Liabilities / Assets
34th percentile
Higher debt load relative to assets than 34% of similar nonprofits.
Daugavas Vanagi Latvian Welfare
EIN 23-7408447 • 501(c)3 • Bronx, NY
Profile
Promote, maintain, and foster the preservation of latvian culture, language, education, and welfare
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
54th percentile
Higher debt load relative to revenue than 54% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Up$1,248,295
Up $84,557 (+7.3%) from 2023
Liabilities
Up$11,494
Up $11,494 from 2023
Net Assets
Up$1,236,801
Up $73,063 (+6.3%) from 2023
Revenue
Up$106,314
Up $7,023 (+7.1%) from 2023
Expenses
Down$86,429
Down $4,018 (-4.4%) from 2023
Net Income
Up$19,885
Up $11,041 (+125%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,248,295
- Liabilities
- $11,494
- Net assets
- $1,236,801
- Revenue
- $106,314
- Expenses
- $86,429
- Net income
- $19,885
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 13, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $106,314
Mission and Program Overview
Mission
Organize latvian cultural events, support latvian youth with latvian school scholarships, and provide help for the needy. Our organization strives to keep latvian culture, education, and language alive in the latvian diaspora community. Events occur in both latvian and english. We are also an organization that helps the needy. This is not limited to needy latvian- americans.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $618,284 | $618,284 | → $0 |
| Investments in Publicly Traded Securities | $466,884 | $534,345 | ▲ $67,461 |
| Cash and Non-Interest-Bearing Accounts | $58,074 | $75,166 | ▲ $17,092 |
| Savings and Temporary Cash Investments | $20,496 | $20,500 | ▲ $4 |
| Total Assets | $1,163,738 | $1,248,295 | ▲ $84,557 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $11,494 | - |
| Total Liabilities | $0 | $11,494 | ▲ $11,494 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,163,738 | $1,236,801 | ▲ $73,063 |
| Total Net Assets Fund Balance | $1,163,738 | $1,236,801 | ▲ $73,063 |
| Total Liabilities and Net Assets / Fund Balance | $1,163,738 | $1,248,295 | ▲ $84,557 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $617,895 | - | $617,895 |
| Equipment | $389 | - | $389 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| John Kancans | President |
| Anita Cirite | Director |
| Iize Kancans | Director |
| Valda Rainey | Director |
| Andris Zvargulis | Secretary |
| Vineta Zalite | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,019
- Program Service Revenue
- $69,630
- Investment Income
- $30,055
- Other Revenue
- $3,610
- All Other Contributions
- $3,019
- Change in Net Assets
- $19,885
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $80,229 |
| Grants and Similar Amounts Paid | $6,200 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $250 | $47,099 | - | $47,349 |
| Insurance | - | $13,391 | - | $13,391 |
| Fees for Services Other | $5,380 | $3,600 | - | $8,980 |
| Grants to Domestic Individuals | $6,200 | - | - | $6,200 |
| Fees for Service Investment Mgmnt Fees | - | $3,209 | - | $3,209 |
| Fees for Services Accounting | $2,198 | - | - | $2,198 |
| Conferences and Meetings | $881 | - | - | $881 |
| Information Technology | $420 | - | - | $420 |
| Other Expenses | $143 | - | - | $143 |
| All Other Expenses | $135 | - | - | $135 |
| Total Functional Expenses | $19,130 | $67,299 | $0 | $86,429 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying 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 2
“John kancans iize kancans president director married”
Form 990, Page 6, Part VI, Line 6
“Daugavas vanagi latvian welfare assoc inc. Is a nonprofit org with members that have a right to participate in the organization's governance and elect directors in a board”
Form 990, Page 6, Part VI, Line 7A
“Daugavas vanagi latvian welfare assoc inc. Is a nonprofit org with members that have a right to participate in the organization's governance and elect directors in a board”
Form 990, Page 6, Part VI, Line 11B
“Following completion is given to the board of directors during a board meeting for their immediate review and question before it is subsequently filled with irs”
Form 990, Page 6, Part VI, Line 12C
“The by-laws provide as follows: article 9. Conflict of interest policy: the board shall adopt and administer a conflict-of-interest policy. The policy should be amended from time to time to ensure it is in compliance with tax exemption under internal revenue code section 501(c)(3) and the laws of the state of new york.”
Form 990, Page 6, Part VI, Line 19
“Governing documents and conflict of interest policy are available upon request”
Filing and Contact Details
Filer
- Filer Name
- Daugavas Vanagi Latvian Welfare
- EIN
- 23-7408447
- Phone
- 9739512567
- Address
- 115 WEST 183RD STREET, BRONX, NY 10453
Signing Officer
- Name
- John Kancans
- Title
- President
- Phone
- 9739512567
- Signed
- 2025-05-13
Organization Details
- Principal Officer
- John Kancans
- Formed
- 1956
- Legal Domicile
- Ny
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 1
- Volunteers
- 12
Preparer
- Firm
- Brytebridge Consulting LLC
- Address
- 7021 UNIVERSITY BLVD, WINTER PARK, FL 32792-6719
- Preparer
- Ariana Stubbs
- Phone
- 8778579002
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Organize latvian cultural events, support latvian youth with latvian school scholarships, and provide help for the needy. Our organization strives to keep latvian culture, education, and language alive in the latvian diaspora community. Events occur in both latvian and english. We are also an organization that helps the needy. This is not limited to needy latvian- americans.”
