Latrobe 515 Veterans Home Association
- Assets
- $19.9k
- Revenue
- $117.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Latrobe, PA
- Founding
- Data as of
- 12/2022
- EIN
- 25-1806903
Organization Overview
Latrobe 515 Veterans Home Association is located in Latrobe, PA. As of 12/2022, Latrobe 515 Veterans Home Association employed 15 individuals. Latrobe 515 Veterans Home Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Latrobe 515 Veterans Home Association generated $117.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $119.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. 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
PROMOTE PATRIOTISM AND LOYALTY TO THE UNITED STATES BY BENEFITTING A WAR VETERANS ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE PATRIOTISM AND LOYALTY TO THE UNITED STATES BY BENEFITING A WAR VETERANS ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Kozar Treasurer | OfficerTrustee | 6 | $0 |
Earl Penrose President | OfficerTrustee | 5 | $0 |
Thomas Horwat Secretary | OfficerTrustee | 3 | $0 |
William Wectenhiser Vice President | OfficerTrustee | 1 | $0 |
Ralph Patterson Director | Trustee | 1 | $0 |
Howard Austraw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525 |
| Total Program Service Revenue | $2,626 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $552 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $47,716 |
| Net Income from Sales of Inventory | $66,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,592 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,443 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $218 |
| Office expenses | $1,580 |
| 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 | $0 |
| Interest | $812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,445 |
| Insurance | $5,944 |
| All other expenses | $614 |
| Total functional expenses | $119,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,709 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,870 |
| Accounts payable and accrued expenses | $1,454 |
| 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 | $1,523 |
| Other liabilities | $0 |
| Total liabilities | $2,977 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $16,893 |
| Total liabilities and net assets/fund balances | $19,870 |