Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $489.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chatfield, MN
- Founding
- 12/1949
- Data as of
- 12/2023
- EIN
- 41-0741650
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota is located in Chatfield, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreign Wars Dept Of 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 12/2023, Veterans Of Foreign Wars Dept Of Minnesota generated $57.0k 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 (4.5%) each year. All expenses for the organization totaled $54.6k during the year ending 12/2023. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lane Quarter Master | 1 | $0 | |
Dean Rabe Sr Vice Commander/sgt At Arms | 4 | $0 | |
Gary Eisenman Jr Vice Commander | 1 | $0 | |
Dale Rodgers Commander | 6 | $0 | |
Larry Vonhoff Adjuntant | 1 | $0 | |
Matthew Mcclellan Chaplain | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $307 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,756 |
| Total Revenue | $56,979 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,690 |
| Professional fees and other payments to independent contractors | $1,718 |
| Occupancy, rent, utilities, and maintenance | $9,891 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,260 |
| Total expenses | $54,559 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $282,364 |
| Other assets | $0 |
| Total assets | $489,198 |
| Total liabilities | $0 |
| Net assets or fund balances | $489,198 |