Veterans Of Foreign Wars Department Of Arkansas
- Assets
- $209.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, AR
- Founding
- 02/1965
- Data as of
- 12/2023
- EIN
- 71-0599151
Organization Overview
Veterans Of Foreign Wars Department Of Arkansas is located in Salem, AR. The organization was established in 1965. 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. Veterans Of Foreign Wars Department Of Arkansas 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 12/2023, Veterans Of Foreign Wars Department Of Arkansas generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.1%) each year. All expenses for the organization totaled $21.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (44.2%) per year over the past 2 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 Program Activity:
Part 3
PROVIDED EMOTIONAL AND FINANCIAL SUPPORT TO VETERANS AS NEEDED AND AWARDED SCHOLARSHIPS TO ENCOURAGE CONTINUING EDUCATION TO PROMISING AREA TALENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Lowmon Commander | 0 | $0 | |
Chester P Richmond Senior Vice Commande | 0 | $0 | |
Nick Romane Blanton Junior Vice Commande | 0 | $0 | |
John M Jarman Quartermaster | 0 | $0 | |
Michael J Dinoto Chaplain | 0 | $0 | |
Seth A Lewis 1 Yr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,911 |
| Total Program Service Revenue | $0 |
| Membership dues | $968 |
| Investment income | $617 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $28,370 |
| Other Revenue | $8,175 |
| Total Revenue | $42,041 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $3,306 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,396 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,820 |
| Total expenses | $21,522 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,627 |
| Other assets | $0 |
| Total assets | $209,063 |
| Total liabilities | $188,544 |
| Net assets or fund balances | $20,519 |