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Nonprofiteer
← AMERICAN VETERANS THRIFT STORE INC

Form 990 for tax year 2023

Filed by AMERICAN VETERANS THRIFT STORE INC.

Totals

Total revenue
$988,410
Total expenses
$958,363
Contributions and grants received
$0
Grants paid
$66,000
Program service revenue
$988,410
Investment income
$0
Other revenue
$0
Total assets, end of year
$319,532
Total liabilities, end of year
$160,640
Net assets or fund balances, end of year
$158,892
Program services expenses (Part IX)
$660,159
Management and general expenses
$298,204
Fundraising expenses
$0
Program service expenses (Part III)
$660,159

Program services were 68.9% 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.

  • 2a · Program service revenue: ITEM SALES

    total $988,410 · related or exempt $988,410

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,000 · program services $66,000

  • 5 · Compensation of officers, directors and key employees

    total $69,231 · program services $69,231

  • 7 · Other salaries and wages

    total $343,836 · program services $343,836

  • 10 · Payroll taxes

    total $31,698 · program services $31,698

  • 11c · Fees: accounting

    total $5,089 · program services $3,416 · management and general $1,673

  • 12 · Advertising and promotion

    total $4,984 · program services $4,984

  • 13 · Office expenses

    total $4,798 · management and general $4,798

  • 16 · Occupancy

    total $286,458 · management and general $286,458

  • 20 · Interest

    total $5,275 · management and general $5,275

  • 22 · Depreciation, depletion and amortization

    total $43,291 · program services $43,291

  • 23 · Insurance

    total $28,052 · program services $28,052

  • 24a · Other expenses: SUPPLIES

    total $27,503 · program services $27,503

  • 24b · Other expenses: MERCHANT ACCOUNT FEES

    total $23,530 · program services $23,530

  • 24c · Other expenses: AUTOMOBILE EXPENSE

    total $9,150 · program services $9,150

  • 24d · Other expenses: MEALS

    total $9,259 · program services $9,259

  • 24e · All other expenses

    total $209 · program services $209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,024 · end of year $250,664

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,466

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

    $173,097

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

    $105,066

  • 10c · Land, buildings and equipment, net

    beginning of year $111,157 · end of year $68,031

  • 14 · Intangible assets

    beginning of year $1,002 · end of year $837

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,996

  • 22 · Loans and payables to officers and key people

    beginning of year $14,308 · end of year $14,608

  • 24 · Unsecured notes and loans payable

    beginning of year $148,500 · end of year $145,375

  • 25 · Other liabilities

    end of year $657

  • 27 · Net assets without donor restrictions

    beginning of year $128,845 · end of year $158,892

Mission and programs · 2023

Mission

FINANCIALLY ASSIST MILITARY VETERANS AND THEIR FAMILIES IN NEED

  • FINANCIALLY ASSIST MILITARY VETERANS AND THEIR FAMILIES IN NEED

    Expenses $660,159

As filed on the 2023 return.

Listed in Part VII

  • Elizabeth Cooley

    PRESIDENT

    Total calculated
    $69,231
    From this org
    $69,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Mathew Lusky

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Christy Erickson

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413179349300536

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