Veterans Of Foreign Wars Department Of Massachusetts
- Assets
- $63.1k
- Revenue
- $89.3k
- Investments
- $0.0
- Employees
- 3
- Location
- N Attleboro, MA
- Founding
- 08/1963
- Data as of
- 05/2023
- EIN
- 04-2294980
Organization Overview
Veterans Of Foreign Wars Department Of Massachusetts is located in N Attleboro, MA. The organization was established in 1963. 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 05/2023, Veterans Of Foreign Wars Department Of Massachusetts employed 3 individuals. 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 05/2023, Veterans Of Foreign Wars Department Of Massachusetts generated $89.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $88.7k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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
PROMOTING VETERANS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO COMMUNITY, VOLUNTEER HEALTH AND WELFARE ORGANIZATIONS AND GOVERNMENT ORGANIZATIONS THAT SUPPORT PROGRAMS FOR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Chapman Sr V Comm/ju | Officer | $0 | |
Joseph Costa Chaplain/tru | Officer | $0 | |
Michael Gedgaudas Jr Vice Comm | Officer | $0 | |
Bryan Harris Adjutant | Officer | $0 | |
John Martinsen Surgeon/trus | Officer | $0 | |
Erik Rivera Trustee | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,160 |
| Total Program Service Revenue | $190 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,486 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,297 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,578 |
| Advertising and promotion | $0 |
| Office expenses | $405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,948 |
| Travel | $0 |
| 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 | $5,274 |
| Insurance | $6,888 |
| All other expenses | $1,096 |
| Total functional expenses | $88,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,252 |
| Savings and temporary cash investments | $0 |
| 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 | $7,367 |
| Prepaid expenses and deferred charges | $233 |
| Net Land, buildings, and equipment | $49,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,144 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,736 |
| Other liabilities | $652 |
| Total liabilities | $14,388 |
| Net assets without donor restrictions | $48,756 |
| 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 | $63,144 |