Morson Ario-Strand Vfw Post 950
- Assets
- $336.2k
- Revenue
- $228.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Mankato, MN
- Founding
- Data as of
- 12/2022
- EIN
- 41-6037998
Organization Overview
Morson Ario-Strand Vfw Post 950, operating under the name morson-ario vfw post 9713, is located in Mankato, MN. As of 12/2022, morson-ario vfw post 9713 employed 10 individuals. morson-ario vfw post 9713 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 12/2022, morson-ario vfw post 9713 generated $228.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $300.1k during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 4 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
PROVIDING A FRATERNAL ORGANIZATION FOR VETERANS OF MILITARY SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAR AND BANQUET HALL OPERATED TO PROMOTE THE SOCIAL WELFARE OF VETERANS AND THEIR GUESTS.
VARIOUS VETERANS CAUSES
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck L Claude Commander | OfficerTrustee | 1 | $0 |
Michael A Montalto Senior Vice Com | OfficerTrustee | 1 | $0 |
Mark B Bullen Junior Vice Com | OfficerTrustee | 1 | $0 |
Jeffrey J Kronback Quartermaster | OfficerTrustee | 2 | $0 |
Thomas Mc Loughlin Chaplin | Trustee | 1 | $0 |
James L Mason Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,889 |
| Total Program Service Revenue | $4,444 |
| Investment income | -$17,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,256 |
| Net Income from Gaming Activities | $78,379 |
| Net Income from Sales of Inventory | $151,023 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $83,671 |
| 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 | $1,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,337 |
| Office expenses | $5,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,362 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $526 |
| Interest | $309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,965 |
| Insurance | $14,987 |
| All other expenses | $9,824 |
| Total functional expenses | $300,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,362 |
| Savings and temporary cash investments | $105,101 |
| 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 | $12,828 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,483 |
| Investments—publicly traded securities | $152,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $336,182 |
| Accounts payable and accrued expenses | $14,062 |
| 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 | $16,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,683 |
| 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 | $305,499 |
| Total liabilities and net assets/fund balances | $336,182 |