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Nonprofiteer
← VETERANS OF FOREIGN WARS DEPT OF MINNESOTA

Form 990 for tax year 2023

Filed by VETERANS OF FOREIGN WARS DEPT OF MINNESOTA.

Totals

Total revenue
$343,704
Total expenses
$308,530
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$3
Other revenue
$343,701
Total assets, end of year
$238,989
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$238,989
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$308,530

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 $3 · related or exempt $3

  • 9a · Gaming: gross income

    $1,407,237

  • 9b · Gaming: direct expenses

    $1,213,672

  • 9c · Net income from gaming

    total $193,565 · related or exempt $58,069 · unrelated business $135,496

  • 10a · Gross sales of inventory

    $181,988

  • 10b · Cost of goods sold

    $94,927

  • 10c · Net income from sales of inventory

    total $87,061 · related or exempt $26,118 · unrelated business $60,943

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $62,671 · related or exempt $62,671

  • 11b · Other revenue: POST INCOME

    total $404 · related or exempt $404

  • 11e · Other revenue, total

    $63,075

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $95,644

  • 10 · Payroll taxes

    total $10,336

  • 11c · Fees: accounting

    total $7,333

  • 12 · Advertising and promotion

    total $1,620

  • 16 · Occupancy

    total $30,490

  • 22 · Depreciation, depletion and amortization

    total $5,983

  • 23 · Insurance

    total $3,376

  • 24a · Other expenses: ETAB FEE

    total $53,385

  • 24b · Other expenses: GAMBLING TAX

    total $47,545

  • 24c · Other expenses: LAWFUL PURPOSE

    total $17,949

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $16,992

  • 24e · All other expenses

    total $17,877

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,895 · end of year $63,872

  • 2 · Savings and temporary cash investments

    beginning of year $4,972 · end of year $47,152

  • 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

    $190,373

  • 10c · Land, buildings and equipment, net

    beginning of year $122,646 · end of year $116,663

  • 15 · Other assets

    beginning of year $1,000 · end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $203,815 · end of year $238,989

Mission and programs · 2023

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 $131,380

  • 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 $177,150

As filed on the 2023 return.

Listed in Part VII

  • Lawrence Chadderton

    JR. VICE COM

    Total calculated
    $35,712
    From this org
    $35,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Barton Knutson

    CHAPLAIN

    Total calculated
    $0
    Hours/week
    1

  • Robert Mathison

    QUARTERMASTE

    Total calculated
    $0
    Hours/week
    1

  • David Schwinghammer

    COMMANDER

    Total calculated
    $0
    Hours/week
    1

  • Martha Serbus

    SR. VICE COM

    Total calculated
    $0
    Hours/week
    1

  • Carol Westby

    ADJUTANT

    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
2023
Filed
23 September 2024
IRS schema version
2023v5.0
Source object
202442689349301854

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