Vets Roll INC FY2022 filing

Tax-deductible

South Beloit, IL501(c)(3)Public & Societal BenefitEIN 27-2072089Revenue $509K in FY2022

On file with the IRSvetsroll.org1777 Gardner St, 61080-1425 · South Beloit, ILTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To provide safe ground transportation for veteran war heros to see their memorials and other activities.

501(c)(3) charity; gifts are tax-deductible.
83¢ 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
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
5 of 5
filings with a surplus
Average surplus $235K a year · 41% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 28.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $48K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9K
0.5% of total assets
Looks good: liabilities are 0% 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
$509K
+13% vs prior year
Spent
$327K
To programs
83%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$509K
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$414K
FY2021$452K
FY2022$509K
FY2023$714K
FY2024$811K
Expenses
$327K
FY2022▲ +178%
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$117K
FY2022$327K
FY2023$489K
FY2024$682K
Net assets
$1.9M
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$1.9M
FY2023$2.1M
FY2024$2.2M

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 (FY2024) →

Is it real?

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

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $273K Management & general 14% · $45K Fundraising 3% · $10K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
VP Emeritus
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vets Roll 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

Transports veteran war heroes to memorials and events.

Questions for Vets Roll INC

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Provided by the organization

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1 program · $273K · in their own filed words · FY2022
01

To provide safe ground transportation for veteran war heroes to see their memorials and other activities.

$273Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$509K
Ln 12
Gifts and grantsLn 1h$355K
Other incomeLn 4–11$141K
Investment incomeLn 3$12K
Money outPt IX
$327K
Ln 25
Programscol B$273K
Managementcol C$45K
Fundraisingcol D$10K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$783K
Total assetsLn 16$1.9M
LiabilitiesLn 26$9K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$355K
Investment incomeLn 3$12K
Other incomeLn 4–11$141K
Total revenueLn 12$509K
Assets in detailPt X, end of year
CashLn 1$349K
SavingsLn 2$434K
Cash and savings togetherLn 1–2$783K
Land, buildings, equipmentLn 10c$31K
Other assetsLn 15$1.1M
Total assetsLn 16$1.9M
LiabilitiesLn 26$9K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$978K$783K
Land, buildings, equipmentLn 10c$31K$31K
Total assetsLn 16$1.7M$1.9M
LiabilitiesLn 26$1K$9K
Net assetsLn 32$1.7M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$15K$15K
Advertising and promotionLn 12$11K$2K$9K$701
Office expensesLn 13$36K$23K$5K$8K
Information technologyLn 14$7K$7K
OccupancyLn 16$7K$5K$1K$326
TravelLn 17$191K$190K$539
Depreciation, depletion and amortizationLn 22$13K$10K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$42K$42K$23
Total functional expensesLn 25$327K$273K$45K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $811K$682K$130K$2.2M 990 PDF
FY2023 $714K$489K$225K$2.1M 990 PDF
FY2022 Viewing $509K$327K$182K$1.9M 990 PDF
FY2021 $452K$117K$334K$1.7M 990 PDF
FY2020 $414K$108K$306K$1.3M 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 $508,633 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $234,091$355,311
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,930$12,106
I-11 Other revenuePrior year $212,818$141,216
I-12 Total revenuePrior year $451,839$508,633
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 $117,446$326,833
I-18 Total expensesPrior year $117,446$326,833
I-19 Revenue less expensesPrior year $334,393$181,800
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $508,633 across 6 lines filed
Lines not itemized here account for $10,139 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$355,311
VIII-1h Total contributions, gifts and grants$355,311
VIII-3 Investment incomeExcluded from tax $12,106$12,106
VIII-8 Net income from fundraising events$130,452
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $625$625
VIII-12 Total revenueRelated to mission $10,764 · Excluded from tax $12,106$508,633
Part IX · Statement of functional expenses $326,833 across 10 lines filed
IX-11b Legal feesManagement $1,138$1,138
IX-11c Accounting feesManagement $14,556$14,556
IX-12 Advertising and promotionPrograms $1,999 · Management $8,690 · Fundraising $701$11,390
IX-13 Office expensesPrograms $22,631 · Management $5,413 · Fundraising $8,051$36,095
IX-14 Information technologyManagement $7,063$7,063
IX-16 OccupancyPrograms $5,270 · Management $1,070 · Fundraising $326$6,666
IX-17 TravelPrograms $190,428 · Fundraising $539$190,967
IX-22 Depreciation, depletion and amortizationPrograms $10,474 · Management $2,178$12,652
IX-23 InsuranceManagement $4,453$4,453
IX-24 Other expenses (24a–d)Programs $41,830 · Management $23$41,853
IX-25 Total functional expensesPrograms $272,632 · Management $44,584 · Fundraising $9,617$326,833
Part X · Balance sheet $1,874,119 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $462,516$348,734
X-2 Savings and temporary cash investmentsStart of year $515,704$434,188
X-9 Prepaid expenses and deferred chargesStart of year $999$1,068
X-10c Land, buildings and equipment, netStart of year $30,548$30,606
X-14 Intangible assets$8,195
X-15 Other assetsStart of year $655,880$1,051,328
X-16 Total assetsStart of year $1,684,870$1,874,119
X-17 Accounts payable and accrued expensesStart of year $1,107$8,556
X-26 Total liabilitiesStart of year $1,107$8,556
X-27 Net assets without donor restrictionsStart of year $1,661,613$1,855,563
X-28 Net assets with donor restrictionsStart of year $22,150$10,000
X-32 Total net assets or fund balancesStart of year $1,683,763$1,865,563
X-33 Total liabilities and net assetsStart of year $1,684,870$1,874,119
Part XI · Reconciliation of net assets $1,865,563 net assets at year end
XI-1 Total revenue$508,633
XI-2 Total expenses$326,833
XI-3 Revenue less expenses$181,800
XI-4 Net assets at start of year$1,683,763
XI-10 Net assets at end of year$1,865,563

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

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