Civic Intelligence

Veterans of Foreign Wars

EIN 04-2131359 • 501(c)19 • Stoughton, MA

Profile

Social establishment for veterans

14 Seaver StreetStoughton, MA 02072

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)19 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)19 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

501(c)19 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)19 • $1M-$5M nonprofits • Source year 2024

Asset Growth

100th percentile

493%

Faster asset growth than 100% of similar nonprofits.

501(c)19 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

495%

Faster revenue growth than 98% of similar nonprofits.

501(c)19 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$954,599

Up $793,741 (+493%) from 2023

Liabilities

Down

$0

Down $2,511 (-100%) from 2023

Net Assets

Up

$954,599

Up $796,252 (+503%) from 2023

Revenue

Up

$914,183

Up $760,580 (+495%) from 2023

Expenses

Down

$117,835

Down $32,955 (-22%) from 2023

Net Income

Up

$796,348

Up $793,535 (+28210%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2012: $307,480Liabilities 2012: $3,886Net Assets 2012: $303,5942012Assets 2013: $284,327Liabilities 2013: $2,859Net Assets 2013: $281,4682013Assets 2014: $270,278Liabilities 2014: $2,859Net Assets 2014: $267,4192014Assets 2015: $260,879Liabilities 2015: $1,695Net Assets 2015: $259,1842015Assets 2016: $279,771Liabilities 2016: $32,895Net Assets 2016: $246,8762016Assets 2017: $278,960Liabilities 2017: $23,210Net Assets 2017: $255,7502017Assets 2018: $237,119Liabilities 2018: $15,209Net Assets 2018: $221,9102018Assets 2019: $248,491Liabilities 2019: $12,088Net Assets 2019: $236,4032019Assets 2021: $176,800Liabilities 2021: $9,843Net Assets 2021: $166,9572021Assets 2022: $165,184Liabilities 2022: $9,650Net Assets 2022: $155,5342022Assets 2023: $160,858Liabilities 2023: $2,511Net Assets 2023: $158,3472023Assets 2024: $954,599Liabilities 2024: $0Net Assets 2024: $954,5992024

Highlighted filing

2024

Assets$954,599
Liabilities$0
Net Assets$954,599

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $211,6192012Revenue 2013: $186,207Expenses 2013: $208,333Net Income 2013: -$22,1262013Revenue 2014: $194,556Expenses 2014: $208,605Net Income 2014: -$14,0492014Revenue 2015: $202,751Expenses 2015: $210,986Net Income 2015: -$8,2352015Revenue 2016: $195,696Expenses 2016: $208,004Net Income 2016: -$12,3082016Revenue 2017: $225,013Expenses 2017: $216,139Net Income 2017: $8,8742017Revenue 2018: $180,803Expenses 2018: $214,643Net Income 2018: -$33,8402018Revenue 2019: $233,960Expenses 2019: $219,467Net Income 2019: $14,4932019Revenue 2021: $45,184Expenses 2021: $68,505Net Income 2021: -$23,3212021Revenue 2022: $160,620Expenses 2022: $172,043Net Income 2022: -$11,4232022Revenue 2023: $153,603Expenses 2023: $150,790Net Income 2023: $2,8132023Revenue 2024: $914,183Expenses 2024: $117,835Net Income 2024: $796,3482024

Highlighted filing

2024

Revenue$914,183
Expenses$117,835
Net Income$796,348

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2024
Return Version
2023v6.0
Gross Receipts
$1,116,744
Mission and Program Overview

Mission

Social establishment for veterans

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$126,484$650,117▲ $523,633
Cash and Non-Interest-Bearing Accounts$24,456$286,946▲ $262,490
Savings and Temporary Cash Investments$5,614$12,630▲ $7,016
Inventories for Sale or Use$4,304$4,906▲ $602
Total Assets$160,858$954,599▲ $793,741
Liabilities
Other Liabilities$2,511--
Total Liabilities$2,511$0▼ $2,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$158,347$954,599▲ $796,252
Total Net Assets Fund Balance$158,347$954,599▲ $796,252
Total Liabilities and Net Assets / Fund Balance$160,858$954,599▲ $793,741

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$607,200$4,841$612,041
Land$39,511-$39,511
Equipment$3,406$179$3,585
Compensation and Service Providers

Board Members and Trustees

NameTitle
James KellyPresident
Brian TurnerClerk
James KellyCommander
Richard JazmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,884
Program Service Revenue
$0
Investment Income
$827,153
Other Revenue
$32,146
All Other Contributions
$54,884
Change in Net Assets
$796,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,466
Salaries, Compensation, and Employee Benefits$36,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,195$3,244-$32,439
All Other Expenses$10,965$1,107-$12,072
Insurance$9,999$1,100-$11,099
Fees for Services Accounting$6,149$683-$6,832
Depreciation Depletion$6,568--$6,568
Other Expenses$4,045$450-$4,495
Payroll Taxes$3,537$393-$3,930
Fees for Services Other$1,692$188-$1,880
Occupancy$1,117--$1,117
Office Expenses$885$91-$976
Information Technology$532--$532
Total Functional Expenses$107,673$10,162$0$117,835
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$25,094
Gaming Direct Expenses$21,943
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The trustee meets with the cpa to discuss the tax return form 990 and form 990t and then meets with the board of directors to discuss

Form 990, Page 6, Part VI, Line 12C

The organization has a written conflict of interest policy that the board and key employees follow

Form 990, Page 6, Part VI, Line 19

Conflict of interest policy and financial statements are available at the veterans of foreign wars michael romanuk post 1645 837 washington street, stoughton, ma 02072

Filing and Contact Details

Filer

Filer Name
Veterans of Foreign Wars
EIN
04-2131359
Phone
7813441645
Address
14 SEAVER STREET, STOUGHTON, MA 02072

Signing Officer

Name
Richard Jazman
Title
Treasurer
Phone
7813441645
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Kelly
Formed
1950
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
10

Preparer

Firm
Gonsalves & Woods Pc
Address
331 PAGE STREET SUITE 2, STOUGHTON, MA 02072-1172
Preparer
Susan Gonsalves
Phone
5088237000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Security 3,306 367 0 repairs and maintenance 2,971 330 0 supplies 2,011 223 0 licenses, permits and fee 1,216 135 0 uniforms 995 0 0 bank charges 466 52 0 total 10,965 1,107 0

Form 990, Part XI, Line 9

Book / tax depreciation difference -96

Raw XML Appendix327 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUSTEE MEETS WITH THE CPA TO DISCUSS THE TAX RETURN FORM 990 AND FORM 990T AND THEN MEETS WITH THE BOARD OF DIRECTORS TO DISCUSS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT THE BOARD AND KEY EMPLOYEES FOLLOW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE VETERANS OF FOREIGN WARS MICHAEL ROMANUK POST 1645 837 WASHINGTON STREET, STOUGHTON, MA 02072
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SECURITY 3,306 367 0 REPAIRS AND MAINTENANCE 2,971 330 0 SUPPLIES 2,011 223 0 LICENSES, PERMITS AND FEE 1,216 135 0 UNIFORMS 995 0 0 BANK CHARGES 466 52 0 TOTAL 10,965 1,107 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE -96
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/PreparerPersonGrp/PhoneNum05088237000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
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ReturnHeader/ReturnTs02025-05-15T11:58:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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