EIN 41-1948093

Veit Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2000
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Veit Foundation is a corporate foundation based in Rogers, MN, that primarily funds sponsorships, general support, and after-school programs. It aims to educate guests of all ages through its automotive museum, which saw great strides in 2022. The foundation made five grants last year to various grantees, including the Pease Community Foundation, and operates from Buffalo, MN.
Total revenues
$1,336,945
2022
Total expenses
$980,252
2022
Total assets
$15,625,586
2022
Num. employees
0
2022

Program areas at Veit Foundation

The Veit automotive foundations museum saw great strides in 2022. Following our mission to educate the guests of all ages we have worked on our display signage for the history of the vehicles and the brands represented on the floor. That signage along with resetting the floor layout allowed us to highlight new vehicles that have returned from restoration or are soon to return from restoration. Those changes to the museum display space's has increased the viewer experience exponentially by category. Those same display spaces saw the addition of new upgraded led light bulbs which helps us cater to older demographics.in 2022, we were also able to fill in specific categories in current collections within the collection. Additional gas pumps returned from restoration, we added additional ashtrays and shift knobs, outboard motors, hanging artwork and petroliana/americana signage from all eras.
Restoration work continues on several 1930's vehicles that are designated to fill future positions on the floor. These will be key components completing categories here at the foundations collection. The museum has continued its no charge free admission policy for guests through the 2022 season.charitable giving continued in 2022 with us supporting several organizations throughout the year.- car shows like - motorhead madness show- change the outcome
In late 2015, the museum started a kids' club to educate children on automobiles and building hot rods. During 2019, museum representatives conducted the kids' club activities at the museum and hosted children's groups, such as girl scout troops working on their "playing the past" badges.
Collection 1933 ford delivery sedan restoration

Grants made by Veit Foundation

GranteeGrant descriptionAmount
Pease Community FoundationAfter School Program$100,000
Change The OutcomeGeneral Support$50,000

Personnel at Veit Foundation

NameTitleCompensation
Vaughn A VeitChief Executive Officer$0

Financials for Veit Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,321,270
Investment income and dividends$0
Net rental income$3,675
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$12,000
Total revenues$1,336,945

Form 990s for Veit Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-13990PFView PDF
2019-122021-06-15990PFView PDF
2018-122020-06-30990PRView PDF
...and 7 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990PF for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 21, 2023
Posted financials
Added Form 990PF for fiscal year 2020
October 21, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 27, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate operating foundationsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
8552 Baker Ave NW
Buffalo, MN 55313
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Wright County, MN
Website URL
veitauto.org/ 
Phone
(612) 499-2794
IRS details
EIN
41-1948093
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2000
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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