Amvets
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Harrisonburg, VA
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 54-2034572
Organization Overview
Amvets is located in Harrisonburg, VA. 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 12/2021, Amvets employed 23 individuals. This organization is a subordinate organization within 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 12/2021, Amvets generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 7.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICE TO VETERANS, TO INFORM VETERANS ADMINISTRATION BENEFITS AVAILABLE TO THEM AND TO REPRESENT THE VETERAN IN RECEIVING ASSISTANCE FROM THE VETERANS ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES FORVETERAN FAMILIES
BENEFIT OF VETERANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hansborough Treasurer/tr | Officer | 5 | $19,600 |
Juanita Dean-Mclean 1st Vice Com | Officer | $0 | |
Anthony Dunlow Provost Mars | Officer | $0 | |
Doane Lam Commander | Trustee | $0 | |
William Helyer Trustee/2nd | Trustee | $0 | |
Jay Marts Adjutant/ Ju | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,568 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,846 |
| Total Program Service Revenue | $1,670,175 |
| Investment income | $0 |
| 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 | $1,818,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $15,437 |
| 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 | $259,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,964 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,082 |
| Advertising and promotion | $438 |
| Office expenses | $4,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,335 |
| Travel | $1,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,428 |
| Insurance | $10,494 |
| All other expenses | $4,300 |
| Total functional expenses | $1,446,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,501 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,677 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,065,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,510 |
| Total assets | $1,538,358 |
| Accounts payable and accrued expenses | $5,102 |
| 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 | $333,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,673 |
| Total liabilities | $347,894 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $645,580 |
| Retained earnings, endowment, accumulated income, or other funds | $534,884 |
| Total liabilities and net assets/fund balances | $1,538,358 |
Grants Awarded
Over the last fiscal year, Amvets has awarded $6,685 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
WATER FARM | | | $1,500 |
HARRISONBURG TURKS | | | $1,000 |
AMERICAN CANCER | | | $935 |
MIRACLE NETWORK | | | $800 |
HARRISONBURG RESCUE | | | $500 |
HARRISONBURG FIRE | | | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
American Legion Bowling Green, KY | $1,050,755 | $11,898,405 |
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 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Caring For Military Families The Elizabeth Dole Foundation Washington, DC | $8,548,001 | $7,173,277 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |