Work Vessels for Vets INC FY2021 filing

Tax-deductible

West Mystic, CT501(c)(3)Since 2008Human ServicesEIN 26-3201760Revenue $228K in FY2021

On file with the IRSworkvesselsforvets.orgPo Box 215, 06388-0215 · West Mystic, CTTax-exempt since Apr 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the organization is to provide assistance to returning veterans in the transition from their military service to the civilian workforce. The organization assists veterans in acquiring the skill set and tools necessary for a successful transition into a civilian career.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $43K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228K
-2% vs prior year
Spent
$213K
To programs
95%
Net assets
$134K
By yearFY2020–FY2025
Revenue
$228K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$228K
FY2022$305K
FY2023$220K
FY2024$285K
FY2025$361K
Expenses
$213K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$223K
FY2021$213K
FY2022$270K
FY2023$226K
FY2024$274K
FY2025$338K
Net assets
$134K
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$118K
FY2021$134K
FY2022$169K
FY2023$163K
FY2024$173K
FY2025$196K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2009.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $202K Management & general 2% · $4K Fundraising 3% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director, Co
$0Pt VII · Sec A
Director, Co
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Work Vessels for Vets INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans gain skills and tools for successful civilian careers.

Questions for Work Vessels for Vets INC

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Provided by the organization

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1 program · $202K · in their own filed words · FY2021
01

Donations to veterans for a successful transition into a civilian career.

$202Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 6 grants · $962K · 2020–2025
Unitemized GrantFY2025$181,780
Unitemized GrantFY2024$182,826
Unitemized GrantFY2023$135,114
Unitemized GrantFY2022$131,160
Unitemized GrantFY2021$155,003
Unitemized GrantFY2020$175,961

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Gifts and grantsLn 1h$212K
Other incomeLn 4–11$16K
Money outPt IX
$213K
Ln 25
Programscol B$202K
Managementcol C$4K
Fundraisingcol D$7K
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$134K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Noncash giftsLn 1g$19K
Fundraising eventsLn 1c$84K
Other incomeLn 4–11$16K
Total revenueLn 12$228K
Assets in detailPt X, end of year
CashLn 1$134K
Cash and savings togetherLn 1–2$134K
Total assetsLn 16$134K
LiabilitiesLn 26$0
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$118K$134K
Total assetsLn 16$118K$134K
LiabilitiesLn 26$0$0
Net assetsLn 32$118K$134K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$197K$197K
Management feesLn 11a$5K$4K$237$237
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$748$374$187$187
Conferences, conventions and meetingsLn 19$154$154
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$1K$250$1K$145
Total functional expensesLn 25$213K$202K$4K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $361K$338K$23K$196K 990 PDF
FY2024 $285K$274K$11K$173K 990 PDF
FY2023 $220K$226K−$7K$163K 990 PDF
FY2022 $305K$270K$35K$169K 990 PDF
FY2021 Viewing $228K$213K$15K$134K 990 PDF
FY2020 $232K$223K$9K$118K 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 $228,046 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $257,901$212,464
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$25,814$15,582
I-12 Total revenuePrior year $232,087$228,046
I-13 Grants and similar amounts paidPrior year $212,880$196,669
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,596$15,998
I-18 Total expensesPrior year $223,476$212,667
I-19 Revenue less expensesPrior year $8,611$15,379
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $228,046 across 6 lines filed
VIII-1c Fundraising events$83,624
VIII-1f All other contributions, gifts and grants$128,840
VIII-1g Noncash contributions (included above)$18,948
VIII-1h Total contributions, gifts and grants$212,464
VIII-8 Net income from fundraising events$15,582
VIII-12 Total revenue$228,046
Part IX · Statement of functional expenses $212,667 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $196,669$196,669
IX-11a Management feesPrograms $4,264 · Management $237 · Fundraising $237$4,738
IX-11c Accounting feesManagement $1,200$1,200
IX-12 Advertising and promotionFundraising $6,302$6,302
IX-13 Office expensesPrograms $374 · Management $187 · Fundraising $187$748
IX-19 Conferences, conventions and meetingsPrograms $154$154
IX-23 InsuranceManagement $1,456$1,456
IX-24 Other expenses (24a–d)Programs $250 · Management $1,005 · Fundraising $145$1,400
IX-25 Total functional expensesPrograms $201,711 · Management $4,085 · Fundraising $6,871$212,667
Part X · Balance sheet $133,710 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $118,331$133,710
X-16 Total assetsStart of year $118,331$133,710
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $118,331$133,710
X-32 Total net assets or fund balancesStart of year $118,331$133,710
X-33 Total liabilities and net assetsStart of year $118,331$133,710
Part XI · Reconciliation of net assets $133,710 net assets at year end
XI-1 Total revenue$228,046
XI-2 Total expenses$212,667
XI-3 Revenue less expenses$15,379
XI-4 Net assets at start of year$118,331
XI-10 Net assets at end of year$133,710

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

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