Civic Intelligence

Florida Veterans Foundation Inc.

990 • Fiscal year 2019 • EIN 26-2748811

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 12, 2019

400 S Monroe StreetTallahassee, FL 32399-0001

(850) 488-4181

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.04x

Higher debt load relative to assets than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$42,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

99th percentile

664%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

233%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$196,964

Up $171,177 (+664%) from 2018

Net Assets

Up

$189,921

Up $167,717 (+755%) from 2018

Liabilities

Up

$7,043

Up $3,460 (+97%) from 2018

Revenue

Up

$746,874

Up $522,625 (+233%) from 2018

Expenses

Up

$579,157

Up $21,543 (+3.9%) from 2018

Net Income

Up

$167,717

Up $501,082 (+150%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $170,085Liabilities 2010: $850Net Assets 2010: $169,2352010Assets 2011: $210,602Liabilities 2011: $26,644Net Assets 2011: $183,9582011Assets 2012: $268,340Liabilities 2012: $2,972Net Assets 2012: $265,3682012Assets 2013: $452,997Liabilities 2013: $0Net Assets 2013: $452,9972013Assets 2014: $335,452Liabilities 2014: $8,390Net Assets 2014: $327,0622014Assets 2015: $346,496Liabilities 2015: $13,608Net Assets 2015: $332,8882015Assets 2016: $1,159,240Liabilities 2016: $643,293Net Assets 2016: $515,9472016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $25,787Liabilities 2018: $3,583Net Assets 2018: $22,2042018Assets 2019: $196,964Liabilities 2019: $7,043Net Assets 2019: $189,9212019Assets 2020: $115,979Liabilities 2020: $1,200Net Assets 2020: $114,7792020Assets 2021: $121,409Liabilities 2021: $900Net Assets 2021: $120,5092021Assets 2022: $226,993Liabilities 2022: $1,716Net Assets 2022: $225,2772022Assets 2023: $669,107Liabilities 2023: $30,910Net Assets 2023: $638,1972023Assets 2024: $1,147,557Liabilities 2024: $30,344Net Assets 2024: $1,117,2132024Assets 2025: $2,215,822Liabilities 2025: $66,548Net Assets 2025: $2,149,2742025

Highlighted filing

2019

Assets$196,964
Liabilities$7,043
Net Assets$189,921

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $77,7312010Expenses 2011: $50,7252011Expenses 2012: $158,2902012Expenses 2013: $204,7752013Revenue 2014: $257,333Expenses 2014: $383,268Net Income 2014: -$125,9352014Revenue 2015: $335,407Expenses 2015: $319,889Net Income 2015: $15,5182015Revenue 2016: $832,855Expenses 2016: $650,043Net Income 2016: $182,8122016Revenue 2017: $589,481Expenses 2017: $749,859Net Income 2017: -$160,3782017Revenue 2018: $224,249Expenses 2018: $557,614Net Income 2018: -$333,3652018Revenue 2019: $746,874Expenses 2019: $579,157Net Income 2019: $167,7172019Revenue 2020: $241,022Expenses 2020: $315,825Net Income 2020: -$74,8032020Revenue 2021: $252,210Expenses 2021: $246,695Net Income 2021: $5,5152021Revenue 2022: $656,227Expenses 2022: $551,653Net Income 2022: $104,5742022Revenue 2023: $1,084,326Expenses 2023: $671,406Net Income 2023: $412,9202023Revenue 2024: $1,555,083Expenses 2024: $1,076,067Net Income 2024: $479,0162024Revenue 2025: $1,675,627Expenses 2025: $675,926Net Income 2025: $999,7012025

Highlighted filing

2019

Revenue$746,874
Expenses$579,157
Net Income$167,717
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 12, 2019
Return Version
2018v3.1
Gross Receipts
$746,874
Mission and Program Overview

Mission

To support the Florida Dept. of Veterans Affairs, the veterans of the state, and congressionally chartered veteran service organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,277$194,932▲ $171,655
Investments in Publicly Traded Securities$990$1,120▲ $130
Land, Buildings, and Equipment, Net$1,520$912▼ $608
Total Assets$25,787$196,964▲ $171,177
Liabilities
Accounts Payable and Accrued Expenses$3,583$7,043▲ $3,460
Total Liabilities$3,583$7,043▲ $3,460
Net Assets / Fund Balance
Unrestricted Net Assets$22,204$136,621▲ $114,417
Temporarily Rstr Net Assets-$53,300-
Total Net Assets Fund Balance$22,204$189,921▲ $167,717
Total Liabilities and Net Assets / Fund Balance$25,787$196,964▲ $171,177

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$912$2,128$3,040
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dennis BakerPresidentPT$42,000$42,000

