Civic Intelligence

Disabled American Veterans Department of North Carolina

990 • Fiscal year 2020 • EIN 56-6061261

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 11, 2021

5623 Duraleigh RdRaleigh, NC 27612

(919) 833-5567

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$40,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

15th percentile

-5.7%

Faster asset growth than 15% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-80%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,698,434

Down $103,311 (-5.7%) from 2019

Net Assets

Down

$1,696,339

Down $103,059 (-5.7%) from 2019

Liabilities

Down

$2,095

Down $252 (-11%) from 2019

Revenue

Down

$231,096

Down $952,806 (-80%) from 2019

Expenses

Down

$330,546

Down $41,767 (-11%) from 2019

Net Income

Down

-$99,450

Down $911,039 (-112%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $534,277Liabilities 2013: $1,961Net Assets 2013: $532,3162013Assets 2014: $632,026Liabilities 2014: $492Net Assets 2014: $631,5342014Assets 2015: $633,314Liabilities 2015: $1,678Net Assets 2015: $631,6362015Assets 2016: $939,412Liabilities 2016: $3,052Net Assets 2016: $936,3602016Assets 2017: $1,014,481Liabilities 2017: $2,878Net Assets 2017: $1,011,6032017Assets 2018: $1,006,452Liabilities 2018: $18,792Net Assets 2018: $987,6602018Assets 2019: $1,801,745Liabilities 2019: $2,347Net Assets 2019: $1,799,3982019Assets 2020: $1,698,434Liabilities 2020: $2,095Net Assets 2020: $1,696,3392020Assets 2021: $1,738,985Liabilities 2021: $15,480Net Assets 2021: $1,723,5052021Assets 2022: $1,718,414Liabilities 2022: $3,839Net Assets 2022: $1,714,5752022Assets 2023: $1,671,224Liabilities 2023: $8,918Net Assets 2023: $1,662,3062023

Highlighted filing

2020

Assets$1,698,434
Liabilities$2,095
Net Assets$1,696,339

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $359,630Expenses 2013: $330,558Net Income 2013: $29,0722013Revenue 2014: $419,262Expenses 2014: $320,044Net Income 2014: $99,2182014Revenue 2015: $413,523Expenses 2015: $413,421Net Income 2015: $1022015Revenue 2016: $759,804Expenses 2016: $454,722Net Income 2016: $305,0822016Revenue 2017: $407,230Expenses 2017: $332,288Net Income 2017: $74,9422017Revenue 2018: $351,932Expenses 2018: $375,507Net Income 2018: -$23,5752018Revenue 2019: $1,183,902Expenses 2019: $372,313Net Income 2019: $811,5892019Revenue 2020: $231,096Expenses 2020: $330,546Net Income 2020: -$99,4502020Revenue 2021: $248,616Expenses 2021: $221,449Net Income 2021: $27,1672021Revenue 2022: $226,594Expenses 2022: $235,240Net Income 2022: -$8,6462022Revenue 2023: $261,735Expenses 2023: $314,104Net Income 2023: -$52,3692023

Highlighted filing

2020

Revenue$231,096
Expenses$330,546
Net Income-$99,450
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 11, 2021
Return Version
2019v5.0
Gross Receipts
$231,096
Mission and Program Overview

Mission

Since its founding more than 90 years ago, the disabled american veterans dav has been dedicated to a single purpose. Building better lives for americas disabled veterans and their families. Fidelity to that mission has required dav to respond creatively and flexibly to changing and sometimes unpredictable challenges faced by its constituency. Whether disabled veterans have needed a voice on capital hill, a nationwide service program, a transportation network or unique rehabilition opportunities, dav has focused its attention and resources to meet those needs.

See Sch O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$889,239$875,156▼ $14,083
Cash and Non-Interest-Bearing Accounts$845,782$559,087▼ $286,695
Savings and Temporary Cash Investments$66,724$264,191▲ $197,467
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,801,745$1,698,434▼ $103,311
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,347$2,094▼ $253
Other Liabilities-$1-
Total Liabilities$2,347$2,095▼ $252
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,799,398$1,696,339▼ $103,059
Total Net Assets Fund Balance$1,799,398$1,696,339▼ $103,059
Total Liabilities and Net Assets / Fund Balance$1,801,745$1,698,434▼ $103,311

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$584,997$44,032$629,029
Land$267,000-$267,000
Equipment$12,840$40,528$53,368
Other Land Buildings-$15,254$15,254
Leasehold Improvements$10,319$759$11,078
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa CornejoCEOFT$40,000$40,000

Board Members and Trustees

NameTitle
James ProcunierTrustee
William TateTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$183,886
Program Service Revenue
$44,478
Investment Income
$2,732
Other Revenue
$0
All Other Contributions
$66,354
Change in Net Assets
$-99,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,415
Salaries, Compensation, and Employee Benefits$149,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,139$54,364-$97,503
Conferences and Meetings$60,739--$60,739
Current Officers, Directors, Trustees, and Key Employees-$40,000-$40,000
Depreciation Depletion-$28,929-$28,929
Occupancy-$27,179-$27,179
Office Expenses$3,763$21,324-$25,087
Fees for Services Accounting-$16,100-$16,100
Other Expenses$7,646$5,627-$13,273
Payroll Taxes$4,979$6,649-$11,628
Insurance$882$4,995-$5,877
Travel-$3,820-$3,820
Information Technology-$411-$411
Total Functional Expenses$121,148$209,398$0$330,546
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Form 990 - Part VI - 11B

Organization's process to review form 990. The board of directors are provided with a copy of the form 990 to review and approve prior to filing.

