Salute The Troops
- Assets
- $38.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Fond Du Lac, WI
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-4968314
Organization Overview
Salute The Troops is located in Fond Du Lac, WI. 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. Salute The Troops 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 12/2023, Salute The Troops generated $103.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $91.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUPPORT VETERANS, SERVICE MEMBERS, AND THEIR FAMILIES BY PROVIDING FINANCIAL ASSISTANCE, RESOURCES, AND SUPPORTIVE PROGRAMMING WHILE CREATING AWARENESS, EDUCATION AND FOSTERING CAMARADERIE WHILE STIMULATING ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3
SUPPORT VETERANS THROUGH ADVOCACY, EDUCATION, TRAINING AND FINANCIAL ASSISTANCE.
VETREPRENEUR GRANTS- THIS PROGRAM OFFERS LOCAL VETERAN ENTREPRENEURS THE OPPORTUNITY TO ATTEND A 7 WEEK SMALL BUSINESS ACCELERATOR PROGRAM HOSTED BY VENTURE PROJECT, AND POWERED BY SALUTE THE TROOPS, INC. AT THE END OF OUR 7 WEEK EDUCATIONAL PROGRAM, VETERANS THAT COMPLETE THE ENTIRE PROGRAM WILL HAVE AN OPPORTUNITY TO "DEMO" THEIR BUSINESS IN FRONT OF A PANEL OF JUDGES FOR A CHANCE TO EARN $5000 IN SEED FUNDING FROM SALUTE THE TROOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Turner Executive Di | 40 | $48,000 | |
Edward Wenzel Board Memebe | 2 | $0 | |
James Erskine President | 2 | $0 | |
Katie Kahlhamer Secretary | 2 | $0 | |
Kristine Keisow Board Member | 2 | $0 | |
Richard Feustel Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,451 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,325 |
| Other Revenue | $1,077 |
| Total Revenue | $103,857 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,672 |
| Professional fees and other payments to independent contractors | $5,956 |
| Occupancy, rent, utilities, and maintenance | $8,030 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $17,096 |
| Total expenses | $91,243 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,429 |
| Other assets | $0 |
| Total assets | $38,582 |
| Total liabilities | $1,110 |
| Net assets or fund balances | $37,472 |
Grants Awarded
Over the last fiscal year, Salute The Troops has awarded $2,190 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VETS MUSKEY FISHING PURPOSE: Veterans Public Function | $1,500 |
TOBY'S WALK FOR AWARENESS PURPOSE: suicide awareness amoung veterans | $100 |
TROOP 702 PURPOSE: Support of Boy Scouts for assistance in fund raising | $590 |