Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $1.5m
- Revenue
- $672.7k
- Investments
- $0.0
- Employees
- 53
- Location
- White Bear Lake, MN
- Founding
- 12/1949
- Data as of
- 06/2022
- EIN
- 41-0839633
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota is located in White Bear Lake, 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 06/2022, Veterans Of Foreign Wars Dept Of Minnesota employed 53 individuals. 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 06/2022, Veterans Of Foreign Wars Dept Of Minnesota generated $672.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $294.0k during the year ending 06/2022. 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
BENEFITING AND SERVING THE VFW THROUGH PROVIDING GATHERING FACILITIES, BAR, ACTIVITIES, MONTHLY MEETINGS AND NEWSLETTERS TO INFORM MEMBERS ABOUT ONGOING ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB WHICH OFFERS FOOD AND BEVERAGES YEAR-ROUND TO MEMBERS AND NON-MEMBERS. IT PROVIDES A PLACE TO GATHER FOR MEETINGS AND SOCIAL EVENTS.
LAWFULL GAMBLING CONSISTING OF PULLTABS AND PADDLETICKETS. THIS PROVIDES AN ACTIVITY WHICH RAISES MONEY TO BE USED FOR CHARITABLE EVENTS IN THE AREA. THE EXPENSE AMOUNT ABOVE INCLUDES LAWFUL PURPOSE EXPENSES OF $37,040.
VFW CLUB WHICH OFFERS MEMBERSHIPS AND LOCAL FUNDRAISERS THAT PROVIDE ACTIVITIES AND A PRESENCE IN THE LOCAL COMMUNITY. THIS INCLUDES BOAT SLIP RENTAL INCOME AND EXPENSES PAID BY MEMBERS WHICH HELPS KEEP MEMBERS ACTIVE AT THE LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Brown Commander | OfficerTrustee | 10 | $0 |
Ralph Bianiek Sr. Vice Commander | OfficerTrustee | 10 | $0 |
Robert Krominga Jr. Vice Commander | OfficerTrustee | 10 | $0 |
Robert Gindorff Quartermaster | OfficerTrustee | 15 | $2,400 |
Chris Kneen Chaplin | OfficerTrustee | 15 | $0 |
Gary Carlberg Judge Advocate | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,223 |
| Fundraising events | $10,375 |
| Related organizations | $0 |
| Government grants | $273,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,800 |
| Total Program Service Revenue | $3,410 |
| Investment income | $6,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,044 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $132,879 |
| Net Income from Sales of Inventory | $187,249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,860 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,175 |
| Office expenses | $12,500 |
| 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 | $3,656 |
| Interest | $9 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,251 |
| Insurance | $17,846 |
| All other expenses | $93,000 |
| Total functional expenses | $293,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $766,562 |
| Savings and temporary cash investments | $155,643 |
| 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 | $14,361 |
| Prepaid expenses and deferred charges | $4,250 |
| Net Land, buildings, and equipment | $572,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,214 |
| Total assets | $1,514,410 |
| Accounts payable and accrued expenses | $23,125 |
| 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 | $3,846 |
| Total liabilities | $26,971 |
| 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 | $1,487,439 |
| Total liabilities and net assets/fund balances | $1,514,410 |