Military Wellness Initiative
- Assets
- $2.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 47-4001293
Organization Overview
Military Wellness Initiative is located in Dallas, TX. The organization was established in 2017. 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. Military Wellness Initiative 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 12/2021, Military Wellness Initiative generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 22.5% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ACCESS TO TOOLS AND RESOURCES TO MANAGE HEALTH AND HEALTH CARE OPTIONS, TO INCLUDE WEARABLE DEVICES, HEALTH RISK ASSESSMENTS, AND HEALTH MONITORING AND IMPROVEMENT PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shelton Chairman Of | 5 | $0 | |
Thomas Ellison President/vi | 5 | $0 | |
Joe Arnaldo COO | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neptune Holding | 12/30/21 | $711,678 |
Third Floor Media | 12/30/21 | $516,000 |
Fusionexe | 12/30/21 | $177,924 |
Blank Rome Llp | 12/30/21 | $94,233 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| 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 | $3,500,000 |
| Total Revenue | $3,600,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $62,300 |
| Travel, conferences, and meetings | $8,911 |
| Printing and publications | $0 |
| Other expenses | $1,000,266 |
| Total operating and administrative expenses | $3,028,612 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,028,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,419,809 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,900 |
| Total assets | $2,428,709 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Military Wellness Initiative has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Texas Rangers Baseball Foundation Arlington, TX PURPOSE: GENERAL SUPPORT | $20,000 |
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 |