American Legion Post 5
- Assets
- $589.5k
- Revenue
- $148.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 07/1945
- Data as of
- 06/2021
- EIN
- 62-0113960
Organization Overview
American Legion Post 5, operating under the name Nashville Post No 5 Suite G-26, is located in Nashville, TN. The organization was established in 1945. 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 06/2021, Nashville Post No 5 Suite G-26 employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Nashville Post No 5 Suite G-26 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 06/2021, Nashville Post No 5 Suite G-26 generated $148.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $76.2k during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
VETERANS' ORGANIZATION PROVIDING SERVICES TO VETERANS AND YOUTH ORGANIZATIONS THROUGH SPORTS AND COMMUNITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERAN ORGANIZATION PROVIDING SERVICES TO VETERANS AND YOUTH ORGANIZATIONS THROUGH SPORTS AND COMMUNITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Evans Adjutant | Officer | 40 | $30,000 |
Patrick Darnell Na | Officer | 20 | $13,200 |
Bobby Reynolds Commander | OfficerTrustee | 20 | $0 |
Carl Stasiunas 1st Vice Commander, Trustee | OfficerTrustee | 2 | $0 |
Phillip M Mcgovern Trustee Secretary | OfficerTrustee | 2 | $0 |
Eric Grasman 2nd Vice Commander, Trustee | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,440 |
| Investment income | $124,414 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,893 |
| Statement of Expenses | |
|---|---|
| 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. | $40,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,417 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,544 |
| Interest | $2,422 |
| Payments to affiliates | $11,651 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,005 |
| All other expenses | $0 |
| Total functional expenses | $76,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,548 |
| Savings and temporary cash investments | $238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $587 |
| 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 |
| Investments—publicly traded securities | $496,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,855 |
| Total assets | $589,478 |
| Accounts payable and accrued expenses | $7,355 |
| 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 | $84,855 |
| Total liabilities | $92,210 |
| 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 |
| Total liabilities and net assets/fund balances | $497,268 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
The Independence Fund Inc Charlotte, NC | $7,812,789 | $8,567,110 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
Armed Services Mutual Benefit Association Goodlettsville, TN | $55,566,131 | $7,665,042 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |
Young Marines Of The Marine Corps League Dumfries, VA | $6,204,129 | $6,595,765 |
Coast Guard Mutual Assistance Incorporated Arlington, VA | $53,600,951 | $7,292,457 |
Navy League Of The United States National Headquarters Arlington, VA | $72,874,046 | $1,354,328 |
Team Red White & Blue Inc Atlanta, GA | $10,402,897 | $10,336,911 |
Veterans Community Project Kansas City, MO | $14,262,405 | $11,060,934 |