American Legion Post 0019 Thomas W Cole Post
- Assets
- $184.5k
- Revenue
- $260.4k
- Investments
- $49.6k
- Employees
- 13
- Location
- Sanford, ME
- Founding
- 03/1946
- Data as of
- 05/2022
- EIN
- 01-0018923
Organization Overview
American Legion Post 0019 Thomas W Cole Post is located in Sanford, ME. The organization was established in 1946. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 05/2022, American Legion Post 0019 Thomas W Cole Post employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Legion Post 0019 Thomas W Cole Post is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 05/2022, American Legion Post 0019 Thomas W Cole Post generated $260.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $215.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VETERANS ORGANIZATION PROVIDING SUPPORT FOR MEMBERS AND THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME FROM GAMING ALLOWED THE COLE POST 19 TO CONTINUE ITS MISSION TO HELP COUNSEL, AND SUPPORT LOCAL VETERANS WITH THEIR INDIVIDUAL NEEDS AND DIRECT THEM TO OTHER AGENCIES WHEN NECCESSARY. WE PROVIDE VETERANS WITH EMERGENCY FUNDING SUCH AS FUEL & OIL, CAR REPAIRS, AND RENT WHEN NEEDED. THE POST CONTINUES TO SUPPORT THE LOCAL COMMUNITY WITH DONATIONS TO OTHER NON-PROFITS, SCHOOLS, AND YOUTH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Camerson 1st Vice | Officer | $0 | |
Scott Clark 2nd Vice | Officer | $0 | |
Joseph Doiron Financial Of | Officer | $0 | |
Dan Hathaway Commander | Officer | $0 | |
Dale Midgley Service Offi | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,640 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,981 |
| Net Income from Gaming Activities | $127,993 |
| Net Income from Sales of Inventory | $74,664 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $502 |
| Office expenses | $4,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,258 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $7,623 |
| Depreciation, depletion, and amortization | $7,568 |
| Insurance | $6,707 |
| All other expenses | $0 |
| Total functional expenses | $215,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,645 |
| Savings and temporary cash investments | $95,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,077 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,581 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,512 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,835 |
| Total liabilities | $3,835 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $180,677 |