Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
89th percentile
Higher net margin than 89% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Balance Sheet
Assets
Up$124,900
Up $78,756 (+171%) from 2020
Net Assets
$124,763
No earlier filing loaded for comparison.
Liabilities
Up$137
Up $137 from 2020
Revenue And Expenses
Revenue
Up$129,224
Up $95,228 (+280%) from 2020
Expenses
Up$50,605
Up $49,177 (+3444%) from 2020
Net Income
Up$78,619
Up $46,051 (+141%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Dec 29, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $138,883
Mission and Program Overview
Mission
We are dedicated to raising money to honor and assist local veterans of alamance county that are in need. This organization in its activities shall be non-partisan, non-sectional, non-sectarian and shall not take part in nor lend influence to the election or appointment of any candidates for state, county or any other public office. Alcovets, inc. Is a non-profit and shall operate exclusively for education and charitable purposes within the meaning of section 501(3) of the internal revenue code or the corresponding section of any future federal tax code.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDING OUTREACH AND HOSTING EVENTS TO EDUCATE THE PUBLIC ON THE NEEDS OF VETERANS AND TO HONOR THE VETERANS OF ALAMANCE COUNTY. WE STRIVE TO FIGHT FOR THOSE WHO FOUGHT FOR US. | - | $50,605 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| WILLIAM G TALLEY | Chairman | PT | $0 | - | - |
| RICHARD SHEVLIN | Vice Chairma | PT | $0 | - | - |
| DUANE FLOOD | Treasurer | - | $0 | - | - |
| BOBBY CHIN | Secretary | PT | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Raffles | $38,431 | $38,431 | $9,659 | $28,772 |
| Total Events | $38,431 | $38,431 | $9,659 | $28,772 |
Filing and Contact Details
Filer
- Filer Name
- Alcovets Inc
- EIN
- 82-5304445
- Phone
- 3369328387
- Address
- PO BOX 872, GRAHAM, NC 27253
Signing Officer
- Name
- William G Talley
- Title
- Chairman
- Phone
- 3369328387
- Signed
- 2022-12-29
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Cobb Ezekiel Loy & Company Pa
- Address
- POST OFFICE BOX 387, GRAHAM, NC 27253-0387
- Preparer
- Donald T Mcbane CPA
- Phone
- 3362271495
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising & promotion 1,096 office expense 2,911 travel 40 insurance 386 closing costs 350 bank fees 136 registration fees 25 event expenses 29,107 filing fees 126 merchant deposit fees 120 misc expense 186 total 34,483”
Form 990-ez, Part II, Line 24
“Furniture & equipment 0 2,450 less accumulated depreciation 0 2,450 total 0 0”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 137”
Form 990-ez, Part III
“We are dedicated to raising money to honor and assist local veterans of alamance county that are in need. This organization in its activities shall be non-partisan, non-sectional, non-sectarian and shall not take part in nor lend influence to the election or appointment of any candidates for state, county or any other public office. Alcovets, inc. Is a non-profit and shall operate exclusively for education and charitable purposes within the meaning of section 501(3) of the internal revenue code or the corresponding section of any future federal tax code.”
Raw XML Appendix152 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 7363 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JENNIFER L TALLEY |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3365161460 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 872 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GRAHAM |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27253 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 46144 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 57352 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 98922 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 78619 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 46144 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 124900 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 38431 |
| IRS990EZ/GrossReceiptsAmt | 0 | 138883 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 67548 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 46144 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 124763 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 46144 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 124763 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 8492 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 12.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 6.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 8.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | WILLIAM G TALLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RICHARD SHEVLIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DUANE FLOOD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | BOBBY CHIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE CHAIRMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 34483 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | WE ARE DEDICATED TO RAISING MONEY TO HONOR AND ASSIST LOCAL VETERANS OF ALAMANCE COUNTY THAT ARE IN NEED. THIS ORGANIZATION IN ITS ACTIVITIES SHALL BE NON-PARTISAN, NON-SECTIONAL, NON-SECTARIAN AND SHALL NOT TAKE PART IN NOR LEND INFLUENCE TO THE ELECTION OR APPOINTMENT OF ANY CANDIDATES FOR STATE, COUNTY OR ANY OTHER PUBLIC OFFICE. ALCOVETS, INC. IS A NON-PROFIT AND SHALL OPERATE EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(3) OF THE INTERNAL REVENUE CODE OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 267 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 1525 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDING OUTREACH AND HOSTING EVENTS TO EDUCATE THE PUBLIC ON THE NEEDS OF VETERANS AND TO HONOR THE VETERANS OF ALAMANCE COUNTY. WE STRIVE TO FIGHT FOR THOSE WHO FOUGHT FOR US. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 50605 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 9659 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 28772 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 137 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 50605 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 50605 |
| IRS990EZ/TotalRevenueAmt | 0 | 129224 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.ALCOVETS.ORG |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 98922 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 8146 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17812 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 23946 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 148826 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 7 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 18 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 39956 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 148826 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 98922 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 8146 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17812 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 23946 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 148826 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 198695 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 25243 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 15217 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 9391 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 49851 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 9659 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | RAFFLES |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 38431 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 38431 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 38431 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 38431 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 28772 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 9659 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 9659 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING & PROMOTION 1,096 OFFICE EXPENSE 2,911 TRAVEL 40 INSURANCE 386 CLOSING COSTS 350 BANK FEES 136 REGISTRATION FEES 25 EVENT EXPENSES 29,107 FILING FEES 126 MERCHANT DEPOSIT FEES 120 MISC EXPENSE 186 TOTAL 34,483 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FURNITURE & EQUIPMENT 0 2,450 LESS ACCUMULATED DEPRECIATION 0 2,450 TOTAL 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 137 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | WE ARE DEDICATED TO RAISING MONEY TO HONOR AND ASSIST LOCAL VETERANS OF ALAMANCE COUNTY THAT ARE IN NEED. THIS ORGANIZATION IN ITS ACTIVITIES SHALL BE NON-PARTISAN, NON-SECTIONAL, NON-SECTARIAN AND SHALL NOT TAKE PART IN NOR LEND INFLUENCE TO THE ELECTION OR APPOINTMENT OF ANY CANDIDATES FOR STATE, COUNTY OR ANY OTHER PUBLIC OFFICE. ALCOVETS, INC. IS A NON-PROFIT AND SHALL OPERATE EXCLUSIVELY FOR EDUCATION AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(3) OF THE INTERNAL REVENUE CODE OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2023-03-07 01:45:13Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM G TALLEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3369328387 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-12-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ALCOVETS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ALCO |
| ReturnHeader/Filer/EIN | 0 | 825304445 |
| ReturnHeader/Filer/PhoneNum | 0 | 3369328387 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 872 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRAHAM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27253 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561104897 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | COBB EZEKIEL LOY & COMPANY PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | POST OFFICE BOX 387 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GRAHAM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 272530387 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3362271495 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-12-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DONALD T MCBANE CPA |
| ReturnHeader/ReturnTs | 0 | 2023-01-09T14:52:57-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | WILLIAM G |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | TALLEY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $124,900
- Liabilities
- $137
- Net assets
- $124,763
- Revenue
- $129,224
- Expenses
- $50,605
- Net income
- $78,619