Veterans Care Network
- Assets
- $742.2k
- Revenue
- $592.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Hillard, OH
- Founding
- 03/2003
- Data as of
- 06/2023
- EIN
- 38-3649571
Organization Overview
Veterans Care Network is located in Hillard, OH. The organization was established in 2003. 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 06/2023, Veterans Care Network employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Care Network 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 06/2023, Veterans Care Network generated $592.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $614.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HELP VETERANS LIFT THEMSELVES AND THEIR FAMILIES OUT OF POVERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP VETERANS LIFT THEMSELVES AND THEIR FAMILIES OUT OF POVERTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Drucker Director | Trustee | 1 | $0 |
Summer Moses Director | Trustee | 1 | $0 |
Brian Borkowski President | OfficerTrustee | 1 | $0 |
Michael Cox Director | Trustee | 1 | $0 |
Renee Mitchell Vice President | OfficerTrustee | 1 | $0 |
Abel Hernandez Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,730 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $402,783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $592,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $29,462 |
| 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 | $321,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,929 |
| Payroll taxes | $4,783 |
| 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 | $4,226 |
| Office expenses | $58,664 |
| Information technology | $3,409 |
| Royalties | $0 |
| Occupancy | $169,711 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,632 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,115 |
| Insurance | $3,412 |
| All other expenses | $4,167 |
| Total functional expenses | $614,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $268,478 |
| Prepaid expenses and deferred charges | $76,830 |
| Net Land, buildings, and equipment | $27,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $742,166 |
| Accounts payable and accrued expenses | $48,283 |
| 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 | $62,072 |
| Total liabilities | $110,355 |
| Net assets without donor restrictions | $618,063 |
| Net assets with donor restrictions | $13,748 |
| 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 | $742,166 |