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← VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF MARYLAND

Form 990 for tax year 2022

Filed by VETERANS OF FOREIGN WARS OF THE UNITED STATES DEPT OF MARYLAND.

Totals

Total revenue
$264,234
Total expenses
$126,346
Contributions and grants received
$0
Grants paid
$6,000
Program service revenue
$8,325
Investment income
$265
Other revenue
$255,644
Total assets, end of year
$1,724,239
Total liabilities, end of year
$34,957
Net assets or fund balances, end of year
$1,689,282
Program services expenses (Part IX)
$10,000
Management and general expenses
$116,346
Fundraising expenses
$0
Program service expenses (Part III)
$10,000

Program services were 7.9% 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: DUES & ASSESSMENTS

    total $4,463 · related or exempt $4,463

  • 2b · Program service revenue: PROGRAM SERVICE REVENUE

    total $3,862 · related or exempt $3,862

  • 3 · Investment income

    total $265 · related or exempt $265

  • 6a · Gross rents

    personal property $7,137

  • 6c · Rental income or loss

    personal property $7,137

  • 6d · Net rental income or loss

    total $7,137 · related or exempt $7,137

  • 8a · Fundraising events: gross income

    $70,146

  • 8b · Fundraising events: direct expenses

    $50,000

  • 8c · Net income from fundraising events

    total $20,146

  • 10a · Gross sales of inventory

    $730,698

  • 10b · Cost of goods sold

    $502,337

  • 10c · Net income from sales of inventory

    total $228,361 · related or exempt $228,361

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 4 · Benefits paid to or for members

    total $4,000 · program services $4,000

  • 16 · Occupancy

    total $32,433 · management and general $32,433

  • 19 · Conferences, conventions and meetings

    total $2,750 · management and general $2,750

  • 20 · Interest

    total $2,587 · management and general $2,587

  • 23 · Insurance

    total $10,127 · management and general $10,127

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $56,130 · management and general $56,130

  • 24b · Other expenses: SUPPLIES

    total $8,917 · management and general $8,917

  • 24c · Other expenses: TELEPHONE

    total $3,402 · management and general $3,402

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,963 · end of year $358,105

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

    $1,366,134

  • 10c · Land, buildings and equipment, net

    beginning of year $1,366,134 · end of year $1,366,134

  • 23 · Secured mortgages and notes payable

    beginning of year $56,703 · end of year $34,957

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,551,394 · end of year $1,689,282

Mission and programs · 2022

Mission

VETERANS OF FOREIGN WARS/WELLS MCCOMAS POST 2678

  • CONTRIBUTIONS PAID TO VARIOUS ORGANIZATIONS AND COMMUNITY BENEFITS AND FUNCTIONS

    Expenses $6,000

  • DUES, FEES & BENEFITS PAID FOR MEMBERS

    Expenses $4,000

As filed on the 2022 return.

Listed in Part VII

  • John Gistedt

    QUARTERMASTE

    Total calculated
    $0

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
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202341249349301414

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