2025-11-17T13:44:28-06:00 2024-12-31 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2024-01-01 542062271 The Pentagon Federal Credit Union Foundation PENT 7038381200 2930 Eisenhower Avenue Alexandria VA 22314 Chris Sowder Director of Finance 7038381200 2025-11-17 1 0 Stacy Cullen P00974308 3012316200 2025-11-17 2024 2025-03-06 01:10:19Z PenFed Foundation Andrea McCarren 2930 Eisenhower Avenue Alexandria VA 22314 4017049 0 X www.PenFedFoundation.org X 2001 VA To champion our military through investment, advocacy, and outreach. 8 8 0 60 0 0 3788577 3414962 0 0 107106 134331 -607060 -296611 3288623 3252682 1397810 1324266 0 0 0 0 0 0 14348 1221074 936127 2618884 2260393 669739 992289 8534940 11395752 736001 86941 7798939 11308811 X The mission of the PenFed Foundation is to champion our military through investment, advocacy, and outreach. 0 0 1486975 1304050 Military Heroes Program:The Military Heroes Program supports the military community in three ways: 1. Funding for projects that have a significant positive impact on a specific military community or more broadly across the entire military family. 2. Support to individuals experiencing a life changing emergency. 3. Support to our allies through the Afghan Rescue and Resettlement Program, which resettled Afghan refugees in the United States after the fall of Kabul. 357967 19716 Veteran Entrepreneur Investment Program (VEIP):VEIP provides veteran and military spouse entrepreneurs with education, mentorship, and connection to capital to build and grow their businesses. 49238 500 Other Programs 1894180 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 50 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AK AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA WV WI X X One Degree Financial 7035796868 204 Washington Street Box 608a Occoquan VA 22125 Deborah Lee James Chairwoman 2.00 X X 0 0 0 James Quinn Vice Chair 1.50 5.00 X X 0 0 0 Sandra Patricola Secretary/Treasurer 1.00 6.00 X X 0 0 0 David Barondess Director 1.00 X 0 0 0 Edward B Cody Director 1.00 28.00 X 0 0 0 Doug Doan Director 1.00 X 0 0 0 John Flynn Director 1.00 X 0 0 0 Pete Hilger Director 1.00 X 0 0 0 Alfred Rudolph Director 1.00 4.00 X 0 0 0 Katherine Watson Director of Philanthropy 37.50 X 0 142157 14879 Andrea McCarren President 37.50 X 0 346524 23638 0 488681 38517 0 0 1 0 One Degree Financial 204 Washington Street Box 608 Occoquan VA 22125 Accounting 184972 4 Media Group 700 SE 5th St Suite 38 Bentonville AR 72712 Marketing 118825 2 2140897 1274065 13611 3414962 134230 134230 101 0 101 101 101 359256 2140897 764367 -405111 -405111 Bravo Fund Management Fee 900099 108500 108500 108500 3252682 108500 0 -270780 X 1022000 1022000 302266 302266 14078 1462 12616 223302 136582 86436 284 267515 163625 103550 340 140086 88705 51236 145 78761 3291 75050 420 38047 21533 16514 64824 48555 3110 13159 52530 49877 2653 Sponsorship 53350 53350 Memberships and Subscri 2604 2604 Bad Debt 1583 508 1075 Taxes and Licenses 29 9 20 -582 -187 -395 2260393 1894180 351865 14348 6631987 2469857 581287 832940 723609 620420 10064 0 137322 113392 450671 6379910 0 979233 8534940 11395752 736001 86941 736001 86941 X 6181225 9900420 1617714 1408391 7798939 11308811 8534940 11395752 992289 34200 2483383 0 X 0 1 X 0 0 X 4525135 3461356 5958332 3788577 3774218 21507618 4525135 3461356 5958332 3788577 3774218 21507618 1028775 1437259 72850 210048 2748932 0 1028775 1437259 72850 210048 2748932 18758686 25921 36003 24624 71805 134230 292583 25921 36003 24624 71805 134230 292583 108500 108500 4551056 3497359 5982956 3860382 4016948 21908701 0.85620 0.83550 0.01340 0.00800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6379910 F 6379910 Bravo Receivable 618733 Bravo Fund Mgmt Fee Receivable 360500 979233 X Part X, Line 2: The Foundation follows the accounting guidance that creates a single model to address uncertainty in tax positions and clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in its consolidated financial