Veterans Of Foreign Wars Dept Of Michigan
- Assets
- $92.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eastpointe, MI
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 38-1734687
Organization Overview
Veterans Of Foreign Wars Dept Of Michigan is located in Eastpointe, MI. The organization was established in 1945. 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 Dept Of Michigan 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, Veterans Of Foreign Wars Dept Of Michigan generated $85.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $84.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES A PLACE WHERE VETERANS OF FOREIGN WARS CAN GET TOGETHER AND HELP VETERANS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Oleksiak Commander | 5 | $3,500 | |
Cliff Wilson Quartermaste | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $638 |
| Investment income | $62,242 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,140 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,173 |
| Professional fees and other payments to independent contractors | $2,374 |
| Occupancy, rent, utilities, and maintenance | $10,466 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,489 |
| Total expenses | $84,502 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,895 |
| Other assets | $0 |
| Total assets | $92,383 |
| Total liabilities | $30,551 |
| Net assets or fund balances | $61,832 |