Nonprofit · EIN 41-1948093
VEIT FOUNDATION
Tax-exempt · BUFFALO, MN 55313
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,541,412 | $809,646 | $1,731,766 | $17,074,747 | $1,895,879 | $15,178,868 |
| December 31, 2023 | 990-PF | $1,463,200 | $810,936 | $652,264 | $16,091,694 | $2,059,592 | $14,032,102 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,519,761
- Net rental income
- $2,625
- Other income
- $19,026
Expenses
- Grants and similar amounts paid
- $152,400
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $582,062
Balance sheet and other
- Total assets, start of year
- $16,091,694
- Total assets, end of year
- $17,074,747
- Total liabilities, end of year
- $1,895,879
- Net assets, end of year
- $15,178,868
- Fair market value of assets
- $19,567,261
- Qualifying distributions
- $582,062
- Net investment income
- $2,625
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAUGHN A VEIT 8552 BAKER AVENUE NW, BUFFALO, MN 55313 | CEO/TREASURER | 8 | $0 |
| KELLY VEIT 8552 BAKER AVENUE NW, BUFFALO, MN 55313 | VICE PRESIDENT | 1 | $0 |
| ANDY ANDERSON 8552 BAKER AVENUE NW, BUFFALO, MN 55313 | DIRECTOR | 1 | $0 |
| BUTCH HASS 8552 BAKER AVENUE NW, BUFFALO, MN 55313 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAUGHN A VEIT 8552 BAKER AVE NW, BUFFALO, MN 55313 | CEO, TREASURER | 8 | $0 |
| ANDY ANDERSON 8552 BAKER AVE NW, BUFFALO, MN 55313 | DIRECTOR | 1 | $0 |
| KELLY VEIT 8552 BAKER AVE NW, BUFFALO, MN 55313 | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8552 BAKER AVE NW, BUFFALO, MN 55313-2710
- Signed the 990-PF
- KELLY VEIT, VICE PRESIDENT
- Phone
- (612) 499-2794
- Website
- WWW.VEITAUTO.COM
- Return prepared by
- WIPFLI ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 41-1948093
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $17,074,747
- Income (IRS master file)
- $2,541,412
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,541,412 | $809,646 | $17,074,747 | IRS |
| 990-PF | December 2023 | $1,463,200 | $810,936 | $16,091,694 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about VEIT FOUNDATION
- What is the EIN of VEIT FOUNDATION?
- The employer identification number (EIN) of VEIT FOUNDATION is 41-1948093.
- Is VEIT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to VEIT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does VEIT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of VEIT FOUNDATION 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 VEIT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of VEIT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does VEIT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,541,412, expenses of $809,646 and total assets of $17,074,747 at year end.
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All nonprofits in BUFFALO · Minnesota · Arts, culture and humanities