Civic Intelligence

Vets2Set Inc.

990EZ • Fiscal year 2020 • EIN 82-5345086

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 06, 2021

Organization Profilewww.vets2set.org
8754 Lakes BoulevardWest Palm Beach, FL 33412

(844) 844-8387

Siviq Scores

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

Liabilities / Assets

77th percentile

0.13x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

80th percentile

0.14x

Higher debt load relative to revenue than 80% of similar nonprofits.

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

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

88th percentile

102%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

38th percentile

-27%

Faster revenue growth than 38% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$28,434

Up $14,358 (+102%) from 2019

Net Assets

Up

$24,824

Up $14,889 (+150%) from 2019

Liabilities

Down

$3,610

Down $531 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin91st percentile

Revenue

Down

$26,020

Down $9,556 (-27%) from 2019

Expenses

Down

$11,131

Down $14,510 (-57%) from 2019

Net Income

Up

$14,889

Up $4,954 (+50%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30K$20K$10K$0Assets 2019: $14,076Liabilities 2019: $4,141Net Assets 2019: $9,9352019Assets 2020: $28,434Liabilities 2020: $3,610Net Assets 2020: $24,8242020Assets 2021: $20,387Liabilities 2021: $51Net Assets 2021: $20,3362021Assets 2022: $21,138Liabilities 2022: $251Net Assets 2022: $20,8872022Assets 2023: $18,865Liabilities 2023: $11Net Assets 2023: $18,8542023Assets 2024: $11,781Liabilities 2024: $11Net Assets 2024: $11,7702024Assets 2025: $9,377Liabilities 2025: $492Net Assets 2025: $8,8852025

Highlighted filing

2020

Assets$28,434
Liabilities$3,610
Net Assets$24,824
Open 2020 Filing

Operations Trend

Revenue Growth38th percentile

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

$40K$20K$0-$20KRevenue 2019: $35,576Expenses 2019: $25,641Net Income 2019: $9,9352019Revenue 2020: $26,020Expenses 2020: $11,131Net Income 2020: $14,8892020Revenue 2021: $11,062Expenses 2021: $15,550Net Income 2021: -$4,4882021Revenue 2022: $11,007Expenses 2022: $10,456Net Income 2022: $5512022Revenue 2023: $5,053Expenses 2023: $7,086Net Income 2023: -$2,0332023Revenue 2024: $5,500Expenses 2024: $12,584Net Income 2024: -$7,0842024Revenue 2025: $5,500Expenses 2025: $8,385Net Income 2025: -$2,8852025

Highlighted filing

2020

Revenue$26,020
Expenses$11,131
Net Income$14,889
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 6, 2021
Return Version
2020v4.0
Gross Receipts
$26,020
Mission and Program Overview

Mission

Charitable organization with primary purpose of veterans employment placement.

Program Services

DescriptionGrantsExpenses
Vets2Set is organized to facilitate the successful transition of veterans from active military service to civilian employment in the media production industry. Vets2Set provides veterans with industry-specific training and entry-level jobs as production assistants in an industry which is known for its difficult barriers of entry and develop skills necessary to pursue a successful career. Vets2Set started in 2019 with the public launch of the program occurring in November 2019. As of March 2021, there are more than 350 veterans in 30 states registered and more than 120 employers in 19 states. The program works by enrolling interested veterans in the Vets2set database. Military credentials are validated by Vets2set and then the veterans' contact information and special interests become searchable by participating employers. Employers committed to hiring two veterans for their productions search the database by zip code to find appropriate staff for shoots wherever shoots take place. Production companies hire and pay the veterans directly. No fees are paid to Vets2Set by veterans or employers. As a not-for-profit organization, Vets2Set depends solely on donations and volunteer work.$0$4,551
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David CohenPresident And DirectorPT$0--
Peter FriedmanVice President And DirectorPT$0--
Paul BernabeoSecretary And DirectorPT$0--
Seth AsofskyTreasurer And DirectorPT$0--
Maureen WeiglExecutive DirectorPT$0--
Lynn RoerDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Vets2set Inc
EIN
82-5345086
Phone
8448448387
Address
8754 Lakes Boulevard, West Palm Beach, FL 33412

Signing Officer

Name
Seth Asofsky
Title
Treasurer and CFO
Phone
8448448387
Signed
2021-03-06
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^IT;1280|Travel;3443|Training;542|State Fees and licenses;90^Total;5355^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Credit Cards;3610^Total;3610^”

Raw XML Appendix233 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary and Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Vets2Set is organized to facilitate the successful transition of veterans from active military service to civilian employment in the media production industry. Vets2Set provides veterans with industry-specific training and entry-level jobs as production assistants in an industry which is known for its difficult barriers of entry and develop skills necessary to pursue a successful career. Vets2Set started in 2019 with the public launch of the program occurring in November 2019. As of March 2021, there are more than 350 veterans in 30 states registered and more than 120 employers in 19 states. The program works by enrolling interested veterans in the Vets2set database. Military credentials are validated by Vets2set and then the veterans' contact information and special interests become searchable by participating employers. Employers committed to hiring two veterans for their productions search the database by zip code to find appropriate staff for shoots wherever shoots take place. Production companies hire and pay the veterans directly. No fees are paid to Vets2Set by veterans or employers. As a not-for-profit organization, Vets2Set depends solely on donations and volunteer work.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^IT;1280|Travel;3443|Training;542|State Fees and licenses;90^Total;5355^
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Seth Asofsky
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer and CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08448448387
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VETS2SET INC
ReturnHeader/Filer/BusinessNameControlTxt0VETS
ReturnHeader/Filer/EIN0825345086
ReturnHeader/Filer/PhoneNum08448448387
ReturnHeader/Filer/USAddress/AddressLine1Txt08754 Lakes Boulevard
ReturnHeader/Filer/USAddress/CityNm0West Palm Beach
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033412
ReturnHeader/ReturnTs02021-03-06T12:50:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
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
$28,434
Liabilities
$3,610
Net assets
$24,824
Revenue
$26,020
Expenses
$11,131
Net income
$14,889
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.38$0.49$8.89$5.50$8.39$2.89
2024Detailed filing. Detailed filing data is available for this year.$11.8$0.01$11.8$5.50$12.6$7.08
2023Detailed filing. Detailed filing data is available for this year.$18.9$0.01$18.9$5.05$7.09$2.03
2022Detailed filing. Detailed filing data is available for this year.$21.1$0.25$20.9$11.0$10.5$0.55
2021Detailed filing. Detailed filing data is available for this year.$20.4$0.05$20.3$11.1$15.6$4.49
2020Detailed filing. Detailed filing data is available for this year.$28.4$3.61$24.8$26.0$11.1$14.9
2019Detailed filing. Detailed filing data is available for this year.$14.1$4.14$9.94$35.6$25.6$9.94