0013 Bennington INC FY2022 filing

Tax-deductible

Bennington, VT501(c)(19)EIN 03-6016536Revenue $219K in FY2022

On file with the IRS225 Northside Dr, 05201-1724 · Bennington, VTTax-exempt since Mar 1946

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Promote americanism & comradeship

501(c)(19) charity; gifts are tax-deductible.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $18K a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$219K
+6% vs prior year
Spent
$214K
To programs
0%
Net assets
$454K
By yearFY2020–FY2024
Revenue
$219K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$109K
FY2021$206K
FY2022$219K
FY2023$233K
FY2024$287K
Expenses
$214K
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$167K
FY2022$214K
FY2023$244K
FY2024$247K
Net assets
$454K
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$447K
FY2021$551K
FY2022$454K
FY2023$505K
FY2024$557K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
$18,343Pt VII · Sec A
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
1st Vice Comm
$0Pt VII · Sec A
Service Officer
$0Pt VII · Sec A
2nd Vice Comm
$0Pt VII · Sec A
Sergeant at Arm
$0Pt VII · Sec A
Chaplain
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steve Greenslet$26,709$26,264$18,343$9,029$7,293

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters patriotism and fellowship among Americans.

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Provided by the organization

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2 programs · $17K · in their own filed words · FY2022
01

Veteran and Member Benefits

The legion provides bands, entertainment, dinners, lunches and program activities to its members and veterans in the vermont veterans home to promote comradership.

$13Kprogram expense
02

Baseball

The legion sponsors a baseball team allowing players from surrounding towns to participate in the state of vermont american legion baseball program.

$4Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$219K
Ln 12
Other incomeLn 4–11$175K
Gifts and grantsLn 1h$18K
Investment incomeLn 3$17K
Money outPt IX
$214K
Ln 25
Owns and owesPt X
$454K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$459K
LiabilitiesLn 26$5K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Government grantsLn 1e$5K
Fees for servicesLn 2g$8K
Investment incomeLn 3$17K
Other incomeLn 4–11$175K
Gains on assetsLn 7$13K
Total revenueLn 12$219K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$0
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$350K
Land, buildings, equipmentLn 10c$54K
Other assetsLn 15$8K
Total assetsLn 16$459K
LiabilitiesLn 26$5K
Net assetsLn 32$454K
OperationsPt I, VI
EmployeesI 510
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$61K$45K
InvestmentsLn 11–13$439K$350K
Land, buildings, equipmentLn 10c$49K$54K
Total assetsLn 16$561K$459K
LiabilitiesLn 26$10K$5K
Net assetsLn 32$551K$454K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$18K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$47K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$4K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K
Office expensesLn 13$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$21K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$223
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$15K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$43K
All other expensesLn 24e$39K
Total functional expensesLn 25$214K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $287K$247K$40K$557K 990 PDF
FY2023 $233K$244K−$11K$505K 990 PDF
FY2022 Viewing $219K$214K$5K$454K 990 PDF
FY2021 $206K$167K$39K$551K 990 PDF
FY2020 $109K$447K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $218,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,186$18,042
I-9 Program service revenuePrior year $16,720$8,031
I-10 Investment incomePrior year $32,653$17,499
I-11 Other revenuePrior year $143,332$175,422
I-12 Total revenuePrior year $205,891$218,994
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,825$71,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $120,532$142,092
I-18 Total expensesPrior year $167,357$214,082
I-19 Revenue less expensesPrior year $38,534$4,912
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $218,994 across 12 lines filed
Lines not itemized here account for $161,128 of total revenue; see the IRS return.
VIII-1b Membership dues$9,791
VIII-1e Government grants$5,213
VIII-1f All other contributions, gifts and grants$3,038
VIII-1h Total contributions, gifts and grants$18,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,031$8,031
VIII-3 Investment incomeExcluded from tax $4,365$4,365
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $4,177$4,177
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,134$13,134
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,117$10,117
VIII-12 Total revenueRelated to mission $183,453 · Excluded from tax $17,499$218,994
Part IX · Statement of functional expenses $214,082 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$18,343
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$47,414
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$6,233
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$1,725
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$4,375
IX-11g Other fees for services$0
IX-12 Advertising and promotion$1,925
IX-13 Office expenses$3,879
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$20,903
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$223
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$15,057
IX-23 Insurance$11,269
IX-24 Other expenses (24a–d)$43,405
IX-24e All other expenses$39,331
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$214,082
Part X · Balance sheet $459,493 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $61,453$44,552
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $2,880$3,142
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $49,284$53,785
X-11 Publicly traded securitiesStart of year $438,979$350,138
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $8,158$7,876
X-16 Total assetsStart of year $560,754$459,493
X-17 Accounts payable and accrued expensesStart of year $907$1,019
X-24 Unsecured notes and loans payableStart of year $8,113$3,848
X-25 Other liabilitiesStart of year $568$514
X-26 Total liabilitiesStart of year $9,588$5,381
X-27 Net assets without donor restrictionsStart of year $551,166$454,112
X-32 Total net assets or fund balancesStart of year $551,166$454,112
X-33 Total liabilities and net assetsStart of year $560,754$459,493
Part XI · Reconciliation of net assets $454,112 net assets at year end
XI-1 Total revenue$218,994
XI-2 Total expenses$214,082
XI-3 Revenue less expenses$4,912
XI-4 Net assets at start of year$551,166
XI-5 Net unrealized gains (losses) on investments−$101,966
XI-10 Net assets at end of year$454,112

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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