Vets 1st INC: FY2021 Nonprofit Profile & 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% · $3K

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

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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

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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.

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Provided by the organization

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1 program · in their own filed words · FY2021

01

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

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1

Ln 12

Investment incomeLn 3$1

Money outPt IX

$3K

Ln 25

Managementcol C$3K

Owns and owesPt X

$175K

net assets · Ln 32

Cash and savingsLn 1–2$210K

Total assetsLn 16$496K

LiabilitiesLn 26$321K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$1

Total revenueLn 12$1

Assets in detailPt X, end of year

CashLn 1$210K

Cash and savings togetherLn 1–2$210K

Land, buildings, equipmentLn 10c$40K

Total assetsLn 16$496K

LiabilitiesLn 26$321K

Net assetsLn 32$175K

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 FY21	End FY21
Cash and savingsLn 1–2	$107K	$210K
Land, buildings, equipmentLn 10c		$40K
Total assetsLn 16	$353K	$496K
LiabilitiesLn 26	$291K	$321K
Net assetsLn 32	$63K	$175K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$3K	$0	$3K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	−$126K	$40K	−$167K	−$516K	990 PDF
FY2023	$356	$13K	−$12K	−$349K	990 PDF
FY2022	−$374K	$5K	−$379K	−$204K	990 PDF
FY2021 Viewing	$1	$3K	−$3K	$175K	990 PDF
FY2020	$0	$82	−$82	$63K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $1 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment income$1

I-11 Other revenue$0

I-12 Total revenue$1

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 $82$3,000

I-18 Total expensesPrior year $82$3,000

I-19 Revenue less expensesPrior year −$82−$2,999

Part VI · Governance 2 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

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 $1 across 2 lines filed

VIII-3 Investment incomeRelated to mission $1$1

VIII-12 Total revenueRelated to mission $1$1

Part IX · Statement of functional expenses $3,000 across 1 line filed

IX-24 Other expenses (24a–d)Management $3,000$3,000

IX-25 Total functional expensesPrograms $0 · Management $3,000 · Fundraising $0$3,000

Part X · Balance sheet $496,259 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $107,003$209,772

X-8 Inventories for sale or useStart of year $246,487$246,487

X-10c Land, buildings and equipment, net$40,000

X-16 Total assetsStart of year $353,490$496,259

X-25 Other liabilitiesStart of year $290,691$321,318

X-26 Total liabilitiesStart of year $290,691$321,318

X-27 Net assets without donor restrictionsStart of year $62,799$174,941

X-32 Total net assets or fund balancesStart of year $62,799$174,941

X-33 Total liabilities and net assetsStart of year $353,490$496,259

Part XI · Reconciliation of net assets $174,941 net assets at year end

XI-1 Total revenue$1

XI-2 Total expenses$3,000

XI-3 Revenue less expenses−$2,999

XI-4 Net assets at start of year$62,799

XI-10 Net assets at end of year$174,941

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Vets 1st INC FY2021 filing

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