Franklin Veterans Club Inc
- Assets
- $442.8k
- Revenue
- $79.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, ME
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 90-0244265
Organization Overview
Franklin Veterans Club Inc is located in Franklin, ME. The organization was established in 2011. 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. Franklin Veterans Club 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.
For the year ending 12/2022, Franklin Veterans Club Inc generated $79.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $68.5k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO THE GENERAL WELFARE OF THE COMMUNITY AND ESPECIALLY TO THE WELFARE OF DISTRESSED VETERNS AND THIER FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANKLIN VETERAN'S CLUB PROVIDES MEMBERS WITH A RANGE OF SOCIAL ACTIVITIES TO ENCOURAGE MEMBER INTERACTION AND COMMUNITY WHICH IN TURN SERVES AS A FUND RAISING MECHANISM IN SUPPORT OF THE ORGANIZATION'S CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Abbott Director | Trustee | 1 | $0 |
Merle Cousins Director | Trustee | 1 | $0 |
Bill Deschene Director | Trustee | 1 | $0 |
Steve Mosely Treasurer | OfficerTrustee | 2 | $0 |
John Popka President | OfficerTrustee | 2 | $0 |
Rod Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,648 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,458 |
| Total Program Service Revenue | $7,350 |
| Investment income | $1,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $626 |
| Net Income from Fundraising Events | $13,467 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $42,145 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $362 |
| Office expenses | $2,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,555 |
| Insurance | $5,582 |
| All other expenses | $0 |
| Total functional expenses | $68,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,106 |
| Savings and temporary cash investments | $132,173 |
| 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 | $220,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $442,765 |
| 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 | $96,415 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,415 |
| Net assets without donor restrictions | $346,350 |
| 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 | $442,765 |