American Legion Post 0286 Victory is located in Clarence, IA. 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 Post 0286 Victory 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 12/2021, American Legion Post 0286 Victory generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $10.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ken Richman Director | 0 | $0 | |
Carl Plaisted Director | 0 | $0 | |
Larry Hasselbusch Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $4,351 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $1,831 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $6,182 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $255 |
Other expenses | $10,633 |
Total expenses | $10,888 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $146,729 |
Other assets | $0 |
Total assets | $186,729 |
Total liabilities | $0 |
Net assets or fund balances | $186,729 |
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