Amvets
- Assets
- $238.6k
- Revenue
- $287.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Cedar Falls, IA
- Founding
- 01/1970
- Data as of
- 12/2021
- EIN
- 42-0667166
Organization Overview
Amvets is located in Cedar Falls, IA. The organization was established in 1970. 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. As of 12/2021, Amvets employed 16 individuals. 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 12/2021, Amvets generated $287.3k 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 (3.5%) each year. All expenses for the organization totaled $274.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE VARIOUS SERVICES TO AMERICAN VETERANS INCLUDING OPERATIONS OF A SOCIAL VENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOOD & SOFT DRINK SERVICES TO MEMBER VETERANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Boileau Secretary | OfficerTrustee | $0 | |
Ivan Hankins Finance Offi | OfficerTrustee | $0 | |
Todd Dressman Vice Pres | OfficerTrustee | $0 | |
Greg Jennings Finance Offi | OfficerTrustee | $0 | |
Barry Remington Adjutant | OfficerTrustee | $0 | |
Mitch Lindberg 1st Vice Com | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,893 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,142 |
| Total Program Service Revenue | $215,587 |
| Investment income | $380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,991 |
| Net Income from Gaming Activities | $4,322 |
| Net Income from Sales of Inventory | $1,236 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,335 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,634 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,534 |
| Advertising and promotion | $0 |
| Office expenses | $1,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,154 |
| 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 | $9,003 |
| Insurance | $14,738 |
| All other expenses | $5,630 |
| Total functional expenses | $274,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,544 |
| Savings and temporary cash investments | $33,231 |
| 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 | $17,694 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $82,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,637 |
| Accounts payable and accrued expenses | $4,893 |
| 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 | $4,893 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $233,744 |
| Total liabilities and net assets/fund balances | $238,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of The United States Kansas City, MO | $242,275,685 | $98,113,411 |
H E R O E S Care Inc Fenton, MO | $4,492,001 | $18,882,199 |
Disabled American Veterans Kansas City, MO | $10,841,900 | $17,342,130 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Veterans Community Project Kansas City, MO | $14,262,405 | $11,060,934 |
American Legion Park Rapids, MN | $825,850 | $4,270,979 |
Amvets Springfield, IL | $604,546 | $3,188,714 |
American Legion Portage, WI | $4,372,734 | $2,507,173 |
Welcome Home Inc Columbia, MO | $4,815,089 | $2,743,236 |
American Legion Bloomington, IL | $4,519,203 | $2,240,833 |
Disabled American Veterans Saint Paul, MN | $2,007,600 | $2,057,727 |
Operation Support Our Troops - America Inc Naperville, IL | $995,272 | $1,019,373 |