Amvets
- Assets
- $450.6k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Sheffield Lake, OH
- Founding
- 02/1967
- Data as of
- 12/2022
- EIN
- 34-6579689
Organization Overview
Amvets is located in Sheffield Lake, OH. The organization was established in 1967. 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 12/2022, Amvets employed 13 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 12/2022, Amvets generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 37.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF VETERANS AND COMMUNITY SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF LOCAL VETERANS AND SURROUNDING COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Rosso Vice Commander | Officer | 5 | $0 |
Chuck Hogan Vice Commander | Officer | 5 | $0 |
Ernest Hernandez Vice Commander | Officer | 5 | $0 |
James Woods Financial Officer | Officer | 5 | $0 |
Dan Anthony Commander | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $920 |
| 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 | $920 |
| Total Program Service Revenue | $3,278,061 |
| 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 | $0 |
| Net Income from Sales of Inventory | $64,592 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,369,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,381 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,755 |
| 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 | $136,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| 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 | $6,383 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,446 |
| Insurance | $9,157 |
| All other expenses | $3,041,533 |
| Total functional expenses | $3,347,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,282 |
| 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 | $3,727 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $320,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43 |
| Total assets | $450,616 |
| 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 | $0 |
| Other liabilities | $5,402 |
| Total liabilities | $5,402 |
| 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 | $445,214 |
| Total liabilities and net assets/fund balances | $450,616 |
Grants Awarded
Over the last fiscal year, Amvets has awarded $38,492 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHEFFIELD LAKE PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $23,010 |
FRIENDSHIP ANIMAL PROTECTIVE LEAGUE PURPOSE: GENERAL SUPPORT | $15,482 |