Board Members and Trustees

NameTitle
John L HaynesChairman Emeritus
Mike MasonChairman Emeritus
Gary ClarkVice Chairman
Angel FigueroaDirector
Beatrice Love-MooreDirector
Bob AsztalosDirector
Chip HansonDirector
Dick AquinoDirector
Don LanhamDirector
Jeffery AskewDirector
Robert DoyleDirector
Terry Ray LynnDirector
Anne G WeeksSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$746,736
Program Service Revenue
$0
Investment Income
$138
Other Revenue
$0
All Other Contributions
$188,022
Change in Net Assets
$167,717

Audited Revenue Reconciliation

Revenue per Audited Statements
$746,874
Total Revenue per Audited Statements
$746,874
Total Revenue per Form 990
$746,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$443,870
Salaries, Compensation, and Employee Benefits$102,135
Other Expenses$21,302
Professional Fundraising Fees$11,850
Total Fundraising Expense$11,850

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$441,616--$441,616
Other Salaries and Wages$60,135$0$0$60,135
Current Officers, Directors, Trustees, and Key Employees$31,500$10,500$0$42,000
Travel$14,786$0$0$14,786
Fees for Services Professional Fundraising--$11,850$11,850
Office Expenses$5,677$0$0$5,677
Grants to Domestic Individuals$2,254--$2,254
Depreciation Depletion$608$0$0$608
Fees for Services Legal$225$0$0$225
Other Expenses$0$6$0$6
Total Functional Expenses$556,801$10,506$11,850$579,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$579,157
Total Expenses per Audited Statements$579,157
Total Expenses per Form 990$579,157
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Project VetRelief IncOrlando, FL-Vet emergency fds$175,000
Five Star VeteransJacksonville, FL-Assist Veterans$60,000
NE Florida Women Veterans IncJacksonville, FL-Assist women vets$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$11,850
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Florida Veterans Foundation Inc
EIN
26-2748811
Phone
8504884181
Address
400 S Monroe Street, Tallahassee, FL 32399-0001

Signing Officer

Name
Dennis Baker
Title
President
Phone
8504884181
Signed
2019-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Washington Sanchez
Formed
2008
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
0

Preparer

Firm
Richards Mitchell & Cross PA
Address
2123 Centre Pointe Blvd, Tallahassee, FL 32308
Preparer
Steven R Richards
Phone
8504251040
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

The organization requires members of the Board to sign the conflict of interest statement annually.

Pt VI, Line 11B

The organization provides a copy of Form 990 to Board members for their review and comment prior to signing the return and sending it to the IRS.

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IRS990/PYTotalProfFndrsngExpnsAmt06334
IRS990/PYTotalRevenueAmt0224249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0167717
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0746736
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0746736
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0235636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0587747
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0836275
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0335262
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02741656
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0379
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01734
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0595
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02991
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0379
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0595
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02991
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00130
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt02741656
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0746736
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0235636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0587747
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0836275
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0335262
IRS990ScheduleA/Total509Grp/TotalAmt02741656
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02744647
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0912
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02128
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03040
IRS990ScheduleD/ExpensesSubtotalAmt0579157
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt0746874
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0912
IRS990ScheduleD/TotalExpensesPerForm990Amt0579157
IRS990ScheduleD/TotalRevenuePerForm990Amt0746874
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0746874
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0579157
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0202065
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Cash Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0120
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/CashGrantAmt1175000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Assist Veterans
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Vet emergency fds
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Assist women vets
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Five Star Veterans
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Project VetRelief Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NE Florida Women Veterans Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0453545974
IRS990ScheduleI/RecipientTable/RecipientEIN1471474102
IRS990ScheduleI/RecipientTable/RecipientEIN2300758834
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt040 Acme Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11912-A Lee Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22133 Broadway Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Jacksonville
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Orlando
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Jacksonville
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd032211
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd132810
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd232209
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization requires members of the Board to sign the conflict of interest statement annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization provides a copy of Form 990 to Board members for their review and comment prior to signing the return and sending it to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt053300
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025787
IRS990/TotalAssetsEOYAmt0196964
IRS990/TotalAssetsGrp/BOYAmt025787
IRS990/TotalAssetsGrp/EOYAmt0196964

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.22$0.07$2.15$1.68$0.68$1.00
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.03$1.12$1.56$1.08$0.48
2023Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.64$1.08$0.67$0.41
2022Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.66$0.55$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.25$0.25$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.11$0.24$0.32$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.75$0.58$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.02$0.22$0.56$0.33
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.59$0.75$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.64$0.52$0.83$0.65$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.33$0.34$0.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.26$0.38$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.03$0.18$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.08