American Legion
- Assets
- $1.6m
- Revenue
- $374.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Ludlow, VT
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 03-6016554
Organization Overview
American Legion is located in Ludlow, 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 8 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 $374.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $243.0k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
FOR GOD AND COUNTRY, WE ASSOCIATE OURSELVES TOGETHER FOR MANY PURPOSES. TO UPHOLD AND DEFEND THE CONSTITUTION OF THESE UNITED STATES; TO MAINTAIN LAW AND ORDER; TO FOSTER AND PERPETUATE AMERICANISM; TO PRESERVE THE MEMORIES AND INCIDENTS OF OUR ASSOCIATION IN THE GREAT WARS; TO INCULCATE A SENSE OF INDIVIDUAL OBLIGATION TO COMMUNITY, STATE AND NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A WARTIME VETERAN ASSOCIATION THAT IS ESTABLISHED TO SUPPORT FELLOW VETERANS/ACTIVE DUTY MILITARY AND THEIR FAMILIES IN MANY WAYS. WE OFFER A PLACE FOR FELLOW COMRADES TO GATHER. WE SEND OUT CARE PACKAGES TO ACTIVE DUTY MILITARY TROOPS. WE REMEMBER AND HONOR ALL THOSE WHO HAVE SERVED OUR COUNTRY AND COMMUNITY BY THEIR UNSELFISH GENEROSITY OF SELF IN MILITARY SERVICE. THROUGH OUR EFFORTS, AMERICAN FLAGS ARE PLACED AT EACH GRAVE IF DECEASED VETERANS EACH MEMORIAL DAY. WE ARRANGE A PARADE AND CEREMONY TO ENSURE MEMORIAL DAY IS DAY OF REMEMBRANCE FOR ALL THE MEN AND WOMEN WHO HAVE GIVEN THEIR LIVES TO THE SERVICE OF OUR COUNTRY.
WE SUPPORT OUR LOCAL COMMUNITY IN MANY WAYS. FOR OVER 30 YEARS WE HAVE ARRANGED AND PROVIDED A JULY 4TH FIREWORKS DISPLAY FOR OUR NEIGHBORS AND FRIENDS IN OUR COMMUNITY. EACH YEAR WE DONATE $5,500 OF SCHOLARSHIPS TO OUR LOCAL HIGH SCHOOL TO PROMOTE FURTHER EDUCATION. EVERY YEAR NEEDY INDIVIDUALS AND ORGANIZATIONS SEEK DONATIONS FROM THIS AMERICAN LEGION POST. TO ACCOMPLISH OUR COMMUNITY GOALS WE ARE FORTUNATE TO HAVE OVER 50 MEMBER VOLUNTEERS WHO HAVE GIVEN MORE THAN 3000 HOURS OF TIME TO OUR GOAL OF COMMUNITY SERVICE.
WE HAVE A VERY ACTIVE COLOR GUARD WITH MORE THAN TWENTY MEMBERS. THE COLOR GUARD MARCHES AND PARTICIPATES IN NUMEROUS PARADES WITHIN THE STATE OF VERMONT AND THE VJ PARADE IN CONNECTICUT. THE COLOR GUARD ALSO PERFORMS MILITARY HONORS AT ALL VETERAN FUNERALS AND BURIALS. THE FIRING SQUAD HONORS DECEASED VETERANS WITH A GUN SALUTE, TAPS, AND PRESENTS THE FLAG TO THE VETERAN'S SURVIVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lombard Executive Board | Trustee | 5 | $0 |
Douglas Peabody Judge Advocate | OfficerTrustee | 2 | $0 |
Edward Bowen Finance Manager | OfficerTrustee | 2 | $0 |
David Steeves 2nd Vice Comman | OfficerTrustee | 2 | $0 |
Scott Stevens Executive Board | Trustee | 2 | $0 |
Fred Wilson Commander | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,752 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,362 |
| Total Program Service Revenue | $0 |
| Investment income | $24,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $109,519 |
| Net Income from Sales of Inventory | $100,416 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,351 |
| 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 | $55,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,175 |
| Payroll taxes | $6,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,208 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,168 |
| Office expenses | $1,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,098 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,205 |
| Insurance | $10,967 |
| All other expenses | $0 |
| Total functional expenses | $242,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,913 |
| Savings and temporary cash investments | $25,468 |
| 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 | $7,477 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $445,581 |
| Investments—publicly traded securities | $1,023,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,950 |
| Total assets | $1,584,901 |
| 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 | $8,700 |
| Total liabilities | $8,700 |
| Net assets without donor restrictions | $1,576,201 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,584,901 |