Civic Intelligence

American Legion

990 • Fiscal year 2015 • EIN 56-0811156

Jun 01, 2014 to May 31, 2015 • Filed on Jan 13, 2016

Organization ProfileNONE
PO Box 11268Charlotte, NC 28220

(704) 394-1776

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)19 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)19 • <$500k nonprofits • Source year 2015

Net Margin

5th percentile

-64%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)19 • <$500k nonprofits • Source year 2015

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)19 • <$500k nonprofits • Source year 2015

Asset Growth

19th percentile

-9.1%

Faster asset growth than 19% of similar nonprofits.

2015 filings • 501(c)19 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-11%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)19 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$279,411

Down $27,964 (-9.1%) from 2014

Net Assets

Down

$278,111

Down $26,729 (-8.8%) from 2014

Liabilities

Down

$1,300

Down $1,235 (-49%) from 2014

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin5th percentile

Revenue

Down

$41,650

Down $5,099 (-11%) from 2014

Expenses

Down

$68,379

Down $2,848 (-4.0%) from 2014

Net Income

Down

-$26,729

Down $2,251 (-9.2%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $388,167Liabilities 2010: $5,462Net Assets 2010: $382,7052010Assets 2011: $379,032Liabilities 2011: $2,925Net Assets 2011: $376,1072011Assets 2012: $335,232Liabilities 2012: $2,932Net Assets 2012: $332,3002012Assets 2013: $324,717Liabilities 2013: $2,710Net Assets 2013: $322,0072013Assets 2014: $307,375Liabilities 2014: $2,535Net Assets 2014: $304,8402014Assets 2015: $279,411Liabilities 2015: $1,300Net Assets 2015: $278,1112015Assets 2016: $258,941Liabilities 2016: $897Net Assets 2016: $258,0442016

Highlighted filing

2015

Assets$279,411
Liabilities$1,300
Net Assets$278,111
Open 2015 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $72,241Expenses 2010: $120,538Net Income 2010: -$48,2972010Revenue 2011: $98,590Expenses 2011: $105,188Net Income 2011: -$6,5982011Expenses 2012: $79,7312012Revenue 2013: $61,480Expenses 2013: $71,773Net Income 2013: -$10,2932013Revenue 2014: $46,749Expenses 2014: $71,227Net Income 2014: -$24,4782014Revenue 2015: $41,650Expenses 2015: $68,379Net Income 2015: -$26,7292015Revenue 2016: $37,544Expenses 2016: $57,612Net Income 2016: -$20,0682016

Highlighted filing

2015

Revenue$41,650
Expenses$68,379
Net Income-$26,729
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Jan 13, 2016
Return Version
2014v6.0
Gross Receipts
$50,301
Mission and Program Overview

Mission

The american legion is a congressionally chartered mutual-aid organization of united states founded to benefit military veterans. It does this by providing a venue for legionaire's gatherings and events and by sponsoring and organizing such events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$199,635$175,997▼ $23,638
Land, Buildings, and Equipment, Net$103,069$98,953▼ $4,116
Cash and Non-Interest-Bearing Accounts$4,406$4,165▼ $241
Inventories for Sale or Use$266$296▲ $30
Total Assets$307,375$279,411▼ $27,964
Other Assets Total$-1--
Liabilities
Accounts Payable and Accrued Expenses$1,635$1,300▼ $335
Other Liabilities$900--
Total Liabilities$2,535$1,300▼ $1,235
Net Assets / Fund Balance
Unrestricted Net Assets$304,840$278,111▼ $26,729
Total Net Assets Fund Balance$304,840$278,111▼ $26,729
Total Liabilities and Net Assets / Fund Balance$307,375$279,411▼ $27,964

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$184,047$184,047
Equipment$34,547$94,738$129,285
Leasehold Improvements$81,201$30,080$111,281
Other Land Buildings$-20,826$58,708$37,882
Land$4,031-$4,031
Investment Program Related Org$13,645--
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Gene EichlerTrustee
Hance G HarmonAdjutant
Marvin CaffeeChaplin
Sylvester GoodCommander
Bob BurnsExecutive Bo
Joe LandExecutive Bo
Gerald YoungFinance Offi
Bruce PhillipsHistorian
Robert ReedIst Vice COM
Skip HuntPost Command
Joe GuarinoSergeant at
Harvey WhiteSergeant-arm
Jim WilsonService Offi
Chuck BurchStaff Judge
Revenue and Support

