Guitars For Vets in Milwaukee, Wisconsin (WI)
Table of contents:
| Guitars For Vets | |
| Employer Identification Number (EIN) | 510662347 |
| Name of Organization | Guitars For Vets |
| In Care of Name | Patrick Nettesheim |
| Address | Po Box 617, Milwaukee, WI 53201 |
| Website | http://www.guitarsforvets.org |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2010 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $42,192 |
| Amount of Income | $119,263 |
| Form 990 Revenue Amount | $112,438 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Professional Societies, Associations |
Non-representatives - add comments:
Amount of income in 2010: $119,263 (it was $112,438 in 2013)
| This organization: | $119,263 |
| Other organizations performing similar types of work: | $253,321 |
Assets in 2010: $42,192 (it was $42,192 in 2013)
| Guitars For Vets: | $42,192 |
| Other organizations performing similar types of work: | $150,642 |
Expenses in 2013: $91,083
| Guitars For Vets: | $91,083 |
| Other organizations performing similar types of work: | $246,599 |
Income to expenses ratio in 2013: 1.3
| Guitars For Vets: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 85.4%
| This organization: | 85.4% |
| Other organizations performing similar types of work: | 12.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2008 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $9,142 | $73,661 | $69,453 | $112,438 |
| Contributions, gifts, grants, and similar amounts received | $8,497 | $71,701 | $61,938 | $95,990 |
| Program service revenue including government fees and contracts | $0 | $0 | $300 | $2,454 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $3 | $0 | $0 | $13 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $3,471 | $7,004 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $3,471 | $7,004 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-6,825 | $0 | $2,470 | $6,977 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $10,005 | $0 | $2,553 | $8,477 |
| Less: direct expenses from gaming and fundraising events | $16,831 | $0 | $83 | $1,500 |
| Gross profit/loss from sales of inventory | $5,980 | $1,960 | $1,274 | $0 |
| Gross sales of inventory, less returns and allowances | $8,032 | $8,547 | $7,024 | $5,325 |
| Less: cost of goods sold | $2,052 | $6,587 | $5,750 | $5,325 |
| Other revenue | $1,487 | $0 | $0 | $0 |
| Total expenses | $8,521 | $79,319 | $63,601 | $91,083 |
| Total net assets | $1,752 | $8,804 | $14,656 | $36,011 |
| Excess/Deficit for the year | $621 | $-5,658 | $5,852 | $21,355 |
| Net assets or fund balances at beginning of year | $1,131 | $14,462 | $8,804 | $14,656 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $14,656 | $36,011 | ||
| Balance Sheets | ||||
| 2008 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $3,825 | $13,988 | $14,764 | $42,192 |
| Total liabilities | $2,073 | $5,184 | $109 | $6,181 |
| Net assets or fund balances | $1,752 | $8,804 | $14,656 | $36,011 |
| Other Information | ||||
| 2008 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $382,856 |
| Subtotal | $382,856 |
| Gifts, grants, contributions, and membership fees received | $311,598 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $71,258 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $382,869 |
| Public support | $382,856 |
| Subtotal | $13 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $13 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Pacific Maritime Association | San Francisco, CA 94105 | CA | $104,429,410 | |
| 2 | Amvets Charities Inc | 4647 Forbes Blvd, Lanham, MD 20706-4356 | MD | 1980-07 | $2,904,544 |
| 3 | Sons Of Confederate Veterans Inc | Columbia, TN 38402 | TN | $1,667,428 | |
| 4 | Army Aviation Association Of America Inc | 593 Main St, Monroe, CT 06468-2806 | CT | 1960-05 | $1,301,357 |
| 5 | Veterans Of Foreign Wars | 11 West King Street, Littlestown, PA 17340 | PA | 1949-12 | $398,614 |
| 6 | Allies For Cherry Points Tomorrow | Po Box 383, Havelock, NC 28532 | NC | 1996-12 | $152,550 |
| 7 | Army Aviation Association Of America Inc | 593 Main Street, Monroe, CT 06468 | CT | 1967-02 | $68,650 |
| 8 | Greater Fort Worth Area Civic Leaders Association | 3850 Silverton Cir Unit 1301, Fort Worth, TX 76133 | TX | 1989-10 | $26,432 |
| 9 | American War Mothers National Headquarters | PO BOX 3273, Washington, DC 20010-0273 | DC | 1942-01 | $13,115 |
| 10 | Edward J Smith Post No 3428 Post Home Association Vfw Of Us Inc | 12 R North Market St, Muncy, PA 17756 | PA | 2006-11 | $496,762 |
| 11 | Armed Forces Communications And Electronics Association, Lexington-Concord Chapter | 12 Lake View Dr, Ashburnham, MA 01430-1039 | MA | 1982-09 | $253,321 |
| 12 | Western Section Of The Wildlife Society | 16136 Janet Way, Grass Valley, CA 95949-6551 | CA | 1969-12 | $221,030 |
| 13 | Guitars For Vets | Po Box 617, Milwaukee, WI 53201 | WI | 2008-08 | $119,263 |
| 14 | Military Connections | 3211 Arapahoe Road, Pittsburgh, PA 15241 | PA | 2007-08 | $35,028 |
| 15 | American Society Of Military Comptrollers Tampa Bay Chapter | Po Box 6392, Macdill Afb, FL 33608 | FL | 2011-04 | $0 |
| 16 | Civilian Military Council Of Southern Nevada | 401 California Ave, Boulder City, NV 89005-2600 | NV | 2012-09 | $0 |
| 17 | International Ballistics Society | 6220, San Antonio, TX 78238 | TX | 2011-08 | $0 |
| 18 | Society Of United States Naval Flight Surgeons | Po Box 33008, Nas Pensacola, FL 32508 | FL | 2007-11 | $0 |
| 19 | Sponsor The Troops | 821 Old Forge Road, New Cumberland, PA 17070 | PA | 2006-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||
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| Total | 19 | ||||||||||||||||||||||||
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