Form 990 for tax year 2024
Filed by VETERANS OF FOREIGN WARS DEPT OF MINNESOTA.
Totals
- Total revenue
- $248,852
- Total expenses
- $271,180
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $316
- Other revenue
- $248,536
- Total assets, end of year
- $216,661
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $216,661
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $271,180
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
3 · Investment income
total $316 · excluded $316
-
9a · Gaming: gross income
$1,211,734
-
9b · Gaming: direct expenses
$1,045,387
-
9c · Net income from gaming
total $166,347 · related or exempt $49,904 · unrelated business $116,443
-
10a · Gross sales of inventory
$114,207
-
10b · Cost of goods sold
$41,886
-
10c · Net income from sales of inventory
total $72,321 · related or exempt $21,696 · unrelated business $50,625
-
11a · Other revenue: MISCELLANEOUS INCOME
total $7,868 · related or exempt $7,868
-
11b · Other revenue: RENT INCOME
total $2,000 · related or exempt $2,000
-
11e · Other revenue, total
$9,868
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $76,134
-
10 · Payroll taxes
total $10,134
-
11c · Fees: accounting
total $7,750
-
12 · Advertising and promotion
total $1,468
-
16 · Occupancy
total $477
-
22 · Depreciation, depletion and amortization
total $5,983
-
23 · Insurance
total $4,692
-
24a · Other expenses: LAWFUL PURPOSE
total $57,055
-
24b · Other expenses: ETAB FEE
total $45,636
-
24c · Other expenses: GAMBLING TAX
total $35,589
-
24d · Other expenses: SUPPLIES
total $8,498
-
24e · All other expenses
total $17,764
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,872 · end of year $72,695
-
2 · Savings and temporary cash investments
beginning of year $47,152 · end of year $21,984
-
8 · Inventories for sale or use
beginning of year $10,302 · end of year $10,302
-
10a · Land, buildings and equipment: cost or other basis
$307,036
-
10b · Land, buildings and equipment: accumulated depreciation
$196,356
-
10c · Land, buildings and equipment, net
beginning of year $116,663 · end of year $110,680
-
15 · Other assets
beginning of year $1,000 · end of year $1,000
-
27 · Net assets without donor restrictions
beginning of year $238,989 · end of year $216,661
Mission and programs · 2024
Mission
TO PROVIDE A PLACE FOR MEETINGS, RELAXATION AND REFRESHMENTS FOR MEMBERS OF ANY VFW POST AND AUXILIARY AND INVITED GUESTS OF THOSE MEMBERS.
-
OPERATION OF THE BAR AND RESTAURANT IS FOR MEMBERS, THEIR GUESTS AND MEMBERS OF THE COMMUNITY.
Expenses $115,163 · Revenue $31,564
-
OPERATION OF LAWFUL GAMBLING ALLOWS THE CLUB TO DONATE TO VARIOUS YOUTH, SCHOLARSHIP AND READING PROGRAMS. IT ALSO ALLOWS ADDITIONAL SUPPORT TO MISCELLANEOUS VETERAN AND COMMUNITY PROGRAMS. SOME OF THESE DONATIONS ALSO COME FROM THE BAR AND RESTAURANT OPERATION AS WELL AS GAMBLING.
Expenses $156,017 · Revenue $49,904
As filed on the 2024 return.
Listed in Part VII
-
David SchwinghammerDAVID SCHWINGHAMMER
COMMANDER
- Total calculated
- $0
- Hours/week
- 1
-
Lyle HutsonLYLE HUTSON
SR. VICE COM
- Total calculated
- $0
- Hours/week
- 1
-
Martha HolmquestMARTHA HOLMQUEST
JR. VICE COM
- Total calculated
- $0
- Hours/week
- 1
-
Robert MathisonROBERT MATHISON
QUARTERMASTE
- Total calculated
- $0
- Hours/week
- 1
-
Larry HengemLARRY HENGEM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Darrell RooneyDARRELL ROONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julius EvensonJULIUS EVENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 2024
- Filed
- 1 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543119349301034
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