Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1968.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
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; $4K paid to officers and key staff.
Linda Sundberg’s $500 as President is at the 0th percentile of top reported officer pay among 232 $10–100M public & societal benefit 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| James Galliher | $100 | $400 | $300 | $500 | $600 |
| Linda Sundberg | $500 | $500 | $500 | $500 | $500 |
| Suey Lee | $500 | $500 | $500 | $400 | $400 |
| Clifford Caldwell | $200 | $500 | $300 | $500 | $300 |
| Mark Carpenter | $400 | $500 | $500 | $500 | $500 |
| Macario Dimayuga | $400 | $400 | $500 | $400 | $400 |
| Leroy Acosta | $500 | $500 | — | — | — |
| George Sherrod | $500 | $500 | $500 | $400 | $500 |
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.
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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
Sells donated household items in thrift stores, with proceeds benefiting disabled veterans.
Questions for Vts Industries INC
Your first name shows with your question. Vts Industries INC answers here, for everyone.
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Thrift store operations generated funds for the benefit of disabled american veterans and related organizations.
Other Organizations
Provide funds for other veterans health and aid organizations in the san diego area.
Dav rehab services department help veterans process their service claims with the va medical system.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.8M | $9.1M |
| Land, buildings, equipmentLn 10c | $7.7M | $7.6M |
| Total assetsLn 16 | $15.5M | $16.7M |
| LiabilitiesLn 26 | $104K | $104K |
| Net assetsLn 32 | $15.4M | $16.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $491K | $491K | ||
| Pay of current officers, directors and key staffLn 5 | $4K | $4K | ||
| Other salaries and wagesLn 7 | $4.6M | $4.2M | $395K | |
| Other employee benefitsLn 9 | $110K | $110K | ||
| Payroll taxesLn 10 | $444K | $413K | $31K | |
| Management feesLn 11a | $1.3M | $1.3M | ||
| Legal feesLn 11b | $15K | $15K | ||
| Accounting feesLn 11c | $21K | $21K | ||
| Other fees for servicesLn 11g | $246K | $246K | ||
| Advertising and promotionLn 12 | $37K | $37K | ||
| Office expensesLn 13 | $13K | $13K | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $318K | $318K | ||
| InsuranceLn 23 | $464K | $285K | $180K | |
| Other expenses (24a–d)Ln 24 | $1.1M | $1.1M | ||
| All other expensesLn 24e | $446K | $446K | ||
| Total functional expensesLn 25 | $9.6M | $6.0M | $3.6M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $12.2M | $11.3M | $842K | $22.5M | 990 PDF |
| FY2024 | $14.3M | $10.4M | $3.9M | $21.7M | 990 PDF |
| FY2023 | $11.3M | $10.1M | $1.2M | $17.8M | 990 PDF |
| FY2022 Viewing | $10.9M | $9.6M | $1.3M | $16.6M | 990 PDF |
| FY2021 | $10.9M | $8.9M | $2.0M | $15.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $10,872,133 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 3 to look at
Part VIII · Statement of revenue $10,872,133 across 5 lines filed
Part IX · Statement of functional expenses $9,610,834 across 16 lines filed
Part X · Balance sheet $16,692,300 assets, 9 lines filed
Part XI · Reconciliation of net assets $16,588,180 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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