Veterans Of Foreign Wars National Home For Children
- Assets
- $24.2m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 69
- Location
- Eaton Rapids, MI
- Founding
- 04/2003
- Data as of
- 06/2024
- EIN
- 38-1359597
Organization Overview
Veterans Of Foreign Wars National Home For Children, operating under the name Vfw National Home For Children, is located in Eaton Rapids, MI. The organization was established in 2003. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2024, Vfw National Home For Children employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vfw National Home For Children 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 06/2024, Vfw National Home For Children generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $6.6m during the year ending 06/2024. While expenses have increased by 3.3% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HELP CHILDREN AND FAMILIES OF VETERANS AND ACTIVE-DUTY MILITARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CARE - HELPS THE CHILDREN AND FAMILIES OF ACTIVE-DUTY MILITARY AND VETERANS WHO RESIDE IN HOUSES ON CAMPUS. ON-CAMPUS SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD, CLOTHING, HEALTH SERVICES, STAFFING REQUIREMENTS, AND VETERAN RESOURCES. ON-CAMPUS AND OFF-CAMPUS DIRECT CARE SERVICES INCLUDING NATIONAL TOLL-FREE HELPLINE FOR VETERAN AND MILITARY FAMILIES, INCLUDING CASE MANAGEMENT.
FACILITIES MANAGEMENT - PROVIDES CARE AND MAINTENANCE FOR THE HOUSES, BUILDINGS, AND SURROUNDING AREA WHERE THE ABOVE CLIENTS LIVE.
INDIRECT CARE - PROVIDES EDUCATION, DAYCARE, TRANSPORTATION AND RECREATIONAL SERVICES FOR ON-CAMPUS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Wickman Secretary/treasurer | OfficerTrustee | 0 | $0 |
Keith Jackson President (district 1) | OfficerTrustee | 0 | $0 |
Art Scheuneman Trustee (district 2) | Trustee | 0 | $0 |
Jodie Hollinger Trustee (district 3) | Trustee | 0 | $0 |
Sandi Kriebel Trustee (district 4) | Trustee | 0 | $0 |
Janet Owens Trustee (district 5) | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huntsinger & Jeffer Direct Mail Services And Fundraising Con | 6/29/24 | $645,067 |
Peerless-midwest Inc Water Supply Services | 6/29/24 | $207,086 |
Weather Shield Roofing Systems Roofing Services | 6/29/24 | $173,261 |
Military Makeover Llc Advertising Services Tv | 6/29/24 | $159,100 |
Mid Star Home Builders Llc Construction | 6/29/24 | $133,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,133 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,067,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,205,825 |
| Total Program Service Revenue | $9,050 |
| Investment income | $540,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,229 |
| Net Gain/Loss on Asset Sales | $817,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$99,056 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,530,291 |
| 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. | $180,779 |
| Compensation of current officers, directors, key employees. | $72,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,183,971 |
| Pension plan accruals and contributions | $56,635 |
| Other employee benefits | $562,790 |
| Payroll taxes | $171,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $84,000 |
| Fees for services: Investment Management | $43,978 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,420 |
| Office expenses | $412,211 |
| Information technology | $81,874 |
| Royalties | $0 |
| Occupancy | $195,739 |
| Travel | $92,921 |
| 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 | $590,577 |
| Insurance | $146,806 |
| All other expenses | $16,483 |
| Total functional expenses | $6,563,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,014 |
| Prepaid expenses and deferred charges | $122,425 |
| Net Land, buildings, and equipment | $6,880,047 |
| Investments—publicly traded securities | $13,585,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,518,671 |
| Total assets | $24,203,124 |
| Accounts payable and accrued expenses | $952,380 |
| 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 | $952,380 |
| Net assets without donor restrictions | $12,442,665 |
| Net assets with donor restrictions | $10,808,079 |
| 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 | $24,203,124 |