Paralyzed Veterans of America Central Florida Chapter does not meet the following 1 Standards for Charity Accountability:
Standard 4 (Compensated Board Members)
Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.
PVACF does not meet this Standard because:
- The chair of the board is directly compensated by the organization.
Paralyzed Veterans of America Central Florida Chapter meets the remaining 19 Standards for Charity Accountability.
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Year, State Incorporated
1977, FL
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Stated Purpose
"to provide a platform of advocacy, education, research, communication, and adaptive sports and recreation for veterans paralyzed as a result of spinal cord injury or dysfunction."
Paralyzed Veterans of America Central Florida (PVACF) reports that it is a congressionally chartered veterans service organization that serves veterans in Central Florida who have a spinal cord injury or dysfunction. The organization works to assist individuals obtain veteran benefits, serves as a liaison with VA medical centers and additional healthcare providers, and offers adaptive sports and recreation to better health and fitness. PVACF also publishes a monthly magazine focused on national and local legislation affecting veterans and their families.
For the year ended September 30, 2020, Paralyzed Veterans of America Central Florida Chapter's program expenses were:
Repurposing of durable medical equipment |
$159,648 |
Member benefits and functions |
$135,716 |
Sports and recreation |
$41,319 |
Occupancy cost |
$37,756 |
Payroll Protection Plan forgivable loan |
$33,808 |
Grants and awards |
$15,539 |
Total Program Expenses: |
$423,786 |
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Print advertisements (newspapers, magazines, etc.)
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $241,280 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 Paralyzed Veterans of America Central Florida Chapter's audited financial statements for the year ended September 30, 2020.
Source of Funds |
PVA National contributions |
$130,432 |
Realized and unrealized gain on investments |
$103,704 |
In-kind contributions |
$103,452 |
Contributions |
$59,385 |
Special events, net |
$56,586 |
Grants |
$21,857 |
Dividend and interest income |
$19,919 |
Advertising |
$4,772 |
Total Income |
$500,107 |
- Programs: 86%
- Administrative: 13%
- Fundraising: Less than 1%
Total Income |
$500,107 |
Program expenses |
$423,786 |
Fundraising expenses |
$6,100 |
Administrative expenses |
$63,096 |
Other expenses |
$0 |
Total expenses: |
$492,982 |
Income in Excess of Expenses |
$7,125 |
Beginning Net Assets |
$1,303,762 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$1,310,887 |
Total Liabilities |
$21,800 |
Total Assets |
$1,332,687 |
Note: According to PVACF's audited financial statements for the year ended September 30, 2020, the organization received $103,452 in donated medical equipment and services.