Veterans Of Foreign Wars Of The United States Dept Of Connecticut
- Assets
- $268.9k
- Revenue
- $90.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, CT
- Founding
- 11/1962
- Data as of
- 06/2024
- EIN
- 06-0641906
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Connecticut, operating under the name States Dept Of Connecticut 7788 Vfw-Conn, is located in Milford, CT. The organization was established in 1962. 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. States Dept Of Connecticut 7788 Vfw-Conn 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 06/2024, States Dept Of Connecticut 7788 Vfw-Conn generated $90.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $73.6k during the year ending 06/2024. While expenses have increased by 5.8% 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 PROVIDE ASSISTANCE TO NEEDY MEMBERS, LONG TERM ILLNESSES AND DEATH BENEFITS TO SURVIVING SPOUSE/KIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEATH WELLNESS BENEFITS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Carlson Chaplin | Trustee | 1 | $0 |
Jim Hessberger Chairman Board Of Directors | Trustee | 1 | $0 |
Victor Bierner Chairman Canteen | Trustee | 1 | $0 |
Jay Murray Chairman Board Of Directors | Trustee | 1 | $0 |
Rob Fictner Chairman Bldg Grounds | Trustee | 1 | $0 |
Edward Doran Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $748 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,806 |
| Total Program Service Revenue | $0 |
| Investment income | $975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,185 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,062 |
| Net Income from Gaming Activities | $39,978 |
| Net Income from Sales of Inventory | $9,703 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,709 |
| 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 | $1,170 |
| 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 | $1,350 |
| Fees for services: Accounting | $0 |
| 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 | $2,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,359 |
| Insurance | $500 |
| All other expenses | $1,984 |
| Total functional expenses | $73,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,287 |
| Savings and temporary cash investments | $40,080 |
| 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 | $3,206 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $104,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,882 |
| Accounts payable and accrued expenses | $612 |
| 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 | $612 |
| Net assets without donor restrictions | $0 |
| 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 | $268,270 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $268,882 |