Amvets
- Assets
- $269.8k
- Revenue
- $186.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Wheeling, IL
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 36-3253887
Organization Overview
Amvets is located in Wheeling, IL. The organization was established in 1945. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Amvets employed 8 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 12/2021, Amvets generated $186.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $170.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 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
PROVIDE SUPPORT TO VETERANS BY PROVIDING VENUES FOR SOCIALIZATION OF VETERANS WITH VETERANS, VETERAN SERVICE PROGRAMS AS WELL AS COMMUNITY PROGRAMS DESIGNED TO PROMOTE UNITY AND PATRIOTISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE MAINTAIN AND OPERATE A BEVERAGE AND ENTERTAINMENT FACILITY 7 DAYS A WEEK FOR MEMBERS TO CONGREGATE AND MEET. THIS ENCOURAGES THE SOCIALIZATION OF VETERANS WITH VETERANS AND PROMOTES AND STRENGTHENS COMRADESHIP AMONG VETERANS. IT ALSO ENCOURAGES IMPROMPTU MEETINGS FOR PLANNING AND DEVELOPING VETERAN AND COMMUNITY PROGRAMS. ESTIMATED BENEFICIARES 400.
WE ORGANIZE AND OPERATE, WITH MEMBER ONLY VOLUNTEERS, A WEEKLY THURSDAY NIGHT BINGO KITCHEN. THIS PROVIDES THE COMMUNITY AN ONGOING SOCIAL EVENT AND THE NET PROFITS EARNED FROM THE DINNERS ARE USED TO FUND SEVERAL VETERAN AND COMMUNITY PROGRAMS. ESTIMATED BENEFICIARES 75 PER WEEK.
WE ORGANIZE VARIOUS ACTIVITIES FOR VETERANS IN OUR LOCAL VA HOSPITAL AND AN ANNUAL CHRISTMAS DONATION OF GOOD AND ITEMS FOR OUR TROOPS OVERSEAS. PROGRAM WAS DEFERRED IN 2021 DUE TO COVID-19
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Altieri Director / Past President | OfficerTrustee | 1 | $18,780 |
Noe Robledo Vice-President Treas | OfficerTrustee | 5 | $0 |
Ken Neilson President | OfficerTrustee | 20 | $0 |
John DE Groot Director | Trustee | 4 | $0 |
Jim Schultz Director | Trustee | 4 | $0 |
Tony Janusas Past Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,165 |
| Government grants | $14,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,453 |
| Total Program Service Revenue | $27,729 |
| Investment income | $83 |
| 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 | $38,037 |
| Net Income from Sales of Inventory | $80,927 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $18,780 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $164 |
| Office expenses | $2,166 |
| 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 | $7,812 |
| Insurance | $13,123 |
| All other expenses | $4,557 |
| Total functional expenses | $170,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,663 |
| 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 | $5,000 |
| Prepaid expenses and deferred charges | $6,100 |
| Net Land, buildings, and equipment | $218,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $269,760 |
| Accounts payable and accrued expenses | $17,707 |
| 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 | $17,707 |
| Net assets without donor restrictions | $252,053 |
| 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 | $269,760 |
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|---|---|---|
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National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
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Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
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