Civic Intelligence

Vets2Set Inc.

990EZ • Fiscal year 2023 • EIN 82-5345086

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 18, 2024

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

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

12th percentile

-40%

Higher net margin than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

31st percentile

-11%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-54%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$18,865

Down $2,273 (-11%) from 2022

Net Assets

Down

$18,854

Down $2,033 (-9.7%) from 2022

Liabilities

Down

$11

Down $240 (-96%) from 2022

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin12th percentile

Revenue

Down

$5,053

Down $5,954 (-54%) from 2022

Expenses

Down

$7,086

Down $3,370 (-32%) from 2022

Net Income

Down

-$2,033

Down $2,584 (-469%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2023

Assets$18,865
Liabilities$11
Net Assets$18,854
Open 2023 Filing

Operations Trend

Revenue Growth10th 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

2023

Revenue$5,053
Expenses$7,086
Net Income-$2,033
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 18, 2024
Return Version
2023v5.0
Gross Receipts
$5,053
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 the possibility of 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 2024, there are more than 835 veterans in 48 states registered and more than 343 employers in 29 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 suppliers 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$1,210
Compensation and Service Providers
Top Officer Pay78th 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
2024-03-18
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Insurance;1452|Information Technology;823|Meals and Entertainment;327|State Fees and Licenses;136^Total;2738^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Credit Card;11^Total;11^”

Raw XML Appendix250 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/TitleTxt0President and Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President and Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary and Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd00
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IRS990EZ/ProgramServiceRevenueAmt00
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 the possibility of 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 2024, there are more than 835 veterans in 48 states registered and more than 343 employers in 29 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 suppliers 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/ExplanationTxt1Description;EOY Amount^Credit Card;11^Total;11^
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/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Seth Asofsky
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer and CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08448448387
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-18
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/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-03-16T15:26:15-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Seth
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Asofsky
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,865
Liabilities
$11
Net assets
$18,854
Revenue
$5,053
Expenses
$7,086
Net income
-$2,033
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