Veterans Of Foreign Wars Legion Club
- Assets
- $232.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albion, NE
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 47-0655850
Organization Overview
Veterans Of Foreign Wars Legion Club is located in Albion, NE. The organization was established in 1987. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Of Foreign Wars Legion Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Veterans Of Foreign Wars Legion Club generated $51.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MAINTAINING LOCAL VETERANS MEETING PLACE AND SUPPORTS LOCAL VETERANS ORGANIATIONS IN THE ALBION AREA.
MAINTAINING LOCAL VETERANS MEETING PLACE AND SUPPORTS LOCAL VETERANS ORGANIATIONS IN THE ALBION AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Borg Chairman | 1 | $0 | |
Katie Score Secretary | 1 | $0 | |
Larry Swerczek Treasurer | 1 | $0 | |
Art Howell Board Member | 1 | $0 | |
Leon Magsamen Board Member | 1 | $0 | |
Darrell Thorin Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,463 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,284 |
| Other Revenue | $550 |
| Total Revenue | $51,822 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,423 |
| Professional fees and other payments to independent contractors | $1,343 |
| Occupancy, rent, utilities, and maintenance | $9,175 |
| Printing, publications, postage, and shipping | $42 |
| Other expenses | $11,200 |
| Total expenses | $41,183 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,506 |
| Other assets | $0 |
| Total assets | $232,733 |
| Total liabilities | $27,503 |
| Net assets or fund balances | $205,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
A Sanctuary For Military Families Inc Granby, CO | $1,662,699 | $1,856,266 |
Disabled American Veterans Thrift Store Inc Wichita, KS | $839,064 | $1,958,775 |
Welcome Home Inc Columbia, MO | $4,815,089 | $2,743,236 |
Disabled American Veterans Kirksville, MO | $1,845,481 | $1,322,350 |
South Dakota Military Heritage Alliance Inc Sioux Falls, SD | $11,375,976 | $3,644,331 |
Veteran Sheepdogs Of Colorado Colorado Springs, CO | $0 | $952,880 |
American Legion Lincoln, NE | $1,991,172 | $1,102,281 |
American Legion Topeka, KS | $1,796,434 | $1,123,115 |
Operation Shower St Louis, MO | $635,124 | $1,189,312 |
Veterans Of Foreign Wars Dept Of Missouri Blue Springs, MO | $2,864,235 | $1,516,109 |