Veiled Prophets Of St Louis Ltd
- Assets
- $1.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- St Louis, MO
- Founding
- 04/1942
- Data as of
- 12/2022
- EIN
- 43-0565060
Organization Overview
Veiled Prophets Of St Louis Ltd is located in St Louis, MO. The organization was established in 1942. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Veiled Prophets Of St Louis Ltd employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veiled Prophets Of St Louis Ltd is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Veiled Prophets Of St Louis Ltd generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $2.7m 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
THE ORGANIZATION WORKS TO PROMOTE THE METROPOLITAN ST. LOUIS AREA AND IMPROVE THE COOPERATION BETWEEN CIVIC AND COMMUNITY LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT AN ANNUAL PARADE ON JULY 4TH TO CELEBRATE OUR NATION'S BIRTHDAY.PROMOTES PATRIOTISM - THE PARADE INCLUDES COLOR GUARDS AND BANDS REPRESENTING BRANCHES OF THE US ARMED SERVICES WHICH PROMOTES CIVIC PRIDE AT THE COMMUNITY THROUGH IN PERSON VIEWING AND TELEVISION BROADCAST.PROMOTES COMMUNITY SERVICE - THE PARADE FEATURES FLOATS DEPICTING COMMUNITY SERVICE ACTIVITIES SUPPORTING CHARITABLE ORGANIZATIONS INCLUDING ANIIMAL RESCUE, CIVIC BEAUTIFICATION AND SUPPORT FOR THE NEEDY.PROGRAM SERVICE ACCOMPLISHMENTS - PROVIDES EDUCATION OPPOTUNITIES, THE PARADE INCLUDES THOUSANDS OF CHILDREN THROUGH THE PARTICIPATION OF HIGH SCHOOL MARCHING BANDS AND PERFORMING ARTS GROUPS DANCING AND SINGING ON ITS FLOATS AND RELATED PERFORMANCES.
VP BALL IS A FORMAL GALA FOR INTRODUCING YOUNG LADIES TO THE ST. LOUIS METROPOLITAN COMMUNITY WHICH PROMOTES GOODWILL AND COOPERATION BETWEEN CIVIC AND COMMUNITY LEADERS. APPROXIMATELY 60 WOMEN ARE CHOSEN FOR THEIR OUTSTANDING COMMUNITY SERVICE AND PRESENTED IN FRONT OF FRIENDS AND FAMILY FOR THEIR CONTRIBUTIONS. THE ANNUAL EVENT IS FORMAL DRESS AND INCLUDES A PAGEANT, RECEPTION SUPPER AND EARLY MORNING BREAKFAST.
MEETINGS AND EVENTS OF THE MEMBERSHIP DURING THE YEAR ARE FOR THE PURPOSE OF PROMOTING GOODWILL AND COOPERATION BETWEEN CIVIC AND COMMUNITY LEADERS AND TO PROMOTE THE ST. LOUIS METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sivewright President | OfficerTrustee | 3 | $0 |
Richard Nix Vice President | OfficerTrustee | 1 | $0 |
James Johnson Vice President | OfficerTrustee | 1 | $0 |
Alonzo Byrd Secretary | OfficerTrustee | 1 | $0 |
Mark Lewis Treasurer | OfficerTrustee | 1 | $0 |
Andres Bonifacio Asst. Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Butler's Pantry Catering Services | 12/30/22 | $301,874 |
Technical Productions Labor, Audio Production | 12/30/22 | $135,277 |
Hyatt Regency St Louis Hotel Rented Space, Food, Beverage | 12/30/22 | $217,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,638,387 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,638,387 |
| Total Program Service Revenue | $599,390 |
| Investment income | $4,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,283,156 |
| 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. | $176,300 |
| Compensation of current officers, directors, key employees. | $79,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,155 |
| Pension plan accruals and contributions | $20,409 |
| Other employee benefits | $79,682 |
| Payroll taxes | $57,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,231 |
| Advertising and promotion | $4,000 |
| Office expenses | $17,640 |
| Information technology | $40,573 |
| Royalties | $0 |
| Occupancy | $105,421 |
| Travel | $322 |
| 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 | $30,393 |
| Insurance | $116,532 |
| All other expenses | -$166,311 |
| Total functional expenses | $2,689,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,628 |
| Savings and temporary cash investments | $200,010 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $62,828 |
| Inventories for sale or use | $10,679 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $371,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $1,304,998 |
| Accounts payable and accrued expenses | $392,846 |
| 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 | $50,286 |
| Other liabilities | $0 |
| Total liabilities | $443,132 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,304,998 |