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Alcovets

Tax-deductible

Graham, NC501(c)(3)Education EIN 82-5304445Revenue $179K in FY2024Latest return filed Nov 17, 2025

On file with the IRSalcovets.orgGraham, NCTax-exempt since Feb 2019Publicly supported charity — 170(b)(1)(A)(vi)

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We are dedicated to raising money to honor and assist local veterans of alamance county that are in need. This organization in its activities shall be non-partisan, non-sectional, non-sectarian and shall not take part in nor lend influence to the election or appointment of any candidates for state, county or any other public office. Alcovets, INC. Is a non-profit and shall operate exclusively for education and charitable purposes within the meaning of section 501(3) of the internal revenue code or the corresponding section of any future federal tax code.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5304445) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Run by 185 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $65K a year · 32% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
41%
of spending
41% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
16.6 mo
of spending, in cash
16.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $16K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$590
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
10
of 11 voting members
10 of 11 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$179K
-13% vs prior year
Spent
$140K
To programs
41%
Net assets
$319K
By yearFY2021–FY2024
Revenue
$179K
FY2024▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2021$129K
FY2022$223K
FY2023$206K
FY2024$179K
Expenses
$140K
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$114K
FY2023$161K
FY2024$140K
Net assets
$319K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$125K
FY2022$234K
FY2023$280K
FY2024$319K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2019.

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

Where the money goes

41 cents of each dollar spent went to programs.

Program services 41% · $57K Management & general 8% · $11K Fundraising 51% · $72K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Richard Shevlin
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Bobby Chin
Secretary
$0Pt VII · Sec A
Duane Flood
Director
$0Pt VII · Sec A
Larry Brooks
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alcovets executive salaries →

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

Raises funds to help local veterans facing hardship.

Questions for Alcovets

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1 program · $57K · in their own filed words · FY2024
01

Providing outreach and hosting events to educate the public on the needs of veterans and to honor the veterans of alamance county. We strive to fight for those who fought for us.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-5304445) · Dispute this line
$57Kprogram expense

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 · FY2024
Petty Family Foundation INCFY2024$10K
Vicky and Sam Hunt FoundationFY2024$5K
GE FoundationFY2024$1K
Total grants receivedfrom 3 funders$16K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$179K
Ln 12
Other incomeLn 4–11$121K
Gifts and grantsLn 1h$58K
Investment incomeLn 3$48
Money outPt IX
$140K
Ln 25
Programscol B$57K
Managementcol C$11K
Fundraisingcol D$72K
Owns and owesPt X
$319K
net assets · Ln 32
Cash and savingsLn 1–2$193K
Total assetsLn 16$320K
LiabilitiesLn 26$590
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Investment incomeLn 3$48
Other incomeLn 4–11$121K
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$193K
Cash and savings togetherLn 1–2$193K
Notes and loans receivableLn 7$3K
Land, buildings, equipmentLn 10c$124K
Total assetsLn 16$320K
LiabilitiesLn 26$590
Net assetsLn 32$319K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6185
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 FY24End FY24
Cash and savingsLn 1–2$157K$193K
Land, buildings, equipmentLn 10c$126K$124K
Total assetsLn 16$282K$320K
LiabilitiesLn 26$3K$590
Net assetsLn 32$280K$319K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$30K$30K
Advertising and promotionLn 12$15K$3K$12K
OccupancyLn 16$10K$4K$6K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$6K$2K$4K
Other expenses (24a–d)Ln 24$74K$17K$2K$56K
All other expensesLn 24e$3K$38$3K$90
Total functional expensesLn 25$140K$57K$11K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $179K$140K$39K$319K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $206K$161K$45K$280K 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $223K$114K$110K$234K 990 PDF
FY2021Filed with the IRS Jan 12, 2023 $129K$125K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $179,169 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $48,472$58,159
I-9 Program service revenuePrior year $2,200$0
I-10 Investment incomePrior year $71$48
I-11 Other revenuePrior year $155,582$120,962
I-12 Total revenuePrior year $206,325$179,169
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $8,803$29,964
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $152,382$109,841
I-18 Total expensesPrior year $161,185$139,805
I-19 Revenue less expensesPrior year $45,140$39,364
Part VI · Governance 10 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $179,169 across 6 lines filed
VIII-1b Membership dues$496
VIII-1f All other contributions, gifts and grants$57,663
VIII-1h Total contributions, gifts and grants$58,159
VIII-3 Investment incomeExcluded from tax $48$48
VIII-8 Net income from fundraising events$120,962
VIII-12 Total revenueExcluded from tax $48$179,169
Part IX · Statement of functional expenses $139,805 across 7 lines filed
IX-4 Benefits paid to or for membersPrograms $29,964$29,964
IX-12 Advertising and promotionPrograms $2,983 · Fundraising $12,090$15,073
IX-16 OccupancyPrograms $3,974 · Management $5,867$9,841
IX-22 Depreciation, depletion and amortizationPrograms $1,833$1,833
IX-23 InsurancePrograms $2,027 · Fundraising $4,031$6,058
IX-24 Other expenses (24a–d)Programs $16,598 · Management $2,071 · Fundraising $55,539$74,208
IX-24e All other expensesPrograms $38 · Management $2,700 · Fundraising $90$2,828
IX-25 Total functional expensesPrograms $57,417 · Management $10,638 · Fundraising $71,750$139,805
Part X · Balance sheet $319,576 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $156,797$193,358
X-7 Notes and loans receivable$2,505
X-10c Land, buildings and equipment, netStart of year $125,546$123,713
X-16 Total assetsStart of year $282,343$319,576
X-17 Accounts payable and accrued expensesStart of year $2,721$590
X-26 Total liabilitiesStart of year $2,721$590
X-27 Net assets without donor restrictionsStart of year $279,622$318,986
X-32 Total net assets or fund balancesStart of year $279,622$318,986
X-33 Total liabilities and net assetsStart of year $282,343$319,576
Part XI · Reconciliation of net assets $318,986 net assets at year end
XI-1 Total revenue$179,169
XI-2 Total expenses$139,805
XI-3 Revenue less expenses$39,364
XI-4 Net assets at start of year$279,622
XI-10 Net assets at end of year$318,986

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

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