Shannock Valley Memorial Vfw Post 6555 Home Association
- Assets
- $321.1k
- Revenue
- $246.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Sagamore, PA
- Founding
- 11/2012
- Data as of
- 06/2023
- EIN
- 27-0850013
Organization Overview
Shannock Valley Memorial Vfw Post 6555 Home Association is located in Sagamore, PA. The organization was established in 2012. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Shannock Valley Memorial Vfw Post 6555 Home Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shannock Valley Memorial Vfw Post 6555 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 06/2023, Shannock Valley Memorial Vfw Post 6555 Home Association generated $246.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $300.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION FOR VETERANS AND GUESTS. THE VFW WAS ORGANIZED TO HELP VETERANS OF FOREIGN WARS AND IT PARTICIPATES IN MANY COMMUNITYPROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL DONATIONS TO SERVE THE NEEDS OF VETERANS AND THEIR FAMILIES AND COMMUNITY CHARITABLE DONATIONS. MEMBERS HELP VETERANS AND THEIR FAMILY THAT HAVE SPECIAL NEEDS SUCH AS ASSISTANCE WITH UTILITY BILLS, MEDICAL BILLS, FOOD, CLOTHING, FUNERAL EXPENSES AND TRANSPORTATION. ALSO PROVIDE SUPPORT TO LOCAL CHARITABLE ORGANIZATIONS AND SERVICE GROUPS.
TO SPONSOR OR PARTICIPATE IN ACTIVITIES OF PATRIOTIC NATURE. MEMBERS MARCH IN PARADES, COLOR GUARD ON PATRIOTIC HOLIDAYS, PROMOTE PATRIOTISM IN SCHOOLS AND AN ANNUAL VETERANS DAY DINNER. OFFER SCHOLARSHIP ESSAY CONTESTS ANNUALLY AND WINNING STUDENTS RECEIVE MONATARY PRIZES.
TO PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS AND FAMILY WHO ARE CURRENT OR FORMER MEMBERS OF ARMED SERVICES. A FACILITY IS PROVIDED AS A MEETING PLACE FOR VETERANS AND THEIR FAMILIES WITH A BAR AREA, DINING ROOM AND GAME AREA. GAMING IS AVILABLE AT BAR FOR MEMBERS AND FAMILY ONLY. DINING FACILITY IS ALSO AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Fisher Quartermaster | Trustee | 4 | $0 |
Calvin Troup Social President | Trustee | 4 | $0 |
Allison Fisher Auxiliary President | Trustee | 4 | $0 |
Robert Kobak Social Member | Trustee | 4 | $0 |
Kennith Hilliard Commander | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,090 |
| 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 | $9,090 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,269 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $119,583 |
| Net Income from Sales of Inventory | $109,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,824 |
| Grants and other assistance to domestic individuals. | $52,191 |
| 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 | $119,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| 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 | $1,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,358 |
| 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 | $10,386 |
| Insurance | $5,147 |
| All other expenses | $14,779 |
| Total functional expenses | $300,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,959 |
| 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 | $11,576 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $69,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,067 |
| Accounts payable and accrued expenses | $6,500 |
| 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 | $6,500 |
| Net assets without donor restrictions | $314,567 |
| 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 | $321,067 |