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Posts from the ‘Veterans’ Category

18
Dec

Where Does $100 to Homes For Our Troops Go (2024)?

Homes For Our Troops provide a much needed product (build and donate custom homes outfitted for disabilities) and a service (a pro-bono financial planner for three years to assist in financial planning and household budgeting, along with homeownership education and warranty coverage to ensure that the Veteran is set up for long-term success as a homeowner).  Although the veteran pays no mortgage, Homes For Our Troops places a 10-year lien on the home to protect the veteran from losing the home due to a home equity loan foreclosure and safeguards donor contributions to the program. In addition, it provides a period of time for the family to become more financially stable.  Beginning in year 6, the veteran accrues 20% equity per year until year 10. After 10 years in the home, the veteran owns the home. Read more »

16
Dec

Where Does $100 to Homes For Our Troops Go (2023)?

Homes For Our Troops provide a much needed product (build and donate custom homes outfitted for disabilities) and a service (a pro-bono financial planner for three years to assist in financial planning and household budgeting, along with homeownership education and warranty coverage to ensure that the Veteran is set up for long-term success as a homeowner).

Homes For Our Troops is a tax-exempt, non-profit 501 (c) (3) established in 2004 in Massachusetts “to build and donate specially adapted custom homes nationwide for severely injured post-9/11 veterans to help them rebuild their lives.” Over the past 19 years (2004-2023), 375 homes (an average of 20 custom homes annually) have been built for veterans who have “sustained injuries including multiple limb amputations, partial or full paralysis, and/or severe traumatic brain injury (TBI).” Read more »

12
Dec

How Revenue is Spent at Paralyzed Veterans of America (2024)

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 34 chapters throughout the country). Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  How much of my donation goes to the organization’s core mission?  The answer:  about 57% in 2024 with 35% spent on a marketing, publications, and advertising (note: PVA spent $92 for every $100 in revenue received in 2024).

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2024) include the following: Read more »

24
Jun

14 Executives at Wounded Warrior Received $24 Million in Compensation

The 14 most highly compensated employees at Wounded Warrior Project (a tax-exempt non-profit charitable organization with $450 million in net assets focused on rebuilding the lives of wounded veterans that was established in 2003 and is headquartered in Jacksonville, Florida with about 1,000 employees) received $24 million in compensation from 2018-2024 (note:  highly compensated employees in 2018-2023 but not in 2023 are not included in the list below): Read more »

20
Nov

Executive Compensation at the V Foundation (2023)

The V Foundation and Don’t Ever Give Up, Inc. are two separate non-profit 501 (c) (3)’s that can be best described  as follows:

V Foundation:  Formed in 1993 by Jim Valvano to raise money to fund cancer research; and

Don’t Ever Give Up, Inc.:  Formed in 2015 to raise funds for the V Foundation, this organization is the fundraising support arm for the V Foundation. Read more »

18
Nov

Where Does $100 to the V Foundation Go (2023)?

The V Foundation was founded by Jim Valvano, the legendary basketball coach who died in 1993 when he was 47 years old. Based in Cary, North Carolina, the V Foundation was established to raise funds for cancer research so the organization engages in primarily two functions:  fundraising and awarding grants.  However, it is also important to note that an affiliate organization – Don’t Ever Give Up, Inc. – a non-profit 501 (c) (3) – that operates out of the same office – exists to raise funds for the V Foundation.

It is unclear why Don’t Ever Give Up, Inc. was established (in 2015) to raise funds when one of the two purposes of the V Foundation is to raise funds.  Sometimes non-profits form an affiliate organization to focus solely on fundraising so that the primary organization’s fundraising costs appear lower than what they actually are.  To fully understand the V Foundation, it is necessary to look at the IRS Form 990’s of BOTH organizations. If both organizations were considered collectively (since Don’t Ever Give Up, Inc. exists to support the V Foundation), then a more accurate picture of revenue and expenses are revealed. Read more »

2
Nov

Executive Compensation at Disabled American Veterans (DAV)(2023)

The Disabled American Veterans (DAV) organization is a 501 (c) (4) – a social welfare organization – that was created by Congress in 1920 to assist disabled military veterans and their families.  Based in Cold Spring, Kentucky, DAV provides services nationwide to disabled veterans through staff, national service offices and more than 1,300 local chapters. Read more »

31
Oct

Where Does $100 to Disabled American Veterans (DAV) Go (2023)?

The Disabled American Veterans (DAV) organization is a 501 (c) (4) – a social welfare organization – that was created by Congress in 1920 to assist disabled military veterans and their families.  Based in Cold Spring, Kentucky, DAV provides services nationwide to disabled veterans through staff, national service offices and more than 1,300 local chapters. Read more »

25
Sep

Executive Compensation at Paralyzed Veterans of America (2023)

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 33 chapters throughout the country (Note:  the Form 990 reports 33 chapters but the website reports 34 chapters).

Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  how much of my donation goes to the organization’s core mission?  The answer:  about 49% in 2023 with the remainder (58%)  spent on a marketing, publications, and advertising (note:  PVA spent $8 million more than the organization raised in 2023, or $107 for every $100 raised). Since the organization reported $11 million in unrealized gains on investments and had about $100 million in net assets, there was no deterioration in net assets).

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2023) include the following: Read more »

23
Sep

Where Does $100 to Paralyzed Veterans of America Go (2023)?

The Paralyzed Veterans of America (PVA) is a non-profit, tax-exempt 501 (c) 3 based in Washington, DC (although the organization has 73 offices and 33 chapters throughout the country). Established in 1947, PVA has a core mission of vets serving vets, funding spinal cord research, and advocating for disability rights, according to their website. So, the question most donors want to know is:  How much of my donation goes to the organization’s core mission?  The answer:  about 49% in 2023 with 58% spent on a marketing, publications, and advertising (note: PVA spent $107 for every $100 in revenue received in 2023).

Key financial information reported by PVA to the IRS on the Form 990 (for the year ending June 30, 2023) include the following: Read more »