philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Speedway Post 500 INC FY2020 filing

Tax-deductible

Speedway, IN501(c)(19)EIN 35-6076969Revenue $715K in FY2020

On file with the IRS1926 Georgetown Rd, 46224-5725 · Speedway, INTax-exempt since Mar 1946

Tell your story. Claim this org

Perpetuate the ideals of the american legion, including upholding and defending the constitution of the united states of amercia, maintaining law and order, fostering americanism, and developing a sense of obligation to the community, state and nation

501(c)(19) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
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 5
filings with a surplus
Average surplus $155K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 250 voting members
Concern: none of 250 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$715K
Spent
$537K
To programs
92%
Net assets
$552K
By yearFY2020–FY2024
Revenue
$715K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$715K
FY2021$839K
FY2022$1.2M
FY2023$1.5M
FY2024$1.8M
Expenses
$537K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$537K
FY2021$743K
FY2022$1.1M
FY2023$1.3M
FY2024$1.6M
Net assets
$552K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$552K
FY2021$648K
FY2022$782K
FY2023$917K
FY2024$1.2M

From the FY2020 Form 990 · figures checked against the IRS filing · 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. 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

92 cents of each dollar spent went to programs.

Program services 92% · $495K Management & general 8% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Jim Kite
Sergeant at Arms
$0Pt VII · Sec A
Jasmine Pettiford
Judge Advocate
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Sabo
2nd Vice
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Jacobs
Finance Officer
$0Pt VII · Sec A
Jerry Short
1st Vice
$0Pt VII · Sec A
See Speedway Post 500 INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Uphold American ideals, defend the Constitution, and foster community and national obligation.

Questions for Speedway Post 500 INC

Tap to ask. Speedway Post 500 INC sees how many people are interested.

Your first name shows with your question. Speedway Post 500 INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $495K · in their own filed words · FY2020
01

Provides an environment of camaraderie and patriotism for its membership

$495Kprogram 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 · 4 grants · $32K · 2022–2023
Hvaf of Indiana INCIN · FY2023$8,500
Fill the Foxhole INCIN · FY2023$6,000
Riley Hospital for ChildrenFY2022$10,350
Fill the Foxhole INCIN · FY2022$6,900

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$715K
Ln 12
Fees for servicesLn 2g$677K
Gifts and grantsLn 1h$39K
Money outPt IX
$537K
Ln 25
Programscol B$495K
Managementcol C$42K
Owns and owesPt X
$552K
net assets · Ln 32
Cash and savingsLn 1–2$531K
Total assetsLn 16$630K
LiabilitiesLn 26$78K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a250
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Fees for servicesLn 2g$677K
Total revenueLn 12$715K
Assets in detailPt X, end of year
CashLn 1$531K
Cash and savings togetherLn 1–2$531K
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$513
Total assetsLn 16$630K
LiabilitiesLn 26$78K
Net assetsLn 32$552K
OperationsPt I, VI
EmployeesI 513
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$302K$531K
Land, buildings, equipmentLn 10c$103K$98K
Total assetsLn 16$407K$630K
LiabilitiesLn 26$33K$78K
Net assetsLn 32$373K$552K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Benefits paid to or for membersLn 4$14K$14K
Other salaries and wagesLn 7$182K$140K$42K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$8K$8K
OccupancyLn 16$53K$53K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$206K$206K
Total functional expensesLn 25$537K$495K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$1.6M$234K$1.2M 990 PDF
FY2023 $1.5M$1.3M$134K$917K 990 PDF
FY2022 $1.2M$1.1M$134K$782K 990 PDF
FY2021 $839K$743K$96K$648K 990 PDF
FY2020 Viewing $715K$537K$179K$552K 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $715,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,077$38,618
I-9 Program service revenuePrior year $903,116$676,768
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $939,193$715,386
I-13 Grants and similar amounts paidPrior year $46,007$19,091
I-14 Benefits paid to membersPrior year $13,120$14,040
I-15 Salaries and benefitsPrior year $202,802$196,986
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $596,165$306,707
I-18 Total expensesPrior year $858,094$536,824
I-19 Revenue less expensesPrior year $81,099$178,562
Part VI · Governance 0 of 250 board members independent, 4 to look at
VI-1a Voting members of the governing body250
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 $715,386 across 5 lines filed
VIII-1b Membership dues$13,849
VIII-1f All other contributions, gifts and grants$24,769
VIII-1h Total contributions, gifts and grants$38,618
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $676,768$676,768
VIII-12 Total revenueRelated to mission $676,768 · Unrelated business $0 · Excluded from tax $0$715,386
Part IX · Statement of functional expenses $536,824 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $19,091$19,091
IX-4 Benefits paid to or for membersPrograms $14,040$14,040
IX-7 Other salaries and wagesPrograms $139,795 · Management $42,089$181,884
IX-10 Payroll taxesPrograms $15,102$15,102
IX-11c Accounting feesPrograms $4,310$4,310
IX-12 Advertising and promotionPrograms $2,005$2,005
IX-13 Office expensesPrograms $8,107$8,107
IX-16 OccupancyPrograms $52,506$52,506
IX-20 InterestPrograms $2,000$2,000
IX-22 Depreciation, depletion and amortizationPrograms $13,212$13,212
IX-23 InsurancePrograms $19,014$19,014
IX-24 Other expenses (24a–d)Programs $205,553$205,553
IX-25 Total functional expensesPrograms $494,735 · Management $42,089 · Fundraising $0$536,824
Part X · Balance sheet $629,951 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $301,750$531,061
X-10c Land, buildings and equipment, netStart of year $102,973$98,377
X-15 Other assetsStart of year $513$513
X-16 Total assetsStart of year $406,536$629,951
X-19 Deferred revenueStart of year $7,465$74,318
X-26 Total liabilitiesStart of year $33,101$77,954
X-27 Net assets without donor restrictionsStart of year $373,435$551,997
X-32 Total net assets or fund balancesStart of year $373,435$551,997
X-33 Total liabilities and net assetsStart of year $406,536$629,951
Part XI · Reconciliation of net assets $551,997 net assets at year end
XI-1 Total revenue$715,386
XI-2 Total expenses$536,824
XI-3 Revenue less expenses$178,562
XI-4 Net assets at start of year$373,435
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$551,997

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.