Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $762.4k
- Revenue
- $905.2k
- Investments
- $0.0
- Employees
- 75
- Location
- Crystal, MN
- Founding
- 12/1949
- Data as of
- 12/2023
- EIN
- 41-0763665
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota, operating under the name Charles R Knaeble Vfw Post 494, is located in Crystal, 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 12/2023, Charles R Knaeble Vfw Post 494 employed 75 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Charles R Knaeble Vfw Post 494 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, Charles R Knaeble Vfw Post 494 generated $905.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $913.2k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charles R Knaeble Vfw Post 494 has awarded 30 individual grants totaling $550,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENABLING THE CARE OF THE VETERAN, HIS WIDOW AND ORPHANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO NUMEROUS VETERANS AND COMMUNITY ORGANIZATIONS WITH GRANTS OF $192,245.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Leamons 2nd Yr Trustee | Trustee | 0 | $0 |
Fred Crimmins 3rd Yr Trusteeofficer Of The | Trustee | 0 | $0 |
John Faulk 3rd Yr Trustee | Trustee | 0 | $0 |
Sandra Lindley Jr Vice Commander | Officer | 0 | $0 |
Bill Blair Door Guard | Officer | 0 | $0 |
Ken Olson Sr Vice Commander | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,444 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,154 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,232 |
| Net Income from Gaming Activities | $69,151 |
| Net Income from Sales of Inventory | $782,971 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $905,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,545 |
| Grants and other assistance to domestic individuals. | $1,700 |
| 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 | $450,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $55,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $598 |
| Office expenses | $4,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,284 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,082 |
| Insurance | $28,018 |
| All other expenses | $139,499 |
| Total functional expenses | $913,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,397 |
| Savings and temporary cash investments | $102,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,694 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $496,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $762,357 |
| Accounts payable and accrued expenses | $145,643 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $145,643 |
| Net assets without donor restrictions | $0 |
| 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 | $616,714 |
| Total liabilities and net assets/fund balances | $762,357 |
Grants Awarded
Over the last fiscal year, Veterans Of Foreign Wars Dept Of Minnesota has awarded $85,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CRESENT COVE PURPOSE: HOSPICE CARE FOR CHILDREN | $12,500 |
NEAR FOOD SHELF PURPOSE: FEED NEEDY PERSONS | $12,500 |
CITY OF CRYSTAL MN PURPOSE: CIVIC PROGRAMS | $27,000 |
VETERANS ON THE LAKE PURPOSE: VACATIONS FOR DISABLED VETERANS | $5,000 |
MPLS VA COMM RESOURCE CENTER PURPOSE: VETERAN ASSISTANCE | $6,000 |
EVERY THIRD SATURDAY PURPOSE: VETERAN CARE | $11,000 |