Veterans Of Foreigh Wars
- Assets
- $800.8k
- Revenue
- $890.0k
- Investments
- $0.0
- Employees
- 62
- Location
- Coon Rapids, MN
- Founding
- 12/1949
- Data as of
- 06/2022
- EIN
- 41-6037256
Organization Overview
Veterans Of Foreigh Wars is located in Coon Rapids, 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 Foreigh Wars employed 62 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Veterans Of Foreigh Wars 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 Foreigh Wars generated $890.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $825.6k during the year ending 06/2022. While expenses have increased by 23.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES AID TO VETERANS AND THEIR FAMILIES, THE LOCAL COMMUNITY, STATE AND NATIONAL GROUPS. THEIR MISSION IS TO PRESERVE AND STRENGTHEN COMRADESHIP AMONG ITS MEMBERS, TO PERPETUATE THE MEMORY AND HISTORY OF THE DEAD, MAINTAINING ALLEGIANCE AND PATRIOTISM OF THE UNITED STATES OF AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE / YOUTH ACTIVITIES: DONATIONS ARE MADE TO COMMUNITY SERVICE ORGANIZATIONS, SUCH AS NURSING HOMES, SCHOOLS, SCOUTING GROUPS, CIVIC AND YOUTH ORGANIZATIONS. DONATIONS MAY BE IN THE FORM OF CASH DONATIONS, VOLUNTEER LABOR OR THE DONATED USE OF THE ORGANIZATION'S BUILDING TO BE USED FOR MEETINGS AND ACTIVITIES. THE RECIPIENTS OF THE DONATIONS ARE VETERANS, YOUTH AND COMMUNITY RESIDENTS.
COMMUNITY SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerrold C Brletich Quartermaste | Officer | 8 | $9,600 |
Shane Fields Commander | Officer | 15 | $0 |
Nathan Morgan Sr Vice Comm | Officer | 1 | $0 |
Travis Eikenlenborg Jr Vice Comm | Officer | 1 | $0 |
Ben Riechers Adjutant | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,093 |
| Total Program Service Revenue | $35,858 |
| Investment income | $793 |
| 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 | $122,445 |
| Net Income from Sales of Inventory | $653,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,563 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $397,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,122 |
| 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 | $7,129 |
| Insurance | $6,781 |
| All other expenses | $80,114 |
| Total functional expenses | $825,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,656 |
| Savings and temporary cash investments | $535,259 |
| 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 | $26,065 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $88,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,345 |
| Total assets | $800,786 |
| Accounts payable and accrued expenses | $35,010 |
| 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 | $35,010 |
| 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 | $765,776 |
| Total liabilities and net assets/fund balances | $800,786 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Veterans Of Foreigh Wars has recieved totaling $2,800.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: TO ASSIST LOCAL CHARITIES | $2,800 |
Peer Organizations
| 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 |