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Olney Memorial Post #4226 FY2023 filing

Tax-deductible

Olney, IL501(c)(19)Mutual / membership EIN 37-0638696Revenue $149K in FY2023Latest return filed Nov 14, 2025

On file with the IRSvfw.orgOlney, ILTax-exempt since Sep 1966

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Veterans advocacy, support youth and our military

501(c)(19) veterans' organization; the IRS lists gifts to it as 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $3K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 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
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
224
of 224 voting members
Looks good: 224 of 224 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
+3% vs prior year
Spent
$161K
To programs
92%
Net assets
$327K
By yearFY2021–FY2025
Revenue
$149K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$152K
FY2022$145K
FY2023$149K
FY2024$164K
FY2025$196K
Expenses
$161K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$150K
FY2023$161K
FY2024$164K
FY2025$167K
Net assets
$327K
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$345K
FY2022$339K
FY2023$327K
FY2024$328K
FY2025$356K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1966.

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% · $148K Management & general 3% · $5K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
John Hubbard
Post Commander
$0Pt VII · Sec A
Derek Kocher
Quartermaster
$0Pt VII · Sec A
Ron Stephens
Junior Vice Commander
$0Pt VII · Sec A
Nancy O'Connell
Post Adjutant
$0Pt VII · Sec A
Trevor Goodrum
Senior Vice Commander
$0Pt VII · Sec A
See Olney Memorial Post #4226 executive salaries →

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

Advocates for veterans, supports youth, and aids the military.

Questions for Olney Memorial Post #4226

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Your first name shows with your question. Olney Memorial Post #4226 answers here, for everyone.

1 program · $148K · in their own filed words · FY2022
01

Veterans advocacy, support youth and our military

$148Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$149K
Ln 12
Other incomeLn 4–11$123K
Gifts and grantsLn 1h$18K
Investment incomeLn 3$8K
Money outPt IX
$161K
Ln 25
Programscol B$148K
Managementcol C$5K
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$247K
Total assetsLn 16$329K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a224
IndependentVI 1b224
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Investment incomeLn 3$8K
Other incomeLn 4–11$123K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$247K
Cash and savings togetherLn 1–2$247K
Inventories for sale or useLn 8$5K
Land, buildings, equipmentLn 10c$39K
InvestmentsLn 11–13$39K
Total assetsLn 16$329K
LiabilitiesLn 26$2K
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 511
VolunteersI 640
Fiscal year endsHeaderJune
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$250K$247K
InvestmentsLn 11–13$39K$39K
Land, buildings, equipmentLn 10c$47K$39K
Total assetsLn 16$342K$329K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$339K$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$804$804
Other salaries and wagesLn 7$61K$61K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$63$63
OccupancyLn 16$33K$33K
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$46K$46K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$161K$148K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 14, 2025 $196K$167K$29K$356K 990 PDF
FY2024Filed with the IRS Nov 6, 2024 $164K$164K$411$328K 990 PDF
FY2023 ViewingFiled with the IRS Oct 13, 2023 $149K$161K−$12K$327K 990 PDF
FY2022Filed with the IRS Nov 15, 2022 $145K$150K−$6K$339K 990 PDF
FY2021Filed with the IRS Nov 4, 2021 $152K$345K 990 PDF

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 $149,316 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,722$17,758
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,335$8,109
I-11 Other revenuePrior year $115,575$123,449
I-12 Total revenuePrior year $144,632$149,316
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,566$804
I-15 Salaries and benefitsPrior year $58,369$61,484
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $90,502$99,087
I-18 Total expensesPrior year $150,437$161,375
I-19 Revenue less expensesPrior year −$5,805−$12,059
Part VI · Governance 224 of 224 board members independent, 4 to look at
VI-1a Voting members of the governing body224
VI-1b Independent voting members224
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 $149,316 across 6 lines filed
Lines not itemized here account for $121,535 of total revenue; see the IRS return.
VIII-1b Membership dues$2,234
VIII-1f All other contributions, gifts and grants$15,524
VIII-1h Total contributions, gifts and grants$17,758
VIII-3 Investment incomeRelated to mission $8,109$8,109
VIII-8 Net income from fundraising eventsExcluded from tax $1,914$1,914
VIII-12 Total revenueRelated to mission $129,644 · Unrelated business $0 · Excluded from tax $1,914$149,316
Part IX · Statement of functional expenses $161,375 across 9 lines filed
IX-4 Benefits paid to or for membersPrograms $804$804
IX-7 Other salaries and wagesPrograms $61,484$61,484
IX-11c Accounting feesManagement $4,245$4,245
IX-13 Office expensesManagement $63$63
IX-16 OccupancyPrograms $33,014$33,014
IX-22 Depreciation, depletion and amortization$7,983
IX-23 InsurancePrograms $6,726$6,726
IX-24 Other expenses (24a–d)Programs $45,966$45,966
IX-24e All other expensesManagement $1,090$1,090
IX-25 Total functional expensesPrograms $147,994 · Management $5,398 · Fundraising $0$161,375
Part X · Balance sheet $329,476 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $249,927$246,800
X-8 Inventories for sale or useStart of year $6,710$4,782
X-10c Land, buildings and equipment, netStart of year $46,655$38,673
X-12 Other securitiesStart of year $38,660$39,221
X-16 Total assetsStart of year $341,952$329,476
X-25 Other liabilitiesStart of year $2,638$2,221
X-26 Total liabilitiesStart of year $2,638$2,221
X-27 Net assets without donor restrictionsStart of year $339,314$327,255
X-32 Total net assets or fund balancesStart of year $339,314$327,255
X-33 Total liabilities and net assetsStart of year $341,952$329,476
Part XI · Reconciliation of net assets $327,255 net assets at year end
XI-1 Total revenue$149,316
XI-2 Total expenses$161,375
XI-3 Revenue less expenses−$12,059
XI-4 Net assets at start of year$339,314
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$327,255

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

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