American Legion Post 742

Not tax-deductible

Corona, CA501(c)(19)EIN 33-0049187Revenue $174K in FY2024

On file with the IRS1557 Yorba St, 92882-1723 · Corona, CATax-exempt since Mar 1946

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Honor veterans and thier families, and protect veterans benefits

54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
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
5 of 6
filings with a surplus
Average surplus $13K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 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
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
+18% vs prior year
Spent
$170K
To programs
54%
Net assets
$222K
By yearFY2019–FY2024
Revenue
$174K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2019$185K
FY2020$110K
FY2021$169K
FY2022$211K
FY2023$148K
FY2024$174K
Expenses
$170K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2019$185K
FY2020$91K
FY2021$141K
FY2022$171K
FY2023$159K
FY2024$170K
Net assets
$222K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2019$209K
FY2020$228K
FY2021$189K
FY2022$229K
FY2023$218K
FY2024$222K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $93K Management & general 30% · $51K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Commander
$0Pt VII · Sec A
Adjutant
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See American Legion Post 742 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

Honors veterans and families, protecting their benefits.

Questions for American Legion Post 742

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Provided by the organization

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1 program · $93K · in their own filed words · FY2024
01

Honoring veterans at 4TH of july parade, memorial day services, honor guard provided for deceased veterans services; honoring veterans on veteran day programs; sponsoring boys and girls student reps

$93Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Fees for servicesLn 2g$142K
Gifts and grantsLn 1h$32K
Other incomeLn 4–11$400
Money outPt IX
$170K
Ln 25
Programscol B$93K
Managementcol C$51K
Owns and owesPt X
$222K
net assets · Ln 32
Cash and savingsLn 1–2$132K
Total assetsLn 16$222K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$142K
Investment incomeLn 3$133
Other incomeLn 4–11$400
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$132K
Cash and savings togetherLn 1–2$132K
Land, buildings, equipmentLn 10c$88K
Other assetsLn 15$2K
Total assetsLn 16$222K
LiabilitiesLn 26$0
Net assetsLn 32$222K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$101K$132K
Land, buildings, equipmentLn 10c$115K$88K
Total assetsLn 16$218K$222K
LiabilitiesLn 26$0$0
Net assetsLn 32$218K$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Grants to domestic individualsLn 2$778$778
Other salaries and wagesLn 7$8K$8K
Payroll taxesLn 10$950$950
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$9K$9K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$682$682
Depreciation, depletion and amortizationLn 22$27K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$63K$46K$17K
All other expensesLn 24e$40K$20K$20K
Total functional expensesLn 25$170K$93K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $174K$170K$4K$222K 990 PDF
FY2023 $148K$159K−$11K$218K 990 PDF
FY2022 $211K$171K$40K$229K 990 PDF
FY2021 $169K$141K$28K$189K 990 PDF
FY2020 $110K$91K$19K$228K 990 PDF
FY2019 $185K$185K$160$209K 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 FY2024 990 (6 parts)
Part I · Summary $174,424 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,669$32,310
I-9 Program service revenuePrior year $135,708$141,581
I-10 Investment incomePrior year $922$133
I-11 Other revenuePrior year $423$400
I-12 Total revenuePrior year $147,722$174,424
I-13 Grants and similar amounts paidPrior year $0$1,278
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,670$9,026
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $151,385$159,989
I-18 Total expensesPrior year $159,055$170,293
I-19 Revenue less expensesPrior year −$11,333$4,131
Part VI · Governance 0 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $174,424 across 7 lines filed
Lines not itemized here account for $14,513 of total revenue; see the IRS return.
VIII-1b Membership dues$5,670
VIII-1f All other contributions, gifts and grants$26,640
VIII-1h Total contributions, gifts and grants$32,310
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $127,068$127,068
VIII-3 Investment incomeUnrelated business $133$133
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $400$400
VIII-12 Total revenueRelated to mission $141,581 · Unrelated business $533 · Excluded from tax $0$174,424
Part IX · Statement of functional expenses $170,293 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-2 Grants to domestic individualsPrograms $778$778
IX-7 Other salaries and wagesPrograms $8,076$8,076
IX-10 Payroll taxesPrograms $950$950
IX-11c Accounting feesPrograms $5,625$5,625
IX-11g Other fees for servicesPrograms $9,487$9,487
IX-12 Advertising and promotionManagement $6,526$6,526
IX-13 Office expensesPrograms $682$682
IX-22 Depreciation, depletion and amortization$26,633
IX-23 InsuranceManagement $7,133$7,133
IX-24 Other expenses (24a–d)Programs $46,471 · Management $16,985$63,456
IX-24e All other expensesPrograms $20,156 · Management $20,291$40,447
IX-25 Total functional expensesPrograms $92,725 · Management $50,935 · Fundraising $0$170,293
Part X · Balance sheet $222,176 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $101,216$131,980
X-10c Land, buildings and equipment, netStart of year $114,539$87,906
X-15 Other assetsStart of year $2,290$2,290
X-16 Total assetsStart of year $218,045$222,176
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $218,045$222,176
X-33 Total liabilities and net assetsStart of year $218,045$222,176
Part XI · Reconciliation of net assets $222,176 net assets at year end
XI-1 Total revenue$174,424
XI-2 Total expenses$170,293
XI-3 Revenue less expenses$4,131
XI-4 Net assets at start of year$218,045
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$222,176

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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