D A V Industries
- Assets
- $21.9m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 257
- Location
- Spring Valley, CA
- Founding
- 10/1968
- Data as of
- 06/2024
- EIN
- 95-2494098
Organization Overview
D A V Industries, operating under the name Veterans Thrift Stores, is located in Spring Valley, CA. The organization was established in 1968. 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 06/2024, Veterans Thrift Stores employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Thrift Stores 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 06/2024, Veterans Thrift Stores generated $14.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $10.4m during the year ending 06/2024. While expenses have increased by 4.8% per year over the past 9 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.
Since 2015, Veterans Thrift Stores has awarded 125 individual grants totaling $4,978,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
DAV INDUSTRIES OPERATES THRIFT STORES SELLING DONATED HOUSEHOLD ITEMS RECEIVED FROM THE PUBLIC. THESE DONATIONS ARE SOLD AT OUR STORES AND PROCEEDS ARE USED TO BENEFIT DISABLED AMERICAN VETERANS AND RELATED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORE OPERATIONS GENERATED FUNDS FOR THE BENEFIT OF DISABLED AMERICAN VETERANS AND RELATED ORGANIZATIONS.
VA HOSPITAL - CONTRIBUTIONS HAVE HELPED PURCHASE MEDICAL EQUIPMENT AS NEEDED FOR THE LA JOLLA VA MEDICAL CENTER.
DAV REHAB SERVICES DEPARTMENT HELP VETERANS PROCESS THEIR SERVICE CLAIMS WITH THE VA MEDICAL SYSTEM.
OTHER ORGANIZATIONS - PROVIDE FUNDS FOR OTHER VETERANS HEALTH AND AID ORGANIZATIONS IN THE SAN DIEGO AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Sundberg President | OfficerTrustee | 5 | $500 |
Suey Lee Past Preside | Trustee | 5 | $500 |
Clifford Caldwell Vice Preside | OfficerTrustee | 5 | $500 |
Mark Carpenter CFO | OfficerTrustee | 5 | $500 |
Macario Dimayuga Secretary | OfficerTrustee | 5 | $400 |
Nancy Casey Director | Trustee | 1 | $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 | $136,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,229 |
| Total Program Service Revenue | $13,547,277 |
| Investment income | $543,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,753 |
| Net Gain/Loss on Asset Sales | $47,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,345,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $624,998 |
| 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. | $4,600 |
| Compensation of current officers, directors, key employees. | $4,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,129,184 |
| Pension plan accruals and contributions | $92 |
| Other employee benefits | $100,765 |
| Payroll taxes | $485,670 |
| Fees for services: Management | $1,343,378 |
| Fees for services: Legal | $21,147 |
| Fees for services: Accounting | $22,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $219,126 |
| Advertising and promotion | $12,103 |
| Office expenses | $171,159 |
| 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 | $6,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,521 |
| Insurance | $512,806 |
| All other expenses | $407,077 |
| Total functional expenses | $10,432,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,851 |
| Savings and temporary cash investments | $14,015,934 |
| 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 | $7,233,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,855,016 |
| Accounts payable and accrued expenses | $149,640 |
| 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 | $0 |
| Total liabilities | $149,640 |
| Net assets without donor restrictions | $21,705,376 |
| 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 | $21,855,016 |
Grants Awarded
Over the last fiscal year, D A V Industries has awarded $604,898 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CANCER RESEARCH | $20,000 |
ALL FROM THE HEART PURPOSE: SUPPORT | $40,000 |
CANINE COMPANIONS FOR INDEPENDENCE PURPOSE: CANINE TRAINING | $30,000 |
DAV OF CALIFORNIA PURPOSE: SALARIES & TRANSPORT | $320,898 |
ALHEIMERS FAMILY CENTER PURPOSE: OPERATING FUNDS | $15,000 |
SEGS4VETSDRAFT PURPOSE: SUPPORT FOR VETS | $25,000 |