Veterans Home Association Of Tyrone
- Assets
- $186.1k
- Revenue
- $142.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Tyrone, PA
- Founding
- Data as of
- 12/2021
- EIN
- 23-1303521
Organization Overview
Veterans Home Association Of Tyrone is located in Tyrone, PA. As of 12/2021, Veterans Home Association Of Tyrone employed 10 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 12/2021, Veterans Home Association Of Tyrone generated $142.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $110.2k during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 2 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
2021
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 |
|---|---|---|---|
Holly Burket Bar Manager | Officer | 40 | $4,422 |
Judy M Carson Bar Manager | Officer | 40 | $3,264 |
Sherry Robinson Bar Manager | Officer | 40 | $3,128 |
James Ewing Board Member | Officer | 2 | $0 |
Paul Campbell Treasurer | Officer | 10 | $0 |
Michael Miller Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,335 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,335 |
| Total Program Service Revenue | $61,245 |
| Investment income | $575 |
| 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 | $79,027 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $35,631 |
| Compensation of current officers, directors, key employees. | $10,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $759 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $474 |
| Office expenses | $1,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,638 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,309 |
| Insurance | $891 |
| All other expenses | $3,018 |
| Total functional expenses | $110,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,020 |
| Savings and temporary cash investments | $82,110 |
| 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 | $186,130 |
| 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 | $186,130 |
| Total liabilities and net assets/fund balances | $186,130 |
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, PA PURPOSE: FINANCIAL ASSISTANCE TO MAINTAIN THEIR PURPOSE | $2,000 |
MEALS ON WHEELS PURPOSE: FINANCIAL ASSISTANCE TO PROVIDE MEALS FOR SHUT INS | $1,000 |
BALD EAGLE VOLUNTEER FIRE COMPANY PURPOSE: EQUIPMENT MAINTENANCE | $500 |
BLAZING ARROW HOOK AND LADDER FIRE COMPANY PURPOSE: EQUIPMENT MAINTENANCE | $500 |
NEPTUNE VOLUNTEER FIRE COMPANY PURPOSE: EQUIPMENT MAINTENANCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |