American Vets Group Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824574425 ✦ Melville, NY ✦ Designated as a 501(c)(19)

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Overview

What is American Vets Group Foundation Inc?

American Vets Group Foundation Inc, located in Melville, New York, is a nonprofit organization that receives distributions from American Veterans Group, PBC. The foundation holds a 25% equity gifted to it. Their primary mission is to support veterans and organizations that cater to their needs. The foundation directs its support to specific community needs, demonstrating a commitment to enhancing the lives of veterans through volunteering and donations.


Official website here: www.americanvetsgroup.org

Is American Vets Group Foundation Inc legitimate?

American Vets Group Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(19) entity. American Vets Group Foundation 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


Official website here: www.americanvetsgroup.org

What is the mission statement of American Vets Group Foundation Inc?

The American Vets Group Foundation Inc's mission is centered around supporting U.S. military veterans and organizations that cater to their needs. This support is directed towards specific community requirements. The foundation's activities primarily involve volunteering and donating funds to various veteran support organizations in the United States. The financial backing for these initiatives comes from distributions received from the American Veterans Group, PBC, of which the foundation holds a 25% equity, a portion that was generously gifted to it.


Official website here: www.americanvetsgroup.org

What is the revenue of American Vets Group Foundation Inc?

American Vets Group Foundation Inc's revenue in 2023 was $241,206.


Official website here: www.americanvetsgroup.org

Who are the executives of American Vets Group Foundation Inc and what are their salaries?

Here are 4 key members and their salaries:


Wade Franklin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Frazier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Berelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Laraway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.americanvetsgroup.org

Where can I find the form 990 for American Vets Group Foundation Inc?

American Vets Group Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.americanvetsgroup.org

Learn more at the official website: www.americanvetsgroup.org

Mission Statement of American Vets Group Foundation Inc

American Vets Group Foundation Inc is committed to supporting veterans and organizations that cater to their needs. The foundation leverages its resources to address specific community requirements, focusing on the well-being of U.S. military veterans. In pursuit of its mission, American Vets Group Foundation Inc engages in volunteering and monetary contributions to various veteran support organizations across the nation. The foundation's financial backing stems from distributions it receives from American Veterans Group PBC, which donated a 25% equity share to the foundation. By channeling its resources and efforts in this manner, American Vets Group Foundation Inc plays a crucial role in uplifting the lives of veterans and strengthening the organizations that serve them.

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Impact




October, 2024

American Vets Group Foundation Inc significantly impacts the veteran community by directing support to organizations that assist veterans and addressing specific community needs. By volunteering and donating funds to U.S. military veteran support organizations, the foundation enhances resources available to veterans and fosters a culture of care and appreciation for their service. With financial distributions received from the Equity in American Veterans Group, PBC, a portion of those funds, specifically 25%, is gifted to the foundation, enabling it to expand its outreach and initiatives. Based in Melville, NY, its efforts resonate throughout the community, making a meaningful difference in the lives of veterans and their families.




This information is meant to be a general summary of American Vets Group Foundation 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.

Revenue
$241,206 (2023)
Expenses
$203,692 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $241,206

Assets and Liabilities:

  • Total Assets: -$70,581
  • Total Liabilities: $90
  • Net Assets: -$70,671

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Organization Details

Founding Year

2018

Principal Officer

Wade Franklin

NTEE Category

Code: W30 - Public benefit

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