American Legion
- Assets
- $828.5k
- Revenue
- $252.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Colchester, VT
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 03-0364573
Organization Overview
American Legion is located in Colchester, VT. 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 12/2022, American Legion employed 15 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Legion 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 12/2022, American Legion generated $252.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $265.5k during the year ending 12/2022. 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
OUR MISSIONS ARE FRATERNAL, PATRIOTIC, HISTORICAL AND EDUCATIONAL; TO PRESERVE AND STRENGTHEN COMRADESHIP AMOUNG ITS MEMBERS; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY AND HISTORY OF OUR DEAD AND TO ASSIST THEIR WIDOWS AND ORPHANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN LEGION IS A HOME AWAY FROM HOME FOR ACTIVITY AND RETIRED VETERANS AND THEIR FAMILIES. ITS MISSION IS TO SUPPLY A COMRADESHIP, FELLOWSHIP AND A PURPOSE IN THE LIFE OF A VETERAN. SIGNIFICANT ACTIVITIES INCLUDE SOCIAL QUARTERS, DINNERS AND ENTERTAINMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Lingo Commander | OfficerTrustee | 0 | $0 |
Dave Cobb Sgt At Arms | OfficerTrustee | 0 | $0 |
Mike Goldstein Finance Officer | OfficerTrustee | 0 | $0 |
Jessica Patnaude Historian | OfficerTrustee | 0 | $0 |
Robert Gilhooly Jag | OfficerTrustee | 0 | $0 |
Richard Studley 1st V President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,580 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,170 |
| Total Program Service Revenue | $0 |
| Investment income | $273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$8,289 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,074 |
| Net Income from Gaming Activities | $146,405 |
| Net Income from Sales of Inventory | $78,909 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,480 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $19,105 |
| Insurance | $9,262 |
| All other expenses | $0 |
| Total functional expenses | $265,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,291 |
| Savings and temporary cash investments | $196,509 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $546,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,350 |
| Total assets | $828,459 |
| Accounts payable and accrued expenses | $9,710 |
| 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 | $0 |
| Total liabilities | $9,710 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $818,749 |
| Total liabilities and net assets/fund balances | $828,459 |