Form990-EZ
Click to see list of attachments
Department of the Treasury
Internal Revenue Service
Short Form
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
bullet Do not enter social security numbers on this form as it may be made public.
bullet Information about Form 990-EZ and its instructions is at www.irs.gov/form990.
OMB No. 1545-1150
2014
Open to Public
Inspection
A
For the 2014 calendar year, or tax year beginning 01-01-2014, and ending 12-31-2014
B
Check if applicable:
C Name of organization
506th Airborne Infantry Regiment
Association
Number and street (or P. O. box, if mail is not delivered to street address)950 Glenn Drive
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code Folsom, CA95630
D Employer identification number

91-2088108
E Telephone number

(855) 506-0506
F Group Exemption
Numberbullet  
G Accounting Method: Other (specify) bullet   H Check bulletI Website:bulletwww.506infantry.orgJ Tax-exempt status(check only one) - ( 19) bullet(insert no.) or
K Form of organization:  
L Add lines 5b, 6c, and 7b to line 9 to determine gross receipts. If gross receipts are $200,000 or more, or if total assets (Part II, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ . . . . . . . . . bullet $ 38,408
Part I
Revenue, Expenses, and Changes in Net Assets or Fund Balances (see the instructions for Part I)Check if the organization used Schedule O to respond to any question in this Part I..................
VerticalRevenue 1 Contributions, gifts, grants, and similar amounts received............... 1 11,471
2 Program service revenue including government fees and contracts ............ 2 8,160
3 Membership dues and assessments...................... 3 14,767
4 Investment income........................... 4 518
5a Gross amount from sale of assets other than inventory........ 5a  
b Less: cost or other basis and sales expenses........... 5b 0
c Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ...... 5c  
6 Gaming and fundraising events
a Gross income from gaming (attach Schedule G if greater than $15,000) . 6a  
b Gross income from fundraising events (not including $   of contributions
from fundraising events reported on line 1) (attach Schedule G if the
sum of such gross income and contributions exceeds $15,000) 6b 0
c Less: direct expenses from gaming and fundraising events....... 6c 0
d Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c) 6d  
7a Gross sales of inventory, less returns and allowances........ 7a 2,819
b Less: cost of goods sold................. 7b 2,370
c Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) ......... 7c 449
8 Other revenue (describe in Schedule O) ..................... 8 673
9 Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8.............. Bullet 9 36,038
VerticalExpenses 10 Grants and similar amounts paid (list in Schedule O) ................. 10 7,590
11 Benefits paid to or for members........................ 11  
12 Salaries, other compensation, and employee benefits................ 12  
13 Professional fees and other payments to independent contractors............ 13 15,695
14 Occupancy, rent, utilities, and maintenance................... 14  
15 Printing, publications, postage, and shipping................... 15 308
16 Other expenses (describe in Schedule O) .................... 16 27,307
17 Total expenses. Add lines 10 through 16 ................. Bullet 17 50,900
VerticalNetAssets 18 Excess or (deficit) for the year (Subtract line 17 from line 9)............ 18 -14,862
19 Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
end-of-year figure reported on prior year’s return)................ 19 148,615
20 Other changes in net assets or fund balances (explain in Schedule O) .......... 20  
21 Net assets or fund balances at end of year. Combine lines 18 through 20.........Bullet 21 133,753
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 10642I Form 990-EZ (2014)
Form 990-EZ (2014)
Page 2
Part IIBalance Sheets (see the instructions for Part II)Check if the organization used Schedule O to respond to any question in this Part II.................

(A) Beginning of year(B) End of year
22Cash, savings, and investments................
161,625
22
149,431
23Land and buildings....................
 
