Harold B Jarrett Post 342 FY2023 filing

Tax-deductible

Salisbury, NC501(c)(19)EIN 56-0563525Revenue $212K in FY2023

On file with the IRS1024 Lincolnton Rd, 28144-6214 · Salisbury, NCTax-exempt since Mar 1946

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Provide an organization to support veterans and their families. Provide a place for veterans to meet and socialize with other veteran members of the armed forces. Provide a support group for distressed veterans and thier families. Volunteer at the va hospital. Provide educational opportunities through boys and girls state. Provide an organized place for high school aged boys to particiate in competitive baseball. Support local chapters of junior ROTC. Provide honor guard at funerals of veterans. Provide bibles for family of deceased veteran. Support oratorical contest on the US constituion. Participate in numberous activities to honor and support veterans of the armed forces.

501(c)(19) charity; gifts are tax-deductible.
94¢ 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
4 of 5
filings with a surplus
Average surplus $6K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.7 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
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
+67% vs prior year
Spent
$176K
To programs
94%
Net assets
$329K
By yearFY2020–FY2024
Revenue
$212K
FY2023▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2020$52K
FY2021$107K
FY2022$127K
FY2023$212K
FY2024$153K
Expenses
$176K
FY2023▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$49K
FY2021$103K
FY2022$122K
FY2023$176K
FY2024$170K
Net assets
$329K
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$264K
FY2021$283K
FY2022$296K
FY2023$329K
FY2024$313K

From the FY2023 Form 990 · 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

94 cents of each dollar spent went to programs.

Program services 94% · $165K Management & general 6% · $11K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Immediate PA
$0Pt VII · Sec A
Chaplain
$0Pt VII · Sec A
Historian
$0Pt VII · Sec A
Sergeant at
$0Pt VII · Sec A
Judge Advoca
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
Asst Finance
$0Pt VII · Sec A
Finance Offi
$0Pt VII · Sec A
See Harold B Jarrett Post 342 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 veterans and families through social events, aid, education, and community service.

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Provided by the organization

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2 programs · $165K · in their own filed words · FY2023
01

Sponsor and support american legions baseball teams. Provide an organization to support teams to compete in local league and state and national tournaments. Emphasize the importance of country, team and sportsmanship.

$100Kprogram expense
02

Help distressed veterans and their families. Honor guards provded for funerals of veterans. Volunteer services for va hospital. Provide a place for veterans and their families to meet and socialize.

$65Kprogram 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 · 1 grant · $11K · 2024–2024
ScholarshipsFY2024$11,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$212K
Ln 12
Fees for servicesLn 2g$145K
Gifts and grantsLn 1h$50K
Other incomeLn 4–11$12K
Money outPt IX
$176K
Ln 25
Programscol B$165K
Managementcol C$11K
Owns and owesPt X
$329K
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$331K
LiabilitiesLn 26$2K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Fees for servicesLn 2g$145K
Investment incomeLn 3$4K
Other incomeLn 4–11$12K
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$183K
Cash and savings togetherLn 1–2$245K
InvestmentsLn 11–13$79K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$331K
LiabilitiesLn 26$2K
Net assetsLn 32$329K
OperationsPt I, VI
EmployeesI 52
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$211K$245K
InvestmentsLn 11–13$87K$79K
Land, buildings, equipmentLn 10c$38$7K
Total assetsLn 16$298K$331K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$296K$329K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Other salaries and wagesLn 7$11K$5K$5K
Payroll taxesLn 10$845$422$423
Accounting feesLn 11c$6K$5K$1K
Office expensesLn 13$7K$4K$4K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$66K$66K
All other expensesLn 24e$72K$72K$82
Total functional expensesLn 25$176K$165K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $153K$170K−$17K$313K 990 PDF
FY2023 Viewing $212K$176K$35K$329K 990 PDF
FY2022 $127K$122K$5K$296K 990 PDF
FY2021 $107K$103K$4K$283K 990 PDF
FY2020 $52K$49K$3K$264K 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 FY2023 990 (6 parts)
Part I · Summary $211,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,058$50,410
I-9 Program service revenuePrior year $65,598$144,935
I-10 Investment incomePrior year $4,523$4,165
I-11 Other revenuePrior year $16,326$12,184
I-12 Total revenuePrior year $126,505$211,694
I-13 Grants and similar amounts paidPrior year $2,000$5,160
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,346$11,804
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $115,311$159,256
I-18 Total expensesPrior year $121,657$176,220
I-19 Revenue less expensesPrior year $4,848$35,474
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $211,694 across 7 lines filed
VIII-1b Membership dues$9,389
VIII-1f All other contributions, gifts and grants$41,021
VIII-1h Total contributions, gifts and grants$50,410
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $144,935$144,935
VIII-3 Investment incomeRelated to mission $4,165$4,165
VIII-8 Net income from fundraising events$12,184
VIII-12 Total revenueRelated to mission $149,100$211,694
Part IX · Statement of functional expenses $176,220 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $5,160$5,160
IX-7 Other salaries and wagesPrograms $5,479 · Management $5,480$10,959
IX-10 Payroll taxesPrograms $422 · Management $423$845
IX-11c Accounting feesPrograms $5,102 · Management $1,276$6,378
IX-13 Office expensesPrograms $3,694 · Management $3,695$7,389
IX-22 Depreciation, depletion and amortizationPrograms $1,211$1,211
IX-23 InsurancePrograms $5,745$5,745
IX-24 Other expenses (24a–d)Programs $66,080$66,080
IX-24e All other expensesPrograms $72,371 · Management $82$72,453
IX-25 Total functional expensesPrograms $165,264 · Management $10,956 · Fundraising $0$176,220
Part X · Balance sheet $331,037 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $34,526$62,089
X-2 Savings and temporary cash investmentsStart of year $176,364$182,589
X-10c Land, buildings and equipment, netStart of year $38$7,035
X-11 Publicly traded securitiesStart of year $87,409$79,324
X-16 Total assetsStart of year $298,337$331,037
X-17 Accounts payable and accrued expensesStart of year $1,252$1,293
X-25 Other liabilitiesStart of year $897$945
X-26 Total liabilitiesStart of year $2,149$2,238
X-32 Total net assets or fund balancesStart of year $296,188$328,799
X-33 Total liabilities and net assetsStart of year $298,337$331,037
Part XI · Reconciliation of net assets $328,799 net assets at year end
XI-1 Total revenue$211,694
XI-2 Total expenses$176,220
XI-3 Revenue less expenses$35,474
XI-4 Net assets at start of year$296,188
XI-5 Net unrealized gains (losses) on investments−$2,863
XI-10 Net assets at end of year$328,799

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

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