Speedway Post 500 Inc

Organization Overview

Speedway Post 500 Inc, operating under the name American Legion, is located in Speedway, 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 12/2022, American Legion employed 19 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 $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PERPETUATE THE IDEALS OF THE AMERICAN LEGION, INCLUDING UPHOLDING AND DEFENDING THE CONSTITUTION OF THE UNITED STATES OF AMERCIA, MAINTAINING LAW AND ORDER, FOSTERING AMERICANISM, AND DEVELOPING A SENSE OF OBLIGATION TO THE COMMUNITY, STATE AND NATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES AN ENVIRONMENT OF CAMARADERIE AND PATRIOTISM FOR ITS MEMBERSHIP


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Board, Officers & Key Employees

Name (title)Compensation
Mike Florek
Trustee
$0
Jim Kite
Chaplain
$0
Rochelle Dunbar
Adjutant
$0
Jasmin Pettiford
Judge Advocate
$0
Geroge Alyea
Service Officer
$0
Steve Sabo
2nd Vice
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$14,339
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$13,730
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$28,069
Total Program Service Revenue$1,163,522
Investment income $0
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 $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,191,591

Grants Awarded

Over the last fiscal year, Speedway Post 500 Inc has awarded $17,250 in support to 2 organizations.

Grant RecipientAmount

RILEY HOSPITAL FOR CHILDREN

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$10,350

FILL THE FOXHOLE

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$6,900
View Grant Profile

Peer Organizations

Organization NameAssets
H E R O E S Care Inc
High Ridge, MO
$16,685,541
Disabled American Veterans
Kansas City, MO
$16,732,298
American Legion
Bowling Green, KY
$11,898,405
American Legion Auxiliary
Indianapolis, IN
$10,661,337
Veterans Community Project
Kansas City, MO
$14,329,741
Veterans Of Foreign Wars Of The United States Auxillary
Kansas City, MO
$8,247,370
American Legion Auxiliary
Bowling Green, KY
$4,500,725
Disabled American Veterans Paid Time Off Plan And Tr
Erlanger, KY
$4,449,445
Welcome Home Inc
Columbia, MO
$2,636,279
Amvets
Springfield, IL
$2,878,099
American Legion
Indianapolis, IN
$2,654,873
American Legion
Bloomington, IL
$2,128,134
American Legion
Portage, WI
$1,824,594
Impacting Veterans Lives Inc
Wadsworth, IL
$1,926,928
Veterans Of Foreign Wars Of The Us Dept Of Kentucky 10281 Vfw-Ke
Vine Grove, KY
$1,695,535
Vfw Veterans Club Inc
Mchenry, IL
-$280,268
Operation Shower
St Louis, MO
$1,689,319
Stars And Stripes Honor Flight Inc
Menomonee Falls, WI
$1,748,950
Veterans Of Foreign Wars Department Of Illinois
Springfield, IL
$1,164,947
Veterans Of Foreign Wars Of The United States Dept Of Wisconsin
Madison, WI
$1,117,792
Disabled American Veterans
Kirksville, MO
$1,560,626
Marine Raider Foundation
Fishers, IN
$1,167,280
Operation Support Our Troops - America Inc
Naperville, IL
$1,524,623
Veterans Of Foreign Wars Dept Of Missouri
Jefferson City, MO
$1,461,392
American Legion
Milan, IN
$1,545,658

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