Mt Carmel Veterans Service Center
- Assets
- $2.4m
- Revenue
- $3.4m
- Investments
- $107.3k
- Employees
- 62
- Location
- Colorado Springs, CO
- Founding
- 04/2016
- Data as of
- 03/2023
- EIN
- 81-1652178
Organization Overview
Mt Carmel Veterans Service Center is located in Colorado Springs, CO. The organization was established in 2016. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 03/2023, Mt Carmel Veterans Service Center employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Carmel Veterans Service Center 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 03/2023, Mt Carmel Veterans Service Center generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $3.3m during the year ending 03/2023. While expenses have increased by 19.5% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLABORATE WITH COMMUNITY PARTNERS PROVIDING BEST PRACTICES IN TRANSITION AND WELLNESS FOR VETERANS, MILITARY AND THEIR FAMILIES BY DELIVERING EXPERTISE, RESOURCES, SPACE AND SUSTAINABILITY. THIS IS ACCOMPLISHED BY PROVIDING A ONE-STOP SHOP FOR A VARIETY OF SERVICES SUCH AS BEHAVIORAL HEALTH COUNSELING, EMPLOYMENT AND TRANSITION SUPPORT, JOB PLACEMENT AND INTERNSHIPS, BENEFIT SUPPORT, HOUSING ASSISTANCE, FINANCIAL COACHING, AND LEGAL AND EDUCATION ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS CAREER & EMPLOYMENT - PROVIDES SERVICES TO TRANSITIONING MILITARY MEMBERS THROUGH AN INTENSIVE FOCUS ON EMPLOYMENT VIA TRAINING, EDUCATION RESOURCES, COMMUNITY GROUPS, WORKSHOPS, SEMINARS, AND NETWORKING OPPORTUNITIES THAT HAVE BEEN PROVEN IN FINDING GAINFUL EMPLOYMENT.
VETERANS & FAMILY RESOURCE CENTER - MT. CARMEL PROVIDES A VAST ARRAY OF RESOURCES AND ASSISTANCE IN AREAS SUCH AS HOUSING, FINANCIAL COACHING, VA MORTGAGE EDUCATION, AND FINANCING AND LEGAL ASSISTANCE.
WELLNESS & TRANSITION - THROUGH PARTNERSHIPS WITH LOCAL UNIVERSITIES, MT CARMEL OFFERS A RANGE OF COUNSELING SERVICES FOR INDIVIDUAL COUPLES, FAMILIES AND CHILDREN. LIFE COACHING PROVIDES SUPPORT TO INDIVIDUALS WHO DESIRE SIGNIFICANT CHANGE IN THEIR LIVES. YOGA FOR VETERANS OFFERS CLIENTS A WAY FOR ACHIEVING HEALTH WELLNESS AND BALANCE. THE RETURNING MILITARY HEROES PROGRAM PROVIDES COUPLES A THREE-DAY RETREAT TO RELAX FROM THE STRESS OF MILITARY OF LIFE, WHERE THEY CAN ENJOY EACH OTHER'S COMPANY WITHOUT DISTRACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald D Cimino Chairman/trustee | OfficerTrustee | 2 | $0 |
Gina M Cimino President/trustee | OfficerTrustee | 10 | $0 |
Greg Garcia Trustee | Trustee | 2 | $0 |
Dave Palenchar Trustee | Trustee | 2 | $0 |
Angela Ann Cesario Secretary | OfficerTrustee | 2 | $0 |
Lou Mellini Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $368,991 |
| Related organizations | $0 |
| Government grants | $615,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,255,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,239,495 |
| Total Program Service Revenue | $260,998 |
| Investment income | $16,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$110,601 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,406,347 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,704,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,479 |
| Payroll taxes | $144,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,950 |
| Fees for services: Lobbying | $13,500 |
| Fees for services: Fundraising | $44,795 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,391 |
| Advertising and promotion | $144,383 |
| Office expenses | $108,875 |
| Information technology | $74,355 |
| Royalties | $0 |
| Occupancy | $230,072 |
| Travel | $41,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,729 |
| Insurance | $16,603 |
| All other expenses | $21,571 |
| Total functional expenses | $3,329,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,896 |
| Savings and temporary cash investments | $913,421 |
| Pledges and grants receivable | $227,189 |
| Accounts receivable, net | $246,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,750 |
| Prepaid expenses and deferred charges | $25,917 |
| Net Land, buildings, and equipment | $60,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $107,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $507,329 |
| Total assets | $2,359,471 |
| Accounts payable and accrued expenses | $211,517 |
| Grants payable | $0 |
| Deferred revenue | $1,916 |
| 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 | $500,602 |
| Total liabilities | $714,035 |
| Net assets without donor restrictions | $916,352 |
| Net assets with donor restrictions | $729,084 |
| 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 | $2,359,471 |