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← VETERAN BUSINESS PROJECT INC

Form 990 for tax year 2023

Filed by VETERAN BUSINESS PROJECT INC.

Totals

Total revenue
$995,323
Total expenses
$298,280
Contributions and grants received
$995,323
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$718,749
Total liabilities, end of year
$12,385
Net assets or fund balances, end of year
$706,364
Program services expenses (Part IX)
$168,969
Management and general expenses
$111,850
Fundraising expenses
$17,461
Program service expenses (Part III)
$168,969

Program services were 56.6% 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.

  • 1f · All other contributions, gifts and grants

    $995,323

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,500 · program services $94,000 · management and general $23,500

  • 7 · Other salaries and wages

    total $25,000 · program services $17,500 · management and general $7,500

  • 10 · Payroll taxes

    total $7,227 · program services $5,541 · management and general $1,686

  • 11c · Fees: accounting

    total $16,527 · management and general $16,527

  • 11g · Fees: other

    total $82,080 · program services $28,000 · management and general $43,177 · fundraising $10,903

  • 13 · Office expenses

    total $13,635 · program services $2,140 · management and general $6,305 · fundraising $5,190

  • 16 · Occupancy

    total $1,776 · program services $560 · management and general $656 · fundraising $560

  • 17 · Travel

    total $24,828 · program services $18,512 · management and general $5,508 · fundraising $808

  • 19 · Conferences, conventions and meetings

    total $2,716 · program services $2,716

  • 20 · Interest

    total $321 · management and general $321

  • 23 · Insurance

    total $6,670 · management and general $6,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,707 · end of year $15,500

  • 4 · Accounts receivable

    beginning of year $4,568 · end of year $700,204

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,046 · end of year $3,045

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,000 · end of year $12,385

  • 27 · Net assets without donor restrictions

    beginning of year -$137,940 · end of year $20,764

  • 28 · Net assets with donor restrictions

    beginning of year $147,261 · end of year $685,600

Mission and programs · 2023

Mission

VETERAN BUSINESS PROJECT PROMOTES VETERAN SMALL BUSINESS OWNERSHIP OPPORTUNITIES BY GETTING MILITARY, VETERANS, AND SPOUSES INTO BUSINESS. WE EDUCATE ACTIVE DUTY MILITARY, VETERANS, BUSINESS OWNERS, FINANCIAL INSTITUTIONS, PUBLIC AND PRIVATE SECTORS, THE GENERAL PUBLIC, AND LEGISLATORS ON THE NECESSITY FOR PRO-VETERAN SMALL BUSINESS OWNERSHIP AND ACCOMPANYING, REALISTIC FEDERAL AND STATE BUSINESS LENDING PROGRAMS. VETERAN BUSINESS PROJECT THEN CONNECTS THESE GROUPS TO FACILITATE VETERANS' SMALL BUSINESS OWNERSHIP.

  • VETERAN BUSINESS PROJECT PROMOTES VETERAN SMALL BUSINESS OWNERSHIP OPPORTUNITIES BY GETTING MILITARY, VETERANS, AND SPOUSES INTO BUSINESS. WE EDUCATE ACTIVE DUTY MILITARY, VETERANS, BUSINESS OWNERS, FINANCIAL INSTITUTIONS, PUBLIC AND PRIVATE SECTORS, THE GENERAL PUBLIC, AND LEGISLATORS ON THE NECESSITY FOR PRO-VETERAN SMALL BUSINESS OWNERSHIP AND ACCOMPANYING, REALISTIC FEDERAL AND STATE BUSINESS LENDING PROGRAMS. VETERAN BUSINESS PROJECT THEN CONNECTS THESE GROUPS TO FACILITATE VETERANS' SMALL BUSINESS OWNERSHIP.

    Expenses $168,969

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

Listed in Part VII

  • Dale Eisenberg

    CHAIRMAN

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Fred Parish

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lt Col Kate Germano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Lynn Lowder

    CEO

    Total calculated
    $62,500
    From this org
    $62,500
    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
4 September 2024
IRS schema version
2023v5.1
Source object
202442499349300209

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