Veterans Of Foreign Wars Department Of Massachusetts
- Assets
- $105.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ipswich, MA
- Founding
- 06/1965
- Data as of
- 12/2022
- EIN
- 04-2139629
Organization Overview
Veterans Of Foreign Wars Department Of Massachusetts is located in Ipswich, MA. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Department Of Massachusetts 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 12/2022, Veterans Of Foreign Wars Department Of Massachusetts generated $97.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $115.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICES CONSIST OF OPERATION OF A LOUNGE & BARGAMES FOR MEMBERS. THE PROGRAM SERVICES PROMOTE THE SOCIAL WELFARE & PLEASURE OF THE MEMBERS & THE NET EARNINGS ARE DEVOTED TO CHARITABLE, EDUCATIONAL & RECREATIONAL PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Larochelle Director | 0.5 | $0 | |
George Gallant Treasurer/director | 1 | $0 | |
Frank Lindquist Director | 0.5 | $0 | |
Ted Lemieux President/director | 2 | $0 | |
Robert Farley Director | 0.5 | $0 | |
James Phipps Jr Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,421 |
| Total Program Service Revenue | $5,242 |
| Membership dues | $0 |
| Investment income | $392 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,058 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,641 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,778 |
| Printing, publications, postage, and shipping | $216 |
| Other expenses | $22,685 |
| Total expenses | $115,320 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,518 |
| Other assets | $0 |
| Total assets | $105,741 |
| Total liabilities | $7,633 |
| Net assets or fund balances | $98,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Veterans For Social Justice Inc Brooklyn, NY | $26,444,662 | $57,468,816 |
Massachusetts Military Support Foundation Inc Buzzards Bay, MA | $507,512 | $41,377,532 |
Soldier On Inc Pittsfield, MA | $26,254,508 | $13,386,266 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Coast Guard Foundation Inc Stonington, CT | $21,630,462 | $10,406,014 |
Usa Veteran And Military Support Foundation Inc Buzzards Bay, MA | $1,068 | $7,423,561 |
Veterans North East Outreach Center Inc Haverhill, MA | $8,243,940 | $5,723,835 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Army Aviation Association Of America Inc Monroe, CT | $11,637,681 | $3,912,077 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |
American Legion Troy, NY | $13,558,229 | $3,222,198 |