Amvets
- Assets
- $512.9k
- Revenue
- $430.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Fairfield, PA
- Founding
- 05/1945
- Data as of
- 03/2023
- EIN
- 23-1495559
Organization Overview
Amvets is located in Fairfield, PA. The organization was established in 1945. 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 03/2023, Amvets employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amvets 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 03/2023, Amvets generated $430.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $428.9k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A VETERANS ORGANIZATION FOR PAST AND PRESENT MEMBERS OF THE ARMED FORCES, AS WELL AS SOME NON-MILITARY MEMBERS. THE ORGANIZATION PROVIDES AN EATING, DRINKING AND SOCIAL FACILITY FOR ITS MEMBERS AS WELL AS SUPPORTING VARIOUS LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS LOCAL CHARITIES, PROVIDES DEATH BENEFITS TO POST MEMBER FAMILIES AND HAS A SCHOLARSHIP FUND IN ADDITION TO PROVIDING SOCIAL ACTIVITIES TO ITS MEMBERS.
THE ORGANIZATION PAYS A $350 DEATH BENEFIT PER POST MEMBER TO THE POST MEMBER FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Moritz Treasurer | OfficerTrustee | 3 | $1,200 |
Richard L Terry Commander | OfficerTrustee | 1 | $0 |
Carl Wetzel Secretary | OfficerTrustee | 3 | $0 |
Will Moser Trustee | Trustee | 1 | $0 |
Kenneth E Wolford Vice-President | Trustee | 1 | $1,200 |
Mark George Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,516 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,591 |
| Total Program Service Revenue | $0 |
| Investment income | $221 |
| 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 | $181,539 |
| Net Income from Sales of Inventory | $169,109 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,715 |
| Grants and other assistance to domestic individuals. | $6,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $15,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,400 |
| Other salaries and wages | $176,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $175 |
| Office expenses | $4,697 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,787 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,306 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $428,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,394 |
| Savings and temporary cash investments | $152,028 |
| 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 | $11,020 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $189,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,935 |
| Accounts payable and accrued expenses | $9,163 |
| 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 | $9,163 |
| 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 | $503,772 |
| Total liabilities and net assets/fund balances | $512,935 |
Grants Awarded
Over the last fiscal year, Amvets has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SONS OF AMVETS POST 172 PURPOSE: Donation | $0 |
AMVETS POST #172 LADIES AUXILIARY PURPOSE: Donation | $0 |