Lake Belton Vfw 10377
- Assets
- $291.8k
- Revenue
- $430.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Belton, TX
- Founding
- 03/1965
- Data as of
- 06/2017
- EIN
- 74-2411547
Organization Overview
Lake Belton Vfw 10377 is located in Belton, TX. 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. As of 06/2017, Lake Belton Vfw 10377 employed 5 individuals. Lake Belton Vfw 10377 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 06/2017, Lake Belton Vfw 10377 generated $430.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 60.9% each year . All expenses for the organization totaled $400.5k during the year ending 06/2017. While expenses have increased by 60.2% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE VETERANS OF FOREIGN WARS IS DEDICATED TO THE PRESERVATION OF THE MEMORY OF THOSE WHO SERVED IN THE ARMED FORCES DURING PERIODS OF WAR. WE ARE HERE TO PROVIDE SUPPORT, FELLOWSHIP, AND SHOW OUR ALLEGIENCE WITH THOSE WHO HAVE FOUGHT TO PROTECT THIS GREAT NATION. WE WILLING SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE STATE VFW BY DONATIONS THROUGH THE V-SWEEPS DONATION ENDEVOR.
PROVIDED NEEDED SUPPORT THE AVAC WHICH IS THE AREA VETERANS ACTION COLLISION. THE FUNDS WERE USED BY AVAC TO PROVIDE ASSISTANCE TO OTHER NEEDY ORGANIZATIONS WHO DIRECTLY ASSIST VETERANS AND THIER FAMILIES.
ASSISTANCE PROVIDED TO POST MEMBERS IN NEED OF ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Vasquez Quatermaster | 20 | $10,400 | |
John P Burford Sr Vice Commander | Officer | 10 | $0 |
Charles A Cooper Commander | Officer | 10 | $0 |
Pedro Rodriquez Chaplin | Officer | 10 | $0 |
Paul L Koss Jr Vice Commander | Officer | 10 | $0 |
Henry Nunez Surgeon | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,349 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $302,010 |
| Net Income from Sales of Inventory | $39,377 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,146 |
| Statement of Expenses | |
|---|---|
| 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. | $10,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,673 |
| Fees for services: Management | $1,652 |
| Fees for services: Legal | $1,460 |
| 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 | $11,871 |
| Advertising and promotion | $442 |
| Office expenses | $160,462 |
| Information technology | $890 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,845 |
| All other expenses | $0 |
| Total functional expenses | $400,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,368 |
| 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 | $2,500 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $291,768 |
| 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 | $291,768 |
| 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 |
| Total liabilities and net assets/fund balances | $291,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gi Forum National Veterans Outreach Program Inc San Antonio, TX | $6,075,829 | $12,361,795 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Louisiana National Guard Foundation New Orleans, LA | $5,835,401 | $6,505,889 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
American Legion Clovis, NM | $323,823 | $3,104,581 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
American Legion Clovis, NM | $235,874 | $1,801,640 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |
Wish For Our Heroes Inc San Antonio, TX | $1,716,093 | $1,811,976 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |
Nextop Inc Houston, TX | $488,854 | $1,385,969 |