Civic Intelligence

Magnus Veterans Foundation

EIN 83-2526912 • 501(c)3 • Dayton, MN

Profile

Healing and honoring our veterans and their families through community fellowship; using a comprehensive approach to restoring the mind, body, heart and spirit.

16861 N Diamond Lake RoadDayton, MN 55327

magnusveteransfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.06x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.2%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

-0.9%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-3.1%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$4,298,602

Down $37,150 (-0.9%) from 2023

Liabilities

Up

$247,304

Up $2,261 (+0.9%) from 2023

Net Assets

Down

$4,051,298

Down $39,411 (-1.0%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin30th percentile

Revenue

Down

$946,740

Down $29,901 (-3.1%) from 2023

Expenses

Up

$986,151

Up $228,821 (+30%) from 2023

Net Income

Down

-$39,411

Down $258,722 (-118%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $20,521Net Assets 2019: $20,5212019Assets 2020: $3,988,864Liabilities 2020: $81,410Net Assets 2020: $3,907,4542020Assets 2021: $4,178,612Liabilities 2021: $225,548Net Assets 2021: $3,953,0642021Assets 2022: $4,133,078Liabilities 2022: $245,009Net Assets 2022: $3,888,0692022Assets 2023: $4,335,752Liabilities 2023: $245,043Net Assets 2023: $4,090,7092023Assets 2024: $4,298,602Liabilities 2024: $247,304Net Assets 2024: $4,051,2982024

Highlighted filing

2024

Assets$4,298,602
Liabilities$247,304
Net Assets$4,051,298
Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2019: $62,977Expenses 2019: $42,456Net Income 2019: $20,5212019Revenue 2020: $3,985,213Expenses 2020: $98,280Net Income 2020: $3,886,9332020Revenue 2021: $582,375Expenses 2021: $536,765Net Income 2021: $45,6102021Revenue 2022: $607,660Expenses 2022: $672,655Net Income 2022: -$64,9952022Revenue 2023: $976,641Expenses 2023: $757,330Net Income 2023: $219,3112023Revenue 2024: $946,740Expenses 2024: $986,151Net Income 2024: -$39,4112024

Highlighted filing

2024

Revenue$946,740
Expenses$986,151
Net Income-$39,411
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,298,602
Liabilities
$247,304
Net assets
$4,051,298
Revenue
$946,740
Expenses
$986,151
Net income
-$39,411
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$0.25$4.05$0.95$0.99$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.34$0.25$4.09$0.98$0.76$0.22
2022Detailed filing. Detailed filing data is available for this year.$4.13$0.25$3.89$0.61$0.67$0.06
2021Detailed filing. Detailed filing data is available for this year.$4.18$0.23$3.95$0.58$0.54$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.99$0.08$3.91$3.99$0.10$3.89
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.06$0.04$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 31, 2025
Return Version
2024v5.0
Gross Receipts
$1,002,519
Mission and Program Overview

Mission

Healing and honoring our veterans and their families through community fellowship; using a comprehensive approach to restoring the mind, body, heart and spirit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,019,029$4,034,615▲ $15,586
Savings and Temporary Cash Investments$236,770$202,629▼ $34,141
Cash and Non-Interest-Bearing Accounts$74,863$56,457▼ $18,406
Intangible Assets$5,090$4,901▼ $189
Total Assets$4,335,752$4,298,602▼ $37,150
Liabilities
Mortgage Notes Payable Secured by Investment Property$240,673$240,673→ $0
Other Liabilities$4,370$6,631▲ $2,261
Total Liabilities$245,043$247,304▲ $2,261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,090,709$4,051,298▼ $39,411
Total Net Assets Fund Balance$4,090,709$4,051,298▼ $39,411
Total Liabilities and Net Assets / Fund Balance$4,335,752$4,298,602▼ $37,150

