82 Byron Sylvaro FY2023 filing

Tax-deductible

Nantucket, MA501(c)(19)Public & Societal BenefitEIN 04-2314148Revenue $82K in FY2023

On file with the IRSPo Box 265, 02554-0265 · Nantucket, MATax-exempt since Mar 1946

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The american legion is a fererally chartered corporation that preserves the memories and provides a meeting place for veterans of US armed services, who in turn provide services for the community.

501(c)(19) charity; gifts are tax-deductible.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $13K a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$13K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
42 mo
of spending, in cash
Looks good: 42.3 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
0
of 105 voting members
Concern: none of 105 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82K
-2% vs prior year
Spent
$66K
Net assets
$2.9M
By yearFY2019–FY2024
Revenue
$82K
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2019$124K
FY2021$75K
FY2022$84K
FY2023$82K
FY2024$75K
Expenses
$66K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2019$123K
FY2021$64K
FY2022$71K
FY2023$66K
FY2024$54K
Net assets
$2.9M
FY2023▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2019$2.9M
FY2021$2.9M
FY2022$2.9M
FY2023$2.9M
FY2024$2.9M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. 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

5 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
JR Vice Commander
$12,000Pt VII · Sec A
$640Pt VII · Sec A
Adjutant
$500Pt VII · Sec A
$0Pt VII · Sec A
SR Vice Commander
$0Pt VII · Sec A

Callie Pearce’s $10K as JR Vice Commander is at the 48th percentile of top reported officer pay among 60 <$100K public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2019
Callie Pearce$10,500$12,000$12,300$12,600$11,400
Domonic Duarte—$640$1,610$500—
Terry Norton—$500$500$500$500
Brian Legg————$500

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

Supports veterans and offers community services.

Provided by the organization

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1 program · in their own filed words · FY2023
01

The organization provides scholarships to high school students pursuing higher education and meals to in need persons in the community.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $10K · 2021–2021
Unitemized GrantFY2021$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$82K
Ln 12
Other incomeLn 4–11$56K
Gifts and grantsLn 1h$17K
Investment incomeLn 3$9K
Money outPt IX
$66K
Ln 25
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$232K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a105
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Investment incomeLn 3$9K
Other incomeLn 4–11$56K
Gains on assetsLn 7$8K
Total revenueLn 12$82K
Assets in detailPt X, end of year
CashLn 1$43K
SavingsLn 2$188K
Cash and savings togetherLn 1–2$232K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$216K$232K
Land, buildings, equipmentLn 10c$2.7M$2.7M
Total assetsLn 16$2.9M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.9M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K
Grants to domestic individualsLn 2$14K
Benefits paid to or for membersLn 4$900
Pay of current officers, directors and key staffLn 5$13K
Other salaries and wagesLn 7$13K
Legal feesLn 11b$1K
Accounting feesLn 11c$13K
Other fees for servicesLn 11g$3K
Office expensesLn 13$3K
TravelLn 17$477
Total functional expensesLn 25$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $75K$54K$21K$2.9M 990 PDF
FY2023 Viewing $82K$66K$17K$2.9M 990 PDF
FY2022 $84K$71K$12K$2.9M 990 PDF
FY2021 $75K$64K$12K$2.9M 990 PDF
FY2020 Not on file
FY2019 $124K$123K$1K$2.9M 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 FY2023 990 (6 parts)
Part I · Summary $82,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,078$17,278
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,990$8,757
I-11 Other revenuePrior year $64,909$56,396
I-12 Total revenuePrior year $83,977$82,431
I-13 Grants and similar amounts paidPrior year $13,800$18,933
I-14 Benefits paid to members$900
I-15 Salaries and benefitsPrior year $24,945$25,830
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,750$20,073
I-18 Total expensesPrior year $71,495$65,736
I-19 Revenue less expensesPrior year $12,482$16,695
Part VI · Governance 0 of 105 board members independent, 4 to look at
VI-1a Voting members of the governing body105
VI-1b Independent voting members0
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 $82,431 across 8 lines filed
VIII-1b Membership dues$1,460
VIII-1f All other contributions, gifts and grants$15,818
VIII-1h Total contributions, gifts and grants$17,278
VIII-3 Investment incomeExcluded from tax $1,101$1,101
VIII-6 Net rental income or lossExcluded from tax $63,462$63,462
VIII-7 Net gain or loss on sales of assetsRelated to mission $7,656$7,656
VIII-8 Net income from fundraising eventsExcluded from tax −$7,066−$7,066
VIII-12 Total revenueRelated to mission $7,656 · Excluded from tax $57,497$82,431
Part IX · Statement of functional expenses $65,736 across 10 lines filed
IX-1 Grants to domestic organizations$4,433
IX-2 Grants to domestic individuals$14,500
IX-4 Benefits paid to or for members$900
IX-5 Pay of current officers, directors and key staff$13,140
IX-7 Other salaries and wages$12,690
IX-11b Legal fees$1,200
IX-11c Accounting fees$12,946
IX-11g Other fees for services$2,546
IX-13 Office expenses$2,904
IX-17 Travel$477
IX-25 Total functional expenses$65,736
Part X · Balance sheet $2,895,185 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $13,342$43,456
X-2 Savings and temporary cash investmentsStart of year $202,930$188,373
X-8 Inventories for sale or useStart of year $4,118$5,256
X-10c Land, buildings and equipment, netStart of year $2,658,100$2,658,100
X-16 Total assetsStart of year $2,878,490$2,895,185
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,878,490$2,895,185
X-33 Total liabilities and net assetsStart of year $2,878,490$2,895,185
Part XI · Reconciliation of net assets $2,895,185 net assets at year end
XI-1 Total revenue$82,431
XI-2 Total expenses$65,736
XI-3 Revenue less expenses$16,695
XI-4 Net assets at start of year$2,878,490
XI-10 Net assets at end of year$2,895,185

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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