Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $336.7k
- Revenue
- $225.7k
- Investments
- $0.0
- Employees
- 37
- Location
- Saint Cloud, MN
- Founding
- 12/1949
- Data as of
- 12/2022
- EIN
- 41-0641065
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota, operating under the name Granite 428 Vfw - Minnesota, is located in Saint Cloud, MN. The organization was established in 1949. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Granite 428 Vfw - Minnesota employed 37 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Granite 428 Vfw - Minnesota is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 12/2022, Granite 428 Vfw - Minnesota generated $225.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $299.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THOSE WHO SACRIFICE SO MUCH FOR THIS COUNTRY-VETERANS AND FAMILIES OF THOSE CURRENTLY SERVING IN OUR US ARMED FORCES, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A COMMON MEETING AREA FOR ALL VETERANS OF FOREIGN WARS AND PROVIDES A FACILITY FOR VARIOUS OTHER NON-PROFIT ORGANIZATIONS TO UTILIZE FOR MEETINGS AND VARIOUS ACTIVITIES.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Caputo Senior Vice | OfficerTrustee | 5 | $0 |
Dennis L Hennen Quartermast | OfficerTrustee | 10 | $0 |
Mike Jaeger Trustee-3 Ye | Trustee | 1 | $0 |
Jerry Jansky Trustee-2 Ye | Trustee | 1 | $0 |
Steven Mccarter Adjutant | OfficerTrustee | 1 | $0 |
Michael O'donnell Trustee-1 Ye | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,540 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,655 |
| Total Program Service Revenue | $29,035 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$97,144 |
| Net Income from Sales of Inventory | $277,145 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,228 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,053 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,256 |
| Office expenses | $5,482 |
| Information technology | $2,299 |
| Royalties | $0 |
| Occupancy | $8,787 |
| Travel | $300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,619 |
| Insurance | $11,741 |
| All other expenses | $29,093 |
| Total functional expenses | $299,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,477 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,817 |
| Prepaid expenses and deferred charges | $67,311 |
| Net Land, buildings, and equipment | $140,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,676 |
| Accounts payable and accrued expenses | $12,517 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,340 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,857 |
| Net assets without donor restrictions | $306,819 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $336,676 |