67 Amvets EIN 36-2906649 Form 990 (PDF) Claim this org

67 Amvets FY2023 filing

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Offers community service and fellowship, supporting AMVETS' goals. For fiscal year 2023 it reported $173K in revenue, $105K in expenses, and $639K in net assets.Pt I

Founded
1949
Type
Mutual-benefit / member-serving · Nonprofit
Location
Beecher, IL
Filings
5 on file (2021–2023)
Revenue
$173KFY2023
Expenses
$105K
Net assets
$639K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-2906649 Mutual-benefit / member-serving Beecher, IL Founded 1949
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers community service and fellowship, supporting AMVETS' goals.
Leadership
John Petersen · Trustee
Money in and out
$173K revenue, $105K expenses
Bottom line
+40% surplus margin
Reported financial activity · FY2023
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$639K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $69K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Surplus margin
+40%
revenue over expenses, this year
Program spending
68%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$173K
FY2023▲ +27%
Expenses
$105K
FY2023▲ +25%
Total assets
$641K
FY2023▲ +12%
Total liabilities
$1K
FY2023▲ +12%
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$639K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$69K
Total assetsPt X · Ln 16$641K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C67 Amvets
EINHdr · item D36-2906649
Principal addressHdr · item CBeecher, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1949
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(19) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
Judge Advocate
$0Pt VII · Sec A
Junior Vice
$0Pt VII · Sec A
Senior Vice
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2025
Richard Whitmon$9,600
Richard Whitmon$9,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

To provide community service and fellowship and to preserve and support the aims and goals of the amvets national organization

Pt IX · col B

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Statement of Revenue

Part VIII
Other revenue$171K · 99%
Program service revenue$1K · 1%
Other revenue99%$171K
Program service revenue1%$1K
Contributions & grants$607
Investment income$463
Total revenueLn 12$173K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$71K
Management & general32%$34K
Total functional expensesLn 25$105K

Balance Sheet

Part X · end of year
CashLn 1$287K
Total assetsLn 16$641K
Total liabilitiesLn 26$1K
Total net assetsLn 32$639K
Months of cash on handcomputed33.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $287K · Operating expenses/yr $105K
33.0 months
Where the money goes
Program services
Program services $71K · Total expenses $105K
68%
Management & General
Management & general $34K · Total expenses $105K
32%
Fundraising
Fundraising $0 · Total expenses $105K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $607 · Total revenue $173K
0.3%
Government reliance
Government grants — · Total revenue $173K
Earned-income share
Program service revenue $1K · Total revenue $173K
0.6%
Investment reliance
Investment income $463 · Total revenue $173K
+0.3%
Program self-sufficiency
Program service revenue $1K · Total expenses $105K
1.0%
Growth & trend
Revenue growth (YoY)
This year $173K · Prior year $136K
+27%
Net-asset trend (YoY)
End of year $639K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $173K · Expenses $105K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $641K
Net-asset ratio
Net assets $639K · Total assets $641K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $641K
0%
People & payroll
Highest Reported Total Compensation
Individual John Petersen · Reported title Trustee · Highest reported compensation $0 · Total expenses $105K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $105K
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 27%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 13%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025$156K revenue · ⤓ 990 PDF
FY2024$177K revenue · ⤓ 990 PDF
FY2023$173K revenue · viewing · ⤓ 990 PDF
FY2022$136K revenue · ⤓ 990 PDF
FY2021$56K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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