Veterans Of Foreign Wars Of The United States Dept Of Vermont
- Assets
- $975.7k
- Revenue
- $285.0k
- Investments
- $0.0
- Employees
- 21
- Location
- Bennington, VT
- Founding
- 09/1965
- Data as of
- 05/2024
- EIN
- 03-0270257
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Vermont is located in Bennington, VT. 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. As of 05/2024, Veterans Of Foreign Wars Of The United States Dept Of Vermont employed 21 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Of The United States Dept Of Vermont is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 05/2024, Veterans Of Foreign Wars Of The United States Dept Of Vermont generated $285.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $269.5k during the year ending 05/2024. While expenses have increased by 5.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMRADESHIP AND THE SOCIAL WELL-BEING OF VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN A FACILITY WHICH PROMOTES COMRADESHIP & THE SOCIAL WELL-BEING OF MEMBERS. THERE WERE OVER 300 POST MEMBERS DURING THE YEAR. SUPPORT IS ALSO PROVIDED TO NATIONAL AND STATE ORGANIZATIONS VIA DUES.
VARIOUS YOU ACTIVITIES WERE SUPPORTED AND SCHOLARSHIPS WERE GIVEN. DONATIONS WERE MADE TO THE SCHOOL FOOTBALL, SOCCER, SOFTBALL AND BASKETBALL TEAMS, SPECIAL OLYMPICS, SHRINERS HOSPITAL, MARCH OF DIMES AND VARIOUS LOCAL COMMUNITY SERVICES. THE POST ALSO PROVIDES FLOWERS TO VETERANS IN HOSPITALS AND/OR NURSING HOMES.
TRANSPORT VETERANS TO VA HOSPITALS IN WHITE RIVER JUNCTION, VERMONT AND ALBANY, NEW YORK. ALSO TRANSPORTED MEMBERS TO AND FROM THE CLUB WHEN THERE IS NO OTHER MEANS OF TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Myers Quartermaster | Officer | 20 | $21,000 |
Norman Leblanc Commander | Officer | 10 | $5,508 |
Roger Pratt Jr Vice Command | Trustee | 0 | $0 |
Reinolt Tofer Chaplain | Trustee | 0 | $0 |
Douglas Gerity Trustee | Trustee | 0 | $0 |
Thomas Stone Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,751 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,321 |
| Total Program Service Revenue | $0 |
| Investment income | $15,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $875 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $180,248 |
| Net Income from Sales of Inventory | $67,477 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,920 |
| 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. | $26,508 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14 |
| Office expenses | $10,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,413 |
| Travel | $4,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $988 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,106 |
| Insurance | $13,895 |
| All other expenses | $11,139 |
| Total functional expenses | $269,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,402 |
| Savings and temporary cash investments | $509,570 |
| 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 | $5,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $345,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $975,728 |
| Accounts payable and accrued expenses | $9,137 |
| 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 | $9,137 |
| Net assets without donor restrictions | $626,800 |
| Net assets with donor restrictions | $339,791 |
| 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 | $975,728 |