Veterans Of Foreign Wars Dept Of Minnesota is located in Columbia Heights, 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 12/2021, Veterans Of Foreign Wars Dept Of Minnesota employed 32 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 $615.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $343.6k during the year ending 12/2021. While expenses have increased by 3.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PLACE FOR VETERANS TO MEET FOR RECREATION AND ALSO TO HAVE A FACILITY FOR VTERANS PROJECTS TO BE CARRIED OUT. THE PROJECTS ARE SUCH TO HELP THE COMMUNITY WHERE TEH ORGANIZATION IS LOCATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Roussell Trustee | OfficerTrustee | 1 | $0 |
James Edworthy Junior Vice | OfficerTrustee | 1 | $0 |
Elizabeth Lindskoog Trustee | OfficerTrustee | 1 | $0 |
Robert Deurmier Trustee | OfficerTrustee | 1 | $0 |
Floyd Joswick Commander | OfficerTrustee | 1 | $0 |
Kevin Gilbertson Quartermaster | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $115,400 |
All other contributions, gifts, grants, and similar amounts not included above | $1,387 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $116,787 |
Total Program Service Revenue | $5,217 |
Investment income | $4 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$645 |
Net Income from Gaming Activities | $177,342 |
Net Income from Sales of Inventory | $293,996 |
Miscellaneous Revenue | $0 |
Total Revenue | $615,652 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $31,760 |
Grants and other assistance to domestic individuals. | $11,980 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $605 |
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 | $117,699 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,947 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,320 |
Fees for services: Accounting | $2,916 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,577 |
Office expenses | $317 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,215 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,472 |
Interest | $5,697 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,519 |
Insurance | $19,669 |
All other expenses | $24,819 |
Total functional expenses | $343,610 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $315,008 |
Savings and temporary cash investments | $3,872 |
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 | $11,500 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $125,541 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $76,000 |
Total assets | $531,921 |
Accounts payable and accrued expenses | $3,033 |
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 | $81,576 |
Other liabilities | $0 |
Total liabilities | $84,609 |
Net assets without donor restrictions | $447,312 |
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 | $0 |
Total liabilities and net assets/fund balances | $531,921 |
Over the last fiscal year, Veterans Of Foreign Wars Dept Of Minnesota has awarded $17,700 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
MN VETERANS HOME | | | $12,000 |
CITY OF COLUMBIA HEIGHTS | | | $5,700 |
Organization Name | Assets | Revenue |
---|---|---|
American Legion Park Rapids, MN | $825,850 | $4,270,979 |
Veterans Club Kenmare, ND | $1,486,143 | $2,790,806 |
American Legion Portage, WI | $4,372,734 | $2,507,173 |
Disabled American Veterans Saint Paul, MN | $2,007,600 | $2,057,727 |
Veterans Of Foreign Wars Dept Of Minnesota Savage, MN | $1,880,038 | $1,395,935 |
Veterans Of Foreign Wars Of The United States Dept Of Wisconsin Madison, WI | $1,702,327 | $1,105,490 |
American Legion Spicer, MN | $956,184 | $1,720,277 |
Veterans Of Foreign Wars Department Of Minnesota Blaine, MN | $820,954 | $1,280,331 |
Veterans Of Foreign Wars Dept Of Minnesota Monticello, MN | $968,617 | $1,496,186 |
American Legion Chanhassen, MN | $1,138,571 | $1,734,499 |
Disabled Veterans Rest Camp Association Inc Marine On St Croix, MN | $1,826,999 | $1,185,240 |
American Legion St Paul, MN | $3,937,900 | $1,356,334 |