Veterans Of Foreign Wars Of The United States Dept Of Virginia
- Assets
- $2.9m
- Revenue
- $105.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Hillsville, VA
- Founding
- 05/1965
- Data as of
- 12/2019
- EIN
- 54-6058570
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Virginia is located in Hillsville, VA. The organization was established in 1965. 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 12/2018, Veterans Of Foreign Wars Of The United States Dept Of Virginia employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Of The United States Dept Of Virginia 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 12/2019, Veterans Of Foreign Wars Of The United States Dept Of Virginia generated $105.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $205.8k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER CAMARADERIE AMONG UNITED STATES VETERANS OF OVERSEAS CONFLICTS. TO SERVE OUR VETERANS, THE MILITARY, AND OUR COMMUNITIES. TO ADVOCATE ON BEHALF OF ALL VETERANS. OUR VISION IS TO ENSURE THAT VETERANS ARE RESPECTED FOR THEIR SERVICE, ALWAYS RECEIVE THEIR EARNED ENTITLEMENTS, AND ARE RECOGNIZED FOR THE SACRIFICES THEY AND THEIR LOVED ONES HAVE MADE ON BEHALF OF THIS GREAT COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO VARIOUS LOCAL ORGANIZATIONS AND INDIVIDUALS IN NEED.
HONORARY PROGRAMS FOR LOCAL VETERANS
TRAVEL FOR VISITS TO VETERANS HOSPITALS AND EXPENSES TO CONDUCT MILITARY RITES AT VETERANS' FUNERALS.
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 |
|---|---|---|---|
Sandra Terry Coble Commander | Trustee | 32 | $10,606 |
Donald A Trausneck Judge/adjutant | Officer | 10 | $3,178 |
Scott Lasorso Jr Commander | Trustee | 10 | $436 |
Willis H Minton Vice Commander | Officer | 20 | $0 |
Roger Nieghtski Chaplain | Officer | 5 | $0 |
Gary Adams Quartermaster | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,932 |
| Investment income | $3,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,522 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $82,874 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,360 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $347 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,376 |
| Office expenses | $16,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,456 |
| Travel | $2,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,785 |
| Interest | $0 |
| Payments to affiliates | $6,793 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,930 |
| All other expenses | $0 |
| Total functional expenses | $205,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,261 |
| Savings and temporary cash investments | $286,112 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,913,309 |
| Accounts payable and accrued expenses | $1,853 |
| 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 | $1,853 |
| Net assets without donor restrictions | $0 |
| 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 | $2,911,456 |
| Total liabilities and net assets/fund balances | $2,911,456 |
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 |
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 |