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← VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TENNESSEE

Form 990 for tax year 2022

Filed by VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF TENNESSEE.

Totals

Total revenue
$972,680
Total expenses
$145,130
Contributions and grants received
$14,162
Grants paid
$0
Program service revenue
$0
Investment income
$943,559
Other revenue
$14,959
Total assets, end of year
$998,075
Total liabilities, end of year
$1,253
Net assets or fund balances, end of year
$996,822
Program services expenses (Part IX)
$25,945
Management and general expenses
$119,185
Fundraising expenses
$0
Program service expenses (Part III)
$25,945

Program services were 17.9% 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.

  • 1b · Membership dues

    $200

  • 1f · All other contributions, gifts and grants

    $13,962

  • 3 · Investment income

    total $10,844 · related or exempt $10,844

  • 6a · Gross rents

    real property $14,700

  • 6c · Rental income or loss

    real property $14,700

  • 6d · Net rental income or loss

    total $14,700 · related or exempt $14,700

  • 7a · Gross sales of assets other than inventory

    other assets $1,100,000

  • 7b · Less cost or other basis and sales expenses

    other assets $167,285

  • 7c · Gain or loss

    other assets $932,715

  • 7d · Net gain or loss

    total $932,715 · excluded $932,715

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $18,318

  • 10b · Cost of goods sold

    $18,059

  • 10c · Net income from sales of inventory

    total $259 · related or exempt $259

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $149 · program services $149

  • 5 · Compensation of officers, directors and key employees

    total $13,000 · program services $6,500 · management and general $6,500

  • 7 · Other salaries and wages

    total $13,665 · management and general $13,665

  • 10 · Payroll taxes

    total $3,172 · program services $496 · management and general $2,676

  • 11c · Fees: accounting

    total $4,550 · program services $2,275 · management and general $2,275

  • 11g · Fees: other

    total $1,200 · program services $600 · management and general $600

  • 13 · Office expenses

    total $4,424 · program services $2,212 · management and general $2,212

  • 16 · Occupancy

    total $32,664 · program services $8,166 · management and general $24,498

  • 19 · Conferences, conventions and meetings

    total $696 · program services $696

  • 22 · Depreciation, depletion and amortization

    total $46,887 · management and general $46,887

  • 23 · Insurance

    total $10,596 · management and general $10,596

  • 24a · Other expenses: OTHER FUNCTIONAL EXPENSES

    total $4,851 · program services $4,851

  • 24b · Other expenses: OTHER EXPENSES

    total $5,512 · management and general $5,512

  • 24c · Other expenses: BUSINESS TAXES LICENSE

    total $3,764 · management and general $3,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,931 · end of year $24,110

  • 2 · Savings and temporary cash investments

    beginning of year $61,952 · end of year $203,091

  • 8 · Inventories for sale or use

    beginning of year $2,448

  • 10a · Land, buildings and equipment: cost or other basis

    $817,761

  • 10b · Land, buildings and equipment: accumulated depreciation

    $46,887

  • 10c · Land, buildings and equipment, net

    beginning of year $88,082 · end of year $770,874

  • 25 · Other liabilities

    beginning of year $1,367 · end of year $1,253

  • 31 · Retained earnings, endowment or other funds

    beginning of year $168,046 · end of year $996,822

Mission and programs · 2022

Mission

ASSIT VETERANS

Activities or mission (Part I)

ASSIST VETERANS

  • SUPPORT NEEDY VETS AND FAMILIES AND SPECIAL EVENTS TO ASSIST

    Expenses $4,851

  • MAINTAIN OFFICE TO ASSIST VETERANS AND FAMILIES INCLUDING MEETINGS

    Expenses $21,094

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Helms

    COMMANDER

    Total calculated
    $0
    Hours/week
    1

  • John Croteau

    SR V COMM

    Total calculated
    $0
    Hours/week
    1

  • J McCoy

    JR V COMM

    Total calculated
    $0
    Hours/week
    1

  • Terry Thomas

    QUARTERMASTER

    Total calculated
    $13,000
    From this org
    $0
    From related orgs
    $13,000
    Other
    $0
    Hours/week
    20

  • William Sachse

    CHAPLAIN

    Total calculated
    $0
    Hours/week
    1

  • Adam Thorn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christian Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202431309349303528

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