Vietnam Veterans Of America Inc
- Assets
- $714.0k
- Revenue
- $49.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, WV
- Founding
- 11/1984
- Data as of
- 02/2022
- EIN
- 55-0715928
Organization Overview
Vietnam Veterans Of America Inc is located in Princeton, WV. 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 $49.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $41.8k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) 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
TO SERVE VETERANS, COMMUNITY, AND PROMOTE PATRIOTISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CHAPTER HOME SERVING 300 MEMBERS TO MEET,PLAN FUNCTIONS, PROMOTE PATRIOTISM & COMMUNITY, SERVE FOOD AT CHAPTER MEETING, PROVIDE FACILITIES FOR SEVERAL OTHER VET ORGANIZATIONS
PROVIDE CHRISTMAS DINNER CELEBRATION, VETERANS FALL PICNIC, & VETERANS DAY CELEBRATIONS, FLOWERS & FRUIT BASKETS TO HOSPITALIZED & ASSISTANCE TO NEEDY VETERANS
CONTINUE WORK ON FACILILTY(ARMORY) DONATED BY CITY OF PRINCETON JUNE 2015. CONTINUED UPDATING FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Taylor President | Officer | $0 | |
Jerry Midkiff Vice Presidn | Officer | $0 | |
Billy Mills Secretary | Officer | $0 | |
James Akers Treasurer | Officer | $0 | |
Tommy Roberts Director | Trustee | $0 | |
Art Terrill Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $720 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,185 |
| Total Program Service Revenue | $1,200 |
| Investment income | $2,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $546 |
| Grants and other assistance to domestic individuals. | $750 |
| 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 | $1,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $400 |
| Office expenses | $2,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,735 |
| Travel | $171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,985 |
| Interest | $0 |
| Payments to affiliates | $670 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $40 |
| Total functional expenses | $41,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,143 |
| Savings and temporary cash investments | $205,497 |
| 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 | $5,523 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $318,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $714,045 |
| 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 | $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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $714,045 |
| Total liabilities and net assets/fund balances | $714,045 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vietnam Veterans Of America Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Preservati Family Charitable Tr Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Veterans Leadership Program Of Western Pennsylvania Inc Pittsburgh, PA | $2,368,240 | $7,560,705 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |
Coast Guard Mutual Assistance Incorporated Arlington, VA | $53,600,951 | $7,292,457 |
Navy League Of The United States National Headquarters Arlington, VA | $72,874,046 | $1,354,328 |
American Legion Auxiliary Bowling Green, KY | $99,496 | $4,500,725 |
Disabled American Veterans Paid Time Off Plan And Tr Erlanger, KY | $4,127,164 | $2,957,196 |
Naval Academy Sailing Foundation Inc Annapolis, MD | $38,236,455 | $2,114,798 |