2024-11-08T10:50:37-06:00 2023-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2023-01-01 261572599 No Greater Sacrifice Foundation NOGR 2027561980 601 Pennsylvania Ave NW S Bldg Washington DC 20004 Charles Grace Treasurer 2027561980 2024-11-05 1 1 Yong Zhang CPA P01249785 7038930300 2024-10-18 2023 2024-10-15 13:58:12Z X John J Brown 601 Pennsylvania Ave NW S Bldg 900 Washington DC 20004 7262955 0 X www.nogreatersacrifice.org X 2008 DC NGS is dedicated to educating the children of our nation's fallen and wounded Service members. 14 14 3 50 0 0 2453511 2358928 0 0 244996 -114183 -20391 1541 2678116 2246286 2923017 2058391 0 0 370377 386090 0 0 8760 210787 211875 3504181 2656356 -826065 -410070 11982201 14016222 7689365 7928748 4292836 6087474 X NGS is dedicated to children of our nation's fallen and wounded Service members by delivering scholarships and resources to improve their quality of life through the pursuit of higher education. See Schedule O. 0 0 2566297 2058391 NGS Scholarships- In 2023, NGS made $1,610,000 new commitments to fully fund post-high school education for children of the fallen and wounded Service members. The men and women of the United States Armed Forces risk their lives to defend our great nation and the values it holds dear. There is No Greater Sacrifice than that made by these brave Americans: to put themselves in harm's way so that others might live. We are doing our part to honor this sacrifice by helping to educate the children of American Heroes.No Greater Sacrifice enables greatness in the children of fallen and wounded Service members in their pursuit of higher education. NGS raises awareness of these families and their sacrifices and provides post high school education for their children. 2566297 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA CT NY NJ DC IL PA CA X X Rebekah Lovorn 2027561980 39370 Mechling Farm Lane Leesburg VA 20175 John J Brown Chairman 5.00 X X 0 0 0 Charles Grace Treasurer 1.00 X X 0 0 0 Bonnie Sutherland Secretary & Military Family Liason 15.00 X X 0 0 0 Greg Outcalt Director of Investments 3.00 X X 0 0 0 William King General Counsel 3.00 X X 0 0 0 Kirk Rostron Director 1.00 X 0 0 0 Andrew Maner Director 1.00 X 0 0 0 Andrew King Director 5.00 X 0 0 0 Holidae Hayes Director 1.00 X 0 0 0 Frank Cavaliere Director 2.00 X 0 0 0 Robert Fisher Director 1.00 X 0 0 0 BR McConnon Director 2.00 X 0 0 0 Virginia Grande Director 1.00 X 0 0 0 Bob Okun Director 1.00 X 0 0 0 Rebekah Lovorn Executive Director 50.00 X 160413 0 0 Kanon Carlson Director of Operations 45.00 X 119400 0 0 279813 0 0 2 0 1 0 0 2358928 5377 2358928 261077 261077 4641409 5016669 -375260 -375260 -375260 Other income 900099 1541 1541 1541 2246286 0 0 -112642 4286 4286 2054105 2054105 160413 149859 9194 1360 197087 184120 11296 1671 736 736 27854 25915 1704 235 36019 36019 10881 10881 84361 82645 1383 333 22602 10759 6682 5161 16550 16550 2056 1122 934 Awareness 34326 34326 Donated goods 2610 2610 Registration/filing fee 2470 2470 2656356 2566297 81299 8760 920735 1962818 2321 2321 1481172 308540 9577973 11742543 11982201 14016222 799 45910 7688566 7882838 7689365 7928748 X 4218741 6013379 74095 74095 4292836 6087474 11982201 14016222 X -410070 1797857 406851 X X 0 1 X 1 0 X 1530963 1602144 2451670 2453511 2358928 10397216 1530963 1602144 2451670 2453511 2358928 10397216 1756154 8641062 217528 218167 206813 259895 261077 1163480 389 1497 1541 3427 11564123 0.74720 0.72810 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2021 Amount: $ 389. 2022 Amount: $ 1,497. 2023 Amount: $ 1,541. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4331829 1797857 3000 406851 2207708 2124121 10881 111284 122165 2246286 2537191 3000 3000 2534191 10881 111284 122165 2656356 Part X, Line 2: Management has evaluated NGS's tax positions and concluded that the financial statements do not include any uncertain tax positions. Part XI, Line 4b - Other Adjustments: Change in net present value of scholarships payable 111,284. Part XII, Line 4b - Other Adjustments: Change in net present value of scholarships payable 111,284. 1 Scholarships for Continued Education 58 1916480 N/A N/A Mentorship expenses and other recipient benefits 235 137625 N/A N/A Part I, Line 2: No Greater Sacrifice (NGS) grants are awarded to children of fallen and wounded Service members with the goal of providing a debt-free undergraduate college education. NGS delivers scholarships and resources to improve their quality of life through the pursuit of higher education. NGS honors the sacrifices of our Service members by investing in their children's capacity for greatness through education. In addition to the critical funding, NGS provides personalized mentorship and coaching to each scholar and their families to help them better define their career and educational goals, and to improve their quality of life through the pursuit of higher education. The scholarship covers tuition and fees (up to the cost of Public In-State University/College Tuition and Fees), room and board, books, and special equipment. To monitor the use of grant funds, through the application process a scholar's eligibility is verified based on Department of Defense and Veteran's Affairs related documentation to ensure the NGS requirements are met for selection. A funding liability is established based on information known