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Nonprofiteer
← SPC ZACHARY L SHANNON MEMORIAL POST 2550 INC

Form 990 for tax year 2022

Filed by SPC ZACHARY L SHANNON MEMORIAL POST 2550 INC.

Totals

Total revenue
$446,692
Total expenses
$328,831
Contributions and grants received
$79,530
Grants paid
$14,586
Program service revenue
$1,822
Investment income
-$4,083
Other revenue
$369,423
Total assets, end of year
$871,333
Total liabilities, end of year
$267,617
Net assets or fund balances, end of year
$603,716
Program services expenses (Part IX)
$235,804
Management and general expenses
$93,027
Fundraising expenses
$0
Program service expenses (Part III)
$235,804

Program services were 71.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $8,306

  • 1c · Fundraising events

    $17,241

  • 1d · Related organizations

    $7,674

  • 1f · All other contributions, gifts and grants

    $46,309

  • 2f · All other program service revenue

    total $1,822 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $218 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $400

  • 6c · Rental income or loss

    real property $400

  • 6d · Net rental income or loss

    total $400 · related or exempt $400

  • 7a · Gross sales of assets other than inventory

    other assets $0

  • 7b · Less cost or other basis and sales expenses

    other assets $4,301

  • 7c · Gain or loss

    other assets -$4,301

  • 7d · Net gain or loss

    total -$4,301 · related or exempt -$4,301 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $17,241

  • 9a · Gaming: gross income

    $292,000

  • 9b · Gaming: direct expenses

    $143,141

  • 9c · Net income from gaming

    total $148,859 · unrelated business $81,873 · excluded $66,986

  • 10a · Gross sales of inventory

    $434,570

  • 10b · Cost of goods sold

    $214,406

  • 10c · Net income from sales of inventory

    total $220,164 · related or exempt $220,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,586 · program services $14,586

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $15,203 · program services $15,203

  • 7 · Other salaries and wages

    total $49,001 · program services $49,001 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $5,717 · program services $5,717 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $67 · program services $0 · management and general $67 · fundraising $0

  • 11c · Fees: accounting

    total $3,950 · program services $0 · management and general $3,950 · fundraising $0

  • 12 · Advertising and promotion

    total $503 · program services $0 · management and general $503 · fundraising $0

  • 13 · Office expenses

    total $5,513 · program services $0 · management and general $5,513 · fundraising $0

  • 20 · Interest

    total $14,093 · program services $0 · management and general $14,093 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $29,251 · program services $10,157 · management and general $19,094 · fundraising $0

  • 23 · Insurance

    total $9,428 · program services $0 · management and general $9,428 · fundraising $0

  • 24a · Other expenses: Building Repairs and Maintenance

    total $37,530 · program services $22,451 · management and general $15,079 · fundraising $0

  • 24b · Other expenses: Taxes & Licenses

    total $4,246 · program services $3,265 · management and general $981 · fundraising $0

  • 24c · Other expenses: Storage

    total $792 · program services $0 · management and general $792 · fundraising $0

  • 24d · Other expenses: Other Canteen Costs

    total $108,120 · program services $108,120 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $30,831 · program services $7,304 · management and general $23,527 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,872 · end of year $318,284

  • 2 · Savings and temporary cash investments

    beginning of year $54,872 · end of year $50,369

  • 8 · Inventories for sale or use

    beginning of year $21,877 · end of year $19,281

  • 10a · Land, buildings and equipment: cost or other basis

    $833,356

  • 10b · Land, buildings and equipment: accumulated depreciation

    $349,957

  • 10c · Land, buildings and equipment, net

    beginning of year $514,199 · end of year $483,399

  • 23 · Secured mortgages and notes payable

    beginning of year $324,788 · end of year $267,617

  • 27 · Net assets without donor restrictions

    beginning of year $56,015 · end of year $53,461

  • 28 · Net assets with donor restrictions

    beginning of year $473,017 · end of year $550,255

Mission and programs · 2022

Mission

Support veterans of foreign wars both monitarly and non-monitarly. To offer a place of fellowship to veterans. To promote citizenship in the local community and educational facilities. To promote flag facts and the history behind national patriotic holidays. Citizenship education program fostering patriotism and honoring America's veterans.

  • Member Benefits $7792.37 Ladies Auxilary $461.00 VFW Membership/Post Dues $6950.00

    Expenses $15,203 · Revenue $8,306

  • Scholarships and Awards $0.00 Grants and Assistance To Other Organizations $2260.00 Other Charity Organizations $1826.00 Community Organizations $10500.00

    Expenses $14,586 · Revenue $6,919

  • Canteen Salaries $49001.14 Canteen Payroll Taxes $5717.12 Other Canteen Costs $149807.53 POS System Equipment Rental $1489.53

    Expenses $206,015 · Revenue $220,164

As filed on the 2022 return.

Listed in Part VII

  • Rachel Ann Hughes

    Commander

    Total calculated
    $0
    Hours/week
    40

  • Thomas F Strange

    Senior Vice Commander

    Total calculated
    $0
    Hours/week
    5

  • Dennis W Bovee

    Junior Vice Commander

    Total calculated
    $0
    Hours/week
    5

  • Ronald E Craig

    Quartermaster

    Total calculated
    $0
    Hours/week
    35

  • Robert B Swick

    Chaplain

    Total calculated
    $0
    Hours/week
    1

  • David S Dexter

    1 Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Pete F Mahoney

    2 Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gerald E Osburn

    3 Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Casey H Kiernan

    Adjutant (Appointed)

    Total calculated
    $0
    Hours/week
    1

  • Geordan T Breckley

    Service Officer (Appointed)

    Total calculated
    $0
    Hours/week
    1

  • Chester H Pyatt

    Judge Advocate

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
4 August 2023
IRS schema version
2022v5.0
Source object
202312289349300901

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