STRATEGY STUDIO / PUBLIC DATA EXPLORER

ASMBA STAR FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ASMBA STAR FOUNDATION (EIN 26-3180510)
Tax period
2022-04-01 to 2023-03-31
Filed
2023-11-07
IRS object ID
202343119349302329
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-07T17:24:18-08:00ReturnTs
Tax Period End2023-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN834386546PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Diana Landa CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11382 Moonlight TrlAddressLine1Txt
CityBrentwoodCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37027ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263180510EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASMBA STAR FOUNDATION INCBusinessNameLine1Txt
Business Name Line2DBA OVERWATCH ALLIANCEBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlASMBBusinessNameControlTxt
Phone6158510800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 NORTHCHASE DR 220AddressLine1Txt
CityGOODLETTSVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37072ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRICE N SMITHPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-11-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBRICE NPersonFirstNm
Person LastSMITHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDiana LandaPreparerPersonNm
PTINP00546366PTIN
Phone6154800499PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRICE N SMITHPrincipalOfficerNm
Gross Receipts$884,950GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ASMBASTARFOUNDATION.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTO IMPROVE THE QUALITY OF LIFE FOR ALL MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$224,469PYContributionsGrantsAmt
CY Contributions Grants$142,012CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$161,943PYInvestmentIncomeAmt
CY Investment Income$42,452CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$386,412PYTotalRevenueAmt
CY Total Revenue$184,464CYTotalRevenueAmt
PY Grants And Similar Paid$152,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$170,100CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$20,279PYOtherExpensesAmt
CY Other Expenses$18,395CYOtherExpensesAmt
PY Total Expenses$172,279PYTotalExpensesAmt
CY Total Expenses$188,495CYTotalExpensesAmt
PY Revenues Less Expenses$214,133PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,031CYRevenuesLessExpensesAmt
Total Assets BOY$2,188,651TotalAssetsBOYAmt
Total Assets EOY$2,069,928TotalAssetsEOYAmt
Total Liabilities BOY$12,746TotalLiabilitiesBOYAmt
Total Liabilities EOY$22,820TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,175,905NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,047,108NetAssetsOrFundBalancesEOYAmt
MissionTHE FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR ALL MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES BY CONTRIBUTING TO THOSE FINANCIAL, EDUCATIONAL, EMPLOYMENT AND MEDICAL NEEDS UNMET BY THE U.S. GOVERNMENT.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$183,195ExpenseAmt
Grant$170,100GrantAmt
Revenue$42,452RevenueAmt
DescTHE ASMBA STAR FOUNDATION AWARDS GRANTS TO OTHER MILITARY CHARITIES WHO ARE FOCUSED ON PROVIDING ASSISTANCE TO OUR NATION'S WOUNDED, ADDICTED, HOMELESS OR AT-RISK FOR BECOMING HOMELESS, UNEMPLOYED OR UNDEREMPLOYED, TRANSITIONING, AND UNDERSERVED MILITARY, VETERANS AND THEIR FAMILIES. WE HELP CHARITIES HEAL OUR NATION'S HEROES AND THEIR LOVED ONES BY PROVIDING SUPPORT IN THE AREAS OF EDUCATIONAL ASSISTANCE, RECREATIONAL OR THERAPEUTIC HEALING ACTIVITIES (INCLUDING RETREATS, AFTER-SCHOOL OR SUMMER ENRICHMENT ACTIVITIES FOR CHILDREN), FREE LEGAL OR BENEFITS COUNSELING, SERVICE DOGS TO WOUNDED/DISABLED VETERANS, HOUSING FOR HOMELESS VETERANS, AND SO MUCH MORE.Desc
Total Program Service Expenses$183,195TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBRICE N SMITHPersonNm
Phone6158510800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 NORTHCHASE DR STE 220AddressLine1Txt
CityGOODLETTSVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37072ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
FRANK BUMSTEAD
CHAIR2.000.00Yes (X)Yes (X)$0$0$0
DENNIS TONNESLAN
VICE CHAIR2.000.00Yes (X)Yes (X)$0$0$0
BILL ARMISTEAD III
Director2.000.00Yes (X)$0$0$0
JERRY BREAST
Director2.000.00Yes (X)$0$0$0
SUSAN FAVERO
Director2.000.00Yes (X)$0$0$0
DEBRA KUBIET
Director2.000.00Yes (X)$0$0$0
MITSI LINDSAY
Director2.000.00Yes (X)$0$0$0
BRICE N SMITH NON-VOTING
President4.000.00Yes (X)$0$0$0
CHERYL A STONE NON-VOTING
Secretary4.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$142,012AllOtherContributionsAmt
Total Contributions$142,012TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,961TotalRevenueColumnAmt
Exclusion$35,961ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$706,977SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$700,486SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,491SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,491TotalRevenueColumnAmt
Exclusion$6,491ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$184,464TotalRevenueColumnAmt
Exclusion$42,452ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$170,100TotalAmt
Program Services$170,100ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,300TotalAmt
Management And General$5,300ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$10,091TotalAmt
Program Services$10,091ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,561TotalAmt
Program Services$1,561ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,283TotalAmt
Program Services$1,283ProgramServicesAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
WEBSITE$130$130
FILING FEES$30$30

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$188,495TotalAmt
Program Services$183,195ProgramServicesAmt
Management And General$5,300ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$350,853BOYAmt
EOY$324,475EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$36,388BOYAmt
EOY$37,439EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,724BOYAmt
EOY$1,767EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$140BOYAmt
EOY$155EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,679LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,679LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,799,546BOYAmt
EOY$1,706,092EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,188,651BOYAmt
EOY$2,069,928EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$12,746BOYAmt
EOY$22,820EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,746BOYAmt
EOY$22,820EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,175,905BOYAmt
EOY$2,047,108EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,175,905BOYAmt
EOY$2,047,108EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,188,651BOYAmt
EOY$2,069,928EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$4,031ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$124,766NetUnrlzdGainsLossesInvstAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$134,132CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$143,845CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$140,883CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$224,469CurrentTaxYearMinus1YearAmt
Current Tax Year$142,012CurrentTaxYearAmt
Total$785,341TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$134,132CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$143,845CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$140,883CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$224,469CurrentTaxYearMinus1YearAmt
Current Tax Year$142,012CurrentTaxYearAmt
Total$785,341TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$566,095SubstantialContributorsTotAmt
Public Support Total170$219,246PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,103CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,262CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$25,525CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,171CurrentTaxYearMinus1YearAmt
Current Tax Year$35,961CurrentTaxYearAmt
Total$140,022TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$925,363TotalSupportAmt
Public Support CY1700.23690PublicSupportCY170Pct
Public Support PY1700.26500PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestCurrent Year Facts and Circumstances: ASMBA Star Foundation, Inc. (Foundation) meets the facts and circumstances test set forth under Section 1.170A-9(f)(3) of the Treasury Regulations (the Facts and Circumstances Public Support Test) and, as a result, continues to be properly classified as a publicly-supported public charity described in Section 170(b)(1)(A)(vi) of the Code. Section 1.170A-9(f)(3) of the Treasury Regulations provides that an organization will satisfy the Facts and Circumstances Public Support Test if (i) the total amount of governmental and public support normally received by an organization equals at least 10% of the total support normally received by such organization, (ii) the organization is organized and operated as to attract new and additional public support on a continuous basis, and (iii) the organization is in the nature of an organization that is publicly supported taking into account all pertinent facts and circumstances, including the factors listed in Treas. Reg. Section 1.170A-9(f)(3)(iii)(A) through (E).The Foundation satisfies the first prong of the Facts and Circumstances Public Support Test because its public support percentage for the fiscal year ending March 31, 2023 is 23.69%, which is well over the 10% threshold. In addition, the Foundations public support percentage for the other years in the reporting period are substantially above the 10% threshold and in one of those years is above the 33.33% threshold. The Foundations public support percentage for those other years in the reporting period are 26.5% for the fiscal year ending March 31, 2022, 25.32% for the fiscal year ending March 31, 2021, 31.71% for the fiscal year ending March 31, 2020 and 46.65% for the fiscal year ending March 31, 2019.The Foundation also satisfies the second prong of the Facts and Circumstances Public Support Test because it has been operated to attract new and additional public support on a continuous basis during the years included in the reporting period by maintaining continuous and bona fide programs for solicitation of funds from the general public and governmental sources. Specifically, the Foundation has conducted the following solicitation activities during the years included in the reporting period:*Qualified for and participated in the Combined Federal Campaign (CFC), a program which allows current Federal employees and retirees, including members of the Armed Services, to designate payments to qualified charitable organizations via payroll withholding. Participation in the CFC gives the Foundation the ability to reach all Federal employees regardless of duty station or their current state of residence;*Participated in purchase affinity programs;*Participated in Salute to Veterans radiothon; *Direct solicitation to those in the Middle Tennessee community known to have an interest in supporting the military;*Encouraged Board members to contribute to the Foundation;*Encouraged Board members to contact their friends and associates to contribute to the Foundation;*Maintained a website, www.Overwatchalliance.org, which provides information and activities about the Foundation; and*Attracted career military retirees who have demonstrated a willingness to continually support our military and their families with their service on the Board and with their financial contributions.With respect to the third and final prong of the Facts and Circumstances Public Support Test, there is little to no room for doubt the Foundation is an organization that is in the nature of an organization that is publicly supported taking into account all pertinent facts and circumstances, including the factors listed in Treas. Reg. Section 1.170A-9(f)(3)(iii)(A) through (E) (no one of which is determinative and not all of which have to be satisfied to meet the Facts and Circumstances Public Support Test). These enumerated factors in the Treasury Regulations are as follows: A. Percentage of Financial Support. Section 1.170A-9(f)(3)(iii)(A) of the Treasury Regulations provide that [t]he higher the percentage of support above the 10 percent requirement from public or governmental sources, the lesser will be the burden of establishing the publicly supported nature of the organization through other factors while the lower the percentage, the greater will be the burden. As outlined earlier in this explanation, the Foundations public