266 Frederick Dempsey FY2022 filing

Tax-deductible

Neptune, NJ501(c)(19)EIN 22-6173253Revenue $315K in FY2022

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.
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

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
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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 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
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$315K
+209% vs prior year
Spent
$204K
To programs
100%
Net assets
$139K
By yearFY2019–FY2023
Revenue
$315K
FY2022▲ +209%
Tap a bar for its year
Revenue by fiscal year
FY2019$93K
FY2020$50K
FY2021$102K
FY2022$315K
FY2023$203K
Expenses
$204K
FY2022▲ +78%
Tap a bar for its year
Expenses by fiscal year
FY2019$108K
FY2020$63K
FY2021$115K
FY2022$204K
FY2023$262K
Net assets
$139K
FY2022▲ +388%
Tap a bar for its year
Net assets by fiscal year
FY2019$54K
FY2020$41K
FY2021$29K
FY2022$139K
FY2023$81K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

100 cents of each dollar spent went to programs.

Program services 100% · $204K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Commander
$0Pt VII · Sec A
1st Vice Cmd
$0Pt VII · Sec A
$0Pt VII · Sec A
Finance Offi
$0Pt VII · Sec A
Chaplain
$0Pt VII · Sec A
Service Offi
$0Pt VII · Sec A
Judge Advoca
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

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

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Provided by the organization

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1 program · in their own filed words · FY2022
01

College scholarships for children of veterans

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$315K
Ln 12
Other incomeLn 4–11$306K
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$2K
Money outPt IX
$204K
Ln 25
Programscol B$204K
Owns and owesPt X
$139K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$139K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$2K
Investment incomeLn 3$11
Other incomeLn 4–11$306K
Total revenueLn 12$315K
Assets in detailPt X, end of year
CashLn 1$61K
Cash and savings togetherLn 1–2$61K
Land, buildings, equipmentLn 10c$79K
Total assetsLn 16$139K
LiabilitiesLn 26$0
Net assetsLn 32$139K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$4K$61K
Land, buildings, equipmentLn 10c$70K$79K
Total assetsLn 16$75K$139K
LiabilitiesLn 26$46K$0
Net assetsLn 32$29K$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$37K$37K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$3K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$13K$13K
OccupancyLn 16$27K$27K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$77K$77K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$204K$204K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $203K$262K−$59K$81K 990 PDF
FY2022 Viewing $315K$204K$111K$139K 990 PDF
FY2021 $102K$115K−$13K$29K 990 PDF
FY2020 $50K$63K−$13K$41K 990 PDF
FY2019 $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 FY2022 990 (6 parts)
Part I · Summary $315,141 revenue, 12 lines filed
I-8 Contributions and grants$7,617
I-9 Program service revenue$1,504
I-10 Investment income$11
I-11 Other revenuePrior year $101,973$306,009
I-12 Total revenuePrior year $101,973$315,141
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,372$39,530
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $111,521$164,730
I-18 Total expensesPrior year $114,893$204,260
I-19 Revenue less expensesPrior year −$12,920$110,881
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $315,141 across 5 lines filed
Lines not itemized here account for $306,009 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$7,617
VIII-1h Total contributions, gifts and grants$7,617
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,504$1,504
VIII-3 Investment incomeRelated to mission $11$11
VIII-12 Total revenueRelated to mission $307,524$315,141
Part IX · Statement of functional expenses $204,260 across 11 lines filed
IX-7 Other salaries and wagesPrograms $36,721$36,721
IX-10 Payroll taxesPrograms $2,809$2,809
IX-11b Legal feesPrograms $3,038$3,038
IX-12 Advertising and promotionPrograms $1,790$1,790
IX-13 Office expensesPrograms $12,621$12,621
IX-16 OccupancyPrograms $26,592$26,592
IX-17 TravelPrograms $1,357$1,357
IX-22 Depreciation, depletion and amortizationPrograms $9,283$9,283
IX-23 InsurancePrograms $21,201$21,201
IX-24 Other expenses (24a–d)Programs $77,101$77,101
IX-24e All other expensesPrograms $11,747$11,747
IX-25 Total functional expensesPrograms $204,260 · Management $0 · Fundraising $0$204,260
Part X · Balance sheet $139,431 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $4,125$60,727
X-10c Land, buildings and equipment, netStart of year $70,394$78,704
X-16 Total assetsStart of year $74,519$139,431
X-26 Total liabilitiesStart of year $45,969$0
X-32 Total net assets or fund balancesStart of year $28,550$139,431
X-33 Total liabilities and net assetsStart of year $74,519$139,431
Part XI · Reconciliation of net assets $139,431 net assets at year end
XI-1 Total revenue$315,141
XI-2 Total expenses$204,260
XI-3 Revenue less expenses$110,881
XI-4 Net assets at start of year$28,550
XI-10 Net assets at end of year$139,431

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

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