Vietnam Veterans Of America Inc
- Assets
- $663.8k
- Revenue
- $413.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 11/1984
- Data as of
- 02/2022
- EIN
- 52-1389463
Organization Overview
Vietnam Veterans Of America Inc is located in Detroit, MI. The organization was established in 1984. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Vietnam Veterans Of America Inc is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 02/2022, Vietnam Veterans Of America Inc generated $413.2k in total revenue. All expenses for the organization totaled $414.4k during the year ending 02/2022. While expenses have increased by 18.6% 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.
Since 2017, Vietnam Veterans Of America Inc has awarded 16 individual grants totaling $2,819,857. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DETROIT CHAPTER OF VIETNAM VETERANS OF AMERICA, INC. ORGANIZATION PROVIDES COMMUNITY SUPPORT AND FINANCIAL ASSISTANCE TO VETERANS AND OTHER CHARITIES WHO SUPPORT VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE & EDUCATIONAL ASSISTANCE TO VETERANS AND TO CHARITIES WHO SUPPORT VETERANS. ALSO DONATIONS TO OTHER CHARITIES AND THE COMMUNITY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gurtowsky Sr Secretary | Officer | $0 | |
Daniel Reynolds 1st Vice Pre | Officer | $0 | |
David Trevino 2nd Vice Pre | Officer | $0 | |
John E Mullins Treasurer | Officer | $0 | |
Paul Palazzolo President | Officer | $0 | |
George Adams Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,827 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,040 |
| Total Program Service Revenue | $0 |
| Investment income | $122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $413,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,475 |
| 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 | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,027 |
| Office expenses | $13,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,673 |
| Travel | $2,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,043 |
| All other expenses | $0 |
| Total functional expenses | $414,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,558 |
| Savings and temporary cash investments | $605,237 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $663,795 |
| 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 | $663,795 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $663,795 |
Grants Awarded
Over the last fiscal year, Vietnam Veterans Of America Inc has awarded $275,125 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF SE MICH PURPOSE: SCHOLARSHIPS | $250,000 |
DETROIT PUB SCHOOLS FOUND PURPOSE: EQUIPMENT | $11,625 |
MICHIGAN VETERANS TRUST FUND PURPOSE: DONATION | $7,500 |
METRO DETROIT VETERANS COALITION PURPOSE: VETERANS DAY PARADE | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vietnam Veterans Of America Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Wayne And Joan Webber Foundation Clinton Township, MI PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Legion Indianapolis, IN | $141,288,704 | $82,016,470 |
American Legion Auxiliary Indianapolis, IN | $53,756,323 | $11,649,453 |
American Legion Indianapolis, IN | $6,888,018 | $3,332,697 |
American Legion Lansing, MI | $6,617,226 | $3,234,715 |
Michigan Veterans Foundation Inc Detroit, MI | $12,857,454 | $2,381,059 |
American Legion Portage, WI | $4,372,734 | $2,507,173 |
Veterans Of Foreign Wars Dept Of Michigan Lansing, MI | $3,020,634 | $1,962,824 |
American Legion Department Of Ohio Inc Delaware, OH | $10,500,677 | $3,629,626 |
Veterans Education And Research Association Of Michigan Ann Arbor, MI | $5,729,968 | $2,127,500 |
Amvets Sheffield Lake, OH | $428,366 | $1,416,988 |
Disabled American Veterans Fraser, MI | $2,133,889 | $1,392,365 |
Veterans Of Foreign Wars Of The United States Dept Of Wisconsin Madison, WI | $1,702,327 | $1,105,490 |