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VETERANS ADVOCACY FOUNDATION INC

AKA Veterans Business Resource Center

St. Louis, MO

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VETERANS ADVOCACY FOUNDATION INC

Also Known As:
Veterans Business Resource Center
Physical Address:
St. Louis, MO 63125 
EIN:
43-1751593
Web URL:
www.vetbiz.com
Leadership:
Ms. Darcella K Craven
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Legitimacy Information

  • This organization is registered with the IRS.
  • This organization is required to file an IRS Form 990 or 990-EZ.

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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

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Annual Revenue & Expenses Additional Information Financial information on GuideStar is either digitized from Form 990 images we receive from the IRS or submitted by the nonprofits themselves through the GuideStar Exchange (990 filers cannot override Form 990 financial data). If your organization does not file a Form 990, 990-EZ, or 990-PF and you would like to have your financial data displayed in this section, join the GuideStar Exchange today!

Fiscal Year Starting: Jan 1, 2012
Fiscal Year Ending: Dec 31, 2012
Revenue
Total Revenue $150,736
Expenses
Total Expenses $1,909,005

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Financial data from Forms 990 for Year 2012, 2008, 2007, 2006, 2005 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.



GuideStar Exchange Member

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Basic Organization Information

VETERANS ADVOCACY FOUNDATION INC

Also Known As:
Veterans Business Resource Center
Physical Address:
St. Louis, MO 63125 
EIN:
43-1751593
Web URL:
www.vetbiz.com 
NTEE Category:
S Community Improvement, Capacity Building 
S30 Economic Development 
S Community Improvement, Capacity Building 
S02 Management & Technical Assistance 
Ruling Year:
1999 
How This Organization Is Funded:
SBA - $184,600
US Bank - $10,000
Walmart Community Foundation - $50,000

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Mission Statement

The St. Louis Veterans Business Resource Center (VBRC) is dedicated to helping men and women, who have served in the U.S. Armed Forces achieve the American dream of owning and successfully operating their own businesses.  The Center will serve all Veterans and Active Duty personnel, including National Guard members and Reservists of all branches as well as their immediate family members.

A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.

Financial Data

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Revenue and Expenses

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Revenue and Expense data from Forms 990 for 2012, 2008, 2007, 2006, 2005 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart


Balance Sheet

Balance Sheet data from Forms 990 for Year 2012, 2008, 2007, 2006, 2005 are included in the GuideStar Premium Report. Upgrade Now Report Added To Cart

A multi-year analysis of key balance sheet, income statement, profitability and liquidity measures is available for this organization. Financial SCAN includes a detailed financial health analysis and peer comparison and benchmarking tool. Learn More

Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar ExchangeThe GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more. February, 2014)

Ms. Darcella K Craven

Profile:

Darcella has over 15 years of experience in corporate, government, non profit and military organizations. She has worked with several non-profit organizations specializing in program implementation, change management and creating group training programs.  Her career has taken her to several corporations and positions including corporate communications and project management.  She is a requested speaker on business development, life management, human capital and nonprofit management. In her current position, she works with veterans to develop plans and skills in order to transition from military to civilian life and business successfully. Darcella is featured in numerous articles for her transition from the welfare system to an accomplished business woman and is actively involved in many civic organizations. She was recently named the 2009 YWCA Leader of Distinction – Nonprofits, 2009 Small Business Administration Veterans Business Champion for Eastern Missouri and Region 7 (MO, IA, NE, KS), recognized by the St. Louis Business Journal as one of the Most Influential Minority Business Leaders and Who’s Who of Black St. Louis as a community leader to know.  An Army veteran, she holds a diploma of Secretarial Sciences from Sanford Brown, Bachelors and Masters of Arts in Management from Webster University, is pursuing her Doctors of Management and is the proud mother of two daughters.

