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Speedway Post 500 INC FY2023 filing

Tax-deductible

Speedway, IN501(c)(19)Mutual / membership EIN 35-6076969Revenue $1.5M in FY2023

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

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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) veterans' organization; the IRS lists gifts to it as tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$95K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 265 voting members
Concern: none of 265 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+24% vs prior year
Spent
$1.3M
To programs
97%
Net assets
$917K
By yearFY2020–FY2024
Revenue
$1.5M
FY2023▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$715K
FY2021$839K
FY2022$1.2M
FY2023$1.5M
FY2024$1.8M
Expenses
$1.3M
FY2023▲ +28%
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
$917K
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$552K
FY2021$648K
FY2022$782K
FY2023$917K
FY2024$1.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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

97 cents of each dollar spent went to programs.

Program services 97% · $1.3M Management & general 3% · $40K

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
$0Pt VII · Sec A
Jim Kite
Chaplain
$0Pt VII · Sec A
Steven Tansel
Commander
$0Pt VII · Sec A
Rochelle Dunbar
Service Officer
$0Pt VII · Sec A
Steve Sabo
2nd Vice
$0Pt VII · Sec A
$0Pt VII · Sec A
Joey Joyce
Sergeant at Arms
$0Pt VII · Sec A
Trisha Stole
Adjutant
$0Pt VII · Sec A
See Speedway Post 500 INC 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

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

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2023
01

Provides an environment of camaraderie and patriotism for its membership

$1.3Mprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$23K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Managementcol C$40K
Owns and owesPt X
$917K
net assets · Ln 32
Cash and savingsLn 1–2$389K
Total assetsLn 16$1.0M
LiabilitiesLn 26$95K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a265
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Fees for servicesLn 2g$1.5M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$128K
SavingsLn 2$260K
Cash and savings togetherLn 1–2$389K
Land, buildings, equipmentLn 10c$114K
Other assetsLn 15$509K
Total assetsLn 16$1.0M
LiabilitiesLn 26$95K
Net assetsLn 32$917K
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 FY23End FY23
Cash and savingsLn 1–2$741K$389K
Land, buildings, equipmentLn 10c$124K$114K
Total assetsLn 16$866K$1.0M
LiabilitiesLn 26$83K$95K
Net assetsLn 32$782K$917K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$69K$69K
Benefits paid to or for membersLn 4$8K$8K
Other salaries and wagesLn 7$222K$182K$40K
Payroll taxesLn 10$104K$104K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$16K$16K
OccupancyLn 16$4K$4K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$870K$870K
Total functional expensesLn 25$1.3M$1.3M$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$1.6M$234K$1.2M 990 PDF
FY2023 Viewing $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 $715K$537K$179K$552K 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 FY2023 990 (6 parts)
Part I · Summary $1,483,509 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,069$22,996
I-9 Program service revenuePrior year $1,163,522$1,460,513
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,191,591$1,483,509
I-13 Grants and similar amounts paidPrior year $39,051$69,007
I-14 Benefits paid to membersPrior year $3,220$8,260
I-15 Salaries and benefitsPrior year $251,171$326,567
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $763,698$945,261
I-18 Total expensesPrior year $1,057,140$1,349,095
I-19 Revenue less expensesPrior year $134,451$134,414
Part VI · Governance 0 of 265 board members independent, 4 to look at
VI-1a Voting members of the governing body265
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 $1,483,509 across 5 lines filed
VIII-1b Membership dues$10,835
VIII-1f All other contributions, gifts and grants$12,161
VIII-1h Total contributions, gifts and grants$22,996
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,460,513$1,460,513
VIII-12 Total revenueRelated to mission $1,460,513 · Unrelated business $0 · Excluded from tax $0$1,483,509
Part IX · Statement of functional expenses $1,349,095 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $69,007$69,007
IX-4 Benefits paid to or for membersPrograms $8,260$8,260
IX-7 Other salaries and wagesPrograms $182,305 · Management $40,145$222,450
IX-10 Payroll taxesPrograms $104,117$104,117
IX-11c Accounting feesPrograms $4,931$4,931
IX-12 Advertising and promotionPrograms $5,070$5,070
IX-13 Office expensesPrograms $16,253$16,253
IX-16 OccupancyPrograms $3,901$3,901
IX-22 Depreciation, depletion and amortizationPrograms $9,640$9,640
IX-23 InsurancePrograms $35,423$35,423
IX-24 Other expenses (24a–d)Programs $870,043$870,043
IX-25 Total functional expensesPrograms $1,308,950 · Management $40,145 · Fundraising $0$1,349,095
Part X · Balance sheet $1,011,501 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $156,003$128,398
X-2 Savings and temporary cash investmentsStart of year $585,000$260,155
X-10c Land, buildings and equipment, netStart of year $123,989$114,349
X-15 Other assetsStart of year $513$508,599
X-16 Total assetsStart of year $865,505$1,011,501
X-19 Deferred revenueStart of year $83,057$94,639
X-26 Total liabilitiesStart of year $83,057$94,639
X-27 Net assets without donor restrictionsStart of year $782,448$916,862
X-32 Total net assets or fund balancesStart of year $782,448$916,862
X-33 Total liabilities and net assetsStart of year $865,505$1,011,501
Part XI · Reconciliation of net assets $916,862 net assets at year end
XI-1 Total revenue$1,483,509
XI-2 Total expenses$1,349,095
XI-3 Revenue less expenses$134,414
XI-4 Net assets at start of year$782,448
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$916,862

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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