American Legion
- Assets
- $541.6k
- Revenue
- $378.4k
- Investments
- $0.0
- Employees
- 28
- Location
- Bradenton, FL
- Founding
- 10/1951
- Data as of
- 06/2024
- EIN
- 59-0566720
Organization Overview
American Legion is located in Bradenton, FL. The organization was established in 1951. 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 06/2024, American Legion employed 28 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 06/2024, American Legion generated $378.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $399.7k during the year ending 06/2024. While expenses have increased by 9.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION EXISTS FOR VETERANS AND THEIR FAMILIES. TO HONOR AND SUPPORT ALL VETERANS WHO HAVE SERVED THEIR COUNTRY. TO PROVIDE VETERANS ASSISTANCE ALONG WITH A FAMILY SUPPORT NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOUNGE AND KITCHEN ARE THE LARGEST INCOME AND EXPENSE PROGRAM SERVICES WITHIN THE ORGANIZATION. THESE EXEMPT SERVICES ARE OFFERED TO MEMBERS ON A DAILY BASIS. THE LOUNGE OFFERS MEMBERS AN ARRAY OF BEVERAGES AND A FEW SNACK OPTIONS WHILE THE KITCHEN SERVES A WIDE VARIETY OF MENU OPTIONS WITH DAILY LUNCH AND DINNER SPECIALS.
THE ORGANIZATION CONDUCTS ACTIVITIES DEEMED UNRELATED BUSINESS INCOME. THESE ACTIVITIES ARE SEPARATELY STATED ON FORM 990-T. IN COMBINATION, THE ACTIVITIES GENERATED A GROSS PROFIT OF $196,266 WITH COORDINATING EXPENSES BEFORE INCOME TAX OF $116,694.FUNDS RESULTING IN OVERALL NON-DEDUCTIBLE NET LOSS TOTALED $12,312.
ALL OTHER PROGRAM SERVICES CONSISTED OF MEMBERSHIP FUNDS RECEIVED BY THE ORGANIZATION USED TO FUND THE EXEMPT PURPOSE AND OPERATIONS OF THE ORGANIZATION. THIS EXEMPT PURPOSE IS TO PROVIDE VETERANS ASSISTANCE ALONG WITH A FAMILY SUPPORT NETWORK. THIS IS ACCOMPLISHED THROUGH HONORING AND SUPPORTING ALL VETERANS WHO HAVE SERVED THEIR COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy C Watters Adjutant | Officer | 30 | $27,250 |
Ed Padilla Post Srv Officer | Officer | 30 | $0 |
Charlie Magnus Finance Officer | Officer | 30 | $0 |
John Rauh Commander | Officer | 30 | $0 |
Fran Molineux 1st Vice Commander | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,031 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,031 |
| Total Program Service Revenue | $0 |
| Investment income | $9,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,816 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $204,410 |
| Net Income from Sales of Inventory | $67,974 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,655 |
| Grants and other assistance to domestic individuals. | $7,902 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,939 |
| Advertising and promotion | $1,150 |
| Office expenses | $15,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,544 |
| Insurance | $31,674 |
| All other expenses | $123,617 |
| Total functional expenses | $399,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,170 |
| Savings and temporary cash investments | $226,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,781 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $200,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $541,648 |
| Accounts payable and accrued expenses | $3,045 |
| 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 | $12,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,234 |
| Total liabilities | $33,307 |
| Net assets without donor restrictions | $476,572 |
| Net assets with donor restrictions | $31,769 |
| 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 | $541,648 |
Grants Awarded
Over the last fiscal year, American Legion has awarded $42,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SMART PURPOSE: Special needs assistance | $6,000 |
SARASOTA NATIONAL CEMETERY INC PURPOSE: Wreaths for fallen veterans grave sites | $5,000 |
SPECIAL OLYMPICS FLORIDA INC PURPOSE: Special needs assistance | $5,000 |
KIRBY STEWART POST 24 INC PURPOSE: Veterans and families assistance | $5,000 |
SMART PURPOSE: Special needs assistance | $6,000 |
SARASOTA NATIONAL CEMETERY INC PURPOSE: Wreaths for fallen veterans grave sites | $5,000 |