265 Acushnet INC FY2020 filing

Tax-deductible

Acushnet, MA501(c)(19)EIN 04-2121763Revenue $44K in FY2020

On file with the IRS71 Hope St, 02743-2752 · Acushnet, MATax-exempt since Mar 1946

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Veterans organizaton

501(c)(19) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $36K a year · 18% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 34.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
50
of 50 voting members
Looks good: 50 of 50 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
Spent
$95K
To programs
100%
Net assets
$417K
By yearFY2020–FY2024
Revenue
$44K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$156K
FY2022$197K
FY2023$301K
FY2024$300K
Expenses
$95K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$139K
FY2022$195K
FY2023$192K
FY2024$199K
Net assets
$417K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$417K
FY2021$434K
FY2022$485K
FY2023$603K
FY2024$702K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $95K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Adjujant
$0Pt VII · Sec A
Sargeant at Arms
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
See 265 Acushnet INC executive salaries →

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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

265 Acushnet INC is a member-serving organization based in Acushnet, MA.

Questions for 265 Acushnet INC

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Provided by the organization

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1 program · $95K · in their own filed words · FY2020
01

Liquor sales, hall rental entertainment

$95Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Other incomeLn 4–11$42K
Gifts and grantsLn 1h$1K
Investment incomeLn 3$747
Money outPt IX
$95K
Ln 25
Programscol B$95K
Owns and owesPt X
$417K
net assets · Ln 32
Cash and savingsLn 1–2$273K
Total assetsLn 16$417K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a50
IndependentVI 1b50
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Investment incomeLn 3$747
Other incomeLn 4–11$42K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$270K
Cash and savings togetherLn 1–2$273K
Land, buildings, equipmentLn 10c$139K
Total assetsLn 16$417K
LiabilitiesLn 26$0
Net assetsLn 32$417K
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$310K$273K
Land, buildings, equipmentLn 10c$153K$139K
Total assetsLn 16$467K$417K
LiabilitiesLn 26$0$0
Net assetsLn 32$467K$417K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$18K$18K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$141$141
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$35K$35K
Total functional expensesLn 25$95K$95K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $300K$199K$101K$702K 990 PDF
FY2023 $301K$192K$110K$603K 990 PDF
FY2022 $197K$195K$2K$485K 990 PDF
FY2021 $156K$139K$17K$434K 990 PDF
FY2020 Viewing $44K$95K−$51K$417K 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 FY2020 990 (6 parts)
Part I · Summary $44,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239$1,264
I-9 Program service revenue$0
I-10 Investment incomePrior year $858$747
I-11 Other revenuePrior year $222,216$42,029
I-12 Total revenuePrior year $223,313$44,040
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $82,041$20,161
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $104,585$74,679
I-18 Total expensesPrior year $186,626$94,840
I-19 Revenue less expensesPrior year $36,687−$50,800
Part VI · Governance 50 of 50 board members independent, 4 to look at
VI-1a Voting members of the governing body50
VI-1b Independent voting members50
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $44,040 across 5 lines filed
Lines not itemized here account for $38,949 of total revenue; see the IRS return.
VIII-1b Membership dues$1,264
VIII-1h Total contributions, gifts and grants$1,264
VIII-3 Investment incomeRelated to mission $747$747
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,080$3,080
VIII-12 Total revenueRelated to mission $42,776 · Unrelated business $0 · Excluded from tax $0$44,040
Part IX · Statement of functional expenses $94,840 across 8 lines filed
IX-7 Other salaries and wagesPrograms $18,211$18,211
IX-10 Payroll taxesPrograms $1,950$1,950
IX-11c Accounting feesPrograms $1,130$1,130
IX-13 Office expensesPrograms $141$141
IX-22 Depreciation, depletion and amortizationPrograms $28,649$28,649
IX-23 InsurancePrograms $8,082$8,082
IX-24 Other expenses (24a–d)Programs $1,295$1,295
IX-24e All other expensesPrograms $35,382$35,382
IX-25 Total functional expensesPrograms $94,840 · Management $0 · Fundraising $0$94,840
Part X · Balance sheet $416,687 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $50,281$3,615
X-2 Savings and temporary cash investmentsStart of year $260,136$269,840
X-8 Inventories for sale or useStart of year $4,138$4,138
X-10c Land, buildings and equipment, netStart of year $152,932$139,094
X-16 Total assetsStart of year $467,487$416,687
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $467,487$416,687
X-33 Total liabilities and net assetsStart of year $467,487$416,687
Part XI · Reconciliation of net assets $416,687 net assets at year end
XI-1 Total revenue$44,040
XI-2 Total expenses$94,840
XI-3 Revenue less expenses−$50,800
XI-4 Net assets at start of year$467,487
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$416,687

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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