Amvets
- Assets
- $1.7m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 30
- Location
- Harrisonburg, VA
- Founding
- 05/1945
- Data as of
- 12/2022
- 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 12/2022, Amvets employed 30 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 12/2022, Amvets generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $16.1m during the year ending 12/2022. While expenses have increased by 56.4% 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
2022
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 |
|---|---|---|---|
William Helyer Trustee | Trustee | $0 | |
Donae Lam Commander | Trustee | $0 | |
Grattan Mcdorman Trustee & Pr | Trustee | $0 | |
Michael Deavers Judge Advoca | Officer | $0 | |
Anthony Dunlow 1st Vice Com | Officer | $0 | |
Michael Goble 2nd Vice Com | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,098 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,280 |
| Total Program Service Revenue | $16,470,085 |
| 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 | $16,515,365 |
| 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 | $11,974 |
| 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 | $282,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,518 |
| 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 | $11,452 |
| Advertising and promotion | $910 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,626 |
| Travel | $527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,270 |
| Insurance | $11,574 |
| All other expenses | $3,921 |
| Total functional expenses | $16,141,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,109 |
| Savings and temporary cash investments | $398,104 |
| 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 | $18,243 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,022,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,610 |
| Total assets | $1,703,166 |
| Accounts payable and accrued expenses | $3,843 |
| 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 | $133,988 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,685 |
| Total liabilities | $146,516 |
| 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 | $901,070 |
| Total liabilities and net assets/fund balances | $1,703,166 |
Grants Awarded
Over the last fiscal year, Amvets has awarded $6,685 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA REBELS | | | $250 |
BRIDGEWATER FIRE DEPT | | | $50 |
HARRISONBURG TURKS | | | $1,000 |
WATER FARM | | | $1,500 |
MIRACLE NETWORK | | | $800 |
WOUNDED WARRIORS | | | $250 |