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Nonprofiteer
← VETS VETERANS EXPLORING TREATMENT SOLUTIONS INC

Form 990 for tax year 2024

Filed by VETS VETERANS EXPLORING TREATMENT SOLUTIONS INC.

Totals

Total revenue
$3,330,588
Total expenses
$3,133,395
Contributions and grants received
$2,989,458
Grants paid
$706,123
Program service revenue
$0
Investment income
$333,371
Other revenue
$7,759
Total assets, end of year
$5,821,291
Total liabilities, end of year
$78,513
Net assets or fund balances, end of year
$5,742,778
Program services expenses (Part IX)
$2,347,734
Management and general expenses
$467,478
Fundraising expenses
$318,183
Program service expenses (Part III)
$2,347,734

Program services were 74.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,989,458

  • 3 · Investment income

    total $252,687 · excluded $252,687

  • 7a · Gross sales of assets other than inventory

    securities $2,176,934

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

    securities $2,096,250

  • 7c · Gain or loss

    securities $80,684

  • 7d · Net gain or loss

    total $80,684 · excluded $80,684

  • 10a · Gross sales of inventory

    $6,978

  • 10b · Cost of goods sold

    $759

  • 10c · Net income from sales of inventory

    total $6,219 · unrelated business $6,219

  • 11a · Other revenue: CREDIT REWARDS FROM CREDIT CARDS

    total $1,540 · excluded $1,540

  • 11e · Other revenue, total

    $1,540

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,323 · program services $77,323

  • 2 · Grants to domestic individuals

    total $628,800 · program services $628,800

  • 5 · Compensation of officers, directors and key employees

    total $290,849 · program services $218,137 · management and general $58,170 · fundraising $14,542

  • 7 · Other salaries and wages

    total $457,151 · program services $373,884 · management and general $36,468 · fundraising $46,799

  • 9 · Other employee benefits

    total $5,226 · program services $2,218 · management and general $2,913 · fundraising $95

  • 10 · Payroll taxes

    total $61,107 · program services $47,904 · management and general $7,896 · fundraising $5,307

  • 11c · Fees: accounting

    total $41,041 · management and general $41,041

  • 11d · Fees: lobbying

    total $57,920 · program services $57,920

  • 11f · Fees: investment management

    total $45,382 · management and general $45,382

  • 11g · Fees: other

    total $639,255 · program services $367,823 · management and general $164,110 · fundraising $107,322

  • 12 · Advertising and promotion

    total $187,362 · program services $158,339 · management and general $16,605 · fundraising $12,418

  • 13 · Office expenses

    total $146,070 · program services $98,060 · management and general $43,606 · fundraising $4,404

  • 16 · Occupancy

    total $10,527 · program services $8,324 · management and general $2,203

  • 17 · Travel

    total $90,918 · program services $62,006 · management and general $8,669 · fundraising $20,243

  • 23 · Insurance

    total $7,784 · program services $1,598 · management and general $6,186

  • 24a · Other expenses: PROGRAM EXPENSE - COACH

    total $245,385 · program services $245,385

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $103,203 · fundraising $103,203

  • 24c · Other expenses: BANK & MERCHANT FEES

    total $33,027 · management and general $33,027

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $5,065 · program services $13 · management and general $1,202 · fundraising $3,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $568,849 · end of year $325,614

  • 2 · Savings and temporary cash investments

    beginning of year $147,354 · end of year $471,262

  • 3 · Pledges and grants receivable

    beginning of year $718,350 · end of year $570,280

  • 4 · Accounts receivable

    beginning of year $16,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,339 · end of year $12,122

  • 12 · Investments: other securities

    beginning of year $4,096,839 · end of year $4,442,013

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,459 · end of year $78,513

  • 27 · Net assets without donor restrictions

    beginning of year $2,518,772 · end of year $2,469,368

  • 28 · Net assets with donor restrictions

    beginning of year $3,000,000 · end of year $3,273,410

Mission and programs · 2024

Mission

VETS PROVIDES RESOURCES, RESEARCH, AND ADVOCACY FOR U.S. MILITARY VETERANS SEEKING TREATMENT WITH PSYCHEDELIC-ASSISTED THERAPIES.

  • RESOURCES - PROVIDES GRANT FUNDING (RESOURCES) TO INDIVIDUAL VETERANS SEEKING PSYCHEDELIC-ASSISTED THERAPIES IN COUNTRIES WHERE THEY ARE LEGAL, TRACKS OUTCOMES TO PUT INTO DEDICATED SCIENTIFIC RESEARCH, IN ORDER TO ADVOCATE FOR THE REMARKABLE EFFICACY OF THESE THERAPIES IN ORDER TO CHANGE THE LANDSCAPE OF VETERAN HEALTHCARE

    Expenses $940,979 · Grants $628,800

  • RESEARCH - PROVIDE FUNDING AND SUPPORT FOR RESEARCH INTO PSYCHEDELIC-ASSISTED THERAPIES. THIS INCLUDES FUNDING DIRECT RESEARCH COSTS AND OTHER RELATED COSTS.

    Expenses $159,445 · Grants $77,323

  • ADVOCACY - PUBLICLY ADVOCATING FOR ACCESS TO PSYCHEDELIC-ASSISTED THERAPIES FOR ALL VETERANS. INCLUDES ENGAGEMENT AND SUPPORT OF LEGISLATION AT THE STATE AND FEDERAL LEVEL THAT WILL LEAD TO EXPANDED ACCESS TO PSYCHEDELIC-ASSISTED THERAPIES.

    Expenses $433,129

  • Expenses $814,181

As filed on the 2024 return.

Listed in Part VII

  • Marcus Capone

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    25

  • Jarred Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dylan Hallerberg

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Kevin Weiss

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nick Norris

    MEMBER (UNTIL 07/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Sara Wilkinson

    MEMBER (UNTIL 04/30/24)

    Total calculated
    $0
    Hours/week
    1

  • Amber Capone

    CO-FOUNDER & CEO

    Total calculated
    $179,350
    From this org
    $178,750
    From related orgs
    $0
    Other
    $600
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $178,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $600
    Filer's total
    $179,350

  • Stacy Fiske

    CFO & COO

    Total calculated
    $111,500
    From this org
    $111,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Lori Beth Camper

    PROGRAM DIRECTOR

    Total calculated
    $115,740
    From this org
    $115,740
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kristen Grenier

    CHIEF OF STAFF

    Total calculated
    $111,500
    From this org
    $111,500
    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. 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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

  • THE OHIO STATE UNIVERSITY

    $77,323

    DR. ALAN DAVIS OF THE OHIO STATE'S CENTER FOR PSYCHEDELIC DRUG RESEARCH AND EDUCATION (CPDRE) IS LEADING PROGRAM EVALUATION OF VETS GRANTS RECIPIENTS.

Provenance

Return type
form_990
Tax year
2024
Filed
31 July 2025
IRS schema version
2024v5.2
Source object
202502139349300040

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