American Legion Post 1
- Assets
- $310.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, SC
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 57-6024686
Organization Overview
American Legion Post 1 is located in Florence, SC. 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 1 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 1 generated $25.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $27.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Bonner Vice Commander | 0 | $0 | |
Johnny Guest Post Commander | 0 | $0 | |
Michael Richey Post Adjutant | 0 | $0 | |
Michael Cook Treasurer | 0 | $0 | |
Michael Richey Posr Athletic Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,424 |
| Total Program Service Revenue | $748 |
| Membership dues | $3,898 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,099 |
| Other Revenue | $11,865 |
| Total Revenue | $25,034 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $3,707 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $16,349 |
| Printing, publications, postage, and shipping | $4,507 |
| Other expenses | $2,192 |
| Total expenses | $26,955 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,048 |
| Other assets | $0 |
| Total assets | $310,048 |
| Total liabilities | $0 |
| Net assets or fund balances | $310,048 |