Veterans Future Foundation
- Assets
- $710.7k
- Revenue
- $835.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Bentonville, AR
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-1433446
Organization Overview
Veterans Future Foundation is located in Bentonville, AR. The organization was established in 2018. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Veterans Future Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Future Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Veterans Future Foundation generated $835.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.7m 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
EMPOWERING MILITARY VETERANS FOR A SEAMLESS TRANSITION AND THRIVING POST-SERVICE JOURNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO ACTIVE-DUTY MILITARY AND VETERANS WHO SEEK TO TRANSITION FROM SERVICE INTO A CAREER IN THE HEALTH AND WELLNESS INDUSTRY. PROVIDING GRADUATE SUPPORT TO THE ACTIVE DUTY MILIATRY AND VETERANS STUDENTS WHO ACCEPT A SCHOLARSHIP AND COMPLETE ONE OF THE PROGRAMS. CONNECTING ACTIVE DUTY MILITARY AND VETERANS WITH OUTDOOR RECREATION TO REDISCOVER FITNESS AND COMMUNITY POST-TRANSITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Hesse Chairman | OfficerTrustee | 5 | $0 |
Matthew Delzell Executive Director | Trustee | 1 | $0 |
Todd Watson Executive Director | Trustee | 1 | $0 |
Jacob Arnold Executive Director | Trustee | 40 | $70,836 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,227 |
| Total Program Service Revenue | $0 |
| Investment income | $70,457 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $835,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,808,500 |
| 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 | $70,836 |
| Other salaries and wages | $94,540 |
| Pension plan accruals and contributions | $2,546 |
| Other employee benefits | -$8,752 |
| Payroll taxes | $17,663 |
| Fees for services: Management | $1,367 |
| Fees for services: Legal | $2,010 |
| Fees for services: Accounting | $11,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,039 |
| Office expenses | $2,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | -$26,684 |
| Travel | $4,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $650 |
| Insurance | -$2,558 |
| All other expenses | -$338,149 |
| Total functional expenses | $1,707,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,346 |
| Savings and temporary cash investments | $492 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $195,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,933 |
| Other assets | $489,204 |
| Total assets | $710,749 |
| Accounts payable and accrued expenses | $1,076,393 |
| 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 | $283,049 |
| Total liabilities | $1,359,442 |
| 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 | -$648,693 |
| Total liabilities and net assets/fund balances | $710,749 |