American Legion
- Assets
- $392.9k
- Revenue
- $694.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Wayzata, MN
- Founding
- 03/1946
- Data as of
- 05/2022
- EIN
- 41-0761684
Organization Overview
American Legion is located in Wayzata, MN. 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. As of 05/2022, American Legion employed 15 individuals. 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 05/2022, American Legion generated $694.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $572.4k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION - PROVIDES FELLOWSHIP AMONG VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL ORGANIZATION - PROVIDES FELLOWSHIP AMONG VETERANS. RESTAURANT, BAR AND MEETING PLACE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Carlson 2nd Vice Com | OfficerTrustee | 0.5 | $0 |
Trish Dierson Post Command | OfficerTrustee | 5 | $0 |
Tony Good 1st Vice Com | OfficerTrustee | 2 | $0 |
Gene Lesser Historian | OfficerTrustee | 0.5 | $0 |
Chris Pederson Director | OfficerTrustee | 0.5 | $0 |
Terry Smith Finance Offi | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,948 |
| Total Program Service Revenue | $12,378 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,920 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,821 |
| Net Income from Gaming Activities | $40,977 |
| Net Income from Sales of Inventory | $453,054 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,968 |
| Grants and other assistance to domestic individuals. | $8,436 |
| 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 | $217,199 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,346 |
| Payroll taxes | $25,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,970 |
| Advertising and promotion | $398 |
| Office expenses | $38,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,294 |
| Insurance | $3,411 |
| All other expenses | $39,026 |
| Total functional expenses | $572,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,128 |
| Savings and temporary cash investments | $76,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,723 |
| Prepaid expenses and deferred charges | $510 |
| Net Land, buildings, and equipment | $152,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,500 |
| Total assets | $392,944 |
| Accounts payable and accrued expenses | $40,981 |
| 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 | $0 |
| Total liabilities | $40,981 |
| Net assets without donor restrictions | $332,809 |
| Net assets with donor restrictions | $19,154 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $392,944 |
Endowment Analysis
| Beg. Balance | $27,612 |
| Earnings | $2 |
| Net Contributions | $9,536 |
| Grants | $8,460 |
| Ending Balance | $19,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Legion Park Rapids, MN | $825,850 | $4,270,979 |
Veterans Club Kenmare, ND | $1,486,143 | $2,790,806 |
American Legion Portage, WI | $4,372,734 | $2,507,173 |
Disabled American Veterans Saint Paul, MN | $2,007,600 | $2,057,727 |
Veterans Of Foreign Wars Dept Of Minnesota Savage, MN | $1,880,038 | $1,395,935 |
Veterans Of Foreign Wars Of The United States Dept Of Wisconsin Madison, WI | $1,702,327 | $1,105,490 |
American Legion Spicer, MN | $956,184 | $1,720,277 |
Veterans Of Foreign Wars Department Of Minnesota Blaine, MN | $820,954 | $1,280,331 |
Veterans Of Foreign Wars Dept Of Minnesota Monticello, MN | $968,617 | $1,496,186 |
American Legion Chanhassen, MN | $1,138,571 | $1,734,499 |
Disabled Veterans Rest Camp Association Inc Marine On St Croix, MN | $1,826,999 | $1,185,240 |
American Legion St Paul, MN | $3,937,900 | $1,356,334 |