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242 Theodore Stalemo FY2020 filing

Tax-deductible

Fisher, MN501(c)(19)Mutual / membership EIN 41-0670469Revenue $53K in FY2020Latest return filed Mar 26, 2025

On file with the IRSFisher, MNTax-exempt since Apr 1942

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Club providing networking and social and volunteer opportunities for veterans

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0670469) · Dispute this line
501(c)(19) veterans' organization; the IRS lists gifts to it as tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $6K a year · 6% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
23.4 mo
of spending, in cash
23.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
None of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$53K
Spent
$89K
To programs
100%
Net assets
$286K
By yearFY2020–FY2024
Revenue
$53K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$53K
FY2021$119K
FY2022$82K
FY2023$80K
FY2024$151K
Expenses
$89K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$89K
FY2021$118K
FY2022$95K
FY2023$102K
FY2024$114K
Net assets
$286K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$286K
FY2021$329K
FY2022$339K
FY2023$320K
FY2024$333K

From the FY2020 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1942.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $89K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Sharon Olson
Assistant
$0Pt VII · Sec A
Ronald Larson
Commander
$0Pt VII · Sec A
James Cameron
Gaming Manager
$0Pt VII · Sec A
$0Pt VII · Sec A
See 242 Theodore Stalemo executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects veterans with networking, social, and volunteer opportunities.

Questions for 242 Theodore Stalemo

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1 program · in their own filed words · FY2020
01

Providing opportunities for veterans in a social setting

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0670469) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$53K
Ln 12
Other incomeLn 4–11$48K
Gifts and grantsLn 1h$3K
Investment incomeLn 3$2K
Money outPt IX
$89K
Ln 25
Programscol B$89K
Owns and owesPt X
$286K
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$286K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$2K
Other incomeLn 4–11$48K
Total revenueLn 12$53K
Assets in detailPt X, end of year
CashLn 1$85K
SavingsLn 2$89K
Cash and savings togetherLn 1–2$174K
Accounts receivableLn 4$200
Inventories for sale or useLn 8$50K
Land, buildings, equipmentLn 10c$62K
Total assetsLn 16$286K
LiabilitiesLn 26$0
Net assetsLn 32$286K
OperationsPt I, VI
EmployeesI 58
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$186K$174K
Land, buildings, equipmentLn 10c$107K$62K
Total assetsLn 16$320K$286K
LiabilitiesLn 26$0$0
Net assetsLn 32$320K$286K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$24K$24K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$716$716
OccupancyLn 16$8K$8K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$35K$35K
Total functional expensesLn 25$89K$89K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Mar 26, 2025 $151K$114K$37K$333K 990 PDF
FY2023Filed with the IRS Nov 6, 2024 $80K$102K−$21K$320K 990 PDF
FY2022Filed with the IRS May 9, 2023 $82K$95K−$13K$339K 990 PDF
FY2021Filed with the IRS May 18, 2022 $119K$118K$2K$329K 990 PDF
FY2020 ViewingFiled with the IRS May 19, 2021 $53K$89K−$36K$286K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $53,388 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,350$3,250
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,913$1,679
I-11 Other revenuePrior year $198,530$48,459
I-12 Total revenuePrior year $203,793$53,388
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $50,309$26,008
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $103,172$63,401
I-18 Total expensesPrior year $153,481$89,409
I-19 Revenue less expensesPrior year $50,312−$36,021
Part VI · Governance 0 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $53,388 across 5 lines filed
Lines not itemized here account for $48,459 of total revenue; see the IRS return.
VIII-1b Membership dues$1,880
VIII-1f All other contributions, gifts and grants$1,370
VIII-1h Total contributions, gifts and grants$3,250
VIII-3 Investment incomeRelated to mission $1,679$1,679
VIII-12 Total revenueRelated to mission $50,138$53,388
Part IX · Statement of functional expenses $89,409 across 10 lines filed
IX-7 Other salaries and wagesPrograms $24,165$24,165
IX-10 Payroll taxesPrograms $1,843$1,843
IX-11c Accounting feesPrograms $2,219$2,219
IX-12 Advertising and promotionPrograms $716$716
IX-16 OccupancyPrograms $7,773$7,773
IX-20 InterestPrograms $1,679$1,679
IX-22 Depreciation, depletion and amortizationPrograms $3,439$3,439
IX-23 InsurancePrograms $7,438$7,438
IX-24 Other expenses (24a–d)Programs $4,857$4,857
IX-24e All other expensesPrograms $35,280$35,280
IX-25 Total functional expensesPrograms $89,409$89,409
Part X · Balance sheet $286,479 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $99,404$85,266
X-2 Savings and temporary cash investmentsStart of year $86,520$89,069
X-4 Accounts receivableStart of year $200$200
X-8 Inventories for sale or useStart of year $26,595$50,384
X-10c Land, buildings and equipment, netStart of year $107,172$61,560
X-16 Total assetsStart of year $319,891$286,479
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $319,891$286,479
X-32 Total net assets or fund balancesStart of year $319,891$286,479
X-33 Total liabilities and net assetsStart of year $319,891$286,479
Part XI · Reconciliation of net assets $286,479 net assets at year end
XI-1 Total revenue$53,388
XI-2 Total expenses$89,409
XI-3 Revenue less expenses−$36,021
XI-4 Net assets at start of year$319,891
XI-8 Prior period adjustments$2,609
XI-10 Net assets at end of year$286,479

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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