Amvets
- Assets
- $290.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hobe Sound, FL
- Founding
- 02/1954
- Data as of
- 06/2022
- EIN
- 65-0152985
Organization Overview
Amvets is located in Hobe Sound, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amvets 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 06/2022, Amvets generated $43.2k 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 (12.5%) each year. All expenses for the organization totaled $14.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (25.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Westervelt Commander | 6 | $0 | |
Chuk Singlelon First Vice | 4 | $0 | |
Jack Sermon Trustee | 8 | $0 | |
Richard Tetreault Finance | 14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,510 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,256 |
| Other Revenue | $0 |
| Total Revenue | $43,168 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,331 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $14,331 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,007 |
| Other assets | $0 |
| Total assets | $290,181 |
| Total liabilities | $0 |
| Net assets or fund balances | $290,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Team Red White & Blue Inc Atlanta, GA | $10,402,897 | $10,336,911 |
The American Legion Orlando, FL | $4,425,997 | $3,913,463 |
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 |
Sovereign Military Hospitaller Knights Of The Imperial Orders Inc Tampa, FL | $23 | $1,166,390 |
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 |
Veterans Recovery Resources Mobile, AL | $2,228,899 | $1,983,638 |