Amvets
- Assets
- $605.8k
- Revenue
- $111.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Panama City, FL
- Founding
- 02/1954
- Data as of
- 12/2021
- EIN
- 59-2801229
Organization Overview
Amvets is located in Panama City, FL. The organization was established in 1954. 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 12/2021, Amvets employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amvets 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 12/2021, Amvets generated $111.0k 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 (8.3%) each year. All expenses for the organization totaled $144.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION FOR VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PURPOSES ACHIEVED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Tremaine Treasurer | Officer | 20 | $0 |
Presley Person Adjutant | Officer | 20 | $0 |
Alvin Schmidt Trustee Chair | Officer | 10 | $0 |
Robert Fry 1st Vice Cmmd | Officer | 10 | $0 |
Michael Lozon 2nd Vice Cmmd | Officer | 10 | $0 |
Rocky Bradford Commander | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,004 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,004 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,150 |
| Net Income from Gaming Activities | $49,339 |
| Net Income from Sales of Inventory | $52,336 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,472 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,325 |
| Office expenses | $12,449 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,253 |
| Travel | $280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,372 |
| Insurance | $10,627 |
| All other expenses | $0 |
| Total functional expenses | $144,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,044 |
| Savings and temporary cash investments | $0 |
| 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 | $432,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $605,767 |
| 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 | $2,533 |
| Total liabilities | $2,533 |
| 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 | $603,234 |
| Total liabilities and net assets/fund balances | $605,767 |
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Veterans Empowerment Organization Of Georgia Inc Atlanta, GA | $5,110,799 | $3,778,915 |
Herobox Inc Peachtree City, GA | $304,478 | $2,248,382 |
Florida Is For Veterans Inc Tallahassee, FL | $751,359 | $2,131,929 |
Coming Home Foundation Jupiter, FL | $108,984 | $1,903,875 |
Still Serving Vets Huntsville, AL | $1,067,299 | $1,618,512 |
American Legion Saint Petersburg, FL | $4,958,464 | $1,845,913 |
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Warrior Alliance Inc Atlanta, GA | $548,665 | $766,609 |
Veterans Of Foreign Wars Of The United States Dept Of Florida Ocala, FL | $9,010,072 | $1,574,934 |