Civic Intelligence

Mvat Foundation a Nonprofit Corporation

990 • Fiscal year 2023 • EIN 27-0222812

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 16, 2024

254 N Lake Ave Ste 143Pasadena, CA 91101

(818) 213-1090

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

4th percentile

-156%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$144,900

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 61.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

7th percentile

-66%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-50%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$191,786

Down $365,754 (-66%) from 2022

Net Assets

Down

$191,786

Down $365,754 (-66%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$234,433

Down $237,952 (-50%) from 2022

Expenses

Up

$600,090

Up $58,724 (+11%) from 2022

Net Income

Down

-$365,657

Down $296,676 (-430%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $269,685Liabilities 2018: $6,000Net Assets 2018: $263,6852018Assets 2019: $307,093Liabilities 2019: $1,358Net Assets 2019: $305,7352019Assets 2020: $326,839Liabilities 2020: $0Net Assets 2020: $326,8392020Assets 2021: $626,521Liabilities 2021: $0Net Assets 2021: $626,5212021Assets 2022: $557,540Liabilities 2022: $0Net Assets 2022: $557,5402022Assets 2023: $191,786Liabilities 2023: $0Net Assets 2023: $191,7862023Assets 2024: $115,925Liabilities 2024: $106Net Assets 2024: $115,8192024

Highlighted filing

2023

Assets$191,786
Liabilities$0
Net Assets$191,786

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $400,022Expenses 2018: $431,692Net Income 2018: -$31,6702018Revenue 2019: $477,552Expenses 2019: $435,502Net Income 2019: $42,0502019Revenue 2020: $324,197Expenses 2020: $303,093Net Income 2020: $21,1042020Revenue 2021: $641,126Expenses 2021: $341,444Net Income 2021: $299,6822021Revenue 2022: $472,385Expenses 2022: $541,366Net Income 2022: -$68,9812022Revenue 2023: $234,433Expenses 2023: $600,090Net Income 2023: -$365,6572023Revenue 2024: $373,514Expenses 2024: $449,481Net Income 2024: -$75,9672024

Highlighted filing

2023

Revenue$234,433
Expenses$600,090
Net Income-$365,657
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 16, 2024
Return Version
2023v5.1
Gross Receipts
$234,433
Mission and Program Overview

Mission

The Military and Veterans Appreciation Trust Foundation is dedicated to assisting veterans, service members in transition, military spouses, and Gold Star families with their post-military career success through its Heroes Linked and other programs as well as providing support to carefully vetted charities serving veterans and their families.

Successfully assists veterans, service members in transition, military spouses, and Gold Star families with post-military career success through the Heroes Network program as well as providing awareness of veterans issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$557,443$191,786▼ $365,657
Total Assets$557,443$191,786▼ $365,657
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$557,443$191,786▼ $365,657
Total Net Assets Fund Balance$557,443$191,786▼ $365,657
Total Liabilities and Net Assets / Fund Balance$557,443$191,786▼ $365,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James ColbertCEOFT$144,900$144,900

Board Members and Trustees

NameTitle
Bob JeromeChair
Pete SeitzVice Chair
Beverly MarksburyDirector
Chris BugelDirector
Corinne GoodmanDirector
Gary LittrellDirector
Jack JacobsDirector
Larry SchnadigDirector
Liam OneilDirector
Tom RooneyDirector
Yola JohnstonDirector
John VentimigliaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$107,327
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$127,106
All Other Contributions
$107,327
Change in Net Assets
$-365,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,190
Salaries, Compensation, and Employee Benefits$144,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$128,900$16,000-$144,900
Advertising$130,552--$130,552
Travel$43,168$277-$43,445
Information Technology$24,689$1,261-$25,950
Conferences and Meetings$21,861--$21,861
All Other Expenses$4,657$9,930-$14,587
Insurance-$9,359-$9,359
Other Expenses$5,651$765-$6,416
Fees for Services Accounting-$5,500-$5,500
Total Functional Expenses$551,969$48,121$0$600,090
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
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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

Organizational document changes Part VI line 4

The organization changed its name.

Form 990 governing body review Part VI line 11

A copy of Form 990 was reviewed by the governing board before it was filed

Conflict of interest policy compliance Part VI line 12C

Board members are required to disclose potential conflict of interest situations.

Form 990 availability to public Part VI line 18

All documents are available upon request.

Governing documents etc available to public Part VI line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Heroes Linked
EIN
27-0222812
Address
254 N LAKE AVE STE 143, Pasadena, CA 91101

Signing Officer

Name
James Colbert
Title
CEO
Phone
8182131090
Signed
2024-08-16
Discuss with paid preparer
No

Organization Details

Formed
2009
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
14

Preparer

Firm
John Samaan CPA & Associates Inc
Address
75-280 HIGHWAY 111-STE 101-1B, Indian Wells, CA 92210
Preparer
John Samaan CPA
Phone
7478004500
Supplemental Narrative

Additional Explanations

Amended return information

To correct officers compensation amount incorrectlt listed on the original tax returns.

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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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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0336493
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0852389
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt02149693
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0234433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0472385
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0641126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0324197
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0477552
IRS990ScheduleA/Total509Grp/TotalAmt02149693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0234433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0472385
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0641126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0324197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0477552
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02149693
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO CORRECT OFFICERS COMPENSATION AMOUNT INCORRECTLT LISTED ON THE ORIGINAL TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CHANGED ITS NAME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 was reviewed by the governing board before it was filed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members are required to disclose potential conflict of interest situations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0557443
IRS990/TotalAssetsEOYAmt0191786
IRS990/TotalAssetsGrp/BOYAmt0557443
IRS990/TotalAssetsGrp/EOYAmt0191786
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0107327
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048121
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0551969
IRS990/TotalFunctionalExpensesGrp/TotalAmt0600090
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0557443
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0191786
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0551969
IRS990/TotalReportableCompFromOrgAmt0144900
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0127106
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234433
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0557443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0191786
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0277
IRS990/TravelGrp/ProgramServicesAmt043168
IRS990/TravelGrp/TotalAmt043445
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.HEROESLINKED.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES COLBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08182131090
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEROES LINKED
ReturnHeader/Filer/BusinessNameControlTxt0MVAT
ReturnHeader/Filer/EIN0270222812
ReturnHeader/Filer/USAddress/AddressLine1Txt0254 N LAKE AVE STE 143
ReturnHeader/Filer/USAddress/CityNm0Pasadena
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN SAMAAN CPA & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt075-280 HIGHWAY 111-STE 101-1B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Indian Wells
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092210

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