Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 200,982 | 134,132 | 143,845 | 140,883 | 224,469 | 844,311 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 200,982 | 134,132 | 143,845 | 140,883 | 224,469 | 844,311 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 588,221 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 256,090 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 200,982 | 134,132 | 143,845 | 140,883 | 224,469 | 844,311 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 18,049 | 26,103 | 27,262 | 25,525 | 25,171 | 122,110 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 966,421 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
|---|
| Prior 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, 2022 is 26.50%, 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 a few of those years above the 33.33% threshold. The Foundations public support percentage for those other years in the reporting period are 25.32% for the fiscal year ending March 31, 2021, 31.71% for the fiscal year ending March 31, 2020, 46.65% for the fiscal year ending March 31, 2019 and 38.19% for the fiscal year ending March 31, 2018.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 two of those years. Further, the Foundations average public support percentage over the five-year reporting period is 33.67%, which is above the 33.33% threshold. These high public support percentages in and of themselves are sufficient to establish that the Foundation is publicly supported. 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. |
| Return Reference | Explanation |
|---|
| Software ID: | 21013475 |
| Software Version: | 2021v4.1 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 11b: Form 990 Review Process | 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | 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, Line 19: Other Organization Documents Publicly Available | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. |
| Form 990, Part XII, Line 2: Change of Oversight or Selection Process | NO CHANGE FROM PRIOR YEARS. |
| Software ID: | 21013475 |
| Software Version: | 2021v4.1 |