American Legion Post 5
- Assets
- $433.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Nashville, TN
- Founding
- 07/1945
- Data as of
- 06/2024
- 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 06/2024, 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 06/2024, Nashville Post No 5 Suite G-26 generated $46.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $57.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
VETERANS 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 |
|---|---|---|---|
Bobby Reynolds Adjutant | 5 | $0 | |
Carl Stasiunas Former Commander, Trustee | 1 | $0 | |
Eric Grasman Trustee, Executive Committee Member | 1 | $0 | |
Albert Stockell Finance Officer, Trustee | 5 | $0 | |
John Frazier Executive Committee Member | 1 | $0 | |
Phil Mcgovern Executive Committee Member, Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,150 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,486 |
| Investment income | $22,976 |
| Gain or Loss | $9,043 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $66 |
| Total Revenue | $46,721 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $246 |
| Salaries, other compensation, and employee benefits | $26,855 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,435 |
| Other expenses | $25,372 |
| Total expenses | $57,408 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $353,561 |
| Other assets | $0 |
| Total assets | $432,995 |
| Total liabilities | $79,962 |
| Net assets or fund balances | $353,033 |