← VETERANS EDUCATION TRAINING & SUPPORT INC

Form 990 for tax year 2022

Filed by VETERANS EDUCATION TRAINING & SUPPORT INC.

Totals

Total revenue: $754,492
Total expenses: $754,193
Contributions and grants received: $76,283
Grants paid: $123,467
Program service revenue: $663,300
Investment income: $4,788
Other revenue: $10,121
Total assets, end of year: $497,535
Total liabilities, end of year: $365,324
Net assets or fund balances, end of year: $132,211
Program services expenses (Part IX): $641,246
Management and general expenses: $108,605
Fundraising expenses: $4,342
Program service expenses (Part III): $641,246

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$76,283
1g · Noncash contributions included above

$0
2a · Program service revenue: Full-Service Restaurants

total $287,341 · related or exempt $287,341 · unrelated business $0 · excluded $0
2b · Program service revenue: Fitness and Recreational Sports Centers

total $370,652 · related or exempt $370,652 · unrelated business $0 · excluded $0
2c · Program service revenue: Rec Center Outside

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue: Youth Activities

total $5,307 · related or exempt $5,307 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $158 · related or exempt $158 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $411 · related or exempt $411 · unrelated business $0 · excluded $0
6a · Gross rents

real property $2,866 · personal property $0
6b · Less rental expenses

real property $2,865 · personal property $0
6c · Rental income or loss

real property $1 · personal property $0
6d · Net rental income or loss

total $1 · related or exempt $1 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $4,630
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $4,630
7d · Net gain or loss

total $4,630 · related or exempt $4,630 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$4,108
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $4,108 · related or exempt $4,108 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Passive income activities with controlledorganizations

total $5,601 · related or exempt $5,601 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$5,601

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $2,454 · program services $2,454
2 · Grants to domestic individuals

total $121,013 · program services $121,013
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $60,000 · program services $60,000 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $72,069 · program services $72,069 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $29,297 · program services $0 · management and general $29,297 · fundraising $0
11a · Fees: management

total $11,359 · program services $0 · management and general $11,359 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $662 · program services $662 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $17,574 · program services $4,942 · management and general $8,290 · fundraising $4,342
13 · Office expenses

total $4,183 · program services $3,683 · management and general $500 · fundraising $0
14 · Information technology

total $2,502 · program services $2,002 · management and general $500 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $149 · program services $0 · management and general $149 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $707 · program services $0 · management and general $707 · fundraising $0
20 · Interest

total $12,414 · program services $0 · management and general $12,414 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $18,600 · program services $0 · management and general $18,600 · fundraising $0
23 · Insurance

total $11,194 · program services $0 · management and general $11,194 · fundraising $0
24a · Other expenses: Banking Fees

total $7,847 · program services $0 · management and general $7,847 · fundraising $0
24b · Other expenses: Repairs, Maintenance & Renovations

total $167,980 · program services $167,980 · management and general $0 · fundraising $0
24c · Other expenses: Cost of Goods

total $154,008 · program services $154,008 · management and general $0 · fundraising $0
24d · Other expenses: Gov't Fees and Utilities

total $60,181 · program services $52,433 · management and general $7,748 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $34,295 · end of year $0
2 · Savings and temporary cash investments

beginning of year $254,616 · end of year $303,446
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $2,245 · end of year $237
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$236,852
10b · Land, buildings and equipment: accumulated depreciation

$93,000
10c · Land, buildings and equipment, net

beginning of year $162,453 · end of year $143,852
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $50,000 · end of year $50,000
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $372,636 · end of year $365,324
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $130,973 · end of year $68,711
28 · Net assets with donor restrictions

beginning of year $0 · end of year $63,500

Mission and programs · 2022

Mission

VETS INC operates the Landing Zone for Education Training & Support of Veterans who are having trouble transitioning back to the civilian community. VETS INC serves as an incubator for local colleges to use as a training center for Student Veterans and others in need in areas such as Business Management Finance Marketing Food Service Recreation Business Management. In addition the proceeds from the Landing Zone are used to provide support for area Veteran Organizations.

Activities or mission (Part I)

Veteran and Community assistance and integration through job training. VETS INC through its Community Recreation Center "The Landing Zone" provides a place for Veterans to work or gather with others for Support and Understanding with the purpose of helping reintegration with the Community.

USE OF THE LAND ZONE FACILITIES FOR VETERANS SUPPORT 6% of the Facility space is MAINTAINED EXCLUSIVELY for a VFW managed meeting room for Veterans and Veterans Organizations. In addition VETS INC provides Veteran MENTORSHIP and support services which include functions such as: Veteran Peer to Peer mentoring Christmas Eve dinner free recreational activities for at risk Veterans throughout the year. We provide Grants to Veterans in need. The Grants were especially helpful due to a TORNADO which hit the city of Gaylord. We were also able to provide a grant to the local VFW which enabled the VFW to provide first run movies free of charge at the VFW outdoor pavilion for the community

Expenses $147,596 · Grants $123,467
USE OF THE LANDING ZONE FACILITIES FOR EDUCATION AND TRAINING THE LANDING ZONE RECREATION FACILITY INCLUDES A 24 LANE BOWLING CENTER A RESTAURANT AN ARCADE AND OUTDOOR RECREATION INCLUDING A PAVILION HORSESHOE PITS 2 SAND VOLLEYBALL COURTS AND CORN HOLE. These facilities are used solely for the purpose of providing Job Skills to Veterans and their immediate families and individuals with the community who are in need. VETS INC provides mentoring and people skills training to Veterans to assist in the transition back into the community. VETS INC provided EMPLOYMENT to 3 Veterans and a Family Member of a Veteran and 3 members of the Community. The Employment strategy is to assist the Veterans in working with and providing services to the Community to promote better understanding of the issues of the Veterans and non- Veterans within the Community. The Training received by the Veterans involves maintenance customer service and inter-action with customers involving food services fitness and recreational activities.

Expenses $493,650 · Revenue $663,300

As filed on the 2022 return.

Listed in Part VII

Ronald LeBourdais

President

Total calculated

$0

Hours/week

25
Tony Sharkey

VP Executive Director

Total calculated

$60,000

From this org

$60,000

From related orgs

$0

Other

$0

Hours/week

80

Schedule J breakdown matched by us

Base

$60,000

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$60,000
Richard Edmonds

Legal Counsel Secretary

Total calculated

$0

Hours/week

10
Stephen Ralston

Treasurer

Total calculated

$0

Hours/week

10
Kenneth Crawford

Director

Total calculated

$0

Hours/week

10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 28 March 2023
IRS schema version: 2022v5.0
Source object: 202320879349300102

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