23
 
24Other assets (describe in Schedule O) ..........
9,891
24
7,334
25Total assets......................
171,516
25
156,765
26
Total liabilities (describe in Schedule O) .............
22,901
26
23,012
27Net assets or fund balances (line 27 of column (B) must agree with line 21)..
148,615
27
133,753
Part IIIStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? The mission of the Association is to preserve, honor and convey the camaraderie, commitment, accomplishments and traditions of the 506th Parachute Infantry Regiment (WWII) and its successor units. These include the 506th Infantry (Basic Training), the 1st Airborne Battle Group 506th Infantry; the 506th Infantry (Airborne); the 506th Infantry (Airmobile); the 506th Infantry (Air Assault); and the 4th Brigade Combat Team, 506th Infantry Regiment (Currahee) and of all those served in it. We do this by: Gathering, maintaining and conveying historical records, personal stories and artifacts about the Regiment and those who were a part of it. Assisting 506th Veterans in locating and maintaining contact with other Currahees and with the Regiment; Promoting activities that perpetuate camaraderie and esprit de corps among Currahees of all eras; and Providing services and benefits to Active Duty and Veteran Currahees and their families during times of need.We welcome all Currahees who have serve
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 Association operations are supported by Membership Dues, Donations, Sponsorships and Advertising. Officers and Committee Members are volunteers who receive no compensation or reimbursement for personal expenses. Operating funds are used only for Association unaffiliated third party expenses. Association charitable programs are supported by donations made to each specific charitable program. 100% of charitable program donations are used for such programs and not for administrative expenses.MORALE FUND: After careful consideration, the 506th Association has decided to reinstate the Currahee Packages Project and to rename it so that it more accurately reflects what this fund will attempt to provide in the way of support for the active duty soldiers of the 506th Infantry Regiment. This Fund is used to provide morale boosting items such as Currahee Battle Flags, 506th Association PX items, and other products that will be purchased and sent to our troops.WOWS FUND: The Widows, Orphans, and Wounded Soldiers Fund (WO&WS) has identified a number of needs in order to support the active duty troops of the 4th Brigade Combat Team while they are deployed to Afghanistan 2013 - 2014.WIA in US Hospitals: if a WIA soldier is transported to the United States, the Hospital Visitation Teams from the 506th Association spring into action. Working closely with the 4th BCT Rear Detachment at Fort Campbell, KY, the Association is notified of any incoming wounded. A representative of the Association visits soldiers in hospitals throughout the United States. This representative assists the soldier and any visiting family members in any way possible. In addition, the Association representative presents a number of items to the soldier who has been injured. These items include the following:4th BCT Low-Profile Hat 506th Association Challenge Coin 506th Association Gym/Duffel Bag Currahee Battle Flag Currahee Battle Flag Pin Static Cling Currahee Decal Families of KIA Soldiers: at funeral/burial services, a 506th Association representative presents a Currahee Battle Flag and Currahee Battle Flag Pins to the family of any soldier who is KIA. The 506th Association provides additional items, including a luncheon at the Dining Facility (DFAC) and flowers, at the monthly Eagle Remembrance Ceremony at Fort Campbell, KY.Grants to WIA Soldiers and Their Families: if there is a financial hardship which involves either the wounded soldier or their family, the WO&WS Fund may award a monetary grant to provide assistance during their time of need. A need may be identified by the family of the soldier WIA, the 506th Association Representative or the 4th BCT Rear Detachment at Fort Campbell. The WO&WS Fund has been able to assist the following families and/or individuals during their time of need.SCHOLARSHIP FUND: The 506th Association currently awards four $1,000 scholarships thanks, in part, to the generosity of Gene Overton, John Lally and Carol Sullivan. Gene, John and Carol have agreed to fund named awards within our scholarship program. The 506th Association membership along with friends of the Association fund the fourth award. These are yearly awards. There is an application process that starts on January 1st of each year. Applications are accepted until April 30th. The Scholarship Committee meets in late May or June to pick the winners. Winners are usually announced in late June or July and scholarship checks are forwarded to the institutions students are or will be attending in August.KIA MEMORIAL FUND: More than 1,400 Currahees have made the supreme sacrifice for our country. You may have known some of them. But what you may not know is that there was no single memorial to all the soldiers of our Regiment who have been killed in action. This tribute to our fallen is being paid for by people like you. The Army has provided the land; however, soldiers, and veterans, along with Currahee friends and family, have come together to make this dream a reality.The granite stones were put in place, and the formal dedication was held on November 12, 2009. After two more years of fund raising, we had the funds required to pay for the engraving of the WWII and Vietnam KIA names (and the re-engraving of the Iraq and Afghanistan KIA names) on their designated stone tablets. With all of the engraving complete, a Rededication Ceremony was held on November 11, 2011. Money collected then now on is being used for landscaping and perpetual care of the memorial.
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet		 28a  
29
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		29a
30
(Grants $   ) If this amount includes foreign grants, check here ...MediumBullet 		30a
31 Other program services (describe in Schedule O)
(Grants $   ) If this amount includes foreign grants, check here...MediumBullet		 31a
32 Total program service expenses (add lines 28a through 31a).......... bullet 32  
Part IV
List of Officers, Directors, Trustees, and Key Employees (list each one even if not compensated — see the instructions for Part IV)Check if the organization used Schedule O to respond to any question in this Part IV............
(a) Name and title (b) Average
hours per week
devoted to position		 (c)Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-) 		(d) Health benefits, contributions to employee benefit plans,
and deferred compensation		 (e) Estimated amount
of other compensation
John Lally  
Chairman 		18.00 0    
John J Johnson  
Secretary 		5.00 0    
MAJRet Tom Duckett  
Treasurer 		2.00 0    
Chris Garrett  
Director 		2.00 0    
CSMRet Tim Coop  
Director 		2.00 0    
COLRet Bob Seitz  
Director 		2.00 0    
Fred May  
Director 		5.00 0    
Eugene L Overton Jr  
Director 		7.00 0    
CSMRet Charles Fitzpatrick  
Director 		2.00 0    
Association Resource Center  
Executive Dir. 		5.00 0    
Gary Gilliam  
Director 		2.00 0    
Form 990-EZ (2014)
Form 990-EZ (2014)
Page 3
Part V
Other Information
(Note the Schedule A and personal benefit contract statement requirements in the
instructions for Part V.) Check if the organization used Schedule O to respond to any question in this Part V.......
Yes
No
33
Did the organization engage in any significant activity not previously reported to the IRS? If "Yes," provide a detailed description of each activity in Schedule O ...................
33
 
No
34
Were any significant changes made to the organizing or governing documents? If "Yes," attach a conformed copy of the amended documents if they reflect a change to the organization’s name. Otherwise, explain the changeon Schedule O (see instructions) ..........................
34
 
No
35a
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities (such as those reported on lines 2, 6a, and 7a, among others)? ............
35a
 
No
b
If "Yes," to line 35a, has the organization filed a Form 990-T for the year? If "No," provide an explanation in Schedule O
35b
 
No
c
Was the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements during the year? If "Yes," complete Schedule C, Part III
35c
 
No
36
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If “Yes," complete applicable parts of Schedule N ................
36
 
No
37a
Enter amount of political expenditures, direct or indirect, as described in the instructions. bullet
37a
 
b
Did the organization file Form 1120-POL for this year?...................
37b
 
No
38a
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were
any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?..
38a
 
No
b
If “Yes," complete Schedule L, Part II and enter the total amount involved .
38b
 
39
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on line 9.......
39a
0
b
Gross receipts, included on line 9, for public use of club facilities.....
39b
0
40a
Section 501(c)(3) organizations. Enter amount of tax imposed on the organization during the year under:
section 4911 bullet   ; section 4912 bullet   ; section 4955 bullet  
b
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I
40b
 
 
c
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958bullet  
d
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Enter amount of tax on line 40c reimbursed by the organization...........bullet  
e
All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If "Yes," complete Form 8886-T ......................
40e
 
