8,482
Balance sheet and other
- Total assets, start of year
- $331,190
- Total assets, end of year
- $25,870
- Total liabilities, end of year
- $195,000
- Net assets, end of year
- -$169,130
- Gross receipts
- $154,987
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- CT
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 |
|---|---|---|---|
| SHAWN REGAN | CHAIRMAN Trustee or director | 5 | $0 |
| MICHAEL HAYES | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL FISCH | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN REGAN | CHAIRMAN Trustee or director | 5 | $0 |
| MICHAEL HAYES | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL FISCH | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN REGAN | CHAIRMAN Trustee or director | 5 | $0 |
| MICHAEL HAYES | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL FISCH | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 132, SUNAPEE, NH 03782-0132
- In care of
- % MICHAEL HAYES
- Principal officer (990 for 2024)
- MICHAEL HAYES
- Signed the 990
- MICHAEL HAYES, DIRECTOR
- Phone
- (757) 256-6400
- Return prepared by
- PWC US TAX LLP
Mission
TO ENGAGE IN SELECT, HIGHLY CURATED CHARITABLE MISSIONS FOR THE BENEFIT OF SURVIVING SPOUSES, SIGNFICANT OTHERS, AND CHILDREN OF FORMER SPECIAL OPERATION MILITARY PERSONNEL KILLED OR WOUNDED IN ACTION, WITH THE GOAL OF SERVING AS A CATALYST TO ENABLE FAMILIES TO STABILIZE, REBUILD THEIR LIVES, AND FOR THEM TO PERHAPS CONTRIBUTE TO PEACE AND SECURITY IN THIS COUNTRY AND BEYOND
Program accomplishments
- THE FOUNDATION WAS ABLE TO ASSIST A FAMILY WHO EXPERIENCED THE LOSS OF A FORMER SPECIAL OPERATION MILITARY MEMBER BY PAYING OFF THE REMAINDER OF THEIR HOME MORTGAGE IN 2024.Expenses $161,141 · grants $161,141
- THE FOUNDATION WAS ABLE TO ASSIST A FAMILY WHO EXPERIENCED THE LOSS OF A FORMER SPECIAL OPERATION MILITARY MEMBER BY PAYING OFF THE REMAINDER OF THEIR HOME MORTGAGE IN 2024.Expenses $140,083 · grants $140,083
- THE FOUNDATION WAS ABLE TO ASSIST A FAMILY WHO EXPERIENCED THE LOSS OF A FORMER SPECIAL OPERATION MILITARY MEMBER BY PAYING OFF THE REMAINDER OF THEIR HOME MORTGAGE IN 2024.Expenses $341,272 · grants $341,272
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
- 84-2523217
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $25,870
- Income (IRS master file)
- $154,987
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $154,987 | $650,978 | $25,870 | IRS |
| 990 | December 2023 | $200,982 | $15,854 | $331,190 | XML |
| 990 | December 2022 | $388,126 | $261,043 | $146,062 | IRS |
| 990 | December 2021 | $744,102 | $775,705 | $18,978 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 84-2523217).
Questions about 1162 FOUNDATION INC
- What is the EIN of 1162 FOUNDATION INC?
- The employer identification number (EIN) of 1162 FOUNDATION INC is 84-2523217.
- Is 1162 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to 1162 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1162 FOUNDATION 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 1162 FOUNDATION 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 1162 FOUNDATION 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 1162 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MICHAEL HAYES.
- Who are the officers and directors of 1162 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does 1162 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $154,987, expenses of $650,978 and total assets of $25,870 at year end.
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