Overview
What is Vets 1st Inc?
Vets 1st Inc, located in Lewes, Delaware, is a nonprofit organization dedicated to assisting U.S. military veterans. Their primary mission is to provide a supportive environment for veterans who may be struggling to transition back into civilian life after their military service. This includes offering housing, training programs, and a caring work environment that encourages personal growth and professional development. By doing so, Vets 1st Inc aims to help veterans regain their footing and thrive in their post-military lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (23%)
Vets 1st Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 23% reflects serious weaknesses in critical areas such as financial transparency and governance. While the organization scores highly for having a majority of independent board members and maintaining proper documentation of board meeting minutes, it falls short in other essential aspects, such as having an independent board size and conflict of interest policies.
The charity's lack of a robust conflict of interest policy and whistleblower policy, alongside failing to meet basic requirements for posting financial documents on its website, suggests a lack of commitment to transparency and proper governance practices. Additionally, its liabilities to assets ratio and program expense ratio scored zero, raising concerns about the financial health and operational efficiency of the organization.
While Vets 1st Inc demonstrates some strengths in board independence, the overall lack of financial accountability and transparency poses a significant risk to potential donors and stakeholders. It is crucial for the organization to address these deficiencies to improve its rating and build trust within the community it aims to serve.
This AI summary has been generated from information found on Charity Navigator.
Is Vets 1st Inc legitimate?
Vets 1st Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vets 1st Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Vets 1st Inc?
Vets 1st Inc, a non-profit organization, is committed to assisting U.S. military veterans. Their mission is to provide these veterans with housing, training, and a nurturing work environment that encourages personal growth and professional advancement. This environment is designed to enrich the lives of the veterans, helping them transition smoothly from military service. Vets 1st Inc also offers training programs for military personnel who may be struggling to find suitable employment opportunities post-military service.
What is the revenue of Vets 1st Inc?
Vets 1st Inc's revenue in 2023 was $356.
Who are the executives of Vets 1st Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vets 1st Inc?
Vets 1st Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Vets 1st Inc
Vets 1st Inc, a nonprofit organization, is committed to supporting United States military veterans. Their mission is to provide these individuals with a conducive living environment, vocational training, and opportunities for personal enrichment and professional growth. By offering housing, education, and a caring work environment, Vets 1st Inc aims to foster the holistic development of veterans, helping them transition smoothly after their military service. The organization also provides training to military personnel who may be struggling to find suitable employment opportunities post-service.
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Impact
October, 2024
Vets 1st Inc significantly impacts the lives of U.S. military veterans by providing essential support in the transition to civilian life. The organization focuses on offering housing solutions that ensure veterans have stable living conditions, which is a critical factor in their overall well-being.
In addition to housing, Vets 1st Inc offers comprehensive training programs designed specifically for veterans who may struggle to find suitable employment after military service. This training equips them with valuable skills and fosters personal enrichment, empowering veterans to confidently navigate the job market.
The organization creates a caring work environment that encourages professional growth. By placing an emphasis on mental and emotional support, Vets 1st Inc helps veterans to not only secure jobs but also to thrive in their new careers. This holistic approach not only enhances the livelihoods of veterans but also enriches the communities they become a part of, as they contribute their diverse skills and experiences. Through these initiatives, Vets 1st Inc plays a pivotal role in improving the quality of life for veterans and facilitating their reintegration into society.
This information is meant to be a general summary of Vets 1st Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $338
- Program Service Revenue: $9
- Gross Receipts: $356
Assets and Liabilities:
- Total Assets: $1,581,821
- Total Liabilities: $1,786,318
- Net Assets: -$204,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$9
Organization Details
Founding Year
2003
Principal Officer
John Travis
NTEE Category
Code: N63 - Recreation
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