Veterans of Foreign Wars of the United States Department of N C

Nonprofit profile at a glance

EIN
566068355
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Southern Pines, NC, USA
Phone
9106923772
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$129,045
Expenses
$121,427
Assets
$539,651
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • Mark Carey (1 Year Trustee)
  • Gary Freemal (2 Year Trustee)
  • Gary Tully (3 Year Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Foster camaraderie among United States veterans of overseas conflicts. Serve our veterans, the military, and our communities. Advocate on behalf of all veterans. Our vision is to ensure that veterans are respected for their service, receive their earned entitlements, and are recognized for the sacrifices they and their loved ones have made on behalf of this great country. The VFW is an organization of war veterans committed to ensuring rights, remembering sacrifices, promoting patriotism, performing community services and advocating for a strong national defense. Our post is named for John Boyd, the first resident of Moore County to be lost during WWII. Throughout our 70 year history here in the Sandhills of North Carolina, Post 7318 works to support all service members, in their lives after serving our nation. Renovating our current Post home in 2015, we have become a premier location for veterans visiting the area. We have robust Veteran's Relief Support System.

What it reported doing in 2024

Allocation of funds to Veterans Relief programs, to include but not limited to individual Veterans in distress, VA hospitals and clinics in the area, local health research facilities and programs, TBI and PTSD program support, hospice care, VFW National Home for Children. Veterans Military Support program, Camp Lejeune Fisher House, and Fort Bragg Fisher House. We donate, rent free, a large office space within the Post for County VA Veterans Service Office, which is a program separate to those of the VFW. Provide monetary and labor support to the other VFW Posts programs and fundraisers. Assist in modifying disabled Veterans homes with funding and labor support. Allocation of funds to the Posts support elements - Military Order of the Cooties and the Auxiliary.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 93
  • Accountability: 24
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.1%; rating input score 94
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 4.44; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 16.2% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 94.1% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 1084 board members independent · 4 of 7 filing controls reported
  • Programs: 8 filed program accomplishments · $121K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 43 of 43 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Review — Sustainability: Operating margin scored 52/100.