support percentage is well over the 10% threshold in each of the five years included in the reporting period, with the public support percentage being above 33.33% threshold in one of those years. B. Sources of Support. Under this factor, the fact that an organization meets the ten percent (10%) support requirement through support from governmental units or directly or indirectly from a representative number of persons, rather than receiving almost all of its support from the members of a single family is to be taken into consideration in determining whether an organization is publicly supported. As demonstrated by the Foundations public support percentage set forth above, the Foundation receives a significant portion of its support from a representative number of persons. In addition, the deemed non-public support received by the Foundation that exceeds 2% from the five years included in the reporting period is primarily derived from a connected organization named Armed Services Mutual Benefit Association (ASMBA). The Foundation believes that it is taking a conservative position in deeming the support received from ASMBA to be non-public support. ASMBA is a member-based organization that provides its members with a variety of low-cost benefit programs and financial security in the form of life insurance and survivor benefit coverages, which are not otherwise readily available at reasonable rates or without limiting clauses, such as war, to members of the Armed Services due to their occupation and the inherent risks involved in such occupation. ASMBA has a large and diverse membership and could be seen as representing its membership in making donations to the Foundation. C. Representative Governing Body. The fact that an organization has a governing body that represents the broad interests of the public, rather than the personal and private interests of a limited number of donors is to be taken into account in determining whether an organization is publicly supported.The Foundation has a representative governing body. All of the members of the Foundations Board of Directors and Board of Advisors have all served in the military and are knowledgeable about military life and life after military service. The members of the Board of Directors include high-ranking commissioned career retirees, career non-commissioned officers (NCO) retirees, and those who served in the military only 2-3 years. Following their military service, many of the members of the Board had enduring professional careers, with those careers including a lawyer, a financial advisor, a registered nurse, a real estate broker, and a former national account manager at the Internal Revenue Service. The Foundations Board members presently reside in four (4) different states, and no members of the Board are related.D. Availability of Public Facilities or Services. Providing facilities or services directly to the general public on a continuing basis is evidence that an organization is publicly supported. The Foundations mission is to improve the quality of life for all Military Service Members, Veterans, and their families. The Foundation primarily conducts this mission by providing grants to smaller Section 501(c)(3) organizations that are focused on providing assistance to our Nations wounded, addicted, homeless, at-risk, unemployed or underemployed, transitioning, and underserved military, veterans and their families. The Foundations support of these initiatives enables support to get directly to some of the most deserving members of our Nations general public, Military Service Members, Veterans, and their families. E. Additional Factors Pertinent to Membership Organizations. These factors do not have applicability to the Foundation as it is not a membership organization. As illustrated by the foregoing explanation, the Foundation clearly meets and satisfies all three prongs of the Facts and Circumstances Public Support Test and, as a result, continues to be properly classified as a publicly-supported public charity described in Section 170(b)(1)(A)(vi) of the Code.FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,679OtherCostOrOtherBasisAmt
Depreciation$3,679DepreciationAmt
FieldValueIRS element (for citing)
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$49,607TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$124,766NetUnrealizedGainsInvstAmt
Revenue Not Reported-$124,766RevenueNotReportedAmt
Revenue Subtotal$174,373RevenueSubtotalAmt
Investment Expenses Not Incld$10,091InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$10,091RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$184,464TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$178,404TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$178,404ExpensesSubtotalAmt
Investment Expenses Not Incld2$10,091InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$10,091ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$188,495TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationASMBA STAR FOUNDATION INC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSELY AFFECT THE TAX EXEMPT STATUS OF THE ORGANIZATION. ASMBA STAR FOUNDATION FILES A FEDERAL TAX RETURN FORM 990. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), AN UNCERTAIN TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. ASMBA STAR FOUNDATION HAD NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANACIAL STATEMENTS.AS OF MARCH 31, 2023 AND 2022, ASMBA STAR FOUNDATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE ASSOCIATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. ASMBA STAR FOUNDATION FILES U.S. FEDERAL INFORMATION TAX RETURNS. THE RETURNS ARE GENERALLY OPEN TO AUDIT UNDER THE STATUTES OF LIMITATIONS FOR THREE YEARS FOLLOWING THE LATER OF THE INTITIAL DUE DATE OF THE RETURN OR THE DATE FILED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11bTHE 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. IT IS THEN DISTRIBUTED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
Form 990, Part VI, Section B, Line 12cEACH MEMBER IS ASKED PRIOR TO EACH MEETING IF THEY HAVE A CONFLICT OF INTEREST. IF SO, THEY WITHDRAW TO HAVE A VOTE REGARDING THE GRANT.
Form 990, Part VI, Section C, Line 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST.
Form 990, Part XII, Line 2cNO CHANGE FROM PRIOR YEARS.