Amvets
- Assets
- $623.3k
- Revenue
- $360.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Anchorage, AK
- Founding
- 02/1954
- Data as of
- 12/2019
- EIN
- 92-0148423
Organization Overview
Amvets is located in Anchorage, AK. The organization was established in 1954. 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 12/2017, Amvets employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amvets 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 12/2019, Amvets generated $360.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $283.5k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INFORMATION AND SERVICES TO VETERANS AND ACTIVE MEMBERS OF THE US MILITARY SERVICES. PROVIDE FOR NEEDY VETERANS AND ASSIST VETERANS IN TIMES OF NEED, ILLNESS, AND BEREAVEMENT. PROVIDE A PLACE FOR MEETING AND COMARADERIE FOR VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR VETERANS AND ACTIVE DUTY MILITARY PERSONNEL. SUPPORT MEMBERS AND THEIR FAMILIES DURING TIMES OF FINANCIAL AND HEALTH DIFFICULTIES. PROVIDE BEREAVEMENT SUPPORT TO MEMBERS AND THEIR FAMILIES.
PROVIDED FUNDING FOR NEEDS OF VETERANS CHILDREN AND VETERANS APPRECIATION
PROVIDE FOR POST HOME FOR MEETINGS AND COMARADERIE AND ENTERTAINMENT. MAINTAIN POST FACILITIES FOR MEETINGS AND BEVERAGE/RESTAURANT AREA FOR MEMBERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Smith 2nd Vice | Officer | 5 | $0 |
Katherine Andrews First Vice | Officer | 10 | $0 |
Louis Mifsud 3rd Vice | Officer | 5 | $0 |
Stacy Cantiana Commander | Officer | 20 | $0 |
Tom Peterson Finance Offi | Officer | 15 | $0 |
Myles Odem Provost | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,617 |
| 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 | $168,300 |
| Net Income from Sales of Inventory | $183,646 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $60,496 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,140 |
| Office expenses | $980 |
| Information technology | $3,930 |
| Royalties | $0 |
| Occupancy | $17,192 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,547 |
| Interest | $9,728 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,251 |
| Insurance | $21,091 |
| All other expenses | $6,120 |
| Total functional expenses | $283,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,163 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,310 |
| Accounts payable and accrued expenses | $7,371 |
| 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 | $159,642 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $167,013 |
| 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 |
| Total liabilities and net assets/fund balances | $456,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Legion Lacey, WA | $2,218,551 | $1,767,008 |
Veterans Of Foreign Wars Of The United States Dept Of Washington Fife, WA | $2,208,423 | $1,076,426 |
Clark County Veterans Assistance Center Vancouver, WA | $366,662 | $1,091,448 |
United States Submarine Veterans Inc Silverdale, WA | $2,673,894 | $953,202 |
American Legion Anchorage, AK | $1,414,049 | $590,510 |
American Legion Vancouver, WA | $1,528,403 | $594,912 |
American Legion Anchorage, AK | $2,011,858 | $626,445 |
Wear Blue Run To Remember Tacoma, WA | $684,491 | $728,424 |
American Legion Kodiak, AK | $959,936 | $449,683 |
American Legion Wasilla, AK | $193,423 | $496,772 |
American Legion Anchorage, AK | $2,867,436 | $511,154 |
Department Of Alaska Veterans Of Foreign Wars Of The United States Wasilla, AK | $927,151 | $448,499 |