Veterans Of Foreign Wars Department Of Massachusetts
- Assets
- $588.4k
- Revenue
- $181.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/1965
- Data as of
- 05/2022
- EIN
- 47-3353587
Organization Overview
Veterans Of Foreign Wars Department Of Massachusetts is located in Boston, MA. The organization was established in 1965. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Department Of Massachusetts 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 05/2022, Veterans Of Foreign Wars Department Of Massachusetts generated $181.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $22.9k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION STRIVES TO PROMOTE AND SUPPORT MASSACHUSETTS COMMUNITIES, CHARITABLE ORGANIZATIONS, AND INDIVIDUALS IN ACHIEVING THEIR GOALS WITH AN INTEREST IN VETERANS OF FOREIGN WARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFYING AND REACHING OUT TO INDIVIDUALS NEEDING ASSITANCE TO LOCATE, APPLY FOR AND RECEIVE APPROPRIATE BENEFITS FROM PROGRAMS SPONSORED BY THE GOVERNMENTS OR OTHER ORGANIZATIONS AIMED AT PROVIDING VETERANS BENEFITS. ALSO IDENTIFYING AND REACHING OUT TO VARIOUS COMMUNITY ORGANIZATIONS NEEDING ASSISTANCE AND FUNDING TO CARRY OUT THEIR MISSION WITH INTEREST IN THOSE PROGRAMS THAT INCLUDE VETERANS OF FOREIGN WARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Wood President | OfficerTrustee | 2 | $0 |
John Larney Treasurer | OfficerTrustee | 2 | $0 |
William Lebeau Secretary And Clerk | OfficerTrustee | 2 | $0 |
Jeff Najarian Director | Trustee | 2 | $0 |
Jimmy Morrissey Director | Trustee | 0 | $0 |
Mike Raymond Director | Trustee | 2 | $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 | $123,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,374 |
| Total Program Service Revenue | $0 |
| Investment income | $16,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,199 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,711 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,509 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $576,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,415 |
| 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 | $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 | $588,415 |
| Total liabilities and net assets/fund balances | $588,415 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Of Foreign Wars Department Of Massachusetts has recieved totaling $25,300.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advisors Charitable Gift Fund Inc Woburn, MA | $25,560,118 | $6,290,034 |
The Afsm Foundation New Haven, CT | $1,606,071 | $1,000,000 |
Constructive Dialogue Institute Inc New York, NY | $2,018,471 | $1,187,467 |
Shekel Hakodesh Dsatmar Inc Monroe, NY | $92,066 | $1,180,269 |
Uwvc Foundation Inc New York, NY | $541,216 | $743,045 |
Harpswell Foundation Concord, MA | $9,704,680 | $1,497,581 |
Milford Community Media Center Inc Milford, MA | $557,673 | $474,965 |
Np Minneapolis Industrial Llc Boston, MA | $18,987,088 | $1,225,241 |
Gateway Demonstration Assistance Corporation Brooklyn, NY | $54,240 | $0 |
New York State Local Government Services Corporation Albany, NY | $2,522,500 | $0 |
Ims Foundation Brooklyn, NY | $12,335 | $250,000 |
Children Of Long Island Inc Moriches, NY | $1,474,750 | $1,240,000 |