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Nonprofiteer
← LIBERATION VETERAN SERVICES INC

Form 990 for tax year 2023

Filed by LIBERATION VETERAN SERVICES INC.

Totals

Total revenue
$7,477,986
Total expenses
$1,239,271
Contributions and grants received
$7,464,523
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$13,463
Total assets, end of year
$7,581,349
Total liabilities, end of year
$51,973
Net assets or fund balances, end of year
$7,529,376
Program services expenses (Part IX)
$1,023,487
Management and general expenses
$138,318
Fundraising expenses
$77,466
Program service expenses (Part III)
$1,023,487

Program services were 82.6% 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.

  • 1e · Government grants (contributions)

    $961,155

  • 1f · All other contributions, gifts and grants

    $6,503,368

  • 11a · Other revenue: MISCELLANEOUS

    total $13,463 · related or exempt $13,463

  • 11e · Other revenue, total

    $13,463

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $110,254 · program services $78,079 · management and general $12,375 · fundraising $19,800

  • 7 · Other salaries and wages

    total $642,074 · program services $559,874 · management and general $52,500 · fundraising $29,700

  • 9 · Other employee benefits

    total $53,737 · program services $45,567 · management and general $4,634 · fundraising $3,536

  • 10 · Payroll taxes

    total $53,996 · program services $45,787 · management and general $4,656 · fundraising $3,553

  • 11c · Fees: accounting

    total $48,929 · management and general $48,929

  • 11g · Fees: other

    total $46,306 · program services $27,810 · management and general $5,238 · fundraising $13,258

  • 13 · Office expenses

    total $12,259 · program services $10,396 · management and general $1,057 · fundraising $806

  • 16 · Occupancy

    total $104,351 · program services $103,140 · management and general $687 · fundraising $524

  • 19 · Conferences, conventions and meetings

    total $15,964 · program services $13,537 · management and general $1,377 · fundraising $1,050

  • 22 · Depreciation, depletion and amortization

    total $44,546 · program services $44,546

  • 23 · Insurance

    total $24,022 · program services $20,370 · management and general $2,071 · fundraising $1,581

  • 24a · Other expenses: MISCELLANEOUS

    total $55,587 · program services $47,135 · management and general $4,794 · fundraising $3,658

  • 24b · Other expenses: UTILITIES

    total $27,246 · program services $27,246

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,083,920 · end of year $2,726,948

  • 3 · Pledges and grants receivable

    beginning of year $92,148 · end of year $4,293,573

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,169

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

    $775,249

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

    $214,421

  • 10c · Land, buildings and equipment, net

    beginning of year $158,009 · end of year $560,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,197 · end of year $39,378

  • 21 · Escrow or custodial account liability

    beginning of year $15,390 · end of year $12,595

  • 27 · Net assets without donor restrictions

    beginning of year $1,236,324 · end of year $4,205,284

  • 28 · Net assets with donor restrictions

    beginning of year $54,335 · end of year $3,324,092

Mission and programs · 2023

Mission

TO SERVE HOMELESS VETERANS IN CRISIS

Activities or mission (Part I)

OFFERS VETERANS EXPERIENCING HOMELESSNESS THE CARE , RESOURCES, AND STABILITY NEEDED TO REBUILD THEIR LIVES

  • Liberation Veteran Services, Inc., LVS, provides transitional housing to male veterans. Our focus is serving veterans and our primary goal for our vets is permanenthousing and self-sufficiency. We currently serve 38 male veterans in our program. Our transitional housing program provides homeless veterans an opportunity to receive the services and support they need to rebuild their lives. We desire to help the individualwho is motivated but lacks opportunity. We envision a community where all veterans have a place to call home. Our guiding values are Respect, Integrity, Compassion and Fairness. In most cases, an individual just needs a place to sleep, eat and feel safewhile improving his situation. LVS is here to provide that boost and connect them with the necessary tools and resources to put them back on the right track towards self-sufficiency.

    Expenses $1,023,487 · Revenue $13,463

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peggy Jackson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Chuck Potts

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Joe Maslanka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Travell Travis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mario Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ben Gryctko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jay Patrick

    EXECUTIVE DIRECTOR

    Total calculated
    $110,254
    From this org
    $110,254
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202403059349301870

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