Veterans Of Foreign Wars Of The United States Dept Of Texas
- Assets
- $11.6m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Austin, TX
- Founding
- 09/1982
- Data as of
- 06/2023
- EIN
- 74-0964465
Organization Overview
Veterans Of Foreign Wars Of The United States Dept Of Texas is located in Austin, TX. The organization was established in 1982. 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 Texas employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Of The United States Dept Of Texas 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 Texas generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $8.6m during the year ending 06/2023. While expenses have increased by 26.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Veterans Of Foreign Wars Of The United States Dept Of Texas has awarded 149 individual grants totaling $727,317. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING VETERANS, MILITARY PERSONNEL AND THEIR FAMILIES, ADVOCACY FOR VETERANS AND ACTIVE DUTY PERSONNEL, HISTORICAL EDUCATION AND COMMEMORATION, PROMOTING PATRIOTISM, YOUTH ACTIVITIES AND COMMUNITY SERVICE. SEE SUPPLEMENTAL INFORMATION ATTACHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS SERVICE ACTIVITIES - THE TEXAS VFW MISSION INCLUDES THE MANDATE TO PRESERVE AND STRENGTHEN COMRADESHIP AMONG VETERANS AND TO PROVIDE ASSISTANCE TO THEM, THEIR WIDOWS AND ORPHANS. TO MEET THIS OBLIGATION, THE TEXAS VFW DELIVERS A BROAD RANGE OF PROGRAMS AND SERVICES TO VETERANS THROUGH AN ORGANIZATIONAL STRUCTURE THAT EXTENDS TO POSTS IN COMMUNITIES THROUGHOUT THE COUNTRY. AT THE STATE LEVEL, THE DEPARTMENT SERVICE OFFICER PLAYS A KEY ROLE IN ASSISTING VETERANS IN DEALING WITH THE DEPARTMENT OF VETERANS AFFAIRS AND OTHER AGENCIES. THESE OFFICERS ARE FORMALLY TRAINED AND ACCREDITED TO REPRESENT BOTH MEMBER AND NON-MEMBER VETERANS AND THEIR DEPENDENTS OR SURVIVORS IN APPLYING FOR AND OBTAINING DEPARTMENT OF VETERANS AFFAIRS (VA) BENEFITS. SEE ATTACHMENT FOR ADDITIONAL INFORMATION.
COMMUNITY SERVICE AND PUBLIC AWARENESS - COMMUNITY SERVICE IS A MAJOR PRIORITY OF THE TEXAS VFW. THE TEXAS VFWS MISSION INCLUDES MAINTAINING TRUE ALLEGIANCE TO THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND FIDELITY TO ITS CONSTITUTION AND LAWS, FOSTERING TRUE PATRIOTISM AND LOVE OF COUNTRY, AND MAINTAINING AND EXTENDING THE INSTITUTIONS OF AMERICAN FREEDOM. TO FULFILL THESE OBJECTIVES, THE TEXAS VFW HAS A COMPREHENSIVE SET OF EDUCATIONAL AND INFORMATIONAL PROGRAMS, MATERIALS, AND ACTIVITIES THAT REACH OUT TO EVERY AMERICAN VIRTUALLY EVERY DAY OF THE YEAR. THE MAJOR ELEMENTS OF TEXAS VFW COMMUNITY SERVICE INCLUDE COMMUNITY ACTIVITIES, CITIZENSHIP EDUCATION, SAFETY PROGRAMS, AND YOUTH ACTIVITIES. SEE SUPPLEMENTAL INFORMATION ATTACHMENT.
FRATERNAL ACTIVITIES AND MEMBER SERVICES - FRATERNAL ACTIVITIES AND MEMBER SERVICES ARE VITAL SUPPORT COMPONENTS TO THE TEXAS VFW STATE HEADQUARTERS AS IT WORKS TO ACCOMPLISH THE VFW MISSION AT STATE AND LOCAL LEVELS. THIS SUPPORT INCLUDES GRANTS OF $80,824 AND TRAINING TO PROVIDE LEADERSHIP AND ADMINISTRATION WITH THE INFORMATION AND INCENTIVES NEEDED TO MOBILIZE VOLUNTEER EFFORTS IN LOCAL COMMUNITIES AROUND THE STATE OF TEXAS. THESE EFFORTS INCLUDE PATRIOTIC ACTIVITIES, COMMUNITY PROJECTS, YOUTH ACTIVITIES AND SUPPORT OF ACTIVE DUTY MILITARY PERSONNEL, GUARD AND RESERVES. THE TEXAS VFW STATE HEADQUARTERS ALSO PROVIDES DUES PROCESSING SERVICES, FUNDRAISING SERVICES, AND OTHER ADMINISTRATIVE SUPPORT TO ALLOW THE DISTRICT AND LOCAL LEVELS TO FOCUS THEIR RESOURCES ON VETERAN SERVICE AND COMMUNITY SERVICE ACTIVITIES. SEE SUPPLEMENTAL INFORMATION ATTACHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Lowrance Adjutantquartermaster | Officer | 55 | $102,077 |
Glenn Heady District Commander | Trustee | 5 | $0 |
John F Mageluzzo District Commander | Trustee | 5 | $0 |
Melvin R Parker District Commander | Trustee | 5 | $0 |
Xavier G Hernandez District Commander | Trustee | 5 | $0 |
Joel H Pipes District Commander | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $517,081 |
| Fundraising events | $6,976,194 |
| Related organizations | $0 |
| Government grants | $379,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,300,745 |
| Total Program Service Revenue | $0 |
| Investment income | $175,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,715 |
| Net Gain/Loss on Asset Sales | $1,144,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,636,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $213,601 |
| Grants and other assistance to domestic individuals. | $81,146 |
| 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 | $607,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $161,500 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,851 |
| Fees for services: Accounting | $10,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,870 |
| Advertising and promotion | $9,743 |
| Office expenses | $42,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,759 |
| Travel | $172,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,686 |
| Insurance | $71,539 |
| All other expenses | $539,125 |
| Total functional expenses | $8,556,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,664,859 |
| Savings and temporary cash investments | $1,246,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $424,408 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,598 |
| Net Land, buildings, and equipment | $158,705 |
| Investments—publicly traded securities | $5,335,209 |
| Investments—other securities | $0 |
| Investments—program-related | $2,741,486 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,582,700 |
| Accounts payable and accrued expenses | $291,002 |
| 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 | $291,002 |
| Net assets without donor restrictions | $10,184,215 |
| Net assets with donor restrictions | $1,107,483 |
| 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 | $11,582,700 |
Grants Awarded
Over the last fiscal year, Veterans Of Foreign Wars Of The United States Dept Of Texas has awarded $137,029 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
DISTRICT 2 PURPOSE: Veterans District & Post activities | $927 |
DISTRICT 3 PURPOSE: Veterans District & Post activities | $2,781 |
DISTRICT 4 PURPOSE: Veterans District & Post activities | $1,854 |
DISTRICT 1 PURPOSE: Veterans District & Post activities | $3,244 |
DISTRICT 5 PURPOSE: Veterans District & Post activities | $4,635 |
DISTRICT 6 PURPOSE: Veterans District & Post activities | $1,854 |