Delaware Veterans Inc
- Assets
- $1.1m
- Revenue
- $732.5k
- Investments
- $0.0
- Employees
- 26
- Location
- Wilmington, DE
- Founding
- 03/1959
- Data as of
- 12/2023
- EIN
- 51-0081490
Organization Overview
Delaware Veterans Inc is located in Wilmington, DE. The organization was established in 1959. 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 12/2023, Delaware Veterans Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Veterans Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Delaware Veterans Inc generated $732.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $772.1k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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 PROMOTE THE WELFARE OF VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAR (BEER AND LIQUOR SALES) - A LOUNGE AND HALL IS PROVIDED FOR MEMBERS.
REPAIRS & MAINTENANCE - HAVE A SAFE PLACE WHERE VARIOUS ORGANIZATIONS CAN HOLD MEETINGS (I.E. LITTLE LEAGUE TEAMS, COACHES, ETC.)
POOL EXPENSES - WE HAD MORE THAN 250 PEOPLE (MEMBERS AND FAMILIES) WHO TOOK PART IN OUR OUTDOOR SWIMMING ACTIVITIES.
SPONSORSHIPS AND DONATIONS - WE SPONSOR VARIOUS BASEBALL, SOFTBALL AND SWIMMING TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Onorato Commander | Officer | 0 | $0 |
John Pastor Vice-Commander | Officer | 0 | $0 |
Mark Schilling Secretary | Officer | 0 | $0 |
Michael Janes Treasurer | Officer | 0 | $0 |
Bill Conaway Treasurer-Elect | Officer | 0 | $0 |
Bill Allison Sergeant-At-Arms | 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 | $671,909 |
| Investment income | $93 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,514 |
| 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 | $732,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| 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 | $95,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,376 |
| Insurance | $9,928 |
| All other expenses | $152,290 |
| Total functional expenses | $772,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,395 |
| 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 | $6,635 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,018,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,133,295 |
| 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 | $76,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,019 |
| Total liabilities | $77,923 |
| 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 | $1,055,372 |
| Total liabilities and net assets/fund balances | $1,133,295 |