Operation Phantom Support Inc
- Assets
- $332.7k
- Revenue
- $392.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Killeen, TX
- Founding
- 07/2014
- Data as of
- 12/2019
- EIN
- 46-4212836
Organization Overview
Operation Phantom Support Inc is located in Killeen, TX. The organization was established in 2014. 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. As of 12/2019, Operation Phantom Support Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Phantom Support Inc 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 12/2019, Operation Phantom Support Inc generated $392.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $332.0k during the year ending 12/2019. While expenses have increased by 7.6% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ASSIST ACTIVE DUTY AND HONORABLY DISCHARGED VETERANS WITH THIER NEEDS IN A DIGNIFIED AND HONORABLE MANNER. WE PROVIDE THE FOLLOWING PROGRAMS TO THESE INDIVIDUALS ON A NO FEE BASIS. THE RESALE STORE, FREE CAKES FOR KIDS BIRTHDAYS, OPERATION CAKE DROP AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION FEED OUR HEROS PROVIDES BOTH A FOOD PANTRY AND HOT MEALS FOR VETERANS WHO CAN NOT AFFORD TO PAY FOR GROCERIES FOR THIER FAMILIES OR ARE IN HEED OF A HOT MEAL. THE FOOD PANTRY IS OPEN EVERY THURSDAY AND SATURDAY FOM 10AM TILL 5PM. THIS IS A JOINT EFFORT BETWEEN THE CAPILLARY FOOD BANK OF AUSTIN AND OPERATION PHANTOM SUPPORT. APPROXIMATELY 3000 POUNDS OF FOOD IS PROVIDED FREE OF CHARGE TO ELIGIBLE VETERANS AND ACTIVE DUTY SOLDIERS IN THE FORT HOOD METROPOLOTIN AREA. ON AVERAGE 600 INDIVIDUALS ARE ASSISTED EACH MONTH AND 60000 POUNDS OF FOOD WAS DISTRIBUTED LAST YEAR. THE NEED IS GROWING AND INCREADED FOOD AND FUNDING WILL BE NEEDED IN THE NEAR FUTURE.
OPERATION PHANTON SUPPORT RETAIL STORE IS OPERATED AS A 990T THAT FUNNELS THE REVENUE TO THE ORGANIZATION THROUGH MONTHLY DUES COLLECTED THROUGH INTERNET DONATIONS AND RESALE INCOME FROM THE STORE. THIS REVENUE STREAM IS USED TO PROVIDE ADDITIONAL FOOD TO THE FOOD PANTRY AND TO PROVIDE PAYROLL AND OFFICE SUPPORT TO THE ORGANIZATION AS A WHOLE. THE REVENUE GENERATED BY THE RETAIL STORE PAYS ALL ASSOCIATED EXPENSES OF THE PARENT ORGANIZATION AND DONATES ALL ADDITIONAL PROCEEDS DIRECTLY TO OPERATION PHANTOM SUPPORT. THESE ADDITIONAL REVENUES PROVIDE THE FUNDING FOR SEVERAL ADDITIONAL PROGRAMS THAT GENERATE NO INCOME.
OPERATION PHANTOM SUPPORT MONKEY WRENCH ASSISTS NEEDY SOLDIERS AND VETERANS WITH TOOLS, PROVIDE PARTS AND SAVE MONEY IN THE PROCESS, SO THEY CAN BE SELF SUFFICENT. THIS NOT ONLY KEEPS THIER CARS RUNNING,BUT, PROVIDES A GOOD RELIABLE MODE OF TRANSPORTAION. OVER 2 DOZEN HAVE BEEN HELPED IN THE FIRST 5 MONTHS OF THIS NEW PROGRAM.
OPERATION FEED OUR HEROS PROVIDES BOTH A FOOD PANTRY AND HOT MEALS FOR VETERANS WHO CAN NOT AFFORD TO PAY FOR GROCERIES FOR THIER FAMILIES OR ARE IN HEED OF A HOT MEAL. THE FOOD PANTRY IS OPEN EVERY THURSDAY AND SATURDAY FOM 10AM TILL 5PM. THIS IS A JOINT EFFORT BETWEEN THE CAPILLARY FOOD BANK OF AUSTIN AND OPERATION PHANTOM SUPPORT. APPROXIMATELY 3000 POUNDS OF FOOD IS PROVIDED FREE OF CHARGE TO ELIGIBLE VETERANS AND ACTIVE DUTY SOLDIERS IN THE FORT HOOD METROPOLOTIN AREA. ON AVERAGE 600 INDIVIDUALS ARE ASSISTED EACH MONTH AND 60000 POUNDS OF FOOD WAS DISTRIBUTED LAST YEAR. THE NEED IS GROWING AND INCREADED FOOD AND FUNDING WILL BE NEEDED IN THE NEAR FUTURE.
