Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
The Veterans Trust Inc
EIN 46-4677773 • 501(c)3 • Fort Lauderdale, FL
Profile
The veterans trust (tvt) is a strategic grant-making foundation dedicated to maximize the cooperation, coordination and collaboration of existing veteran service organizations in the community. Tvt maximizes the effectiveness and efficiencies of community services and programs so we can all work together and help our military, veterans and families.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
65th percentile
Higher debt load relative to revenue than 65% of similar nonprofits.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
83rd percentile
Faster asset growth than 83% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Balance Sheet
Assets
Up$154,914
Up $38,679 (+33%) from 2021
Liabilities
Up$599
Up $599 from 2021
Net Assets
Up$154,315
Up $38,080 (+33%) from 2021
Revenue
Down$149,020
Down $214,577 (-59%) from 2021
Expenses
Down$110,940
Down $271,850 (-71%) from 2021
Net Income
Up$38,080
Up $57,273 (+298%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $154,914
- Liabilities
- $599
- Net assets
- $154,315
- Revenue
- $149,020
- Expenses
- $110,940
- Net income
- $38,080
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 14, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $149,020
Mission and Program Overview
Mission
The veterans trust (tvt) is a strategic grant-making foundation dedicated to maximize the cooperation, coordination and collaboration of existing veteran service organizations in the community. Tvt maximizes the effectiveness and efficiencies of community services and programs so we can all work together and help our military, veterans and families.
The veterans trust actively and commercially engaged with formula 1 miami, hosted race experience events for veterans and their families throughout fl, and additionally, pursued a medically-supported, pilot program with nova southeastern university utilizing racing simulators with performance- enhancing mental health programming.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $24,278 | $73,373 | ▲ $49,095 |
| Land, Buildings, and Equipment, Net | $40,333 | $35,910 | ▼ $4,423 |
| Other Notes and Loans Receivable, Net | $5,000 | - | - |
| Total Assets | $116,235 | $154,914 | ▲ $38,679 |
| Other Assets Total | $46,624 | $45,631 | ▼ $993 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | - | $599 | - |
| Total Liabilities | $0 | $599 | ▲ $599 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $116,235 | $154,315 | ▲ $38,080 |
| Total Net Assets Fund Balance | $116,235 | $154,315 | ▲ $38,080 |
| Total Liabilities and Net Assets / Fund Balance | $116,235 | $154,914 | ▲ $38,679 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $35,910 | $26,893 | $62,803 |
| Other Assets Org | $45,631 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Fred Roger | Exec Dir,co- | FT | $12,000 | $12,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Lee Hediger | Chairman, Fo |
| Joe Heck | Director |
| Scott Beck | Director |
| Stephen Rubin | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $120,964
- Program Service Revenue
- $29,049
- Investment Income
- $-993
- Other Revenue
- $0
- All Other Contributions
- $120,964
- Change in Net Assets
- $38,080
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $98,735 |
| Salaries, Compensation, and Employee Benefits | $12,000 |
| Total Fundraising Expense | $6,285 |
| Grants and Similar Amounts Paid | $205 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $39,200 | - | $5,085 | $44,285 |
| Depreciation Depletion | $12,226 | - | - | $12,226 |
| Current Officers, Directors, Trustees, and Key Employees | $9,600 | $1,200 | $1,200 | $12,000 |
| Travel | $9,227 | - | - | $9,227 |
| Advertising | $3,352 | - | - | $3,352 |
| Office Expenses | - | $2,804 | - | $2,804 |
| Other Expenses | $808 | $768 | - | $768 |
| All Other Expenses | $546 | - | - | $546 |
| Interest | - | $335 | - | $335 |
| Insurance | $240 | - | - | $240 |
| Grants to Domestic Orgs | $205 | - | - | $205 |
| Fees for Services Accounting | - | $75 | - | $75 |
| Total Functional Expenses | $94,473 | $10,182 | $6,285 | $110,940 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- 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
- Yes
- Other officer compensation reviewed
- Yes
- 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 11B
“All board members review form 990 at board meeting and an electronic version is also sent for review.”
Form 990, Page 6, Part VI, Line 12C
“Policy is reviewed and discussed by board members and employees at meetings and any possible conflicts that arise are required to be disclosed.”
Form 990, Page 6, Part VI, Line 15A
“Reviewed and approved by chairman of the board of directors.”
Form 990, Page 6, Part VI, Line 15B
“Reviewed and approved by chairman of the board of directors.”
Form 990, Page 6, Part VI, Line 19
“AVAILABLE UPON REQUEST.”
Filing and Contact Details
Filer
- Filer Name
- The Veterans Trust Inc
- EIN
- 46-4677773
- Address
- 515 E LAS OLAS BLVD FLOOR 15, FORT LAUDERDALE, FL 33301
Signing Officer
- Name
- Fred Roger
- Title
- Exec Dir,co-founder
- Signed
- 2023-11-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Fred Roger
- Formed
- 2014
- Voting Board Members
- 5
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 50
Preparer
- Firm
- Robbins & Moroney Pa
- Address
- 222 SE 10TH ST, FORT LAUDERDALE, FL 33316
- Preparer
- Michael J Robbins
- Phone
- 9544673100
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“The veterans trust (tvt) is a strategic grant-making foundation dedicated to maximize the cooperation, coordination and collaboration of existing veteran service organizations in the community. Tvt maximizes the effectiveness and efficiencies of community services and programs so we can all work together and help our military, veterans and families.”