Form 990 - Part VI - 12C

Enforcement of conflicts policy. Directors are required to disclose any conflicts of interest. Any possible conflicts are discussed by the board without that particular director present. If conflict of interest is determined to exist that director can not vote on any matter associated with the conflict of interest.

Form 990 - Part VI - 19

Governing documents disclosure explanation. The department makes its governing documents and financial statements available to interested parties upon request.

Form 990 - Part VI - Line 6

Classes of members or stockholders. The department has dues paying members who elect the governing board.

Form 990 - Part VI - Line 7A

Election of members and their rights. The members elect the governing board.

Filing and Contact Details

Filer

Filer Name
Disabled American Veterans
EIN
56-6061261
Phone
9198335567
Address
5623 DURALEIGH RD, RALEIGH, NC 27612

Signing Officer

Name
Janice Weathers
Title
CEO
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janice Weathers
Formed
1920
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Raleigh Accounting & Tax LLC
Address
240 E Davie St, Raleigh, NC 27601
Preparer
Brian Ratti
Phone
9842124508
Supplemental Narrative

Additional Explanations

Form 990 - Organization Mission

Since its founding more than 90 years ago, the disabled american veterans (dav) has been dedicated to a single purpose. Building better lives for americas disabled veterans and their families. Fidelity to that mission has required dav to respond creatively and flexibly to changing and sometimes unpredictable challenges faced by its constituency. Whether disabled veterans have needed a voice on capital hill, a nationwide service program, a transportation network or unique rehabilition opportunities, dav has focused its attention and resources to meet those needs.

Form 990 - Part XII - 1

Prior filing had incorrectly selected accrual method.

Financial Statement Notes

Part X : FIN48 Footnote

It is the departments policy to evaluate all tax positions to identify those that may be considered uncertain. All identified material tax positions are assessed and measured by a "more likely than not" threshold to determine if the benefit of any uncertain tax provision should be recognized in the financial statements. Any changes in the amount of a tax position are recognized in the period the change occurs.

Raw XML Appendix359 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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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010319
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0759
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011078
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015254
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE DEPARTMENTS POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE LIKELY THAN NOT" THRESHOLD TO DETERMINE IF THE BENEFIT OF ANY UNCERTAIN TAX PROVISION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF A TAX POSITION ARE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0875156
IRS990ScheduleD/TotalLiabilityAmt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SINCE ITS FOUNDING MORE THAN 90 YEARS AGO, THE DISABLED AMERICAN VETERANS (DAV) HAS BEEN DEDICATED TO A SINGLE PURPOSE. BUILDING BETTER LIVES FOR AMERICAS DISABLED VETERANS AND THEIR FAMILIES. FIDELITY TO THAT MISSION HAS REQUIRED DAV TO RESPOND CREATIVELY AND FLEXIBLY TO CHANGING AND SOMETIMES UNPREDICTABLE CHALLENGES FACED BY ITS CONSTITUENCY. WHETHER DISABLED VETERANS HAVE NEEDED A VOICE ON CAPITAL HILL, A NATIONWIDE SERVICE PROGRAM, A TRANSPORTATION NETWORK OR UNIQUE REHABILITION OPPORTUNITIES, DAV HAS FOCUSED ITS ATTENTION AND RESOURCES TO MEET THOSE NEEDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S PROCESS TO REVIEW FORM 990. THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF THE FORM 990 TO REVIEW AND APPROVE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICTS POLICY. DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. ANY POSSIBLE CONFLICTS ARE DISCUSSED BY THE BOARD WITHOUT THAT PARTICULAR DIRECTOR PRESENT. IF CONFLICT OF INTEREST IS DETERMINED TO EXIST THAT DIRECTOR CAN NOT VOTE ON ANY MATTER ASSOCIATED WITH THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION. THE DEPARTMENT MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CLASSES OF MEMBERS OR STOCKHOLDERS. THE DEPARTMENT HAS DUES PAYING MEMBERS WHO ELECT THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ELECTION OF MEMBERS AND THEIR RIGHTS. THE MEMBERS ELECT THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PRIOR FILING HAD INCORRECTLY SELECTED ACCRUAL METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 - ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 - PART VI - 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 - PART VI - 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 - PART VI - 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 - PART VI - LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 - PART VI - LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 - PART XII - 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01801745
IRS990/TotalAssetsEOYAmt01698434
IRS990/TotalAssetsGrp/BOYAmt01801745
IRS990/TotalAssetsGrp/EOYAmt01698434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0183886
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0209398
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121148
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330546
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02347
IRS990/TotalLiabilitiesEOYAmt02095
IRS990/TotalLiabilitiesGrp/BOYAmt02347
IRS990/TotalLiabilitiesGrp/EOYAmt02095
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01799398
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01696339
IRS990/TotalProgramServiceExpensesAmt0121148
IRS990/TotalProgramServiceRevenueAmt044478
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047210
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0231096
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01801745
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01698434
IRS990/TravelGrp/ManagementAndGeneralAmt03820
IRS990/TravelGrp/TotalAmt03820
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JANICE WEATHERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISABLED AMERICAN VETERANS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEPARTMENT OF NORTH CAROLINA INC
ReturnHeader/Filer/BusinessNameControlTxt0DISA
ReturnHeader/Filer/EIN0566061261
ReturnHeader/Filer/PhoneNum09198335567
ReturnHeader/Filer/USAddress/AddressLine1Txt05623 DURALEIGH RD
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027612
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0862218501
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Raleigh Accounting & Tax LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0240 E Davie St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027601
ReturnHeader/PreparerPersonGrp/PhoneNum09842124508
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brian Ratti
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-11T05:09:04-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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