Veterans Of Foreign Wars Of The United States Dept Of New Jersey
- Assets
- $70.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colonia, NJ
- Founding
- 12/1954
- Data as of
- 12/2023
- EIN
- 22-6063547
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of New Jersey, operating under the name Vfw Colonia Memorial Post 6061, is located in Colonia, NJ. The organization was established in 1954. 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. Vfw Colonia Memorial Post 6061 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 12/2023, Vfw Colonia Memorial Post 6061 generated $58.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $58.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS FUNCTIONS EVENTS AND ACTIVITIES FOR VETERANS PROGRAMS AND EVENTS FOR THE COMMUNITY ALONG WITH COMMUNITY SERVICES AND SUPPORT
Describe the Organization's Program Activity:
Part 3
CHARITABLE PROGRAMS & EVENTS; COMMUNITY SUPPORT & SERVICE TO INCLUDE, BUT NOT LIMITED TO, GIFTS & DONATIONS TO VARIOUS VETERANS; NON-PROFIT ORGANIZATIONS; INDIVIDUAL ENTITIES PROMOTING CHARITY & COMMUNITY SERVICE; SUPPORT OF YOUTH & SENIOR/VETERAN PROGRAMS EVENTS AND FUNCTIONS.
FUNCTIONS PROMOTING AMERICANISM & PATRIOTISM. FUNCTIONS, PROGRAMS ACTIVITIES AND EVENTS FOR SOLDIERS & SAILORS OF THE U.S., VETERANS AND THEIR FAMILY MEMBERS. PARTICIPATION IN VARIOUS VETERAN PROGRAMS, EVENTS AND ACTIVITIES. INVOLVEMENT IN COMMUNITY SERVICE & SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lullo Commander | 10 | $0 | |
Paul Murphy Quarter Master | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,627 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,512 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,686 |
| Other Revenue | $30,841 |
| Total Revenue | $58,666 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,200 |
| Total expenses | $58,410 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,007 |
| Other assets | $0 |
| Total assets | $70,433 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,433 |