Amvets Dept Of Kentuck Post 126
- Assets
- $21.6k
- Revenue
- $109.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Henderson, KY
- Founding
- Data as of
- 08/2023
- EIN
- 46-5668405
Organization Overview
Amvets Dept Of Kentuck Post 126, operating under the name Amvets Post 126, is located in Henderson, KY. As of 08/2022, Amvets Post 126 employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Amvets Post 126 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, Amvets Post 126 generated $109.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $126.0k during the year ending 08/2023. 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
AMVETS GOAL IS TO ASSIST VETERANSADJUST TO CIVILIAN LIFE THROUGH COMMUNITY ACTIVITIESRECREATION BAR AND CHARITABLE GAMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMVETS POST 126 PROVIDES GAMING TO THE VETERANS OF THE ARMED FORCES OF USA AS WELL AS A BARFOR THE PURPOSE OF HELPING VETERANS ADJUST TO CIVILIAN LIFE
AMVETS POST 126 PROVIDES GAMING TO THE VETERANS OF THE ARMED FORCES OF USA AS WELL AS A BARFOR THE PURPOSE OF HELPING VETERANS ADJUST TO CIVILIAN LIFE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Butler 1st Vice President | Officer | 0 | $0 |
David Melton 2nd Vice Pres | Officer | 0 | $0 |
David Pressley 3rd Vice President | Officer | 0 | $0 |
Jerry E Springer Financial Officer | Officer | 0 | $0 |
Milford Allee Commander | Officer | 0 | $0 |
Thomas R Pressley Adjutant | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $197 |
| 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 | $197 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $42,428 |
| Net Income from Sales of Inventory | $67,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $50,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,818 |
| Office expenses | $685 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,654 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,421 |
| Insurance | $6,360 |
| All other expenses | $0 |
| Total functional expenses | $125,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,850 |
| Savings and temporary cash investments | $0 |
| 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 | $4,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,620 |
| 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 | $26,924 |
| Other liabilities | $2,366 |
| Total liabilities | $29,290 |
| 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 | -$7,670 |
| Total liabilities and net assets/fund balances | $21,620 |