Amvets
- Assets
- $283.0k
- Revenue
- $39.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Gloucester, MA
- Founding
- 06/1966
- Data as of
- 06/2021
- EIN
- 04-6125463
Organization Overview
Amvets is located in Gloucester, MA. The organization was established in 1966. 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 06/2021, Amvets employed 7 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 06/2021, Amvets generated $39.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $50.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING VETERANS AND COMMUNITY ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES; CONVENSTIONS AND MEETING EXPENSES
MEMBERS DUES/NATIONAL
OCCUPANCY EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Skinner Judge Advocate | OfficerTrustee | 0 | $0 |
Nick Pszenny Finance Officer | OfficerTrustee | 0 | $0 |
Gene Sutherland Adjutant | OfficerTrustee | 0 | $0 |
Gary Lane 3rd Vice Commander | OfficerTrustee | 0 | $0 |
Tim Hubbard 2nd Vice Commander | OfficerTrustee | 0 | $0 |
Victor M Anido III Commander | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,150 |
| Fundraising events | $17,280 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,272 |
| Total Program Service Revenue | $0 |
| Investment income | $102 |
| 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 | -$12,919 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900 |
| Grants and other assistance to domestic individuals. | $2,600 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,120 |
| 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 | $13,387 |
| Insurance | $1,031 |
| All other expenses | $0 |
| Total functional expenses | $50,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,005 |
| Savings and temporary cash investments | $91,456 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $143,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,001 |
| Accounts payable and accrued expenses | $3,435 |
| 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 | $3,435 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $279,566 |
| 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 | $283,001 |
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|---|---|---|
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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 |
United War Veterans Council Inc New York, NY | $437,790 | $1,827,572 |
Southeastern Massachusetts Veterans Housing Program Inc New Bedford, MA | $3,405,175 | $1,838,019 |
Montachusett Veterans Outreach Center Inc Gardner, MA | $4,722,377 | $1,521,264 |