Forvets INC

Tax-deductible

Bell, FL501(c)(3)Human ServicesEIN 46-0574444

Military veterans with orthopedic disabilities through providing adaptive facilities.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $10K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 12% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $61
Fine: 2 funders name it on their filings; under 3.
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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
-22% vs prior year
Spent
$304K
To programs
52%
Net assets
$223K
By yearFY2019–FY2024
Revenue
$236K
FY2024▼ -22%
Revenue by fiscal year
FY2019$33K
FY2020$19K
FY2021$178K
FY2022$477K
FY2023$303K
FY2024$236K
Expenses
$304K
FY2024▲ +8%
Expenses by fiscal year
FY2019$0
FY2020$0
FY2021$0
FY2022$599K
FY2023$282K
FY2024$304K
Net assets
$223K
FY2024▼ -19%
Net assets by fiscal year
FY2019$157K
FY2020$197K
FY2021$376K
FY2022$254K
FY2023$275K
FY2024$223K

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2013.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $158K Management & general 48% · $146K

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

Who runs it and what they're paid

8 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$34,999Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dan Cavanah’s $35K as President is at the 22nd percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Forvets 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Helps veterans with orthopedic disabilities by providing adaptive facilities.

Provided by the organization

This section is blank until Forvets INC claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

All services were preformed by volunteers and consisted of planning and solicitation services. All financial expenditures were reported on form 990t.

Pt IX · col B

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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 · FY2023
Total grants receivedfrom 2 funders$61

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$236K
Ln 12
Fees for servicesLn 2g$234K
Other incomeLn 4–11$3K
Money outPt IX
$304K
Ln 25
Programscol B$158K
Managementcol C$146K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$223K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fees for servicesLn 2g$234K
Other incomeLn 4–11$3K
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$186K
Cash and savings togetherLn 1–2$186K
Land, buildings, equipmentLn 10c$36K
Total assetsLn 16$223K
LiabilitiesLn 26$0
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$223K$186K
Land, buildings, equipmentLn 10c$66K$36K
Total assetsLn 16$289K$223K
LiabilitiesLn 26$15K$0
Net assetsLn 32$275K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$0$35K
Other salaries and wagesLn 7$154K$154K
Accounting feesLn 11c$924$924
Advertising and promotionLn 12$13K$0$13K
Office expensesLn 13$335$0$335
TravelLn 17$217$0$217
Depreciation, depletion and amortizationLn 22$7K$3K$3K
InsuranceLn 23$25K$0$25K
Other expenses (24a–d)Ln 24$68K$68K
Total functional expensesLn 25$304K$158K$146K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $236K$304K−$67K$223K 990 PDF
FY2023 $303K$282K$21K$275K 990 PDF
FY2022 $477K$599K−$122K$254K 990 PDF
FY2021 $178K$0$178K$376K 990 PDF
FY2020 $19K$0$19K$197K 990 PDF
FY2019 $33K$0$33K$157K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $236,356 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $233,509$233,509
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,847$2,847
VIII-12 Total revenueRelated to mission $236,356 · Unrelated business $0 · Excluded from tax $0$236,356
Part IX · Statement of functional expenses $303,847 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $34,999$34,999
IX-7 Other salaries and wagesPrograms $153,963$153,963
IX-11c Accounting feesPrograms $924$924
IX-12 Advertising and promotionPrograms $0 · Management $13,039$13,039
IX-13 Office expensesPrograms $0 · Management $335$335
IX-17 TravelPrograms $0 · Management $217$217
IX-22 Depreciation, depletion and amortizationPrograms $3,446 · Management $3,446$6,892
IX-23 InsurancePrograms $0 · Management $25,003$25,003
IX-24 Other expenses (24a–d)Management $68,475$68,475
IX-25 Total functional expensesPrograms $158,333 · Management $145,514 · Fundraising $0$303,847
Part X · Balance sheet $222,533 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $223,401$186,279
X-4 Accounts receivableStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $66,058$36,254
X-16 Total assetsStart of year $289,459$222,533
X-17 Accounts payable and accrued expensesStart of year $7,359$0
X-26 Total liabilitiesStart of year $14,679$0
X-27 Net assets without donor restrictionsStart of year $274,780$222,533
X-32 Total net assets or fund balancesStart of year $274,780$222,533
X-33 Total liabilities and net assetsStart of year $289,459$222,533
Part XI · Reconciliation of net assets $222,533 net assets at year end
XI-1 Total revenue$236,356
XI-2 Total expenses$303,847
XI-3 Revenue less expenses−$67,491
XI-4 Net assets at start of year$274,780
XI-10 Net assets at end of year$222,533

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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