Civic Intelligence

Veterans Future Foundation

990 • Fiscal year 2022 • EIN 82-1433446

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

Organization ProfileWWW.FITOPS.ORG
307 S Main Street 102Bentonville, AR 72712

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

91st percentile

0.76x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

4.39x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

1st percentile

-626%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-84%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$1,554,813

Down $690,759 (-31%) from 2021

Net Assets

Down

$369,140

Down $1,646,905 (-82%) from 2021

Liabilities

Up

$1,185,673

Up $956,146 (+417%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin1st percentile

Revenue

Down

$269,935

Down $1,470,191 (-84%) from 2021

Expenses

Up

$1,959,632

Up $538,087 (+38%) from 2021

Net Income

Down

-$1,689,697

Down $2,008,278 (-630%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2017: $4,166Liabilities 2017: $0Net Assets 2017: $4,1662017Assets 2018: $37,007Liabilities 2018: $0Net Assets 2018: $37,0072018Assets 2019: $1,099,611Liabilities 2019: $0Net Assets 2019: $1,099,6112019Assets 2020: $1,655,275Liabilities 2020: $49,514Net Assets 2020: $1,605,7612020Assets 2021: $2,245,572Liabilities 2021: $229,527Net Assets 2021: $2,016,0452021Assets 2022: $1,554,813Liabilities 2022: $1,185,673Net Assets 2022: $369,1402022Assets 2023: $710,749Liabilities 2023: $1,359,442Net Assets 2023: -$648,6932023Assets 2024: $245,949Liabilities 2024: $1,680,211Net Assets 2024: -$1,434,2622024

Highlighted filing

2022

Assets$1,554,813
Liabilities$1,185,673
Net Assets$369,140
Open 2022 Filing

Operations Trend

Revenue Growth2nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2017: $942,887Expenses 2017: $938,721Net Income 2017: $4,1662017Revenue 2018: $545,663Expenses 2018: $508,592Net Income 2018: $37,0712018Revenue 2019: $1,508,192Expenses 2019: $440,921Net Income 2019: $1,067,2712019Revenue 2020: $1,459,331Expenses 2020: $911,662Net Income 2020: $547,6692020Revenue 2021: $1,740,126Expenses 2021: $1,421,545Net Income 2021: $318,5812021Revenue 2022: $269,935Expenses 2022: $1,959,632Net Income 2022: -$1,689,6972022Revenue 2023: $835,684Expenses 2023: $1,707,353Net Income 2023: -$871,6692023Revenue 2024: $1,537,675Expenses 2024: $2,268,238Net Income 2024: -$730,5632024

Highlighted filing

2022

Revenue$269,935
Expenses$1,959,632
Net Income-$1,689,697
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$269,935
Mission and Program Overview

Mission

Fitop's mission is to promote the welfare and success of veterans who wish to have careers in the fitness industry by providing full funding to an educational program that allows each veteran to become a certified personal trainer.

Encourage the potential of each individual it serves, in fitness and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,016,045$369,140▼ $1,646,905
Land, Buildings, and Equipment, Net$248,618$216,671▼ $31,947
Cash and Non-Interest-Bearing Accounts$72,200$10,953▼ $61,247
Savings and Temporary Cash Investments$634,632$792▼ $633,840
Investments in Publicly Traded Securities$149--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,245,572$1,554,813▼ $690,759
Other Assets Total$1,289,973$1,326,397▲ $36,424
Liabilities
Accounts Payable and Accrued Expenses$27,601$949,041▲ $921,440
Other Liabilities$201,926$236,632▲ $34,706
Total Liabilities$229,527$1,185,673▲ $956,146
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,016,045$369,140▼ $1,646,905
Total Liabilities and Net Assets / Fund Balance$2,245,572$1,554,813▼ $690,759

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$197,171$50,177$247,348
Other Land Buildings$19,500$16,500$36,000
Other Assets Org$1,326,397--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Matthew HesseChairman
Matthew DelzellExecutive Director
Todd WatsonExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$269,541
Program Service Revenue
$0
Investment Income
$394
Other Revenue
$0
All Other Contributions
$269,541
Change in Net Assets
$-1,689,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,581,359
Other Expenses$378,273
Total Fundraising Expense$59,205
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,578,938--$1,578,938
Insurance$41,548$8,934$5,194$55,676
Advertising-$1,293$27,108$28,401
Occupancy$21,393$2,674$2,674$26,741
Fees for Services Accounting-$9,600-$9,600
All Other Expenses$5,957$1,642$438$8,037
Other Expenses$6,198$775$775$7,748
Office Expenses$5,379$793$672$6,844
Interest$5,078--$5,078
Depreciation Depletion$3,384--$3,384
Fees for Services Legal-$2,425-$2,425
Grants to Domestic Orgs$2,421--$2,421
Travel$1,092$137$136$1,365
Total Functional Expenses$1,849,438$50,989$59,205$1,959,632
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Remco Real Estate$132,978
Tractor Loan$97,692
Credit Card Payables$5,962
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, Part VI, Section B, Line 11B

“Organization's process to review form 990. Form 990 is distributed to the board of directors for review before filing.”

