Veterans Of Foreign Wars Department Of Kentucky
- Assets
- $334.9k
- Revenue
- $363.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Louisville, KY
- Founding
- 08/1958
- Data as of
- 06/2024
- EIN
- 61-0656254
Organization Overview
Veterans Of Foreign Wars Department Of Kentucky, operating under the name Post # 1181, is located in Louisville, 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. As of 06/2024, Post # 1181 employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Post # 1181 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 06/2024, Post # 1181 generated $363.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $281.7k during the year ending 06/2024. While expenses have increased by 20.1% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT AND PROMOTE FELLOWSHIP AMONGST VETERAN MEMBERS AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A PLACE FOR VETERANS AND THEIR FAMILIES TO MEET AND SOCIALIZE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schlisser 3 Yr Trustee | OfficerTrustee | 10 | $0 |
Samuel Greenwood 2 Yr Trustee | OfficerTrustee | 10 | $0 |
Ronald P Thompson 1 Yr Trustee | OfficerTrustee | 10 | $0 |
Stephen A Kanfield Commander | Officer | 20 | $0 |
Bettina C Sheehy Sr Vice Commander | Officer | 15 | $0 |
Patrick T Norris Jr Vice Commander | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,668 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,974 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,560 |
| Net Gain/Loss on Asset Sales | $300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $257,420 |
| Net Income from Sales of Inventory | $80,322 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,797 |
| Grants and other assistance to domestic individuals. | $5,630 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $11,424 |
| 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 | $103,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| 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 | $2,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,079 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $329 |
| Interest | $0 |
| Payments to affiliates | $2,206 |
| Depreciation, depletion, and amortization | $6,905 |
| Insurance | $14,299 |
| All other expenses | $62,310 |
| Total functional expenses | $281,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,175 |
| 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 | $1,765 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $144,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $334,914 |
| Accounts payable and accrued expenses | $861 |
| 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 | $3,346 |
| Total liabilities | $4,207 |
| 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 | $330,707 |
| Total liabilities and net assets/fund balances | $334,914 |