Veterans Of Foreign Wars Foundation
- Assets
- $17.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 10/1996
- Data as of
- 08/2022
- EIN
- 43-1758998
Organization Overview
Veterans Of Foreign Wars Foundation is located in Kansas City, MO. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Of Foreign Wars Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Veterans Of Foreign Wars Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $4.9m during the year ending 08/2022. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Veterans Of Foreign Wars Foundation has awarded 66 individual grants totaling $20,721,142. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SECURE AND PROVIDE SUPPORT FOR VETERANS AND THEIR FAMILIES; ASSIST VETERANS TRANSITIONING TO CIVILIAN LIFE; SUPPORT VFW NATIONAL VETERAN SERVICE OFFICERS, WHO PROVIDE FREE ASSISTANCE TO ANY VETERAN WITH THEIR VETERANS AFFAIRS (VA) FILINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS SERVICE ACTIVITIES - THE MISSION IS TO SECURE, MANAGE AND DISTRIBUTE RESOURCES TO SUPPORT VETERANS, ACTIVE-DUTY PERSONNEL, THE NATIONAL GUARD AND RESERVE, THEIR FAMILIES AND COMMUNITIES. THE VFW FOUNDATION, IN SUPPORT OF THIS MISSION, ASSISTED OVER 350 MILITARY FAMILIES IN NEED OF FINANCIAL ASSISTANCE WITH DISBURSEMENTS OF $466,929 THROUGH THE UN-MET NEEDS PROGRAM TO HELP FAMILIES EXPERIENCING FINANCIAL HARDSHIPS WITH MORTGAGE, CAR LOANS, UTILITIES AND OTHER PAYMENTS. THE VFW FOUNDATION PROVIDED GRANTS OF $120,139 THAT WERE USED FOR RECOGNITION EVENTS FOR MILITARY MEMBERS AND THEIR FAMILIES AND OTHER PROGRAMS TO ASSIST VETERANS. THE VFW FOUNDATION PROVIDED A $14,000 GRANT TO ASSIST WITH VALOR MEDALS REVIEW TO HELP IDENTIFY VETERANS THAT SERVED IN WORLD WAR I THAT MAY HAVE BEEN DENIED THE MEDAL OF HONOR BECAUSE OF RACE. THE VFW FOUNDATION EXPENDED $1,300,000 TO PROVIDE SCHOLARSHIPS FOR THE VFW'S HELP-A-HERO SCHOLARSHIP PROGRAM. THIS PROGRAM PROVIDES UP TO $5,000 IN SCHOLARSHIPS TO VETERANS OR CURRENT MILITARY PERSONNEL WITH A RANK OF E-5 OR BELOW. ADDITIONALLY, THE VFW FOUNDATION EXPENDED $500,000 TO SUPPORT VFW SERVICE OFFICERS. THESE OFFICERS PLAY A KEY ROLE IN ASSISTING VETERANS IN DEALING WITH THE DEPARTMENT OF VETERANS AFFAIRS AND OTHER AGENCIES. THESE OFFICERS ARE FORMALLY TRAINED AND ACCREDITED TO REPRESENT VETERANS AND THEIR DEPENDENTS OR SURVIVORS. THIS STRUCTURE ENSURES THAT NO VETERAN, DEPENDENT OR SURVIVOR NEEDS TO DEAL WITH THE AGENCIES ADMINISTERING VETERAN'S PROGRAMS WITHOUT EXPERT REPRESENTATION. DURING 2022, VETERANS REPRESENTED BY VFW SERVICE OFFICERS RECEIVED OVER $11 BILLION IN BENEFITS FROM THE VA.
COMMUNITY SERVICE & PUBLIC AWARENESS - THE MISSION SUPPORTS PROGRAMS THAT FOSTER PATRIOTISM, CITIZENSHIP EDUCATION AND VOLUNTEERISM, COMMUNITY IMPROVEMENT AND YOUTH DEVELOPMENT PROGRAMS. THE VFW FOUNDATION MADE GRANTS OF $700,000 TO ASSIST VFW POSTS AND AUXILIARIES WITH OUTREACH PROJECTS IN THEIR RESPECTIVE COMMUNITIES, SO THAT VFW POSTS COULD CONTINUE TO BE A RESOURCE FOR THEIR LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Anderson Former Secretary/treasurer-Term Ended 3/22 | OfficerTrustee | 5 | $0 |
Matthew Mihelcic Former Chairman-Term Ended 3/22 | OfficerTrustee | 5 | $0 |
Marc Garduno Secretary/treasurer | OfficerTrustee | 5 | $0 |
Kevin C Jones Former President-Term Ended 7/22 | OfficerTrustee | 5 | $0 |
Michael F Derosa Chairman | OfficerTrustee | 5 | $0 |
Dan West President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $60,106 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,440,613 |
| Noncash contributions included in lines 1a–1f | $93,897 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,500,719 |
| Total Program Service Revenue | $0 |
| Investment income | $302,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $544,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,347,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,711,738 |
| Grants and other assistance to domestic individuals. | $466,929 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,491 |
| Compensation of current officers, directors, key employees. | $46,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,374 |
| Pension plan accruals and contributions | $49,352 |
| Other employee benefits | $103,438 |
| Payroll taxes | $41,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,986 |
| Fees for services: Accounting | $52,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,428 |
| Fees for services: Other | $204,746 |
| Advertising and promotion | $279,719 |
| Office expenses | $136,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,212 |
| Travel | $66,306 |
| 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 | $16,975 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,854,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,583,460 |
| Pledges and grants receivable | $350,000 |
| Accounts receivable, net | $6,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $177,418 |
| Net Land, buildings, and equipment | $40,789 |
| Investments—publicly traded securities | $14,675,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,599 |
| Total assets | $17,866,324 |
| Accounts payable and accrued expenses | $281,400 |
| 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 | $67,031 |
| Total liabilities | $348,431 |
| Net assets without donor restrictions | $12,073,161 |
| Net assets with donor restrictions | $5,444,732 |
| 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 | $17,866,324 |
Grants Awarded
Over the last fiscal year, Veterans Of Foreign Wars Foundation has awarded $2,709,138 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: VETERAN SERVICE AND COMMUNITY SERVICE ACTIVITIES | $2,695,138 |
Parkville, MO PURPOSE: VETERAN SERVICE ACTIVITIES | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Veterans Of Foreign Wars Foundation has recieved totaling $158,510.
| Awarding Organization | Amount |
|---|---|
Hollfelder Foundation Covina, CA PURPOSE: HOUSING FOR MILITARY FAMILIES. | $158,360 |
David And Mary Sterling Foundation Inc Hinsdale, IL PURPOSE: CHARITABLE | $100 |
Kahn Family Charitable Foundation Wellesley, MA PURPOSE: PROGRAM SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Workforce Alliance Of South Central Kansas Inc Wichita, KS | $1,360,874 | $7,220,888 |
Mayors Youth Empowerment Program Iowa City, IA | $6,304,962 | $7,071,387 |
Comptia Tech Career Academy Downers Grove, IL | $2,728,852 | $5,424,881 |
Proteus Inc Des Moines, IA | $1,359,202 | $6,864,690 |
United Workforce Development Board Inc Pekin, IL | $714,374 | $6,448,841 |
Local Workforce Investment Area Iii Inc Lenexa, KS | $530,275 | $5,852,812 |