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Veterans Incorporated

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$398k (2024)

Expenses
$341k (2024)

Total Assets
$327k (2024)

Total Liabilities
$4.56k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$397,948
Expenses
$341,484
Net Income
$56,464
Net Assets
$322,205
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,464
0.4%
Program Services $3,671
0.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $3,978
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $91,999
23.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $142,007
41.6%
Assets/Debt
Total Assets $326,766
Total Liabilities $4,561
Net Assets $322,205
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Jan Aamundstad (Director) $0 $0 $0
Carter Schultz (Director) $0 $0 $0
Sam Wagner (Director) $0 $0 $0
Kraig Bittner (Sec Treasurer) $0 $0 $0
Allen Huber (Director) $0 $0 $0
Terri Nicklay (Director) $0 $0 $0
Craig Schultz (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$364,355
Expenses
$287,520
Net Income
$76,835
Net Assets
$265,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $750
0.2%
Program Services $7,978
2.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,469
1.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $112,001
30.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $138,578
48.2%
Assets/Debt
Total Assets $269,742
Total Liabilities $4,001
Net Assets $265,741
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $364,355
Compensation
Key Employees and Officers Compensation Related Other
James Torkelson (Director) $0 $0 $0
Carter Schultz (Director) $0 $0 $0
Sam Wagner (Director) $0 $0 $0
Kraig Bittner (Sec Treasurer) $0 $0 $0
Allen Huber (Director) $0 $0 $0
Lawrence Fontaine (Vice President) $0 $0 $0
Craig Schultz (President) $0 $0 $0

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,446
Expenses
$247,196
Net Income
-$8,750
Net Assets
$188,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,433
2.3%
Program Services $3,518
1.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,938
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $82,861
34.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $104,281
42.2%
Assets/Debt
Total Assets $192,936
Total Liabilities $4,030
Net Assets $188,906
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $238,446
Compensation
Key Employees and Officers Compensation Related Other
James Torkelson (Director) $0 $0 $0
Carter Schultz (Director) $0 $0 $0
Allen Huber (Director) $0 $0 $0
Kraig Bittner (Sec Treasurer) $0 $0 $0
Ray White (Director) $0 $0 $0
Lawrence Fontaine (Vice President) $0 $0 $0
Craig Schultz (President) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$275,815
Expenses
$189,385
Net Income
$86,430
Net Assets
$197,656
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,228
9.9%
Program Services $24,703
9.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,432
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $75,853
27.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $93,190
49.2%
Assets/Debt
Total Assets $211,545
Total Liabilities $13,889
Net Assets $197,656
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $275,815
Compensation
Key Employees and Officers Compensation Related Other
James Torkelson (Director) $0 $0 $0
Carter Schultz (Director) $0 $0 $0
Allen Huber (Director) $0 $0 $0
Kraig Bittner (Sec Treasurer) $0 $0 $0
Ray White (Director) $0 $0 $0
Lawrence Fontaine (Vice President) $0 $0 $0
Craig Schultz (President) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,298
Expenses
$159,636
Net Income
-$14,338
Net Assets
$111,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,628
15.6%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $482
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $61,044
42.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,299
44.0%
Assets/Debt
Total Assets $117,827
Total Liabilities $6,601
Net Assets $111,226
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $145,298
Compensation
Key Employees and Officers Compensation Related Other
Joel Russell (Vice President) $0 $0 $0
Lawrence Fontaine (Secretary) $0 $0 $0
Craig Schultz (President) $0 $0 $0
Kraig Bittner (Treasurer) $0 $0 $0
James Torkelson (Director) $0 $0 $0
Carter Schultz (Director) $0 $0 $0
Elwood Gunderson (Director) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$151,961
Expenses
$135,090
Net Income
$16,871
Net Assets
$125,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,279
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $73,914
48.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $52,521
38.9%
Assets/Debt
Total Assets $125,564
Total Liabilities $0
Net Assets $125,564
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $151,961

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$132,880
Expenses
$129,892
Net Income
$2,988
Net Assets
$108,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $951
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $74,341
55.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $50,203
38.6%
Assets/Debt
Total Assets $108,693
Total Liabilities $0
Net Assets $108,693
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $132,880

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,117
Expenses
$144,418
Net Income
-$27,301
Net Assets
$105,705
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $925
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $63,279
54.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $50,012
34.6%
Assets/Debt
Total Assets $105,705
Total Liabilities $0
Net Assets $105,705
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $117,117

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$147,592
Expenses
$143,556
Net Income
$4,036
Net Assets
$133,006
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,115
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $62,274
42.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $52,396
36.5%
Assets/Debt
Total Assets $133,006
Total Liabilities $0
Net Assets $133,006
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $147,592

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,640
Expenses
$150,762
Net Income
-$5,122
Net Assets
$128,970
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,057
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $57,608
39.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $46,565
30.9%
Assets/Debt
Total Assets $128,970
Total Liabilities $0
Net Assets $128,970
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $144,850

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$157,093
Expenses
$176,086
Net Income
-$18,993
Net Assets
$134,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $389
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $49,777
31.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $44,659
25.4%
Assets/Debt
Total Assets $135,431
Total Liabilities $1,339
Net Assets $134,092
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $157,093

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,462
Expenses
$199,358
Net Income
$17,104
Net Assets
$153,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,066
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $68,663
31.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,000
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $50,374
25.3%
Assets/Debt
Total Assets $175,030
Total Liabilities $21,945
Net Assets $153,085
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $216,462

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$190,223
Expenses
$171,120
Net Income
$19,103
Net Assets
$135,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $750
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $74,095
39.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $57,866
33.8%
Assets/Debt
Total Assets $153,977
Total Liabilities $17,996
Net Assets $135,981
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $190,223

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$180,668
Expenses
$190,725
Net Income
-$10,057
Net Assets
$116,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,128
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $66,781
37.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $60,663
31.8%
Assets/Debt
Total Assets $149,090
Total Liabilities $32,212
Net Assets $116,878
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $180,668

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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