Work Vessels for Vets INC FY2022 filing

Tax-deductible

West Mystic, CT501(c)(3)Since 2008Human ServicesEIN 26-3201760Revenue $305K in FY2022

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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
94%
of spending
Looks good: 94% 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
$305K
+34% vs prior year
Spent
$270K
To programs
94%
Net assets
$169K
By yearFY2020–FY2025
Revenue
$305K
FY2022▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$228K
FY2022$305K
FY2023$220K
FY2024$285K
FY2025$361K
Expenses
$270K
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$223K
FY2021$213K
FY2022$270K
FY2023$226K
FY2024$274K
FY2025$338K
Net assets
$169K
FY2022▲ +26%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

94 cents of each dollar spent went to programs.

Program services 94% · $253K Management & general 3% · $9K Fundraising 3% · $8K

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
Director, Co
$0Pt VII · Sec A
Director, Co
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

Provided by the organization

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1 program · $253K · in their own filed words · FY2022
01

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

$253Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$305K
Ln 12
Gifts and grantsLn 1h$286K
Other incomeLn 4–11$19K
Money outPt IX
$270K
Ln 25
Programscol B$253K
Managementcol C$9K
Fundraisingcol D$8K
Owns and owesPt X
$169K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$169K
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$286K
Noncash giftsLn 1g$53K
Fundraising eventsLn 1c$120K
Other incomeLn 4–11$19K
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Total assetsLn 16$169K
LiabilitiesLn 26$0
Net assetsLn 32$169K
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 FY22End FY22
Cash and savingsLn 1–2$134K$169K
Total assetsLn 16$134K$169K
LiabilitiesLn 26$0$0
Net assetsLn 32$134K$169K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$184K$184K
Other salaries and wagesLn 7$75K$68K$4K$4K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$1K$832$671
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$2K$307$2K$219
Total functional expensesLn 25$270K$253K$9K$8K

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 Viewing $305K$270K$35K$169K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $304,998 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $212,464$285,704
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $15,582$19,294
I-12 Total revenuePrior year $228,046$304,998
I-13 Grants and similar amounts paidPrior year $111,394$184,160
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $94,750$75,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,523$10,529
I-18 Total expensesPrior year $212,667$269,689
I-19 Revenue less expensesPrior year $15,379$35,309
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 $304,998 across 6 lines filed
VIII-1c Fundraising events$119,549
VIII-1f All other contributions, gifts and grants$166,155
VIII-1g Noncash contributions (included above)$53,000
VIII-1h Total contributions, gifts and grants$285,704
VIII-8 Net income from fundraising events$19,294
VIII-12 Total revenue$304,998
Part IX · Statement of functional expenses $269,689 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $184,160$184,160
IX-7 Other salaries and wagesPrograms $67,500 · Management $3,750 · Fundraising $3,750$75,000
IX-11c Accounting feesManagement $1,275$1,275
IX-12 Advertising and promotionFundraising $3,045$3,045
IX-13 Office expensesPrograms $1,237 · Management $832 · Fundraising $671$2,740
IX-23 InsuranceManagement $1,243$1,243
IX-24 Other expenses (24a–d)Programs $307 · Management $1,700 · Fundraising $219$2,226
IX-25 Total functional expensesPrograms $253,204 · Management $8,800 · Fundraising $7,685$269,689
Part X · Balance sheet $169,019 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $133,710$169,019
X-16 Total assetsStart of year $133,710$169,019
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $133,710$169,019
X-32 Total net assets or fund balancesStart of year $133,710$169,019
X-33 Total liabilities and net assetsStart of year $133,710$169,019
Part XI · Reconciliation of net assets $169,019 net assets at year end
XI-1 Total revenue$304,998
XI-2 Total expenses$269,689
XI-3 Revenue less expenses$35,309
XI-4 Net assets at start of year$133,710
XI-10 Net assets at end of year$169,019

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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