BBB Wise Giving Report for
Veterans of Foreign Wars National Home for Children

BBB Wise Giving Report issued September 2009
BBB Wise Giving Report expires September 2011


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Veterans of Foreign Wars National Home for Children
Address: 3573 South Waverly Road
  Eaton Rapids, MI 48827
Phone: 517-663-1521
800-424-8360
Web Address: www.vfwnationalhome.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1925, Michigan
Affiliates: None

Stated Purpose: "to provide children and families of members of the VFWNHC, its Ladies Auxiliary and active-duty military, opportunities for growth and development in a nurturing community, and to serve as a living memorial to all veterans."

Back To Top

Evaluation Conclusions

               

Veterans of Foreign Wars National Home for Children (VFWNHC) meets the 20 Standards for Charity Accountability.
Back To Top

Programs

               

VFWNHC is dedicated to providing the children and families of active duty soldiers and war veterans with opportunities for growth in a nurturing community. The organization is located on a 629-acre campus and provides direct resources to over 120 residents at any given time. By providing a nurturing and safe community environment for families that otherwise would not have such an opportunity, the VFWNHC aims to foster a spirit of patriotism, self-sufficiency, and service leadership in its residents.

For the fiscal year ended June 30, 2009, VFWNHC's program expenses were:

  
Direct care 1,866,305
Facilities management 901,042
Indirect care 725,819
Total Program Expenses: $3,493,166
Back To Top

Governance

               

Chief Executive : Patrice Green, Executive Director
Compensation*:
 $93,744

Chair of the Board: Ronald Stensland
Chair's Profession / Business Affiliation: Retired

Board Size: 17

Paid Staff Size: 63

*July 1, 2007 - June 30, 2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, print advertisements, grant proposals, Internet appeals, and planned giving.
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $4,401,656, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

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.
Back To Top

Financial

               

The following information is based on VFWNHC's audited financial statements for the fiscal year ended June 30, 2009.

Source of Funds  
Contributions 2,436,076
Estate and bequests 1,761,720
Investment income 554,315
Miscellaneous and other 237,263
Poppies 117,795
Life membership dues 86,065
Net realized and unrealized losses on investments -2,476,635
Total Income $2,716,599


chart



Uses of Funds as a % of Total Expenses

Programs: 65%  Fund Raising: 12%  Administrative: 23% 

Total income   $2,716,599
  Program expenses $3,493,166
  Fund raising expenses 641,165
  Administrative expenses 1,253,848
 
Total expenses   $5,388,179
Expenses in Excess of Income   (2,671,580)
Beginning net assets   18,085,551
Ending net assets   15,413,971
Total liabilities   471,572
Total assets   $15,885,543


Back To Top

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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity