Nonprofit · EIN 41-6175999
VEAP INC
Also known as VOLUNTEERS ENLISTED TO ASSIST PEOPL
Tax-exempt · BLOOMINGTON, MN 55420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $14,675,405 | $13,696,177 | $979,228 | $8,635,741 | $3,533,156 | $5,102,585 |
| December 31, 2024 | 990 | $14,594,986 | $14,965,133 | -$370,147 | $7,667,279 | $3,543,922 | $4,123,357 |
| December 31, 2023 | 990 | $14,609,967 | $14,448,577 | $161,390 | $8,006,329 | $3,512,825 | $4,493,504 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $13,985,902
- of which government grants
- $1,186,219
- Program service revenue
- $59,000
- Investment income
- $40,682
- Net rental income
- $447,489
- Net gain from sales of assets
- -$4,214
- Net income from fundraising events
- $129,725
- Other revenue
- $589,821
Expenses
- Grants and similar amounts paid
- $9,627,119
- Compensation of officers, directors and key employees
- $401,043
- Other salaries and wages
- $1,653,751
- Salaries, compensation and benefits (total)
- $2,496,423
- Professional fundraising fees
- $0
- Legal fees
- $2,125
- Accounting fees
- $24,400
- Occupancy
- $399,664
- Travel
- $44,509
- Depreciation
- $185,771
- Program services (functional)
- $12,557,656
- Management and general (functional)
- $693,755
- Fundraising (functional)
- $444,766
Balance sheet and other
- Total assets, start of year
- $7,667,279
- Total assets, end of year
- $8,635,741
- Total liabilities, end of year
- $3,533,156
- Net assets, end of year
- $5,102,585
- Land, buildings and equipment
- $3,994,634
- Net assets without donor restrictions
- $5,102,585
- Gross unrelated business income
- $84,289
- Gross receipts
- $14,876,813
- Employees
- 37
- Volunteers
- 1,549
- Year formed
- 1973
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kari Thompson | President and CEO Officer | 40 | $192,996 | $21,353 |
| Jennifer Harrison | VP of Advancement Officer | 40 | $169,788 | $16,908 |
| Caley Long | Marketing Director Highest-paid employee | 40 | $113,048 | $12,665 |
| Paul Jacobson | Basic Needs Director Highest-paid employee | 40 | $104,397 | $20,815 |
| Marnie Anderson | Finance Director Highest-paid employee | 40 | $106,787 | $17,097 |
| Jessica Hering | Director of SS & Program Compliance Highest-paid employee | 40 | $108,752 | $13,019 |
| Molly McCormick | Board Chair Trustee or director, Officer | 5 | $0 | $0 |
| Joe Bauer | Board Vice Chair Trustee or director, Officer | 1.5 | $0 | $0 |
| Margaret Brandt | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Jim DeBuse | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Brianna Williamson | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Dion Evans | Member Trustee or director | 1 | $0 | $0 |
| Katie Burns | Member Trustee or director | 1 | $0 | $0 |
| Anne Clarrissimeaux | Member Trustee or director | 1 | $0 | $0 |
| Josh Gerber | Member Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sara Hong | Member Trustee or director | 1 | $0 |
| Shawn Nelson | Member Trustee or director | 1 | $0 |
| Laura Perrault | Member Trustee or director | 1 | $0 |
| Jeff Rodgers | Member Trustee or director | 1 | $0 |
| Megan Rogers | Member Trustee or director | 1 | $0 |
| Corinne Shepherd | Member Trustee or director | 1 | $0 |
| Michelle Swanson | Member Trustee or director | 1 | $0 |
| Chris Westergaard | Member Trustee or director | 1 | $0 |
| Ross Widmoyer | Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kari Thompson | CEO Officer | 40 | $187,422 | $21,254 |
| Ross Widmoyer | President Trustee or director, Officer | 5 | $0 | $0 |
| Dion Evans | Vice President Trustee or director, Officer | 1.5 | $0 | $0 |
| Joe Bauer | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Molly McCormick | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Shannon McCormick | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Brianna Williamson | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Margaret Brandt | Member Trustee or director | 1 | $0 | $0 |
| Katie Burns | Member Trustee or director | 1 | $0 | $0 |
| Anne Clarrissimeaux | Member Trustee or director | 1 | $0 | $0 |
| Jim DeBuse | Member Trustee or director | 1 | $0 | $0 |
| Josh Gerber | Member Trustee or director | 1 | $0 | $0 |
| Tai Giwa | Member Trustee or director | 1 | $0 | $0 |
| Sara Hong | Member Trustee or director | 1 | $0 | $0 |
| Rebecca Johnson | Member Trustee or director | 1 | $0 | $0 |
| Shawn Nelson | Member Trustee or director | 1 | $0 | $0 |
| Laura Perrault | Member Trustee or director | 1 | $0 | $0 |
| Jeff Rodgers | Member Trustee or director | 1 | $0 | $0 |
| Megan Rogers | Member Trustee or director | 1 | $0 | $0 |
| Corinne Shepherd | Member Trustee or director | 1 | $0 | $0 |
| Jennifer Siedow | Member Trustee or director | 1 | $0 | $0 |
| Michelle Swanson | Member Trustee or director | 1 | $0 | $0 |
| Chris Westergaard | Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kari Thompson | CEO Officer | 40 | $177,801 | $23,386 |
| Joe Bauer | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Jim DeBuse | Member Trustee or director | 1 | $0 | $0 |
| Jackline Erickson | Member Trustee or director | 1 | $0 | $0 |
| Dion Evans | Vice President Trustee or director, Officer | 1.5 | $0 | $0 |
| Josh Gerber | Member Trustee or director | 1 | $0 | $0 |
| Tai Giwa | Member Trustee or director | 1 | $0 | $0 |
| Rebecca Johnson | Member Trustee or director | 1 | $0 | $0 |
| Molly McCormick | Member Trustee or director | 1 | $0 | $0 |
| Shannon McCormick | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Shawn Nelson | Member Trustee or director | 1 | $0 | $0 |
| Lisa Oster | Member Trustee or director | 1 | $0 | $0 |
| Megan Rogers | Member Trustee or director | 1 | $0 | $0 |
| Corinne Shepherd | Member Trustee or director | 1 | $0 | $0 |
| Jennifer Siedow | Member Trustee or director | 1 | $0 | $0 |
| Ross Widmoyer | President Trustee or director, Officer | 5 | $0 | $0 |
| Brianna Williamson | Co-Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9600 ALDRICH AVE S, BLOOMINGTON, MN 55420-4210
- Principal officer (990 for 2025)
- Molly McCormick, 9600 Aldrich Ave S, Bloomington, MN 55420
- Signed the 990
- Molly McCormick, Board Chair
- Phone
- (952) 955-8311
- Website
- www.veap.org
- Return prepared by
- Abdo LLP
Mission
Together we create pathways to stronger, more hopeful communities through access to healthy food, housing stability, and supportive services.
Program accomplishments
- VEAP's Food and Basic Needs Program provides access to healthy, fresh foods for households experiencing food-insecurity. The program includes an on-site food pantry, mobile food pantry, student hunger initiative (supplemental food for school-age children), and food deliveries to seniors or individuals with mobility barriers. VEAP operates one of the largest food pantries in the state with 255,397 total Food and Basic Needs program services provided, including 49,933 express packs (up to 50 pounds of groceries for walk-in visitors) in 2025. Of the nearly 4.1 million pounds of food that was distributed, over 44% was fresh fruits and vegetables. VEAP offers fresh fruits and vegetables, dairy, deli, bakery, and a variety of food choices that include protein, meats, canned goods, and non-perishable items. Participants may visit the on-site food pantry/mobile pantry as needed, typically 1-2 times per month.VEAP addressed transportation barriers to healthy food access by providing full-service food deliveries to 10,527 seniors or qualifying individuals in 2025. The mobile food pantry provided 43,837 individuals with access to healthy foods at designated sites in areas of high need located throughout VEAP's service area. Food was provided throughout the school year to 14,703 students in the Edina, Richfield, and Bloomington School Districts. VEAP's state-of-the-art commercial kitchen served as a business incubation site for start-up businesses that produced food for market wholesale.Expenses $11,141,887 · grants $9,373,966
- VEAP's Social Services Program provides caring, professional support to households experiencing food-insecurity, high-risk of eviction or homelessness, and financial crisis. Through a holistic service delivery with housing stability at the center of our focus, services include housing advocacy, case management, referrals, resource navigation and coordination, and emergency financial assistance in the form of rent, deposit, or utility assistance and other assistance to maintain housing or employment. In 2025, VEAP provided $698,263 in financial assistance, including $682,622 for rent or utilities, $6,750 for rental deposits, $2,405 for transportation assistance, and $6,486 in grocery gift cards and other essential basic needs.Participants work with Social Services using a strengths-based, case management approach to prevent homelessness and stabilize income. Social Services staff meets with participants to complete an individualized assessment and provide financial assistance, supportive services, and navigation of community resources to help regain stability quickly.Expenses $1,415,769 · grants $253,153 · revenue $59,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6175999
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,635,741
- Income (IRS master file)
- $14,876,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $14,675,405 | $13,696,177 | $8,635,741 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $14,594,986 | $14,965,133 | $7,667,279 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $14,609,967 | $14,448,577 | $8,006,329 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $16,186,207 | $16,223,392 | $7,922,083 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 41-6175999).
Questions about VEAP INC
- What is the EIN of VEAP INC?
- The employer identification number (EIN) of VEAP INC is 41-6175999.
- Is VEAP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to VEAP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VEAP INC 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 VEAP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VEAP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VEAP INC?
- The 990 for the year ended December 31, 2025 names Molly McCormick.
- Who are the officers and directors of VEAP INC?
- The 990 for the year ended December 31, 2025 lists 24 people; 6 received compensation from the organization, the highest $192,996 (Kari Thompson, President and CEO).
- How much revenue does VEAP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $14,675,405, expenses of $13,696,177 and total assets of $8,635,741 at year end.
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