American Vets Group Foundation Inc
- Assets
- $4.1k
- Revenue
- $214.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Melville, NY
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 82-4574425
Organization Overview
American Vets Group Foundation Inc is located in Melville, NY. The organization was established in 2019. 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. American Vets Group Foundation Inc 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.
Since 2020, American Vets Group Foundation Inc has awarded 13 individual grants totaling $240,300. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS VETERANS AND ORGANIZATIONS THAT SUPPORT VETERANS. THE FOUNDATION DIRECTS SUPPORT OPPORTUNITIES TO SPECIFIC COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES DISTRIBUTIONS FORM THE EQUITY IN AMERICAN VETERANS GROUP, PBC. THE 25% EQUITY WAS GIFTED TO THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Franklin President | Trustee | 10 | $0 |
Stuart Berelson Member | Trustee | 1 | $0 |
William Frazier Member | Trustee | 1 | $0 |
Richard Laraway Member | Trustee | 1 | $0 |
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 | $214,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,043 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $214,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $209,600 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $549 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $210,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,124 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,124 |
| 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 | $90 |
| Total liabilities | $90 |
| 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 | $4,034 |
| Total liabilities and net assets/fund balances | $4,124 |
Grants Awarded
Over the last fiscal year, American Vets Group Foundation Inc has awarded $151,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: HELP VETERANS AND MILITARY SPOUSES FIND EMPLOYMENT THROUGH INTERSHIP PROGRAMS | $70,000 |
Colorado Springs, CO PURPOSE: SUPPORT TRANSITION/EMPLOYMENT PROGRAM | $20,000 |
Orlando, FL PURPOSE: TO SUPPORT AN EMPLOYMENT PROGRAM TO HELP TRANSITION FROM MILITARY SERVICE TO A CAREER IN THE GOLF INDUSTRY | $14,000 |
Nashville, TN PURPOSE: HELP VETERANS IN NASHVILLE TN REGION TO FIND EMPLOYMENT BY CONNECTING WITH LOCAL EMPLOYERS | $12,000 |
New York, NY PURPOSE: TO ASSIST STUDENT VETERANS WITH TOOLS TO DEVELOP PROFESSIONAL FOUNDATIONS | $10,000 |
Virginia Beach, VA PURPOSE: SUPPORT IMPACT FORUM CONFERENCE TO IMPROVE MENTAL HEALTH, EDUCATION & RESARCH FOR VETS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Veterans For Social Justice Inc Brooklyn, NY | $26,444,662 | $57,468,816 |
Massachusetts Military Support Foundation Inc Buzzards Bay, MA | $507,512 | $41,377,532 |
Veterans Multi-Service Center Inc Philadelphia, PA | $4,990,474 | $14,923,218 |
Soldier On Inc Pittsfield, MA | $26,254,508 | $13,386,266 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Coast Guard Foundation Inc Stonington, CT | $21,630,462 | $10,406,014 |
Usa Veteran And Military Support Foundation Inc Buzzards Bay, MA | $1,068 | $7,423,561 |
Veterans Leadership Program Of Western Pennsylvania Inc Pittsburgh, PA | $2,368,240 | $7,560,705 |
Veterans North East Outreach Center Inc Haverhill, MA | $8,243,940 | $5,723,835 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Army Aviation Association Of America Inc Monroe, CT | $11,637,681 | $3,912,077 |