Vets Veterans Exploring Treatment Solutions Inc
- Assets
- $4.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Southlake, TX
- Founding
- Data as of
- 12/2021
- EIN
- 84-1956561
Organization Overview
Vets Veterans Exploring Treatment Solutions Inc is located in Southlake, TX. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Vets Veterans Exploring Treatment Solutions Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vets Veterans Exploring Treatment Solutions 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 12/2021, Vets Veterans Exploring Treatment Solutions Inc generated $5.2m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 140.7% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VETS PROVIDES RESOURCES, RESEARCH, AND ADVOCACY FOR U.S. MILITARY VETERANS SEEKING TREATMENT WITH PSYCHEDELIC-ASSISTED THERAPIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES GRANT FUNDING (RESOURCES) TO INDIVIDUAL VETERANS SEEKING PSYCHEDELIC-ASSISTED THERAPIES IN COUNTRIES WHERE THEY ARE LEGAL OR UNREGULATED, TRACKS OUTCOMES TO PUT INTO DEDICATED SCIENTIFIC RESEARCH, IN ORDER TO ADVOCATE FOR THE REMARKABLE EFFICACY OF THESE THERAPIES IN ORDER TO CHANGE THE LANDSCAPE OF VETERAN HEALTHCARE.
RESEARCH - PROVIDE FUNDING AND SUPPORT FOR RESEARCH INTO PSYCHEDELIC-ASSISTED THERAPIES. THIS INCLUDES FUNDING DIRECT RESEARCH COSTS, GRANTS FOR PARTICIPANTS, AND OTHER RELATED COSTS.
ADVOCACY - ENGAGEMENT AND SUPPORT OF LEGISLATION AT THE STATE AND FEDERAL LEVEL THAT WILL LEAD TO EXPANDED ACCESS TO PSYCHEDELIC-ASSISTED THERAPIES.
ALL OTHER - ANY OTHER ACTIVITIES THAT ARE RELATED TO THE VETS MISSION BUT NOT DIRECTLY COVERED UNDER THE THREE MAIN PROGRAM PILLARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Capone Co-Founder & Executive Dir | Officer | 70 | $120,000 |
Suzanne Vogel Secretary (until May 2021) | OfficerTrustee | 1 | $59,654 |
Sara Wilkinson Secretary | OfficerTrustee | 1 | $0 |
Marcus Capone Chairman | OfficerTrustee | 20 | $0 |
Jarred Taylor Treasurer | OfficerTrustee | 1 | $0 |
Nick Norris Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $498,959 |
| Related organizations | $0 |
| Government grants | $18,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,881,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,398,697 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$189,506 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,209,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,276 |
| Grants and other assistance to domestic individuals. | $429,768 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,769 |
| Fees for services: Accounting | $14,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,531 |
| Advertising and promotion | $34,485 |
| Office expenses | $5,539 |
| Information technology | $68,800 |
| Royalties | $0 |
| Occupancy | $1,859 |
| Travel | $84,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,324 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,029 |
| All other expenses | $0 |
| Total functional expenses | $1,129,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,505,919 |
| Accounts receivable, net | $409 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $4,509,912 |
| Accounts payable and accrued expenses | $38,515 |
| 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 | $38,515 |
| Net assets without donor restrictions | $997,278 |
| Net assets with donor restrictions | $3,474,119 |
| 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 | $4,509,912 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Vets Veterans Exploring Treatment Solutions Inc has recieved totaling $311,749.
| Awarding Organization | Amount |
|---|---|
Special Operation Care Fund Inc Atlanta, GA PURPOSE: PTS TREATMENT | $255,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $13,120 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: VETERANS AND MILITARY | $11,220 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $11,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,588 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,655 |
Endowment Analysis
| Net Contributions | $3,474,119 |
| Ending Balance | $3,474,119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transitional Learning Center At Galveston Galveston, TX | $63,180,066 | $37,548,460 |
Parkside Inc Tulsa, OK | $33,747,925 | $16,603,388 |
Counseling Associates Inc Russellville, AR | $5,031,575 | $14,798,360 |
Green Country Behavioral Health Services Inc Muskogee, OK | $13,061,282 | $18,246,200 |
Counseling & Recovery Services Of Oklahoma Inc Tulsa, OK | $8,723,033 | $14,687,106 |
Hopeworks Albuquerque, NM | $8,797,073 | $11,939,052 |
The Montrose Center Houston, TX | $14,449,407 | $11,191,975 |
Mental Health Resources Inc Clovis, NM | $7,730,060 | $7,142,560 |
Delta Counseling Associates Monticello, AR | $5,358,354 | $6,803,242 |
Southeast Arkansas Behavioral Healthcare System Inc Pine Bluff, AR | $7,042,314 | $5,181,526 |
The Arc Of San Antonio Inc San Antonio, TX | $4,921,190 | $3,938,315 |
Savila Collaborative Albuquerque, NM | $1,241,244 | $3,115,829 |