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Nonprofit · EIN 41-0784007

VETERANS OF FOREIGN WARS DEPT OF MINNESOTA

Also known as 8729 VFW-MN

Tax-exempt · LAKE CITY, MN 55041

Financials

$868K$846K2023$1M$976K2024
Revenue Expenses · by fiscal year end
Financials of VETERANS OF FOREIGN WARS DEPT OF MINNESOTA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,024,931$975,894$49,037$646,017$3,740$642,277
December 31, 2023990$867,741$846,296$21,445$596,732$3,492$593,240
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$34,995
Membership dues
$27,748
Program service revenue
$978,219
Investment income
$5,070
Net income from gaming
$6,647
Other revenue
$6,647

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$20,531
Other salaries and wages
$43,432
Salaries, compensation and benefits (total)
$69,167
Professional fundraising fees
$0
Accounting fees
$8,903
Occupancy
$18,353
Depreciation
$3,746
Program services (functional)
$907,123
Management and general (functional)
$68,771

Balance sheet and other

Total assets, start of year
$596,732
Total assets, end of year
$646,017
Total liabilities, end of year
$3,740
Net assets, end of year
$642,277
Land, buildings and equipment
$167,866
Net assets without donor restrictions
$642,277
Gross receipts
$1,996,503
Employees
11
Year formed
1948
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Wally BanksQuartermaster
Trustee or director, Officer
10$20,531
Gerard MarkingCommander
Trustee or director, Officer
2$0
Art HowardVice Commander
Trustee or director
2$0
Jon WeichTrustee
Trustee or director
2$0
Howard HorenTrustee
Trustee or director
2$0
Dave HarmsTrustee
Trustee or director
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Wally BanksQuartermaster
Trustee or director, Officer
10$20,400
Gerard MarkingCommander
Trustee or director, Officer
2$0
Art HowardVice Commander
Trustee or director
2$0
Jon WeichTrustee
Trustee or director
2$0
Howard HorenTrustee
Trustee or director
2$0
Dave HarmsTrustee
Trustee or director
2$0

Address and contacts

Address (IRS master file)
115 N FRANKLIN ST, LAKE CITY, MN 55041-1067
Principal officer (990 for 2024)
GERALD MARKING, 115 North Franklin, Lake City, MN 55041
Signed the 990
GERALD MARKING, COMMANDER
Phone
(651) 345-2646
Return prepared by
LA Anderson CPA

Mission

To provide club rooms and social facilities for Veterans. To organize Veterans for participation in public events and Projects.

990 for the year ended December 31, 2024

Program accomplishments

  • To provide a meeting place with food and beverages for use by the 400 members of the Post. Club rooms are available for meetings and social functions.
    Expenses $907,123

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0784007
Tax-exempt status
501(c)(19): Veterans' organization
Exempt since
1949
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$646,017
Income (IRS master file)
$1,996,503

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,024,931$975,894$646,017IRS
990December 2023$867,741$846,296$596,732XML
990December 2022$765,383$723,466$573,307IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0784007).

Questions about VETERANS OF FOREIGN WARS DEPT OF MINNESOTA

What is the EIN of VETERANS OF FOREIGN WARS DEPT OF MINNESOTA?
The employer identification number (EIN) of VETERANS OF FOREIGN WARS DEPT OF MINNESOTA is 41-0784007.
Is VETERANS OF FOREIGN WARS DEPT OF MINNESOTA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(19) since 1949.
Which annual return does VETERANS OF FOREIGN WARS DEPT OF MINNESOTA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VETERANS OF FOREIGN WARS DEPT OF MINNESOTA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VETERANS OF FOREIGN WARS DEPT OF MINNESOTA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VETERANS OF FOREIGN WARS DEPT OF MINNESOTA?
The 990 for the year ended December 31, 2024 names GERALD MARKING.
Who are the officers and directors of VETERANS OF FOREIGN WARS DEPT OF MINNESOTA?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $20,531 (Wally Banks, Quartermaster).
How much revenue does VETERANS OF FOREIGN WARS DEPT OF MINNESOTA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,024,931, expenses of $975,894 and total assets of $646,017 at year end.

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