American Legion
- Assets
- $1.3m
- Revenue
- $281.7k
- Investments
- $640.0k
- Employees
- 4
- Location
- Fairmont, MN
- Founding
- 03/1946
- Data as of
- 08/2023
- EIN
- 41-6039736
Organization Overview
American Legion is located in Fairmont, 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. As of 08/2023, American Legion employed 4 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 08/2023, American Legion generated $281.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $235.7k during the year ending 08/2023. While expenses have increased by 15.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE HE NEEDS OF ALL VETERNAS AND THEIR FAMILIES AND TO FULFILL OUR COMMITTENTTO COMMUNITY, STATE, AND NATION THROUGH CONTRIBUTIONS AND SERVICE. SOME OF THESE PROGRAMS INCLUDE PROVIDING CHRISTMAS GIFT CERTIFICATES FOR BETS AND THEIR FAMILIES, HONORING OUR FALLEN VETERANS AT BURIAL, SPONSORING YOUTH SPORT AN OTHER LOCAL PROGRAMS, AND PROMOTING PATRIOTISM BY EDUCATING THE PUBLIC ABOUT OUR ORGANIZATION AND MAKING FLAGS AND T-SHIRTS AVAILABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST 0036 CONSISTS OF APPROXIMATELY 270 VOTING MEMBERS AND IS AVAILABLE TO ANY SERVICE PERSON WITHIN THE COMMUNITY. EXPENSES INCLUDE COST OF POST ACTIVITIES AND ENTERTAINMENT TO VETERANS AS WELL AS THE COST OF HONOR GUARDS, BUGLERS FOR VETERAN FUNERALS, AID TO VETERANS AND THEIR FAMILIES, AND EDUCATION AND PROMOTION OF PATRIOTISM IN THE COMMUNITY THROUGH SPECIAL EVENTS SUCH AS MEMORIAL DAY PROGRAMS, PARADS, FLAGS, AND SUPPLIES
COMMUNITY
THIS AMERICAN LEGION POST IS COMMITTED TO SERVING THE YOUTH OF OUR COMMUNITY BY PROVIDING SCHOLARSHIPS TO STUDENTS ATTENDING POST SECONDARY EDUCATION AND BY SUPPORTING YOUTH PROGRAMS WITHIN THE COUMMUNITY
AMERICAN LEGION POST 036 IS COMMITTED TO SERVING THE GENERAL PUBLIC BY SUPPORTING COMMUNITY ACTIVITIES SUCH AS INTERLAKEN HERITAGE DAYS HELD IN FAIRMONT. ADDITIONALLY, THEY MAKE CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS THAT SERVE THIS COMMUNITY SUCH AS THE SHEPHERDS INN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Ringeisen Adjutant | Officer | 1 | $3,840 |
Steve Fosness Commander | Officer | 1 | $3,600 |
Jim Miller Financial Of | Officer | 1 | $3,600 |
Corey Germain 1st Vice Com | Officer | 1 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $271,981 |
| Membership dues | $5,899 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $354 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,234 |
| Total Program Service Revenue | $3,134 |
| Investment income | $244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50 |
| 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 | $281,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $10,681 |
| Compensation of current officers, directors, key employees. | $12,840 |
| 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 | $3,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $539 |
| Office expenses | $5,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,035 |
| Travel | $874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,654 |
| Insurance | $2,642 |
| All other expenses | $3,413 |
| Total functional expenses | $235,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,301 |
| Savings and temporary cash investments | $14,956 |
| 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 | $145,172 |
| Investments—publicly traded securities | $190,307 |
| Investments—other securities | $640,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,371 |
| Total assets | $1,264,107 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,264,107 |
| Total liabilities and net assets/fund balances | $1,264,107 |