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,039,233$351,769$3,391,002
Land$950,000-$950,000
Equipment$45,382$125,803$171,185
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Shawn AldermanPresident
Jim RouillardBoard Member
Michael OakleeBoard Member
Tim MckeeBoard Member
Tim KennedySecretary
Jon DolphinTreasurer
Bob JaskowiakVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$945,076
Program Service Revenue
$0
Investment Income
$6,604
Other Revenue
$-4,940
All Other Contributions
$760,251
Change in Net Assets
$-39,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$946,740
Revenue Not Reported on Form 990
$55,779
Total Revenue per Audited Statements
$1,002,519
Total Revenue per Form 990
$946,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$666,514
Salaries, Compensation, and Employee Benefits$319,637
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$215,617$60,730-$276,347
Fees for Services Other$264,797$9,885-$274,682
Depreciation Depletion$120,212$1,530-$121,742
Other Expenses$32,895$51,733-$84,628
Insurance-$46,856-$46,856
Payroll Taxes$38,259$5,031-$43,290
Interest-$11,261-$11,261
Total Functional Expenses$700,759$285,392$0$986,151

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,030,165
Expenses per Audited Statements$986,151
Total Expenses per Form 990$986,151
Expenses Not Reported on Form 990$44,014
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,779
Fundraising Gross Income$48,163
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Festival Events$107,782$37,062$18,897$18,165
Daytona Golf to$70,126$11,101$909$10,192
Total Events$177,908$48,163$55,779$-7,616
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$6,631
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“REVIEWED BY TREASURER.”

Form 990, Page 6, Part VI, Line 12C

“The purpose of this policy is to help board members of the magnus veterans foundation ("mvf") to identify, disclose and manage any actual, potential or perceived conflicts of interest in order to protect the integrity of the mvf and manage risks. The mvf board wants to ensure that board members are aware of their obligations to disclose any conflicts of interest that they may have, and to comply with this policy to ensure they effectively manage those conflicts of interest as representatives of the mvf. This policy applies to the board members of the mvf. A situation that has the potential to undermine the impartiality of a person because of the possibility of a clash between the person's self- interest and professional interest or public interest or a situation in which a party's responsibility to a second party limits its ability to discharge its responsibility to a third party. This policy has been developed because conflicts of interest may arise and do not need to present a problem to the mvf is they are openly and effectively managed. It is the policy the mvf as well as the responsibility fo the board, that ethical, legal, financial or other conflicts of interest be avoided and that any such conflicts (where they do arise) do not conflict with the obligations to the mvf. The mvf will manage conflicts of interest by requiring board members to: avoid conflicts of interest where possible identify and disclose any conflicts of interest carefully manage any conflicts of interest follow this policy and respond to any breaches”

Form 990, Page 6, Part VI, Line 15A

“The board of directors reviews compensation for management position employees annually and agrees upon and approves pay increases or 1-time bonuses.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviews compensation for key employees annually and agrees upon and approves pay increases or 1-time bonuses.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Magnus Veterans Foundation
EIN
83-2526912
Phone
3607040421
Address
16861 N DIAMOND LAKE ROAD, DAYTON, MN 55327

Signing Officer

Name
Shawn Alderman
Title
President
Phone
7635469340
Signed
2025-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Alderman
Formed
2019
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
151

Preparer

Firm
Murry & Associates LLC
Address
7575 GOLDEN VALLEY RD STE 119, GOLDEN VALLEY, MN 55427
Preparer
Jenna Johnson
Phone
7635469340
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractors 264,797 0 0 admin contractors 0 9,885 0 total 264,797 9,885 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Festival events net to gross revenue 44,130 golf event net to gross revenue 11,649”

Schedule D, Page 4, Part XII, Line 2D

“Festival events expenses 44,130 golf event expenses 11,649 increase in accrued payroll -16,235 decrease in tax liability -8,150 increase in accounts payable 17,234 increase in prepaid insurance -4,614”