Form 990, Page 2, Part III, Line 4A
“Initiated and led by veterans, the veterans trust (tvt) is committed to finding best practices in the veteran community and then funding them to satisfy the value gaps currently impacting veterans services and programs. With the ultimate goal of empowering veteran leadership, the veterans trust aims to troubleshoot and support community pillars so we work smarter, not harder and get these veterans the assistance they need. Since 2013, the veterans trust has been committed to serving the veteran community by improving self-regulatory mechanisms and performance enhancement through motorsports. Through highly unique and curated motorsport experiences, we grant service members, veterans, and first responders special access to tracks and high-performance vehicle ridealongs. The program's ultimate goal is for veterans to proactively enhance their own inner peace, and productivity and lead purposeful lives.”
Form 990, Part IX, Line 11G
“Consultants 39,200 0 5,085”
Raw XML Appendix348 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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| IRS990/Desc | 0 | INITIATED AND LED BY VETERANS, THE VETERANS TRUST (TVT) IS COMMITTED TO FINDING BEST PRACTICES IN THE VETERAN COMMUNITY AND THEN FUNDING THEM TO SATISFY THE VALUE GAPS CURRENTLY IMPACTING VETERANS SERVICES AND PROGRAMS. WITH THE ULTIMATE GOAL OF EMPOWERING VETERAN LEADERSHIP, THE VETERANS TRUST AIMS TO TROUBLESHOOT AND SUPPORT COMMUNITY PILLARS SO WE WORK SMARTER, NOT HARDER AND GET THESE VETERANS THE ASSISTANCE THEY NEED. SINCE 2013, THE VETERANS TRUST HAS BEEN COMMITTED TO SERVING THE VETERAN COMMUNITY BY IMPROVING SELF-REGULATORY MECHANISMS AND PERFORMANCE ENHANCEMENT THROUGH MOTORSPORTS. THROUGH HIGHLY UNIQUE AND CURATED MOTORSPORT EXPERIENCES, WE GRANT SERVICE MEMBERS, VETERANS, AND FIRST RESPONDERS SPECIAL ACCESS TO TRACKS AND HIGH-PERFORMANCE VEHICLE RIDEALONGS. THE PROGRAM'S ULTIMATE GOAL IS FOR VETERANS TO PROACTIVELY ENHANCE THEIR OWN INNER PEACE, AND PRODUCTIVITY AND LEAD PURPOSEFUL LIVES. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE VETERANS TRUST (TVT) IS A STRATEGIC GRANT-MAKING FOUNDATION DEDICATED TO MAXIMIZE THE COOPERATION, COORDINATION AND COLLABORATION OF EXISTING VETERAN SERVICE ORGANIZATIONS IN THE COMMUNITY. TVT MAXIMIZES THE EFFECTIVENESS AND EFFICIENCIES OF COMMUNITY SERVICES AND PROGRAMS SO WE CAN ALL WORK TOGETHER AND HELP OUR MILITARY, VETERANS AND FAMILIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | INITIATED AND LED BY VETERANS, THE VETERANS TRUST (TVT) IS COMMITTED TO FINDING BEST PRACTICES IN THE VETERAN COMMUNITY AND THEN FUNDING THEM TO SATISFY THE VALUE GAPS CURRENTLY IMPACTING VETERANS SERVICES AND PROGRAMS. WITH THE ULTIMATE GOAL OF EMPOWERING VETERAN LEADERSHIP, THE VETERANS TRUST AIMS TO TROUBLESHOOT AND SUPPORT COMMUNITY PILLARS SO WE WORK SMARTER, NOT HARDER AND GET THESE VETERANS THE ASSISTANCE THEY NEED. SINCE 2013, THE VETERANS TRUST HAS BEEN COMMITTED TO SERVING THE VETERAN COMMUNITY BY IMPROVING SELF-REGULATORY MECHANISMS AND PERFORMANCE ENHANCEMENT THROUGH MOTORSPORTS. THROUGH HIGHLY UNIQUE AND CURATED MOTORSPORT EXPERIENCES, WE GRANT SERVICE MEMBERS, VETERANS, AND FIRST RESPONDERS SPECIAL ACCESS TO TRACKS AND HIGH-PERFORMANCE VEHICLE RIDEALONGS. THE PROGRAM'S ULTIMATE GOAL IS FOR VETERANS TO PROACTIVELY ENHANCE THEIR OWN INNER PEACE, AND PRODUCTIVITY AND LEAD PURPOSEFUL LIVES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ALL BOARD MEMBERS REVIEW FORM 990 AT BOARD MEETING AND AN ELECTRONIC VERSION IS ALSO SENT FOR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | POLICY IS REVIEWED AND DISCUSSED BY BOARD MEMBERS AND EMPLOYEES AT MEETINGS AND ANY POSSIBLE CONFLICTS THAT ARISE ARE REQUIRED TO BE DISCLOSED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | REVIEWED AND APPROVED BY CHAIRMAN OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | REVIEWED AND APPROVED BY CHAIRMAN OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | CONSULTANTS 39,200 0 5,085 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 11G |
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| IRS990/USAddress/CityNm | 0 | FORT LAUDERDALE |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-14 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ROBBINS & MORONEY PA |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHAEL J ROBBINS |
| ReturnHeader/ReturnTs | 0 | 2023-11-15T15:30:54-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
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| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | ROGER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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