Form 990 for tax year 2024
Filed by VETERANS OF FOREIGN WARS DEPT OF MINNESOTA.
Totals
- Total revenue
- $263,963
- Total expenses
- $289,244
- Contributions and grants received
- $6,371
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $257,592
- Total assets, end of year
- $290,415
- Total liabilities, end of year
- $32,003
- Net assets or fund balances, end of year
- $258,412
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$355
-
1f · All other contributions, gifts and grants
$6,016
-
6a · Gross rents
real property $9,843
-
6b · Less rental expenses
real property $2,953
-
6c · Rental income or loss
real property $6,890
-
6d · Net rental income or loss
total $6,890 · related or exempt $3,445 · unrelated business $3,445
-
8a · Fundraising events: gross income
$8,248
-
8b · Fundraising events: direct expenses
$1,450
-
8c · Net income from fundraising events
total $6,798 · unrelated business $3,399 · excluded $3,399
-
9a · Gaming: gross income
$3,153,836
-
9b · Gaming: direct expenses
$3,162,889
-
9c · Net income from gaming
total -$9,053 · related or exempt -$4,527 · unrelated business -$4,526
-
10a · Gross sales of inventory
$451,213
-
10b · Cost of goods sold
$198,256
-
10c · Net income from sales of inventory
total $252,957 · related or exempt $126,479 · unrelated business $126,478
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $161,639
-
10 · Payroll taxes
total $17,438
-
11c · Fees: accounting
total $5,969
-
12 · Advertising and promotion
total $257
-
13 · Office expenses
total $32,061
-
21 · Payments to affiliates
total $531
-
22 · Depreciation, depletion and amortization
total $7,774
-
24a · Other expenses: Music
total $21,050
-
24b · Other expenses: Supplies
total $18,735
-
24c · Other expenses: Repairs & Maint
total $10,634
-
24d · Other expenses: Misc
total $13,156
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $55,616 · end of year $40,511
-
2 · Savings and temporary cash investments
beginning of year $10,017 · end of year $8,004
-
8 · Inventories for sale or use
beginning of year $20,564 · end of year $23,507
-
10a · Land, buildings and equipment: cost or other basis
$476,008
-
10b · Land, buildings and equipment: accumulated depreciation
$257,615
-
10c · Land, buildings and equipment, net
beginning of year $200,433 · end of year $218,393
-
17 · Accounts payable and accrued expenses
beginning of year $4,913 · end of year $7,293
-
24 · Unsecured notes and loans payable
end of year $24,710
-
27 · Net assets without donor restrictions
beginning of year $281,717 · end of year $258,412
Mission and programs · 2024
Mission
To maintain a a facility to be used by veterans of foreign wars to gather for social events and to conduct veteran related business.
Activities or mission (Part I)
To maintain a facility to be used by veterans of foreign wars to gather for social events and to conduct veteran related business
-
Social club operation for recreation and dining facilities to benefit veterans and their spouses.
-
Minnesota lawful gambling consisting of pull tabs, bingo, and paddle tickets, as well as eGaming and sports tipboards. Provides entertainment for veterans and their guests, and provides a source of revenue that pays for state allowed operating expenses and for donations to worthy causes.
As filed on the 2024 return.
Listed in Part VII
-
Bruce HeilBRUCE HEIL
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
David StaehlinDAVID STAEHLIN
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Scott BawekSCOTT BAWEK
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Matthew KaszasMATTHEW KASZAS
Commander
- Total calculated
- $0
- Hours/week
- 0
-
Donald PeltonDONALD PELTON
Quartermaster
- Total calculated
- $0
- Hours/week
- 0
-
Michael LeonardMICHAEL LEONARD
Jr Vice Commander
- Total calculated
- $0
- Hours/week
- 0
-
Dennis MitchellDENNIS MITCHELL
Chaplain
- Total calculated
- $0
- Hours/week
- 0
-
Melissa PhinneyMELISSA PHINNEY
Sr Vice Commander
- Total calculated
- $0
- Hours/week
- 0
-
Yvonne MillerYVONNE MILLER
Adjunct Secr
- 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
- 2024
- Filed
- 2 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202500929349301305
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