Veterans Of Foreign Wars Of The United States Dept Of Maine
- Assets
- $86.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bath, ME
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 22-2511904
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Maine is located in Bath, 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. 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 12/2021, Veterans Of Foreign Wars Of The United States Dept Of Maine generated $35.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OF A FRATERNAL, PATRIOTIC, HISTORICAL AND EDUCATIONAL ORGANIZATION TO PRESERVE AND STRENGTHEN COMRADESHIP AMONG ITS MEMBERS AND CARE FOR VETERANS AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Libby Commander | 2 | $0 | |
Thomas Benoit Jr V Commander | 2 | $0 | |
Thomas Rainey Quartermaster | 2 | $0 | |
Walter Coombs Trustee | 1 | $0 | |
Fred Elwell Sr V Commander | 2 | $0 | |
Bob Mead Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,268 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $366 |
| Gain or Loss | $32,708 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,342 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $460 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $6 |
| Other expenses | $8,860 |
| Total expenses | $15,396 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,778 |
| Other assets | $0 |
| Total assets | $86,778 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,778 |
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 |