Nonprofit · EIN 45-2654601
VETERANS WATCHMAKER INITIATIVE INC
Tax-exempt · LITTLE CREEK, DE 19961
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,000,307 | $435,648 | $564,659 | $2,814,000 | $0 | $2,814,000 |
| June 30, 2024 | 990 | $837,857 | $323,395 | $514,462 | $2,249,341 | $0 | $2,249,341 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $935,831
- of which government grants
- $394,997
- Program service revenue
- $64,354
- Investment income
- $122
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $250
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,662
- Accounting fees
- $6,958
- Occupancy
- $24,423
- Travel
- $10,381
- Depreciation
- $56,384
- Program services (functional)
- $422,805
- Management and general (functional)
- $9,620
- Fundraising (functional)
- $3,223
Balance sheet and other
- Total assets, start of year
- $2,249,341
- Total assets, end of year
- $2,814,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,814,000
- Land, buildings and equipment
- $2,037,236
- Net assets without donor restrictions
- $2,814,000
- Gross receipts
- $1,059,378
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2013
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL CANNAN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 50 | $0 |
| MICHAEL BENAVENTE | BOARD MEMBER Trustee or director | 2 | $0 |
| JOE BORELLA | BOARD MEMBER Trustee or director | 2 | $0 |
| LOUIS J CALLAZZO III | BOARD MEMBER Trustee or director | 2 | $0 |
| RICHARD FRANCHELLA | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT R HOWARD | BOARD MEMBER Trustee or director | 2 | $0 |
| HERB KONOWITZ | BOARD MEMBER Trustee or director | 2 | $0 |
| ROGER SATNICK | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVE SKOCIK | BOARD MEMBER Trustee or director | 2 | $0 |
| XIAO LI TAN | BOARD MEMBER Trustee or director | 2 | $0 |
| MAJOR GENERAL FRANCIS D VAVALA | BOARD MEMBER Trustee or director | 2 | $0 |
| MICHAEL WIPF | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAMUEL CANNAN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 50 | $0 |
| JOE BORELLA | BOARD MEMBER Trustee or director | 2 | $0 |
| MICHAEL BENAVENTE | BOARD MEMBER Trustee or director | 2 | $0 |
| RICHARD FRANCHELLA | BOARD MEMBER Trustee or director | 2 | $0 |
| HERB KONOWITZ | BOARD MEMBER Trustee or director | 2 | $0 |
| ROGER SATNICK | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID SKOCIK | BOARD MEMBER Trustee or director | 2 | $0 |
| GENERAL FRANCIS D VAVALA | BOARD MEMBER Trustee or director | 2 | $0 |
| MICHAEL WIPF | BOARD MEMBER Trustee or director | 2 | $0 |
| NICK CALLAZZO | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT R HOWARD | BOARD MEMBER Trustee or director | 2 | $0 |
| XIAO LI TAN | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 329, LITTLE CREEK, DE 19961-0329
- In care of
- % SUSAN MUSMAN
- Mailing address (990-N for 2012)
- 3245 BENJAMIN ROAD, OCEANSIDE NY 11572
- Principal officer (990 for 2024)
- SAM CANNAN, PO BOX 329, LITTLE CREEK, DE 19961
- Principal officer (990-N for 2012)
- SUSAN MUSMAN, 3245 BENJAMIN ROAD, OCEANSIDE NY 11572
- Signed the 990
- SAM CANNAN, CHAIRMAN
- Phone
- (302) 378-7088
- Return prepared by
- WHEELER WOLFENDEN & DWARES PA
Mission
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.
Program accomplishments
- THE CHARITY PLANS TO IMPLEMENT FREE BASIC AND ADVANCED TRAINING COURSES IN THE FIELD OF WATCH-MAKING TO VETERANS, A SKILL IN HIGH DEMAND DUE TO THE SHORTAGE OF QUALIFIED JOB APPLICANTS, AS CITED IN TRADE PUBLICATIONS. UPON COMPLETION, THE INDIVIDUAL WILL BE ELIGIBLE FOR EMPLOYMENT IN THE FIELD OF WATCHMAKING.Expenses $422,805 · grants $250 · revenue $64,354
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2654601
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $2,814,000
- Income (IRS master file)
- $1,059,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,000,307 | $435,648 | $2,814,000 | XML |
| 990 | June 2024 | $837,857 | $323,395 | $2,249,341 | IRS |
| 990 | June 2023 | $302,923 | $233,004 | $1,731,619 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: SUSAN MUSMAN | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2654601).
Questions about VETERANS WATCHMAKER INITIATIVE INC
- What is the EIN of VETERANS WATCHMAKER INITIATIVE INC?
- The employer identification number (EIN) of VETERANS WATCHMAKER INITIATIVE INC is 45-2654601.
- Is VETERANS WATCHMAKER INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to VETERANS WATCHMAKER INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VETERANS WATCHMAKER INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VETERANS WATCHMAKER INITIATIVE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VETERANS WATCHMAKER INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VETERANS WATCHMAKER INITIATIVE INC?
- The 990 for the year ended June 30, 2025 names SAM CANNAN.
- Who are the officers and directors of VETERANS WATCHMAKER INITIATIVE INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does VETERANS WATCHMAKER INITIATIVE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,000,307, expenses of $435,648 and total assets of $2,814,000 at year end.
Other nonprofits in LITTLE CREEK
- LITTLE CREEK VOLUNTEER FIRE COMPANY EIN 51-0190169 · last filed 990 for 2025