63 Sorrell-Maynard

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EIN 03-0175362 Mutual-benefit / member-serving Northfield, VT
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$350K
FY2024▲ +25%
Expenses
$238K
FY2024▲ +4%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Hosts social events and activities for veterans, their families, and guests. For fiscal year 2024 it reported $350K in revenue, $238K in expenses, and $571K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Northfield, VT
Website
americanlegion.org
Filings
5 on file (2020–2024)
Revenue
$350KFY2024
Expenses
$238K
Net assets
$571K
People
6
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Provided by the organization

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Size
$100K–1M
What they do
Hosts social events and activities for veterans, their families, and guests.
Leadership
Ric Braman · Commander
Money in and out
$350K revenue, $238K expenses
Bottom line
+32% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A post or organization of past or present members of the armed forces.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

100% to programs

100% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +25% vs prior year

Revenue band $100K–1M, +25% versus the prior filing year (up). See detail →

Reported financial activity · FY2024
Total revenue
$350K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$571K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $111K
Where spending went · Part IX cols B–D
Program services $1.00
Surplus margin
+32%
revenue over expenses, this year▲ +75% vs prior filing year
Program spending
100%
of expenses reach programs0% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$574K
FY2024▲ +24%
Total liabilities
$3K
FY2024▲ +40%
Revenue less expensesPt I · Ln 19$111K
Total assetsPt X · Ln 16$574K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item C63 Sorrell-Maynard
EINHdr · item D03-0175362
Principal addressHdr · item CNorthfield, VT
WebsiteHdr · item Jamericanlegion.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(19) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Commander
$0Pt VII · Sec A
Chaplain
$0Pt VII · Sec A
Adjunct/Hist
$0Pt VII · Sec A
$0Pt VII · Sec A
2nd Vice Com
$0Pt VII · Sec A
1st Vice Com
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $238K of program spending, described in the organization's own filed words · FY2024.
01

Maintenance of social club and events for veterans, their families, and their guests.

$218Kprogram expense
02

Support for local youth and needy children, boy scouts, community organizations, needy individuals in the community and VT american legion headquarters.

$17Kprogram expense
03

Patriotic holiday observances, maintenance of flags at cemeteries, services to veterans and their families, condolences and assistance with funerals.

$3Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$151K · 43%
Other revenue$113K · 32%
Contributions & grants$78K · 22%
Investment income$9K · 2%
Program service revenue43%$151K
Other revenue32%$113K
Contributions & grants22%$78K
Investment income2%$9K
— government grantsLn 1e$25K
Total revenueLn 12$350K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$238K
Total functional expensesLn 25$238K

Balance Sheet

Part X · end of year
CashLn 1$392K
Total assetsLn 16$574K
Total liabilitiesLn 26$3K
Total net assetsLn 32$571K
Months of cash on handcomputed19.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $392K · Operating expenses/yr $238K
19.7 months
Where the money goes
Program services
Program services $238K · Total expenses $238K
100%
Management & General
Management & general $0 · Total expenses $238K
0%
Fundraising
Fundraising $0 · Total expenses $238K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $33K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $78K · Total revenue $350K
22%
Government reliance
Government grants $25K · Total revenue $350K
7%
Earned-income share
Program service revenue $151K · Total revenue $350K
43%
Investment reliance
Investment income $9K · Total revenue $350K
+2%
Program self-sufficiency
Program service revenue $151K · Total expenses $238K
63%
Growth & trend
Revenue growth (YoY)
This year $350K · Prior year $281K
+25%
Revenue CAGR
FY2020 $102K · FY2024 $350K
+36%
Net-asset trend (YoY)
End of year $571K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $350K · Expenses $238K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $574K
—
Net-asset ratio
Net assets $571K · Total assets $574K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $574K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ric Braman · Reported title COMMANDER · Highest reported compensation $0 · Total expenses $238K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $71K · Total expenses $238K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 25%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $16K · 2020–2021
Unitemized GrantFY2021$5,250
Unitemized GrantFY2021$4,300
Unitemized GrantFY2020$3,600
Unitemized GrantFY2020$3,050

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$350K revenue · viewing · ⤓ 990 PDF
FY2023$281K revenue · ⤓ 990 PDF
FY2022$242K revenue · ⤓ 990 PDF
FY2021$150K revenue · ⤓ 990 PDF
FY2020$102K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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