National Veterans Foundation Inc
- Assets
- $2.4m
- Revenue
- $705.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 95-3994750
Organization Overview
National Veterans Foundation Inc is located in Los Angeles, CA. The organization was established in 1988. 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 12/2022, National Veterans Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Veterans Foundation Inc 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 12/2022, National Veterans Foundation Inc generated $705.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $832.6k during the year ending 12/2022. While expenses have increased by 4.9% 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 SERVE THE CRISIS MANAGEMENT, INFORMATION AND REFERRAL NEEDS OF AMERICA'S VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND OPERATION OF THE NATIONS FIRST TOLL-FREE HELPLINE FOR VETERANS AND THEIR FAMILIES.
OUTREACH SERVICE THAT PROVIDE VETERANS AND THEIR FAMILIES IN NEED WITH FOOD, CLOTHING, TRANSPORTATION, EMPLOYMENT, AND OTHER ESSENTIAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shad Meshad President | Officer | 55 | $104,919 |
Dave Culmer Director | Trustee | 5 | $0 |
Rick Seaman Secretary | Trustee | 5 | $0 |
Jeff Morris Chairman | OfficerTrustee | 5 | $0 |
Kevin Ruelas Treasurer | OfficerTrustee | 5 | $0 |
Kristine Stanley Director | Trustee | 5 | $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 | $1,115,005 |
| Noncash contributions included in lines 1a–1f | $97,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,005 |
| Total Program Service Revenue | $0 |
| Investment income | -$407,000 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $705,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $104,919 |
| Compensation of current officers, directors, key employees. | $15,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,672 |
| Payroll taxes | $34,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,200 |
| Fees for services: Other | $55,431 |
| Advertising and promotion | $2,007 |
| Office expenses | $30,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,237 |
| Travel | $10,797 |
| 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 | $18,575 |
| Insurance | $21,882 |
| All other expenses | $7,598 |
| Total functional expenses | $832,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,196 |
| 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 | $64,981 |
| Investments—publicly traded securities | $1,552,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,938 |
| Total assets | $2,432,470 |
| Accounts payable and accrued expenses | $7,941 |
| 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 | $196,623 |
| Total liabilities | $204,564 |
| Net assets without donor restrictions | $1,981,979 |
| Net assets with donor restrictions | $245,927 |
| 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 | $2,432,470 |