Veterans Of Foreign Wars Of The United States Department Of N C
- Assets
- $478.3k
- Revenue
- $114.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Southern Pines, NC
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 56-6068355
Organization Overview
Veterans Of Foreign Wars Of The United States Department Of N C, operating under the name John Boyd VFW Post 7318, is located in Southern Pines, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. John Boyd VFW Post 7318 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 12/2022, John Boyd VFW Post 7318 generated $114.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $92.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 3 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
FOSTER CAMARADERIE AMONG UNITED STATES VETERANS OF OVERSEAS CONFLICTS. SERVE OUR VETERANS, THE MILITARY, AND OUR COMMUNITIES. ADVOCATE ON BEHALF OF ALL VETERANS. OUR VISION IS TO ENSURE THAT VETERANS ARE RESPECTED FOR THEIR SERVICE, RECEIVE THEIR EARNED ENTITLEMENTS, AND ARE RECOGNIZED FOR THE SACRIFICES THEY AND THEIR LOVED ONES HAVE MADE ON BEHALF OF THIS GREAT COUNTRY. THE VFW IS AN ORGANIZATION OF WAR VETERANS COMMITTED TO ENSURING RIGHTS, REMEMBERING SACRIFICES, PROMOTING PATRIOTISM, PERFORMING COMMUNITY SERVICES AND ADVOCATING FOR A STRONG NATIONAL DEFENSE. OUR POST IS NAMED FOR JOHN BOYD, THE FIRST RESIDENT OF MOORE COUNTY TO BE LOST DURING WWII. THROUGHOUT OUR OVER 70 YEAR HISTORY HERE IN THE SANDHILLS OF NORTH CAROLINA, POST 7318 WORKS TO SUPPORT ALL SERVICE MEMBERS, IN THEIR LIVES AFTER SERVING OUR NATION. RENOVATING OUR CURRENT POST HOME IN 2015, WE HAVE BECOME A PREMIER LOCATION FOR VETERANS VISITING THE AREA. WE HAVE ROBUST VETERAN'S RELIEF SUPPORT SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATION OF FUNDS TO VETERANS RELIEF PROGRAMS, TO INCLUDE BUT NOT LIMITED TO INDIVIDUAL VETERANS IN DISTRESS, VA HOSPITALS AND CLINICS IN THE AREA, LOCAL HEALTH RESEARCH FACILITIES AND PROGRAMS, TBI AND PTSD PROGRAM SUPPORT, HOSPICE CARE, VFW NATIONAL HOME FOR CHILDREN. VETERANS MILITARY SUPPORT PROGRAM, CAMP LEJEUNE FISHER HOUSE, AND FORT BRAGG FISHER HOUSE. WE DONATE, RENT FREE, A LARGE OFFICE SPACE WITHIN THE POST TO THE MILITARY MISSION IN ACTION (MMIA), WHICH IS A PROGRAM SEPARATE TO THOSE OF THE VFW. PROVIDE MONETARY AND LABOR SUPPORT TO THE OTHER VFW POSTS PROGRAMS AND FUNDRAISERS. ASSIST IN MODIFYING DISABLED VETERANS HOMES WITH FUNDING AND LABOR SUPPORT. ALLOCATION OF FUNDS TO THE POSTS SUPPORT ELEMENTS - MILITARY ORDER OF THE COOTIES AND THE AUXILIARY.
ALLOCATION OF FUNDS FOR MIDDLE SCHOOL AND HIGH SCHOOL PROGRAMS, PATRIOTS PEN, VOICE OF DEMOCRACY, AND TEACHER OF THE YEAR. SUPPORT THE SCOUTS, EAGLE SCOUT PROGRAM, VFW NATIONAL HOME, AND COORDINATE THE MARINE CORPS TOYS FOR TOTS. PROVIDE A FREE OFFICE AND STORAGE FOR THE SCOUTS. ALLOCATION OF FUNDS ALSO TO THE JROTC PINECREST HIGH SCHOOL PROGRAM, LOCAL HIGH SCHOOL SPORTS TEAMS, SANDHILLS COMMUNITY COLLEGE SCHOLARSHIP, UNIVERSITY SCHOLARSHIPS, HOLIDAY FOOD BASKETS, ELKS CLUB CHILDREN'S FOUNDATION, THE NATIONAL VFW FOUNDATION, AND THE LOCAL CIVIL AIR PATROL.
PROVIDED SHELTER, FOOD, WATER, AND SECURITY FOR COMMUNITY MEMBERS DURING A COUNTY WIDE POWER OUTAGE AFTER SUBSTATIONS WERE ATTACKED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Carey 1 Year Trustee | Trustee | 3 | $0 |
Gary Freemal 2 Year Trustee | Trustee | 5 | $0 |
Gary Tully 3 Year Trustee | Trustee | 5 | $0 |
Craig Armstrong Commander | Officer | 20 | $0 |
Kevin Johnson Senior Vice Commander | Officer | 12 | $0 |
Catlyne Arreguin Junior Vice Commander | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,412 |
| Fundraising events | $63,306 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,239 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,735 |
| 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 | -$8,186 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $18,622 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,715 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,457 |
| Interest | $0 |
| Payments to affiliates | $6,390 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,269 |
| All other expenses | $4,926 |
| Total functional expenses | $92,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,492 |
| Savings and temporary cash investments | $60,974 |
| 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 |
| Net Land, buildings, and equipment | $381,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $478,346 |
| 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 | $478,346 |
| Total liabilities and net assets/fund balances | $478,346 |