Form 990, Part IX, Line 11G
“Supervisor 0 3,600 0 archiving documents fee 1,880 0 0 appraisal fees 3,500 0 0 total 5,380 3,600 0”
Form 990, Page 12, Part XII, Line 1
“Moving from cash accounting to accrual accounting allows the organization to recognize revenue and expenses when they are earned or incurred, rather than when cash changes hands. This helps us track long-term financial obligations and assets.”
Raw XML Appendix386 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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| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 135 |
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| IRS990/Desc | 0 | SUPPORTED THE AMERICAN LATVIAN YOUTH ASSOCIATION IN THE ORGANIZATION OF ITS ANNUAL MEETING OF MEMBERS IN NYC THAT WAS ATTENDED BY ABOUT 200 PEOPLE; SUPPORTED LATVIAN YOUTH CAMP 2X2 WHICH IS A SUMMER CAMP FOR LATVIAN YOUTH AGES 18 TO 30; ENGAGED IN PREPARATION TO SELL THE ORGANIZATIONS BUILDING IN THE BRONX, NY BY CONDUCTING INVENTORIES, FILLING DUMPSTER WITH UNNEEDED ITEMS, ORDERING REAL ESTATE APPRAISAL, SENDING MEMBERS UPDATES ON SALES PROCEDURE, ETC. |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
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| IRS990/ExpenseAmt | 0 | 12930 |
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| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2198 |
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| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
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| IRS990/InvestmentInJointVentureInd | 0 | false |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE ORGANIZATION GAVE SCHOLARSHIPS TO AMERICAN YOUTHS OF LATVIAN DESCENT FROM NYC METRO AREA ATTENDING NON-PROFIT LATVIAN SUMMER CAMPS IN THE U.S. |
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| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
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| IRS990/RelatedEntityInd | 0 | false |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 1 | CAMP DONATION |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ORGANIZE LATVIAN CULTURAL EVENTS, SUPPORT LATVIAN YOUTH WITH LATVIAN SCHOOL SCHOLARSHIPS, AND PROVIDE HELP FOR THE NEEDY. OUR ORGANIZATION STRIVES TO KEEP LATVIAN CULTURE, EDUCATION, AND LANGUAGE ALIVE IN THE LATVIAN DIASPORA COMMUNITY. EVENTS OCCUR IN BOTH LATVIAN AND ENGLISH. WE ARE ALSO AN ORGANIZATION THAT HELPS THE NEEDY. THIS IS NOT LIMITED TO NEEDY LATVIAN- AMERICANS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | JOHN KANCANS IIZE KANCANS PRESIDENT DIRECTOR MARRIED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DAUGAVAS VANAGI LATVIAN WELFARE ASSOC INC. IS A NONPROFIT ORG WITH MEMBERS THAT HAVE A RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE AND ELECT DIRECTORS IN A BOARD |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DAUGAVAS VANAGI LATVIAN WELFARE ASSOC INC. IS A NONPROFIT ORG WITH MEMBERS THAT HAVE A RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE AND ELECT DIRECTORS IN A BOARD |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | FOLLOWING COMPLETION IS GIVEN TO THE BOARD OF DIRECTORS DURING A BOARD MEETING FOR THEIR IMMEDIATE REVIEW AND QUESTION BEFORE IT IS SUBSEQUENTLY FILLED WITH IRS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE BY-LAWS PROVIDE AS FOLLOWS: ARTICLE 9. CONFLICT OF INTEREST POLICY: THE BOARD SHALL ADOPT AND ADMINISTER A CONFLICT-OF-INTEREST POLICY. THE POLICY SHOULD BE AMENDED FROM TIME TO TIME TO ENSURE IT IS IN COMPLIANCE WITH TAX EXEMPTION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE LAWS OF THE STATE OF NEW YORK. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | SUPERVISOR 0 3,600 0 ARCHIVING DOCUMENTS FEE 1,880 0 0 APPRAISAL FEES 3,500 0 0 TOTAL 5,380 3,600 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | MOVING FROM CASH ACCOUNTING TO ACCRUAL ACCOUNTING ALLOWS THE ORGANIZATION TO RECOGNIZE REVENUE AND EXPENSES WHEN THEY ARE EARNED OR INCURRED, RATHER THAN WHEN CASH CHANGES HANDS. THIS HELPS US TRACK LONG-TERM FINANCIAL OBLIGATIONS AND ASSETS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 12, PART XII, LINE 1 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-13 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BRYTEBRIDGE CONSULTING LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7021 UNIVERSITY BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WINTER PARK |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ARIANA STUBBS |
| ReturnHeader/ReturnTs | 0 | 2025-05-13T13:01:57-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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