philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Waverly Area Veterans Post FY2020 filing

Tax-deductible

Waverly, IA501(c)(19)Public & Societal BenefitEIN 27-0443329Revenue $427K in FY2020

On file with the IRSPo Box 454, 50677-0454 · Waverly, IATax-exempt since Jun 2010

Tell your story. Claim this org

To create a Veterans service center for those who serve.

501(c)(19) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $15K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$267K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$427K
Spent
$365K
To programs
0%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$427K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2021$341K
FY2022$587K
FY2023$457K
FY2024$545K
Expenses
$365K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$423K
FY2022$507K
FY2023$559K
FY2024$577K
Net assets
$3.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.4M
FY2022$3.5M
FY2023$3.4M
FY2024$3.4M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Carl Benning
Vice Chair
$0Pt VII · Sec A
Jim Brandau
Vice Chair
$0Pt VII · Sec A
Larry Buchholz
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Geise
Director
$0Pt VII · Sec A
See Waverly Area Veterans Post executive salaries →

On this list? Claim this org

Something off? Claim 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 2No

Programs and updates

Provides a service center for veterans.

Questions for Waverly Area Veterans Post

Tap to ask. Waverly Area Veterans Post sees how many people are interested.

Your first name shows with your question. Waverly Area Veterans Post answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2020
01

Promote social welfare of the community.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$427K
Ln 12
Gifts and grantsLn 1h$266K
Fees for servicesLn 2g$187K
Investment incomeLn 3$167
Money outPt IX
$365K
Ln 25
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$3.8M
LiabilitiesLn 26$267K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$266K
Government grantsLn 1e$58K
Fees for servicesLn 2g$187K
Investment incomeLn 3$167
Total revenueLn 12$427K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$147K
Cash and savings togetherLn 1–2$164K
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$3.8M
LiabilitiesLn 26$267K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 514
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
LineStart FY20End FY20
Cash and savingsLn 1–2$122K$164K
Land, buildings, equipmentLn 10c$3.8M$3.6M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$414K$267K
Net assetsLn 32$3.5M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$76K
Payroll taxesLn 10$6K
Accounting feesLn 11c$2K
Advertising and promotionLn 12$4K
OccupancyLn 16$48K
InterestLn 20$10K
Depreciation, depletion and amortizationLn 22$95K
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$111K
All other expensesLn 24e$3K
Total functional expensesLn 25$365K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $545K$577K−$32K$3.4M 990 PDF
FY2023 $457K$559K−$102K$3.4M 990 PDF
FY2022 $587K$507K$80K$3.5M 990 PDF
FY2021 $341K$423K−$82K$3.4M 990 PDF
FY2020 Viewing $427K$365K$62K$3.5M 990 PDF

More to add? 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 FY2020 990 (6 parts)
Part I · Summary $426,887 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,526$265,962
I-9 Program service revenuePrior year $311,397$186,782
I-10 Investment incomePrior year $132$167
I-11 Other revenuePrior year −$90−$26,024
I-12 Total revenuePrior year $336,965$426,887
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,993$81,800
I-16a Professional fundraising feesPrior year $1,271$0
I-17 Other expensesPrior year $363,774$282,830
I-18 Total expensesPrior year $457,038$364,630
I-19 Revenue less expensesPrior year −$120,073$62,257
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $426,887 across 7 lines filed
VIII-1e Government grants$57,600
VIII-1f All other contributions, gifts and grants$208,362
VIII-1h Total contributions, gifts and grants$265,962
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $186,782$186,782
VIII-3 Investment incomeExcluded from tax $167$167
VIII-6 Net rental income or lossUnrelated business −$26,024−$26,024
VIII-12 Total revenueUnrelated business $160,758 · Excluded from tax $167$426,887
Part IX · Statement of functional expenses $364,630 across 10 lines filed
IX-7 Other salaries and wages$75,689
IX-10 Payroll taxes$6,111
IX-11c Accounting fees$2,350
IX-12 Advertising and promotion$4,348
IX-16 Occupancy$47,849
IX-20 Interest$9,712
IX-22 Depreciation, depletion and amortization$94,552
IX-23 Insurance$10,388
IX-24 Other expenses (24a–d)$110,832
IX-24e All other expenses$2,799
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$364,630
Part X · Balance sheet $3,792,949 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $38,441$16,481
X-2 Savings and temporary cash investmentsStart of year $83,598$147,041
X-10c Land, buildings and equipment, netStart of year $3,755,496$3,629,427
X-16 Total assetsStart of year $3,877,535$3,792,949
X-25 Other liabilitiesStart of year $34,146$37,303
X-26 Total liabilitiesStart of year $414,146$267,303
X-32 Total net assets or fund balancesStart of year $3,463,389$3,525,646
X-33 Total liabilities and net assetsStart of year $3,877,535$3,792,949
Part XI · Reconciliation of net assets $3,525,646 net assets at year end
XI-1 Total revenue$426,887
XI-2 Total expenses$364,630
XI-3 Revenue less expenses$62,257
XI-4 Net assets at start of year$3,463,389
XI-10 Net assets at end of year$3,525,646

Form 990 e-file (XML) FY2020 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.

Your org? Add context

Made it to the end? Claim this org

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.