Veterans Of Foreign Wars Department Of Illinois
- Assets
- $78.5k
- Revenue
- $331.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mchenry, IL
- Founding
- 05/1964
- Data as of
- 06/2022
- EIN
- 36-4046858
Organization Overview
Veterans Of Foreign Wars Department Of Illinois is located in Mchenry, IL. The organization was established in 1964. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Department Of Illinois 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 06/2022, Veterans Of Foreign Wars Department Of Illinois generated $331.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $263.4k during the year ending 06/2022. While expenses have increased by 36.0% per year over the past 6 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
FOX RIVER POST 4600, VETERANS OF FOREIGN WARS OF THE UNITED STATES IS A NOT FOR PROFIT ORGANIZATION AND AS A UNIT OF WAR VETERANS, IS ELIGIBLE FOR TAX DEDUCTIBLE CONTRIBUTIONS. IT SHARES THE PURPOSES SET FORTH IN TITLE 36 USC 230102 FOR THE CONGRESSIONALLY CHARTERED VETERANS OF FOREIGN WARS OF THE UNITED STATES. AS A VETERANS SERVICE ORGANIZATION THE MISSION OF FOX RIVER POST 4600 DEPT OF IL VFW CONSIST OF VETERANS ADVOCACY, CITIZENSHIP AND COMMUNITY SERVICE, ENCOURAGING NATIONAL SECURITY THROUGH SUPPORT OF OUR NATIONS MEN AND WOMEN IN UNIFORM, PROMOTING GOOD CITIZENSHIP AND COMMUNITY SERVICE, ENCOURAGING AMERICA'S YOUTH TO EXCEL IN ACADEMICS, COMMUNITY SERVICE AND ATHLETICS, FACILITATING DIRECT ASSISTANCE TO NEEDY MILITARY PERSONNEL AND VETERANS AND THEIR FAMILIES AND TO SUPPORT ACTIONS AND ACTIVITIES THAT FURTHER THE MISSION AND PROMOTE THE WELL BEING OF VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST RELIEF FUND - THE POST DONATES TO ORGANIZATIONS THAT DIRECTLY HELP VETERANS, PROGRAMS, AND THEIR FAMILIES.
GENERAL POST FUND - THE POST PROVIDES COMMUNITY SUPPORT TO THE VETERANS AND THEIR FAMILIES AND HELPS FUND STATE AND NATIONAL CONVENTIONS AND SCHOLARSHIP PROGRAMS.
THE POST PROVIDES PROGRAMS AND SERVICES THE COMMUNITY BY HOSTING GATHERINGS, ACTIVITIES FOR THE KIDS, AND VARIOUS EVENTS THROUHOUT THE YEAR THAT INCLUDE HOLIDAY PARITES AND ENTERTAINMENT FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Lungren 1 Yr Trustee | Trustee | 5 | $0 |
Kevin Adams 2 Yr Trustee | Trustee | 5 | $0 |
Howard S Thorson 3 Yr Trustee | Trustee | 5 | $0 |
Ben Keefe Post Commander | Officer | 20 | $0 |
Peter Kim Post Quartermaster | Officer | 20 | $0 |
John M Decicco Sr Vice Commander | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,469 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,215 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $219,575 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35 |
| Advertising and promotion | $0 |
| Office expenses | $5,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,634 |
| Travel | $2,945 |
| 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 | $0 |
| All other expenses | $3,267 |
| Total functional expenses | $263,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,529 |
| 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 | $78,529 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $78,529 |
| Total liabilities and net assets/fund balances | $78,529 |
Grants Awarded
Over the last fiscal year, Veterans Of Foreign Wars Department Of Illinois has awarded $182,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY MCHENRY COUNTY PURPOSE: HELP BUILD HOMES FOR VETERANS | $20,000 |
VFW NATIONAL HOMES FOR CHILDREN PURPOSE: PROVIDES HOMES IN ATON RAPIDS, MI FOR MILITARY FAMILIES IN NEED. | $25,000 |
VETERANS PATH TO HOME PURPOSE: PROVIDE SUPPORT TO VETERANS THROUGH EMERGENCY GAS CARDS, TOILETRIES, FOOD, HOUSEHOLD ITEMS. | $10,000 |
MIDWEST SHELTER FOR HOMELESS VETERANS PURPOSE: DONATION OFFSETS THE OPERATIONAL COSTS OF RUNNING A SHELTER FOR HOMELESS VETERANS | $50,000 |
AMERICAN VETERANS SERVICE DOG ACADEMY PURPOSE: SPONSORSHIP HELPS TRAIN DOGS FOR VETERANS IN NEED | $15,000 |
FRIENDS OF FISHER HOUSE - ILLINOIS PURPOSE: HELPING TO BUILD A SECOND FISHER HOUSE IN IL TO SUPPORT LOVELL VA HSPITAL IN NORTH CHICAGO. | $12,000 |