Amvets
- Assets
- $349.3k
- Revenue
- $171.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Three Rivers, MA
- Founding
- 02/1954
- Data as of
- 12/2023
- EIN
- 04-2060114
Organization Overview
Amvets is located in Three Rivers, MA. The organization was established in 1954. 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 12/2023, Amvets employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amvets 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 12/2023, Amvets generated $171.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $139.2k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY OF VETERANS INFORMATION, ACTIVITIES AND SERVICESTO OUR MEMBERS AND THE PUBLIC IN A PATRIOTIC AND ETHICAL WAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS SOCIAL CLUB-PROVIDES INFORMATION AND ACTIVITIES TO VETERANS,MEMORIAL AND VETERANS DAY PARADES, RECOGNITION OF VETERANS, MEMORIAL SERVICES FOR DECEASEDASSISTANCE TO DISABLED AND RETIRED VETERANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Arruda Adjutant | Officer | 0 | $0 |
John Corcoran Commander | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $935 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $935 |
| Total Program Service Revenue | $0 |
| Investment income | $3,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,790 |
| Net Gain/Loss on Asset Sales | -$1,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,497 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,240 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $3,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,871 |
| Interest | $126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,106 |
| Insurance | $15,531 |
| All other expenses | $0 |
| Total functional expenses | $139,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,702 |
| Savings and temporary cash investments | $275,932 |
| 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 | $6,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $349,263 |
| Accounts payable and accrued expenses | $7,133 |
| 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 | $2,822 |
| Other liabilities | $998 |
| Total liabilities | $10,953 |
| Net assets without donor restrictions | $338,310 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $349,263 |