Department Of Texas Veterans Of Foreign Wars Foundation
- Assets
- $2.5m
- Revenue
- $717.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 32-0021539
Organization Overview
Department Of Texas Veterans Of Foreign Wars Foundation is located in Austin, TX. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Department Of Texas Veterans Of Foreign Wars Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Department Of Texas Veterans Of Foreign Wars Foundation 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 06/2021, Department Of Texas Veterans Of Foreign Wars Foundation generated $717.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $397.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Department Of Texas Veterans Of Foreign Wars Foundation has awarded 17 individual grants totaling $490,452. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING PROGRAMS THAT RAISE AWARENESS ABOUT AMERICAS VETERANS.PROVIDE VETERANS/SERVICE PERSONNEL AND THEIR FAMILIES WITH FINANCIAL ASSISTANCE,EMPLOYMENT ASSISTANCE,SCHOLARSHIPS AND PROVIDE DISASTER RELIEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ABOVE REVENUE IS ALL CONTRIBUTIONS AND NET FUNDRAISING. THIS ACCOUNTING COVERS AREAS SUCH AS AWARDS AND GRANTS TO TEXAS VETERANS AND THEIR FAMILIES, PAYMENTS TO AFFILIATES WHICH ARE RELATED IN PURPOSE TO THE MISSION OF THE FOUNDATION. OTHER EXPENSES ARE MONITORED AS WELL FOR COMPLIANCE BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth West Executive Director | Officer | 40 | $70,897 |
Dan West Secretarytreasurer | Officer | 4 | $9,000 |
John Mitchell Vice-President | OfficerTrustee | 4 | $0 |
Paul Melton President | OfficerTrustee | 4 | $0 |
Lynn Toomer Junior Vice Commander | Trustee | 4 | $0 |
Byron Sage Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $125,540 |
| Government grants | $288,003 |
| 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 | $413,543 |
| Total Program Service Revenue | $0 |
| Investment income | $40,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $263,801 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $717,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,351 |
| Grants and other assistance to domestic individuals. | $100,853 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,897 |
| Compensation of current officers, directors, key employees. | $62,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,430 |
| Payroll taxes | $14,231 |
| Fees for services: Management | $16,236 |
| Fees for services: Legal | $513 |
| Fees for services: Accounting | $10,422 |
| 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 | $8,132 |
| Information technology | $12,441 |
| Royalties | $0 |
| Occupancy | $3,047 |
| Travel | $6,132 |
| 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 | $2,505 |
| Insurance | $844 |
| All other expenses | $0 |
| Total functional expenses | $397,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,256 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $21,517 |
| 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 | $747 |
| Net Land, buildings, and equipment | $9,422 |
| Investments—publicly traded securities | $1,532,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,470,423 |
| Accounts payable and accrued expenses | $11,078 |
| 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 | $11,078 |
| Net assets without donor restrictions | $1,251,484 |
| Net assets with donor restrictions | $1,207,861 |
| 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 | $2,470,423 |
Grants Awarded
Over the last fiscal year, Department Of Texas Veterans Of Foreign Wars Foundation has awarded $170,247 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: Support of the VFW | $50,000 |
Kansas City, MO PURPOSE: Support of the VFW | $50,000 |
Kansas City, MO PURPOSE: Support of the VFW | $50,000 |
Conroe, TX PURPOSE: Support of Veterans memorial | $6,749 |
Conroe, TX PURPOSE: Support of Veterans memorial | $6,749 |
Conroe, TX PURPOSE: Support of Veterans memorial | $6,749 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Department Of Texas Veterans Of Foreign Wars Foundation has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $200 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX PURPOSE: Support for veterans and families | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |