Civic Intelligence

Independence for Veterans Inc.

990EZ • Fiscal year 2019 • EIN 83-4663158

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 27, 2020

PO Box 7Bedminster, NJ 07921

(908) 470-1930

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.23x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • NTEE W30 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • NTEE W30 • <$500k nonprofits • Source year 2019

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2019 filings • NTEE W30 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

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

2019 filings • NTEE W30 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$8,890

No earlier filing loaded for comparison.

Net Assets

$6,807

No earlier filing loaded for comparison.

Liabilities

$2,083

No earlier filing loaded for comparison.

Revenue

$16,110

No earlier filing loaded for comparison.

Expenses

$9,303

No earlier filing loaded for comparison.

Net Income

$6,807

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2019: $8,890Liabilities 2019: $2,083Net Assets 2019: $6,8072019Assets 2020: $49,123Liabilities 2020: $673Net Assets 2020: $48,4502020Assets 2021: $90,804Liabilities 2021: $1,513Net Assets 2021: $89,2912021Assets 2022: $100,837Liabilities 2022: $2,926Net Assets 2022: $97,9112022Assets 2023: $68,220Liabilities 2023: $158Net Assets 2023: $68,0622023Assets 2024: $34,752Liabilities 2024: $2,156Net Assets 2024: $32,5962024

Highlighted filing

2019

Assets$8,890
Liabilities$2,083
Net Assets$6,807

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $16,110Expenses 2019: $9,303Net Income 2019: $6,8072019Revenue 2020: $96,408Expenses 2020: $55,485Net Income 2020: $40,9232020Revenue 2021: $188,608Expenses 2021: $148,499Net Income 2021: $40,1092021Revenue 2022: $238,779Expenses 2022: $226,877Net Income 2022: $11,9022022Revenue 2023: $383,925Expenses 2023: $422,783Net Income 2023: -$38,8582023Revenue 2024: $696,456Expenses 2024: $723,083Net Income 2024: -$26,6272024

Highlighted filing

2019

Revenue$16,110
Expenses$9,303
Net Income$6,807
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 27, 2020
Return Version
2019v5.1
Gross Receipts
$16,110
Mission and Program Overview

Mission

Provide support and assistance to veterans of the united states armed forces. This support shall be in various forms, including but not limited to the provision of new clothing other necessities and direct financial assistance. The corporation shall also promote the needs of veterans and their subsequent causes via any and all media, and develop, plan and conduct various educational, cultural, social, and/or recreational programs for veterans and their families.

Program Services

DescriptionGrantsExpenses
PROVIDE SUPPORT AND ASSISTANCE TO VETERANS OF THE UNITED STATES ARMED FORCES. THIS SUPPORT SHALL BE IN VARIOUS FORMS, INCLUDING BUT NOT LIMITED TO THE PROVISION OF NEW CLOTHING OTHER NECESSITIES AND DIRECT FINANCIAL ASSISTANCE.$0$5,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STACIA MCDONOUGHPresidentPT$0--
DOROTHY DAVISSecretaryPT$0--
LOUIS MANZOTreasurerPT$0--
ANTONELLA CELLIBoard Member-$0--
ANDREW DAPONTEBoard MemberPT$0--
ROBIN RAYBoard Member-$0--
JOSEPH ROMANO ESQBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Independence for Veterans Inc
EIN
83-4663158
Phone
9084701930
Address
PO BOX 7, BEDMINSTER, NJ 07921

Signing Officer

Name
Stacia Mcdonough
Title
President
Phone
9084701930
Signed
2020-03-27
Discuss with paid preparer
Yes

Preparer

Firm
Rosenberg Rich Baker Berman & Co
Address
265 DAVIDSON AVE SUITE 210, SOMERSET, NJ 08873-4120
Preparer
David N Roth CPA
Phone
9082311000
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: DONATIONS TO VERTERAN ORGANIZATIONS. Amount: 5,550. Description: IRS FILING FEE. Amount: 600. Description: MEETINGS AND LOCAL TRAVEL. Amount: 1,546. Description: OFFICE, COMPUTER, WEBSITE. Amount: 434. Total to Form 990-EZ, line 16: 8,130.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: CREDIT CARD PAYABLE. Beg. of Year Amount: 0. End of Year Amount: 871. Description: DUE TO FOUNDER. Beg. of Year Amount: 0. End of Year Amount: 1,212.

Raw XML Appendix179 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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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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