Amvets
- Assets
- $104.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 06/1966
- Data as of
- 12/2022
- EIN
- 42-6059955
Organization Overview
Amvets is located in Clinton, IA. The organization was established in 1966. 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. Amvets 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 12/2022, Amvets generated $78.1k 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 (3.6%) each year. All expenses for the organization totaled $72.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2022
Describe the Organization's Program Activity:
Part 3
OPERATION OF CLUBROOMS FOR MEMBERS AND GUESTS PROVIDING ENTERTAINMENT AND MEAL FOR MILITARY VETERANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Winkle Trustee | 2 | $0 | |
Steve Bailey Commander | 2 | $0 | |
Robert Bigwood Post Finance Officer | 2 | $0 | |
Wynn Bowden Head Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,055 |
| Total Program Service Revenue | $3,024 |
| Membership dues | $9,191 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,909 |
| Other Revenue | $6,989 |
| Total Revenue | $78,129 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,367 |
| Professional fees and other payments to independent contractors | $1,880 |
| Occupancy, rent, utilities, and maintenance | $22,789 |
| Printing, publications, postage, and shipping | $3,517 |
| Other expenses | $27,816 |
| Total expenses | $72,869 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,147 |
| Other assets | $0 |
| Total assets | $104,536 |
| Total liabilities | $750 |
| Net assets or fund balances | $103,786 |