American Legion Post 601 Madison Memorial: Nonprofit Profile, Financials & Form 990 (EIN 34-6607429)

Revenue by fiscal year
FY2020	$30K
FY2021	$39K
FY2023	$204K
FY2024	$394K

Expenses by fiscal year
FY2020	$49K
FY2021	$49K
FY2023	$139K
FY2024	$276K

Net assets by fiscal year
FY2020	$122K
FY2021	$112K
FY2023	$221K
FY2024	$338K

Is it real?

No. The IRS revoked its tax exemption. 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

75 cents of each dollar spent went to programs.

75%

25%

Program services 75% · $207K Management & general 25% · $70K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation

Bill Johnston

Commander

$0Pt VII · Sec A

Tom Ward

Second Vice

$0Pt VII · Sec A

Jim Spragg

First Vice

$0Pt VII · Sec A

Terry Bancroft

Finance Officer

$0Pt VII · Sec A

Gary Majernik

Trustee

$0Pt VII · Sec A

Mark Smitley

Trustee

$0Pt VII · Sec A

Chris Lee

Trustee

$0Pt VII · Sec A

A Buchen

Sgt of Arms

$0Pt VII · Sec A

See American Legion Post 601 Madison Memorial 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

Connects veterans for mutual support and camaraderie.

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Provided by the organization

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3 programs · $553K · in their own filed words · FY2024

01

Provide a social club for veterans and their families

$276Kprogram expense

02

Provide a social club for veterans and their families

$207Kprogram expense

03

Provide a social club for veterans and their families

$70Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$394K

Ln 12

Other incomeLn 4–11$378K

Gifts and grantsLn 1h$15K

Money outPt IX

$276K

Ln 25

Programscol B$207K

Managementcol C$70K

Owns and owesPt X

$338K

net assets · Ln 32

Cash and savingsLn 1–2$234K

Total assetsLn 16$338K

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$15K

Fundraising eventsLn 1c$14K

Other incomeLn 4–11$378K

Total revenueLn 12$394K

Assets in detailPt X, end of year

CashLn 1$234K

Cash and savings togetherLn 1–2$234K

Land, buildings, equipmentLn 10c$100K

Total assetsLn 16$338K

LiabilitiesLn 26$0

Net assetsLn 32$338K

OperationsPt I, VI

EmployeesI 51

VolunteersI 61

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$117K	$234K
Land, buildings, equipmentLn 10c	$100K	$100K
Total assetsLn 16	$221K	$338K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$221K	$338K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$92K	$92K
Grants to domestic individualsLn 2	$75K	$75K
Benefits paid to or for membersLn 4	$8K	$8K
Other salaries and wagesLn 7	$29K	$29K
Payroll taxesLn 10	$2K	$2K
Legal feesLn 11b	$600		$600
Accounting feesLn 11c	$100		$100
Other fees for servicesLn 11g	$4K		$4K
Office expensesLn 13	$3K		$3K
InsuranceLn 23	$7K		$7K
Other expenses (24a–d)Ln 24	$50K		$50K
All other expensesLn 24e	$5K		$5K
Total functional expensesLn 25	$276K	$207K	$70K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$394K	$276K	$117K	$338K	990 PDF
FY2023	$204K	$139K	$65K	$221K	990 PDF
FY2022	Not on file
FY2021	$39K	$49K	−$10K	$112K	990 PDF
FY2020	$30K	$49K	−$19K	$122K	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 $393,626 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,600$15,456

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year $199,865$378,170

I-12 Total revenuePrior year $204,465$393,626

I-13 Grants and similar amounts paidPrior year $51,000$167,125

I-14 Benefits paid to membersPrior year $4,000$8,500

I-15 Salaries and benefitsPrior year $17,844$31,096

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $66,285$69,748

I-18 Total expensesPrior year $139,129$276,469

I-19 Revenue less expensesPrior year $65,336$117,157

Part VI · Governance 0 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members0

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 $393,626 across 6 lines filed

Lines not itemized here account for $367,720 of total revenue; see the IRS return.

VIII-1b Membership dues$1,956

VIII-1c Fundraising events$13,500

VIII-1h Total contributions, gifts and grants$15,456

VIII-6 Net rental income or loss$3,050

VIII-8 Net income from fundraising events$7,400

VIII-12 Total revenue$393,626

Part IX · Statement of functional expenses $276,469 across 12 lines filed

IX-1 Grants to domestic organizationsPrograms $92,125$92,125

IX-2 Grants to domestic individualsPrograms $75,000$75,000

IX-4 Benefits paid to or for membersPrograms $8,500$8,500

IX-7 Other salaries and wagesPrograms $28,886$28,886

IX-10 Payroll taxesPrograms $2,210$2,210

IX-11b Legal feesManagement $600$600

IX-11c Accounting feesManagement $100$100

IX-11g Other fees for servicesManagement $3,500$3,500

IX-13 Office expensesManagement $3,100$3,100

IX-23 InsuranceManagement $7,276$7,276

IX-24 Other expenses (24a–d)Management $50,472$50,472

IX-24e All other expensesManagement $4,700$4,700

IX-25 Total functional expensesPrograms $206,721 · Management $69,748 · Fundraising $0$276,469

Part X · Balance sheet $337,675 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $117,318$234,475

X-8 Inventories for sale or useStart of year $3,200$3,200

X-10c Land, buildings and equipment, netStart of year $100,000$100,000

X-16 Total assetsStart of year $220,518$337,675

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $220,518$337,675

X-33 Total liabilities and net assetsStart of year $220,518$337,675

Part XI · Reconciliation of net assets $337,675 net assets at year end

XI-1 Total revenue$393,626

XI-2 Total expenses$276,469

XI-3 Revenue less expenses$117,157

XI-4 Net assets at start of year$220,518

XI-10 Net assets at end of year$337,675

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

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American Legion Post 601 Madison Memorial

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for American Legion Post 601 Madison Memorial

By the numbers

Filing history

Schedules filed Part IV