statements. Under the requirements of this guidance, organizations could now be required to record an obligation as the result of tax positions they have historically taken on various tax exposure items. The Foundation is not required to record such an obligation. The Foundation is no longer subject to income tax examination by federal, state or local tax authorities for tax years before 2021. X X X X 1 Celebration of Service Gala 1233039 1151511 81528 11685 19832 100994 20241 152279 DC Golf 1025228 776299 248929 231119 68306 13050 101538 3 241886 213087 28799 28799 5000 11524 2500153 2140897 359256 40484 250951 169300 38291 265341 764367 -405111 1 Arcadia Food Inc 9000 Richmond Highway Alexandria VA 22309 273611614 C Corp 10000 0 Ongoing charitable support Arizona Veterans Hall of Fame Society 7650 S McClintock Dr Ste 103-443 Tempe AZ 85284 830481331 501(c)(3) 15000 0 Ongoing charitable support Armed Services YMCA of Hampton Roads 1465 Lakeside Road Virginia Beach VA 23455 540525308 C Corp 25000 0 Ongoing charitable support Blacksburg Refugee Partnership PO Box 116 Blacksburg VA 24063 813692372 C Corp 15000 0 Ongoing charitable support Blue Star Counseling 2996 St Rt 5 Suite B Cortland OH 44410 452506576 C Corp 25000 0 Ongoing charitable support Canine Companions (Northeast Region) 286 Middle Island Road Medford NY 11763 942494324 C Corp 25000 0 Ongoing charitable support Context Ventures 37302 32nd Ave South Auburn WA 98001 862222409 Partnership 15000 0 Ongoing charitable support CreatiVets 672A Westboro Dr Nashville TN 37209 463617663 501(c)(3) 25000 0 Ongoing charitable support Easter Seals Serving DC MD VA 1420 Spring Street Silver Spring MD 20910 530212296 501(c)(3) 15000 0 Ongoing charitable support FORCE BLUE INC 46 Fernandina Street Mount Pleasant SC 29464 352736193 501(c)(3) 50000 0 Ongoing charitable support Foundation for Women Warriors 185 Park Center Drive Suite R Vista CA 92081 205523954 501(c)(3) 15000 0 Ongoing charitable support Green Beret foundation 15618 Summit Park Drive Suite 208 Montgomery TX 77356 271206961 501(c)(3) 50000 0 Ongoing charitable support Homeward Trails Animal Rescue 11116 Fairfax Station Rd Fairfax Station VA 22039 320086330 S Corp 25000 0 Ongoing charitable support Marine Raider Foundation PO Box 977 Fishers IN 46038 452913544 501(c)(3) 20000 0 Ongoing charitable support Military Child Education Coalition 909 Mountain Lion Circle Harker Heights TX 76548 742889416 C Corp 25000 0 Ongoing charitable support Military Women's Memorial 200 N Glebe Road Suite 400 Arlington VA 22203 521513535 501(c)(3) 12500 0 Ongoing charitable support MVP360 Leadership Development Program Inc 768 Parker Lane Springfield PA 19064 465478618 C Corp 12500 0 Ongoing charitable support National Military Family Association 2800 Eisenhower Avenue Alexandria VA 22314 520899384 501(c)(3) 25000 0 Ongoing charitable support NextOp Inc 2929 McKinney Street Houston TX 77003 471429344 501(c)(3) 50000 0 Ongoing charitable support Operation Encore 83 Columbia Ave Jamestown RI 02835 822192094 501(c)(3) 25000 0 Ongoing charitable support Our Military Kids Inc 2911 Hunter Mill Road Suite 203 Oakton VA 22124 562483648 C Corp 10000 0 Ongoing charitable support Pritzker Military Museum & Library 104 S Michigan Ave STE 1025 Chicago IL 60603 364477083 501(c)(3) 30000 0 Ongoing charitable support PTSD Foundation of America 9724 Derrington Road Houston TX 77064 203864341 C Corp 10000 0 Ongoing charitable support Reveille Grounds 4946 Hazel Avene Baltimore MD 21227 872123540 C Corp 25000 0 Ongoing charitable support SMART Heroes Foundation 3180 Fairview Park Dr Suite 400 Falls Church VA 22042 352643126 501(c)(3) 50000 0 Ongoing charitable support The 957 Project Po Box 355 The Plains VA 20198 521231735 501(c)(3) 25000 0 Ongoing charitable support The Aleph Institute INC 9540 Collins Avenue Surfside FL 33154 592291627 501(c)(3) 35000 0 Ongoing charitable support The American Legion Department of Puerto Rico PO BOX 363874 SAN