Vfw Post 7343 Canteen Inc
- Assets
- $30.6k
- Revenue
- $66.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Mt Holly Springs, PA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 23-2098600
Organization Overview
Vfw Post 7343 Canteen Inc is located in Mt Holly Springs, PA. The organization was established in 2011. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Vfw Post 7343 Canteen Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vfw Post 7343 Canteen Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Vfw Post 7343 Canteen Inc generated $66.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $64.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE USE OF THIS SOCIAL HALL, MEMBERS OF THE VFW ARE OFFERED AN OPPORTUNITY TO SOCIALIZE WITH OTHER MEMBERS
ORGANIZATION HELPS THE NEEDS OF MEMBERS AND THEI FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Cyr Secretary | Officer | 5 | $0 |
Robert Bear 1st Vice Pre | Officer | 5 | $0 |
Tom Rhinehart Trustee | Officer | 5 | $0 |
Dustin J Berger President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,630 |
| 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 | $5,630 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $25,607 |
| Net Income from Sales of Inventory | $35,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $490 |
| 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 | $22,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $768 |
| Insurance | $2,951 |
| All other expenses | $2,887 |
| Total functional expenses | $64,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,896 |
| Savings and temporary cash investments | $0 |
| 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 | $3,367 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,572 |
| 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 | $27,531 |
| Other liabilities | $530 |
| Total liabilities | $28,061 |
| 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 | $2,511 |
| Total liabilities and net assets/fund balances | $30,572 |
Grants Awarded
Over the last fiscal year, Vfw Post 7343 Canteen Inc has awarded $18,595 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mt Holly Spgs, PA | | $10,470 |
AMERICAN LEGION POST 674 | | | $8,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vfw Post 7343 Canteen Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
American Legion Mt Holly Springs, PA PURPOSE: COMMUNITY SERVICE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Cedar Hill Golf & Country Club Inc Livingston, NJ | $9,265,709 | $8,374,790 |
Lake Mohawk Country Club Sparta, NJ | $6,081,837 | $9,550,355 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
White Beeches Golf And Country Club Haworth, NJ | $11,179,728 | $9,547,172 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |