VFW Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
VFW Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to serve and enhance the lives of military veterans, service members, and their families by securing resources to promote positive outcomes."
Year, State Incorporated:
1996, MO
VFW Foundation reports that it provides financial resources to veterans and veteran families in need. Financial hardship assistance includes mortgage payments, car loans, utilities, and other payments. VFW Foundation distributes grants towards VFW posts and auxiliaries with community outreach projects. The organization also assists veterans in applying for Veteran Affairs (VA) benefits.
For the year ended August 31, 2023, VFW Foundation's program expenses were:
Veterans service activities: $2,868,978
Community service and public awareness: $777,516
Total Program Expenses: $3,646,494
Chief Executive
Brian Walker, Interim Executive Director
Chair of the Board
Michael F. DeRosa
Chair's Profession / Business Affiliation
Retired, Business Owner
Board Size
9
Paid Staff Size
5
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: VFW Foundation reports that the Executive Director's compensation is paid for by Veterans of Foreign Wars. Brian Walker was appointed Interim Executive Director in 2023. His compensation is not available at this time. In 2022, Lisa Baronio served as VFW Foundation's Executive Director, receiving $68,482 in compensation.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio, Special events
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $4,797,779, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on VFW Foundation's audited financial statements for the year ended August 31, 2023.
Source of Funds
| Contributions and gifts | $4,797,779 |
| Investment income, net | $1,018,252 |
| Total Income | $5,816,031 |
Programs: 76% Fundraising: 14% Administrative: 10%
| Total Income | $5,816,031 |
| Total expenses: | $4,795,738 |
| Program expenses | $3,646,494 |
| Fundraising expenses | $666,402 |
| Administrative expenses | $482,842 |
| Other expenses | $0 |
| Income in Excess of Expenses | $1,020,293 |
| Beginning Net Assets | $17,517,893 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $18,538,186 |
| Total Liabilities | $365,231 |
| Total Assets | $18,903,417 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance