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Veteran Tickets Foundation

AKA  Vet Tix
Phoenix, AZ
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GuideStar Summary

&1002;                GuideStar Exchange Committed to transparency ?
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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2012, 2011, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit and Charting Impact Report are available
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Basic Organization Information

Veteran Tickets Foundation
Also Known As: Vet Tix
Physical Address: Phoenix, AZ 85028 
EIN: 26-2291955
Web URL: www.VetTix.org 
NTEE Category: W Public, Society Benefit
W30 Military/Veterans' Organizations
Ruling Year: 2010 


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Mission Statement

Veteran Tickets Foundation (Vet Tix) enriches the lives of our Military and Veterans by providing reintegration opportunities and family bonding experiences with tickets to socially interactive events. Tickets For Troops Veteran Tickets Foundation gives back to the Military, Veterans and their families by providing free and discount tickets to sporting events, concerts and family activities. These events are a real gift of gratitude to honor veterans' service, while providing essential community re-integration and family bonding opportunities. Hero's Wish Recently deployed, severely wounded and KIA families are shouldering the hardest burdens of military service. The Hero's Wish program allows a veteran to request a one time dream event, such as a trip to Disneyland. These events are the most important. They allow families to spend time together in moments of happiness, without the stress that has become a constant in their lives. These veterans have sacrificed to protect our life and liberty, Veteran Tickets Foundation wants to say thank you by assisting in their pursuit of happiness.

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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Annual Revenue & Expenses (GuideStar Exchange,
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June 2014)

Fiscal Year Starting: January 1, 2013
Fiscal Year Ending: December 31, 2013

Total Revenue $11,328,236
Total Expenses $11,236,949

Revenue & Expenses (GuideStar Exchange,
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June 2014)

Fiscal Year Starting: January 1, 2013
Fiscal Year Ending: December 31, 2013

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the 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 website is an ongoing process.

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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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June 2014)

Mr. Michael Focareto, III

Profile:

Michael A Focareto III is a Disabled Veteran (shoulder injury) of the US Navy, serving in the 1st Gulf War. Michael was a Naval Nuclear Engineer aboard the USS Virginia (CGN-38). He was born into a military family. Both of Michael's Grandfathers fought in World War II. Michael received from Arizona State University his Bachelor of Science in Computers and Information Systems and his Master of Science in Information Management. He was inspired to start Veteran Tickets Foundation during the 2007 Super Bowl, when he saw empty seats in the stadium.

Leadership Statement:

"We have created a organization that benefits ALL Veterans, Active Duty Military and their families and our one and only mission is saying Thank You by providing free/discounted ticket for the rest of their lives."

Board Chair (GuideStar Exchange,
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June 2014)

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Board of Directors (GuideStar Exchange,
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June 2014)

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Board Leadership Practices (GuideStar Exchange,
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June 2014)
?

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
YES
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
YES
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
YES
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
YES
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
YES

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in June 2014

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Programs

Program: Tickets For Troops (GuideStar Exchange,
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June 2014)

Budget:
$200,000
Category:
None
Population Served:
Military/Veterans
None
None

Program Description:

Collect tickets from organizations and season tickets holders that would otherwise go unused and get them into the hand of our veterans, active duty military and their families

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Program: Hero's Wish (GuideStar Exchange,
The 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.
June 2014)

Budget:
$100,000
Category:
Public, Society Benefit
Population Served:
Military/Veterans

Program Description:

Are you currently on Active Duty Military (one month prior to combat deployment, one month after a deployment, or while on leave from deployment), a severely wounded warrior or a family member of someone who was killed in action (KIA)? If you are, then you are eligible for our Hero'sWish Program!  All you need to do is complete a few easy steps and Veteran Tickets Foundation will get started on making your Hero's Wish come true!

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit Additional Information
A Charting Impact Report consists of an organization’s responses to the five questions. Helping validate this self-reported data are three reviews. Once an organization has used the online interface to complete its report, its responses will produce a document with a unique URL that will be shared on this website, on your GuideStar profile, on the reports of charities participating in BBB Wise Giving Alliance evaluations, and – in the future – with other websites and information sources about nonprofits. We encourage organizations to use this URL to share their report on their own website and through their own media channels. Participants will receive guidance about promoting their Charting Impact Report, along with other benefits, once they publish their report.

Veteran Ticket Foundation has brought happiness instead of stress, family bonding after years apart and recognition of honor for service to veterans and their families across the country. The events to which we provide tickets allow veterans to receive real gratitude for their years of service and sacrifice, while assisting them in reintegrating in their communities and families. We give a gift of happiness to those who gave so much. Our users report increased quality of life, improved family time and even reduction in PTSD symptoms. In the first six years we gave over 960,000 tickets and fulfilled 155 Hero’s Wishes.
For more in-depth information about this organization's impact, view their Charting Impact Report.
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