Veterans Legacy Foundation Inc
- Assets
- $24.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lillington, NC
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-2862267
Organization Overview
Veterans Legacy Foundation Inc is located in Lillington, NC. The organization was established in 2011. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Legacy Foundation 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 12/2022, Veterans Legacy Foundation Inc generated $6.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE VETERANS' LEGACY FOUNDATION WAS FORMED IN AN EFFORT TO INSTITUTIONALIZE THE VOLUNTEER EFFORTS OF A SMALL GROUP OF VETERANS AND AVID MILITARY HISTORIANS. THIS GROUP HAS BEEN VOLUNTEERING THEIR TIME SINCE 2000 IN SUPPORT OF VETERANS IN HARNETT COUNTY, NORTH CAROLINA AND SURROUNDING COUNTIES. TO DATE THESE EFFORTS HAVE RESULTED IN NUMEROUS AWARDS AND RECOGNITION FOR SERVICE FROM WWI TO POST-DESERT STORM. DURING THE YEAR ENDED DECEMBER 31, 2022 THE FOUNDATION PRESENTED 39 VETERANS WITH AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Dustin Member | 6 | $0 | |
Mark B Johnson Member | 4 | $0 | |
David Gilchrist Member | 4 | $0 | |
John Elskamp Executive Director | 40 | $0 | |
Gordon Harrington Vice-President | 5 | $0 | |
Robert Baker Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,199 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $363 |
| Other Revenue | $0 |
| Total Revenue | $6,562 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $349 |
| Other expenses | $2,160 |
| Total expenses | $3,109 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,927 |
| Other assets | $0 |
| Total assets | $24,927 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,927 |