American Legion
- Assets
- $140.8k
- Revenue
- $505.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison Lake, MN
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 41-6029321
Organization Overview
American Legion is located in Madison Lake, MN. 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. 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 06/2024, American Legion generated $505.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $469.9k during the year ending 06/2024. While expenses have increased by 29.9% per year over the past 9 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
TO ENHANCE THE WELL-BEING OF AMERICA'S VETERANS, THEIR FAMILIES, OUR MILITARY, AND OUR COMMUNITIES BY OUR DEVOTION TO MUTUAL HELPFULNESS, WITH COMMUNITY EVENTS AND FUNDRAISERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF MADISON LAKE FOR CITY PARK IMPROVEMENTS, CITYWIDE SHREDDING, 4TH OF JULY FIREWORKS, AND VARIOUS OTHER CITY PROJECTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Hottinger Gambling Manager | Officer | 0 | $9,600 |
Chuck Peterson Finance Officer | Officer | 2 | $0 |
Timothy Austad Sr Post Commander | Officer | 2 | $0 |
Mike Mclaughlin Adjutant | Officer | 2 | $0 |
Kathleen Hottinger-Mcgraw Gambling Manger Asst. | Officer | 0 | $9,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,067 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067 |
| Total Program Service Revenue | $0 |
| Investment income | $1,410 |
| 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 | $502,930 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $505,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,493 |
| Grants and other assistance to domestic individuals. | $27,500 |
| 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 | $19,680 |
| 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 | $3,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,243 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,093 |
| 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 | $736 |
| Insurance | $0 |
| All other expenses | $127,759 |
| Total functional expenses | $469,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,061 |
| Savings and temporary cash investments | $67,732 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,762 |
| 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 | $140,762 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $140,762 |
Grants Awarded
Over the last fiscal year, American Legion has awarded $54,796 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS PRESCHOOL | | | $7,000 |
BLUE EARTH COUNTY SHERIFF DEPARTMENT PURPOSE: Dive team equipement | $10,000 |
CITY OF MADISON LAKE PURPOSE: July 4th celebration, park improvements | $37,796 |