Veterans Supports Group FY2020 filing

St Charles, ILUnknown exempt organization EIN 36-2075880Revenue $6K in FY2020

On file with the IRSPo Box 245 · St Charles, IL

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Maintain investments for and support the operations of the american legion post #342 fein #36-4277596

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $67K a year · 211% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $933K in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $933K in investments.
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
65
of 65 voting members
Looks good: 65 of 65 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6K
Spent
$103K
To programs
100%
Net assets
$940K
By yearFY2020–FY2022
Revenue
$6K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6K
FY2021$57K
FY2022$57K
Expenses
$103K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$103K
FY2021$95K
FY2022Not on file
Net assets
$940K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$940K
FY2021$954K
FY2022$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $103K Management & general 0% · $125

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Post Commander
$0Pt VII · Sec A
See Veterans Supports Group 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

Supports operations and maintains investments for a specific American Legion Post.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Manage the investments of the american legion post #342 fein #36-4277596 and provide financial support in the form of monthly transfers to the post for the purpose of carrying on the business of an american legion post

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6K
Ln 12
Gifts and grantsLn 1h$16K
Investment incomeLn 3$1
Money outPt IX
$103K
Ln 25
Programscol B$103K
Managementcol C$125
Owns and owesPt X
$940K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$940K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a65
IndependentVI 1b65
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Investment incomeLn 3$1
Total revenueLn 12$6K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$933K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$940K
LiabilitiesLn 26$0
Net assetsLn 32$940K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$11K$3K
InvestmentsLn 11–13$912K$933K
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$928K$940K
LiabilitiesLn 26$0$0
Net assetsLn 32$928K$940K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Accounting feesLn 11c$1K$1K$125$0
Investment management feesLn 11f$7K$7K$0$0
Advertising and promotionLn 12$500$500$0$0
Office expensesLn 13$125$125$0$0
OccupancyLn 16$472$472$0$0
Conferences, conventions and meetingsLn 19$57$57$0$0
Payments to affiliatesLn 21$76K$76K$0$0
Depreciation, depletion and amortizationLn 22$2K$2K$0$0
InsuranceLn 23$765$765$0$0
Other expenses (24a–d)Ln 24$6K$6K$0$0
All other expensesLn 24e$520$520$0$0
Total functional expensesLn 25$103K$103K$125$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $57K$0 990 PDF
FY2021 $57K$95K−$38K$954K 990 PDF
FY2020 Viewing $6K$103K−$97K$940K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $6,487 revenue, 12 lines filed
I-8 Contributions and grants$16,466
I-9 Program service revenue$0
I-10 Investment incomePrior year $48$1
I-11 Other revenue−$9,980
I-12 Total revenuePrior year $48$6,487
I-13 Grants and similar amounts paid$8,497
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,082$94,854
I-18 Total expensesPrior year $88,082$103,351
I-19 Revenue less expensesPrior year −$88,034−$96,864
Part VI · Governance 65 of 65 board members independent, 3 to look at
VI-1a Voting members of the governing body65
VI-1b Independent voting members65
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $6,487 across 5 lines filed
VIII-1f All other contributions, gifts and grants$16,466
VIII-1h Total contributions, gifts and grants$16,466
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1
VIII-6 Net rental income or lossRelated to mission −$9,980−$9,980
VIII-12 Total revenueRelated to mission −$9,979 · Unrelated business $0 · Excluded from tax $0$6,487
Part IX · Statement of functional expenses $103,351 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $8,497$8,497
IX-11c Accounting feesPrograms $1,125 · Management $125 · Fundraising $0$1,250
IX-11f Investment management feesPrograms $6,914 · Management $0 · Fundraising $0$6,914
IX-12 Advertising and promotionPrograms $500 · Management $0 · Fundraising $0$500
IX-13 Office expensesPrograms $125 · Management $0 · Fundraising $0$125
IX-16 OccupancyPrograms $472 · Management $0 · Fundraising $0$472
IX-19 Conferences, conventions and meetingsPrograms $57 · Management $0 · Fundraising $0$57
IX-21 Payments to affiliatesPrograms $76,200 · Management $0 · Fundraising $0$76,200
IX-22 Depreciation, depletion and amortizationPrograms $1,959 · Management $0 · Fundraising $0$1,959
IX-23 InsurancePrograms $765 · Management $0 · Fundraising $0$765
IX-24 Other expenses (24a–d)Programs $6,092 · Management $0 · Fundraising $0$6,092
IX-24e All other expensesPrograms $520 · Management $0 · Fundraising $0$520
IX-25 Total functional expensesPrograms $103,226 · Management $125 · Fundraising $0$103,351
Part X · Balance sheet $939,841 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,991$3,449
X-10c Land, buildings and equipment, netStart of year $4,898$2,939
X-11 Publicly traded securitiesStart of year $912,190$933,453
X-16 Total assetsStart of year $928,079$939,841
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $928,079$939,841
X-32 Total net assets or fund balancesStart of year $928,079$939,841
X-33 Total liabilities and net assetsStart of year $928,079$939,841
Part XI · Reconciliation of net assets $939,841 net assets at year end
XI-1 Total revenue$6,487
XI-2 Total expenses$103,351
XI-3 Revenue less expenses−$96,864
XI-4 Net assets at start of year$928,079
XI-5 Net unrealized gains (losses) on investments$108,626
XI-10 Net assets at end of year$939,841

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

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