at time of selection. For each school term, each scholar's detailed request for funds are reviewed by both the Program Manager, Executive Director/Director of Operations, and NGS Board Member and Military Family Liaison with approval from the NGS Finance Committee (composed of: Chairman, Treasurer, Director of Investments) to disburse funds. Funds are disbursed directly to the college or university, when possible, to be applied to the student's account/expenses with NGS being the last dollar to ensure their account is fully paid. Along with NGS, the funds are monitored with the schools and scholars with any unused funds returned to the organization. Additionally, each scholar is reviewed by the board annually. Any remaining liability at the time of completion is then able to be used for new scholars. Part III, Line 2(c) Amount of grant- Scholarships for education In 2023, NGS awarded $1,610,000 in scholarships to 38 new recipients. In accordance with GAAP accounting, the net present value of the 2023 scholarships awarded must be determined. The net present value is based on the recipient's age and discount rate and is adjusted annually to reflect changes in various factors, most notably the recipient's age. The net present value of the 2023 scholarships awarded and reported in Part III, column (c) is $1,916,480. At the end of 2023, NGS has a total of 357 scholarship recipients. X X 0 0 0 0 0 0 0 0 0 Rebekah Lovorn Executive Director 160413 0 0 0 0 0 0 0 0 0 160413 0 0 0 Form 990 Part I, Line 13: In accordance with GAAP accounting, the net present value of the 2023 scholarships awarded must be determined. The net present value is based on the scholar's age and discount rate, and is adjusted annually to reflect changes in various factors, most notably the scholar's age. Typically the previous year's funding determines the number of new scholarship commitments. NGS is proud to have been able to select 38 new scholars and make commitments to fund their post-high school education. NGS scholarships deliver assistance to reduce the unmet financial costs of higher education, which includes: in-state tuition, room and board, special equipment, books, or other expenses deemed necessary. NGS provides scholars with customized mentorship and coaching and funding to achieve their full education potential and works to ensure scholars earn their undergraduate degree debt-free. Form 990, Part III, Line 1 - Organization's mission: No Greater Sacrifice Foundation (NGS) is a District of Columbia not-for-profit corporation that is recognized as an organization qualified for tax exemption under section 501(c)(3) of the Internal Revenue Code. NGS was officially incorporated on January 7, 2008, to provide college funding to children of those who have fallen in service to the nation. Together with other veterans support organizations, NGS joined the effort to secure passage of the post 9/11 GI Bill which provides full GI Bill educational benefits for the children of Service members who die in the line of duty after September 10, 2001. With the passage of this legislation, NGS did not close its doors. Instead, NGS opened its doors wider to include helping the families of our wounded Service members. NGS is dedicated to the children of our nation's fallen and wounded Service members by delivering scholarships and resources to improve their quality of life through the pursuit of higher education. NGS accomplishes its mission by mentoring and coaching and funding NGS recipients with higher education tuition, room, board, and books, as well as sister charities that are working on behalf of this noble cause. NGS's vision is to honor the sacrifices of our Service members by investing in their children's capacity for greatness through education. Form 990, Part VI, Section B, line 11b Our external accountant prepares the filing. The 990 is reviewed by the Executive Director, Director of Operations, the Chairman, the Treasurer, and the General Counsel prior to filing. A copy of the 990 is then given to the entire Board of Directors. The final copy is distributed to the entire Board of Directors and uploaded to the website after filing. Form 990, Part VI, Section B, line 12c It is the duty of the interested person to disclose the existence of a potential conflict of interest. After disclosure, the remaining governing board will determine if a conflict exists. In the event of a conflict of interest, reasonable efforts will be made to obtain a more advantageous transaction or arrangement which will not give rise to a conflict of interest. Form 990, Part VI, Section B, line 15 Comparability data is used based off other non-profit foundations in our space. Chairman, General Counsel, and Finance Committee must determine and approve all compensation. Form 990, Part VI, Section C, line 19 NGS makes its governing documents, conflict of interest policy, financial statements, and other policies available to the public upon request. NGS makes its audited financial statements and Form 990 available to the public on its website. Form 990, Part XI, line 9: Reversal of prior year grants- Scholarships released from obligation 406,851. Form 990, Part XII, Line 2c: NGS's Finance Committee is responsible for oversight of the audit, including selection of the independent auditor. The process is consistent with prior years.