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1 Raleigh Post INC FY2023 filing

Not tax-deductible

Raleigh, NC501(c)(19)Mutual / membership EIN 20-8998702Revenue $177K in FY2023Latest return filed Oct 10, 2025

On file with the IRSRaleigh, NCTax-exempt since Mar 1946

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Our mission is Military Veterans. We vow to defend the constitution, promote Americanism, foster comradeship, acquire, sell and or lease property, to enhance the lives of our Military Veterans.

501(c)(19) veterans' organization; gifts are not tax-deductible as charitable contributions.
21¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $297K a year · 27% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
21%
of spending
Concern: 21% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.4 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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$177K
Spent
$42K
To programs
21%
Net assets
$2.3M
By yearFY2023–FY2025
Revenue
$177K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$177K
FY2024$3.2M
FY2025$12K
Expenses
$42K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$42K
FY2024$2.3M
FY2025$87K
Net assets
$2.3M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$2.3M
FY2024$3.3M
FY2025$3.3M

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

21 cents of each dollar spent went to programs.

Program services 21% · $9K Management & general 79% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Greg Trapp
Commander
$0Pt VII · Sec A
Dr Sean Van Pallandt
1st Vice Commander
$0Pt VII · Sec A
Wayne Bostick
2nd Vice Commander
$0Pt VII · Sec A
Bob Allen
3rd Vice Commander
$0Pt VII · Sec A
Roy Durham SR
Finance Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Ken Melvin
Director at Large
$0Pt VII · Sec A
John Maynard
Director at Large
$0Pt VII · Sec A
See 1 Raleigh Post INC executive salaries →

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 15aYes

Programs and updates

Defends the constitution, promotes Americanism, and enhances veterans' lives through property and comradeship.

Questions for 1 Raleigh Post INC

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Your first name shows with your question. 1 Raleigh Post INC answers here, for everyone.

1 program · $11K · in their own filed words · FY2022
01

Offer caretaker services, supplies and other services for needy veterans.

$11Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$177K
Ln 12
Fees for servicesLn 2g$130K
Gifts and grantsLn 1h$47K
Investment incomeLn 3$88
Money outPt IX
$42K
Ln 25
Programscol B$9K
Managementcol C$33K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$130K
Investment incomeLn 3$88
Total revenueLn 12$177K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$57K
Cash and savings togetherLn 1–2$68K
Notes and loans receivableLn 7$124K
Land, buildings, equipmentLn 10c$2.0M
Intangible assetsLn 14$122K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$62K$68K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$2.2M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
TravelLn 17$2K$2K
Payments to affiliatesLn 21$5K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$9K$7K$2K
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$42K$9K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 10, 2025 $12K$87K−$75K$3.3M 990 PDF
FY2024Filed with the IRS Sep 30, 2024 $3.2M$2.3M$833K$3.3M 990 PDF
FY2023 ViewingFiled with the IRS Oct 13, 2023 $177K$42K$134K$2.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $176,763 revenue, 12 lines filed
I-8 Contributions and grants$46,675
I-9 Program service revenue$130,000
I-10 Investment income$88
I-11 Other revenue$0
I-12 Total revenue$176,763
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$42,348
I-18 Total expenses$42,348
I-19 Revenue less expenses$134,415
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $176,763 across 6 lines filed
VIII-1b Membership dues$4,063
VIII-1f All other contributions, gifts and grants$42,612
VIII-1h Total contributions, gifts and grants$46,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $130,000$130,000
VIII-3 Investment incomeRelated to mission $88$88
VIII-12 Total revenueRelated to mission $320,088$176,763
Part IX · Statement of functional expenses $42,348 across 5 lines filed
IX-17 TravelPrograms $2,163$2,163
IX-21 Payments to affiliatesManagement $5,220$5,220
IX-23 InsuranceManagement $3,703$3,703
IX-24 Other expenses (24a–d)Programs $6,821 · Management $2,269$9,090
IX-24e All other expensesManagement $22,172$22,172
IX-25 Total functional expensesPrograms $8,984 · Management $33,364 · Fundraising $0$42,348
Part X · Balance sheet $2,333,711 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,134$11,362
X-2 Savings and temporary cash investmentsStart of year $56,897$57,053
X-7 Notes and loans receivableStart of year $500$124,116
X-10c Land, buildings and equipment, netStart of year $2,148,923$2,018,923
X-14 Intangible assets$122,257
X-16 Total assetsStart of year $2,211,454$2,333,711
X-26 Total liabilitiesStart of year $0$0
X-30 Paid-in or capital surplusStart of year $2,148,923$2,148,923
X-31 Retained earnings or endowmentStart of year $62,531$184,788
X-32 Total net assets or fund balancesStart of year $2,211,454$2,333,711
X-33 Total liabilities and net assetsStart of year $2,211,454$2,333,711
Part XI · Reconciliation of net assets $2,333,711 net assets at year end
XI-1 Total revenue$176,763
XI-2 Total expenses$42,348
XI-3 Revenue less expenses$134,415
XI-4 Net assets at start of year$2,211,454
XI-8 Prior period adjustments−$12,158
XI-10 Net assets at end of year$2,333,711

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

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