Platoon 22 Inc
- Assets
- $1.4m
- Revenue
- $488.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Frederick, MD
- Founding
- 10/2014
- Data as of
- 12/2023
- EIN
- 47-1798824
Organization Overview
Platoon 22 Inc is located in Frederick, MD. The organization was established in 2014. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Platoon 22 Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platoon 22 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 12/2023, Platoon 22 Inc generated $488.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $473.3k during the year ending 12/2023. While expenses have increased by 35.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO END VETERAN SUICIDE THROUGH THE SUCCESSFUL REINTEGRATION OF SERVICE MEMBERS AND THEIR FAMILIES BY ASSEMBLING CRITICAL RESOURCES, PROVIDING PEER SUPPORT, AND OFFERING BEST IN CLASS TRANSITIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, IN ADDITION TO THE STANDARD PROGRAMS, PLATOON ADDED A VEHICLE TO PROVIDE TRANSPORTATION SERVICES AND PURCHASED A 6-UNIT BUILDING AND OFFERED AFFORDABLE HOUSING OPTIONS. PLATOON PARTICIPATED IN NUMEROUS COMMUNITY EVENTS, CONTRIBUTING OVER 250 HOURS TO OUTREACH AND VOLUNTEER EFFORTS. THESE INITIATIVES FOCUSED ON RAISING AWARENESS AND PROVIDING EDUCATION ABOUT VETERAN SUICIDE PREVENTION AND SUCCESSFUL MILITARY TRANSITIONS. THIS YEAR, WE PROUDLY SERVED OVER 700 VETERANS AND OFFERED APPROXIMATELY 2,100 SERVICES, INCLUDING BENEFITS NAVIGATION, TRANSPORTATION, FINANCIAL ASSISTANCE, AND PEER SUPPORT, FURTHER ENHANCING OUR IMPACT ON THE VETERAN COMMUNITY. UNDER THE FINANCIAL ASSISTANCE PROGRAM 23,700 WAS AWARDED TO VETERANS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Niki Falzone Executive Di | Officer | 40 | $80,000 |
Danny Farrar Prior Exec D | Officer | 4 | $4,327 |
Caleb Sebra President | OfficerTrustee | 10 | $0 |
Scott Mccaskill Vice Preside | OfficerTrustee | 5 | $0 |
Robert Hambrecht Treasurer | OfficerTrustee | 5 | $0 |
Susan Hood Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,673 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,364 |
| Noncash contributions included in lines 1a–1f | $38,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,037 |
| Total Program Service Revenue | $0 |
| Investment income | $111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,259 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $488,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,327 |
| Compensation of current officers, directors, key employees. | $8,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,193 |
| Fees for services: Accounting | $13,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,604 |
| Advertising and promotion | $16,488 |
| Office expenses | $5,908 |
| Information technology | $26,935 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,974 |
| Insurance | $10,003 |
| All other expenses | $6,142 |
| Total functional expenses | $473,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,427 |
| Savings and temporary cash investments | $96,628 |
| Pledges and grants receivable | $85,000 |
| Accounts receivable, net | $20,780 |
| 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 | $15,004 |
| Net Land, buildings, and equipment | $589,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,158 |
| Other assets | $269,222 |
| Total assets | $1,443,805 |
| Accounts payable and accrued expenses | $16,485 |
| Grants payable | $0 |
| Deferred revenue | $13,142 |
| 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 | $400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $429,627 |
| Net assets without donor restrictions | $654,073 |
| Net assets with donor restrictions | $360,105 |
| 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 | $1,443,805 |