Vets4success Inc
- Assets
- $39.9k
- Revenue
- $67.2k
- Investments
- $0.0
- Employees
- 18
- Location
- Boise, ID
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-0357891
Organization Overview
Vets4success Inc is located in Boise, ID. The organization was established in 2010. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, Vets4success Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vets4success Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Vets4success Inc generated $67.2k 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 (23.1%) each year. All expenses for the organization totaled $131.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) 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
TO PROVIDE EMPLOYMENT OPPORTUNITIES AND SUPPORT TO MILITARY VETERANS AND THEIR FAMILIES VIA PROCEEDS FROM THE VETS 4 SUCCESS THRIFT STORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THRIFT STORE SELLING CLOTHING AND OTHER NON-CASH GOODS DONATED BY THE PUBLIC TO FUND EMPLOYMENT TRAINING, CARE PACKAGES, AND SPECIAL AID TO VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Wilson Director | OfficerTrustee | 1 | $12,917 |
Stephanie Brisbin Director | OfficerTrustee | 1 | $11,060 |
Glenn O'dell President | OfficerTrustee | 1 | $0 |
Thomas Butler President | OfficerTrustee | 1 | $0 |
Brydon Nau Secretary | Trustee | 1 | $0 |
Bill Stradley Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,164 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $139 |
| Office expenses | $4,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,734 |
| 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 | $0 |
| Insurance | $2,776 |
| All other expenses | $0 |
| Total functional expenses | $131,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,861 |
| 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 | $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 | $39,861 |
| Accounts payable and accrued expenses | $3,077 |
| 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 | $10,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,077 |
| Net assets without donor restrictions | $26,784 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $39,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vets4success Inc has recieved totaling $7,378.
| Awarding Organization | Amount |
|---|---|
Combat Veterans Motorcycle Association Liberty, MO PURPOSE: VETERANS ASSISTANCE | $7,378 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tabithas Way Spanish Fork, UT | $2,745,428 | $6,667,027 |
Childrens Retail Seattle, WA | $1,472,290 | $2,550,770 |
Good Samaritan Ministries & Thrift Store Helena, MT | $2,557,511 | $2,513,095 |
Help Center Inc Bozeman, MT | $1,510,080 | $1,509,618 |
Particular Council Of Tacoma Society Of Saint Vincent De Paul Tacoma, WA | $1,119,850 | $1,605,958 |
Island Thrift Oak Harbor, WA | $1,109,541 | $1,303,558 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
Bargains Galore Thrift Store Mount Vernon, WA | $1,721,837 | $1,061,791 |
Wabisabi Inc Moab, UT | $328,829 | $787,061 |
Mustard Seed Ministries Inc Twin Falls, ID | $1,168,061 | $749,846 |
Simple & Just Seattle, WA | $200,112 | $563,252 |
With Love Oregon Tigard, OR | $1,459,676 | $1,183,526 |