Amvets FY2021 filing

Mutual-benefit / member-serving Franklin, KY EIN 58-2673668 NTEE W30
Revenue
$30K
FY2021 · Pt VIII · Ln 12
Expenses
$130K
FY2021 · Pt IX · Ln 25
Net assets
$215K
FY2021 · Pt X · Ln 32
To programs
95%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2021–FY2025
Revenue
$30K
FY2021
Expenses
$130K
FY2021

Provides facility and assistance for veterans and their families, supporting related veteran organizations.

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Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list. Details →
Can I give now?
No — exemption revoked (2011-05-15)
On the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Amvets Post 110 INC
$70K in the latest grant year. Details →
Spent on programs?
95% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
<$100K
IRS revoked this organization's tax-exempt status on May 15, 2011

Form 990 for the fiscal year ending May 2021 (IRS tax year 2020).


Provides facility and assistance for veterans and their families, supporting related veteran organizations.

Type
Mutual-benefit / member-serving · Public & Societal Benefit
Location
Franklin, KY
Filings
5 on file (2021–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Surplus margin
-336%
revenue over expenses, this year
Program spending
95%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$216K
FY2021
Total liabilities
$2K
FY2021
Revenue less expensesPt I · Ln 19−$100K
Total assetsPt X · Ln 16$216K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAmvets
EINHdr · item D58-2673668
Principal addressHdr · item CFranklin, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item IRevoked
NTEE classificationIRS BMFPublic & Societal Benefit (W30)
Ruling yearIRS BMFMay 1945

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
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 (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
1st Vice Pres
$0Pt VII · Sec A
2nd Vice Pres
$0Pt VII · Sec A
3rd Vice Pres
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Amvets executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $123K of program spending, described in the organization's own filed words · FY2020.
01

Support the amvets post 110 mens organization through support of the building and other occupancy expenses

$114Kprogram expense
02

Providing helps to support local veterans and associated groups providing donations toward organizations supporting veteran related causes

$4Kprogram expense
03

Food and cash help to members and other veterans and children. Also includes monthly membership meal and christmas dinner at the post home with gifts for needy families.

$4Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$24K · 82%
Program service revenue$5K · 15%
Contributions & grants$665 · 2%
Other revenue82%$24K
Program service revenue15%$5K
Contributions & grants2%$665
Total revenueLn 12$30K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$123K
Management & general5%$7K
Total functional expensesLn 25$130K

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$216K
Total liabilitiesLn 26$2K
Total net assetsLn 32$215K
Months of cash on handcomputed16.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $177K · Operating expenses/yr $130K
16.4 months
Where the money goes
Program services
Program services $123K · Total expenses $130K
95%
Management & General
Management & general $7K · Total expenses $130K
5%
Fundraising
Fundraising — · Total expenses $130K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $665 · Total revenue $30K
2%
Government reliance
Government grants — · Total revenue $30K
—
Earned-income share
Program service revenue $5K · Total revenue $30K
15%
Investment reliance
Investment income $0 · Total revenue $30K
0%
Program self-sufficiency
Program service revenue $5K · Total expenses $130K
4%
Growth & trend
Revenue growth (YoY)
This year $30K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $215K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $30K · Expenses $130K
-336%
Liabilities-to-Assets
Total liabilities — · Total assets $216K
—
Net-asset ratio
Net assets $215K · Total assets $216K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $216K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brenda Wright · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $130K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $17K · Total expenses $130K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 2%——
Accounting fee ratio 1.0%——

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$70K
Grants paid · 2 grants · $63K · 2020–2021
Amvets Post 110 INCKY · FY2021$42,742
Amvets Post 110 INCKY · FY2020$20,000

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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 (Latest)$45K revenue · ⤓ 990 PDF
FY2024$88K revenue · ⤓ 990 PDF
FY2023$10K revenue · ⤓ 990 PDF
FY2022$7K revenue · ⤓ 990 PDF
FY2021$30K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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