Veterans Of Foreign Wars Department Of Massachusetts
- Assets
- $953.6k
- Revenue
- $228.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 01/1965
- Data as of
- 12/2021
- EIN
- 04-6126696
Organization Overview
Veterans Of Foreign Wars Department Of Massachusetts is located in Needham, MA. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Department Of Massachusetts 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 12/2021, Veterans Of Foreign Wars Department Of Massachusetts generated $228.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $222.0k during the year ending 12/2021. While expenses have increased by 15.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VFW POST 2498 IS A VETERANS ORGANIZATION THAT PROVIDES SUPPORT TO LOCAL VETERANS OF ALL SERVICES, STRENGTHENS COMRADESHIP WITH POST MEMBERS, PROVIDES FOR PATRIOTIC ACTIVITIES, AND PARTICIPATES IN EDUCATION PROMOTING VETERANS AWARENESS ISSUES AND SUPPORTS CHARITABLE ACTIVITIES IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES TO VETERANS: VFW POST 2498 PROVIDES SUPPORT TO LOCAL VETERANS OF ALL SERVICES AND STRENGTHENS COMRADESHIP WITH POST MEMBERS. THE POST PROVIDES SUPPORT TO LOCAL RETURNING VETERANS WITH FINDING JOB ASSISTANCE AND NETWORKING WITH OTHER VETERANS IN THE AREA. THE POST PROVIDES MONTHLY DINNERS FOR VETERANS AND POST MEMBERS TO ASSIST IN NETWORKING WITH OTHER VETERANS AND COMMUNITY ORGANIZATIONS. THE POST A COORDINATION FOCUS FOR VETERANS AND LOCAL HEALTH AND WELLNESS COUNSELLING AS NEEDED. THE POST PROVIDES SUPPORT TO VA HOSPITALS IN OUR LOCAL AREA. SPECIFICALLY BY PROVIDING ACTIVITIES FOR PARAPLEGIC VETERANS. THE POST PROVIDES VISITS TO LOCAL NURSING HOMES AND REHABILITATION CENTERS IN THE COMMUNITY. THE POST PROVIDES ASSISTANCE TO VETERANS AND FAMILY MEMBERS WITH FUNERAL SERVICES OF LOCALLY DECEASED VETERANS.
PATRIOTIC EDUCATION, VETERANS AWARENESS ISSUES, CHARITABLE SERVICE ACTIVITIES: THE VFW POST 2498 PROVIDES EDUCATION ACTIVITIES IN THE COMMUNITY. THE POST CONDUCTS LOCAL CONTESTS FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS (VOICE OF DEMOCRACY AND PATRIOTS PEN) TO SPEAK AND WRITE ON A PATRIOTIC RELATED SUBJECT AS PART OF THE NATIONAL VFW PROGRAM FOR YOUTH EDUCATION. THE CONTESTANTS ALSO ATTEND A DINNER HOSTED BY POST MEMBERS AS RECOGNITION AND RECEIVE AWARDS. THE POST ASSISTS THE TOWN OF NEEDHAM WITH ANNUAL EVENTS ORGANIZING AND PARTICIPATING IN LOCAL VETERANS DAY, MEMORIAL DAY AND INDEPENDENCE DAY ACTIVITIES. THE POST PROVIDES SUPPORT TO THE TOWN'S POLICE AND FIRE DEPARTMENT HONOR GUARDS. THE POST PROVIDES RECOGNITION TO OUTSTANDING TEACHERS IN THE LOCAL SCHOOLS, LAW ENFORCEMENT AND FIRST RESPONDERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Greene Post Quartermaster | OfficerTrustee | 10 | $5,500 |
Dana Stores Post Commander | OfficerTrustee | 2 | $0 |
Charles Benedict Director | OfficerTrustee | 2 | $0 |
Robert Meltzer Director | OfficerTrustee | 2 | $0 |
William Byrnes Director | OfficerTrustee | 2 | $0 |
Robert Barry Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,450 |
| Total Program Service Revenue | $9,200 |
| Investment income | $334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,095 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,548 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,627 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $5,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,284 |
| 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 | $0 |
| Insurance | $11,250 |
| All other expenses | $0 |
| Total functional expenses | $221,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,244 |
| Savings and temporary cash investments | $13,883 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $809,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $953,565 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $953,565 |
| 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 | $953,565 |
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 |
Coast Guard Foundation Inc Stonington, CT | $21,630,462 | $10,406,014 |
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 |
Army Aviation Association Of America Inc Monroe, CT | $11,637,681 | $3,912,077 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |
American Legion Troy, NY | $13,558,229 | $3,222,198 |