American Legion Post 205
- Assets
- $972.9k
- Revenue
- $198.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Franklin, IN
- Founding
- 03/1946
- Data as of
- 03/2023
- EIN
- 35-0144205
Organization Overview
American Legion Post 205 is located in Franklin, IN. 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 03/2023, American Legion Post 205 employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Legion Post 205 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 03/2023, American Legion Post 205 generated $198.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $178.7k during the year ending 03/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN LEGION IS A UNITED STATES ARMED FORCES VETERANS SERVICE ORGANIZATION COMMITTED TO MENTORING AND SPONSORSHIP OF YOUTH PROGRAMS, ADVOCATING PATRIOTISM AND HONOR, PROMOTING A STRONG NATIONAL SECURITY, AND CONTINUED DEVOTION TO OUR FELLOW SERVICEMEMBERS AND VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A FRATERNAL AND SOCIAL SETTING FOR VETERANS OF AMERICAN ARMED FORCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall D Weathers Commander | OfficerTrustee | 5 | $0 |
David Wooden Adjutant | OfficerTrustee | 5 | $0 |
Philip Williams Finance Offi | OfficerTrustee | 8 | $0 |
Jw Brewer Trustee | Trustee | 2 | $0 |
Roger Plummer Trustee | Trustee | 2 | $0 |
Jim Phillips Trustee | Trustee | 2 | $0 |
Financial Statements
| 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 | $8,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,018 |
| Total Program Service Revenue | $22,601 |
| Investment income | $35,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $811 |
| Net Gain/Loss on Asset Sales | -$3,337 |
| Net Income from Fundraising Events | -$3,249 |
| Net Income from Gaming Activities | $29,828 |
| Net Income from Sales of Inventory | $108,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,100 |
| 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 | $42,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,827 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,946 |
| Office expenses | $356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,689 |
| 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 | $15,758 |
| Depreciation, depletion, and amortization | $4,533 |
| Insurance | $18,708 |
| All other expenses | $6,923 |
| Total functional expenses | $178,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,471 |
| Savings and temporary cash investments | $57,540 |
| 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 | $2,879 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $168,038 |
| Investments—publicly traded securities | $731,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,487 |
| Total assets | $972,920 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $922,920 |
| Total liabilities and net assets/fund balances | $972,920 |