Form 990 for tax year 2022
Filed by VETERANS OF FOREIGN WARS DEPT OF MINNESOTA.
Totals
- Total revenue
- $608,192
- Total expenses
- $781,625
- Contributions and grants received
- $77,535
- Grants paid
- $0
- Program service revenue
- $1,021
- Investment income
- $3,369
- Other revenue
- $526,267
- Total assets, end of year
- $1,795,332
- Total liabilities, end of year
- $45,175
- Net assets or fund balances, end of year
- $1,750,157
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$2,332
-
1e · Government grants (contributions)
$66,164
-
1f · All other contributions, gifts and grants
$9,039
-
2a · Program service revenue: MISC. INCOME
total $1,021 · related or exempt $1,021
-
3 · Investment income
total $3,369 · related or exempt $3,369
-
6a · Gross rents
real property $144,915
-
6b · Less rental expenses
real property $24,302
-
6c · Rental income or loss
real property $120,613
-
6d · Net rental income or loss
total $120,613 · unrelated business $120,613
-
8a · Fundraising events: gross income
$2,818
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $2,818 · unrelated business $2,818
-
9a · Gaming: gross income
$3,223,734
-
9b · Gaming: direct expenses
$3,200,515
-
9c · Net income from gaming
total $23,219 · unrelated business $23,219
-
10a · Gross sales of inventory
$620,202
-
10b · Cost of goods sold
$240,585
-
10c · Net income from sales of inventory
total $379,617 · related or exempt $151,847 · unrelated business $227,770
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $165,700
-
9 · Other employee benefits
total $11,876
-
10 · Payroll taxes
total $74,770
-
11c · Fees: accounting
total $10,000
-
12 · Advertising and promotion
total $2,968
-
22 · Depreciation, depletion and amortization
total $67,342
-
23 · Insurance
total $19,156
-
24a · Other expenses: PROMOTION AND BANDS
total $179,545
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $70,075
-
24c · Other expenses: UTILITIES
total $37,726
-
24d · Other expenses: REAL ESTATE TAXES
total $36,606
-
24e · All other expenses
total $105,861
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $228,995 · end of year $229,033
-
4 · Accounts receivable
beginning of year $108,251 · end of year $3,154
-
8 · Inventories for sale or use
beginning of year $8,992 · end of year $8,992
-
9 · Prepaid expenses and deferred charges
beginning of year $40,332 · end of year $500
-
10a · Land, buildings and equipment: cost or other basis
$2,858,688
-
10b · Land, buildings and equipment: accumulated depreciation
$1,305,035
-
10c · Land, buildings and equipment, net
beginning of year $1,596,847 · end of year $1,553,653
-
17 · Accounts payable and accrued expenses
beginning of year $19,437 · end of year $23,920
-
19 · Deferred revenue
beginning of year $40,390 · end of year $21,255
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,923,590 · end of year $1,750,157
Mission and programs · 2022
Mission
THE PURPOSE OF THE CORPORATION SHALL BE FRATERNAL, PATRIOTIC, HISTORICAL, CHARITABLE, AND EDUCATIONAL; TO PRESERVE AND PROTECT COMRADERSHIP AMONG IT'S MEMBERS; TO ASSIST WORTH COMRADES; TO PERPETUATE THE MEMORY & HISTORY OF OUR DEAD, AND TO TO ASSIST THEIR WIDOWS AND ORPHANS; TO MAINTAIN TRUE ALLEGIANCE TO THE GOVERMENT OF THE USA
Activities or mission (Part I)
THE PURPOSE OF THE COPORATION SHALL BE FRATERNAL, PATRIOTIC, HISTORICAL, CHARITABLE, AND EDUCATIONAL; TO PRESERVE AND PROTECT COMRADESHIP AMONG IT'S MEMBERS; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY AND HISTORY OF OUR DEAD, AND TO ASSIST THEIR WIDOWS AND ORPHENS; TO MAINTAIN TRUE ALLEGIANCE TO THE GOVERNMENT OF THE USA.
-
THE PURPOSE OF THE COPORATION SHALL BE FRATERNAL, PATRIOTIC, HISTORICAL, CHARITABLE, & EDUCATIONAL; TO PRESERVE AND PROTECT COMRADERSHIP AMONG IT'S MEMBERS; TO ASSIST WORTHY COMRADES; TO PERPETUATE THE MEMORY & HISTORY OF OUR DEAD, AND TO ASSIST THEIR WIDOWS AND ORPHANS; TO MAINTAIN TRUE ALLEGIANCE TO THE GOVERNMENT OF THE USA.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jon SwensonJON SWENSON
QUATERMASTER
- Total calculated
- $0
- Hours/week
- 0
-
Josh DuzanJOSH DUZAN
SR VICE COMMANDER
- Total calculated
- $0
- Hours/week
- 0
-
Brooks A MoldestadBROOKS A MOLDESTAD
COMMANDER
- Total calculated
- $0
- Hours/week
- 0
-
Robert C KellyROBERT C KELLY
JR VICE COMMANDER
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349304016
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