Veterans Of Foreign Wars Of The United States Dept Of Florida
- Assets
- $70.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- Lake Placid, FL
- Founding
- 08/1964
- Data as of
- 06/2023
- EIN
- 59-3072022
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Florida is located in Lake Placid, FL. The organization was established in 1964. 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 06/2023, Veterans Of Foreign Wars Of The United States Dept Of Florida employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Of The United States Dept Of Florida 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 06/2023, Veterans Of Foreign Wars Of The United States Dept Of Florida generated $58.7k 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 (13.1%) each year. All expenses for the organization totaled $19.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (26.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION FOR VETERANS TO RECEIVE SOCIAL, PHYSICAL AND FINANCIAL SUPPORT.
Describe the Organization's Program Activity:
Part 3
SUPPORT EXPENSES FOR THE ENTERTAINMENT AND WELFARE OF THE MEMBERSHIP ARE NECESSARY I.E. WAGES OF PERSONNEL TO ACCOMPLISH PROGRAM SERVICES WHICHALSO INCLUDE PAYROLL TAXES, INSURANCE, LICENSES AND PERMITS, CABLE TV, REPAIRS AND MAINTENANCE, MERCHANDISE FOR MEMBERS TO PURCHASE PERTAINING TO THE ORGANIZATION.
GAMES ARE PROVIDED TO ALL MEMBERS EACH DAY.
CANTEEN IS OPEN 7 DAYS A WEEK TO MEMBERS AND GUESTS.RECREATIONAL ACTIVITIES ARE PLANNED FOR EACH DAY.
KITCHEN IS OPEN FOR LIMITED SERVICE EACH DAY. DINNERS AND BREAKFASTS ARE PROVIDED FOR SPECIAL OCCASIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman F Richardson Trustee, 1 Year | 2 | $0 | |
Stephen M Dean Trustee, 2 Year | 2 | $0 | |
Anders P Gabrielson Trustee, 3 Year | 2 | $0 | |
David Cahill Commander | 15 | $0 | |
Charles Towe Sr Vice Commander | 5 | $0 | |
Daniel Bauer Jr Vice Commander | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,354 |
| Total Program Service Revenue | $154 |
| Membership dues | $1,180 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,550 |
| Other Revenue | $0 |
| Total Revenue | $58,734 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,220 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $235 |
| Other expenses | $17,957 |
| Total expenses | $19,912 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,034 |
| Other assets | $0 |
| Total assets | $70,910 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,910 |