Amvets
- Assets
- $255.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Manitowoc, WI
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 39-1175452
Organization Overview
Amvets is located in Manitowoc, WI. 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. 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 12/2022, Amvets generated $32.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Scherer Commander | 20 | $0 | |
Douglas Riesterer Finance Officer | 3 | $0 | |
Brett Lippert 1st Vice Cdr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,342 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,852 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,512 |
| Other Revenue | $0 |
| Total Revenue | $32,821 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,280 |
| Occupancy, rent, utilities, and maintenance | $20,896 |
| Printing, publications, postage, and shipping | $3,554 |
| Other expenses | $4,913 |
| Total expenses | $30,643 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,618 |
| Other assets | $0 |
| Total assets | $255,212 |
| Total liabilities | $0 |
| Net assets or fund balances | $255,212 |