296 Sterling Post FY2021 filing

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EIN 30-0042989 Mutual-benefit / member-serving Sterling, IL
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Revenue & expenses by yearFY2019–FY2024
Revenue
$36K
FY2021▲ +253%
Expenses
$46K
FY2021▼ -12%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Helps veterans, servicemen, and the community with essential services. For fiscal year 2021 it reported $36K in revenue, $46K in expenses, and $263K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Sterling, IL
Filings
6 on file (2019–2021)
Revenue
$36KFY2021
Expenses
$46K
Net assets
$263K
People
5
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
<$100K
What they do
Helps veterans, servicemen, and the community with essential services.
Leadership
Joe Fiorini · Adjudant
Money in and out
$36K revenue, $46K expenses
Bottom line
-29% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A post or organization of past or present members of the armed forces.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

32% to programs

32% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↑ +253% vs prior year

Revenue band <$100K, +253% versus the prior filing year (up). See detail →

Reported financial activity · FY2021
Total revenue
$36K
Pt VIII · Ln 12
Total expenses
$46K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Where spending went · Part IX cols B–D
Program services $0.32 Management & general $0.68
Surplus margin
-29%
revenue over expenses, this year
Program spending
32%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$263K
FY2021▼ -33%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$263K
Program-expense ratioPt IX · col B32%
Voting members of governing bodyPt I · Ln 3325
Independent voting membersPt I · Ln 4325

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item C296 Sterling Post
EINHdr · item D30-0042989
Principal addressHdr · item CSterling, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(19) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a325
Independent voting membersPt VI · Ln 1b325
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Adjudant
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
JR Vice Commander
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
SR Vice Commander
$0Pt VII · Sec A
See 296 Sterling Post executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $15K of program spending, described in the organization's own filed words · FY2021.
01

Benefits paid to/for members,SAL,American Legion Auxiliary, Iowa City VA Hospital, Madison VA Hospital,The USO, Funeral Dinners, Members Dues------------------ Donations to the Community-Schorships, Natl.Fire safety,Self Help,YMCACamp Benson, Let us Give Thanks,Salvation Army

$15Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$27K · 76%
Other revenue$6K · 18%
Investment income$2K · 6%
Contributions & grants76%$27K
Other revenue18%$6K
Investment income6%$2K
Total revenueLn 12$36K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.32 Management & general $0.68
Program services32%$15K
Management & general68%$31K
Total functional expensesLn 25$46K

Balance Sheet

Part X · end of year
CashLn 1$153K
Total assetsLn 16$263K
Total liabilitiesLn 26$0
Total net assetsLn 32$263K
Months of cash on handcomputed40.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $153K · Operating expenses/yr $46K
40.0 months
Where the money goes
Program services
Program services $15K · Total expenses $46K
32%
Management & General
Management & general $31K · Total expenses $46K
68%
Fundraising
Fundraising $0 · Total expenses $46K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $24K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $36K
76%
Government reliance
Government grants — · Total revenue $36K
—
Earned-income share
Program service revenue $-19K · Total revenue $36K
-53%
Investment reliance
Investment income $2K · Total revenue $36K
+6%
Program self-sufficiency
Program service revenue $-19K · Total expenses $46K
-41%
Growth & trend
Revenue growth (YoY)
This year $36K · Prior year $10K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36K · Expenses $46K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $263K
—
Net-asset ratio
Net assets $263K · Total assets $263K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $263K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joe Fiorini · Reported title Adjudant · Highest reported compensation $0 · Total expenses $46K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $46K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 32%——
Overhead ratio 68%——
Fundraising cost ratio 0%——
Revenue growth 253%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$54K revenue · ⤓ 990 PDF
FY2023$27K revenue · ⤓ 990 PDF
FY2022$42K revenue · ⤓ 990 PDF
FY2021$36K revenue · viewing · ⤓ 990 PDF
FY2020$10K revenue · ⤓ 990 PDF
FY2019$58K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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