American Legion
- Assets
- $415.7k
- Revenue
- $284.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Palmer, AK
- Founding
- 07/1940
- Data as of
- 06/2021
- EIN
- 92-6002832
Organization Overview
American Legion is located in Palmer, AK. The organization was established in 1940. 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, American Legion employed 4 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 06/2021, American Legion generated $284.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $255.7k during the year ending 06/2021. While expenses have increased by 8.3% 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
THIS FACILITY IS FOR MEMBERS AND THEIR FAMILIES TO SOCIALIZE AND HOLD EVENTS IN HONOR OF AND TO MEMORIALIZE OUR COUNTRYS VETERANS. BENEFICIARIES ARE APPROXIMATELY 10,000.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATANUSKA VALLEY POST 15 AMERICAN LEGIONS MAIN EXEMPT PURPOSE IS TO PROVIDE A FACILITY THAT PROMOTES THE MEMORIALIZATION OF U.S. VETERANS. THE FACILITY IS FOR MEMBERS AND THEIR FAMILIES TO SOCIALIZE AND HOLD EVENTS TO HONOR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Wright President/commander | OfficerTrustee | 5 | $0 |
Gordon Korell 1st Vice/director | OfficerTrustee | 5 | $0 |
Jerome Berge Treasurer/finance | OfficerTrustee | 5 | $0 |
Donald Maupin 2nd Vice/secretary | OfficerTrustee | 20 | $0 |
William Kennedy Director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,170 |
| Investment income | $21 |
| 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 | $8,161 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,093 |
| 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 | $4,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,277 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,000 |
| Advertising and promotion | $435 |
| Office expenses | $1,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,720 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,773 |
| All other expenses | $0 |
| Total functional expenses | $255,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,816 |
| Savings and temporary cash investments | $534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,686 |
| 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 | $19,600 |
| Other liabilities | $8,669 |
| Total liabilities | $28,269 |
| 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 | $387,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Legion Lacey, WA | $2,218,551 | $1,767,008 |
Veterans Of Foreign Wars Of The United States Dept Of Washington Fife, WA | $2,208,423 | $1,076,426 |
Clark County Veterans Assistance Center Vancouver, WA | $366,662 | $1,091,448 |
United States Submarine Veterans Inc Silverdale, WA | $2,673,894 | $953,202 |
American Legion Anchorage, AK | $1,414,049 | $590,510 |
American Legion Vancouver, WA | $1,528,403 | $594,912 |
American Legion Anchorage, AK | $2,011,858 | $626,445 |
Wear Blue Run To Remember Tacoma, WA | $684,491 | $728,424 |
American Legion Kodiak, AK | $959,936 | $449,683 |
American Legion Wasilla, AK | $193,423 | $496,772 |
American Legion Anchorage, AK | $2,867,436 | $511,154 |
Department Of Alaska Veterans Of Foreign Wars Of The United States Wasilla, AK | $927,151 | $448,499 |