CORN PALACE CITY POST 2750 VETERANS OF FOREIGN WARS

EIN: 460271005 Mutual Benefit

MITCHELL, SD

Total Revenue
$545,873
Total Expenses
$438,126
Total Assets
$931,385
Net Assets
$929,393
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
SD
Principal Officer
ART ESCALANTE
Phone
6059969470
Tax Period
2024-01-01 to 2024-12-31

CORN PALACE POST NO 2750 VETERANS, founded in 1967, is a small nonprofit in the Mutual Benefit sector that reported $357K in total revenue in fiscal year 2018. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 34% operating margin.

Mission

OUR MOST IMPORTANT OVERALL ACTIVITY IS TO PROVIDE ASSISTANCE TO ALL VETERANS OF FOREIGN WARS. THIS IS BOTH ACTUAL AND SOCIAL/MENTAL SUPPORT. WE PROVIDE A POST HOME WHERE THE VETERANS CAN VISIT TO ASSOCIATE WITH FELLOW VETERANS AND FAMILIES. THIS IS A UNIQUE ENVIRONMENT WHERE SHARED TIME IS SPENT WITH COMRADES WHO HAVE SHARED EXPERIENCES. OUR MEMBERS PROVIDE MANY COMMUNITY SERVICES PROMOTING PATRIOTISM AND LOVE OF OUR COUNTRY. WE HAVE PROGRAMS SUCH AS "VOICE OF DEMOCRACY", "PATRIOTS PEN", AND "VETERANS IN THE CLASSROOM". THESE PROGRAMS INVOLVE OUR YOUNGER PEOPLE IN WRITING ESSAYS, RESEARCHING, AND PUBLIC SPEAKING ABOUT OUR NATIONS HISTORY. WE PROVIDE HONOR GUARDS AT LEAST MONTHLY FOR OUR COMMUNITY AND CIVIC ACTIVITIES. WE ALL TO OFTEN ACTIVELY PARTICIPATE IN FUNERALS OF DECEASED VETERANS. THIS IS A SOLEMN CEREMONY INVOLVING GUN SALUTES, TAPS, AND FLAG PRESENTATIONS. WE ALSO PROMOTE VARIOUS YOUTH ACTIVITIES. WE SPONSOR TEAMS IN SEVERAL SPORTS. WE ALSO SPONSOR AND SUPPORT BOY AND GIRL SCO

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $132,348
Program Service Revenue $407,415
Investment Income $6,110
Other Revenue $0
TOTAL REVENUE $545,873

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,554
Fundraising Expenses $0
Other Expenses $359,572
TOTAL EXPENSES $438,126

Year-over-Year Comparison

2024 2023 Change
Revenue $545,873 $575,000 -0.1%
Expenses $438,126 $461,990 -0.1%
Net Income $107,747 $113,010 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
10
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$4,389
Total Directors
11
$4,389
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ART ESCALANTE COMMANDER 1.00
Officer Director
$0 $0 $0
JEREMY WHITE SR VICE COMM 1.00
Officer Director
$0 $0 $0
LEE KAYSER JR VICE COMM 1.00
Officer Director
$0 $0 $0
MARTIN CHRISTENSEN QUARTERMASTE 1.00
Officer Director
$4,389 $0 $4,389
CYNTHIA CHRISTENSEN CHAPLAIN 1.00
Director
$0 $0 $0
DUANE KUMMER 1-YEAR TRUST 1.00
Director
$0 $0 $0
CHARLES GIBSON 2-YEAR TRUST 1.00
Director
$0 $0 $0
LYLE SUNDERLAND 3-YEAR TRUST 1.00
Director
$0 $0 $0
THOMAS OBEREMBT SERVICE OFFI 1.00
Director
$0 $0 $0
JEREMY O'DELL JUDGE ADVOCA 1.00
Director
$0 $0 $0
TERRANCE LYNDE SURGEON 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $545,873 $438,126 $931,385 $107,747
2023 $575,000 $461,990 $823,989 $113,010
2022 $526,576 $415,045 $706,532 $111,531
2021 $547,411 $418,698 $595,001 $128,713
2020 $308,101 $237,028 $579,012 $71,073
2019 $325,314 $221,102 $495,601 $104,212
2018 $357,304 $236,160 $291,003 $121,144
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