Civic Intelligence

Independence for Veterans Inc.

990EZ • Fiscal year 2020 • EIN 83-4663158

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 22, 2021

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

73rd percentile

0.01x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • NTEE W30 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • NTEE W30 • <$500k nonprofits • Source year 2020

Net Margin

85th percentile

42%

Higher net margin than 85% of similar nonprofits.

2020 filings • NTEE W30 • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$5,697

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2020 filings • NTEE W30 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

453%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE W30 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

498%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • NTEE W30 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$49,123

Up $40,233 (+453%) from 2019

Net Assets

Up

$48,450

Up $41,643 (+612%) from 2019

Liabilities

Down

$673

Down $1,410 (-68%) from 2019

Revenue

Up

$96,408

Up $80,298 (+498%) from 2019

Expenses

Up

$55,485

Up $46,182 (+496%) from 2019

Net Income

Up

$40,923

Up $34,116 (+501%) from 2019

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

2020

Assets$49,123
Liabilities$673
Net Assets$48,450

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

2020

Revenue$96,408
Expenses$55,485
Net Income$40,923
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 22, 2021
Return Version
2020v4.0
Gross Receipts
$96,408
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$40,710
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STACIA MCDONOUGHPresidentFT$5,697-$5,697
DOROTHY DAVISSecretary-$0--
LOUIS MANZOTreasurer-$0--
ANTONELLA CELLIBoard Member-$0--
ANDREW DAPONTEBoard Member-$0--
ROBIN RAYBoard Member-$0--
JOSEPH ROMANO ESQBoard MemberPT$0--
CATHERINE BUBETBoard Member-$0--
MICHAEL ARMSTRONGBoard Member-$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
2021-02-22
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: 40,710. Description: MEETINGS AND TRAVEL. Amount: 2,066. Description: OFFICE, COMPUTER, WEBSITE. Amount: 718. Description: ADVERTISING. Amount: 500. Description: INSURANCE. Amount: 816. Description: PAYROLL TAXES. Amount: 1,117. Description: PAYROLL PROCESSING FEES. Amount: 234. Total to Form 990-EZ, line 16: 46,161.

Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets

Description: UNREALIZED GAIN ON MARKETABLE SECURITIES. Amount: 720.

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

Description: CREDIT CARD PAYABLE. Beg. of Year Amount: 871. End of Year Amount: 0. Description: EXPENSES PAYABLE. Beg. of Year Amount: 1,212. End of Year Amount: 673.

Raw XML Appendix186 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
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: DONATIONS TO VERTERAN ORGANIZATIONS. Amount: 40,710. Description: MEETINGS AND TRAVEL. Amount: 2,066. Description: OFFICE, COMPUTER, WEBSITE. Amount: 718. Description: ADVERTISING. Amount: 500. Description: INSURANCE. Amount: 816. Description: PAYROLL TAXES. Amount: 1,117. Description: PAYROLL PROCESSING FEES. Amount: 234. Total to Form 990-EZ, line 16: 46,161.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: UNREALIZED GAIN ON MARKETABLE SECURITIES. Amount: 720.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: CREDIT CARD PAYABLE. Beg. of Year Amount: 871. End of Year Amount: 0. Description: EXPENSES PAYABLE. Beg. of Year Amount: 1,212. End of Year Amount: 673.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
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.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0STACIA MCDONOUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09084701930
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-22
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ReturnHeader/Filer/EIN0834663158
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSENBERG RICH BAKER BERMAN & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0265 DAVIDSON AVE SUITE 210
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PhoneNum09082311000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID N ROTH CPA
ReturnHeader/ReturnTs02021-02-26T10:17:03-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STACIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCDONOUGH
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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