Revenue Composition

Contributions and Grants
$801
Program Service Revenue
$5,927
Investment Income
$1,362
Other Revenue
$33,560
All Other Contributions
$801
Change in Net Assets
$-26,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$28,405--$28,405
Insurance$5,708--$5,708
Fees for Services Accounting$2,247$2,248-$4,495
Depreciation Depletion$4,424--$4,424
Payments to Affiliates$2,903--$2,903
All Other Expenses$2,717--$2,717
Conferences and Meetings$1,997--$1,997
Other Expenses$975--$975
Office Expenses$345--$345
Travel$201--$201
Interest$29--$29
Total Functional Expenses$66,131$2,248$0$68,379
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,607
Fundraising Direct Expenses$4,011
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review is performed. The organization's financial reports are compiled only.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
American Legion Post 262 Inc
EIN
56-0811156
Phone
7043941776
Address
PO BOX 11268, CHARLOTTE, NC 28220

Signing Officer

Name
Gerald Young
Title
Finance Officer
Phone
7043941776
Signed
2016-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sylvester Goode
Formed
1947
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Gerard Overman CPA Pa
Address
2215 PARK ROAD, CHARLOTTE, NC 28203
Preparer
Gerard Overman
Phone
7043756420
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The american legion is a congressionally chartered mutual-aid organization of united states founded to benefit military veterans. It does this by providing a venue for legionaire's gatherings and events and by sponsoring and organizing such events.”

Form 990, Part XI, Line 9

“Unrealized gain (loss) investment values 0”

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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE A FACILITY AND SETTING FOR FORMAL AND INFORMAL GATHERINGS, EVENTS, DANCES AND OTHER SOCIAL AND CHARITABLE ACTIVITIES OF FOR AND BY THE LEGIONAIRES AND OTHER VETERANS.
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IRS990/PYProgramServiceRevenueAmt04578
IRS990/PYRevenuesLessExpensesAmt0-24478
IRS990/PYTotalExpensesAmt071227
IRS990/PYTotalRevenueAmt046749
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-26729
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt030729
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184047
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0184047
IRS990ScheduleD/EquipmentGrp/BookValueAmt034547
IRS990ScheduleD/EquipmentGrp/DepreciationAmt094738
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129285
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt065140
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt161146
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt236066
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt313645
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PACIFIC LIFE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1EQUITABLE LIFE ASSURANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2GREENLEAF LILLY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3SOUTHEAST INVESTMENTS 008 753
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/LandGrp/BookValueAmt04031
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04031
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt081201
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030080
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0111281
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-20826
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058708
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037882
IRS990ScheduleD/TotalBookValueLandBuildingsAmt098953
IRS990ScheduleD/TotalBookValueProgramRltdAmt0175997
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AMERICAN LEGION IS A CONGRESSIONALLY CHARTERED MUTUAL-AID ORGANIZATION OF UNITED STATES FOUNDED TO BENEFIT MILITARY VETERANS. IT DOES THIS BY PROVIDING A VENUE FOR LEGIONAIRE'S GATHERINGS AND EVENTS AND BY SPONSORING AND ORGANIZING SUCH EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW IS PERFORMED. THE ORGANIZATION'S FINANCIAL REPORTS ARE COMPILED ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED GAIN (LOSS) INVESTMENT VALUES 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0307375
IRS990/TotalAssetsEOYAmt0279411
IRS990/TotalAssetsGrp/BOYAmt0307375
IRS990/TotalAssetsGrp/EOYAmt0279411
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0801
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02248
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt066131
IRS990/TotalFunctionalExpensesGrp/TotalAmt068379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02535
IRS990/TotalLiabilitiesEOYAmt01300
IRS990/TotalLiabilitiesGrp/BOYAmt02535
IRS990/TotalLiabilitiesGrp/EOYAmt01300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0304840
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0278111
IRS990/TotalProgramServiceExpensesAmt066131
IRS990/TotalProgramServiceRevenueAmt05927
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039253
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041650
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0307375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0279411
IRS990/TravelGrp/ProgramServicesAmt0201
IRS990/TravelGrp/TotalAmt0201
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0304840
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0278111
IRS990/USAddress/AddressLine1Txt0500 YUMA ST
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028213
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07043941776
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMERICAN LEGION POST 262 INC
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0560811156
ReturnHeader/Filer/PhoneNum07043941776
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 11268
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028220
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561728049
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GERARD OVERMAN CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02215 PARK ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028203
ReturnHeader/PreparerPersonGrp/PhoneNum07043756420
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERARD OVERMAN
ReturnHeader/ReturnTs02016-01-13T14:51:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$279,411
Liabilities
$1,300
Net assets
$278,111
Revenue
$41,650
Expenses
$68,379
Net income
-$26,729
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$2.59$0.01$2.58$0.38$0.58$0.20
2015Detailed filing. Detailed filing data is available for this year.$2.79$0.01$2.78$0.42$0.68$0.27
2014Detailed filing. Detailed filing data is available for this year.$3.07$0.03$3.05$0.47$0.71$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.03$3.22$0.61$0.72$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.03$3.32$0.80
2011Summary only. Only limited summary data is available for this year.$3.79$0.03$3.76$0.99$1.05$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.05$3.83$0.72$1.21$0.48