Leadership Statement:

As an Army veteran myself, I get great satisfaction from helping my fellow brothers and sisters in service achieve their dream of self-employment.  The entire process is gratifying and frustrating at the same time.  Frustrating because so many men and women are still experiencing the same difficulties I had in the transition process which was nearly 15 years ago.  And gratifying because we are here to assist those persons with going into business for themselves.  We get to help them develop and idea and see it born into a small business.  We help Veterans grow that dream and get to witness what happens when things start to happen with their companies.    We are here to help Veterans transition their military skills into small business success.  It doesn't get better than that.



Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

Highest Paid Employee data is not available for this organization.


Program: Boot Strap Training Program

Budget:
$80,000
Category:
Education
Population Served:
Military/Veterans

Program Description:

Rigorous training program designed to help veterans research and write a viable business plan in order to understand the feasibility of desired business.  Veterans have the opportunity at the end of the 6-week program to submit a completed business plan and compete for up to $5,000 in start-up grants.

Program Long-Term Success:

The following report is a snap shot of how clients awarded $5,000 in the second Boot Strap Training program have spent their funds along with some positive outcomes and drawbacks to the award. While 33 percent of the first class recipients experienced difficulty with utilizing dollars or had their funds rescinded, the second group of recipients have done an outstanding job of spending funds with more attention to following the business or feasibility plan submitted during the application process. Recipients had a clear understanding of their budget and company fiscal needs prior to submitting a request. In keeping with the concept of holding applicants to stricter standards then inaugural program, the staff worked closer with the entire class to: § Continuously articulate the need to produce a strong plan and feel comfortable with the information learned during the program; § Stress the importance of research into the individual industry even if veterans had been in business for many years;   § Ensure access to staff member during training so instructor was not alone to address needs of entire class. For recipients of the bootstrap funds, staff helped veterans establish a spending plan to help them keep their business needs in perspective during the spending process. This proved to be vital to helping new veternpreneurs deviate appropriately with their expenses. It also provided an opportunity for the business developer to instruct on best ways to make decisions in the future when the VBRC staff would not be there to help in the decision making process. Our staff strives to help educate clients in a manner that allows them the opportunity to “get up to speed” in understanding the structure and processes of operating a business. We are excited about continuing the Boot Strap program in the future. From the past two courses we have learned the best ways to collaborate with outside organizations and better assist our veteran clients.

Program Short-Term Success:

Clients have a better understanding of the feasibility of their choosen business and how to conduct a study of any future business ideas.

Program Success Monitored by:

Executive Director and Counselor

Program Success Examples:

Client who operates a supply manufacture specializing in government contracts used initial $5k to pay off suppliers and secure higher line of credit.  He is looking to partner with additional larger firms in order to make it through the tough economy. Business is a little slow but steady. He wants to enter the VBRC mentor program and learn more about partnerships that make sense for his business. Client has already opened up second business, not related to supply, but was able to use the same program information to determine feasibility of new company.

Program: Mini Subject Seminars

Budget:
$10,000
Category:
Community Development
Population Served:
Adults

Program Description:

Industry speakers present mini-subject seminars to clients on hiring and firing practices, supply chain management, social and web based media and other programs relevant to small business owners.  VBRC clients direct the seminars offered through surveys and solicited suggestions via our website. These mini-subject seminars are no more than 2-hours in length and are usually limited to no more than 10 Veterans at a time. This is in an effort to give as much individualized attention to clients as possible. Community leaders will conduct a brief series of mini seminars to help clients truly understand cost benefit analysis.

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:


Impact Summary from the Nonprofit

The St. Louis VBRC uses an innovative and integratedapproach to business planning which will substantially improve Veterans' chances for success with their own businesses.  This Veteran to Veteran approach permeates all aspects of VBRC's services from training and consulting to advocacy, networking and mentoring. Our advice and counsel will always be candid and thoughtful with the empowerment of the individual Veteran as our only consideration.  Our goals are to honor the men and women who have served our country and to assist them in their entrepreneurial endeavors.  As members of the St. Louis Veterans Business Community, we are confident that the success of this program will directly benefit regional investment and job growth

Organization Data Available

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