Vets 1st INC: Nonprofit Profile, Financials & Form 990 (EIN 03-0486104)

Revenue by fiscal year
FY2020	$0
FY2021	$1
FY2022	−$374K
FY2023	$356
FY2024	−$126K

Expenses by fiscal year
FY2020	$82
FY2021	$3K
FY2022	$5K
FY2023	$13K
FY2024	$40K

Net assets by fiscal year
FY2020	$63K
FY2021	$175K
FY2022	−$204K
FY2023	−$349K
FY2024	−$516K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $40K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

John Travis

Chairman

$0Pt VII · Sec A

See Vets 1st INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans find housing, training, and supportive work environments for personal and professional growth.

Questions for Vets 1st INC

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1 program · in their own filed words · FY2024

01

Vets 1ST inc provides training for us military personnel who are unable to find the right fit after miltary service

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 03-0486104) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$126K

Ln 12

Gifts and grantsLn 1h$6K

Investment incomeLn 3$243

Money outPt IX

$40K

Ln 25

Managementcol C$40K

Owns and owesPt X

−$516K

net assets · Ln 32

Cash and savingsLn 1–2$476K

Total assetsLn 16$939K

LiabilitiesLn 26$1.5M

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6K

Investment incomeLn 3$243

Gains on assetsLn 7−$133K

Total revenueLn 12−$126K

Assets in detailPt X, end of year

CashLn 1$40K

SavingsLn 2$436K

Cash and savings togetherLn 1–2$476K

InvestmentsLn 11–13$463K

Total assetsLn 16$939K

LiabilitiesLn 26$1.5M

Net assetsLn 32−$516K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$634K	$476K
InvestmentsLn 11–13	$638K	$463K
Total assetsLn 16	$1.3M	$939K
LiabilitiesLn 26	$1.7M	$1.5M
Net assetsLn 32	−$349K	−$516K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Payments to affiliatesLn 21	$40K		$40K
Other expenses (24a–d)Ln 24	$390		$390
Total functional expensesLn 25	$40K	$0	$40K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Sep 19, 2025	−$126K	$40K	−$167K	−$516K	990 PDF
FY2023Filed with the IRS Oct 29, 2024	$356	$13K	−$12K	−$349K	990 PDF
FY2022Filed with the IRS Oct 20, 2023	−$374K	$5K	−$379K	−$204K	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$1	$3K	−$3K	$175K	990 PDF
FY2020Filed with the IRS Nov 4, 2021	$0	$82	−$82	$63K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary −$126,161 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9$6,376

I-9 Program service revenuePrior year $9$0

I-10 Investment incomePrior year $338−$132,537

I-11 Other revenue$0

I-12 Total revenuePrior year $356−$126,161

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $12,695$40,390

I-18 Total expensesPrior year $12,695$40,390

I-19 Revenue less expensesPrior year −$12,339−$166,551

Part VI · Governance 1 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue −$126,161 across 5 lines filed

VIII-1f All other contributions, gifts and grants$6,376

VIII-1h Total contributions, gifts and grants$6,376

VIII-3 Investment incomeRelated to mission $243$243

VIII-7 Net gain or loss on sales of assetsRelated to mission −$132,780−$132,780

VIII-12 Total revenueRelated to mission −$132,537−$126,161

Part IX · Statement of functional expenses $40,390 across 2 lines filed

IX-21 Payments to affiliatesManagement $40,000$40,000

IX-24 Other expenses (24a–d)Management $390$390

IX-25 Total functional expensesPrograms $0 · Management $40,390 · Fundraising $0$40,390

Part X · Balance sheet $938,960 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $5,432$40,397

X-2 Savings and temporary cash investmentsStart of year $628,311$435,952

X-11 Publicly traded securitiesStart of year $637,884$462,611

X-16 Total assetsStart of year $1,311,627$938,960

X-25 Other liabilitiesStart of year $1,661,076$1,454,960

X-26 Total liabilitiesStart of year $1,661,076$1,454,960

X-27 Net assets without donor restrictionsStart of year −$349,449−$516,000

X-32 Total net assets or fund balancesStart of year −$349,449−$516,000

X-33 Total liabilities and net assetsStart of year $1,311,627$938,960

Part XI · Reconciliation of net assets −$516,000 net assets at year end

XI-1 Total revenue−$126,161

XI-2 Total expenses$40,390

XI-3 Revenue less expenses−$166,551

XI-4 Net assets at start of year−$349,449

XI-10 Net assets at end of year−$516,000

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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