National Veterans Foundation Inc
- Assets
- $2.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Los Angeles, CA
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 95-3994750
Organization Overview
National Veterans Foundation Inc is located in Los Angeles, CA. The organization was established in 1988. 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 12/2021, National Veterans Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Veterans Foundation 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, National Veterans Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 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
TO SERVE THE CRISIS MANAGEMENT, INFORMATION AND REFERRAL NEEDS OF AMERICA'S VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND OPERATION OF THE NATIONS FIRST TOLL-FREE HELPLINE FOR VETERANS AND THEIR FAMILIES.
OUTREACH SERVICE THAT PROVIDE VETERANS AND THEIR FAMILIES IN NEED WITH FOOD, CLOTHING, TRANSPORTATION, EMPLOYMENT, AND OTHER ESSENTIAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shad Meshad President | Officer | 55 | $105 |
Jeff Morris Chairman | OfficerTrustee | 5 | $0 |
Kevin Ruelas Treasurer | OfficerTrustee | 5 | $0 |
Dave Culmer Director | Trustee | 5 | $0 |
Rick Seaman Secretary | Trustee | 5 | $0 |
Kristine Stanley Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,522,853 |
| Noncash contributions included in lines 1a–1f | $592,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,612,603 |
| Total Program Service Revenue | $0 |
| Investment income | $179,501 |
| 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 | $1,792,104 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $15,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,207 |
| Payroll taxes | $35,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,336 |
| Fees for services: Other | $20,750 |
| Advertising and promotion | $45,707 |
| Office expenses | $43,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,791 |
| Travel | $884 |
| 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 | $7,023 |
| Insurance | $15,161 |
| All other expenses | $8,328 |
| Total functional expenses | $1,335,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,294 |
| 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 | $39,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,020,297 |
| Total assets | $2,377,687 |
| Accounts payable and accrued expenses | $7,610 |
| 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 | $14,566 |
| Total liabilities | $22,176 |
| Net assets without donor restrictions | $1,443,208 |
| Net assets with donor restrictions | $912,303 |
| 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 | $2,377,687 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Veterans Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Clifford And Lavonne Graese Foundation Jacksonville, FL PURPOSE: CHARITABLE | $15,000 |
Stella S Jones Foundation Newtown Square, PA PURPOSE: ENTITY SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $1,022,086 |
| Earnings | $155,341 |
| Admin Expense | $17,336 |
| Other Expense | $247,788 |
| Ending Balance | $912,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vietnam Veterans Of San Diego San Diego, CA | $48,971,024 | $19,292,555 |
D A V Industries Spring Valley, CA | $16,692,300 | $10,872,133 |
Amvets Department Of California Service Foundation Garden Grove, CA | $23,614,480 | $12,375,344 |
Blue Star Families Inc Encinitas, CA | $9,421,835 | $11,402,884 |
Veterans Transition Center Of Monterey County Marina, CA | $10,271,050 | $3,306,792 |
Uso - Greater Los Angeles Area Inc Dba Bob Hope Uso Long Beach, CA | $9,922,016 | $7,823,004 |
Sepulveda Research Corporation North Hills, CA | $0 | $358,377 |
Support The Enlisted Project Inc San Diego, CA | $1,459,918 | $2,679,000 |
For The Troops Simi Valley, CA | $784,854 | $2,236,492 |
American Legion Los Angeles, CA | $8,304,662 | $2,700,970 |
Amvets Tulare, CA | $33,154 | -$424,708 |
American Legion Newport Beach, CA | $3,019,417 | $1,919,300 |