Form 990 for tax year 2023
Filed by VETERANS OF FOREIGN WARS DEPT OF KENTUCKY.
Totals
- Total revenue
- $234,262
- Total expenses
- $137,647
- Contributions and grants received
- $629
- Grants paid
- $5,632
- Program service revenue
- $0
- Investment income
- $825
- Other revenue
- $232,808
- Total assets, end of year
- $432,390
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $432,390
- Program services expenses (Part IX)
- $5,632
- Management and general expenses
- $132,015
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $5,632
Program services were 4.1% 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.
-
1b · Membership dues
$554
-
1f · All other contributions, gifts and grants
$75
-
3 · Investment income
total $825 · excluded $825
-
6a · Gross rents
real property $17,897
-
6c · Rental income or loss
real property $17,897
-
6d · Net rental income or loss
total $17,897 · unrelated business $17,897
-
9a · Gaming: gross income
$1,904,187
-
9b · Gaming: direct expenses
$1,818,028
-
9c · Net income from gaming
total $86,159 · unrelated business $86,159
-
10a · Gross sales of inventory
$231,920
-
10b · Cost of goods sold
$129,655
-
10c · Net income from sales of inventory
total $102,265 · unrelated business $102,265
-
11a · Other revenue: ATM Commissions
total $1,487 · excluded $1,487
-
11b · Other revenue: Pull Tab Commissions
total $25,000 · unrelated business $25,000
-
11e · Other revenue, total
$26,487
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $5,632 · program services $5,632
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $51,832 · management and general $51,832
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $4,406 · management and general $4,406
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,982 · management and general $6,982
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $579 · management and general $579
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $15,141 · management and general $15,141
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $75 · management and general $75
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $12,128 · management and general $12,128
-
24a · Other expenses: Property Tax
total $6,711 · management and general $6,711
-
24b · Other expenses: Utilities
total $22,354 · management and general $22,354
-
24c · Other expenses: Telephone/Interenet
total $2,608 · management and general $2,608
-
24e · All other expenses
total $9,199 · management and general $9,199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,706 · end of year $150,539
-
2 · Savings and temporary cash investments
beginning of year $26,783 · end of year $27,608
-
8 · Inventories for sale or use
beginning of year $3,278 · end of year $4,618
-
10a · Land, buildings and equipment: cost or other basis
$249,625
-
10c · Land, buildings and equipment, net
beginning of year $247,008 · end of year $249,625
-
31 · Retained earnings, endowment or other funds
beginning of year $335,775 · end of year $432,390
Mission and programs · 2023
Mission
The Organization supports its members and their families as well as handicapped and hospitalized Veterans who are hospitalized in the local Veterans hospital. It provides financial support as well as fellowship activites for its members via its facilities.
Activities or mission (Part I)
The Organization supports its Veteran members as well as Handicapped and Homeless Veterans. They also provide mental and financial support to their members
-
The Organization holds an annual picnic during the year to support its programs. Proceeds from this event as well as other events enables the Organization to financially support its members through its facilities.
As filed on the 2023 return.
Listed in Part VII
-
Melvin Reed
Quartermaster
- Total calculated
- $0
- Hours/week
- 35 + 30 related
-
Jonathan Allen
Commander
- Total calculated
- $0
- Hours/week
- 25 + 15 related
-
Richard Lorenzo
Sr Vice Commander
- Total calculated
- $0
- Hours/week
- 10 + 15 related
-
Martha Lain
Adjutant
- Total calculated
- $0
- Hours/week
- 10 + 5 related
-
Martin Rouck
Jr Vice Commander
- Total calculated
- $0
- Hours/week
- 10 + 5 related
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
-
Miscellaneous Charities
$5,632
Support
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411359349309651
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