VETERANS WATCHMAKER INITIATIVE INC Charity Report

Public IRS 990 nonprofit record

VETERANS WATCHMAKER INITIATIVE INC

EIN 45-2654601 · Vocational & Technical Schools (B30)

What they do

THE FOCUS of THE VETERANS WATCHMAKER INITIATIVE is to PROVIDE UNITED STATES AREMED FORCES VETERANS, ESPECIALLY DISABLED VETERANS, WITH THE SKILL SET of WATCH REPAIR and A CAREER PATH IN A HIGH-PAYING VOCATION THAT is IN HIGH DEMAND DUE to ITS SHORTAGE of WORKERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.27%of revenue went to mission work97.1% of expenses · Program services

0.32%of revenue went to fundraising0.7% of expenses

$43.55spent for every $100 of revenueRevenue covered expenses this year.

0.96%of revenue went to management and office costs2.2% of expenses

$6.46in assets for every $1 spent this yearSome assets cannot be spent right away.

93.6%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,000,307

Mission workProgram services$422,80542.27% of revenue97.1% of expenses

ManagementOffice and general costs$9,6200.96% of revenue2.2% of expenses

FundraisingAsking for donations$3,2230.32% of revenue0.7% of expenses

Revenue left after expensesReported annual surplus$564,65956.45% of revenueShown in gray on the chart

Total expenses$435,64843.55% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 97.1% mission · 2.2% management · 0.7% fundraisingTotal expenses: 43.55% of revenue

2023Expense mix: 96.7% mission · 1.6% management · 1.7% fundraisingTotal expenses: 38.60% of revenue

2022Expense mix: 98.2% mission · 1.8% management · 0.0% fundraisingTotal expenses: 76.92% of revenue

2021Expense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 65.24% of revenue

2020Expense mix: 93.5% mission · 3.4% management · 3.2% fundraisingTotal expenses: 45.74% of revenue

2019Expense mix: 95.2% mission · 4.8% management · 0.0% fundraisingTotal expenses: 44.66% of revenue

2018Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 7.80% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 90.06% of revenue

Money in and money out

Revenue$1,000,307

Expenses$435,648

Annual surplus $564,659 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$422,805 · 97.1% of expenses

Management and office costs$9,620 · 2.2% of expenses

Fundraising$3,223 · 0.7% of expenses

See all reported dollar amounts

Revenue$1,000,307

Expenses$435,648

Assets$2,814,000

Income$1,059,378

Contributions$935,831

Mission work (program services)$422,805

Fundraising$3,223

Management and general$9,620

Accounting fees$6,958

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (12)

DAVE SKOCIKBOARD MEMBER

HERB KONOWITZBOARD MEMBER

JOE BORELLABOARD MEMBER

LOUIS J CALLAZZO IIIBOARD MEMBER

MAJOR GENERAL FRANCIS D VAVALABOARD MEMBER

MICHAEL BENAVENTEBOARD MEMBER

MICHAEL WIPFBOARD MEMBER

RICHARD FRANCHELLABOARD MEMBER

ROBERT R HOWARDBOARD MEMBER

ROGER SATNICKBOARD MEMBER

SAMUEL CANNANCHAIRMAN OF THE BOARD

XIAO LI TANBOARD MEMBER

About this charity

Recognized since: January 2012
Location: PO BOX 329, LITTLE CREEK, DE 19961-0329
County: Kent
In care of: % SUSAN MUSMAN
Primary officer: SAM CANNAN, CHAIRMAN

How to reach them

WebsiteVisit the charity’s website Phone(302) 378-7088

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WHEELER WOLFENDEN & DWARES PA
NTEE classification: Vocational & Technical Schools (B30)
IRS tax category: Vocational & Technical Schools