Veterans Of Foreign Wars
- Assets
- $623.9k
- Revenue
- $203.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Barre, VT
- Founding
- 09/1965
- Data as of
- 06/2022
- EIN
- 03-0172067
Organization Overview
Veterans Of Foreign Wars is located in Barre, VT. The organization was established in 1965. 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 06/2022, Veterans Of Foreign Wars employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars 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 06/2022, Veterans Of Foreign Wars generated $203.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $186.2k during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BENEFITS PROVIDED TO VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS ARE PAID TO MEMBERS, CONTRIBUTIONS ARE TO VFW HOSPITALS AND LOCAL CHARTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Alger Quartermaster | OfficerTrustee | 12 | $6,960 |
Jonathon E Nieto Jr. Vice Commander | OfficerTrustee | 1 | $0 |
Richard G Partington Post Chaplain | OfficerTrustee | 1 | $0 |
Paul Perreault Commander | OfficerTrustee | 2 | $0 |
David E Wells 2 Year Trustee | Trustee | 1 | $0 |
Lewis G Graham Post Surgeon (safety) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,852 |
| Fundraising events | $15,523 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,938 |
| Total Program Service Revenue | $83 |
| Investment income | $13,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $942 |
| Net Gain/Loss on Asset Sales | $9,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $58,983 |
| Net Income from Sales of Inventory | $75,886 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $541 |
| Compensation of current officers, directors, key employees. | $6,960 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,326 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,864 |
| Office expenses | $634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,628 |
| Interest | $9,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,614 |
| Insurance | $9,105 |
| All other expenses | $40,089 |
| Total functional expenses | $186,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,887 |
| Savings and temporary cash investments | $5,566 |
| 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 | $5,028 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $332,853 |
| Investments—publicly traded securities | $155,533 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,867 |
| Accounts payable and accrued expenses | $1,908 |
| Grants payable | $0 |
| Deferred revenue | $834 |
| 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 | $176,400 |
| Unsecured mortgages and notes payable | $17,912 |
| Other liabilities | $17,751 |
| Total liabilities | $214,805 |
| Net assets without donor restrictions | $409,062 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $623,867 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Veterans For Social Justice Inc Brooklyn, NY | $26,444,662 | $57,468,816 |
Massachusetts Military Support Foundation Inc Buzzards Bay, MA | $507,512 | $41,377,532 |
Soldier On Inc Pittsfield, MA | $26,254,508 | $13,386,266 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Usa Veteran And Military Support Foundation Inc Buzzards Bay, MA | $1,068 | $7,423,561 |
Veterans North East Outreach Center Inc Haverhill, MA | $8,243,940 | $5,723,835 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |
American Legion Troy, NY | $13,558,229 | $3,222,198 |
United War Veterans Council Inc New York, NY | $437,790 | $1,827,572 |
Southeastern Massachusetts Veterans Housing Program Inc New Bedford, MA | $3,405,175 | $1,838,019 |