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Virginia · Nonprofit

We the Veterans Foundation

We the Veterans Foundation (Virginia) receives grants from 13 organizations whose IRS filings report $2,830,184 to it, the largest being NEW VENTURE FUND ($700,000). 5 of them have funded it in more than one year.

Revenue FY2024
$3.8M
Funders on record
13
Grants received
$2.8M
Net assets
$1.7M
5/13 repeat funderspeak grant-dependency 45%
01What it does

What We the Veterans Foundation does

Mission

The mission of We the Veterans and Military Families is to empower the veteran and military family community to strengthen America.

As stated on its FY2024 Form 990.

Programs

  1. Vet the Vote - The flagship initiative and a national movement. In partnership with a broad coalition of Veteran Service Organizations, Military Family Service Organizations, corporations, and national sports leagues. Vet the Vote recruited over 163,000 veterans and military family members to serve as poll workers, ensuring our elections are free, fair, and trusted by all.

    $1,889,884 spentof which $982 as grants
    79% of program spending
  2. The Homefront Sentinel - A research and awareness initiative countering online threats to the veteran and military family community. Our programs identify and expose cyber and information operations, such as scams and nefarious influence campaigns, aimed at undermining trust and resilience from foreign adversaries and other bad online actors. Through education and community-building, The Homefront Sentinel strengthens defenses against malign influence and foreign interference.

    $335,490 spent
    14% of program spending
  3. Vetted Conversations - A platform that provides the opening for veterans and military family members to discuss American civics, patriotism, and citizen responsibilities in a non-partisan and accessible way. This initiative offers both in-person and remote discussions through community gatherings and a podcast series featuring prominent veteran leaders and national experts. Vetted Conversations equips the veteran and military family community with knowledge to become informed and engaged citizens actively participating in safeguarding American liberties and strengthening the fabric of America.

    $89,072 spent
    4% of program spending
  4. Vet the News - An apolitical program designed to increase confidence in American media and journalism by elevating veterans and military family members within the field, and helping place more military-connected individuals into newsrooms across the country. By curating and distributing their reporting and increasing access to related career pipelines for members of the veteran community, Vet the News offers the American public a first-of-its-kind credible, values-driven journalism hub from trusted voices who have served our nation.

    $84,592 spent
    4% of program spending
  5. Vet Public Service - By helping veterans and military family members find their calling beyond the military through fulfilling careers in public service, Vet Public Service creates pathways for veterans and military families to transition their service mindset and experience into civilian public service, strengthening both our community and America. Through partnerships with educational programs focused on public service, networking, career services, and mentorship opportunities, the Organization enhances the veteran and military family potentiality in public service.

The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,399,038.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($712k) Expenses 100 ($484k) Net assets 100 ($226k)2023 Revenue 149 ($1.1M) Expenses 153 ($739k) Net assets 243 ($548k)2024 Revenue 539 ($3.8M) Expenses 550 ($2.7M) Net assets 764 ($1.7M)
202220232024
Revenue (539)Expenses (550)Net assets (764)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $618k to $1.8M (+199%).

$244k
$618k
$1.8M
202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 0% · 2023 19% · 2024 5%. Grants only. Government contracts and fees sit inside program revenue.

100% of We the Veterans Foundation’s revenue is contributions — more reliant on donations than three-quarters of its peers (81% for the typical peer).

This organization
Typical peer · 11,793 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.

$228k
’22
$322k
’23
$1.2M
’24
7.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Ellen Gustafson

Executive Director/President

As listed on its FY2024 Form 990.

202220232024
Listed9119
Joined·+3+4
No longer listed·16
03Who funds it

Who funds it, year by year

2022 → 2023: the base held at 4 funders, grant income rose $230k → $483k.

5 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of We the Veterans Foundation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

We the Veterans Foundation has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

48% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund We the Veterans Foundation.

25%
largest funder
61%
top three
~6
effective funders

Largest funder’s share by year: 2022 43% · 2023 52% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

We the Veterans Foundation draws 100% of its grant income from funders outside Virginia, across 5 states in all.

NY
CT
CA
DC
TX

In-state vs out-of-state, by year

’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $909k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

We the Veterans Foundation runs a healthier operating margin than three-quarters of the 11,263 human services nonprofits its size.

Operating margin31% · top quartile
Months of reserve7.4mo · top quartile
Revenue growth (annualized)132% · top quartile

this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024

Organizations like We the Veterans Foundation

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 6%Fundraising 4%

Governance

9
board members
67%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for We the Veterans Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds We the Veterans Foundation?
We the Veterans Foundation (Virginia) receives grants from 13 organizations whose IRS filings report $2,830,184 to it, the largest being NEW VENTURE FUND ($700,000). 5 of them have funded it in more than one year.
How many funders does We the Veterans Foundation have?
IRS filings report 13 organizations giving $2,830,184 in grants to We the Veterans Foundation, 5 of which have funded it in more than one year.
Who is the largest funder of We the Veterans Foundation?
NEW VENTURE FUND is the largest funder on record, with $700,000 in grants. The full list of funders is on this page.
How can an organization like We the Veterans Foundation find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 13 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing