Veterans Club Inc
- Assets
- $422.1k
- Revenue
- $199.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-3873211
Organization Overview
Veterans Club Inc is located in Louisville, KY. The organization was established in 2019. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., 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. Veterans Club 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 12/2021, Veterans Club Inc generated $199.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $223.2k 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
OUR FOUNDATIONAL MISSION IS TO PROVIDE CONNECTION, HEALING, RECOVERY, HOUSING, AND EMPLOYMENT FOR THE VETERAN COMMUNITY. WE HAVE SEVERAL PROGRAMS THAT ALLOW US TO FACILITATE EACH OF THESE KEY INITIATIVES TO ENHANCE THE LIVES OF OUR COMMUNITIES VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FOUNDATIONAL MISSION IS TO PROVIDE CONNECTION, HEALING, RECOVERY, HOUSING, AND EMPLOYMENT FOR THE VETERAN COMMUNITY. WE HAVE SEVERAL PROGRAMS THAT ALLOW US TO FACILITATE EACH OF THESE KEY INITIATIVES TO ENHANCE THE LIVES OF OUR COMMUNITIES VETERANS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Bowlin Vice President | Officer | 40 | $0 |
Jeremy Harrell President | Officer | 60 | $0 |
John Mcelroy Director | Trustee | 10 | $0 |
Marc Mullins Director | Trustee | 10 | $0 |
Joshua Mcelroy Director | Trustee | 10 | $0 |
Sarah Jemison Development Director | Trustee | 10 | $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 | $199,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,339 |
| 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 | $199,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,449 |
| 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 | $38,033 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,170 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,987 |
| Office expenses | $14,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,877 |
| Travel | $90 |
| 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 | $1,958 |
| All other expenses | $0 |
| Total functional expenses | $223,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,216 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,000 |
| 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 | $10,928 |
| 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 | $422,144 |
| Accounts payable and accrued expenses | $925 |
| 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 | $600 |
| Total liabilities | $1,525 |
| Net assets without donor restrictions | $420,619 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $422,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Club Inc has recieved totaling $13,595.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $13,595 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rfs Charitable Foundation Toledo, OH | $7,273,922 | $11,225,614 |
Givenkind Gurnee, IL | $615,536 | $8,322,784 |
The Lebron James Family Foundation Akron, OH | $17,485,828 | $12,709,442 |
Journey To New Life Inc Kansas City, MO | $2,130,182 | $5,937,979 |
Tate Monroe Water Assn Inc New Richmond, OH | $29,411,991 | $5,084,515 |
Onecommunity Cleveland, OH | $10,370,909 | $1,306 |
Students For Life Action Fredericksburg, VA | $1,451,921 | $3,948,083 |
The Congressional Institute Inc Alexandria, VA | $6,719,545 | $3,277,666 |
Field Ready Inc Evanston, IL | $891,610 | $3,039,732 |
Civil Justice Reform Group Great Falls, VA | $1,472,377 | $2,732,622 |
Institute For Public Affairs Chicago, IL | $2,903,141 | $2,770,410 |
Earth Intelligence Network Oakton, VA | $0 | $2,617,616 |