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Nonprofit · EIN 41-1439548

VETERANS ON THE LAKE RESORT

Tax-exempt · ELY, MN 55731

Financials

$1M$632K2023
Revenue Expenses · by fiscal year end
Financials of VETERANS ON THE LAKE RESORT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$1,036,511$631,580$404,931$1,905,899$89,562$1,816,337
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$571,854
of which government grants
$194,562
Program service revenue
$426,000
Investment income
$44
Net income from fundraising events
$7,054
Net income from sales of inventory
-$666
Other revenue
$38,613

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$171,020
Salaries, compensation and benefits (total)
$176,144
Professional fundraising fees
$0
Occupancy
$72,659
Travel
$959
Depreciation
$98,306
Program services (functional)
$620,560
Management and general (functional)
$11,020

Balance sheet and other

Total assets, start of year
$1,411,406
Total assets, end of year
$1,905,899
Total liabilities, end of year
$89,562
Net assets, end of year
$1,816,337
Land, buildings and equipment
$1,399,366
Net assets without donor restrictions
$1,789,930
Net assets with donor restrictions
$26,407
Gross receipts
$1,044,265
Employees
22
Volunteers
50
Year formed
1982
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, 2023, highest compensation first.

NameTitleHours / weekCompensation
STEVE SAARIDIRECTOR
Trustee or director
2$0
TONY RECHICHIDIRECTOR
Trustee or director
2$0
NATHAN BURRDIRECTOR
Trustee or director
2$0
ERIK JOHNSONDIRECTOR
Trustee or director
2$0
GENE DEMKODIRECTOR
Trustee or director
2$0
MIKE FORSMANDIRECTOR
Trustee or director
2$0
CURT MCSWEYNDIRECTOR
Trustee or director
2$0
ERIC MAYANENCHAIEMAN
Officer
5$0
MIKE POPEVICE CHAIRMANSECRETARY
Officer
5$0
KATHY BRANDAUTREASUER
Officer
5$0

Address and contacts

Address (IRS master file)
161 FERNBERG RD, ELY, MN 55731-9346
Signed the 990
ERIC MAYRANEN, CHAIRMAN
Return prepared by
D&D Accounting Inc

Mission

PROVIDE RESORT SERVICES TO DISABLED VETERANS, DISABLE MEMBERS OF THE PUBLIC, AND THEIR FAMLIES.

990 for the year ended December 31, 2023

Program accomplishments

  • PROVIDE LODGING, RECREATIONAL , AND OTHER SPORTING ACTIVITIES.
    Expenses $620,560

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1439548
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,905,899
Income (IRS master file)
$1,044,265

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$1,036,511$631,580$1,905,899XML
990December 2022$1,332,959$357,615$1,411,406IRS
990December 2021–––IRS
990December 2020–––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 41-1439548).

Questions about VETERANS ON THE LAKE RESORT

What is the EIN of VETERANS ON THE LAKE RESORT?
The employer identification number (EIN) of VETERANS ON THE LAKE RESORT is 41-1439548.
Is VETERANS ON THE LAKE RESORT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to VETERANS ON THE LAKE RESORT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VETERANS ON THE LAKE RESORT 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 ON THE LAKE RESORT 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 ON THE LAKE RESORT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who are the officers and directors of VETERANS ON THE LAKE RESORT?
The 990 for the year ended December 31, 2023 lists 10 people; 0 received compensation from the organization.
How much revenue does VETERANS ON THE LAKE RESORT have?
On its 990 for the year ended December 31, 2023 it reported revenue of $1,036,511, expenses of $631,580 and total assets of $1,905,899 at year end.

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