Veterans On The Lake Resort

Organization Overview

Veterans On The Lake Resort is located in Ely, MN. The organization was established in 1984. 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 On The Lake Resort employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans On The Lake Resort is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Veterans On The Lake Resort generated $685.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $477.9k during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 7 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

PROVIDE RESORT SERVICES TO DISABLED VETERANS, DISABLED MEMBERS OF THE PUBLIC, AND THEIR FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE LODGING, RECREATIONAL ACTIVITES, AND OTHER SPORTING ACTIVITIES


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Board, Officers & Key Employees

Name (title)Compensation
Eric Mayranen
Chairman
$0
Terry Jackson
Secretary
$0
Kathy Brandau
Treasurer
$0
Andrew D Berkenpas
General Manager
$0
Steve Saari
Director
$0
Mike Forsman
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,653
All other contributions, gifts, grants, and similar amounts not included above$270,478
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$301,131
Total Program Service Revenue$373,348
Investment income $241
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 $0
Net Income from Sales of Inventory $9,230
Miscellaneous Revenue$0
Total Revenue $685,602

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Veterans On The Lake Resort has recieved totaling $37,057.

Awarding OrganizationAmount
Veterans Of Foreign Wars Dept Of Minnesota

Crystal, MN

PURPOSE: VACATIONS FOR DISABLED VETERANS

$22,000
International Association Of Lions Clubs

Anoka, MN

PURPOSE: RECREATION FOR VETERANS

$15,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$57
View Grant Recipient Profile

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