Amvets
- Assets
- $319.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Waterloo, IA
- Founding
- 05/1945
- Data as of
- 06/2024
- EIN
- 42-0643427
Organization Overview
Amvets is located in Waterloo, IA. 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 06/2024, Amvets generated $31.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $41.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 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
2024
Describe the Organization's Program Activity:
Part 3
SUPPORT AMERICA'S VETERANS BY PROVIDING SCHOLARSHIPS, MEDICAL ASSISTANCE, AND OTHER SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark Leckington Executive Director | 20 | $14,850 | |
Donald Shellenberger Finance Officer | 20 | $0 | |
Merle Feldman President | 1 | $0 | |
Rick Fingeroos Vice President | 1 | $0 | |
Dan Mcdonald Commander | 1 | $0 | |
Berry Remington Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,035 |
| Total Program Service Revenue | $1,171 |
| Membership dues | $12,506 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,206 |
| Other Revenue | $4,116 |
| Total Revenue | $31,034 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,058 |
| Professional fees and other payments to independent contractors | $1,355 |
| Occupancy, rent, utilities, and maintenance | $186 |
| Printing, publications, postage, and shipping | $873 |
| Other expenses | $16,367 |
| Total expenses | $41,839 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $319,742 |
| Other assets | $0 |
| Total assets | $319,742 |
| Total liabilities | $530 |
| Net assets or fund balances | $319,212 |