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Nonprofiteer
← VETERANS OF FOREIGN WARS FOUNDATION

Form 990 for tax year 2022

Filed by VETERANS OF FOREIGN WARS FOUNDATION.

Totals

Total revenue
$6,641,559
Total expenses
$4,821,481
Contributions and grants received
$4,797,779
Grants paid
$3,230,059
Program service revenue
$0
Investment income
$1,843,780
Other revenue
$0
Total assets, end of year
$18,903,417
Total liabilities, end of year
$365,231
Net assets or fund balances, end of year
$18,538,186
Program services expenses (Part IX)
$3,646,494
Management and general expenses
$508,585
Fundraising expenses
$666,402
Program service expenses (Part III)
$3,646,494

Program services were 75.6% 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.

  • 1a · Federated campaigns

    $44,434

  • 1f · All other contributions, gifts and grants

    $4,753,345

  • 1g · Noncash contributions included above

    $133,080

  • 3 · Investment income

    total $411,504 · excluded $411,504

  • 7a · Gross sales of assets other than inventory

    securities $32,634,976

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

    securities $31,202,700

  • 7c · Gain or loss

    securities $1,432,276

  • 7d · Net gain or loss

    total $1,432,276 · excluded $1,432,276

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,634,000 · program services $2,634,000

  • 2 · Grants to domestic individuals

    total $596,059 · program services $596,059

  • 5 · Compensation of officers, directors and key employees

    total $198,846 · program services $39,770 · management and general $79,538 · fundraising $79,538

  • 7 · Other salaries and wages

    total $425,289 · program services $105,568 · management and general $147,043 · fundraising $172,678

  • 8 · Pension plan contributions

    total $41,223 · program services $10,233 · management and general $14,253 · fundraising $16,737

  • 9 · Other employee benefits

    total $112,256 · program services $27,865 · management and general $38,812 · fundraising $45,579

  • 10 · Payroll taxes

    total $45,717 · program services $11,348 · management and general $15,807 · fundraising $18,562

  • 11b · Fees: legal

    total $39,570 · management and general $39,570

  • 11c · Fees: accounting

    total $18,955 · management and general $18,955

  • 11f · Fees: investment management

    total $25,743 · management and general $25,743

  • 11g · Fees: other

    total $132,604 · management and general $69,202 · fundraising $63,402

  • 12 · Advertising and promotion

    total $332,002 · program services $163,664 · fundraising $168,338

  • 13 · Office expenses

    total $97,290 · program services $13,247 · management and general $37,562 · fundraising $46,481

  • 16 · Occupancy

    total $43,212 · program services $10,223 · management and general $15,507 · fundraising $17,482

  • 17 · Travel

    total $60,343 · program services $30,171 · fundraising $30,172

  • 22 · Depreciation, depletion and amortization

    total $18,372 · program services $4,346 · management and general $6,593 · fundraising $7,433

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,583,460 · end of year $8,887,256

  • 3 · Pledges and grants receivable

    beginning of year $350,000 · end of year $43,351

  • 4 · Accounts receivable

    beginning of year $6,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $177,418 · end of year $9,411

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

    $86,084

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

    $63,667

  • 10c · Land, buildings and equipment, net

    beginning of year $40,789 · end of year $22,417

  • 11 · Investments: publicly traded securities

    beginning of year $14,675,252 · end of year $9,898,512

  • 15 · Other assets

    beginning of year $32,599 · end of year $42,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $281,400 · end of year $236,851

  • 25 · Other liabilities

    beginning of year $67,031 · end of year $128,380

  • 27 · Net assets without donor restrictions

    beginning of year $12,073,161 · end of year $12,984,731

  • 28 · Net assets with donor restrictions

    beginning of year $5,444,732 · end of year $5,553,455

Mission and programs · 2022

Mission

THE VFW FOUNDATION'S MISSION IS TO SERVE AND ENHANCE THE LIVES OF MILITARY VETERANS, SERVICE MEMBERS, AND THEIR FAMILIES BY SECURING RESOURCES TO PROMOTE POSITIVE OUTCOMES.

Activities or mission (Part I)

SECURE AND PROVIDE SUPPORT FOR VETERANS AND THEIR FAMILIES; ASSIST VETERANS TRANSITIONING TO CIVILIAN LIFE; SUPPORT VFW NATIONAL VETERAN SERVICE OFFICERS, WHO PROVIDE FREE ASSISTANCE TO ANY VETERAN WITH THEIR VETERANS AFFAIRS (VA) FILINGS.

