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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly Halverson Sr Vice Comm | OfficerTrustee | 5 | $0 |
Denny Hennen Quartermast | OfficerTrustee | 10 | $0 |
Vern Ness Judge Advoca | OfficerTrustee | 1 | $0 |
Ken Schwagel Commander | OfficerTrustee | 5 | $0 |
Jim Tuorila Surgeon | OfficerTrustee | 1 | $0 |
Warren Ostendorf Jr Vice Comm | Officer | 5 | $0 |
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 |
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 |