Veterans Of Foreign Wars Of The United States Dept Of Maine
- Assets
- $429.0k
- Revenue
- $231.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Fairfield, ME
- Founding
- 05/1987
- Data as of
- 06/2019
- EIN
- 01-6014181
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Maine is located in Fairfield, ME. The organization was established in 1987. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2019, Veterans Of Foreign Wars Of The United States Dept Of Maine employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Of The United States Dept Of Maine is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 06/2019, Veterans Of Foreign Wars Of The United States Dept Of Maine generated $231.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $294.0k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO MEMBERS INCLUDING ACCESSING MEDICAL SERVICES AND TO PROVIDE FACILITIES FOR SOCIAL AND RECREATIONAL PURPOSES FOR MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AND MAINTAINED THE POST PROPERTY FOR USE BY MEMBERS AND THEIR GUESTS FOR SOCIAL AND RECREATIONAL PURPOSES.
PROVIDED COMMUNITY, EDUCATIONAL, AND CHARITABLE SUPPORT INCLUDING PARTICIPATION IN PATRIOTIC EVENTS AND PROMOTED THE PRINCIPLES OF DEMOCRACY, PATRIOTISM, AND FREEDOM WITHIN THE COMMUNITY AND THE SCHOOLS.
ASSISTED MEMBERS IN OBTAINING VETERANS' BENEFITS INCLUDING ACCESSING MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd E Boothby Quartermaster | Officer | 15 | $8,800 |
Virgil D Whitney Commander | Officer | 30 | $1,100 |
Jeffrey A Johnston Jr. Vice Commander | Officer | 3 | $0 |
Armand J Frappier Sr. Vice Commander | Officer | 3 | $0 |
Stephen G Dostie Service Officer | Officer | 3 | $0 |
Robert D Hawkins Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $579 |
| Investment income | $1,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $107,334 |
| Net Income from Sales of Inventory | $114,674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,243 |
| Compensation of current officers, directors, key employees. | $9,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,188 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $566 |
| Office expenses | $2,234 |
| Information technology | $2,485 |
| Royalties | $0 |
| Occupancy | $51,272 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,476 |
| Insurance | $12,461 |
| All other expenses | $0 |
| Total functional expenses | $293,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,358 |
| Savings and temporary cash investments | $101,595 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,296 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $428,975 |
| Accounts payable and accrued expenses | $4,056 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,056 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $424,919 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travis Mills Foundation Manchester, ME | $15,535,940 | $6,188,194 |
American Legion Winslow, ME | $1,065,815 | $697,414 |
Veterans Of Foreign Wars Of The United States Kingston, NH | $580,792 | $664,366 |
American Legion Rochester, NH | $579,032 | $514,765 |
American Legion Lebanon, NH | $1,634,880 | $741,357 |
American Legion Manchester, NH | $1,054,301 | $619,508 |
American Legion Seabrook, NH | $411,995 | $427,838 |
American Legion Dover, NH | $422,624 | $409,322 |
American Legion Alton, NH | $544,575 | $451,351 |
American Legion Newmarket, NH | $568,924 | $281,282 |
Veterans Of Foreign Wars Of The United States Dept Of Maine Winslow, ME | $401,887 | $294,094 |
American Legion Rollinsford, NH | $1,195,611 | $342,290 |