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0029 FL

Tax-deductible

Destin, FL501(c)(19)Mutual / membership EIN 59-3175318Revenue $621K in FY2025

On file with the IRS803 Harbor Blvd, 32541-2701 · Destin, FLTax-exempt since May 1945

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To Provide Benefits to its Membership and To Support Local Charities

501(c)(19) veterans' organization; the IRS lists gifts to it as tax-deductible.
Run by 7 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
4 of 7
filings with a surplus
Average surplus $106K a year · 30% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Cash reserves
20 mo
of spending, in cash
Looks good: 20.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$467K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 348 voting members
Concern: none of 348 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$621K
-11% vs prior year
Spent
$370K
Net assets
$919K
By yearFY2019–FY2025
Revenue
$621K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2019$124K
FY2020$95K
FY2021$124K
FY2022$252K
FY2023$522K
FY2024$698K
FY2025$621K
Expenses
$370K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2019$120K
FY2020$106K
FY2021$140K
FY2022$281K
FY2023$346K
FY2024$334K
FY2025$370K
Net assets
$919K
FY2025▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2019$48K
FY2020$47K
FY2021$31K
FY2022$18K
FY2023$264K
FY2024$649K
FY2025$919K

From the FY2025 Form 990 (year ending August 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1945.

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ross Haynes
Commander
$0Pt VII · Sec A
David Yeadon
1st Vice Commander
$0Pt VII · Sec A
Frank Vallee
2nd Vice Commander
$0Pt VII · Sec A
Tim Bracewell
3rd Vice Commander
$0Pt VII · Sec A
Larry Esco
Finance Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 0029 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

Offers benefits to members and supports local charities.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

See Additional Data

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$621K
Ln 12
Other incomeLn 4–11$584K
Investment incomeLn 3$25K
Gifts and grantsLn 1h$12K
Money outPt IX
$370K
Ln 25
Owns and owesPt X
$919K
net assets · Ln 32
Cash and savingsLn 1–2$620K
Total assetsLn 16$1.4M
LiabilitiesLn 26$467K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a348
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Investment incomeLn 3$25K
Other incomeLn 4–11$584K
Total revenueLn 12$621K
Assets in detailPt X, end of year
CashLn 1$620K
Cash and savings togetherLn 1–2$620K
Land, buildings, equipmentLn 10c$749K
Other assetsLn 15$5K
Total assetsLn 16$1.4M
LiabilitiesLn 26$467K
Net assetsLn 32$919K
OperationsPt I, VI
EmployeesI 56
VolunteersI 67
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$640K$620K
Land, buildings, equipmentLn 10c$3K$749K
Total assetsLn 16$660K$1.4M
LiabilitiesLn 26$12K$467K
Net assetsLn 32$649K$919K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K
Grants to domestic individualsLn 2$1K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$162K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$13K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$15K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$75K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K
InterestLn 20$0
Payments to affiliatesLn 21$6K
Depreciation, depletion and amortizationLn 22$3K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$64K
All other expensesLn 24e$0
Total functional expensesLn 25$370K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $621K$370K$251K$919K 990 PDF
FY2024 $698K$334K$365K$649K 990 PDF
FY2023 $522K$346K$176K$264K 990 PDF
FY2022 $252K$281K−$29K$18K 990 PDF
FY2021 $124K$140K−$16K$31K 990 PDF
FY2020 $95K$106K−$11K$47K 990 PDF
FY2019 $124K$120K$4K$48K 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 $620,761 revenue, 12 lines filed
I-8 Contributions and grants$12,325
I-9 Program service revenue$0
I-10 Investment income$24,720
I-11 Other revenue$583,716
I-12 Total revenue$620,761
I-13 Grants and similar amounts paid$17,951
I-14 Benefits paid to members$0
I-15 Salaries and benefits$174,788
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $767$177,127
I-18 Total expensesPrior year $767$369,866
I-19 Revenue less expensesPrior year −$767$250,895
Part VI · Governance 0 of 348 board members independent, 4 to look at
VI-1a Voting members of the governing body348
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 $620,761 across 4 lines filed
Lines not itemized here account for $583,716 of total revenue; see the IRS return.
VIII-1b Membership dues$12,325
VIII-1h Total contributions, gifts and grants$12,325
VIII-3 Investment income$24,720
VIII-12 Total revenue$620,761
Part IX · Statement of functional expenses $369,866 across 30 lines filed
IX-1 Grants to domestic organizations$16,923
IX-2 Grants to domestic individuals$1,028
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$162,094
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$12,694
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$6,732
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$14,996
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$75,063
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$1,726
IX-20 Interest$0
IX-21 Payments to affiliates$5,519
IX-22 Depreciation, depletion and amortization$3,169
IX-23 Insurance$5,496
IX-24 Other expenses (24a–d)$64,426
IX-24e All other expenses$0
IX-25 Total functional expenses$369,866
Part X · Balance sheet $1,386,816 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $639,894$620,281
X-8 Inventories for sale or useStart of year $12,481$13,412
X-10c Land, buildings and equipment, netStart of year $3,180$748,561
X-15 Other assetsStart of year $4,562$4,562
X-16 Total assetsStart of year $660,117$1,386,816
X-25 Other liabilities$9,892
X-26 Total liabilitiesStart of year $11,566$467,392
X-32 Total net assets or fund balancesStart of year $648,551$919,424
X-33 Total liabilities and net assetsStart of year $660,117$1,386,816
Part XI · Reconciliation of net assets $919,424 net assets at year end
XI-1 Total revenue$620,761
XI-2 Total expenses$369,866
XI-3 Revenue less expenses$250,895
XI-4 Net assets at start of year$648,551
XI-8 Prior period adjustments$19,978
XI-10 Net assets at end of year$919,424

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

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