Civic Intelligence

Veteran Empowerment Through Motorsports Inc.

990EZ • Fiscal year 2020 • EIN 46-1521553

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 04, 2021

3097 Herrick RoadUpper Arlington, OH 43221

(614) 563-8634

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.27x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.08x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

65th percentile

16%

Higher net margin than 65% 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

90th percentile

136%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

16th percentile

-61%

Faster revenue growth than 16% of similar nonprofits.

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

Assets

Up

$8,732

Up $5,037 (+136%) from 2019

Net Assets

Up

$6,350

Up $5,037 (+384%) from 2019

Liabilities

Flat

$2,382

Flat from 2019

Revenue

Down

$31,264

Down $49,272 (-61%) from 2019

Expenses

Down

$26,228

Down $66,089 (-72%) from 2019

Net Income

Up

$5,036

Up $16,817 (+143%) from 2019

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2013: $10,200Liabilities 2013: $3,268Net Assets 2013: $6,9322013Assets 2014: $10,627Liabilities 2014: $3,029Net Assets 2014: $7,5982014Assets 2015: $13,019Liabilities 2015: $3,029Net Assets 2015: $9,9902015Assets 2016: $5,211Liabilities 2016: $3,029Net Assets 2016: $2,1822016Assets 2017: $12,660Liabilities 2017: $2,382Net Assets 2017: $10,2782017Assets 2018: $15,477Liabilities 2018: $2,382Net Assets 2018: $13,0952018Assets 2019: $3,695Liabilities 2019: $2,382Net Assets 2019: $1,3132019Assets 2020: $8,732Liabilities 2020: $2,382Net Assets 2020: $6,3502020Assets 2021: $25,296Liabilities 2021: $979Net Assets 2021: $24,3172021Assets 2022: $24,418Liabilities 2022: $979Net Assets 2022: $23,4392022Assets 2023: $25,530Liabilities 2023: $0Net Assets 2023: $25,5302023

Highlighted filing

2020

Assets$8,732
Liabilities$2,382
Net Assets$6,350

Operations Trend

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

$100K$50K$0-$50KRevenue 2013: $24,611Expenses 2013: $17,679Net Income 2013: $6,9322013Revenue 2014: $23,680Expenses 2014: $23,014Net Income 2014: $6662014Revenue 2015: $38,265Expenses 2015: $35,873Net Income 2015: $2,3922015Revenue 2016: $19,553Expenses 2016: $27,361Net Income 2016: -$7,8082016Revenue 2017: $32,934Expenses 2017: $24,838Net Income 2017: $8,0962017Revenue 2018: $75,786Expenses 2018: $72,970Net Income 2018: $2,8162018Revenue 2019: $80,536Expenses 2019: $92,317Net Income 2019: -$11,7812019Revenue 2020: $31,264Expenses 2020: $26,228Net Income 2020: $5,0362020Revenue 2021: $54,178Expenses 2021: $36,212Net Income 2021: $17,9662021Revenue 2022: $36,438Expenses 2022: $37,318Net Income 2022: -$8802022Revenue 2023: $10,243Expenses 2023: $8,152Net Income 2023: $2,0912023

Highlighted filing

2020

Revenue$31,264
Expenses$26,228
Net Income$5,036
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 4, 2021
Return Version
2020v4.0
Gross Receipts
$31,264
Mission and Program Overview

Mission

Vetmotorsports honors and empowers disabled combat veterans through active participation in motor sports.

Program Services

DescriptionGrantsExpenses
INCREASED WOUNDED COMBAT VETERAN VALUE AND AWARENESS THROUGH OUTREACH AND MEDIA EVENTS.-$12,194
FACILITATED A NATIONAL NON-CLINICAL OUTREACH PROGRAM WORKING WITH OVER 68 POST 9-11 WOUNDED COMBAT VETERANS.-$9,607
EXPANDED OUR OUTREACH WITHIN THE SPORTS CAR CLUB OF AMERICA.-$3,074
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PETER A CLINECEO-$0--
JOE BIANCO LT COL USMCPresident-$0--
ROBERT DICKEY IIVice Preside-$0--
STEPHANIE STEVESecretary-$0--
RICK ROZZELLTreasurer-$0--
JASMINE DAVISTrustee-$0--
BERNARD L WILLIS LT COL USAF ANGTrustee-$0--
RALEIGH BOREENTrustee-$0--
DAN PARKERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Veteran Empowerment Through
EIN
46-1521553
Phone
6145638634
Address
3097 HERRICK ROAD, UPPER ARLINGTON, OH 43221

Signing Officer

Name
Joe Bianco Lt Col Usmc
Title
President
Phone
6145638634
Signed
2021-06-04
Discuss with paid preparer
Yes

Preparer

Firm
Whalen & Company Cpas
Address
250 WEST OLD WILSON BRIDGE ROAD STE, WORTHINGTON, OH 43085
Preparer
Morgan K Webster CPA
Phone
6143964200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses event materials 7,986 office expenses 2,668 utilities 1,411 travel 7,914 travel 2,532 travel 106 bank fees 107 meals 1,399 meals 448 meals 19 repairs & maintenance 294 repairs & maintenance 94 repairs & maintenance 4 total 24,982

Form 990-ez, Part II, Line 26

Loans from officers 2,382 2,382

Form 990-ez, Part III

Vetmotorsports honors and empowers disabled combat veterans through active participation in motor sports.

Raw XML Appendix175 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TRUSTEE
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990ScheduleL/TotalBalanceDueAmt02382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES EVENT MATERIALS 7,986 OFFICE EXPENSES 2,668 UTILITIES 1,411 TRAVEL 7,914 TRAVEL 2,532 TRAVEL 106 BANK FEES 107 MEALS 1,399 MEALS 448 MEALS 19 REPAIRS & MAINTENANCE 294 REPAIRS & MAINTENANCE 94 REPAIRS & MAINTENANCE 4 TOTAL 24,982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LOANS FROM OFFICERS 2,382 2,382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VETMOTORSPORTS HONORS AND EMPOWERS DISABLED COMBAT VETERANS THROUGH ACTIVE PARTICIPATION IN MOTOR SPORTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE BIANCO LT COL USMC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06145638634
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VETERAN EMPOWERMENT THROUGH
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MOTORSPORTS INC
ReturnHeader/Filer/BusinessNameControlTxt0VETE
ReturnHeader/Filer/EIN0461521553
ReturnHeader/Filer/PhoneNum06145638634
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-04
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ReturnHeader/ReturnTs02021-08-23T14:40:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BIANCO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings