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Veterans Enterprise Training & Services Group Inc

Vets Groupvets Group Training Academy

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 680594161 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is Veterans Enterprise Training & Services Group Inc?

Veterans Enterprise Training & Services Group Inc, also known as VETS Group or VETS Group Training Academy, is a nonprofit organization based in Washington D.C. (1200 18TH STREET NW). Their primary mission is to empower veterans, their families, and the community by offering comprehensive education, employment, and entrepreneurship programs. This holistic approach includes small business support and financial literacy courses. In fiscal year 2022, they enrolled 86 students in their IT employment training program, with a high retention rate of 92%. A significant portion, approximately 80%, of these students secured employment, and 83% obtained industry-recognized certifications. Notably, about 37% of the enrolled students were veterans.


Official website here: www.vetsgroup.org

Is Veterans Enterprise Training & Services Group Inc legitimate?

Veterans Enterprise Training & Services Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veterans Enterprise Training & Services Group Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $129,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.vetsgroup.org

What is the mission statement of Veterans Enterprise Training & Services Group Inc?

Veterans Enterprise Training & Services Group Inc's mission is to provide a comprehensive program aimed at economically empowering veterans, their families, and the wider community. This is achieved through education, employment, and entrepreneurship opportunities. The organization offers small business and financial literacy training. In the fiscal year 2022, they had 86 students enrolled in their IT employment training program, with a high retention rate of 92%. Currently, 80% of these students are employed, and 83% have obtained one or more industry-recognized certifications. A significant number of enrolled students, approximately 37%, are veterans.


Official website here: www.vetsgroup.org

Who is the CEO of Veterans Enterprise Training & Services Group Inc?

Joe Wynn is the Board/Chairman of Veterans Enterprise Training & Services Group Inc.


Official website here: www.vetsgroup.org

What is the revenue of Veterans Enterprise Training & Services Group Inc?

Veterans Enterprise Training & Services Group Inc's revenue in 2022 was $582,854.


Official website here: www.vetsgroup.org

Who are the executives of Veterans Enterprise Training & Services Group Inc and what are their salaries?

The average compensation at Veterans Enterprise Training & Services Group Inc during 2022 was $32,350. There are 4 employees at Veterans Enterprise Training & Services Group Inc.

Here are 5 key members and their salaries:

    Joe Wynn (Board/Chairman) [Trustee/Director]
  • Compensation: $129,400
  • Related: $0
  • Other: $0

    • Ronald Washington (Board/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Queen Jones (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Harwell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rhonda Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vetsgroup.org

    Where can I find the form 990 for Veterans Enterprise Training & Services Group Inc?

    The Veterans Enterprise Training & Services Group Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vetsgroup.org

    Learn more at the official website: www.vetsgroup.org

    Mission Statement of Veterans Enterprise Training & Services Group Inc

    Veterans Enterprise Training & Services Group Inc is dedicated to providing a comprehensive program designed to empower veterans, their families, and the community. Their mission revolves around fostering economic growth through education, employment, and entrepreneurship. The organization offers various resources, including small business training and financial literacy programs.

    In concrete terms, Veterans Enterprise Training & Services Group Inc aims to equip veterans with the necessary skills to achieve financial independence. They offer IT employment training programs, where in the fiscal year 2022, 86 individuals enrolled in at least one of their IT training programs. The organization boasts a high retention rate of 92%, with 80% of these students currently employed. Furthermore, 83% of the students obtained one or more industry-recognized certifications, with many more pending.

    In summary, Veterans Enterprise Training & Services Group Inc's mission is to provide a comprehensive program that empowers veterans, their families, and the community by offering education, employment, and entrepreneurship opportunities. Their IT employment training program is a prime example of their commitment to helping veterans secure stable jobs and gain valuable industry certifications.

    Impact

    This information is meant to be a general summary of Veterans Enterprise Training & Services Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Veterans Enterprise Training & Services Group Inc has made a significant impact by providing a holistic program for veterans, their families, and the community to achieve economic empowerment through education, employment, and entrepreneurship. By offering small business and financial literacy programs, as well as information technology employment training, the organization has successfully enrolled 86 students in its IT training programs in fiscal year 2022.

    With an impressive student retention rate of 92%, 80% of the enrolled students are currently employed. Additionally, 83% of them have obtained one or more industry-recognized certifications, with many others pending certification. Notably, about 37% of the students enrolled in the program were veterans, highlighting the organization's commitment to supporting this particular demographic.

    Overall, Veterans Enterprise Training & Services Group Inc's emphasis on education, employment, and entrepreneurship has had a tangible impact on the lives of veterans, their families, and the broader community, leading to economic empowerment and improved opportunities for its participants.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $249,696
  • Gross Receipts: $582,854

    • Assets and Liabilities:
  • Total Assets: $435,801
  • Total Liabilities: $306,568
  • Net Assets: $129,233
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    IT TRAINING/EMPLOY OPP

    Revenue

    $249,696

    Organization Details

    Founding Year

    2004

    Principal Officer

    Joe Wynn

    Main Address

    1200 18TH STREET NW, WASHINGTON, DC, 20036

    NTEE Category

    Code: S43 - Community improvement

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