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American Legion Post 274

Tax-deductible

Madison Hts, VA501(c)(19)EIN 54-6072387Revenue $140K in FY2024

On file with the IRSPo Box 274, 24572-0274 · Madison Hts, VATax-exempt since Mar 1946

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Provide services to local veterans

501(c)(19) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
5 of 5
filings with a surplus
Average surplus $34K a year · 39% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 23.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$189
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
120
of 120 voting members
Looks good: 120 of 120 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140K
+82% vs prior year
Spent
$81K
To programs
0%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$140K
FY2024▲ +82%
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2021$69K
FY2022$66K
FY2023$77K
FY2024$140K
Expenses
$81K
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$34K
FY2022$39K
FY2023$69K
FY2024$81K
Net assets
$1.0M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$703K
FY2021$835K
FY2022$792K
FY2023$884K
FY2024$1.0M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Ralph H Viar JR
Post Commander
$0Pt VII · Sec A
Alfred E Warren
Vice Commander
$0Pt VII · Sec A
$0Pt VII · Sec A
Charles W Story
Finance Officer
$0Pt VII · Sec A
See American Legion Post 274 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

Helps local veterans with essential services.

Questions for American Legion Post 274

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide services and activities for local veterans, support local youth sports programs and support other charities

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$140K
Ln 12
Other incomeLn 4–11$98K
Investment incomeLn 3$40K
Gifts and grantsLn 1h$1K
Money outPt IX
$81K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$1.0M
LiabilitiesLn 26$189
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a120
IndependentVI 1b120
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Investment incomeLn 3$40K
Other incomeLn 4–11$98K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$155K
Cash and savings togetherLn 1–2$155K
InvestmentsLn 11–13$761K
Land, buildings, equipmentLn 10c$96K
Total assetsLn 16$1.0M
LiabilitiesLn 26$189
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$131K$155K
InvestmentsLn 11–13$658K$761K
Land, buildings, equipmentLn 10c$96K$96K
Total assetsLn 16$885K$1.0M
LiabilitiesLn 26$192$189
Net assetsLn 32$884K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$43K
Accounting feesLn 11c$3K
Investment management feesLn 11f$5K
Office expensesLn 13$1K
OccupancyLn 16$21K
Conferences, conventions and meetingsLn 19$2K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$81K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $140K$81K$60K$1.0M 990 PDF
FY2023 $77K$69K$8K$884K 990 PDF
FY2022 $66K$39K$27K$792K 990 PDF
FY2021 $69K$34K$35K$835K 990 PDF
FY2020 $80K$41K$38K$703K 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 (6 parts)
Part I · Summary $140,119 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,513$1,346
I-9 Program service revenue$0
I-10 Investment incomePrior year $12,259$40,297
I-11 Other revenuePrior year $63,116$98,476
I-12 Total revenuePrior year $76,888$140,119
I-13 Grants and similar amounts paidPrior year $29,661$43,020
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,939$37,481
I-18 Total expensesPrior year $68,600$80,501
I-19 Revenue less expensesPrior year $8,288$59,618
Part VI · Governance 120 of 120 board members independent, 4 to look at
VI-1a Voting members of the governing body120
VI-1b Independent voting members120
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 $140,119 across 5 lines filed
Lines not itemized here account for $98,476 of total revenue; see the IRS return.
VIII-1b Membership dues$1,346
VIII-1h Total contributions, gifts and grants$1,346
VIII-3 Investment incomeRelated to mission $40,297$40,297
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $138,773 · Unrelated business $0 · Excluded from tax $0$140,119
Part IX · Statement of functional expenses $80,501 across 7 lines filed
IX-1 Grants to domestic organizations$43,020
IX-11c Accounting fees$3,055
IX-11f Investment management fees$5,404
IX-13 Office expenses$1,473
IX-16 Occupancy$20,503
IX-19 Conferences, conventions and meetings$2,271
IX-24 Other expenses (24a–d)Programs $4,775$4,775
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$80,501
Part X · Balance sheet $1,011,788 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $130,649$155,371
X-10c Land, buildings and equipment, netStart of year $95,888$95,888
X-11 Publicly traded securitiesStart of year $658,029$760,529
X-16 Total assetsStart of year $884,566$1,011,788
X-17 Accounts payable and accrued expensesStart of year $192$189
X-26 Total liabilitiesStart of year $192$189
X-27 Net assets without donor restrictionsStart of year $884,374$1,011,599
X-32 Total net assets or fund balancesStart of year $884,374$1,011,599
X-33 Total liabilities and net assetsStart of year $884,566$1,011,788
Part XI · Reconciliation of net assets $1,011,599 net assets at year end
XI-1 Total revenue$140,119
XI-2 Total expenses$80,501
XI-3 Revenue less expenses$59,618
XI-4 Net assets at start of year$884,374
XI-5 Net unrealized gains (losses) on investments$67,607
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,011,599

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

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