Amvets
- Assets
- $396.9k
- Revenue
- $147.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, KY
- Founding
- 02/1954
- Data as of
- 06/2024
- EIN
- 61-1307963
Organization Overview
Amvets is located in Franklin, KY. 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. 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 06/2024, Amvets generated $147.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $106.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO PROVIDE SERVICES TO VETERANS AND THEIR FAMILIES, PROVIDE A FACILITY FOR SOCIAL INTERACTION AND VETERAN SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR THE LADIES AUXILIARY AND VETERAN RELATED SUPPORT FOR LOCAL VETERANS AND THEIR FAMILIES. THE POST PROVIDES A PLACE TO MEET, SOCIALIZE AND CENTRALIZE A SUPPORT SYSTEM FOR THE VETERAN COMMUNITY AND MEET LOCAL COMMUNITY NEEDS WITHIN ITS BY-LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Wright Commander | OfficerTrustee | 40 | $0 |
David Green 1st Vice President | OfficerTrustee | 40 | $0 |
James Hitt 2nd Vice President | OfficerTrustee | 20 | $0 |
Robert Caswell Adjutant | OfficerTrustee | 20 | $0 |
Steve Wright Judge Advocate | OfficerTrustee | 20 | $0 |
Jimmy Goosetree 1st Vice Pres | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $107,956 |
| 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 | $445 |
| Net Income from Gaming Activities | $24,437 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,572 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $606 |
| 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 | $10,400 |
| Fees for services: Legal | $955 |
| 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 | $1,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,948 |
| Travel | $1,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,152 |
| Insurance | $252 |
| All other expenses | $0 |
| Total functional expenses | $106,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,895 |
| 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 | $337,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $396,860 |
| 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 | $396,860 |
| Total liabilities and net assets/fund balances | $396,860 |