Veterans Club Inc
- Assets
- $203.3k
- Revenue
- $208.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Onamia, MN
- Founding
- 09/1988
- Data as of
- 06/2021
- EIN
- 41-1282424
Organization Overview
Veterans Club Inc is located in Onamia, MN. The organization was established in 1988. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Club Inc 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VETERANS ORGANIZATION PROVIDES A MEETING PLACE FOR ALL AREA VETERANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A PLACE FOR LOCAL VETERANS TO GATHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Gibas Director | Trustee | 1 | $0 |
Mark Anderson Director | Trustee | 1 | $0 |
Willmar Vivant Director | Trustee | 1 | $0 |
John Rassmussen Director | Trustee | 1 | $0 |
Mark Skurdalsvold Director | Trustee | 1 | $0 |
Dean Benson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,824 |
| Investment income | $146 |
| 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 | $30,921 |
| Net Income from Sales of Inventory | $171,185 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,076 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,532 |
| 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 | $5,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,076 |
| Office expenses | $767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,757 |
| Insurance | $17,830 |
| All other expenses | $0 |
| Total functional expenses | $181,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,099 |
| Savings and temporary cash investments | $159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,004 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $203,344 |
| Accounts payable and accrued expenses | $39,713 |
| 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 | $39,713 |
| 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 |
| Total liabilities and net assets/fund balances | $163,631 |