No
41List the states with which a copy of this return is filed. bullet
42aThe organization's books are in care of bullet506th Airborne Infantry Telephone no. bullet (855) 506-0506
Located at bullet950 Glenn DriveFolsom,CA ZIP + 4bullet95630
b
At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
Yes
No
42b
 
No
If “Yes," enter the name of the foreign country: bullet
See the instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)
c
At any time during the calendar year, did the organization maintain an office outside the U.S.? . . .
42c
 
No
If “Yes," enter the name of the foreign country: bullet
43......bullet
and enter the amount of tax-exempt interest received or accrued during the tax year....bullet43
 
Yes
No
44a
Did the organization maintain any donor advised funds during the year? If "Yes," Form 990 must be completed instead of
Form 990-EZ................................
44a
 
No
b
Did the organization operate one or more hospital facilities during the year? If "Yes," Form 990 must be completedinstead of Form 990-EZ.............................
44b
 
No
c
Did the organization receive any payments for indoor tanning services during the year?.........
44c
 
No
d
If "Yes," to line 44c, has the organization filed a Form 720 to report these payments? If "No," provide an
explanation in Schedule O ............................
44d
 
No
45a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?.........
45a
 
No
45b
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," Form 990 and Schedule R may need to be completed instead of Form 990-EZ (see instructions)......................
45b
 
No
Form 990-EZ (2014)
Form 990-EZ (2014)
Page 4
Yes
No
46
Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition tocandidates for public office? If “Yes," complete Schedule C, Part I. ..............
46
 
No
Part VI
Section 501(c)(3) organizations only All section 501(c)(3) organizations must answer questions 47-49b and 52, and complete the tables for lines 50 and 51 Check if the organization used Schedule O to respond to any question in this Part VI ................
Yes
No
47
Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................
47
 
 
48
Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..
48
 
 
49a
Did the organization make any transfers to an exempt non-charitable related organization?......
49a
 
 
b
If "Yes," was the related organization a section 527 organization?................
49b
 
 
50
Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and title of each employee (b) Average
hours per week
devoted to position		 (c) Reportable compensation
(Forms W-2/1099-MISC) 		(d) Health benefits, contributions to employee benefit plans, and deferred compensation (e) Estimated amount of other compensation
NONE
f
Total number of other employees paid over $100,000 .................bullet  

51
Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."
(a) Name and business address of each independent contractor (b) Type of service (c) Compensation
NONE
d
Total number of other independent contractors each receiving over $100,000..........bullet  
52
Did the organization complete Schedule A? NOTE. All Section 501(c)(3) organizations must attach a completed Schedule A ...............bullet
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name bullet

Firm's EIN bullet
Firm's address bullet



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
Form 990-EZ (2014)


Form 990-EZ, Special Condition Description:
Special Condition Description

Additional Data


Software ID: 14000265
Software Version: 2014v5.0
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
506th Airborne Infantry Regiment
Association
Employer identification number

91-2088108
Return Reference Explanation
Other Revenue.1 Miscellaneous $673
Grants and Similar Amounts Paid In Excess of $5,000.1 | Donee's Name: Various less than $5,000 each | Donee's Address: 950 Glenn Drive Folsom, CA 95630 | Relationship of Donee: None | Cash Amount Given: $7590
Other Expenses.1 Reunion expenses $8475
Other Expenses.2 Charitable Fund expenses $6701
Other Expenses.3 Newsletter $4971
Other Expenses.4 Website $4300
Other Expenses.5 Credit Card Fees $972
Other Expenses.6 Membership $548
Other Expenses.7 Awards $448
Other Expenses.8 Telephone $357
Other Expenses.9 E-Newsletter $211
Other Expenses.11 Roster $193
Other Expenses.13 Miscellaneous $100
Other Expenses.14 Taxes and fees $31
Other Assets.1 Prepaid expenses - Beginning $418 Prepaid expenses - Ending $0
Other Assets.2 Inventory - Beginning $9473 Inventory - Ending $7334
Total Liabilities.1 - Beginning $22901 - Ending $23012
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID: 14000265
Software Version: 2014v5.0