Veterans Of Foreign Wars Lake Murray Post 6740
- Assets
- $358.6k
- Revenue
- $56.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Leesville, SC
- Founding
- 07/1965
- Data as of
- 12/2022
- EIN
- 57-0817127
Organization Overview
Veterans Of Foreign Wars Lake Murray Post 6740 is located in Leesville, SC. 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. Veterans Of Foreign Wars Lake Murray Post 6740 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, Veterans Of Foreign Wars Lake Murray Post 6740 generated $56.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (44.3%) each year. All expenses for the organization totaled $84.2k during the year ending 12/2022. 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
ASSIST WORTHY COMRADES TO FOSTER TRUE PATRIOTISM TO PROVIDE COMRADESHIP FOR VETERANS OF FOREIGN WARS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATE TO RELIEF ORGANIZATIONS THAT SUPPORT VETERANS AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Watson Commander | Officer | $0 | |
Gary Landry Quartermaster | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,812 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,906 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,173 |
| 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 | $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 | $0 |
| Office expenses | $5,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,445 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,089 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,725 |
| All other expenses | $0 |
| Total functional expenses | $84,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,772 |
| Savings and temporary cash investments | $12,835 |
| 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 | $325,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $358,615 |
| 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 | $358,615 |
| 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 | $325,000 |
| Retained earnings, endowment, accumulated income, or other funds | $33,615 |
| Total liabilities and net assets/fund balances | $358,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Of Foreign Wars Lake Murray Post 6740 has recieved totaling $6,420.
| Awarding Organization | Amount |
|---|---|
Veterans Of Foreign Wars Of The United States Kansas City, MO PURPOSE: VETERANS SERVICE & COMMUNITY SERVICE | $6,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
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 |
Uso Of North Carolina Inc Morrisville, NC | $0 | $3,467,361 |
Veterans Empowerment Organization Of Georgia Inc Atlanta, GA | $5,110,799 | $3,778,915 |
The Congressional Medal Of Honor Society Of The United States Of Mount Pleasant, SC | $5,574,928 | $2,678,824 |
Herobox Inc Peachtree City, GA | $304,478 | $2,248,382 |
Warrior Alliance Inc Atlanta, GA | $548,665 | $766,609 |
Special Forces Assn Fayeteville, NC | $2,749,340 | $1,840,374 |
Veteran Golfers Association Pinehurst, NC | $986,950 | $1,293,247 |
Military Missions In Action Fuquay Varina, NC | $1,152,128 | $1,492,467 |
North Carolina National Guard Assn Raleigh, NC | $4,261,497 | $484,602 |