Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $71.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakefield, MN
- Founding
- 12/1949
- Data as of
- 12/2021
- EIN
- 41-0884775
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota is located in Lakefield, 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. 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 $96.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $87.2k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RECREATION FACILITIES FOR MEMBER USED BY APPROX. 100% OF MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Updike Vice-Command | 4 | $0 | |
John Schulz Quartermaste | 2 | $0 | |
Richard Doescher Commander | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $510 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,533 |
| Total Revenue | $96,943 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,099 |
| Professional fees and other payments to independent contractors | $1,897 |
| Occupancy, rent, utilities, and maintenance | $29,476 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,774 |
| Total expenses | $87,246 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,110 |
| Other assets | $0 |
| Total assets | $71,940 |
| Total liabilities | $1,508 |
| Net assets or fund balances | $70,432 |
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 |