Minnesota American Legion Foundation
- Assets
- $1.8m
- Revenue
- $511.2k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 10/1994
- Data as of
- 09/2021
- EIN
- 41-1677143
Organization Overview
Minnesota American Legion Foundation is located in St Paul, MN. The organization was established in 1994. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota American Legion Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Minnesota American Legion Foundation generated $511.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $513.9k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Minnesota American Legion Foundation has awarded 28 individual grants totaling $1,558,523. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCUMULATE A TRUST TO FUND PROGRAMS FOR MINNESOTA VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR PROGRAMS THAT SERVE MINNESOTA VETERANS AND THEIR FAMILIES THAT ARE NOT ALREADY FUNDED FROM TRADITIONAL REVENUE SOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Delong Treasurer | OfficerTrustee | 1 | $0 |
Lloyd Ricker President | OfficerTrustee | 2 | $0 |
Bruce Kottom Vice President | OfficerTrustee | 2 | $0 |
Wayne Hammon Jr Secretary | OfficerTrustee | 1 | $0 |
Greg Colby Legal Counsel | Trustee | 1 | $0 |
Mark Dvorak Department Commander | 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 | $495,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,568 |
| Total Program Service Revenue | $0 |
| Investment income | $13,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,882 |
| Grants and other assistance to domestic individuals. | $14,700 |
| 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 | $0 |
| 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 | $2,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,747 |
| 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 | $0 |
| Insurance | $924 |
| All other expenses | $15,689 |
| Total functional expenses | $513,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,870 |
| Savings and temporary cash investments | $328,834 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,141,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,129 |
| Total assets | $1,840,454 |
| Accounts payable and accrued expenses | $12,470 |
| 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 | $12,470 |
| Net assets without donor restrictions | $647,189 |
| Net assets with donor restrictions | $1,180,795 |
| 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 | $1,840,454 |
Grants Awarded
Over the last fiscal year, Minnesota American Legion Foundation has awarded $346,882 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: LEGACY SCHOLARSHIPS | $222,000 |
St Paul, MN PURPOSE: DOCK | $71,612 |
Indianapolis, IN PURPOSE: WORLD WAR I MEMORIAL AND NATIONAL EMERGENCY FUND | $25,000 |
Vesta, MN PURPOSE: GENERAL OPERATIONS | $17,170 |
VA MEDICAL CENTER PURPOSE: GENERAL OPERATIONS | $11,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota American Legion Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Opus Foundation Minneapolis, MN PURPOSE: LEGACY SCHOLARSHIP FUND | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Credit Union Foundation Inc Madison, WI | $11,658,239 | $5,821,947 |
No Foot Too Small Coralville, IA | $442,866 | $707,607 |
Minnesota American Legion Foundation St Paul, MN | $1,840,454 | $511,184 |
Landons Light Foundation West Fargo, ND | $483,227 | $395,070 |
Concepts Cares Foundation Windsor Heights, IA | $14,899 | $0 |
Bryan Mcdonough Military Heroesfoundation St Paul, MN | $103,846 | $0 |
Kossuth County Cancer Support Foundation Algona, IA | $33,511 | $0 |
Peters Hope Saint Paul, MN | $38,975 | $0 |
Wapello Community School District Veba Trust Wapello, IA | $69,644 | $0 |
Roseville Police Foundation Roseville, MN | $44,015 | $0 |
Gtfc Foundation Ua Kaukauna, WI | $15,435 | $33,968 |
Gary Givers Gary, SD | $24,856 | $48,265 |