Civic Intelligence

Lady Veterans Connect Inc.

990 • Fiscal year 2020 • EIN 46-0848546

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 15, 2021

11400 Irvine RoadWinchester, KY 40391

(859) 806-4297

Siviq Scores

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

Liabilities / Assets

91st percentile

0.69x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

1.51x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

75th percentile

26%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

62nd percentile

14%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-43%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$393,151

Up $48,808 (+14%) from 2019

Net Assets

Up

$121,957

Up $47,481 (+64%) from 2019

Liabilities

Up

$271,194

Up $1,327 (+0.5%) from 2019

Revenue

Down

$179,399

Down $135,138 (-43%) from 2019

Expenses

Down

$131,918

Down $187,646 (-59%) from 2019

Net Income

Up

$47,481

Up $52,508 (+1045%) from 2019

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: $359,308Liabilities 2018: $279,805Net Assets 2018: $79,5032018Assets 2019: $344,343Liabilities 2019: $269,867Net Assets 2019: $74,4762019Assets 2020: $393,151Liabilities 2020: $271,194Net Assets 2020: $121,9572020Assets 2021: $412,941Liabilities 2021: $264,864Net Assets 2021: $148,0772021Assets 2022: $568,005Liabilities 2022: $262,971Net Assets 2022: $305,0342022Assets 2024: $668,065Liabilities 2024: $292,331Net Assets 2024: $375,7342024

Highlighted filing

2020

Assets$393,151
Liabilities$271,194
Net Assets$121,957

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $199,531Expenses 2018: $158,846Net Income 2018: $40,6852018Revenue 2019: $314,537Expenses 2019: $319,564Net Income 2019: -$5,0272019Revenue 2020: $179,399Expenses 2020: $131,918Net Income 2020: $47,4812020Revenue 2021: $156,178Expenses 2021: $130,221Net Income 2021: $25,9572021Revenue 2022: $340,184Expenses 2022: $173,462Net Income 2022: $166,7222022Revenue 2024: $331,956Expenses 2024: $199,911Net Income 2024: $132,0452024

Highlighted filing

2020

Revenue$179,399
Expenses$131,918
Net Income$47,481
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 15, 2021
Return Version
2020v4.0
Gross Receipts
$216,522
Mission and Program Overview

Mission

To provide high quality, comprehensive services to assist female veterans in transitional support and prevent homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$275,440$289,630▲ $14,190
Cash and Non-Interest-Bearing Accounts$68,903$103,521▲ $34,618
Loans From Officers Directors$23,105$23,105→ $0
Total Assets$344,343$393,151▲ $48,808
Liabilities
Mortgage Notes Payable Secured by Investment Property$246,762$236,600▼ $10,162
Unsecured Notes Loans Payable-$11,489-
Total Liabilities$269,867$271,194▲ $1,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,476$121,957▲ $47,481
Total Net Assets Fund Balance$74,476$121,957▲ $47,481
Total Liabilities and Net Assets / Fund Balance$344,343$393,151▲ $48,808

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$262,704$21,543$284,247
Equipment$25,212$3,686$28,898
Other Land Buildings$1,714$1,286$3,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Addie MattoxBoard Member
James RogerBoard Member
June HelligrathBoard Member
Phyllis AbbottExecutive Di
Donna BornSecretary
Terri ShaferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,171
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$84,228
All Other Contributions
$56,506
Change in Net Assets
$47,481

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$36,165Thift Store Prices
Total Noncash Contributions$36,165-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,275
Grants and Similar Amounts Paid$29,643
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$29,643--$29,643
Occupancy$26,754--$26,754
Interest$15,173--$15,173
Depreciation Depletion$14,708--$14,708
Insurance$11,870--$11,870
Office Expenses$2,853$4,039-$6,892
Travel$633$4,315-$4,948
Fees for Services Accounting-$4,550-$4,550
Information Technology-$4,331-$4,331
Conferences and Meetings$3,502--$3,502
Advertising-$1,883-$1,883
All Other Expenses$427$630-$1,057
Other Expenses$90$1,047-$1,047
Total Functional Expenses$108,641$23,277$0$131,918
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lexington Va Health Care SystemsLexington, KY-Services for Veteran$18,680
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$120,906
Fundraising Direct Expenses$37,123
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Yard Sales and$157,071$120,906$37,123$83,783
Total Events$157,071$120,906$37,123$83,783
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
Loans from Officers, Directors, Trustees, and Key Employees$23,105$23,105→ $0
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 8A

The organization does not have any established committees. The direction of the organization is provided by the board of directors who are actively involved in the activities of the oganization beyond serving as directors.

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

The 990 is reviewed by a full meeting of the board of directors and information provided in our quickbooks program.

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

If a member has failed to disclose a conflict of interest and the board determines a conflict exists, the member will be informed and afforded the an opportunity to explain the member's position. If a conflict has occurred, the board shall take the appropriate disciplinary and corrective actions.

Form 990, Page 6, Part VI, Line 19

Files are available for inspection by any party upon request. The form 990 is available on the website.

