266 Frederick Dempsey FY2019 filing

Tax-deductible

Neptune, NJ501(c)(19)EIN 22-6173253Revenue $93K in FY2019

On file with the IRSnjamericanlegionpost266.org240 Drummond Ave, 07753-4714 · Neptune, NJTax-exempt since Mar 1946

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Provide college scholarships to children of veterans, provide food, clothing and rental assistance to veterans in need

501(c)(19) charity; gifts are tax-deductible.
32¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$55K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93K
Spent
$108K
To programs
32%
Net assets
$54K
By yearFY2019–FY2023
Revenue
$93K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$93K
FY2020$50K
FY2021$102K
FY2022$315K
FY2023$203K
Expenses
$108K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$108K
FY2020$63K
FY2021$115K
FY2022$204K
FY2023$262K
Net assets
$54K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$54K
FY2020$41K
FY2021$29K
FY2022$139K
FY2023$81K

From the FY2019 Form 990 · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 1946.

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

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $35K Management & general 68% · $73K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Commander
$0Pt VII · Sec A
First Vice Commander
$0Pt VII · Sec A
2nd Vice Commander
$0Pt VII · Sec A
Judge Advocate
$0Pt VII · Sec A
$0Pt VII · Sec A
Seargent of Arms
$0Pt VII · Sec A
Historian
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
See 266 Frederick Dempsey 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Gives college scholarships to veteran children and helps veterans with food, clothing, and rent.

Provided by the organization

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1 program · in their own filed words · FY2019
01

College Scholarship for Chldren of Veterans

Pt IX · col B

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$93K
Ln 12
Other incomeLn 4–11$93K
Money outPt IX
$108K
Ln 25
Programscol B$35K
Managementcol C$73K
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$109K
LiabilitiesLn 26$55K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$93K
Total revenueLn 12$93K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$70K
Total assetsLn 16$109K
LiabilitiesLn 26$55K
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$45K$39K
Land, buildings, equipmentLn 10c$70K$70K
Total assetsLn 16$115K$109K
LiabilitiesLn 26$46K$55K
Net assetsLn 32$70K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$21K$21K$0$0
Payroll taxesLn 10$4K$4K$0$0
Accounting feesLn 11c$6K$6K$0$0
Advertising and promotionLn 12$238$0$238$0
Office expensesLn 13$7K$0$7K$0
OccupancyLn 16$279$0$279$0
TravelLn 17$3K$3K$0$0
Conferences, conventions and meetingsLn 19$3K$0$3K$0
InsuranceLn 23$9K$0$9K$0
Other expenses (24a–d)Ln 24$34K$255$34K$0
All other expensesLn 24e$20K$0$20K$0
Total functional expensesLn 25$108K$35K$73K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $203K$262K−$59K$81K 990 PDF
FY2022 $315K$204K$111K$139K 990 PDF
FY2021 $102K$115K−$13K$29K 990 PDF
FY2020 $50K$63K−$13K$41K 990 PDF
FY2019 Viewing $93K$108K−$15K$54K 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 FY2019 990 (6 parts)
Part I · Summary $92,875 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $153,957$92,875
I-12 Total revenuePrior year $153,957$92,875
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $26,293$24,919
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,978$83,152
I-18 Total expensesPrior year $137,271$108,071
I-19 Revenue less expensesPrior year $16,686−$15,196
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $92,875 across 1 lines filed
Lines not itemized here account for $92,875 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $92,875 · Unrelated business $0 · Excluded from tax $0$92,875
Part IX · Statement of functional expenses $108,071 across 11 lines filed
IX-7 Other salaries and wagesPrograms $20,834 · Management $0 · Fundraising $0$20,834
IX-10 Payroll taxesPrograms $4,085 · Management $0 · Fundraising $0$4,085
IX-11c Accounting feesPrograms $6,121 · Management $0 · Fundraising $0$6,121
IX-12 Advertising and promotionPrograms $0 · Management $238 · Fundraising $0$238
IX-13 Office expensesPrograms $0 · Management $6,988 · Fundraising $0$6,988
IX-16 OccupancyPrograms $0 · Management $279 · Fundraising $0$279
IX-17 TravelPrograms $3,393 · Management $0 · Fundraising $0$3,393
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $3,131 · Fundraising $0$3,131
IX-23 InsurancePrograms $0 · Management $8,599 · Fundraising $0$8,599
IX-24 Other expenses (24a–d)Programs $255 · Management $34,124 · Fundraising $0$34,379
IX-24e All other expensesPrograms $0 · Management $20,024 · Fundraising $0$20,024
IX-25 Total functional expensesPrograms $34,688 · Management $73,383 · Fundraising $0$108,071
Part X · Balance sheet $108,925 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $44,758$38,531
X-10c Land, buildings and equipment, netStart of year $70,394$70,394
X-16 Total assetsStart of year $115,152$108,925
X-17 Accounts payable and accrued expensesStart of year $10,092$19,061
X-24 Unsecured notes and loans payableStart of year $18,943$18,943
X-26 Total liabilitiesStart of year $45,597$54,566
X-32 Total net assets or fund balancesStart of year $69,555$54,359
X-33 Total liabilities and net assetsStart of year $115,152$108,925
Part XI · Reconciliation of net assets $54,359 net assets at year end
XI-1 Total revenue$92,875
XI-2 Total expenses$108,071
XI-3 Revenue less expenses−$15,196
XI-4 Net assets at start of year$69,555
XI-10 Net assets at end of year$54,359

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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