← VETERANS EDUCATION TRAINING & SUPPORT INC

Form 990 for tax year 2023

Filed by VETERANS EDUCATION TRAINING & SUPPORT INC.

Totals

Total revenue: $795,334
Total expenses: $810,155
Contributions and grants received: $10,582
Grants paid: $163,687
Program service revenue: $762,920
Investment income: $4,880
Other revenue: $16,952
Total assets, end of year: $490,532
Total liabilities, end of year: $355,341
Net assets or fund balances, end of year: $135,191
Program services expenses (Part IX): $678,799
Management and general expenses: $131,356
Fundraising expenses: $0
Program service expenses (Part III): $678,799

Program services were 83.8% 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

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$10,582
1g · Noncash contributions included above

$3,300
2a · Program service revenue: Full-Service Restaurants - Sales + Tax

total $324,810 · related or exempt $324,810 · unrelated business $0 · excluded $0
2b · Program service revenue: Bowling Centers - Bowling Arcade Vending

total $431,610 · related or exempt $431,610 · unrelated business $0 · excluded $0
2c · Program service revenue: Fitness and Recreational - Outside

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue: Bowling Centers - Youth Bowling

total $6,500 · related or exempt $6,500 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $4,128 · related or exempt $4,128 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $256 · related or exempt $256 · unrelated business $0 · excluded $0
6a · Gross rents

real property $3,390 · personal property $0
6b · Less rental expenses

real property $3,389 · personal property $0
6c · Rental income or loss

real property $1 · personal property $0
6d · Net rental income or loss

total $1 · related or exempt $1 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $752
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $752
7d · Net gain or loss

total $752 · related or exempt $752 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$6,191
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $6,191 · related or exempt $6,191 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: ATM & Credit Card Fees

total $10,504 · related or exempt $10,504 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$10,504

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $10,933 · program services $10,933
2 · Grants to domestic individuals

total $152,754 · program services $152,754
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $60,000 · program services $60,000 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $46,490 · program services $46,490 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $29,892 · program services $0 · management and general $29,892 · fundraising $0
11a · Fees: management

total $4,670 · program services $0 · management and general $4,670 · fundraising $0
11b · Fees: legal

total $200 · program services $0 · management and general $200 · fundraising $0
11c · Fees: accounting

total $1,510 · program services $0 · management and general $1,510 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $28,215 · program services $9,890 · management and general $18,325 · fundraising $0
13 · Office expenses

total $4,469 · program services $1,659 · management and general $2,810 · fundraising $0
14 · Information technology

total $2,155 · program services $0 · management and general $2,155 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $1,340 · program services $0 · management and general $1,340 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $730 · program services $365 · management and general $365 · fundraising $0
20 · Interest

total $23,972 · program services $0 · management and general $23,972 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $18,600 · program services $0 · management and general $18,600 · fundraising $0
23 · Insurance

total $15,977 · program services $0 · management and general $15,977 · fundraising $0
24a · Other expenses: Banking Fees,

total $1,433 · program services $0 · management and general $1,433 · fundraising $0
24b · Other expenses: Repairs, Maintenance, Revonations

total $173,576 · program services $173,576 · management and general $0 · fundraising $0
24c · Other expenses: Cost of Goods

total $161,880 · program services $161,880 · management and general $0 · fundraising $0
24d · Other expenses: Government Fees & Utilities

total $71,359 · program services $61,252 · management and general $10,107 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $303,446 · end of year $310,374
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $237 · end of year $4,906
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$236,852
10b · Land, buildings and equipment: accumulated depreciation

$111,600
10c · Land, buildings and equipment, net

beginning of year $143,852 · end of year $125,252
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $50,000 · end of year $50,000
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $365,324 · end of year $355,341
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $68,711 · end of year $118,273
28 · Net assets with donor restrictions

beginning of year $63,500 · end of year $16,918

Mission and programs · 2023

Mission

VETS INC operates The Landing Zone a Family Recreation Center. Our MISSION is to make The Landing Zone a special and unique Recreation & Rehabilitation Facility for Veterans and the Community. Our vision of a Veteran recovery center paired with a community recreation center is one of a kind. The tools we use to accomplish our objectives include activities such as individual and group counselling open and league bowling an arcade restaurant and special event venue. Other organizations focus either on Veterans and Veterans Support or Community Recreation activities our mission is to fully integrate those programs for the good of the Community and to bring those with Special Needs into a closer relationship with the Community. In the military a safe place for extracting wounding and inserting reinforcements is The Landing Zone. Our mission is to create a Recreational Facility with a Purpose for Veterans and others within the Community in need of help.

Activities or mission (Part I)

Veteran and Community assistance and integration through job training. VETS INC through its Community Recreation Center "The Landing Zone" provides a place for Veterans to work or gather with others for Support and Understanding with the purpose of helping reintegration with the Community.

REVENUE FROM THE LANDING ZONE FAMILY RECREATION CENTER PROVIDES FOR ----- SUPPORT FOR VETERANS IN NEED -- HEALTH PHYSICAL & MENTAL: Assistance in working with the Local Veterans Administration - Completing Applications; Mentorship One on One Coaching and Counselling. LEGAL ASSISTANCE: Review of court documents Assistance in Landlord Tenant disputes Appearance in Court to help with legal issues. Writing Letters to settle legal issues. HOUSING: Assistance in contacting local housing resources completing applications for housing. TRANSPORTATION: Funds for repairs gas loan payments assistance with rides. FINANCIAL: Funds for food rent utilities Coaching Mentorship regarding Personal Finances Banking. COACHING MENTORSHIP: Space for Veteran's Organizations to meet Space for individual Veterans and others in need to gather in private to discuss issues obtain counselling and assistance for peers. receive coaching on various issues from experts.

Expenses $199,461 · Grants $163,687 · Revenue $12,193
OPERATION OF THE LANDING ZONE FAMILY RECREATION CENTER PROVIDES FOR -----TRANSITIONAL EMPLOYMENT FOR VETERANS AND MEMBERS OF THE COMMUNITY IN NEED. The Landing Zone provides Transitional Employment for individuals in the Community who are not able to get hired by a "Normal" business. TRAINING: Transitional Employees are able to receive training in a specific job that can help them move back into the Community at large. COACHING COUNSELLING: Employees are coached regarding accountability dependability responsibility the receive one on one Mentorship and Counselling regarding their performance. SALARY: Employees are paid minimum wage and they can receive Tips and possibly Bonus Pay.

Expenses $479,338 · Revenue $752,910

As filed on the 2023 return.

Listed in Part VII

Ronald LeBourdais

President

Total calculated

$0

Hours/week

40
Tony Sharkey

VP Executive Director

Total calculated

$60,000

From this org

$60,000

From related orgs

$0

Other

$0

Hours/week

80
Richard Edmonds

Legal Counsel Secretary

Total calculated

$0

Hours/week

20
Kenneth Crawford

Director

Total calculated

$0

Hours/week

10
Ryan Gray

Director

Total calculated

$0

Hours/week

20

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: 2023
Filed: 23 April 2024
IRS schema version: 2023v5.0
Source object: 202431149349300303

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