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Nonprofiteer
← AMERICAN VETS GROUP FOUNDATION INC

Form 990 for tax year 2022

Filed by AMERICAN VETS GROUP FOUNDATION INC.

Totals

Total revenue
$315,650
Total expenses
$390,355
Contributions and grants received
$315,650
Grants paid
$287,150
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
-$70,581
Total liabilities, end of year
$90
Net assets or fund balances, end of year
-$70,671
Program services expenses (Part IX)
$390,355
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 1d · Related organizations

    $315,650

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $287,150 · program services $287,150

  • 11g · Fees: other

    total $705 · program services $705

  • 14 · Information technology

    total $10,000 · program services $10,000

  • 24a · Other expenses: FEDERAL TAXES

    total $62,500 · program services $62,500

  • 24b · Other expenses: NYS TAX

    total $30,000 · program services $30,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,124 · end of year $22,319

  • 7 · Other notes and loans receivable

    end of year -$92,900

  • 25 · Other liabilities

    beginning of year $90 · end of year $90

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,034 · end of year -$70,671

Mission and programs · 2022

Mission

VOLUNTEERING AND DONATING FUNDS TO U.S. MILITARY VETERAN SUPPORT ORGANIZATIONS

Activities or mission (Part I)

SUPPORTS VETERANS AND ORGANIZATIONS THAT SUPPORT VETERANS. THE FOUNDATION DIRECTS SUPPORT OPPORTUNITIES TO SPECIFIC COMMUNITY NEEDS.

  • THE FOUNDATION RECEIVES DISTRIBUTIONS FROM THE EQUITY IN AMERICAN VETERANS GROUP, PBC. THE 25% EQUITY WAS GIFTED TO THE FOUNDATION.

As filed on the 2022 return.

Listed in Part VII

  • Wade Franklin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • William Frazier

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stuart Berelson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Laraway

    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202331329349306248

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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