Amvets Department Of Florida Service Foundation Inc
- Assets
- $438.9k
- Revenue
- $109.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Panama City, FL
- Founding
- 01/2015
- Data as of
- 06/2024
- EIN
- 47-1424265
Organization Overview
Amvets Department Of Florida Service Foundation Inc is located in Panama City, FL. The organization was established in 2015. 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. Amvets Department Of Florida Service Foundation 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 06/2024, Amvets Department Of Florida Service Foundation Inc generated $109.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $100.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Amvets Department Of Florida Service Foundation Inc has awarded 37 individual grants totaling $536,597. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED IN SUPPORT TO VETERANS AND AFFILIATED ORGANIZATIONS
PROVIDED SCHOLARSHIPS
PROVIDED TO SONS OF AMVETS FL SCOOTER AND WHEELCHAIR PROGRAMS
PROVIDED TO VARIOUS, QUALIFIED 501 C 3 LOCAL CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Arnett President | 10 | $0 | |
John Arthur J Vice President | 5 | $0 | |
Pienimg Joseph T Foundation Mgr. | 5 | $0 | |
Corson Terry K Treasurer | 20 | $0 | |
Jodi Wood Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,435 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,002 |
| Total Revenue | $109,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $26,651 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,432 |
| Printing and publications | $0 |
| Other expenses | $23,952 |
| Total operating and administrative expenses | $83,280 |
| Contributions, gifts, grants paid | $17,066 |
| Total expenses and disbursements | $100,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,903 |
| Savings and temporary cash investments | $286,955 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $438,858 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $71 |
| Total liabilities | $71 |
Grants Awarded
Over the last fiscal year, Amvets Department Of Florida Service Foundation Inc has awarded $253,657 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SOA DEPT OF FL PURPOSE: CHARITABLE | $5,000 |
DISASTER RELIEF FUND PURPOSE: CHARITABLE | $203,370 |
DON RHINDRESSJROTC PURPOSE: SCHOLARSHIPS | $12,000 |
HONORS & AWARDS PURPOSE: CHARITABLE | $1,923 |
HARDSHIP GRANTS ACCT 461 PURPOSE: CHARITABLE | $1,000 |
GENERAL SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $5,000 |