American Legion
- Assets
- $242.4k
- Revenue
- $348.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 59-6200796
Organization Overview
American Legion is located in Pompano Beach, FL. 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 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 06/2023, American Legion generated $348.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $350.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST VETERANS,THEIR FAMILIES BENEFITS OF VETERANS,INCLUDING FULL ACCOUNTING OF POWS AND MIAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST 142 EACH YEAR SPONSORS BOY SCOUTS FOR INNER CITY SCOUTS
POST 142 SUPPORTS WREATHS ACROSS AMERICA WHICH PLACES CHRISTMAS
PROVIDE AN HONOR GUARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Sweeney Commander | Officer | 40 | $0 |
Dede Davis 1st Vice | Officer | 20 | $0 |
Earl Farley Adjutent | Officer | 30 | $0 |
Kevin Bolender Finance Office | Officer | 30 | $0 |
Amy Turner Bar Manager | Officer | 30 | $37,792 |
Denise Racanie Bartender | Officer | 28 | $13,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $20,298 |
| Fundraising events | $88,942 |
| Related organizations | $0 |
| Government grants | $8,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,681 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,519 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $33,653 |
| Net Income from Sales of Inventory | $175,659 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,281 |
| 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 | $64,749 |
| 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 | $46,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,579 |
| Office expenses | $13,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,955 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,129 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,168 |
| Insurance | $14,259 |
| All other expenses | $5,696 |
| Total functional expenses | $350,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,523 |
| Savings and temporary cash investments | $6,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,446 |
| Inventories for sale or use | $2,771 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $80,008 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $242,405 |
| 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 | $0 |
| Other liabilities | $387 |
| Total liabilities | $387 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $102,272 |
| Paid-in or capital surplus, or land, building, or equipment fund | $90,666 |
| Retained earnings, endowment, accumulated income, or other funds | $49,080 |
| Total liabilities and net assets/fund balances | $242,405 |