Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $447.9k
- Revenue
- $330.9k
- Investments
- $0.0
- Employees
- 39
- Location
- Saint Cloud, MN
- Founding
- 12/1949
- Data as of
- 12/2021
- EIN
- 41-0641065
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota, operating under the name Granite 428 Vfw - Minnesota, is located in Saint Cloud, 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, Granite 428 Vfw - Minnesota employed 39 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Granite 428 Vfw - 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, Granite 428 Vfw - Minnesota generated $330.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $271.5k during the year ending 12/2021. 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 SUPPORT THOSE WHO SACRIFICE SO MUCH FOR THIS COUNTRY-VETERANS AND FAMILIES OF THOSE CURRENTLY SERVING IN OUR US ARMED FORCES, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A COMMON MEETING AREA FOR ALL VETERANS OF FOREIGN WARS AND PROVIDES A FACILITY FOR VARIOUS OTHER NON-PROFIT ORGANIZATIONS TO UTILIZE FOR MEETINGS AND VARIOUS ACTIVITIES.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Tuorila Surgeon | OfficerTrustee | 1 | $0 |
Kelly Halverson Sr Vice Comm | OfficerTrustee | 5 | $0 |
Ken Schwagel Commander | OfficerTrustee | 5 | $0 |
Vern Ness Judge Advoca | OfficerTrustee | 1 | $0 |
Denny Hennen Quartermast | OfficerTrustee | 10 | $0 |
Warren Ostendorf Jr Vice Comm | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,028 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,963 |
| Total Program Service Revenue | $70,590 |
| Investment income | $63 |
| 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 | $86,788 |
| Net Income from Sales of Inventory | $166,478 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,138 |
| 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 | $159,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,784 |
| Office expenses | $5,375 |
| Information technology | $616 |
| Royalties | $0 |
| Occupancy | $7,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,466 |
| Insurance | $9,736 |
| All other expenses | $6,674 |
| Total functional expenses | $271,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,640 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,531 |
| Prepaid expenses and deferred charges | $67,476 |
| Net Land, buildings, and equipment | $148,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,927 |
| Accounts payable and accrued expenses | $51,519 |
| 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 | $15,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,958 |
| Net assets without donor restrictions | $380,969 |
| 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 | $447,927 |
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 |