American Gold Star Home
- Assets
- $15.8m
- Revenue
- $623.7k
- Investments
- $9.7m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 05/1961
- Data as of
- 12/2021
- EIN
- 95-2073905
Organization Overview
American Gold Star Home is located in Long Beach, CA. The organization was established in 1961. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Gold Star Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Gold Star Home generated $623.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $864.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AMERICAN GOLD STAR MANOR AND AMERICAN GOLD STAR MOTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORT AND BENEFITS TO TWO CHARITABLE CORPORATIONS, AMERICAN GOLD STAR MANOR, WHICH PROVIDES LOW COST HOUSING TO FAMILIES OF SERVICEMEN AND LOWER INCOME FAMILIES, AND AMERICAN GOLD STAR MOTHERS, INC., WHICH SUPPORTS MOTHERS WHO HAVE LOST A CHILD IN SERVICE TO OUR COUNTRY. SUPPORT IS PROVIDED THROUGH GRANTS GIVEN TO THE ORGANIZATIONS, RECREATIONAL PROGRAMS PUT ON FOR INDIVIDUALS LIVING IN THE APARTMENTCOMPLEX, AND MAINTENANCE OF THE PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Bergman CFO | 8 | $32,584 | |
Glen Patrick President & CEO | 6 | $27,701 | |
Febien Lijiam Ghebreyesus Treasurer | 2.5 | $0 | |
Jo Ann Maitland Trustee | 1 | $0 | |
Steven Kuykendall Treasurer (thru 1/21) | 2.5 | $0 | |
Diane Jacobus Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,986 |
| Interest on Savings | $58 |
| Dividends & Interest | $232,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $366,810 |
| Capital Gain Net Income | $372,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $623,721 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,597 |
| Other employee salaries and wages | $63,756 |
| Pension plans, employee benefits | $50,161 |
| Interest | $0 |
| Taxes | $38,607 |
| Depreciation | $208,504 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,031 |
| Printing and publications | $0 |
| Other expenses | $215,921 |
| Total operating and administrative expenses | $796,049 |
| Contributions, gifts, grants paid | $68,269 |
| Total expenses and disbursements | $864,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $301,716 |
| Net Accounts receivable | $5,827 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,977 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,098 |
| Net Land, buildings, and equipment | $5,704,525 |
| Other assets | $111,414 |
| Total assets | $15,817,424 |
| Accounts payable and accrued expenses | $95,507 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $18,571 |
| Total liabilities | $114,078 |
Grants Awarded
Over the last fiscal year, American Gold Star Home has awarded $68,269 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $48,769 |
Washington, DC PURPOSE: GIVING GRACE FUND | $19,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Gold Star Home has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Albert J Crosson Family Foundation Villa Park, CA PURPOSE: GENERAL OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dyno Nobel Inc & Distributors Veba 2 Phoenix, AZ | $2,671,529 | $20,358,521 |
Luso-American Financial A Fraternal Benefit Society Dublin, CA | $136,150,844 | $14,039,396 |
Portuguese Fraternal Society Of America Modesto, CA | $149,922,500 | $13,670,084 |
Hawaii Masons Vacation And Holiday Trust Fund Honolulu, HI | $7,375,803 | $7,343,347 |
Ancient Free & Accepted Masons Of Oregon Grand Lodge Forest Grove, OR | $20,779,565 | $4,514,627 |
Independent Order Of Odd Fellows San Jose, CA | $27,954,687 | $1,196,940 |
Elks Youth Eye Service Portland, OR | $64,197,376 | $5,570,130 |
Benevolent & Protective Order Of Elks Of The Usa Palo Alto, CA | $23,551,721 | $1,271,838 |
Independent Order Of Odd Fellows Gilroy, CA | $23,232,958 | $2,466,273 |
American Gold Star Home Long Beach, CA | $15,817,424 | $623,721 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $4,666,676 | $781,201 |
Vacaville Masonic Hall Association Vacaville, CA | $7,433 | $749,517 |