Amvets
- Assets
- $875.0k
- Revenue
- $322.1k
- Investments
- $0.0
- Employees
- 34
- Location
- Frederick, MD
- Founding
- 05/1945
- Data as of
- 12/2023
- EIN
- 52-0569519
Organization Overview
Amvets is located in Frederick, MD. The organization was established in 1945. 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 12/2023, Amvets employed 34 individuals. 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 12/2023, Amvets generated $322.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $475.3k during the year ending 12/2023. 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
TO REPRESENT AND PROVIDE VARIOUS SERVICES TO VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A HOME CLUB FACILITY AND A RECREATIONAL FACILITY FOR VETERANS AND THEIR FAMILIES IN FREDERICK COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Redmond Commander | OfficerTrustee | 5 | $0 |
Chris Whitehouse 1st Vice Commander | OfficerTrustee | 5 | $0 |
Marvin Gibson 2nd Vice Commander | OfficerTrustee | 5 | $0 |
Brad Geier 3rd Vice Commander | OfficerTrustee | 5 | $0 |
Carl Lenhart Judge Advocate | Trustee | 5 | $0 |
Paul Gouker Provost Marshall | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,203 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,331 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,534 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,856 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $264,524 |
| Net Income from Sales of Inventory | -$42,648 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,032 |
| Grants and other assistance to domestic individuals. | $1,588 |
| 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 | $269,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,978 |
| 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 | $4,350 |
| Advertising and promotion | $20,553 |
| Office expenses | $8,696 |
| Information technology | $5,011 |
| Royalties | $0 |
| Occupancy | $43,506 |
| 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 | $35,884 |
| Insurance | $13,484 |
| All other expenses | $0 |
| Total functional expenses | $475,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,139 |
| 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 | $2,220 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $330,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,985 |
| Accounts payable and accrued expenses | $28,897 |
| 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 | $91,783 |
| Total liabilities | $120,680 |
| 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 | $754,305 |
| Total liabilities and net assets/fund balances | $874,985 |