0100 Valdez-Rhea

Tax-deductible

Albuquerque, NM501(c)(19)Since 1949EIN 85-0199290Revenue $229K in FY2025

On file with the IRS424 Candelaria Rd Nw, 87107-2402 · Albuquerque, NMTax-exempt since Mar 1946

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Provide a place for US Veterans to socialize. Support of programs for Veterans, their families, youth and education

501(c)(19) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 11 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 6
filings with a surplus
Average deficit $7K a year · 4% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
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
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$229K
-11% vs prior year
Spent
$241K
To programs
100%
Net assets
$39K
By yearFY2020–FY2025
Revenue
$229K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$65K
FY2021$129K
FY2022$251K
FY2023$237K
FY2024$258K
FY2025$229K
Expenses
$241K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$105K
FY2021$144K
FY2022$216K
FY2023$247K
FY2024$259K
FY2025$241K
Net assets
$39K
FY2025▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$34K
FY2021$19K
FY2022$55K
FY2023$51K
FY2024$50K
FY2025$39K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $241K

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

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Who runs it and what they're paid

6 people listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
Past Commander
$10,026Pt VII · Sec A
$0Pt VII · Sec A
Vice Commander
$0Pt VII · Sec A
2nd Vice Commander
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
Sgt at Arms
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Rasmusson———$16,144$10,240$10,240
Damon Davis$10,026$5,486$1,522$4,257$1,961—

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.

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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, their families, and patriotism through various initiatives.

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Provided by the organization

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2 programs · $241K · in their own filed words · FY2025
01

Operated a Social club for US Veterans.

$217Kprogram expense
02

Provided grant funding to Children & Youth programs, Community Service Organizations, and Veterans

$24Kprogram 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 · 2 grants · $35K · 2020–2024
American Legion Department of NMNM · FY2024$5,337
Unitemized GrantFY2020$29,308

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$229K
Ln 12
Other incomeLn 4–11$184K
Gifts and grantsLn 1h$45K
Money outPt IX
$241K
Ln 25
Programscol B$241K
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$43K
LiabilitiesLn 26$4K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$184K
Total revenueLn 12$229K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$477
Total assetsLn 16$43K
LiabilitiesLn 26$4K
Net assetsLn 32$39K
OperationsPt I, VI
EmployeesI 512
VolunteersI 611
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 FY25End FY25
Cash and savingsLn 1–2$48K$37K
Land, buildings, equipmentLn 10c$2K$477
Total assetsLn 16$53K$43K
LiabilitiesLn 26$3K$4K
Net assetsLn 32$50K$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$24K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$68K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$10K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$70K
Advertising and promotionLn 12$215
Office expensesLn 13$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$26K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$43
InterestLn 20$30
Payments to affiliatesLn 21$2K
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$822
All other expensesLn 24e$0
Total functional expensesLn 25$241K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $229K$241K−$12K$39K 990 PDF
FY2024 $258K$259K−$1K$50K 990 PDF
FY2023 $237K$247K−$10K$51K 990 PDF
FY2022 $251K$216K$36K$55K 990 PDF
FY2021 $129K$144K−$15K$19K 990 PDF
FY2020 $65K$105K−$40K$34K 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 FY2025 990 (6 parts)
Part I · Summary $228,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,865$45,288
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $216,499$183,542
I-12 Total revenuePrior year $258,364$228,830
I-13 Grants and similar amounts paidPrior year $21,755$23,680
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $109,733$86,752
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $127,896$130,383
I-18 Total expensesPrior year $259,384$240,815
I-19 Revenue less expensesPrior year −$1,020−$11,985
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $228,830 across 10 lines filed
Lines not itemized here account for $180,875 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$2,051
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$43,237
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$45,288
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,667 · Unrelated business $0 · Excluded from tax $0$2,667
VIII-12 Total revenueRelated to mission $183,542 · Unrelated business $0 · Excluded from tax $0$228,830
Part IX · Statement of functional expenses $240,815 across 31 lines filed
IX-1 Grants to domestic organizations$23,680
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$10,026
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$67,744
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$8,982
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$9,935
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$70,253
IX-12 Advertising and promotion$215
IX-13 Office expenses$2,703
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$25,639
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$43
IX-20 Interest$30
IX-21 Payments to affiliates$2,237
IX-22 Depreciation, depletion and amortization$1,305
IX-23 Insurance$17,201
IX-24 Other expenses (24a–d)$822
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$240,815
Part X · Balance sheet $42,879 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $47,907$37,152
X-8 Inventories for sale or useStart of year $3,678$5,250
X-10c Land, buildings and equipment, netStart of year $1,782$477
X-16 Total assetsStart of year $53,367$42,879
X-17 Accounts payable and accrued expensesStart of year $3,009$3,995
X-26 Total liabilitiesStart of year $3,009$3,995
X-27 Net assets without donor restrictionsStart of year $50,358$38,884
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $50,358$38,884
X-33 Total liabilities and net assetsStart of year $53,367$42,879
Part XI · Reconciliation of net assets $38,884 net assets at year end
XI-1 Total revenue$228,830
XI-2 Total expenses$240,815
XI-3 Revenue less expenses−$11,985
XI-4 Net assets at start of year$50,358
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$508
XI-9 Other changes in net assets$3
XI-10 Net assets at end of year$38,884

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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