American Legion Home Association Of Loretto Pa is located in Loretto, PA. The organization was established in 1970. 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 12/2021, American Legion Home Association Of Loretto PA employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Legion Home Association Of Loretto PA is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, American Legion Home Association Of Loretto PA generated $255.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $229.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AMERICANISM AND CONDUCT PATRIOTIC FUNCTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF AMERICANISM AND COORDINATION AND SUPPORT OF PATRIOTIC FUNCTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Terry Oneill Vice President | OfficerTrustee | 0 | $0 |
Terry Krug President | OfficerTrustee | 0 | $0 |
Gerald T Wills Secretary | OfficerTrustee | 0 | $0 |
Anthony J Biller Treasurer | OfficerTrustee | 0 | $0 |
Richard M Hershel Directorcommander | Trustee | 0 | $0 |
Dewey F Biller Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,859 |
Investment income | $121 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $146,726 |
Net Income from Sales of Inventory | $104,928 |
Miscellaneous Revenue | $0 |
Total Revenue | $255,536 |
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 | $84,833 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,441 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,857 |
Fees for services: Accounting | $1,275 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $84,443 |
Advertising and promotion | $0 |
Office expenses | $2,977 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $30,737 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $40 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,143 |
Insurance | $13,376 |
All other expenses | $567 |
Total functional expenses | $229,689 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $78,302 |
Savings and temporary cash investments | $0 |
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 | $7,000 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $29,590 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $114,892 |
Accounts payable and accrued expenses | $1,183 |
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 | $1,183 |
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 | $113,709 |
Total liabilities and net assets/fund balances | $114,892 |
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