Veterans Of Foreign Wars Dept Of Kentucky
- Assets
- $211.3k
- Revenue
- $319.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Hazard, KY
- Founding
- 09/1958
- Data as of
- 12/2022
- EIN
- 61-0412514
Organization Overview
Veterans Of Foreign Wars Dept Of Kentucky, operating under the name Oliver Hazard Perry VFW Post 7387, is located in Hazard, KY. The organization was established in 1958. 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. Oliver Hazard Perry VFW Post 7387 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, Oliver Hazard Perry VFW Post 7387 generated $319.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $279.3k during the year ending 12/2022. While expenses have increased by 27.6% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR OUR COMMUNITY ORGANIZATIONS AND ASSIST VETERANS AND THEIR FAMAILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHT A CHILD'S CHRISTMAS SERVING CHILDREN AGES 0-12 YEARS OF AGE. EACH CHILD RECEIVES A NEW TOY, TREAT BAG, BOOK, USED GIFT AND A VISIT WITH SANTA.
SPONSOR NEWSPAPERS, BINGO, AND BIRTHDAY PARTIES AT EASTERN KENTUCKY VETERANS CENTER. HOST VETERANS DAY PROGRAMS AND PROVIDE MEALS TO THE COMMUNITY MEMBERS IN ATTENDANCE AND HELP WITH FUNERAL EXPENSES FOR VFW MEMBERS AND THEIR FAMILIES.
VFW POST SPONSORS VOICE OF DEMOCRACY GRADES 9-12 AND PATRIOT'S PEN GRANDS 6-8 SCHOLARSHIP PROGRAM. HOST DINNER FOR THE WINNERS AND THEIR FAMILIES, PROVIDER CASH AWARDS AND CERTIFICATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Thompson Quartermaster | Officer | 30 | $9,600 |
Elmer Melton Trustee | Trustee | 5 | $0 |
Jeffery Banks Trustee | Trustee | 5 | $0 |
Charles Hendrickson Trustee | Trustee | 5 | $0 |
Jerry Shanks Commander | Officer | 30 | $0 |
Stephen Davidson Junior Vice Commander | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $459 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,459 |
| Total Program Service Revenue | $68,526 |
| Investment income | $100 |
| 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 | $220,027 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,112 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $465 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,686 |
| All other expenses | $0 |
| Total functional expenses | $279,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,822 |
| Savings and temporary cash investments | $22,272 |
| 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 | $2,253 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $65,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,347 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $144,094 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $67,253 |
| Total liabilities and net assets/fund balances | $211,347 |