Veterans Of Foreign Wars Dept Of Minnesota

Organization Overview

Veterans Of Foreign Wars Dept Of Minnesota is located in Wabasha, MN. The organization was established in 1962. 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 12/2021, Veterans Of Foreign Wars Dept Of Minnesota employed 27 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 12/2021, Veterans Of Foreign Wars Dept Of Minnesota generated $358.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $361.8k during the year ending 12/2021. While expenses have increased by 3.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES FUNDING FOR LOCAL CHARITABLE ORGANIZATIONS FUNDED THROUGH THE GAMBLING OPERATIONS ALONG WITH PROVIDING A SOCIAL ENVIRONMENT FOR VETERANS

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDING LOCAL CHARITABLE ORGANIZATAIONS WITH GAMBLING PROCEEDS AND PROVIDING A SOCIAL ENVIORNMENT FOR VETERANS


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Board, Officers & Key Employees

Name (title)Compensation
Steve Polyard
Treasurer
$6,600
Joe Abbott
President
$825

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$835
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,032
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,867
Total Program Service Revenue$0
Investment income $2,509
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 $226,739
Net Income from Sales of Inventory $119,419
Miscellaneous Revenue$0
Total Revenue $358,559

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