Veterans Of Foreign Wars Dept Of Minnesota
- Assets
- $77.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gilbert, MN
- Founding
- 12/1949
- Data as of
- 12/2022
- EIN
- 41-6035584
Organization Overview
Veterans Of Foreign Wars Dept Of Minnesota is located in Gilbert, 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 12/2022, Veterans Of Foreign Wars Dept Of Minnesota generated $47.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
WE CONDUCT YOUTH PROGRAMS WHICH HELP DEVELOP AN APPRECIATION OF DEMOCRACY; DONATE TO LOCAL AND NEEDY FAMILIES; PROVIDE NOMINAL DEATH BENEFITS TO OUR MEMBERS; HONOR GUARDS FOR MILITARY FUNERALS; AND SUPPORT OUR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Kerzie Officer | 5 | $0 | |
Michael Thompson Officer | 5 | $0 | |
Gerald R Trunzo Officer | 5 | $0 | |
Tim Mattson Officer | 0 | $0 | |
Raymond Brula Officer | 5 | $0 | |
Carter H Hagen Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,199 |
| Total Program Service Revenue | $0 |
| Membership dues | $89 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,368 |
| Other Revenue | $10,152 |
| Total Revenue | $47,584 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,143 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $46,097 |
| Printing, publications, postage, and shipping | $262 |
| Other expenses | $8,680 |
| Total expenses | $59,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,552 |
| Other assets | $0 |
| Total assets | $77,566 |
| Total liabilities | $0 |
| Net assets or fund balances | $77,566 |