47 Nelson-Lucking Post FY2024 filing

Tax-deductible

Hastings, MN501(c)(19)EIN 41-0642437Revenue $1.1M in FY2024

On file with the IRS50 Sibley St, 55033-1239 · Hastings, MNTax-exempt since Feb 1934

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Food and beverage services for club members and supporting membership activities

501(c)(19) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $97K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$163K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-27% vs prior year
Spent
$1.2M
To programs
0%
Net assets
$130K
By yearFY2021–FY2025
Revenue
$1.1M
FY2024▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2021$703K
FY2022$1.2M
FY2023$1.5M
FY2024$1.1M
FY2025$1.1M
Expenses
$1.2M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$606K
FY2022$921K
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Net assets
$130K
FY2024▼ -52%
Tap a bar for its year
Net assets by fiscal year
FY2021−$270K
FY2022−$38K
FY2023$268K
FY2024$130K
FY2025$50K

From the FY2024 Form 990 (year ending March 2024) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1934.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Commander
$0Pt VII · Sec A
2nd Vice Chair
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
See 47 Nelson-Lucking Post executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides food and drinks for club members and supports their activities.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Providing food and beverage services for club member and supporting membership activities

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Other incomeLn 4–11$1.1M
Fees for servicesLn 2g$10K
Investment incomeLn 3$112
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$130K
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$292K
LiabilitiesLn 26$163K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$10K
Investment incomeLn 3$112
Other incomeLn 4–11$1.1M
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$264K
SavingsLn 2$0
Cash and savings togetherLn 1–2$264K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$0
Total assetsLn 16$292K
LiabilitiesLn 26$163K
Net assetsLn 32$130K
OperationsPt I, VI
EmployeesI 5195
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$420K$264K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K$10K
Total assetsLn 16$440K$292K
LiabilitiesLn 26$172K$163K
Net assetsLn 32$268K$130K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$769K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$81K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$3K
Office expensesLn 13$7K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$104K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$41K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$166K
All other expensesLn 24e$35K
Total functional expensesLn 25$1.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.2M−$80K$50K 990 PDF
FY2024 Viewing $1.1M$1.2M−$138K$130K 990 PDF
FY2023 $1.5M$1.1M$375K$268K 990 PDF
FY2022 $1.2M$921K$232K−$38K 990 PDF
FY2021 $703K$606K$97K−$270K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,093,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $372,748$0
I-9 Program service revenuePrior year $13,543$10,271
I-10 Investment income$112
I-11 Other revenuePrior year $1,119,328$1,082,762
I-12 Total revenuePrior year $1,505,619$1,093,145
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $772,944$850,377
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $357,773$380,778
I-18 Total expensesPrior year $1,130,717$1,231,155
I-19 Revenue less expensesPrior year $374,902−$138,010
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,093,145 across 8 lines filed
Lines not itemized here account for $1,082,762 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,271$10,271
VIII-3 Investment incomeExcluded from tax $112$112
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $10,271 · Unrelated business $1,082,762 · Excluded from tax $112$1,093,145
Part IX · Statement of functional expenses $1,231,155 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$769,296
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$81,081
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$8,494
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$2,756
IX-13 Office expenses$7,091
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$103,595
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$40,784
IX-23 Insurance$17,033
IX-24 Other expenses (24a–d)$165,607
IX-24e All other expenses$35,418
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,231,155
Part X · Balance sheet $292,375 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $420,162$263,581
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $17,532$19,078
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,209$9,716
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2$0
X-16 Total assetsStart of year $439,905$292,375
X-17 Accounts payable and accrued expensesStart of year $66,604$60,147
X-26 Total liabilitiesStart of year $172,049$162,529
X-27 Net assets without donor restrictionsStart of year $267,856$129,846
X-32 Total net assets or fund balancesStart of year $267,856$129,846
X-33 Total liabilities and net assetsStart of year $439,905$292,375
Part XI · Reconciliation of net assets $129,846 net assets at year end
XI-1 Total revenue$1,093,145
XI-2 Total expenses$1,231,155
XI-3 Revenue less expenses−$138,010
XI-4 Net assets at start of year$267,856
XI-10 Net assets at end of year$129,846

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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