Veterans United Foundation
- Assets
- $54.1m
- Revenue
- $30.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 45-3630533
Organization Overview
Veterans United Foundation is located in Columbia, MO. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans United 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 12/2021, Veterans United Foundation generated $30.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $29.5m during the year ending 12/2021. While expenses have increased by 28.8% 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 2016, Veterans United Foundation has awarded 1,536 individual grants totaling $61,624,898. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VETERANS UNITED FOUNDATION IS DEDICATED TO MAKING A MEANINGFUL DIFFERENCE IN THE LIVES OF VETERANS AND SERVICE MEMBERS, FOR EMPLOYEES AND THEIR FAMILIES, AND IN LOCAL COMMUNITIES SERVED BY VETERANS UNITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS INDIVIDUALS AND THE FAMILIES OF INDIVIDUALS WHO ARE ACTIVELY SERVING OR VETERANS OF THE U.S. MILITARY, AS WELL AS SUPPORTING ORGANIZATIONS IN THE COMMUNITIES IN WHICH VETERANS UNITED HOME LOANS' OFFICES ARE LOCATED. SUPPORT IS GIVEN IN THE FORM OF MONETARY GIFTS AND SCHOLARSHIPS, AND IN NON-MONETARY EXPENDITURES SUCH AS CARE PACKAGES OR OTHER CHARITABLE ITEMS. UPON APPLICATION, VUF GRANTS DONATIONS AND NON-MONETARY GIFTS TO ORGANIZATIONS AND INDIVIDUALS DEEMED DESERVING, WITHOUT REGARD TO THEIR MILITARY STATUS OR COMMUNITY LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Morse President | OfficerTrustee | 2 | $0 |
Lacey Burrell Secretary | OfficerTrustee | 0.5 | $0 |
Emily Bange Past Treasurer | OfficerTrustee | 0.5 | $0 |
Emily Wulff Treasurer | Officer | 0.5 | $0 |
Ryan Bell Board Member | Trustee | 0.5 | $0 |
Kris Farmer Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,340,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,340,054 |
| Total Program Service Revenue | $0 |
| Investment income | $1,799,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,011,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,165,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,745,718 |
| Grants and other assistance to domestic individuals. | $1,853,480 |
| 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 | $234,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $178 |
| Fees for services: Accounting | $25,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,970 |
| Fees for services: Other | $468,780 |
| Advertising and promotion | $13,189 |
| Office expenses | $43,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $7,899 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $29,531,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,735,832 |
| Savings and temporary cash investments | $1,048,429 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $77,277 |
| Investments—publicly traded securities | $51,184,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,360 |
| Total assets | $54,107,159 |
| Accounts payable and accrued expenses | $52,671 |
| Grants payable | $8,411,839 |
| 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 | $8,464,510 |
| Net assets without donor restrictions | $45,642,649 |
| 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 | $54,107,159 |
Grants Awarded
Over the last fiscal year, Veterans United Foundation has awarded $22,200,004 in support to 413 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, MO PURPOSE: 10 YEARS: VICTIM ADVOCACY CENTER | $1,250,000 |
Columbia, MO PURPOSE: BEACON OF LIGHT CAPITAL CAMPAIGN AND FOR PURCHASE OF NEW VEHICLE | $1,035,000 |
Columbia, MO PURPOSE: 10 YEARS: REBUILD OUR RAINBOW | $1,014,000 |
Columbia, MO PURPOSE: 10 YEARS: BUILD OPPORTUNITY CAMPUS | $923,035 |
Columbia, MO PURPOSE: CAPITAL CAMPAIGN: BUILDING A HEALTHIER COMMUNITY | $750,000 |
Columbia, MO PURPOSE: CAPITAL CONSTRUCTION AND DEVELOPMENT OF CAMPUS | $750,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans United Foundation has recieved totaling $989.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |