American Legion Post 0974 Franklin Park
- Assets
- $282.6k
- Revenue
- $22.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin Park, IL
- Founding
- 08/1944
- Data as of
- 09/2023
- EIN
- 36-2429209
Organization Overview
American Legion Post 0974 Franklin Park is located in Franklin Park, IL. The organization was established in 1944. 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 a subordinate organization within an affiliated group for tax-exemption purposes. American Legion Post 0974 Franklin Park 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 09/2023, American Legion Post 0974 Franklin Park generated $22.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $38.5k during the year ending 09/2023. 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
ASSIST WITH THE REHABILITATION OF U.S. VETERANS & THE CARE OF THEIR DEPENDENT, ASSIST NEEDY FAMILIES, PROMOTE EDUCATION, AND REACH OUT TO THE COMMUNITY BY DONATING FUNDS & USE OF FACILITIES FOR CHARITABLE PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO V.A HOSPITAL PATIENTS AND TO LOCAL VETERANS AND THEIR FAMILIES IN NEED.
OCCASSIONAL RENTAL OF HALL INCOME IS USED TO PARTIALLY COVER OCCUPANCY COST. FACILITIES ARE ALSO USED FOR COMMUNITY EVENTS & CHARITABLE PURPOSE. BINGO, PULL TAB, OTHER GAMING, AND POST SOCIAL EVENT INCOME IS USED TO PARTIALLY COVER OCCUPANCY COST, FUNDING OF SCHOLARSHIPS & SCHOOL AWARDS, CONTRIBUTIONS & OTHER CHARITABLE PURPOSE. CLUB BAR INCOME IS USED TO PARTIALLY COVER OCCUPANCY COST & TO FUND ASSISTANCE TO U.S. VETERANS WITH THEIR REHABILITATION & THE CARE OF THEIR DEPENDENTS, AS WELL AS TO FUND THE ASSISTANCE TO NEEDY FAMILIES & THE COST OF PROMOTING EDUCATION TO THE COMMUNITY.
CHILDREN & YOUTH ACTIVITIES. SPONSORED BOYS & GIRLS SPORTS TEAMS IN PARK DISTRICTS LEAGUES. GRANTED AMERICAN LEGION SCHOOL AWARDS TO ENCOURAGE EDUCATION.
LOCAL COMMUNITY SERVICE ASSISTANCE. MADE VARIOUS DONATION TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendall Bishop Director | Trustee | 3 | $0 |
Mildred Gort President | OfficerTrustee | 3 | $0 |
Donald Horn Director | OfficerTrustee | 3 | $0 |
Eugene Korus Director | Trustee | 3 | $0 |
William Mc Murray Treasurer | OfficerTrustee | 5 | $0 |
Eugene Piltaver Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,871 |
| Total Program Service Revenue | $5,126 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,869 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $16,302 |
| Net Income from Sales of Inventory | $15,399 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,917 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,897 |
| 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 | $5,187 |
| Insurance | $0 |
| All other expenses | $1,210 |
| Total functional expenses | $38,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,646 |
| Savings and temporary cash investments | $95,529 |
| 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 | $977 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $165,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,565 |
| 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 | $4,939 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $277,626 |
| Total liabilities and net assets/fund balances | $282,565 |