  • VETERANS SERVICE ACTIVITIES - THE MISSION IS TO SECURE, MANAGE AND DISTRIBUTE RESOURCES TO SUPPORT VETERANS, ACTIVE-DUTY PERSONNEL, THE NATIONAL GUARD AND RESERVE, THEIR FAMILIES AND COMMUNITIES. THE VFW FOUNDATION, IN SUPPORT OF THIS MISSION, ASSISTED OVER 480 MILITARY FAMILIES IN NEED OF FINANCIAL ASSISTANCE WITH DISBURSEMENTS OF $596,059 THROUGH THE UN-MET NEEDS PROGRAM TO HELP FAMILIES EXPERIENCING FINANCIAL HARDSHIPS WITH MORTGAGE, CAR LOANS, UTILITIES AND OTHER PAYMENTS. THE VFW FOUNDATION PROVIDED GRANTS OF $120,000 THAT WERE USED FOR RECOGNITION EVENTS FOR MILITARY MEMBERS AND THEIR FAMILIES AND OTHER PROGRAMS TO ASSIST VETERANS. THE VFW FOUNDATION PROVIDED A $14,000 GRANT TO ASSIST WITH VALOR MEDALS REVIEW TO HELP IDENTIFY VETERANS THAT SERVED IN WORLD WAR I THAT MAY HAVE BEEN DENIED THE MEDAL OF HONOR BECAUSE OF RACE. THE VFW FOUNDATION EXPENDED $1,500,000 TO PROVIDE SCHOLARSHIPS FOR THE VFW'S HELP-A-HERO SCHOLARSHIP PROGRAM. THIS PROGRAM PROVIDES UP TO $5,000 IN SCHOLARSHIPS TO VETERANS OR CURRENT MILITARY PERSONNEL WITH A RANK OF E-5 OR BELOW. ADDITIONALLY, THE VFW FOUNDATION EXPENDED $500,000 TO SUPPORT VFW SERVICE OFFICERS. THESE OFFICERS PLAY A KEY ROLE IN ASSISTING VETERANS IN DEALING WITH THE DEPARTMENT OF VETERANS AFFAIRS AND OTHER AGENCIES. THESE OFFICERS ARE FORMALLY TRAINED AND ACCREDITED TO REPRESENT VETERANS AND THEIR DEPENDENTS OR SURVIVORS. THIS STRUCTURE ENSURES THAT NO VETERAN, DEPENDENT OR SURVIVOR NEEDS TO DEAL WITH THE AGENCIES ADMINISTERING VETERAN'S PROGRAMS WITHOUT EXPERT REPRESENTATION. DURING FISCAL YEAR 2023, NEARLY 575,000 VETERANS REPRESENTED BY VFW SERVICE OFFICERS RECEIVED OVER $13 BILLION IN BENEFITS FROM THE DEPARTMENT OF VETERANS ADMINISTRATION.

    Expenses $2,868,978 · Grants $2,730,059

  • COMMUNITY SERVICE & PUBLIC AWARENESS - THE MISSION SUPPORTS PROGRAMS THAT FOSTER PATRIOTISM, CITIZENSHIP EDUCATION AND VOLUNTEERISM, COMMUNITY IMPROVEMENT AND YOUTH DEVELOPMENT PROGRAMS. THE VFW FOUNDATION MADE GRANTS OF $500,000 TO ASSIST VFW POSTS AND AUXILIARIES WITH OUTREACH PROJECTS IN THEIR RESPECTIVE COMMUNITIES, SO THAT VFW POSTS COULD CONTINUE TO BE A RESOURCE FOR THEIR LOCAL COMMUNITIES.

    Expenses $777,516 · Grants $500,000

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

Listed in Part VII

  • DAN WEST

    PRESIDENT

    Total calculated
    $203,339
    From this org
    $0
    From related orgs
    $181,449
    Other
    $21,890
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,417 related
    Bonus
    $0
    Other
    $0 + $3,032 related
    Deferred
    $0 + $21,890 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $203,339 related

  • MARC GARDUNO

    SECRETARY/TREASURER

    Total calculated
    $191,641
    From this org
    $0
    From related orgs
    $169,418
    Other
    $22,223
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,737 related
    Bonus
    $0
    Other
    $0 + $2,681 related
    Deferred
    $0 + $22,223 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $191,641 related

  • LISA BARONIO

    EXECUTIVE DIRECTOR

    Total calculated
    $68,482
    From this org
    $0
    From related orgs
    $60,527
    Other
    $7,955
    Hours/week
    50

  • DUANE T SARMIENTO

    BOARD MEMBER

    Total calculated
    $181,521
    From this org
    $0
    From related orgs
    $171,918
    Other
    $9,603
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,464 related
    Bonus
    $0
    Other
    $0 + $5,454 related
    Deferred
    $0 + $8,322 related
    Nontaxable benefits
    $0 + $1,281 related
    Filer's total
    $0 + $181,521 related

  • RICHARD FREIBURGHOUSE

    MANAGER

    Total calculated
    $139,053
    From this org
    $0
    From related orgs
    $108,444
    Other
    $30,609
    Hours/week
    45

  • ANN PANTELEAKOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GORDON B LOGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL F DEROSA

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • ANTHONY PRINCIPI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW CARPENTER

    BOARD MEMBER

    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. 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 · 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202313549349300511

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