51 Vets Incorporated
- Assets
- $98.0k
- Revenue
- $250.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Alpharetta, GA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2112611
Organization Overview
51 Vets Incorporated is located in Alpharetta, GA. 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. 51 Vets Incorporated 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 12/2023, 51 Vets Incorporated generated $250.9k in total revenue. All expenses for the organization totaled $167.6k during the year ending 12/2023. While expenses have increased by 113.5% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID FOR TRANSITIONING VETERANS TO TRAVEL TO NETWORKING EVENTS AROUND THE NATION COVERING THEIR FLIGHTS AND HOTELS. ATTENDED ACG LAS VEGAS AS WELL AS AN EVENT PUT ON BY THE ORGANIZATION IN NYC.
PAID FOR CATERING FOR THE EVENT IN NYC PUT ON BY THE FOUNDATION
PAID FOR T-SHIRTS AND MUGS TO BE GIVEN TO THE VETERANS TO HELP PROMOTE THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Selleck President/founder | 15 | $0 | |
Bob Landis Director (as Of 09/2023) | 2 | $0 | |
Steve Won Director (as Of 09/2023) | 2 | $0 | |
Alex Daie Vice President | 10 | $0 | |
Zach Walters Director (as Of 08/2023) | 2 | $0 | |
Christopher Robinson Secretary | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,887 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,333 |
| Other employee salaries and wages | $7,908 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,314 |
| Total operating and administrative expenses | $167,555 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $167,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,995 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $97,995 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |