American Legion
- Assets
- $563.6k
- Revenue
- $330.7k
- Investments
- $100.8k
- Employees
- 17
- Location
- Palatine, IL
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 36-2908012
Organization Overview
American Legion, operating under the name Palatine Post #690 American Legion, is located in Palatine, IL. 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 06/2024, Palatine Post #690 American Legion employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Palatine Post #690 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 06/2024, Palatine Post #690 American Legion generated $330.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $264.6k during the year ending 06/2024. While expenses have increased by 15.2% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SERVICES AND FUNCTIONS FOR ARMED FORCES VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL AWARDS AND COMMUNITY PROGRAMS
VETERANS MEMORIAL DAY AND OTHER HOLIDAYS
MILITARY OUTREACH AND DISASTER RELIEF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cramer Commander | Officer | 15 | $0 |
Jim Kott Senior Vice Commander | Officer | 10 | $0 |
Ed Behrens Adjutant | Officer | 5 | $0 |
George Tibus Sergeantatarms | Officer | 5 | $0 |
Tom Stamborski Finance Officer | Officer | 15 | $0 |
Jim Brenner Assistant Finance Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55 |
| Fundraising events | $0 |
| Related organizations | $545 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,345 |
| Total Program Service Revenue | $39,149 |
| Investment income | $1,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,862 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $59,209 |
| Net Income from Sales of Inventory | $191,727 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,400 |
| 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 | $73,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $2,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,706 |
| Advertising and promotion | $430 |
| Office expenses | $40 |
| Information technology | $2,785 |
| Royalties | $0 |
| Occupancy | $55,945 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,441 |
| All other expenses | $22,583 |
| Total functional expenses | $264,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,074 |
| Savings and temporary cash investments | $33,777 |
| 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 | $12,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $371,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,762 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,613 |
| 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 | $6,941 |
| Total liabilities | $6,941 |
| 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 | $556,672 |
| Total liabilities and net assets/fund balances | $563,613 |