American Legion Wm & Ed Phillips Post 293
- Assets
- $357.8k
- Revenue
- $87.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Malden, MO
- Founding
- 03/1946
- Data as of
- 07/2021
- EIN
- 43-0994269
Organization Overview
American Legion Wm & Ed Phillips Post 293, operating under the name Wm & Ed Phillips Post 293, is located in Malden, MO. 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 07/2021, Wm & Ed Phillips Post 293 employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Wm & Ed Phillips Post 293 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 07/2021, Wm & Ed Phillips Post 293 generated $87.2k 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 (5.4%) each year. All expenses for the organization totaled $61.5k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATIONFOR VETERANS TO HELP AND SUPPORT EACH OTHER AND THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR VETERANS TO HELP AND SUPPORT EACH OTHER AND THE COMMUNITY
LOCAL COLLEGE SCHOLARSHIPS GRANTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Faulkner Commander | Officer | 20 | $0 |
Robert Shaw Vice Commander | Officer | 20 | $0 |
Clarence Bennett Adjuant | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $943 |
| 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 | $943 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $65,439 |
| Net Income from Sales of Inventory | $16,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,167 |
| 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 | $1,203 |
| 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 | $5,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130 |
| Office expenses | $1,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,584 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,939 |
| All other expenses | $0 |
| Total functional expenses | $61,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,969 |
| Savings and temporary cash investments | $400 |
| 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 | $333,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $357,779 |
| Accounts payable and accrued expenses | -$538 |
| 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 | $8,000 |
| Other liabilities | $0 |
| Total liabilities | $7,462 |
| 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 | $350,317 |
| Total liabilities and net assets/fund balances | $357,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Veterans Community Project Kansas City, MO | $14,262,405 | $11,060,934 |
American Legion Auxiliary Bowling Green, KY | $99,496 | $4,500,725 |
Disabled American Veterans Paid Time Off Plan And Tr Erlanger, KY | $4,127,164 | $2,957,196 |
Amvets Springfield, IL | $604,546 | $3,188,714 |
Cov Inc Murfreesboro, TN | $390,398 | $2,770,188 |
Disabled American Veterans Thrift Store Inc Wichita, KS | $839,064 | $1,958,775 |
Welcome Home Inc Columbia, MO | $4,815,089 | $2,743,236 |
American Legion Bloomington, IL | $4,519,203 | $2,240,833 |
Sons Of Confederate Veterans Inc Columbia, TN | $17,474,113 | $2,425,147 |
Veterans Of Foreign Wars Of The Us Dept Of Kentucky Vine Grove, KY | $282,308 | $1,502,516 |