Magnus Veterans Foundation
- Assets
- $4.2m
- Revenue
- $582.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Dayton, MN
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2526912
Organization Overview
Magnus Veterans Foundation is located in Dayton, MN. The organization was established in 2019. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Magnus Veterans Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnus Veterans 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 12/2021, Magnus Veterans Foundation generated $582.4k in total revenue. All expenses for the organization totaled $536.8k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALING AND HONORING OUR VETERANS AND THEIR FAMILIES THROUGH COMMUNITY FELLOWSHIP; USING A COMPREHENSIVE APPROACH TO RESTORING THE MIND, BODY, HEART AND SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALING AND HONORING OUR VETERANS AND THEIR FAMILIES THROUGH COMMUNITY FELLOWSHIP; USING A COMPREHENSIVE APPROACH TO RESTORING THE MIND, BODY, HEART AND SPIRIT.
HEALING AND HONORING OUR VETERANS AND THEIR FAMILIES THROUGH COMMUNITY FELLOWSHIP; USING A COMPREHENSIVE APPROACH TO RESTORING THE MIND, BODY, HEART AND SPIRIT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Hagen Board Member | Trustee | 2 | $0 |
Nicholas Lafontaine Treasurer | Trustee | 10 | $0 |
Shawn Alderman Principal Of | Trustee | 20 | $0 |
Suzanne Rawlings Board Member | Trustee | 1 | $0 |
Sandy Kraemer Board Member | Trustee | 10 | $0 |
Jared Ross Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $490,372 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,000 |
| Noncash contributions included in lines 1a–1f | $92,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,372 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $99,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,919 |
| Advertising and promotion | $23,461 |
| Office expenses | $48,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,916 |
| Insurance | $23,769 |
| All other expenses | $198 |
| Total functional expenses | $536,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,126 |
| Savings and temporary cash investments | $0 |
| 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 | $4,065,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,468 |
| Other assets | $0 |
| Total assets | $4,178,612 |
| Accounts payable and accrued expenses | $9,875 |
| 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 | $215,673 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $225,548 |
| Net assets without donor restrictions | $3,953,064 |
| 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 | $4,178,612 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Magnus Veterans Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Shirley Brownrigg Charitable Tr Uw Fbo Shirley Brownrigg Williamstown, MA PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avera At Home Sioux Falls, SD | $28,427,290 | $66,596,972 |
Horizon Home Care & Hospice Inc Milwaukee, WI | $36,563,484 | $49,942,124 |
Fraser Child And Family Center Minneapolis, MN | $19,831,778 | $44,385,938 |
Ucare Health Inc Minneapolis, MN | $37,509,424 | $41,308,525 |
Siouxland Pace Inc Sioux City, IA | $9,694,678 | $21,496,656 |
Regions Hospital Foundation Minneapolis, MN | $38,267,048 | $23,350,215 |
Rural Health Resource Center Duluth, MN | $3,768,085 | $11,820,757 |
Regional Enterprises Inc Ashland, WI | $4,269,557 | $6,977,377 |
Community Memorial Healthcenter Association Hartley, IA | $12,490,271 | $6,250,089 |
Eh Services Inc Saint Paul, MN | $3,146,077 | $4,831,668 |
South Dakota Lions Eye And Tissue Bank Inc Sioux Falls, SD | $6,657,515 | $6,770,090 |
Brown County Oral Healthpartnership Inc Green Bay, WI | $5,527,051 | $5,935,220 |