United States Submarine Veterans Inc
- Assets
- $2.7m
- Revenue
- $953.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Silverdale, WA
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 06-1007203
Organization Overview
United States Submarine Veterans Inc is located in Silverdale, WA. The organization was established in 1980. 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 12/2021, United States Submarine Veterans Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Submarine Veterans Inc 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 12/2021, United States Submarine Veterans Inc generated $953.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $894.5k during the year ending 12/2021. 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
USSVI IS A WAR VETERANS ORGANIZATION THAT IS A NATIONWIDE FRATERNAL MEMBERSHIP ORGANIZATION FOR ALL UNITED STATES SUBMARINE VETERANS, WHICH MAINTAINS OVER 70 SUBMARINE RELATED MEMORIALS AND MONUMENTS AND OVERSEES THE PRESERVATION AND RECORDING OF SUBMARINE HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBMARINE WAR VETERANS ORGANIZATION THAT IS A NATIONWIDE FRATERNAL MEMBERSHIP ORGANIZATION FOR ALL UNITED STATES SUBMARINE VETERANS THAT MAINTAINS OVER 70 SUBMARINE RELATED MEMORIALS AND MONUMENTS AND OVERSEES THE PRESERVATION AND RECORDING OF SUBMARINE HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Paul Wewers Nat'l Secretary | OfficerTrustee | 25 | $0 |
Steven D Bell Nat'l Jr V Cmdr | OfficerTrustee | 20 | $0 |
Paul Hiser Nat'l Treasurer | OfficerTrustee | 25 | $0 |
Wayne Standerfer National Cmdr | OfficerTrustee | 25 | $0 |
John Markiewicz Past Nat'l Cmdr | OfficerTrustee | 20 | $0 |
Jon D Jaques Natl Sr Vice Cm | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $283,796 |
| Fundraising events | $0 |
| Related organizations | $7,749 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,983 |
| Total Program Service Revenue | $126,621 |
| Investment income | -$16,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $172,389 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,444 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $953,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,920 |
| 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 | $24,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| 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 | $1,132 |
| Information technology | $24,715 |
| Royalties | $0 |
| Occupancy | $12,624 |
| Travel | $32,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,290 |
| All other expenses | $18,205 |
| Total functional expenses | $894,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,689,378 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,560 |
| Investments—publicly traded securities | $982,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,673,894 |
| Accounts payable and accrued expenses | $650 |
| 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 | $650 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,673,244 |
| 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 | $2,673,894 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United States Submarine Veterans Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Prairie Meadows Race Track & Casino Inc Altoona, IA PURPOSE: Submarine Veterans Memorial Highway | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Legion Lacey, WA | $2,218,551 | $1,767,008 |
Veterans Of Foreign Wars Of The United States Dept Of Washington Fife, WA | $2,208,423 | $1,076,426 |
Clark County Veterans Assistance Center Vancouver, WA | $366,662 | $1,091,448 |
United States Submarine Veterans Inc Silverdale, WA | $2,673,894 | $953,202 |
Operation Rebuild Hope North Bend, OR | $698,102 | $1,224,864 |
American Legion Anchorage, AK | $1,414,049 | $590,510 |
American Legion Vancouver, WA | $1,528,403 | $594,912 |
American Legion Anchorage, AK | $2,011,858 | $626,445 |
Wear Blue Run To Remember Tacoma, WA | $684,491 | $728,424 |
American Legion Wilsonville, OR | $1,974,526 | $663,993 |
American Legion Kodiak, AK | $959,936 | $449,683 |
American Legion Wasilla, AK | $193,423 | $496,772 |