Montgomery County Veterans Memorial Commission
- Assets
- $1.2m
- Revenue
- $888.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Conroe, TX
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-3034563
Organization Overview
Montgomery County Veterans Memorial Commission is located in Conroe, TX. The organization was established in 2018. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Veterans Memorial Commission 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 12/2021, Montgomery County Veterans Memorial Commission generated $888.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $360.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICTED TO HONORING OUR HEROS, REMEMBERING OUR HISTORY, EDUCATING THE PUBLIC, AND BRINGING AWARENESS TO THE NEEDS OF OUR VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS HAS BEEN USED TO BUILD AND MAINTAIN MONTGOMERY COUNTY VETERANS MEMORIAL PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janeen Mcswain Director | Officer | 20 | $0 |
Jimmie C Edwards III Usmc Ret Chairman | Officer | 40 | $0 |
Michael L Durham Attorney At Law Director Of Legal Affairs | Officer | 2 | $0 |
Scott Bullitt Director For First Responders | Officer | 5 | $0 |
Sylvia Olszowy Director | Officer | 10 | $0 |
Commander Floyd Wayne Stewart Director Of Procurement | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $491,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $885,094 |
| Total Program Service Revenue | $3,757 |
| Investment income | $70 |
| 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 | $888,921 |
| 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 | $215 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,891 |
| Fees for services: Accounting | $10,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,390 |
| Office expenses | $5,466 |
| Information technology | $3,795 |
| Royalties | $0 |
| Occupancy | $11,473 |
| Travel | $0 |
| 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 | $44,117 |
| Insurance | $4,130 |
| All other expenses | $0 |
| Total functional expenses | $360,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,410 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $646,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,752 |
| Total assets | $1,214,065 |
| Accounts payable and accrued expenses | $683 |
| 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 | $683 |
| 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 | $1,213,382 |
| Total liabilities and net assets/fund balances | $1,214,065 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montgomery County Veterans Memorial Commission has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Marine Corps League Conroe, TX PURPOSE: BENEVOLENCE | $12,000 |
Endowment Analysis
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 |