Form 990 for tax year 2024
Filed by VETERANS OF FOREIGN WARS DEPT OF MINNESOTA.
Totals
- Total revenue
- $168,574
- Total expenses
- $132,618
- Contributions and grants received
- $8,723
- Grants paid
- $0
- Program service revenue
- $3,214
- Investment income
- $47
- Other revenue
- $156,590
- Total assets, end of year
- $266,823
- Total liabilities, end of year
- $7,274
- Net assets or fund balances, end of year
- $259,549
- Program services expenses (Part IX)
- $119,570
- Management and general expenses
- $13,048
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $119,570
Program services were 90.2% 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
$3,067
-
1f · All other contributions, gifts and grants
$5,656
-
2a · Program service revenue: OTHER
total $2,314 · related or exempt $2,314
-
2b · Program service revenue: COLOR GUARD
total $900 · related or exempt $900
-
3 · Investment income
total $47 · related or exempt $47
-
9a · Gaming: gross income
$8,770,105
-
9b · Gaming: direct expenses
$8,779,456
-
9c · Net income from gaming
total -$9,351 · unrelated business -$17,317 · excluded $7,966
-
10a · Gross sales of inventory
$321,509
-
10b · Cost of goods sold
$155,568
-
10c · Net income from sales of inventory
total $165,941 · excluded $165,941
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $48,947 · program services $39,158 · management and general $9,789
-
10 · Payroll taxes
total $4,256 · program services $3,405 · management and general $851
-
11g · Fees: other
total $24,769 · program services $24,769
-
12 · Advertising and promotion
total $6,572 · program services $6,572
-
13 · Office expenses
total $12,037 · program services $9,629 · management and general $2,408
-
16 · Occupancy
total $21,333 · program services $21,333
-
19 · Conferences, conventions and meetings
total $1,199 · program services $1,199
-
22 · Depreciation, depletion and amortization
total $417 · program services $417
-
23 · Insurance
total $7,021 · program services $7,021
-
24a · Other expenses: SALES TAX
total $4,080 · program services $4,080
-
24b · Other expenses: LICENSE
total $1,909 · program services $1,909
-
24c · Other expenses: BANKING EXP
total $78 · program services $78
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $230,166 · end of year $249,814
-
2 · Savings and temporary cash investments
beginning of year $2,949 · end of year $2,964
-
8 · Inventories for sale or use
beginning of year $3,255 · end of year $9,680
-
10a · Land, buildings and equipment: cost or other basis
$247,123
-
10b · Land, buildings and equipment: accumulated depreciation
$242,758
-
10c · Land, buildings and equipment, net
beginning of year $1,061 · end of year $4,365
-
17 · Accounts payable and accrued expenses
beginning of year $13,838 · end of year $7,274
-
27 · Net assets without donor restrictions
beginning of year $58,939 · end of year $104,261
-
28 · Net assets with donor restrictions
beginning of year $164,654 · end of year $155,288
Mission and programs · 2024
Mission
THE ORGANIZATION USES THE FUNDS GENERATED FROM SPECIAL EVENTS AND INVENTORY SALES TO OPERATE THE CLUB USED TO PROVIDE A PLACE FOR VETERANS TO MEET FOR SOCIAL, RECREATIONAL, AND EDUCATIONAL PURPOSES.
-
THE ORGANIZATION USES THE FUNDS GENERATED FROM SPECIAL EVENTS AND INVENTORY SALES TO OPERATE THE CLUB USED TO PROVIDE A PLACE FOR VETERANS TO MEET FOR SOCIAL, RECREATIONAL AND EDUCATIONAL PURPOSES.
Expenses $31,790
-
GAMING AND BAR SERVICES EXPENSES
Expenses $87,780
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charles HansonCHARLES HANSON
GAMBLING MGR
- Total calculated
- $0
-
Jon KolstadJON KOLSTAD
TRUSTEE
- Total calculated
- $0
-
Jeff McArthurJEFF MCARTHUR
TRUSTEE
- Total calculated
- $0
-
David MeyerDAVID MEYER
SURGEON
- Total calculated
- $0
-
Mark PersonsMARK PERSONS
HISTORIAN
- Total calculated
- $0
-
Steve RosenowSTEVE ROSENOW
SERVICE OFFI
- Total calculated
- $0
-
Christian BorleCHRISTIAN BORLE
SR. VICE COM
- Total calculated
- $0
-
Kevin JensenKEVIN JENSEN
COMMANDER
- Total calculated
- $0
-
Marlin KingMARLIN KING
JUNIOR VICE
- Total calculated
- $0
-
Eusebia RiosEUSEBIA RIOS
CHAPLAIN
- Total calculated
- $0
-
Patricia WingPATRICIA WING
QUARTERMASTE
- Total calculated
- $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 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543169349306414
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