JUAN PR 00936 660311127 C Corp 25000 0 Ongoing charitable support The COMMIT Foundation 280 West Kagy Blvd Suite D313 Bozeman MT 59715 455219311 501(c)(3) 50000 0 Ongoing charitable support The Honor Foundation Military Heroes 11055 Roselle Street Suite 120 San Diego CA 92121 462952873 501(c)(3) 25000 0 Ongoing charitable support Travis Manion Foundation 164 E State St Doylestown PA 18901 412237951 501(c)(3) 35000 0 Ongoing charitable support Tri- County Council Foundation INC 31901 Tri- County Way Salisbury MD 21504 260353071 501(c)(3) 12000 0 Ongoing charitable support United Through Reading 1455 Frazee Road Suite 500 San Diego CA 92108 330373000 501(c)(3) 10000 0 Ongoing charitable support United Way of Broward County 1300 South Andrews Avenue Fort Lauderdale FL 33316 590624402 501(c)(3) 25000 0 Ongoing charitable support US Naval Sea Cadet Corps 2300 Wilson Blvd Suite 200 Arlington VA 22201 520808385 501(c)(3) 25000 0 Ongoing charitable support Veterans One Stop Center WNY 1255 Niagara St Suite 230 Buffalo NY 14213 455098692 C Corp 42500 0 Ongoing charitable support Vets - Beyond the Uniform Foundation 3231 - C Business Park Dr 121 Vista CA 92081 871012878 501(c)(3) 7500 0 Ongoing charitable support Warriors & Quiet Waters Foundation 351 Evergreen Dr STE A Bozeman MT 59715 208837637 C Corp 50000 0 Ongoing charitable support Warriors Ethos Inc 1801 Robert Fulton Drive Suite 340 Reston VA 20191 462693628 501(c)(3) 25000 0 Ongoing charitable support wear blue run to remember 3427 McDaniel Street DuPont WA 98327 272165561 501(c)(3) 25000 0 Ongoing charitable support 25 15 Grants Given for VEP - Prep- Master's Program 11 19716 Grants to FTPs 41 233952 Grants Given for Disaster Relief 41 21000 Grants Given for Military Heroes 19 27598 Part I, Line 2: Grant requests must be submitted through our online grant portal, where we track applications through the approval process. Grant recipients sign a grant agreement, which lays out the terms of the grant. We also request follow up information on how the money was spent and the overall success of the project or grant. 0 0 0 0 0 0 0 0 0 Andrea McCarren President 0 292235 0 52350 0 1939 0 0 0 23638 0 370162 0 0 Katherine Watson Director of Philanthropy 0 118987 0 21975 0 1195 0 0 0 14879 0 157036 0 0 Form 990, Part VI, Section B, line 11b Regarding the filing of Form 990, the Foundation's board presently relies on the expertise of the financial staff at the Pentagon Federal Credit Union (PenFed) who are experts in these areas along with outside financial and tax expertise. The board has requested that outside tax experts prepare and file this Form 990. The board is updated on the financials of the Foundation on a regular basis and provided copies of the financial statements, as well as a copy of the Form 990 upon request. Form 990, Part VI, Section B, line 12c Regarding policies for conflict of interest, whistleblower policy, document retention and destruction policy, the Foundation has adopted the policies of the Pentagon Federal Credit Union (PenFed). PenFed donates all employee services to the Foundation. The Foundation relies on the expertise in these areas of the staff of PenFed, of which PenFed staff are experts and knowledgeable of the established policies and procedures within PenFed for these areas and the remedies therein. The Foundation is providing for the resources to adopt and manage its own separate policies through board direction and approval in these important areas of governance of the Foundation. Form 990, Part VI, Section C, line 19 Financial statements are available on the organization's website and to the public upon request. Form 990, Part IX, line 11g Consulting Services: Program service expenses 163,625. Management and general expenses 103,550. Fundraising expenses 340. Total expenses 267,515. Pentagon Federal Credit Union 7940 Jones Branch Drive McLean VA 22102 530197038 Credit Union VA 501(c)(1) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0