OPERATION PHANTON SUPPORT RETAIL STORE IS OPERATED AS A 990T THAT FUNNELS THE REVENUE TO THE ORGANIZATION THROUGH MONTHLY DUES COLLECTED THROUGH INTERNET DONATIONS AND RESALE INCOME FROM THE STORE. THIS REVENUE STREAM IS USED TO PROVIDE ADDITIONAL FOOD TO THE FOOD PANTRY AND TO PROVIDE PAYROLL AND OFFICE SUPPORT TO THE ORGANIZATION AS A WHOLE. THE REVENUE GENERATED BY THE RETAIL STORE PAYS ALL ASSOCIATED EXPENSES OF THE PARENT ORGANIZATION AND DONATES ALL ADDITIONAL PROCEEDS DIRECTLY TO OPERATION PHANTOM SUPPORT. THESE ADDITIONAL REVENUES PROVIDE THE FUNDING FOR SEVERAL ADDITIONAL PROGRAMS THAT GENERATE NO INCOME.
OPERATION PHANTOM SUPPORT MONKEY WRENCH ASSISTS NEEDY SOLDIERS AND VETERANS WITH TOOLS, PROVIDE PARTS AND SAVE MONEY IN THE PROCESS, SO THEY CAN BE SELF SUFFICENT. THIS NOT ONLY KEEPS THIER CARS RUNNING,BUT, PROVIDES A GOOD RELIABLE MODE OF TRANSPORTAION. OVER 2 DOZEN HAVE BEEN HELPED IN THE FIRST 5 MONTHS OF THIS NEW PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John N Valentine CFO | Officer | 40 | $0 |
James Bell Senior Vice President | Officer | 0 | $0 |
Melvin Lomax Vice President | Officer | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $392,175 |
| Investment income | $0 |
| 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 | $392,175 |
| 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. | $22,103 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $620 |
| Payroll taxes | $8,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,633 |
| Advertising and promotion | $25,754 |
| Office expenses | $67,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,373 |
| Travel | $0 |
| 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 | $3,417 |
| All other expenses | $0 |
| Total functional expenses | $332,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,359 |
| Savings and temporary cash investments | $0 |
| 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 | $30,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $285,326 |
| Other assets | $0 |
| Total assets | $332,685 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $332,685 |
| 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 | $332,685 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Operation Phantom Support Inc has recieved totaling $30,865.
| Awarding Organization | Amount |
|---|---|
Lisa And Ernest Auerbach Family Foundation Rancho Santa Fe, CA PURPOSE: SUPPORT ORGANIZATION'S MISSION | $10,000 |
Dodson Foundation Inc Inverness, IL PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
First Community Foundation Inc Killeen, TX PURPOSE: SUPPORT THE CHARITY PURPOSE OF OPERATION PHANTOM SUPPORT | $5,000 |
Oncor Cares Foundation Dallas, TX PURPOSE: HELP ORGANIZATIONS PROVIDE ASSISTANCE TO THOSE IN NEED DURING THE COVID-19 PANDEMIC. | $4,000 |
True Homes Foundation Inc Monroe, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Nick And Judith Topitzes Family Foundation Inc Madison, WI PURPOSE: GENERAL OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gi Forum National Veterans Outreach Program Inc San Antonio, TX | $6,075,829 | $12,361,795 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Louisiana National Guard Foundation New Orleans, LA | $5,835,401 | $6,505,889 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
American Legion Clovis, NM | $323,823 | $3,104,581 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
American Legion Clovis, NM | $235,874 | $1,801,640 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |
Wish For Our Heroes Inc San Antonio, TX | $1,716,093 | $1,811,976 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |
Nextop Inc Houston, TX | $488,854 | $1,385,969 |