Veterans Education Training & Support Inc
- Assets
- $497.5k
- Revenue
- $754.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Gaylord, MI
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-1997192
Organization Overview
Veterans Education Training & Support Inc, operating under the name Vets Inc, is located in Gaylord, MI. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Vets Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vets Inc 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 12/2022, Vets Inc generated $754.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $754.2k during the year ending 12/2022. While expenses have increased by 29.2% per year over the past 6 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
VETERAN AND COMMUNITY ASSISTANCE AND INTEGRATION THROUGH JOB TRAINING. VETS INC THROUGH ITS COMMUNITY RECREATION CENTER "THE LANDING ZONE" PROVIDES A PLACE FOR VETERANS TO WORK OR GATHER WITH OTHERS FOR SUPPORT AND UNDERSTANDING WITH THE PURPOSE OF HELPING REINTEGRATION WITH THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USE OF THE LAND ZONE FACILITIES FOR VETERANS SUPPORT 6% OF THE FACILITY SPACE IS MAINTAINED EXCLUSIVELY FOR A VFW MANAGED MEETING ROOM FOR VETERANS AND VETERANS ORGANIZATIONS. IN ADDITION VETS INC PROVIDES VETERAN MENTORSHIP AND SUPPORT SERVICES WHICH INCLUDE FUNCTIONS SUCH AS: VETERAN PEER TO PEER MENTORING CHRISTMAS EVE DINNER FREE RECREATIONAL ACTIVITIES FOR AT RISK VETERANS THROUGHOUT THE YEAR. WE PROVIDE GRANTS TO VETERANS IN NEED. THE GRANTS WERE ESPECIALLY HELPFUL DUE TO A TORNADO WHICH HIT THE CITY OF GAYLORD. WE WERE ALSO ABLE TO PROVIDE A GRANT TO THE LOCAL VFW WHICH ENABLED THE VFW TO PROVIDE FIRST RUN MOVIES FREE OF CHARGE AT THE VFW OUTDOOR PAVILION FOR THE COMMUNITY
USE OF THE LANDING ZONE FACILITIES FOR EDUCATION AND TRAINING THE LANDING ZONE RECREATION FACILITY INCLUDES A 24 LANE BOWLING CENTER A RESTAURANT AN ARCADE AND OUTDOOR RECREATION INCLUDING A PAVILION HORSESHOE PITS 2 SAND VOLLEYBALL COURTS AND CORN HOLE. THESE FACILITIES ARE USED SOLELY FOR THE PURPOSE OF PROVIDING JOB SKILLS TO VETERANS AND THEIR IMMEDIATE FAMILIES AND INDIVIDUALS WITH THE COMMUNITY WHO ARE IN NEED. VETS INC PROVIDES MENTORING AND PEOPLE SKILLS TRAINING TO VETERANS TO ASSIST IN THE TRANSITION BACK INTO THE COMMUNITY. VETS INC PROVIDED EMPLOYMENT TO 3 VETERANS AND A FAMILY MEMBER OF A VETERAN AND 3 MEMBERS OF THE COMMUNITY. THE EMPLOYMENT STRATEGY IS TO ASSIST THE VETERANS IN WORKING WITH AND PROVIDING SERVICES TO THE COMMUNITY TO PROMOTE BETTER UNDERSTANDING OF THE ISSUES OF THE VETERANS AND NON- VETERANS WITHIN THE COMMUNITY. THE TRAINING RECEIVED BY THE VETERANS INVOLVES MAINTENANCE CUSTOMER SERVICE AND INTER-ACTION WITH CUSTOMERS INVOLVING FOOD SERVICES FITNESS AND RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Sharkey VP Executive Director | Officer | 80 | $60,000 |
Ronald Lebourdais President | Officer | 25 | $0 |
Stephen Ralston Treasurer | Officer | 10 | $0 |
Richard Edmonds Legal Counsel Secretary | Officer | 10 | $0 |
Kenneth Crawford Director | Trustee | 10 | $0 |
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 | $76,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,283 |
| Total Program Service Revenue | $663,300 |
| Investment income | $158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $411 |
| Net Rental Income | $1 |
| Net Gain/Loss on Asset Sales | $4,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,108 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,454 |
| Grants and other assistance to domestic individuals. | $121,013 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,297 |
| Fees for services: Management | $11,359 |
| 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 | $662 |
| Advertising and promotion | $17,574 |
| Office expenses | $4,183 |
| Information technology | $2,502 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $707 |
| Interest | $12,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,600 |
| Insurance | $11,194 |
| All other expenses | $0 |
| Total functional expenses | $754,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237 |
| 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 | $143,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $0 |
| Total assets | $497,535 |
| 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 | $365,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $365,324 |
| Net assets without donor restrictions | $68,711 |
| Net assets with donor restrictions | $63,500 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $497,535 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Education Training & Support Inc has recieved totaling $38.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
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