Veterans Of Foreign Wars Department Of New Mexico Of The U S
- Assets
- $198.9k
- Revenue
- $37.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Raton, NM
- Founding
- 07/1945
- Data as of
- 06/2022
- EIN
- 85-0136957
Organization Overview
Veterans Of Foreign Wars Department Of New Mexico Of The U S is located in Raton, NM. The organization was established in 1945. 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. As of 06/2022, Veterans Of Foreign Wars Department Of New Mexico Of The U S employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Department Of New Mexico Of The U S 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.
For the year ending 06/2022, Veterans Of Foreign Wars Department Of New Mexico Of The U S generated $37.1k 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 (11.0%) each year. All expenses for the organization totaled $40.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 years. 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
SEE PART III LINE 4A
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARTICULAR BUSINESS AND OBJECTS FOR WHICH SAID CORPORATION IS FORMED SHALL BE SOCIAL, BENEVOLENT, FRATERNAL AND PATRIOTIC; TO PROMOTE SOCIAL INTERCOURSE AMONG OURSELVES AND OUR ASSOCIATES IN SAID CORPORATION; TO RENDER PATRIOTIC SERVICES TO THE STATE OF NEW MEXICO AND TO THE UNITED STATES OF AMERICA; TO RAISE AND OBTAIN FUNDS FOR RELIEF OF NEEDY OR DISABLED VETERANS, THEIR WIDOWS, ORPHANS AND DEPENDENTS; TO PROMOTE THE GENERAL WELFARE OF THE MEMBERS OF OUR ORGANIZATION AND OTHER EX-SERVICE MEN WHO HAVE SERVED IN THE ARMED FORCES OF THE UNITED STATES; TO HAVE, OWN, LEASE AND MAINTAIN IN THE COUNTY OF COLFAX, IN THE STATE OF NEW MEXICO, FOR THE USE OF OURSELVES AND SAID ASSOCIATES FOR THE PURPOSE AFORESAID, A CLUB HOUSE OR QUARTERS, WITH ALL APPURTENANCES AND BELONGINGS, MATTERS AND THINGS WHICH PROPERLY CONSTITUTE A CLUB AND CLUB HOUSE, AND TO OPERATE THE SAME FOR SOCIAL, BENEVOLENT, AND CHARITABLE PURPOSES; AND TO BUY, LEASE OR SELL REAL AND PERSONAL PROPERTY AND APPLY THE PROCEEDS AND PROFITS THEREOF TO CHARITABLE PURPOSES, AND, TO THESE ENDS, TO BORROW MONEY IN THE MANNER CONSISTENT WITH THE PURPOSES OF THE ORGANIZATION IN ORDER TO CARRY OUT SAID BENEVOLENT AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Fresquez Quartermaster | OfficerTrustee | 10 | $1,200 |
Edna Candelario Commander | OfficerTrustee | 5 | $0 |
Willferd Romero Trustee | Trustee | 2 | $0 |
Ramon Montoya Trustee | Trustee | 2 | $0 |
Alfred Tafoya Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $858 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,553 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $7,448 |
| Net Income from Sales of Inventory | $24,080 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,200 |
| Compensation of current officers, directors, key employees. | $1,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $416 |
| 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 | $11,935 |
| All other expenses | $69 |
| Total functional expenses | $40,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,115 |
| 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 | $2,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $176,691 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $198,906 |
| 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 | $1,949 |
| Total liabilities | $1,949 |
| 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 | $107,678 |
| Retained earnings, endowment, accumulated income, or other funds | $89,279 |
| Total liabilities and net assets/fund balances | $198,906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
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 |
A Sanctuary For Military Families Inc Granby, CO | $1,662,699 | $1,856,266 |
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 |
American Legion Apache Junction, AZ | $3,212,238 | $3,405,557 |
Paralyzed Veterans Of America Phoenix, AZ | $1,356,804 | $1,158,050 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |