American Legion Endowment Fund Corporation
- Assets
- $17.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 11/1934
- Data as of
- 12/2021
- EIN
- 35-6039680
Organization Overview
American Legion Endowment Fund Corporation, operating under the name American Legion Veterans and Children Foundation, is located in Indianapolis, IN. The organization was established in 1934. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Legion Veterans and Children Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Legion Veterans and Children Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $348.7k during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN LEGION ENDOWMENT FUND PROVIDES FINANCIAL SUPPORT FOR THE ORGANIZATION'S VETERANS AFFAIRS & REHABILITATION SERVICES AND CHILDREN & YOUTH PROGRAMS, INCLUDING TEMPORARY FINANCIAL ASSISTANCE IN THE FORM OF CASH GRANTS TO PROVIDE BASIC NEEDS OF VETERAN AND MILITARY FAMILIES WITH MINOR CHILDREN AT HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME FROM FUND INVESTMENTS IS PASSED ON TO THE VETERANS AFFAIRS AND REHABILITATION AND CHILD WELFARE PROGRAMS OF AMERICAN LEGION NATIONAL HEADQUARTERS. SOME OF THE FUNDS ASSIST THE VETERANS AFFAIRS AND REHABILITATION DIVISION WITH THE FOLLOWING PROGRAMS: 1. PROVIDES FUNDS FOR TWO ANNUAL DEPARTMENT SERVICE OFFICER'S SCHOOLS. TRAINING IS PROVIDED TO THESE INDIVIDUALS TO BRING THEM UP TO DATE ON THE LATEST CHANGES IN DEPARTMENT OF VETERAN AFFAIRS AND THE UNITED STATES COURT OF APPEALS FOR VETERANS CLAIMS REGULATIONS, PROCEDURES AND LAWS, RESPECTIVELY. 2. PROVIDES FUNDS FOR THE AMERICAN LEGION AND NATIONAL VETERANS LEGAL SERVICES PROGRAM (NVLP) INTERNSHIP PROGRAM, WHICH PROVIDES TRAINING TO LEGION STAFF ASSIGNED TO THE BOARD OF VETERANS APPEALS (BVA) AND TO DEPARTMENT SERVICE OFFICERS ON TEMPORARY ASSIGNMENT TO THE BVA. 3. PARTIALLY FINANCES A MEMORANDUM OF AGREEMENT WITH THE NATIONAL VETERANS LEGAL SERVICES PROGRAM FOR TRAINING OF LEGION SERVICE OFFICERS AND LEGAL REPRESENTATION BEFORE FEDERAL COURTS ON VETERANS/CLAIMANTS APPEALS CONSIDERED TO BE OF A PRECEDENTIAL-SETTING NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,297 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $514,010 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,622,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,144,096 |
| Total Program Service Revenue | $0 |
| Investment income | $302,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,452,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $257,925 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,214 |
| Fees for services: Accounting | $4,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,840 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,500 |
| Office expenses | $8,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,766 |
| All other expenses | $0 |
| Total functional expenses | $348,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,626,625 |
| 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 | $0 |
| Investments—publicly traded securities | $14,924,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,315 |
| Total assets | $17,175,096 |
| 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 | $2,000,000 |
| Total liabilities | $2,000,000 |
| Net assets without donor restrictions | $87,526 |
| Net assets with donor restrictions | $15,087,570 |
| 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 | $17,175,096 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Legion Endowment Fund Corporation has recieved totaling $521,307.
| Awarding Organization | Amount |
|---|---|
American Legion Indianapolis, IN PURPOSE: General support | $500,000 |
American Legion Charities Inc Indianapolis, IN PURPOSE: General Support | $14,010 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $7,297 |
Endowment Analysis
| Beg. Balance | $10,724,014 |
| Earnings | $308,755 |
| Net Contributions | $4,144,096 |
| Grants | $348,677 |
| Ending Balance | $14,828,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of The United States Kansas City, MO | $242,275,685 | $98,113,411 |
American Legion Indianapolis, IN | $141,288,704 | $82,016,470 |
H E R O E S Care Inc Fenton, MO | $4,492,001 | $18,882,199 |
Disabled American Veterans Kansas City, MO | $10,841,900 | $17,342,130 |
American Legion Bowling Green, KY | $1,050,755 | $11,898,405 |
American Legion Auxiliary Indianapolis, IN | $53,756,323 | $11,649,453 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Veterans Community Project Kansas City, MO | $14,262,405 | $11,060,934 |
American Legion Auxiliary Bowling Green, KY | $99,496 | $4,500,725 |
Disabled American Veterans Paid Time Off Plan And Tr Erlanger, KY | $4,127,164 | $2,957,196 |
American Legion Indianapolis, IN | $6,888,018 | $3,332,697 |
Amvets Springfield, IL | $604,546 | $3,188,714 |