Civic Intelligence

Veteran Tickets Foundation

990 • Fiscal year 2017 • EIN 26-2291955

Jan 01, 2017 to Dec 31, 2017 • Filed on May 23, 2018

1255 W Rio Salado ParkwayTempe, AZ 85281

(888) 241-1550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.18x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

40th percentile

0.8%

Higher net margin than 40% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

41st percentile

$296,413

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

96th percentile

65%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

77%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,665,879

Up $655,768 (+65%) from 2016

Net Assets

Up

$1,362,752

Up $429,975 (+46%) from 2016

Liabilities

Up

$303,127

Up $225,793 (+292%) from 2016

Revenue

Up

$51,187,167

Up $22,316,139 (+77%) from 2016

Expenses

Up

$50,757,192

Up $22,302,984 (+78%) from 2016

Net Income

Up

$429,975

Up $13,155 (+3.2%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2016: $1,010,111Liabilities 2016: $77,334Net Assets 2016: $932,7772016Assets 2017: $1,665,879Liabilities 2017: $303,127Net Assets 2017: $1,362,7522017Assets 2020: $666,761Liabilities 2020: $529,293Net Assets 2020: $137,4682020Assets 2021: $3,473,043Liabilities 2021: $58,515Net Assets 2021: $3,414,5282021Assets 2022: $6,785,734Liabilities 2022: $22,673Net Assets 2022: $6,763,0612022Assets 2023: $7,445,214Liabilities 2023: $35,605Net Assets 2023: $7,409,6092023Assets 2024: $12,300,580Liabilities 2024: $2,426Net Assets 2024: $12,298,1542024

Highlighted filing

2017

Assets$1,665,879
Liabilities$303,127
Net Assets$1,362,752

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MRevenue 2016: $28,871,028Expenses 2016: $28,454,208Net Income 2016: $416,8202016Revenue 2017: $51,187,167Expenses 2017: $50,757,192Net Income 2017: $429,9752017Revenue 2020: $21,996,284Expenses 2020: $23,556,468Net Income 2020: -$1,560,1842020Revenue 2021: $70,156,514Expenses 2021: $66,879,455Net Income 2021: $3,277,0592021Revenue 2022: $171,576,223Expenses 2022: $168,227,690Net Income 2022: $3,348,5332022Revenue 2023: $228,709,698Expenses 2023: $228,063,150Net Income 2023: $646,5482023Revenue 2024: $298,643,996Expenses 2024: $293,755,451Net Income 2024: $4,888,5452024

Highlighted filing

2017

Revenue$51,187,167
Expenses$50,757,192
Net Income$429,975
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 23, 2018
Return Version
2017v2.2
Gross Receipts
$51,187,167
Mission and Program Overview

Mission

TO GIVE BACK TO THOSE INDIVIDUALS THAT HAVE SERVED THE UNITED STATES OF AMERICA. wE SERVE THE COMMNITY OF ACTIVE DUTY, RETIRED AND HONOARBLE DISCHARGED VETERANS

To give back to those individuals that have served the united states of america. We serve the community of active duty, retired and honoarble discharged veterans

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$951,744$1,559,002▲ $607,258
Land, Buildings, and Equipment, Net$52,772$106,877▲ $54,105
Prepaid Expenses and Deferred Charges$5,595$0▼ $5,595
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,010,111$1,665,879▲ $655,768
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$77,334$303,127▲ $225,793
Total Liabilities$77,334$303,127▲ $225,793
Net Assets / Fund Balance
Unrestricted Net Assets$861,558$1,294,446▲ $432,888
Temporarily Rstr Net Assets$71,219$68,306▼ $2,913
Total Net Assets Fund Balance$932,777$1,362,752▲ $429,975
Total Liabilities and Net Assets / Fund Balance$1,010,111$1,665,879▲ $655,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$44,475$40,422$84,897
Leasehold Improvements$62,402$10,048$72,450
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia CreedVP & CFOFT$257,750$38,663$296,413
Michael a Focareto IiiPresident & CEOFT$257,750$38,663$296,413
Edward E RauschChairman & COOFT$250,000$37,500$287,500
Floyd J Hogan IiiDirectorFT$250,000$37,500$287,500

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Scoutcomms INCPublic Relations521 Sophia Street, Fredericksburg VA, VA 22401$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$47,504,228
Program Service Revenue
$3,682,939
Investment Income
$0
Other Revenue
$0
All Other Contributions
$47,400,424
Change in Net Assets
$429,975

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table38,975$46,536,923Fair Market Va
Total Noncash Contributions38,975$46,536,923-

Audited Revenue Reconciliation

Revenue per Audited Statements
$51,187,167
Revenue Not Reported on Form 990
$11,594,365
Total Revenue per Audited Statements
$62,781,532
Total Revenue per Form 990
$51,187,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,885,143
Salaries, Compensation, and Employee Benefits$1,872,049
Total Fundraising Expense$211,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$300,000$515,500$200,000$1,015,500
Advertising-$658,105-$658,105
Other Salaries and Wages$477,833$50,000-$527,833
Pension Plan Contributions-$242,572-$242,572
Occupancy$101,850--$101,850
Office Expenses-$95,672-$95,672
Payroll Taxes$45,872$28,477$11,795$86,144
Fees for Services Other-$83,035-$83,035
All Other Expenses$11,472$68,306-$79,778
Insurance-$54,205-$54,205
Other Expenses$39,670--$39,670
Fees for Services Accounting-$17,000-$17,000
Depreciation Depletion-$15,979-$15,979
Conferences and Meetings$227$14,129-$14,356
Total Functional Expenses$48,702,417$1,842,980$211,795$50,757,192

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$62,351,557
Expenses per Audited Statements$50,757,192
Total Expenses per Form 990$50,757,192
Expenses Not Reported on Form 990$11,594,365
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Michael a focareto iii and michael a focareto jr family members.

Form 990, Part VI, Line 11B: Form 990 Review Process

The return was reviewed by the ceo

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The financial statements are available on guidestar.

Filing and Contact Details

Filer

Filer Name
Veteran Tickets Foundation
EIN
26-2291955
Phone
8882411550
Address
1255 W RIO SALADO PARKWAY, TEMPE, AZ 85281

Signing Officer

Name
Michael a Focareto Iii
Title
President & CEO
Signed
2018-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael a Focareto Iii
Formed
2008
Legal Domicile
Az
Voting Board Members
10
Independent Board Members
6
Employees
15
Volunteers
6

Preparer

Firm
Creed Dietrich & Robinson
Address
1345 E CHANDLER BLVD STE 117, PHOENIX, AZ 85048-6280
Preparer
Cynthia S Creed CPA
Phone
4808336088
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt046536923
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0101850
IRS990/OccupancyGrp/TotalAmt0101850
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt095672
IRS990/OfficeExpensesGrp/TotalAmt095672
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0TICKETS
IRS990/OtherExpensesGrp/Desc1OFFICE EXPENSE
IRS990/OtherExpensesGrp/Desc2TRAINING AND TRAVEL
IRS990/OtherExpensesGrp/Desc3MERCHANDISE
IRS990/OtherExpensesGrp/ProgramServicesAmt047471289
IRS990/OtherExpensesGrp/ProgramServicesAmt1189645
IRS990/OtherExpensesGrp/ProgramServicesAmt264559
IRS990/OtherExpensesGrp/ProgramServicesAmt339670
IRS990/OtherExpensesGrp/TotalAmt047471289
IRS990/OtherExpensesGrp/TotalAmt1189645
IRS990/OtherExpensesGrp/TotalAmt264559
IRS990/OtherExpensesGrp/TotalAmt339670
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0477833
IRS990/OtherSalariesAndWagesGrp/TotalAmt0527833
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt011795
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028477
IRS990/PayrollTaxesGrp/ProgramServicesAmt045872
IRS990/PayrollTaxesGrp/TotalAmt086144
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0242572
IRS990/PensionPlanContributionsGrp/TotalAmt0242572
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05595
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHAEL A FOCARETO III
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DELIVERY OF TICKETS
IRS990/ProgramServiceRevenueGrp/Desc1MERCHANDISE SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03667954
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03667954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114985
IRS990/ProgSrvcAccomActy2Grp/Desc044 WISHES WERE GRANTED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt091001
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt088088
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt026555547
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt027754976
IRS990/PYProgramServiceRevenueAmt02315481
IRS990/PYRevenuesLessExpensesAmt0416820
IRS990/PYSalariesCompEmpBnftPaidAmt0699232
IRS990/PYTotalExpensesAmt028454208
IRS990/PYTotalRevenueAmt028871028
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0429975
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt051099079
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt047489243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt026555547
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt017328538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt013739255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010792089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0115904672
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08613165
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0115904672
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt047489243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt026555547
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt017328538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt013739255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010792089
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0115904672
IRS990ScheduleA/TotalSupportAmt0115904672
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt011594365
IRS990ScheduleD/DonatedServicesUseFcltsAmt011594365
IRS990ScheduleD/EquipmentGrp/BookValueAmt044475
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084897
IRS990ScheduleD/ExpensesNotReportedAmt011594365
IRS990ScheduleD/ExpensesSubtotalAmt050757192
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt062402
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010048
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt072450
IRS990ScheduleD/RevenueNotReportedAmt011594365
IRS990ScheduleD/RevenueSubtotalAmt051187167
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0106877
IRS990ScheduleD/TotalExpensesPerForm990Amt050757192
IRS990ScheduleD/TotalRevenuePerForm990Amt051187167
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt062781532
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt062351557
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0257750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3257750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt038663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt137500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt237500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt338663
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CYNTHIA CREED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1EDWARD E RAUSCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2FLOYD J HOGAN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MICHAEL A FOCARETO III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP & CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chairman & COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3President & CEO

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