Amvets Charities Inc
- Assets
- $2.5m
- Revenue
- $301.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lanham, MD
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 52-1151181
Organization Overview
Amvets Charities Inc is located in Lanham, MD. The organization was established in 1980. 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 Charities 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 12/2021, Amvets Charities Inc generated $301.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $171.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Amvets Charities Inc has awarded 19 individual grants totaling $951,126. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST VETERANS OF THE UNITED STATES OF AMERICA, BY ASSISTING THOSE ORGANIZATIONS THAT ASSIST VETERANS AND BY OPERATING THE CARILLON PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TORTORELL TRUST - LOCAL SUPPORT: CLARENCE G. TORTORELL WAS A MEMBER OF AMVETS POLICE POST 18-IL. AMVETS CHARITIES IS A BENEFICIARY OF HIS TRUST MANAGED BY NORTHERN TRUST. INCOME DERIVED FROM THIS TRUST IS SHARED EQUALLY BY AMVETS CHARITIES AND AMVETS POLICE POST 18. THE INCOME IS USED TO PROVIDE GRANTS AND SUPPORT TO THE VETERANS AT THE AMVETS POLICE POST 18 IN ILLINOIS.
THE CARILLON PROGRAM OPERATES TO HONOR THOSE DEVOTED MEN AND WOMEN WHO SERVED WITH HONOR AND ARE NOW DECEASED. THE BELLS ARE A LIVING MEMORIAL AND SERVE TO REMIND US OF THE LEGACY AND OF OUR DEBT TO THOSE WHO FOUGHT TO PRESERVE FREEDOM THROUGHOUT THE WORLD. THESE CHIMES ARE HEARD THROUGHOUT MANY NATIONAL CEMETERIES IN THE COUNTRY.
SPECIAL OLIMPICS OF NORTH AMERICA GRANT TO SUPPORT SELECTED PARTICIPANTS' TRAVEL AND SPORTING KIT EXPENSES.
THE ORGANIZATION PROVIDES "HEALING HEROES" GRANTS TO AID THE FAMILIES OF VETERANS WHO HAVE BEEN INJURED. THIS ALLOWS THE FAMILIES TO REMAIN CLOSE TO THEIR HEALING LOVED ONES AS THEY RECUPERATE BY HELPING WITH TRANSPORTATION, LODGING, CHILD CARE, AND FOOD COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Brown III Pnc President | OfficerTrustee | 1 | $0 |
Harold Chapman Pnc Treasurer | OfficerTrustee | 1 | $0 |
Charles Kissel Secretary | OfficerTrustee | 1 | $0 |
Joseph R Chenelly Executive Director | Officer | 1 | $0 |
Daniasha White Chief Financial Officer | Officer | 1 | $0 |
Richard Vannatta Trustee | Trustee | 1 | $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 | $263,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,763 |
| Total Program Service Revenue | $0 |
| Investment income | $36,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,968 |
| 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 | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,216 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98 |
| 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 | $171,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,464,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $98,867 |
| 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 | $7,000 |
| Investments—publicly traded securities | $878,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,009 |
| Total assets | $2,526,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,845 |
| 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 | $50,845 |
| Net assets without donor restrictions | $2,460,357 |
| Net assets with donor restrictions | $15,000 |
| 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 | $2,526,202 |
Grants Awarded
Over the last fiscal year, Amvets Charities Inc has awarded $88,968 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMVETS POLICE POST 18 PURPOSE: TORTORELL TRUST - LOCAL BRANCH SUPPORT | $73,968 |
Washington, DC PURPOSE: SUPPORT FOR THE SPECIAL OLYMPICS NORTH AMERICA 2022 UNIFIED BOWLING NATIONAL TOURNAMENT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amvets Charities Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Allstate Foundation Northbrook, IL PURPOSE: EMPLOYEE HELPING HANDS GRANT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Emergency Relief Arlington, VA | $416,891,741 | $42,370,093 |
Disabled Veterans National Foundation Lanham, MD | $4,002,703 | $34,751,168 |
Navy-Marine Corps Relief Society Arlington, VA | $160,427,961 | $29,210,374 |
Military Officers Association Of America Alexandria, VA | $184,530,638 | $38,032,797 |
Military Order Of The Purple Heart Service Foundation Inc Annandale, VA | $2,548,586 | $20,677,650 |
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
Veterans Multi-Service Center Inc Philadelphia, PA | $4,990,474 | $14,923,218 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
Vietnam Veterans Of America Inc Silver Spring, MD | $22,711,920 | $10,930,074 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |