Amvets
- Assets
- $8.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Lanham, MD
- Founding
- 05/1945
- Data as of
- 08/2022
- EIN
- 53-0176836
Organization Overview
Amvets is located in Lanham, MD. The organization was established in 1945. 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 08/2022, Amvets employed 23 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Amvets 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 08/2022, Amvets generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $3.3m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
PROVIDE SUPPORT FOR VETS/ MILITARY THAT ENHANCE THE QUALITY OF LIFE FOR CITIZENS/VETS ALIKE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAL: TO ENSURE VETERANS WITH MEDICAL NEEDS RECEIVE THE HELP THEY HAVE EARNED TO ACCESS THE BEST QUALITY HEALTHCARE, INCLUDING MENTAL HEALTH AND SPECIALIZED SERVICES (TRAUMATIC BRAIN INJURY, POLYTRAUMA, POST-TRAUMATIC STRESS) AND LIVE LONGER, HEALTHIER LIVES.
MEMBERSHIP: PROVIDES SUPPORT SERVICES FOR APPROXIMATELY 1,075 LOCAL POSTS FOR THE BENEFIT OF THE INDIVIDUAL MEMBERS, AND HELPS MAKE PROGRAMS AND SERVICES AVAILABLE TO VETERANS, ACTIVE DUTY AND RESERVE ARMED FORCES.
CAREER CENTER: PROVIDES FREE-OF-CHARGE CAREER TRAINING AND EMPLOYMENT ASSISTANCE FOR VETERANS AND SERVICE MEMBERS FROM THE ACTIVE, GUARD AND RESERVE, AND THEIR SPOUSES. WE ARE STAFFED BY VOLUNTEERS, WHO WILL REACH OUT TO THE LOCAL COMMUNITY AND COMPANIES BIG AND SMALL TO MATCH JOB-SEEKING VETERANS WITH EMPLOYERS WHO ARE EAGER TO HIRE VETERANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Heun National Commander-See Sched. O | OfficerTrustee | 40 | $39,000 |
Donald Mclean National 1st Vice Commander | OfficerTrustee | 1 | $0 |
Bill Clark National 2nd Vice Commander | OfficerTrustee | 1 | $0 |
Paul Shipley National 3rd Vice Commander | OfficerTrustee | 1 | $0 |
Donald Stream National Fin. Officer | OfficerTrustee | 1 | $0 |
James B King National Judge Advocate | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Company Fundraising | 8/30/20 | $166,480 |
Nimitz Group Llc Consulting Services | 8/30/20 | $134,426 |
Magnet Direct Fundraising | 8/30/20 | $133,113 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $294,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,892,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,186,655 |
| Total Program Service Revenue | $863,678 |
| Investment income | $135,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $870 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $804,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,023,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,863 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,167,142 |
| Pension plan accruals and contributions | $58,914 |
| Other employee benefits | $159,877 |
| Payroll taxes | $130,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,060 |
| Fees for services: Lobbying | $26,400 |
| Fees for services: Fundraising | $18,226 |
| Fees for services: Investment Management | $46,157 |
| Fees for services: Other | $150,012 |
| Advertising and promotion | $3,728 |
| Office expenses | $87,502 |
| Information technology | $260,734 |
| Royalties | $0 |
| Occupancy | $95,847 |
| Travel | $234,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,591 |
| Insurance | $19,500 |
| All other expenses | $22,083 |
| Total functional expenses | $3,257,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,034 |
| Savings and temporary cash investments | $886,995 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,554 |
| 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 | $262,761 |
| Investments—publicly traded securities | $7,391,641 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,703,985 |
| Accounts payable and accrued expenses | $804,937 |
| Grants payable | $0 |
| Deferred revenue | $27,600 |
| 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 | $832,537 |
| Net assets without donor restrictions | $7,248,724 |
| Net assets with donor restrictions | $622,724 |
| 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 | $8,703,985 |
Grants Awarded
Over the last fiscal year, Amvets has awarded $199,186 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PACIFIC HISTORIC PARKS PURPOSE: TO SUPPORT THE USS ARIZONA MEMORIAL | $176,186 |
WYOTECH PURPOSE: GIFT FOR VETERAN'S STUDENTS MOTORCYCLE PROJECT | $15,000 |
OHIO UNIVERSITY SPORTS ADMINISTRATION PURPOSE: RACE FOR REASON | $8,000 |