Final Salute Inc
- Assets
- $457.5k
- Revenue
- $396.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Haymarket, VA
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 80-0660380
Organization Overview
Final Salute Inc is located in Haymarket, VA. The organization was established in 2011. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Final Salute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Final Salute 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 12/2022, Final Salute Inc generated $396.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $516.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRANSITIONAL HOUSING FOR HOMELESS FEMALE VETERANS AND THEIR CHILDERN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE H.O.M.E & S.A.F.E PROGRAM CATEGORY THE H.O.M.E. PROGRAMPROVIDES TRANSITIONAL HOUSING, ON-SITE CASE MANAGEMENT, FOOD, CLOTHING, TRANSPORTATION, CHILDCARE SUBSIDY/ASSISTANCE, EMPLOYMENT SUPPORT, AND OTHER ESSENTIAL SUPPORT SERVICES TO HOMELESS WOMEN VETERANS AND THEIR CHILDREN. DURING THE 2022 YEAR, THE HOUSE HAS BEEN CLOSED PER FEDERAL CDC GUIDELINES DUE TO COVID-19 PANDEMIC. WE HOWEVER SUPPORTED H.O.M.E APPLICANTS THROUGH OUR S.A.F.E PROGRAM BY AIDING IN PREVENTION OF HOMELESSNESS. ADDITIONALLY,THE CARES ACT, WAS PASSED BY CONGRESS DURING OUR HOME CLOSURE, PROVIDED CERTAIN PROTECTIONS FOR MOST TENANTS IN FEDERALLY SUBSIDIZED OR FEDERALLY BACKED HOUSING, INCLUDING LIMITS ON EVICTIONS AND FEES FOR NOT BEING ABLE TO MAKE THEIR PAYMENTS."THE S.A.F.E. PROGRAMPROVIDES EMERGENCY FINANCIAL SUPPORT BY ASSISTING WITH PAST DUE RENT, SECURITY DEPOSITS AND UTILITY ASSISTANCE. S.A.F.E. ALSO VALUABLE PROVIDES INDIRECT RESOURCES ON SAVING, BUDGETING, AND LIVING ON A FIXED INCOME. THROUGHOUT 2022, THE S.A.F.E. PROGRAM ASSISTED138 FEMALE VETERANS AND 315 CHILDREN WITH EMERGENCY FINANCIAL ASSISTANCE. AN ADDITIONAL 137 WOMEN VETERANS AND 151 CHILDREN WERE PROVIDED FINANCIAL EDUCATION AND BUDGETING RESOURCES.
THE NEXT UNIFORM PROGRAMPROVIDES SUPPORT FOR WOMEN VETERANS AND MILITARY WOMEN IN TRANSITION TO THE CIVILIAN WORKFORCE. FINAL SALUTE INCORPORATED PROVIDES FREE OF CHARGE PROFESSIONAL BUSINESS ATTIRE, DRESS SHOES, ACCESSORIES, MAKE-OVERS, IMAGE CONSULTING, AND PROFESSIONAL HEADSHOTS. DURING 2022, THIS PROGRAM WAS PAUSED UNTIL 2023 PER FEDERAL CDC GUIDELINES RELATED TO THE COVID-19 PANDEMIC.
MS. VETERAN AMERICAIS FINAL SALUTE INC'S LARGEST AWARENESS CAMPAIGN FOR OUR MISSION, PROGRAMS AND SERVICES. MS. VETERAN AMERICA CULMINATES IN OUR ANNUAL FLAGSHIP EVENT, THE MS. VETERAN AMERICA COMPETITION, WHERE AN AMBASSADOR IS SELECTED TO REPRESENT THE ORGANIZATION AS A COMMUNITY SPOKESPERSON/ADVOCATE. THIS EVENT ALSO HONORS THE SERVICE AND SACRIFICE OF OUR NATION'S WOMEN CURRENTLY IN MILITARY SERVICE AND WOMEN VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Albritton Director | Trustee | 5 | $0 |
Jocelyn Colvin-Donald Director | Trustee | 10 | $0 |
Brian Drummond Chair | OfficerTrustee | 10 | $0 |
Gary Mcinturff Director | Trustee | 5 | $0 |
Michele S Jones Director | Trustee | 5 | $0 |
Robert Steere Executive Director | OfficerTrustee | 40 | $26,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $396,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,855 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,858 |
| 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. | $80,833 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,530 |
| Payroll taxes | $7,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,712 |
| Office expenses | $17,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,718 |
| Insurance | $6,357 |
| All other expenses | $28,901 |
| Total functional expenses | $516,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,678 |
| Net Land, buildings, and equipment | $420,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,534 |
| Accounts payable and accrued expenses | $25,203 |
| 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 | $124,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,851 |
| Net assets without donor restrictions | $0 |
| 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 | $307,683 |
| Total liabilities and net assets/fund balances | $457,534 |