Veterans Of Foreign Wars Department Of Arkansas is located in Benton, AR. The organization was established in 1965. 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. Veterans Of Foreign Wars Department Of Arkansas is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Veterans Of Foreign Wars Department Of Arkansas generated $82.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $87.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION AND SUPPORT OF THE UNITED STATES AND ASSIST CURRENT AND FORMER VETERANS TO IMPROVE THEIR QUALITY OF LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID TO INDIVIDUALS, PROVIDE SCHOLARSHIPS, SUPPORT YOUTH PROGRAMS IN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Davis Quartermaster | Officer | 20 | $0 |
Victor Kerr Adjutant Gener | Officer | 20 | $0 |
Kristi Guin Commander | Trustee | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,628 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $19,555 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $21,183 |
Total Program Service Revenue | $0 |
Investment income | $46 |
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 | $43,211 |
Net Income from Sales of Inventory | $17,727 |
Miscellaneous Revenue | $0 |
Total Revenue | $82,167 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $720 |
Office expenses | $10,795 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $54,593 |
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 | $5,903 |
Insurance | $13,161 |
All other expenses | $0 |
Total functional expenses | $87,172 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,388 |
Savings and temporary cash investments | $20,500 |
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 | $1,000 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $188,794 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $226,682 |
Accounts payable and accrued expenses | $33 |
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 | $33 |
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 | $226,649 |
Total liabilities and net assets/fund balances | $226,682 |
Organization Name | Assets | Revenue |
---|---|---|
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Louisiana National Guard Foundation New Orleans, LA | $5,835,401 | $6,505,889 |
Veterans Community Project Kansas City, MO | $14,262,405 | $11,060,934 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
Cov Inc Murfreesboro, TN | $390,398 | $2,770,188 |
Welcome Home Inc Columbia, MO | $4,815,089 | $2,743,236 |
Sons Of Confederate Veterans Inc Columbia, TN | $17,474,113 | $2,425,147 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |