The Veterans Trust is a 501(c)3 that works to improve the lives of active- duty military members, military Veterans, and first responders through motorsports-based programs. Through the flagship program, race camp - a structured mental health, performance, and resilience training initiative developed in partnership with nova southeastern university's (nsu) college of psychology - tvt operates a high-fidelity race simulator-based training site that provides participants with psychological and physiological training. The Veterans Trust also operates the f1 special operations program, an initiative that engages Veterans to support operations for the formula one miami grand prix and the formula one las vegas grand prix. These experiences provide camaraderie, opportunity, and employment for Veterans around the country.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 4
filings with a surplus
Average deficit $9K a year · 4% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
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
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$102K
-60% vs prior year
Spent
$140K
To programs
61%
Net assets
$98K
By yearFY2020–FY2025
Revenue
$102K
FY2025▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2020$141K
FY2021$364K
FY2022$149K
FY2023$86K
FY2024$256K
FY2025$102K
Expenses
$140K
FY2025▼ -49%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$383K
FY2022$111K
FY2023Not on file
FY2024$273K
FY2025$140K
Net assets
$98K
FY2025▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$135K
FY2021$116K
FY2022$154K
FY2023$153K
FY2024$136K
FY2025$98K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2015.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $85K Management & general 26% · $36K Fundraising 14% · $19K

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

5 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$22,000Pt VII · Sec A
$10,529Pt VII · Sec A
$8,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Fred Roger’s $22K as Executive Di is at the 20th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Juan Carlos Romero————$22,500$30,000
Fred Roger$22,000$25,000$12,000$12,000$23,000$17,000
Juergen Klingenberg$10,529—————
Stephen Kantarze$8,000$9,500$1,400———

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.

See The Veterans Trust 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 15aYes

Programs and updates

Commemorates 9/11 heroes with a beach festival featuring competitive events and a tribute ceremony.

Questions for The Veterans Trust INC

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Provided by the organization

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1 program · $85K · in their own filed words · FY2025
01

Initiated and led by veterans, the veterans trust (TVT) is committed to improving the lives of veterans through psychological training, workforce opportunities, and a sense of community. Since 2013, the veterans trust has been committed to serving the veteran community by improving self- regulatory mechanisms and performance enhancement…

$85Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$102K
Ln 12
Gifts and grantsLn 1h$102K
Fees for servicesLn 2g$8K
Investment incomeLn 3−$9K
Money outPt IX
$140K
Ln 25
Programscol B$85K
Managementcol C$36K
Fundraisingcol D$19K
Owns and owesPt X
$98K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$101K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$102K
Fees for servicesLn 2g$8K
Investment incomeLn 3−$9K
Total revenueLn 12$102K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$38K
Total assetsLn 16$101K
LiabilitiesLn 26$2K
Net assetsLn 32$98K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY25End FY25
Cash and savingsLn 1–2$30K$63K
Land, buildings, equipmentLn 10c$59K$38K
Total assetsLn 16$139K$101K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$136K$98K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$41K$14K$15K$12K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$20K$12K$4K$4K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$132$79$40$13
Information technologyLn 14$3K$1K$1K
TravelLn 17$12K$9K$2K
Depreciation, depletion and amortizationLn 22$22K$21K$1K
InsuranceLn 23$916$916
Other expenses (24a–d)Ln 24$28K$24K$4K$899
All other expensesLn 24e$6K$3K$3K
Total functional expensesLn 25$140K$85K$36K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $102K$140K−$38K$98K 990 PDF
FY2024 $256K$273K−$17K$136K 990 PDF
FY2023 $86K$153K 990 PDF
FY2022 $149K$111K$38K$154K 990 PDF
FY2021 $364K$383K−$19K$116K 990 PDF
FY2020 $141K$135K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $101,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,730$101,885
I-9 Program service revenue$7,700
I-10 Investment incomePrior year $3,642−$8,751
I-11 Other revenuePrior year $1,989$1,048
I-12 Total revenuePrior year $256,361$101,882
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $34,500$40,529
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $238,928$99,150
I-18 Total expensesPrior year $273,428$139,679
I-19 Revenue less expensesPrior year −$17,067−$37,797
Part VI · Governance 2 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $101,882 across 6 lines filed
VIII-1f All other contributions, gifts and grants$101,885
VIII-1h Total contributions, gifts and grants$101,885
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,700$7,700
VIII-3 Investment incomeExcluded from tax −$8,751−$8,751
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,048$1,048
VIII-12 Total revenueRelated to mission $8,748 · Excluded from tax −$8,751$101,882
Part IX · Statement of functional expenses $139,679 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,959 · Management $14,864 · Fundraising $11,706$40,529
IX-11c Accounting feesManagement $1,000$1,000
IX-11g Other fees for servicesPrograms $12,463 · Management $3,818 · Fundraising $3,971$20,252
IX-12 Advertising and promotionManagement $5,737$5,737
IX-13 Office expensesPrograms $79 · Management $40 · Fundraising $13$132
IX-14 Information technologyPrograms $1,420 · Management $1,486$2,906
IX-17 TravelPrograms $9,402 · Fundraising $2,351$11,753
IX-22 Depreciation, depletion and amortizationPrograms $20,816 · Management $1,096$21,912
IX-23 InsuranceManagement $916$916
IX-24 Other expenses (24a–d)Programs $23,565 · Management $3,593 · Fundraising $899$28,057
IX-24e All other expensesPrograms $3,414 · Management $3,071$6,485
IX-25 Total functional expensesPrograms $85,118 · Management $35,621 · Fundraising $18,940$139,679
Part X · Balance sheet $100,603 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $30,280$63,100
X-10c Land, buildings and equipment, netStart of year $59,415$37,503
X-16 Total assetsStart of year $138,968$100,603
X-17 Accounts payable and accrued expensesStart of year $2,746$2,178
X-26 Total liabilitiesStart of year $2,746$2,178
X-27 Net assets without donor restrictionsStart of year $136,222$98,425
X-32 Total net assets or fund balancesStart of year $136,222$98,425
X-33 Total liabilities and net assetsStart of year $138,968$100,603
Part XI · Reconciliation of net assets $98,425 net assets at year end
XI-1 Total revenue$101,882
XI-2 Total expenses$139,679
XI-3 Revenue less expenses−$37,797
XI-4 Net assets at start of year$136,222
XI-10 Net assets at end of year$98,425

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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