Veterans Of Foreign Wars Of The Vfw Nc Auxiliary
- Assets
- $199.9k
- Revenue
- $60.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Mocksville, NC
- Founding
- 09/1965
- Data as of
- 06/2021
- EIN
- 56-0561710
Organization Overview
Veterans Of Foreign Wars Of The Vfw Nc Auxiliary is located in Mocksville, NC. 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 06/2021, Veterans Of Foreign Wars Of The Vfw NC Auxiliary employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Of The Vfw NC Auxiliary is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Veterans Of Foreign Wars Of The Vfw NC Auxiliary generated $60.5k 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 (10.3%) each year. All expenses for the organization totaled $76.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITE AMERICANS FROM ALL WALKS OF LIFE WITH A COMMON PURPOSE: TO IMPROVE THE LIVES OF VETERANS, ACTIVE-DUTY MILITARY AND THEIR FAMILIES, AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS ARE DESIGNED TO BRING NEEDED SERVICES, INFORMATION, AND ASSISTANCE TO VETERANS, ACTIVE-DUTY MILITARY AND THEIR FAMILIES, AND OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Gilbert Treasurer | Officer | 40 | $7,800 |
Tracy Armstrong Secretary | Officer | 40 | $4,200 |
Sandra Johnson-Ley Sr. Vice Pre | Officer | 24 | $0 |
Amelia Bennett President | Officer | 40 | $0 |
Connie Holt Conductress | Officer | 6 | $0 |
Carol Cantu Jr. Vice Pre | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,999 |
| Investment income | $2,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $325 |
| All other expenses | $0 |
| Total functional expenses | $76,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,393 |
| Savings and temporary cash investments | $155,142 |
| 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 | $1,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,868 |
| Accounts payable and accrued expenses | $223 |
| Grants payable | $0 |
| Deferred revenue | $14,977 |
| 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 | $15,200 |
| 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 |
| Total liabilities and net assets/fund balances | $184,668 |
Grants Awarded
Over the last fiscal year, Veterans Of Foreign Wars Of The Vfw Nc Auxiliary has awarded $75,204 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER AID & RESEARCH | | | $41,987 |
MAYBERRY SCHOLARSHIP | | | $19,217 |
SPECIAL PROJECT FUND | | | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Of Foreign Wars Of The Vfw Nc Auxiliary has recieved totaling $9,384.
| Awarding Organization | Amount |
|---|---|
Veterans Of Foreign Wars Of The United States Kansas City, MO PURPOSE: VETERANS SERVICE & COMMUNITY SERVICE | $9,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Team Red White & Blue Inc Atlanta, GA | $10,402,897 | $10,336,911 |
Purple Heart Homes Inc Statesville, NC | $4,564,055 | $4,659,786 |
Fleet Reserve Association Alexandria, VA | $5,138,696 | $3,173,307 |