Form 990, Part VI, Section B, Line 12C

“Enforcement of conflicts policy. Each board member signs a conflict of interest statement annually. The board arranges regular and consistent reviews of the conflict of interest policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the interest and be given the opportunity to disclose all material facts to the board.”

Form 990, Part VI, Section B, Line 15

“15a - compensation process for top official. By resolution of the board, payment for services or reimbursement of expenses incurred may be authorized, including for actual attendance at each meeting of the board or at each meeting of a committee of the board. Periodic reviews are made to determine whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's-length bargaining. 15b - compensation process for officers. By resolution of the board, payment for services or reimbursement of expenses incurred may be authorized, including for actual attendance at each meeting of the board or at each meeting of a committee of the board. Periodic reviews are made to determine whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation. Governing documents, conflict of interest policy, and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Fitops Foundation
EIN
82-1433446
Phone
8778295500
Address
307 S MAIN STREET 102, BENTONVILLE, AR 72712

Signing Officer

Name
Matthew Hesse
Title
Chairman
Phone
8778295500
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Hesse
Formed
2017
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
8

Preparer

Firm
W E Stevens Pc
Address
16850 FRANCES ST STE 100, OMAHA, NE 68130
Preparer
William Stevens
Phone
4029328815
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Book / tax depreciation difference 31,949.”

Raw XML Appendix375 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/OtherLandBuildingsGrp/BookValueAmt019500
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt036000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097692
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1132978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TRACTOR LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REMCO REAL ESTATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD PAYABLES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0216671
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01326397
IRS990ScheduleD/TotalLiabilityAmt0236632
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01578938
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR TUITION.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990. FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY. EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE BOARD ARRANGES REGULAR AND CONSISTENT REVIEWS OF THE CONFLICT OF INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt215A - COMPENSATION PROCESS FOR TOP OFFICIAL. BY RESOLUTION OF THE BOARD, PAYMENT FOR SERVICES OR REIMBURSEMENT OF EXPENSES INCURRED MAY BE AUTHORIZED, INCLUDING FOR ACTUAL ATTENDANCE AT EACH MEETING OF THE BOARD OR AT EACH MEETING OF A COMMITTEE OF THE BOARD. PERIODIC REVIEWS ARE MADE TO DETERMINE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S-LENGTH BARGAINING. 15B - COMPENSATION PROCESS FOR OFFICERS. BY RESOLUTION OF THE BOARD, PAYMENT FOR SERVICES OR REIMBURSEMENT OF EXPENSES INCURRED MAY BE AUTHORIZED, INCLUDING FOR ACTUAL ATTENDANCE AT EACH MEETING OF THE BOARD OR AT EACH MEETING OF A COMMITTEE OF THE BOARD. PERIODIC REVIEWS ARE MADE TO DETERMINE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 31,949.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02245572
IRS990/TotalAssetsEOYAmt01554813
IRS990/TotalAssetsGrp/BOYAmt02245572
IRS990/TotalAssetsGrp/EOYAmt01554813
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0269541
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt059205
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050989
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01849438
IRS990/TotalFunctionalExpensesGrp/TotalAmt01959632
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0229527
IRS990/TotalLiabilitiesEOYAmt01185673
IRS990/TotalLiabilitiesGrp/BOYAmt0229527
IRS990/TotalLiabilitiesGrp/EOYAmt01185673
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02016045
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0369140
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01849438
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0394
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269935
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02245572
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01554813
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0136
IRS990/TravelGrp/ManagementAndGeneralAmt0137
IRS990/TravelGrp/ProgramServicesAmt01092
IRS990/TravelGrp/TotalAmt01365
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0307 S MAIN ST
IRS990/USAddress/CityNm0BENTONVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072712
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FITOPS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW HESSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FITOPS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FITO
ReturnHeader/Filer/EIN0821433446
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt0307 S MAIN STREET 102
ReturnHeader/Filer/USAddress/CityNm0BENTONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072712
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470846179
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0W E STEVENS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016850 FRANCES ST STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068130
ReturnHeader/PreparerPersonGrp/PhoneNum04029328815
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM STEVENS
ReturnHeader/ReturnTs02023-11-15T19:57:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATTHEW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HESSE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,554,813
Liabilities
$1,185,673
Net assets
$369,140
Revenue
$269,935
Expenses
$1,959,632
Net income
-$1,689,697
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.25$1.68$1.43$1.54$2.27$0.73
2023Detailed filing. Detailed filing data is available for this year.$0.71$1.36$0.65$0.84$1.71$0.87
2022Detailed filing. Detailed filing data is available for this year.$1.55$1.19$0.37$0.27$1.96$1.69
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.23$2.02$1.74$1.42$0.32
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.05$1.61$1.46$0.91$0.55
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$1.51$0.44$1.07
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.55$0.51$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.94$0.94$0.00