War Veterans Recreation Inc
- Assets
- $268.9k
- Revenue
- $383.5k
- Investments
- $0.0
- Employees
- 31
- Location
- Jamestown, NY
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 16-0731276
Organization Overview
War Veterans Recreation Inc is located in Jamestown, NY. The organization was established in 2001. 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 12/2022, War Veterans Recreation Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. War Veterans Recreation Inc 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 12/2022, War Veterans Recreation Inc generated $383.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $400.4k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
FRATERNAL ORGANIZATION THAT PROVIDES FELLOWSHIP FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ORGANIZATION THAT PROVIDES FELLOWSHIP FOR ITS MEMBERS. FOOD AND BAR SERVICE AND BELL JAR IS AVAILABLE FOR MEMBERS ENTERTAINMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Woodfield President | OfficerTrustee | 2 | $1,800 |
Jack Hedin Director | Trustee | 2 | $0 |
Bruce Piatz Director | Trustee | 2 | $0 |
Steve Singer Director | Trustee | 2 | $0 |
Richard Bensink Director | Trustee | 2 | $0 |
William Close Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,055 |
| 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 | $41,060 |
| Total Program Service Revenue | $384 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,098 |
| Net Income from Gaming Activities | $161,405 |
| Net Income from Sales of Inventory | $131,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,215 |
| Grants and other assistance to domestic individuals. | $10,623 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,200 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,114 |
| Office expenses | $6,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,404 |
| Insurance | $18,028 |
| All other expenses | $0 |
| Total functional expenses | $400,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,706 |
| Savings and temporary cash investments | $0 |
| 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 | $23,624 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $139,133 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,407 |
| Other assets | $0 |
| Total assets | $268,870 |
| Accounts payable and accrued expenses | $4,911 |
| 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 | $145,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,024 |
| Net assets without donor restrictions | $28,844 |
| Net assets with donor restrictions | $90,002 |
| 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 | $268,870 |