Work Vessels for Vets INC FY2023 filing

Tax-deductible

West Mystic, CT501(c)(3)Since 2008Human ServicesEIN 26-3201760Revenue $220K in FY2023

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

This page gets seen. Tell your story. Claim this org.

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

FY2023 · 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
9 mo
of spending, in cash
Looks good: 8.6 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
$220K
-28% vs prior year
Spent
$226K
To programs
94%
Net assets
$163K
By yearFY2020–FY2025
Revenue
$220K
FY2023▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$228K
FY2022$305K
FY2023$220K
FY2024$285K
FY2025$361K
Expenses
$226K
FY2023▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$223K
FY2021$213K
FY2022$270K
FY2023$226K
FY2024$274K
FY2025$338K
Net assets
$163K
FY2023▼ -4%
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 FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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% · $213K Management & general 3% · $8K Fundraising 3% · $6K

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

Something off? The org can add a note here. Claim this org to fix it.

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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Work Vessels for Vets INC sees how many people are interested.

Your first name shows with your question. Work Vessels for Vets INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $213K · in their own filed words · FY2023
01

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

$213Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$220K
Ln 12
Gifts and grantsLn 1h$177K
Other incomeLn 4–11$42K
Money outPt IX
$226K
Ln 25
Programscol B$213K
Managementcol C$8K
Fundraisingcol D$6K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$163K
Total assetsLn 16$163K
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$177K
Noncash giftsLn 1g$4K
Fundraising eventsLn 1c$67K
Other incomeLn 4–11$42K
Total revenueLn 12$220K
Assets in detailPt X, end of year
CashLn 1$163K
Cash and savings togetherLn 1–2$163K
Total assetsLn 16$163K
LiabilitiesLn 26$0
Net assetsLn 32$163K
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 FY23End FY23
Cash and savingsLn 1–2$169K$163K
Total assetsLn 16$169K$163K
LiabilitiesLn 26$0$0
Net assetsLn 32$169K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$139K$139K
Other salaries and wagesLn 7$78K$70K$4K$4K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$480$371$274
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$4K$3K$797$43
Total functional expensesLn 25$226K$213K$8K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $361K$338K$23K$196K 990 PDF
FY2024 $285K$274K$11K$173K 990 PDF
FY2023 Viewing $220K$226K−$7K$163K 990 PDF
FY2022 $305K$270K$35K$169K 990 PDF
FY2021 $228K$213K$15K$134K 990 PDF
FY2020 $232K$223K$9K$118K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $219,517 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $285,704$177,231
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $19,294$42,286
I-12 Total revenuePrior year $304,998$219,517
I-13 Grants and similar amounts paidPrior year $184,160$139,214
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $75,000$77,750
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,529$9,063
I-18 Total expensesPrior year $269,689$226,027
I-19 Revenue less expensesPrior year $35,309−$6,510
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 $219,517 across 6 lines filed
VIII-1c Fundraising events$66,589
VIII-1f All other contributions, gifts and grants$110,642
VIII-1g Noncash contributions (included above)$4,100
VIII-1h Total contributions, gifts and grants$177,231
VIII-8 Net income from fundraising events$42,286
VIII-12 Total revenue$219,517
Part IX · Statement of functional expenses $226,027 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $139,214$139,214
IX-7 Other salaries and wagesPrograms $69,975 · Management $3,888 · Fundraising $3,887$77,750
IX-11c Accounting feesManagement $1,300$1,300
IX-12 Advertising and promotionFundraising $1,645$1,645
IX-13 Office expensesPrograms $480 · Management $371 · Fundraising $274$1,125
IX-23 InsuranceManagement $1,249$1,249
IX-24 Other expenses (24a–d)Programs $2,904 · Management $797 · Fundraising $43$3,744
IX-25 Total functional expensesPrograms $212,573 · Management $7,605 · Fundraising $5,849$226,027
Part X · Balance sheet $162,509 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $169,019$162,509
X-16 Total assetsStart of year $169,019$162,509
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $169,019$162,509
X-32 Total net assets or fund balancesStart of year $169,019$162,509
X-33 Total liabilities and net assetsStart of year $169,019$162,509
Part XI · Reconciliation of net assets $162,509 net assets at year end
XI-1 Total revenue$219,517
XI-2 Total expenses$226,027
XI-3 Revenue less expenses−$6,510
XI-4 Net assets at start of year$169,019
XI-10 Net assets at end of year$162,509

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.