Civic Intelligence

The Veterans Trust Inc

990EZ • Fiscal year 2020 • EIN 46-4677773

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 27, 2021

Organization ProfileWWW.THEVETERANSTRUST.ORG
515 E Las Olas Blvd Floor 15Fort Lauderdale, FL 33301

(760) 458-1065

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

85th percentile

41%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

87th percentile

$30,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

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

Asset Growth

84th percentile

73%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

95th percentile

144%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$135,428

Up $57,312 (+73%) from 2019

Net Assets

Up

$135,428

Up $57,312 (+73%) from 2019

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin85th percentile

Revenue

Up

$141,272

Up $83,373 (+144%) from 2019

Expenses

Down

$82,876

Down $37,533 (-31%) from 2019

Net Income

Up

$58,396

Up $120,906 (+193%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$200K$150K$100K$50K$0Assets 2017: $103,023Net Assets 2017: $103,0232017Assets 2019: $78,116Net Assets 2019: $78,1162019Assets 2020: $135,428Liabilities 2020: $0Net Assets 2020: $135,4282020Assets 2021: $116,235Liabilities 2021: $0Net Assets 2021: $116,2352021Assets 2022: $154,914Liabilities 2022: $599Net Assets 2022: $154,3152022

Highlighted filing

2020

Assets$135,428
Liabilities$0
Net Assets$135,428
Open 2020 Filing

Operations Trend

Revenue Growth95th percentile

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

$400K$200K$0-$200KRevenue 2017: $146,889Expenses 2017: $74,527Net Income 2017: $72,3622017Revenue 2019: $57,899Expenses 2019: $120,409Net Income 2019: -$62,5102019Revenue 2020: $141,272Expenses 2020: $82,876Net Income 2020: $58,3962020Revenue 2021: $363,597Expenses 2021: $382,790Net Income 2021: -$19,1932021Revenue 2022: $149,020Expenses 2022: $110,940Net Income 2022: $38,0802022

Highlighted filing

2020

Revenue$141,272
Expenses$82,876
Net Income$58,396
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 27, 2021
Return Version
2020v4.0
Gross Receipts
$141,272
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.

Program Services

DescriptionGrantsExpenses
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.$5,247$65,487
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JUAN CARLOS ROMEROMarketing DiFT$30,000-$30,000
FRED ROGERExecutive DiFT$17,000-$17,000
LEE HEDIGERChairman, Fo-$0--
JOSEPH ROSENHECKDirector-$0--
BRET BAKERDirector-$0--
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
Executive Director
Signed
2021-10-27
Discuss with paid preparer
Yes

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-ez, Part I, Line 16

“Expenses office 4,959 travel 1,811 bank fees 30 marketing 10,629 meals 1,238 veterans serviced 2,015 non-investment depreciation 3,667 total 24,349”

Form 990-ez, Part I, Line 20

“K-1 brick co-investment capital i, llc -1,084”

Form 990-ez, Part II, Line 24

“Loan receivable-iveteran, llc 5,000 5,000 2013 ford racing mustang boss 302 0 45,000 less accumulated depreciation 0 3,000 2014 frdm tl trailer 0 10,000 less accumulated depreciation 0 667 total 5,000 56,333”

Form 990-ez, Part III

“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-ez, Part III, Line 28

“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.”

Raw XML Appendix153 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.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0FRED ROGER
CompensationExplanation/CompensationExplanationGrp/PersonNm1JUAN CARLOS ROMERO
CompensationExplanation/CompensationExplanationGrp/PersonNm2LEE HEDIGER
CompensationExplanation/CompensationExplanationGrp/PersonNm3JOSEPH ROSENHECK
CompensationExplanation/CompensationExplanationGrp/PersonNm4BRET BAKER
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0FRED ROGER
IRS990EZ/BooksInCareOfDetail/PhoneNum07604581065
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0515 E LAS OLAS BLVD FLOOR 15
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FORT LAUDERDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033301
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt073116
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt079095
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0141272
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt058396
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06280
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt078116
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0135428
IRS990EZ/GrantsAndSimilarAmountsPaidAmt05247
IRS990EZ/GrossReceiptsAmt0141272
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt078116
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0135428
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt078116
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0135428
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt017000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt130000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0FRED ROGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JUAN CARLOS ROMERO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LEE HEDIGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOSEPH ROSENHECK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRET BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MARKETING DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRMAN, FO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt056333
IRS990EZ/OtherChangesInNetAssetsAmt0-1084
IRS990EZ/OtherExpensesTotalAmt024349
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0INITIATED 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05247
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065487
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt047000
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt082876
IRS990EZ/TotalProgramServiceExpensesAmt065487
IRS990EZ/TotalRevenueAmt0141272
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.THEVETERANSTRUST.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0141272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt057486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0126902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0146889
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0107767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0580316
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0413
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.60350
IRS990ScheduleA/PublicSupportPY170Pct00.67530
IRS990ScheduleA/PublicSupportTotal170Amt0350240
IRS990ScheduleA/SubstantialContributorsTotAmt0230076
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0141272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt057486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0126902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0146889
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0107767
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0580316
IRS990ScheduleA/TotalSupportAmt0580316
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 4,959 TRAVEL 1,811 BANK FEES 30 MARKETING 10,629 MEALS 1,238 VETERANS SERVICED 2,015 NON-INVESTMENT DEPRECIATION 3,667 TOTAL 24,349
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1K-1 BRICK CO-INVESTMENT CAPITAL I, LLC -1,084
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LOAN RECEIVABLE-IVETERAN, LLC 5,000 5,000 2013 FORD RACING MUSTANG BOSS 302 0 45,000 LESS ACCUMULATED DEPRECIATION 0 3,000 2014 FRDM TL TRAILER 0 10,000 LESS ACCUMULATED DEPRECIATION 0 667 TOTAL 5,000 56,333
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4INITIATED 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED ROGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE VETERANS TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0VETE
ReturnHeader/Filer/EIN0464677773
ReturnHeader/Filer/USAddress/AddressLine1Txt0515 E LAS OLAS BLVD FLOOR 15
ReturnHeader/Filer/USAddress/CityNm0FORT LAUDERDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650356804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBBINS & MORONEY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 SE 10TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033316
ReturnHeader/PreparerPersonGrp/PhoneNum09544673100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J ROBBINS
ReturnHeader/ReturnTs02021-11-03T15:08:55-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FRED
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROGER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$135,428
Liabilities
$0
Net assets
$135,428
Revenue
$141,272
Expenses
$82,876
Net income
$58,396
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.01$1.54$1.49$1.11$0.38
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.00$1.16$3.64$3.83$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$1.41$0.83$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.78$0.58$1.20$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$1.03$1.47$0.75$0.72