Sons Of Confederate Veterans Inc
- Assets
- $14.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Columbia, TN
- Founding
- 08/2007
- Data as of
- 07/2023
- EIN
- 61-1522953
Organization Overview
Sons Of Confederate Veterans Inc is located in Columbia, TN. The organization was established in 2007. 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 07/2023, Sons Of Confederate Veterans Inc employed 12 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sons Of Confederate Veterans Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Sons Of Confederate Veterans Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.9m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DEFENSE, PROMOTION, AND EDUCATION OF THE HISTORY OF THE PERIOD BETWEEN 1861-1865
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS SERVICES AND ACTIVITIES AS DETAILED IN PART IX, COLUMN B AND NOT LISTED BELOW
PUBLICATION OF EDUCATION MAGAZINE WITH EMPHASIS ON HISTORY OF WAR BETWEEN STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenny Ramsey Anv Councilman | Officer | 4 | $0 |
James Hill Aot Commander | Officer | 4 | $0 |
Larry Mccluney Past Cic | Officer | 4 | $0 |
R Kevin Stone Anv Commander | Officer | 4 | $0 |
Charles Lauret Atm Councilman | Officer | 4 | $0 |
James Kennedy Chief Of Heritage Operations | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,483 |
| Membership dues | $821,593 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,424 |
| Total Program Service Revenue | $26,827 |
| Investment income | $435,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $122,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,045,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $288,845 |
| Pension plan accruals and contributions | $5,396 |
| Other employee benefits | $0 |
| Payroll taxes | $33,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $854 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,862 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,005 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,340 |
| Travel | $4,533 |
| 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 | $219,976 |
| Insurance | $80,517 |
| All other expenses | $738,255 |
| Total functional expenses | $1,864,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,157,365 |
| Inventories for sale or use | $157,286 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,274,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,331,369 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,390,122 |
| Accounts payable and accrued expenses | $83,347 |
| 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 | $2,157,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,240,712 |
| Net assets without donor restrictions | $12,149,410 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $14,390,122 |
Grants Awarded
Over the last fiscal year, Sons Of Confederate Veterans Inc has awarded $130,304 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HERITAGE DEFENSE EXPENDITURES PURPOSE: Education | $80,113 |
SAM DAVIS YOUTH CAMP PURPOSE: Education and Leadership Training | $36,572 |
STEPHEN LEE DILL INSTITUTE PURPOSE: Education and Leadership Training | $12,419 |
OTHER HISTORICAL DONATIONS PURPOSE: Education and Preservation | $1,200 |