The Spirit of Liberty Foundaton
Nonprofit profile at a glance
- EIN
- 133586119
- IRS 990-EZ coverage
- 2019–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2007
- Location
- Rancho Santa Fe, CA, USA
- Phone
- 8587592000
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $133,801
- Expenses
- $158,710
- Assets
- $8,609
- Liabilities
- $5,507
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- RICHARD ROVSEK (FOUNDER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Honor and support America's Armed Forces, active duty, veterans and families.The Spirit of Liberty of Foundation is committed to raising awareness and support for America's Real Heroes ... our Armed Forces, Active Duty, Veterans, First Responders and their families. We also provide support and aid to victims of disasters (fires, hurricanes, floods, etc). We develop and manage National Programs that "Make a Difference!"
What it reported doing in 2023
2023 PROGRAMS AND EVENTSMagical Maui Christmas On August 8, 2023, the Maui Wildfires devastated the historical town of Lahaina and surrounding areas. The fire scorched 6,271 acres and destroyed 2,173 homes, businesses and other structures. Sadly, 102 there were 102 deaths.It caused more than $6 billion in damage to Lahaina, Maui's economic and cultural hub for generations. To aid the fire victims the Spirit of Liberty Foundation created a Magical Maui Christmas. Thousands of gifts and toys were given to the fire victims/families to celebrate the Magic and Spirit of Christmas. The Event was held in Maui with the Salvation Army on December 10th with Americas Santa, where Maui Mayor, Richard Bissen, Hawaii Governor Josh Green, and the First Lady gave the 2,000 families thousands of donated Christmas ornaments, stockings, gifts, clothing and toys and games for the children. Also, a special Holiday Blessing was made by Kahu Kordell Kekoa, Hawaiis leading Spiritual Leader.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 15
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98%; rating input score 98
- Program expense ratio: 82.6%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -18.6%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 98% of revenue deployed · 82.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 5 filed program accomplishments · $131K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2019 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.