Thompson Memorial Assoc FY2020 filing

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Formed as a supporting organization for the American Legion Post 243 in order to provide funds to further the overall goals of the post. Thompson Memorial operates the social club provided for member veterans. The funds generated are donated to the American Legion or used to better the local community, schools, etc

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
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 $8K a year · 2% 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
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
Spent
$233K
To programs
100%
Net assets
$100K
By yearFY2020–FY2024
Revenue
$205K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$205K
FY2021$403K
FY2022$419K
FY2023$477K
FY2024$498K
Expenses
$233K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$376K
FY2022$404K
FY2023$469K
FY2024$483K
Net assets
$100K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$100K
FY2021$128K
FY2022$142K
FY2023$151K
FY2024$166K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Apr 2015.

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% · $233K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
See Thompson Memorial Assoc 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

Supports veterans' activities and community projects through fundraising and operating a social club.

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Provided by the organization

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1 program · $233K · in their own filed words · FY2020
01

Donations to American Legion Post 243 for furtherance of the Legions mission, donations to community organizartions, donations to Club members and for Community events - Holiday parties, turkey hunts, etc

$233Kprogram expense

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 · $52K · 2024–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Fees for servicesLn 2g$170K
Other incomeLn 4–11$27K
Gifts and grantsLn 1h$5K
Money outPt IX
$233K
Ln 25
Programscol B$233K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$102K
LiabilitiesLn 26$1K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$170K
Investment incomeLn 3$3K
Other incomeLn 4–11$27K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Total assetsLn 16$102K
LiabilitiesLn 26$1K
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 59
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$131K$102K
Total assetsLn 16$131K$102K
LiabilitiesLn 26$2K$1K
Net assetsLn 32$129K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$32K$32K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$54K$54K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$44K$44K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$79K$79K
All other expensesLn 24e$0
Total functional expensesLn 25$233K$233K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $498K$483K$15K$166K 990 PDF
FY2023 $477K$469K$9K$151K 990 PDF
FY2022 $419K$404K$15K$142K 990 PDF
FY2021 $403K$376K$28K$128K 990 PDF
FY2020 Viewing $205K$233K−$28K$100K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $205,146 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,210$5,348
I-9 Program service revenuePrior year $391,039$170,268
I-10 Investment incomePrior year $6,417$2,952
I-11 Other revenuePrior year $85,993$26,578
I-12 Total revenuePrior year $487,659$205,146
I-13 Grants and similar amounts paidPrior year $69,393$31,792
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $118,432$59,442
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $272,754$141,508
I-18 Total expensesPrior year $460,579$232,742
I-19 Revenue less expensesPrior year $27,080−$27,596
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $205,146 across 6 lines filed
Lines not itemized here account for $26,578 of total revenue; see the IRS return.
VIII-1b Membership dues$2,550
VIII-1d Related organizations$2,798
VIII-1h Total contributions, gifts and grants$5,348
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $170,268$170,268
VIII-3 Investment incomeUnrelated business $2,952$2,952
VIII-12 Total revenueRelated to mission $196,846 · Unrelated business $2,952$205,146
Part IX · Statement of functional expenses $232,742 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $31,792$31,792
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $54,288$54,288
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,154$5,154
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $8,760$8,760
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,416$1,416
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $44,470$44,470
IX-17 TravelPrograms $1,598$1,598
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $6,135$6,135
IX-24 Other expenses (24a–d)Programs $79,129$79,129
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $232,742$232,742
Part X · Balance sheet $101,532 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $131,480$101,532
X-16 Total assetsStart of year $131,480$101,532
X-25 Other liabilitiesStart of year $2,425$1,359
X-26 Total liabilitiesStart of year $2,425$1,359
X-27 Net assets without donor restrictionsStart of year $129,055$100,173
X-32 Total net assets or fund balancesStart of year $129,055$100,173
X-33 Total liabilities and net assetsStart of year $131,480$101,532
Part XI · Reconciliation of net assets $100,173 net assets at year end
XI-1 Total revenue$205,146
XI-2 Total expenses$232,742
XI-3 Revenue less expenses−$27,596
XI-4 Net assets at start of year$129,055
XI-9 Other changes in net assets−$1,286
XI-10 Net assets at end of year$100,173

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

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