0078 FL FY2023 filing

Tax-deductible

Valparaiso, FL501(c)(19)EIN 59-2333074Revenue $330K in FY2023

On file with the IRS910 Valastics Ave, 32580-1141 · Valparaiso, FLTax-exempt since Feb 1954

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To provide an organization to encourage fellowship among all American veterans who have served or are serving in the Armed Forces of the United States during and since World War II; and (10) To keep the public forever reminded that the American veterans who have served or are serving in the Armed Forces of the United States during and since World War II fought and served to preserve peace, liberty and democracy for their nation. To inspire in our membership a sense of responsibility and to develop leadership for the preservation of our American democratic way of life.

501(c)(19) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
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
3 of 5
filings with a surplus
Average surplus $47K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$330K
+44% vs prior year
Spent
$273K
To programs
0%
Net assets
$609K
By yearFY2020–FY2024
Revenue
$330K
FY2023▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$171K
FY2021$252K
FY2022$229K
FY2023$330K
FY2024$420K
Expenses
$273K
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$202K
FY2022$245K
FY2023$273K
FY2024$275K
Net assets
$609K
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$511K
FY2021$561K
FY2022$551K
FY2023$609K
FY2024$705K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Feb 1954.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman of the Board of Trustees
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
1st Vice Commander
$0Pt VII · Sec A
2nd Vice Commander
$0Pt VII · Sec A
Judge Advocate
$0Pt VII · Sec A
Provost Marshall
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
See 0078 FL 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

Programs and updates

Unites American veterans, fostering fellowship and reminding the public of their service to peace and liberty.

Provided by the organization

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3 programs · $20K · in their own filed words · FY2023
01

Autism awareness and fund raising/donations.

$10Kprogram expense
02

The Fisher House, Eglin AFB, FL

$5Kprogram expense
03

Field of Valor

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $25K · 2024–2024
Unitemized GrantFY2024$25,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$330K
Ln 12
Other incomeLn 4–11$306K
Gifts and grantsLn 1h$23K
Investment incomeLn 3$509
Money outPt IX
$273K
Ln 25
Owns and owesPt X
$609K
net assets · Ln 32
Cash and savingsLn 1–2$444K
Total assetsLn 16$609K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$14K
Investment incomeLn 3$509
Other incomeLn 4–11$306K
Gains on assetsLn 7$0
Total revenueLn 12$330K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$442K
Cash and savings togetherLn 1–2$444K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$162K
Other assetsLn 15$0
Total assetsLn 16$609K
LiabilitiesLn 26$0
Net assetsLn 32$609K
OperationsPt I, VI
EmployeesI 514
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$385K$444K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$164K$162K
Total assetsLn 16$551K$609K
LiabilitiesLn 26$0$0
Net assetsLn 32$551K$609K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$13K
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$97K
Pension plan contributionsLn 8$0
Payroll taxesLn 10$24K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$10K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$97K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$9K
All other expensesLn 24e$6K
Total functional expensesLn 25$273K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $420K$275K$145K$705K 990 PDF
FY2023 Viewing $330K$273K$57K$609K 990 PDF
FY2022 $229K$245K−$16K$551K 990 PDF
FY2021 $252K$202K$50K$561K 990 PDF
FY2020 $171K$172K−$2K$511K 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 FY2023 990 (6 parts)
Part I · Summary $329,988 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,692$23,496
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $255$509
I-11 Other revenuePrior year $199,848$305,983
I-12 Total revenuePrior year $228,795$329,988
I-13 Grants and similar amounts paidPrior year $23,526$0
I-14 Benefits paid to membersPrior year $8,462$13,156
I-15 Salaries and benefitsPrior year $110,761$120,663
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $102,336$138,891
I-18 Total expensesPrior year $245,085$272,710
I-19 Revenue less expensesPrior year −$16,290$57,278
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $329,988 across 14 lines filed
Lines not itemized here account for $301,808 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$9,175
VIII-1c Fundraising events$14,321
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$23,496
VIII-3 Investment incomeRelated to mission $509 · Unrelated business $0 · Excluded from tax $0$509
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $4,175 · Unrelated business $0 · Excluded from tax $0$4,175
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $306,492 · Unrelated business $0 · Excluded from tax $0$329,988
Part IX · Statement of functional expenses $272,710 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$13,156
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$96,995
IX-8 Pension plan contributions$0
IX-10 Payroll taxes$23,668
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$10,070
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$97,099
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$1,583
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$15,132
IX-24 Other expenses (24a–d)$9,067
IX-24e All other expenses$5,940
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$272,710
Part X · Balance sheet $608,619 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $2,060$2,060
X-2 Savings and temporary cash investmentsStart of year $382,661$442,351
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $2,500$2,500
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $164,120$161,708
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $551,341$608,619
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $551,341$608,619
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $551,341$608,619
X-33 Total liabilities and net assetsStart of year $551,341$608,619
Part XI · Reconciliation of net assets $608,619 net assets at year end
XI-1 Total revenue$329,988
XI-2 Total expenses$272,710
XI-3 Revenue less expenses$57,278
XI-4 Net assets at start of year$551,341
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$608,619

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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