Veterans Support Foundation
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Detroit, MI
- Founding
- 03/1996
- Data as of
- 09/2021
- EIN
- 13-3648561
Organization Overview
Veterans Support Foundation is located in Detroit, MI. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 09/2021, Veterans Support Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Support Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Veterans Support Foundation generated $1.5m 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 (16.6%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (19.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Veterans Support Foundation has awarded 125 individual grants totaling $3,365,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ITS DUAL FUNCTIONS ARE PROVIDING FUNDS TO NONPROFIT ORGANIZATIONS THAT SUPPORT VETERAN-RELATED PROJECTS THROUGHOUT THE U.S.AND TO ASSIST AND PROVIDE TRANSITIONAL AND PERMANENT HOUSING FOR HOMELESS AND AT-RISK VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS AND OPERATES FOUR RESIDENTIAL PROPERTIES LOCATED IN CONNECTICUT. THREE COMPRISE THE FOUNDATIONS'S TRANSITIONAL HOUSING PROGRAM, WHICH PROVIDES UP TO TWENTY-FOUR HOMELESS VETERANS THE OPPORTUNITY TO LIVE IN A SECURE, SUPPORTED ENVIRONMENT WHILE EACH WORKS ON HIS RECOVERY. ONE RESIDENCE PROVIDES PERMANENT HOUSING TO SIX VETERANS. THE VETERANS REMAIN IN ACTIVE TREATMENT WITH THE U.S. DEPARTMENT OF VETERANS AFFAIRS (VA) WHILE THEY RESIDE IN THE HOUSES.
THE FOUNDATION PROVIDES FUNDING IN THE FORM OF GRANTS FOR VETERAN-RELATED PROJECTS THROUGHOUT THE U.S., AND GIVES PRIORITY TO MATCHING FUND PROJECTS. FUNDING IS USED SOLELY FOR SCIENTIFIC, CHARITABLE, AND EDUCATIONAL PURPOSES AND ARE SCHEDULED FOR A ONE-YEAR PERIOD.
THE FOUNDATION OWNS AND OPERATES FOUR RESIDENTIAL PROPERTIES LOCATED IN CONNECTICUT. THREE COMPRISE THE FOUNDATIONS'S TRANSITIONAL HOUSING PROGRAM, WHICH PROVIDES UP TO TWENTY-FOUR HOMELESS VETERANS THE OPPORTUNITY TO LIVE IN A SECURE, SUPPORTED ENVIRONMENT WHILE EACH WORKS ON HIS RECOVERY. ONE RESIDENCE PROVIDES PERMANENT HOUSING TO SIX VETERANS. THE VETERANS REMAIN IN ACTIVE TREATMENT WITH THE U.S. DEPARTMENT OF VETERANS AFFAIRS (VA) WHILE THEY RESIDE IN THE HOUSES.
THE FOUNDATION PROVIDES FUNDING IN THE FORM OF GRANTS FOR VETERAN-RELATED PROJECTS THROUGHOUT THE U.S., AND GIVES PRIORITY TO MATCHING FUND PROJECTS. FUNDING IS USED SOLELY FOR SCIENTIFIC, CHARITABLE, AND EDUCATIONAL PURPOSES AND ARE SCHEDULED FOR A ONE-YEAR PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Keen Vice-Preside | Officer | 1 | $6,000 |
Alan Cook Treasurer | Officer | 5 | $1,500 |
Keith King President | Officer | 8 | $1,500 |
Marseille Allen Director | Officer | 1 | $0 |
Laura Allen Director | Officer | 1 | $0 |
Gary Saner Director | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Group Consultants Fundraising | 9/29/20 | $102,484 |
Midwest Publishing Fundraising | 9/29/20 | $591,584 |
Directele Inc Fundraising | 9/29/20 | $141,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,706 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,675 |
| Total Program Service Revenue | $33,689 |
| Investment income | $40,410 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,506,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,521 |
| 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 | $153,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,407 |
| Fees for services: Accounting | $20,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $682,648 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,513 |
| Advertising and promotion | $0 |
| Office expenses | $7,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,035 |
| Travel | $10,837 |
| 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 | $53,684 |
| Insurance | $34,006 |
| All other expenses | $7,115 |
| Total functional expenses | $1,135,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,562 |
| Accounts receivable, net | $20,981 |
| 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 | $42,679 |
| Net Land, buildings, and equipment | $365,834 |
| Investments—publicly traded securities | $1,034,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,946,866 |
| Accounts payable and accrued expenses | $33,091 |
| 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 | $33,091 |
| Net assets without donor restrictions | $1,765,255 |
| Net assets with donor restrictions | $148,520 |
| 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 | $1,946,866 |
Grants Awarded
Over the last fiscal year, Veterans Support Foundation has awarded $44,584 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Silver Spring, MD PURPOSE: OPERATIONAL SUPPORT | $16,667 |
Silver Spring, MD PURPOSE: OPERATIONAL SUPPORT | $16,667 |
Butler, PA PURPOSE: OPERATIONAL SUPPORT | $5,625 |
Butler, PA PURPOSE: OPERATIONAL SUPPORT | $5,625 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Veterans Support Foundation has recieved totaling $573.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Endowment Analysis
| Beg. Balance | $40,230 |
| Net Contributions | $419,939 |
| Other Expense | $53,411 |
| Ending Balance | $406,758 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
D A Blodgett-St Johns Grand Rapids, MI | $32,947,785 | $18,508,103 |
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Mareda Inc Toledo, OH | $0 | $769,242 |
Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
North Oakland Residential Services Inc Oxford, MI | $2,525,841 | $6,535,346 |
Greater Cleveland Sports Commission Cleveland, OH | $9,405,346 | $6,945,850 |
American Society For Clinical Investigation Inc Ann Arbor, MI | $15,941,863 | $6,053,976 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |