Veterans Home Association Of Tyrone
- Assets
- $157.4k
- Revenue
- $143.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Tyrone, PA
- Founding
- Data as of
- 12/2022
- EIN
- 23-1303521
Organization Overview
Veterans Home Association Of Tyrone is located in Tyrone, PA. As of 12/2022, Veterans Home Association Of Tyrone employed 13 individuals. Veterans Home Association Of Tyrone 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 12/2022, Veterans Home Association Of Tyrone generated $143.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $172.4k during the year ending 12/2022. While expenses have increased by 23.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL EVENTS AND INTERACTION FOR THE BENEFIT OF MEMBERS. MEMBERSHIP IS AVAILABLE TO VETERANS OF THE US ARMED FORCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL EVENTS AND INTERACTION FOR THE BENEFIT OF VETERANS OF FOREIGN WARS. PROVIDE A GATHERING PLACE FOR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Campbell Treasurer | Officer | 10 | $0 |
James Ewing Board Member | Officer | 2 | $0 |
Judy M Carson Bar Manager | Officer | 20 | $5,235 |
Michael Miller President | Officer | 10 | $0 |
Holly Burket Bar Manager | Officer | 40 | $1,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,080 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,952 |
| Total Program Service Revenue | $55,461 |
| Investment income | $236 |
| 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 | $74,971 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,000 |
| 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. | $51,583 |
| Compensation of current officers, directors, key employees. | $6,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $736 |
| Fees for services: Accounting | $4,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $226 |
| Office expenses | $447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,784 |
| 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 | $21,568 |
| Insurance | $102 |
| All other expenses | $1,908 |
| Total functional expenses | $172,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,957 |
| Savings and temporary cash investments | $67,439 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,396 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $157,396 |
| Total liabilities and net assets/fund balances | $157,396 |
Grants Awarded
Over the last fiscal year, Veterans Home Association Of Tyrone has awarded $14,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VFW POST 4559 PURPOSE: MAINTAIN FACILITY | $10,000 |
TYRONE AREA FOOD BANK PURPOSE: FINANCIAL ASSISTANCE TO MAINTAIN THEIR PURPOSE | $2,000 |
MEALS ON WHEELS PURPOSE: FINANCIAL ASSISTANCE TO PROVIDE MEALS FOR SHUT INS | $1,000 |
NEPTUNE VOLUNTEER FIRE COMPANY PURPOSE: EQUIPMENT MAINTENANCE | $500 |
BLAZING ARROW HOOK AND LADDER FIRE COMPANY PURPOSE: EQUIPMENT MAINTENANCE | $500 |
BALD EAGLE VOLUNTEER FIRE COMPANY PURPOSE: EQUIPMENT MAINTENANCE | $500 |