Filing and Contact Details

Filer

Filer Name
Lady Veterans Connect
EIN
46-0848546
Phone
8598064297
Address
11400 IRVINE ROAD, WINCHESTER, KY 40391

Signing Officer

Name
Phyllis Abbott
Title
Executive Director
Phone
8598064297
Signed
2021-10-15

Organization Details

Principal Officer
Phyllis Abbott
Formed
2012
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Murray Aaron Petrey Pllc
Address
903 W LEXINGTON AVE STE 1, WINCHESTER, KY 40391
Preparer
Colleen V Murray CPA
Phone
8597447722
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Lvc provides a transitional home for homeless women veterans where they can live up to a year while participating in programs for healing: including self-esteem classes, nutritional classes, resume building, interviewing skills, dressing for success, counseling, and restoring relationships. Lvc also sponsors five events to provide women veterans with resources that address their concerns,and to help develope relationships with other veterans. Lvc host a week of valor including the va5k run to support the lexington va health care services. Lvc host a town hall meeting, a women veterans appreciation dinner and a veterans day parade.

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01286
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0289630
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt036165
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt036165
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt037123
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0YARD SALES AND
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0157071
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0157071
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0120906
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0120906
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt083783
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt037123
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt037123
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt018680
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SERVICES FOR VETERAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LEXINGTON VA HEALTH CARE SYSTEMS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0301 E VINE STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd040507
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt023105
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0DOWN PAYMENT ON PROPERTY & EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt021105
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PHYLLIS ABBOTT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt023105
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0THIFT STORE PRICES
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt036165
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LVC PROVIDES A TRANSITIONAL HOME FOR HOMELESS WOMEN VETERANS WHERE THEY CAN LIVE UP TO A YEAR WHILE PARTICIPATING IN PROGRAMS FOR HEALING: INCLUDING SELF-ESTEEM CLASSES, NUTRITIONAL CLASSES, RESUME BUILDING, INTERVIEWING SKILLS, DRESSING FOR SUCCESS, COUNSELING, AND RESTORING RELATIONSHIPS. LVC ALSO SPONSORS FIVE EVENTS TO PROVIDE WOMEN VETERANS WITH RESOURCES THAT ADDRESS THEIR CONCERNS,AND TO HELP DEVELOPE RELATIONSHIPS WITH OTHER VETERANS. LVC HOST A WEEK OF VALOR INCLUDING THE VA5K RUN TO SUPPORT THE LEXINGTON VA HEALTH CARE SERVICES. LVC HOST A TOWN HALL MEETING, A WOMEN VETERANS APPRECIATION DINNER AND A VETERANS DAY PARADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY ESTABLISHED COMMITTEES. THE DIRECTION OF THE ORGANIZATION IS PROVIDED BY THE BOARD OF DIRECTORS WHO ARE ACTIVELY INVOLVED IN THE ACTIVITIES OF THE OGANIZATION BEYOND SERVING AS DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY A FULL MEETING OF THE BOARD OF DIRECTORS AND INFORMATION PROVIDED IN OUR QUICKBOOKS PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF A MEMBER HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST AND THE BOARD DETERMINES A CONFLICT EXISTS, THE MEMBER WILL BE INFORMED AND AFFORDED THE AN OPPORTUNITY TO EXPLAIN THE MEMBER'S POSITION. IF A CONFLICT HAS OCCURRED, THE BOARD SHALL TAKE THE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FILES ARE AVAILABLE FOR INSPECTION BY ANY PARTY UPON REQUEST. THE FORM 990 IS AVAILABLE ON THE WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0344343
IRS990/TotalAssetsEOYAmt0393151
IRS990/TotalAssetsGrp/BOYAmt0344343
IRS990/TotalAssetsGrp/EOYAmt0393151
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095171
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023277
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0108641
IRS990/TotalFunctionalExpensesGrp/TotalAmt0131918
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0269867
IRS990/TotalLiabilitiesEOYAmt0271194
IRS990/TotalLiabilitiesGrp/BOYAmt0269867
IRS990/TotalLiabilitiesGrp/EOYAmt0271194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074476
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0121957
IRS990/TotalProgramServiceExpensesAmt0108641
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0445
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0179399
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0344343
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0393151
IRS990/TravelGrp/ManagementAndGeneralAmt04315
IRS990/TravelGrp/ProgramServicesAmt0633
IRS990/TravelGrp/TotalAmt04948
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt011489
IRS990/USAddress/AddressLine1Txt011400 IRVINE ROAD
IRS990/USAddress/CityNm0WINCHESTER
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040391
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTPS://WWW.LV-CONNECT.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PHYLLIS ABBOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08598064297
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LADY VETERANS CONNECT
ReturnHeader/Filer/BusinessNameControlTxt0LADY
ReturnHeader/Filer/EIN0460848546
ReturnHeader/Filer/PhoneNum08598064297
ReturnHeader/Filer/USAddress/AddressLine1Txt011400 IRVINE ROAD
ReturnHeader/Filer/USAddress/CityNm0WINCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040391
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464435043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MURRAY AARON PETREY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0903 W LEXINGTON AVE STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040391
ReturnHeader/PreparerPersonGrp/PhoneNum08597447722
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COLLEEN V MURRAY CPA
ReturnHeader/ReturnTs02021-11-05T12:40:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHYLLIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ABBOTT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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