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0351769
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03391002
IRS990ScheduleD/EquipmentGrp/BookValueAmt045382
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0125803
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0171185
IRS990ScheduleD/ExpensesNotReportedAmt044014
IRS990ScheduleD/ExpensesSubtotalAmt0986151
IRS990ScheduleD/LandGrp/BookValueAmt0950000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0950000
IRS990ScheduleD/OtherExpensesIncludedAmt044014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherRevenueAmt055779
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IRS990ScheduleD/RevenueSubtotalAmt0946740
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FESTIVAL EVENTS NET TO GROSS REVENUE 44,130 GOLF EVENT NET TO GROSS REVENUE 11,649
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FESTIVAL EVENTS EXPENSES 44,130 GOLF EVENT EXPENSES 11,649 INCREASE IN ACCRUED PAYROLL -16,235 DECREASE IN TAX LIABILITY -8,150 INCREASE IN ACCOUNTS PAYABLE 17,234 INCREASE IN PREPAID INSURANCE -4,614
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0DAYTONA GOLF TO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSE OF THIS POLICY IS TO HELP BOARD MEMBERS OF THE MAGNUS VETERANS FOUNDATION ("MVF") TO IDENTIFY, DISCLOSE AND MANAGE ANY ACTUAL, POTENTIAL OR PERCEIVED CONFLICTS OF INTEREST IN ORDER TO PROTECT THE INTEGRITY OF THE MVF AND MANAGE RISKS. THE MVF BOARD WANTS TO ENSURE THAT BOARD MEMBERS ARE AWARE OF THEIR OBLIGATIONS TO DISCLOSE ANY CONFLICTS OF INTEREST THAT THEY MAY HAVE, AND TO COMPLY WITH THIS POLICY TO ENSURE THEY EFFECTIVELY MANAGE THOSE CONFLICTS OF INTEREST AS REPRESENTATIVES OF THE MVF. THIS POLICY APPLIES TO THE BOARD MEMBERS OF THE MVF. A SITUATION THAT HAS THE POTENTIAL TO UNDERMINE THE IMPARTIALITY OF A PERSON BECAUSE OF THE POSSIBILITY OF A CLASH BETWEEN THE PERSON'S SELF- INTEREST AND PROFESSIONAL INTEREST OR PUBLIC INTEREST OR A SITUATION IN WHICH A PARTY'S RESPONSIBILITY TO A SECOND PARTY LIMITS ITS ABILITY TO DISCHARGE ITS RESPONSIBILITY TO A THIRD PARTY. THIS POLICY HAS BEEN DEVELOPED BECAUSE CONFLICTS OF INTEREST MAY ARISE AND DO NOT NEED TO PRESENT A PROBLEM TO THE MVF IS THEY ARE OPENLY AND EFFECTIVELY MANAGED. IT IS THE POLICY THE MVF AS WELL AS THE RESPONSIBILITY FO THE BOARD, THAT ETHICAL, LEGAL, FINANCIAL OR OTHER CONFLICTS OF INTEREST BE AVOIDED AND THAT ANY SUCH CONFLICTS (WHERE THEY DO ARISE) DO NOT CONFLICT WITH THE OBLIGATIONS TO THE MVF. THE MVF WILL MANAGE CONFLICTS OF INTEREST BY REQUIRING BOARD MEMBERS TO: AVOID CONFLICTS OF INTEREST WHERE POSSIBLE IDENTIFY AND DISCLOSE ANY CONFLICTS OF INTEREST CAREFULLY MANAGE ANY CONFLICTS OF INTEREST FOLLOW THIS POLICY AND RESPOND TO ANY BREACHES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS COMPENSATION FOR MANAGEMENT POSITION EMPLOYEES ANNUALLY AND AGREES UPON AND APPROVES PAY INCREASES OR 1-TIME BONUSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS COMPENSATION FOR KEY EMPLOYEES ANNUALLY AND AGREES UPON AND APPROVES PAY INCREASES OR 1-TIME BONUSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTORS 264,797 0 0 ADMIN CONTRACTORS 0 9,885 0 TOTAL 264,797 9,885 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SHAWN ALDERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-31
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MURRY & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07575 GOLDEN VALLEY RD STE 119
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GOLDEN VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
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