0225 Forest Lake

Tax-deductible

Forest Lake, MN501(c)(19)Since 1930EIN 41-0712862

Serve Membership for US Military Wartime Years & Military Veteran Membership, Promote Community Improvement, Sponsor Local 4th of July Celebration, Youth Programs Legion Baseball.

501(c)(19) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 100 volunteers and 91 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 4
filings with a surplus
Average surplus $4K a year · 10% 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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 33.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$453K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$453K
×17 vs prior year
Spent
$185K
To programs
56%
Net assets
$1.3M
By yearFY2021–FY2024
Revenue
$453K
FY2024▲ ×17
Revenue by fiscal year
FY2021$103K
FY2022−$40K
FY2023$74K
FY2024$26K
FY2024$453K
Expenses
$185K
FY2024▲ +420%
Expenses by fiscal year
FY2021$35K
FY2022$31K
FY2023$45K
FY2024$36K
FY2024$185K
Net assets
$1.3M
FY2024▲ +78%
Net assets by fiscal year
FY2021$544K
FY2022$473K
FY2023$501K
FY2024$750K
FY2024$1.3M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1962.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $104K Management & general 44% · $81K Fundraising 0% · $250

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Past Commander
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
Chaplain
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
Gambling Manager
$0Pt VII · Sec A
Membership
$0Pt VII · Sec A
2nd Vice Commander
$0Pt VII · Sec A
Service Officerhistorian
$0Pt VII · Sec A
See 0225 Forest Lake 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 15aYes

Programs and updates

Supports military members and veterans, fosters community improvement, and sponsors local events and youth programs.

Provided by the organization

This section is blank until 0225 Forest Lake claims this page.

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1 program service account for $104K of program spending, described in the organization's own filed words · FY2024.
01

Serve military veteran membership and promote community improvement by sponsoring the local 4th of July celebration, youth programs, Legion baseball and other community activities and events.

$104Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$453K
Ln 12
Other incomeLn 4–11$324K
Fees for servicesLn 2g$92K
Gifts and grantsLn 1h$37K
Money outPt IX
$185K
Ln 25
Programscol B$104K
Managementcol C$81K
Fundraisingcol D$250
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$519K
Total assetsLn 16$1.8M
LiabilitiesLn 26$453K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Fees for servicesLn 2g$92K
Investment incomeLn 3$10
Other incomeLn 4–11$324K
Total revenueLn 12$453K
Assets in detailPt X, end of year
CashLn 1$519K
Cash and savings togetherLn 1–2$519K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$200K
Total assetsLn 16$1.8M
LiabilitiesLn 26$453K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 591
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$435K$519K
Land, buildings, equipmentLn 10c$865K$1.0M
Total assetsLn 16$1.4M$1.8M
LiabilitiesLn 26$631K$453K
Net assetsLn 32$750K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$9K$1K$8K
Conferences, conventions and meetingsLn 19$944$944
InterestLn 20$18K$18K
Payments to affiliatesLn 21$18K$18K
Depreciation, depletion and amortizationLn 22$34K$17K$17K
InsuranceLn 23$957$957
Other expenses (24a–d)Ln 24$105K$68K$37K$250
Total functional expensesLn 25$185K$104K$81K$250

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $26K$36K−$9K$750K 990 PDF
FY2023 $74K$45K$29K$501K 990 PDF
FY2022 −$40K$31K−$71K$473K 990 PDF
FY2021 $103K$35K$68K$544K 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 (4 parts)
Part VIII · Statement of revenue $453,392 across 9 lines filed
Lines not itemized here account for −$68,473 of total revenue; see the IRS return.
VIII-1b Membership dues$19,879
VIII-1f All other contributions, gifts and grants$17,568
VIII-1h Total contributions, gifts and grants$37,447
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $91,558$91,558
VIII-3 Investment incomeExcluded from tax $10$10
VIII-6 Net rental income or lossRelated to mission $17,500$17,500
VIII-8 Net income from fundraising eventsExcluded from tax $75,525$75,525
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $280,113 · Excluded from tax $19,712$299,825
VIII-12 Total revenueRelated to mission $389,171 · Unrelated business −$68,473 · Excluded from tax $95,247$453,392
Part IX · Statement of functional expenses $185,288 across 7 lines filed
IX-13 Office expensesPrograms $1,000 · Management $7,908$8,908
IX-19 Conferences, conventions and meetingsPrograms $944$944
IX-20 InterestManagement $17,511$17,511
IX-21 Payments to affiliatesPrograms $17,932$17,932
IX-22 Depreciation, depletion and amortizationPrograms $17,038 · Management $17,038$34,076
IX-23 InsuranceManagement $957$957
IX-24 Other expenses (24a–d)Programs $67,511 · Management $37,199 · Fundraising $250$104,960
IX-25 Total functional expensesPrograms $104,425 · Management $80,613 · Fundraising $250$185,288
Part X · Balance sheet $1,791,220 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $434,912$519,013
X-4 Accounts receivableStart of year $19,950$29,339
X-8 Inventories for sale or useStart of year $60,618$39,092
X-10c Land, buildings and equipment, netStart of year $865,186$1,003,776
X-15 Other assets$200,000
X-16 Total assetsStart of year $1,380,666$1,791,220
X-17 Accounts payable and accrued expensesStart of year $114,112$88,918
X-19 Deferred revenueStart of year $221,547$21,547
X-26 Total liabilitiesStart of year $630,896$453,330
X-27 Net assets without donor restrictionsStart of year $749,770$1,337,890
X-32 Total net assets or fund balancesStart of year $749,770$1,337,890
X-33 Total liabilities and net assetsStart of year $1,380,666$1,791,220
Part XI · Reconciliation of net assets $1,337,890 net assets at year end
XI-1 Total revenue$453,392
XI-2 Total expenses$185,288
XI-3 Revenue less expenses$268,104
XI-4 Net assets at start of year$749,770
XI-9 Other changes in net assets$320,016
XI-10 Net assets at end of year$1,337,890

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

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