2020
THE AMERICAN LEGION NATIONAL HEADQUARTERS CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, 2019 and 2018
THE AMERICAN LEGION NATIONAL HEADQUARTERS CONSOLIDATED STATEMENT OF ACTIVITIES Year ended December 31, 2019
Revenue, gains and other support National member dues Direct membership solicitations Member service fees income Affinity income Sales of emblem items Advertising Contributions Label and printing fees Interest and dividends, net of fees Net realized losses - investments Other Net assets released from restriction Total revenues, gains, and other support Expenses Salaries Employee benefits Cost of sales – Legion Department and magazine costs Direct publications Executive, staff and program travel Commission and committee Printing and postage Scholarships, grants and awards Office and other operating Occupancy and usage Special projects and programs Change in net assets from operations Net unrealized gain – investments Net change in PUFL Amortization of pension loss Pension-related changes other than net periodic pension cost
Without Donor Restriction $ 29,293,372 5,887,420 449,344 4,000,000 14,283,830 8,032,884 12,863,986 347,473 2,044,411 (110,044) 3,412,106 80,504,782 3,721,305
With Donor Restriction $
Total
5,747,894 1,172,374 (162,997) 1,441,758 8,199,029 (3,721,305)
$ 29,293,372 5,887,420 449,344 4,000,000 14,283,830 8,032,884 18,611,880 347,473 3,216,785 (273,041) 4,853,864 88,703,811 -
84,226,087
4,477,724
88,703,811
14,587,909 6,662,698 7,834,317 1,381,692 10,004,545 3,671,878 1,772,354 14,480,642 3,323,903 14,495,363 2,197,550 3,809,444 84,222,295
-
14,587,909 6,662,698 7,834,317 1,381,692 10,004,545 3,671,878 1,772,354 14,480,642 3,323,903 14,495,363 2,197,550 3,809,444 84,222,295
3,792
4,477,724
4,481,516
2,765,626 497,406 (1,996,688)
2,001,018 -
4,766,644 497,406 (1,996,688)
(36,751)
-
(36,751)
Change in net assets
1,233,385
6,478,742
7,712,127
Net assets, beginning of year
9,753,041
41,700,692
51,453,733
$ 10,986,426
$ 48,179,434
$ 59,165,860
Net assets, end of year
See accompanying notes to consolidated financial statements.
52 The American Legion Annual Report | 2020