Nonprofit · EIN 95-2494098
VTS INDUSTRIES INC
Also known as VETERANS THRIFT STORES
Tax-exempt · SPRING VALLEY, CA 91977
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,154,167 | $11,312,105 | $842,062 | $22,699,142 | $151,704 | $22,547,438 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,261
- Program service revenue
- $11,409,841
- Investment income
- $659,388
- Net rental income
- $72,677
- Net gain from sales of assets
- $15,300
- Other revenue
- $72,677
Expenses
- Grants and similar amounts paid
- $679,894
- Compensation of officers, directors and key employees
- $4,100
- Other salaries and wages
- $5,518,694
- Salaries, compensation and benefits (total)
- $6,142,833
- Professional fundraising fees
- $0
- Legal fees
- $66,186
- Accounting fees
- $16,350
- Depreciation
- $394,875
- Program services (functional)
- $7,273,256
- Management and general (functional)
- $4,038,849
Balance sheet and other
- Total assets, start of year
- $21,855,016
- Total assets, end of year
- $22,699,142
- Total liabilities, end of year
- $151,704
- Net assets, end of year
- $22,547,438
- Land, buildings and equipment
- $7,162,066
- Net assets without donor restrictions
- $22,547,438
- Gross receipts
- $12,154,167
- Employees
- 272
- Year formed
- 1967
- State of legal domicile
- CA
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 |
|---|---|---|---|
| LINDA SUNDBERG | PRESIDENT Trustee or director, Officer | 5 | $500 |
| SUEY LEE | DIRECTOR Trustee or director | 4 | $500 |
| LEROY ACOSTA | DIRECTOR Trustee or director | 3 | $500 |
| GEORGE SHERROD | DIRECTOR Trustee or director | 3 | $500 |
| DAVID RATHGEBER | DIRECTOR Trustee or director | 3 | $500 |
| JOHN HOOD | DIRECTOR Trustee or director | 3 | $500 |
| MARK CARPENTER | CFO Trustee or director, Officer | 5 | $400 |
| MACARIO DIMAYUGA | SECRETARY Trustee or director, Officer | 5 | $400 |
| CLIFFORD CALDWELL | VICE PRESIDE Trustee or director, Officer | 5 | $200 |
| JAMES GALLIHER | DIRECTOR Trustee or director | 2 | $100 |
| TERI SUTTON | GENERAL MANA Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1049 ELKELTON BLVD, SPRING VALLEY, CA 91977-4720
- Principal officer (990 for 2024)
- LINDA SUNDBERG, 7 VIA BARBERINI, CHULA VISTA, CA 91910
- Signed the 990
- LINDA SUNDBERG, PRESIDENT
- Phone
- (619) 337-9244
- Return prepared by
- TERRY L STONE CPA
Mission
VTS INDUSTRIES OPERATES THRIFT STORES SELLING DONATED HOUSEHOLD ITEMS RECEIVED FROM THE PUBLIC. THESE DONATIONS ARE SOLD AT OUR STORES AND PROCEEDS ARE USED TO BENEFIT DISABLED VETERANS AND RELATED ORGANIZATION.
Program accomplishments
- THRIFT STORE OPERATIONS GENERATED FUNDS FOR THE BENEFIT OF DISABLED VETERANS AND RELATED ORGANIZATIONS.Expenses $6,593,362 · revenue $11,482,518
- DAV REHAB SERVICES DEPARTMENT HELP VETERANS PROCESS THEIR SERVICE CLAIMS WITH THE VA MEDICAL SYSTEM.Expenses $355,356 · grants $355,356
- OTHER ORGANIZATIONS - PROVIDE FUNDS FOR OTHER VETERANS HEALTH AND AID ORGANIZATIONS IN THE SAN DIEGO AREA.Expenses $324,538 · grants $324,538
- VA HOSPITAL - CONTRIBUTIONS HAVE HELPED PURCHASE MEDICAL EQUIPMENT AS NEEDED FOR THE LA JOLLA VA MEDICAL CENTER.
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
- 95-2494098
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W300)
- Assets (IRS master file)
- $22,699,142
- Income (IRS master file)
- $12,154,167
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $11,282,108 | $10,078,572 | $17,940,885 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about VTS INDUSTRIES INC
- What is the EIN of VTS INDUSTRIES INC?
- The employer identification number (EIN) of VTS INDUSTRIES INC is 95-2494098.
- Is VTS INDUSTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to VTS INDUSTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VTS INDUSTRIES 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 VTS INDUSTRIES 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 VTS INDUSTRIES 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 VTS INDUSTRIES INC?
- The 990 for the year ended June 30, 2025 names LINDA SUNDBERG.
- Who are the officers and directors of VTS INDUSTRIES INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 10 received compensation from the organization, the highest $500 (LINDA SUNDBERG, PRESIDENT).
- How much revenue does VTS INDUSTRIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,154,167, expenses of $11,312,105 and total assets of $22,699,142 at year end.
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All nonprofits in SPRING VALLEY · California · Public and societal benefit