Operation Vet-Fit
- Assets
- $45.9k
- Revenue
- $224.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Pleasant, SC
- Founding
- 07/2013
- Data as of
- 12/2023
- EIN
- 46-0672516
Organization Overview
Operation Vet-Fit is located in Mount Pleasant, SC. The organization was established in 2013. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Vet-Fit 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, Operation Vet-Fit generated $224.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $232.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION VET-FITS MISSION IS TO ASSIST OUR NATIONS COMBAT VETERANS, ACTIVE DUTY MEMBERS AND AFFECTED FAMILY MEMBERS THROUGH ADVOCACY, MENTAL HEALTH SERVICES, RESEARCH, FITNESS, CAMARADERIE BASED MOTIVATIONAL ACTIVITIES AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTAL HEALTH SERVICES. VETERAN SERVICE RESEARCH, PUBLICATIONS AND PRESENTATIONS ON VETERAN SUICIDE. WE HAVE BEEN ABLE TO MAINTAIN A LOW COST FOR THIS CATEGORY AS THE SERVICES ARE BEING PROVIDED BY VOLUNTEERS. OUR RESEARCH IS BASED AROUND THE OBSERVATIONAL DATA ON HOW CAMARADERIE AND EXERCISE WORK AS KEY ELEMENTS TO STOPPING NOT ONLY VETERAN SUICIDE, BUT SUICIDE AS A WHOLE. THE PRIMARY GOAL BEING THE REDUCTION ANXIETY, DEPRESSION, PAIN AND PTSD SYMPTOMS.THE FOUNDER, DIRECTOR AND CEO IS A LICENSED MENTAL HEALTH COUNSELOR, AND IS PAID $1,000/MONTH FOR HIS SERVICES TO THE VETERANS, AND THIS AMOUNT IS REPORTED VIA 1099-NEC.THE AMOUNT IS LISTED AS REVENUE HOWEVER THIS AMOUNT REPRESENTS THE AMOUNT OPERATION VET FIT WAS REIMBURSED BY VETERANS INSURANCE. ALSO INCLUDED IS IN-KIND COUNSELING
CAMARADARIE BASED EVENTS: THIS CATEGORY REPRESENTS THE STAPLE OF OUR PROGRAMS AND PROVIDES GROUP BASED MENTAL HEALTH AND FITNESS EVENTS FOR COMBAT VETERAN POPULATION, INCLUDING BUT NOT LIMITED TO GOLF OUTINGS, GYM MEMBERSHIPS, EXERCISE PROGRAMS AND DINNERS.OUR AGENCY HAS CONCLUDED THAT THE SOLUTIONS TO VETERAN SUICIDE CRISIS CENTER AROUND A RENEWED SENSE OF BELONGING, BROTHERHOOD, COMARADARIE AND FINALLY PURPOSE. OUR COMMARADAIRE BASED EVENTS ASSIST IN FOSTERING A RENEWED SENSE OF PURPOSE WHILE ALSO DEMONSTRATING MEASURABLE EFFICACY IN REDUCING ANXIETY, DEPRESSION, PAIN AND PTSD SYMPTOMS. EACH OF THESE ARE RISK FACTORS OF SUICIDE.
CHARITABLE CONTRIBUTIONS MADE ON BEHALF OF PROGRAM VETERANS. ALL CONTRIBUTIONS ARE MADE TO QUALIFIED 501(C)3 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel R Gaita Directorceo | Officer | 15 | $17,600 |
Brandon Eckardt Treasurer | Officer | 2 | $0 |
Bradley Noone Board Member | Officer | 0.25 | $0 |
Matt Ruskin Board Member | Officer | 0.25 | $0 |
Erin O Gaita Board Member | Officer | 3 | $0 |
Dan Welch Vice President | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,450 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,629 |
| Noncash contributions included in lines 1a–1f | $16,717 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,079 |
| Total Program Service Revenue | $143,596 |
| Investment income | $360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $224,035 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,267 |
| Advertising and promotion | $0 |
| Office expenses | $344 |
| Information technology | $275 |
| Royalties | $0 |
| Occupancy | $4,011 |
| Travel | $3,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,892 |
| Insurance | $2,573 |
| All other expenses | $3,009 |
| Total functional expenses | $232,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,781 |
| Savings and temporary cash investments | $10,361 |
| 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 | $16,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,886 |
| Accounts payable and accrued expenses | $0 |
| 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 | $74,800 |
| Other liabilities | $0 |
| Total liabilities | $74,800 |
| 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 | -$28,914 |
| Total liabilities and net assets/fund balances | $45,886 |