Veteran Tickets Foundation
- Assets
- $3.5m
- Revenue
- $70.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Tempe, AZ
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 26-2291955
Organization Overview
Veteran Tickets Foundation is located in Tempe, AZ. The organization was established in 2010. 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 12/2021, Veteran Tickets Foundation employed 20 individuals. This organization is the central organization for a national or regional group of organizations. Veteran Tickets Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Veteran Tickets Foundation generated $70.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $66.9m during the year ending 12/2021. While expenses have increased by 20.2% 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
TO GIVE BACK TO THOSE INDIVIDUALS THAT HAVE SERVED THE UNITED STATES OF AMERICA. WE SERVE THE COMMUNITY OF ACTIVE DUTY, RETIRED AND HONOARBLE DISCHARGED VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
1.8 MILLION TICKETS WERE DELIVERED TO ACTIVE DUTY, RETIRED AND HONORABLE DISCHARGED VETERANS.
19 WISHES WERE GRANTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd J Hogan III Director | OfficerTrustee | 40 | $191,720 |
Michael A Focareto Jr Secretary | Trustee | 0 | $0 |
Edward E Rausch Chairman & COO | OfficerTrustee | 40 | $189,860 |
Cynthia Creed Treasurer | OfficerTrustee | 40 | $35,867 |
Dwayne Somers Director | Trustee | 0 | $0 |
Chris Blindheim Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $66,117 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $915,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,759,105 |
| Noncash contributions included in lines 1a–1f | $63,415,632 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,741,122 |
| Total Program Service Revenue | $5,415,392 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,156,514 |
| 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. | $573,216 |
| Compensation of current officers, directors, key employees. | $191,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,183,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $161,731 |
| Advertising and promotion | $0 |
| Office expenses | $107,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,075 |
| Travel | $9,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,861 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,802 |
| Insurance | $112,647 |
| All other expenses | $18,491 |
| Total functional expenses | $66,879,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,341,787 |
| 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 | $65 |
| Net Land, buildings, and equipment | $121,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $3,473,043 |
| Accounts payable and accrued expenses | $58,515 |
| 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 | $58,515 |
| Net assets without donor restrictions | $3,414,528 |
| 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 | $3,473,043 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Veteran Tickets Foundation has recieved totaling $186,490.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53,797 |
Motorsports Charities Inc Daytona Beach, FL PURPOSE: PROGRAM SUPPORT | $41,000 |
Disabled American Veterans Charitable Service Trust Erlanger, KY PURPOSE: Rehabilitation/ Therapeutic | $40,000 |
Detroit Pistons Foundation Detroit, MI PURPOSE: TICKETS FOR VETS | $19,080 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $17,749 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veteran Tickets Foundation Tempe, AZ | $3,473,043 | $70,156,514 |
Swords To Plowshares Veterans Rights Organization San Francisco, CA | $13,731,803 | $35,297,923 |
Nations Finest Santa Rosa, CA | $6,187,944 | $28,671,006 |
Vietnam Veterans Of San Diego San Diego, CA | $48,971,024 | $19,292,555 |
D A V Industries Spring Valley, CA | $16,692,300 | $10,872,133 |
Amvets Department Of California Service Foundation Garden Grove, CA | $23,614,480 | $12,375,344 |
Blue Star Families Inc Encinitas, CA | $9,421,835 | $11,402,884 |
Veterans Transition Center Of Monterey County Marina, CA | $10,271,050 | $3,306,792 |
Uso - Greater Los Angeles Area Inc Dba Bob Hope Uso Long Beach, CA | $9,922,016 | $7,823,004 |
Sepulveda Research Corporation North Hills, CA | $0 | $358,377 |
American Legion Clovis, NM | $323,823 | $3,104,581 |
Support The Enlisted Project Inc San Diego, CA | $1,459,918 | $2,679,000 |