Martin County Veterans Memorial EIN 82-3471876

Martin County Veterans Memorial

EIN  82-3471876 Public charity (501(c)(3)) Fairmont, MN Founded 2017
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Honors veterans of Martin County through recognition and support.
Leadership
Terry Anderson · President
Money in and out
$74K revenue, $44K expenses
Bottom line
96% program efficiency

Honors veterans of Martin County through recognition and support. For fiscal year 2025 it reported $74K in revenue, $44K in expenses, and $465K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$74K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$465K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs0% vs prior filing year
Operating runway
28.4mo
months of highly liquid reserves at operating expense rate▲ +50% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +368% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$74K
FY2025▲ +71%
Expenses
$44K
FY2025▼ -11%
Total assets
$465K
FY2025▲ +7%
Total liabilities
$0
FY2025
Total revenue
$74K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$465K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$465K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $42K of program spending, described in the organization's own filed words · FY2025.
01

To honor veterans of martin county

$42Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMartin County Veterans Memorial
EINHdr · item D82-3471876
Principal addressHdr · item CFairmont, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2017
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Martin County Veterans Memorial executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$64K · 86%
Program service revenue$8K · 11%
Investment income$2K · 3%
Contributions & grants86%$64K
Program service revenue11%$8K
Investment income3%$2K
— government grantsLn 1e$64K
Total revenueLn 12$74K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$42K
Management & general4%$2K
Total functional expensesLn 25$44K

Balance Sheet

Part X · end of year
CashLn 1$104K
Total assetsLn 16$465K
Total liabilitiesLn 26$0
Total net assetsLn 32$465K
Months of cash on handcomputed28.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $104K · Operating expenses/yr $44K
28.4 months
Where the money goes
Program services
Program services $42K · Total expenses $44K
96%
Management & General
Management & general $2K · Total expenses $44K
4%
Fundraising
Fundraising $0 · Total expenses $44K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $74K
86%
Government reliance
Government grants $64K · Total revenue $74K
86%
Earned-income share
Program service revenue $8K · Total revenue $74K
11%
Investment reliance
Investment income $2K · Total revenue $74K
+3%
Program self-sufficiency
Program service revenue $8K · Total expenses $44K
18%
Growth & trend
Revenue growth (YoY)
This year $74K · Prior year $43K
+71%
Revenue CAGR
FY2019 $133K · FY2025 $74K
-9%
Net-asset trend (YoY)
End of year $465K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $74K · Expenses $44K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $465K
Net-asset ratio
Net assets $465K · Total assets $465K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $465K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Terry Anderson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $44K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $44K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth 71%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$74K revenue · viewing · ⤓ 990 PDF
FY2024$43K revenue · ⤓ 990 PDF
FY2023$40K revenue · ⤓ 990 PDF
FY2022$46K revenue · ⤓ 990 PDF
FY2021$62K revenue · ⤓ 990 PDF
FY2020$99K revenue · ⤓ 990 PDF
FY2019$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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