American Legion Post 7

Tax-deductible

Durham, NC501(c)(19)Since 1939EIN 56-6063136

American legion post 7 is a division of the american legion of north carolina and the national american legion. The purpose of the american legion is to provideservices to the members and the community as a whole, but especially to veterans and their families.

501(c)(19) charity; gifts are tax-deductible.
11¢ of each $1 spent went to programs.
Run by 35 volunteers and 7 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
4 of 4
filings with a surplus
Average surplus $31K a year · 23% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
11%
of spending
Concern: 11% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 35.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$846
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
+0.7% vs prior year
Spent
$109K
To programs
11%
Net assets
$1.0M
By yearFY2021–FY2024
Revenue
$183K
FY2024▲ +0.7%
Revenue by fiscal year
FY2021$69K
FY2022$124K
FY2023$168K
FY2024$182K
FY2024$183K
Expenses
$109K
FY2024▼ -14%
Expenses by fiscal year
FY2021$59K
FY2022$99K
FY2023$135K
FY2024$127K
FY2024$109K
Net assets
$1.0M
FY2024▲ +8%
Net assets by fiscal year
FY2021$825K
FY2022$850K
FY2023$883K
FY2024$938K
FY2024$1.0M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1954.

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

Where the money goes

11 cents of each dollar spent went to programs.

Program services 11% · $12K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
$2,400Pt VII · Sec A
Finance Officer
$2,400Pt VII · Sec A
Commander
$0Pt VII · Sec A
Vice-Commander
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Charles Preddy$2,400$2,400$2,400$2,400—
Douglas Best$2,400$1,800$2,400$2,400$2,400
Karen McFadden————$2,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See American Legion Post 7 executive salaries →

Are you one of these people? Claim this org to confirm your role

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 their families with community services.

Provided by the organization

This section is blank until American Legion Post 7 claims this page.

Know this organization? Claim it to add your story

1 program service account for $4K of program spending, described in the organization's own filed words · FY2024.
01

Murdoch hospital christmas project

$4Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$183K
Ln 12
Other incomeLn 4–11$145K
Gifts and grantsLn 1h$33K
Investment incomeLn 3$5K
Money outPt IX
$109K
Ln 25
Programscol B$12K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$1.0M
LiabilitiesLn 26$846
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Investment incomeLn 3$5K
Other incomeLn 4–11$145K
Gains on assetsLn 7$0
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2$186K
Cash and savings togetherLn 1–2$321K
Land, buildings, equipmentLn 10c$690K
Total assetsLn 16$1.0M
LiabilitiesLn 26$846
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 635
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$247K$321K
Land, buildings, equipmentLn 10c$690K$690K
Total assetsLn 16$939K$1.0M
LiabilitiesLn 26$684$846
Net assetsLn 32$938K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$11K
Pay of current officers, directors and key staffLn 5$5K
Other salaries and wagesLn 7$25K
Payroll taxesLn 10$4K
Accounting feesLn 11c$895
Office expensesLn 13$2K
OccupancyLn 16$43K
Conferences, conventions and meetingsLn 19$546
Payments to affiliatesLn 21$5K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$611
Other expenses (24a–d)Ln 24$12K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$109K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $182K$127K$55K$938K 990 PDF
FY2023 $168K$135K$33K$883K 990 PDF
FY2022 $124K$99K$25K$850K 990 PDF
FY2021 $69K$59K$10K$825K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 $183,305 across 8 lines filed
Lines not itemized here account for $144,842 of total revenue; see the IRS return.
VIII-1b Membership dues$6,842
VIII-1f All other contributions, gifts and grants$13,410
VIII-1h Total contributions, gifts and grants$33,398
VIII-3 Investment income$5,065
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$183,305
Part IX · Statement of functional expenses $109,238 across 13 lines filed
IX-4 Benefits paid to or for members$11,342
IX-5 Pay of current officers, directors and key staff$4,800
IX-7 Other salaries and wages$25,448
IX-10 Payroll taxes$3,652
IX-11c Accounting fees$895
IX-13 Office expenses$1,589
IX-16 Occupancy$42,586
IX-19 Conferences, conventions and meetings$546
IX-21 Payments to affiliates$5,430
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$611
IX-24 Other expenses (24a–d)$12,339
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$109,238
Part X · Balance sheet $1,012,926 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $165,399$134,563
X-2 Savings and temporary cash investmentsStart of year $81,334$186,399
X-8 Inventories for sale or useStart of year $1,500$1,500
X-10c Land, buildings and equipment, netStart of year $690,464$690,464
X-16 Total assetsStart of year $938,697$1,012,926
X-25 Other liabilitiesStart of year $684$846
X-26 Total liabilitiesStart of year $684$846
X-32 Total net assets or fund balancesStart of year $938,013$1,012,080
X-33 Total liabilities and net assetsStart of year $938,697$1,012,926
Part XI · Reconciliation of net assets $1,012,080 net assets at year end
XI-1 Total revenue$183,305
XI-2 Total expenses$109,238
XI-3 Revenue less expenses$74,067
XI-4 Net assets at start of year$938,013
XI-10 Net assets at end of year$1,012,080

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.