Veterans Of Foreign Wars Dept Of Michigan is located in Shepherd, MI. 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. 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 $86.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $73.3k during the year ending 12/2022. 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
ASSIST LOCAL VETERANS. DONATE TO COMMUNITY GROUPS, FOOD PANTRIES, AND VETERANS ORGANIZATIONS. PROVIDE SCHOLARSHIPS TO LOCAL STUDENTS. PROVIDE ASSISTANCE TO LOCAL RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE DONATIONS. SHEPHERD FIRE DEPT CHRISTMAS OUTREACH $500. ST VINCENT FOOD PANTRY $6000. CMU SPEECH THERAPY CLINIC $1800, 9 STUDENTS. SCHOLARSHIPS FOR LOCAL STUDENTS (1) $500. TOYS FOR TOTS $1000. VFW NATIONAL HOME FOR CHILDREN $2000. SPECIAL OLYMPICS OF MICHIGAN AREA 7 $75. VETERANS FREEDOM PARK $100. HONOR GUARD DONATION $300. VILLAGE OF SHEPHERD SPLASH PARK $200. VETERAN RELIEF $486 ($300 GAS CARDS & $186 FOR STORAGE EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Harris Bartender | Officer | 14 | $7,131 |
Debra Coats Bartender | Officer | 14 | $7,111 |
Lisa Davis Bartender | Officer | 9 | $4,589 |
Sara Rolston Bookkeeper | Officer | 3 | $2,880 |
John Legner Bartender | Officer | 4 | $2,171 |
Barbara Mead Bartender | Officer | 4 | $2,147 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $5,597 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,597 |
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 | $36,641 |
Net Income from Sales of Inventory | $43,039 |
Miscellaneous Revenue | $0 |
Total Revenue | $86,027 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
Grants and other assistance to domestic individuals. | $2,961 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,280 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $24,245 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,800 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,800 |
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 | $730 |
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 | $0 |
Insurance | $2,107 |
All other expenses | $15,748 |
Total functional expenses | $73,271 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,412 |
Savings and temporary cash investments | $92,346 |
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 | $5,342 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $498,000 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $604,100 |
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 | $106,100 |
Paid-in or capital surplus, or land, building, or equipment fund | $498,000 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $604,100 |