2023-11-07T17:24:18-08:00 2023-03-31 834386546 Diana Landa CPA 1382 Moonlight Trl Brentwood TN 37027 990 2022-04-01 263180510 ASMBA STAR FOUNDATION INC DBA OVERWATCH ALLIANCE ASMB 6158510800 1000 NORTHCHASE DR 220 GOODLETTSVILLE TN 37072 BRICE N SMITH President 2023-11-06 true BRICE N SMITH 999009999 true Diana Landa P00546366 6154800499 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z BRICE N SMITH 884950 false X WWW.ASMBASTARFOUNDATION.COM X 2008 TN TO IMPROVE THE QUALITY OF LIFE FOR ALL MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES. 7 7 0 12 0 224469 142012 0 161943 42452 0 386412 184464 152000 170100 0 0 0 0 20279 18395 172279 188495 214133 -4031 2188651 2069928 12746 22820 2175905 2047108 THE 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. false false 183195 170100 42452 THE 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. 183195 true true false false false false false false false false true false false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false TN X X X BRICE N SMITH 6158510800 1000 NORTHCHASE DR STE 220 GOODLETTSVILLE TN 37072 X FRANK BUMSTEAD CHAIR 2.00 0.00 X X 0 0 0 DENNIS TONNESLAN VICE CHAIR 2.00 0.00 X X 0 0 0 BILL ARMISTEAD III Director 2.00 0.00 X 0 0 0 JERRY BREAST Director 2.00 0.00 X 0 0 0 SUSAN FAVERO Director 2.00 0.00 X 0 0 0 DEBRA KUBIET Director 2.00 0.00 X 0 0 0 MITSI LINDSAY Director 2.00 0.00 X 0 0 0 BRICE N SMITH NON-VOTING President 4.00 0.00 X 0 0 0 CHERYL A STONE NON-VOTING Secretary 4.00 0.00 X 0 0 0 0 false false false 0 142012 142012 0 35961 35961 0 0 0 706977 700486 6491 6491 6491 0 0 0 0 184464 42452 170100 170100 0 0 0 0 0 0 0 0 0 0 0 5300 5300 0 0 10091 10091 0 0 1561 1561 1283 1283 0 0 0 0 0 0 0 0 0 WEBSITE 130 130 FILING FEES 30 30 0 188495 183195 5300 0 350853 324475 36388 37439 0 1724 1767 0 0 0 0 140 155 3679 3679 0 1799546 1706092 0 0 0 0 2188651 2069928 12746 22820 12746 22820 X 2175905 2047108 2175905 2047108 2188651 2069928 -4031 -124766 X X false true X true false X 134132 143845 140883 224469 142012 785341 0 0 134132 143845 140883 224469 142012 785341 566095 219246 26103 27262 25525 25171 35961 140022 0 0 925363 0.23690 0.26500 X Current 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3679 3679 X 49607 -124766 -124766 174373 10091 10091 184464 178404 178404 10091 10091 188495 Part X : FIN48 Footnote ASMBA 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. Form 990, Part VI, Section B, Line 11b THE 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 12c EACH 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 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. Form 990, Part XII, Line 2c NO CHANGE FROM PRIOR YEARS.