Minnesota · Nonprofit
VEAP Inc
VEAP Inc (Minnesota) receives grants from 111 organizations whose IRS filings report $7,668,218 to it, the largest being HUNGER RELATED EVENTS ($1,067,500). 68 of them have funded it in more than one year.
- Revenue FY2025
- $15M
- Funders on record
- 111
- Grants received
- $7.7M
- Net assets
- $5.1M
What VEAP Inc does
Mission
Together we create pathways to stronger, more hopeful communities through access to healthy food, housing stability, and supportive services.
As stated on its FY2025 Form 990.
Programs
VEAP's Food and Basic Needs Program provides access to healthy, fresh foods for households experiencing food-insecurity. The program includes an on-site food pantry, mobile food pantry, student hunger initiative (supplemental food for school-age children), and food deliveries to seniors or individuals with mobility barriers. VEAP operates one of the largest food pantries in the state with 255,397 total Food and Basic Needs program services provided, including 49,933 express packs (up to 50 pounds of groceries for walk-in visitors) in 2025. Of the nearly 4.1 million pounds of food that was distributed, over 44% was fresh fruits and vegetables. VEAP offers fresh fruits and vegetables, dairy, deli, bakery, and a variety of food choices that include protein, meats, canned goods, and non-perishable items. Participants may visit the on-site food pantry/mobile pantry as needed, typically 1-2 times per month.VEAP addressed transportation barriers to healthy food access by providing full-service food deliveries to 10,527 seniors or qualifying individuals in 2025. The mobile food pantry provided 43,837 individuals with access to healthy foods at designated sites in areas of high need…
$11,141,887 spentof which $9,373,966 as grants89% of program spendingVEAP's Social Services Program provides caring, professional support to households experiencing food-insecurity, high-risk of eviction or homelessness, and financial crisis. Through a holistic service delivery with housing stability at the center of our focus, services include housing advocacy, case management, referrals, resource navigation and coordination, and emergency financial assistance in the form of rent, deposit, or utility assistance and other assistance to maintain housing or employment. In 2025, VEAP provided $698,263 in financial assistance, including $682,622 for rent or utilities, $6,750 for rental deposits, $2,405 for transportation assistance, and $6,486 in grocery gift cards and other essential basic needs.Participants work with Social Services using a strengths-based, case management approach to prevent homelessness and stabilize income. Social Services staff meets with participants to complete an individualized assessment and provide financial assistance, supportive services, and navigation of community resources to help regain stability quickly.
$1,415,769 spentof which $253,153 as grants$59,000 earned by the program11% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $12,557,656.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $6.4M to $8.5M (+34%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 7% · 2018 9% · 2019 16% · 2020 28% · 2021 35% · 2022 23% · 2023 7% · 2024 10% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kari Thompson
President and CEO
Board chair
Molly McCormick
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 16 funders to 45 funders, grant income rose $177k → $1.3M.
23 of 111 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of VEAP Inc’s funders (the co-funder graph). Top 30 of 111 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VEAP Inc has a broad base — no single funder exceeds 14% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
67% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VEAP Inc.
Largest funder’s share by year: 2017 28% · 2018 21% · 2019 18% · 2020 15% · 2021 13% · 2022 18% · 2023 21% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
48% of VEAP Inc's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
81% of VEAP Inc's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.2M arriving through sponsors registered in 16 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like VEAP Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
97%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for VEAP Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VEAP Inc?
- VEAP Inc (Minnesota) receives grants from 111 organizations whose IRS filings report $7,668,218 to it, the largest being HUNGER RELATED EVENTS ($1,067,500). 68 of them have funded it in more than one year.
- How many funders does VEAP Inc have?
- IRS filings report 111 organizations giving $7,668,218 in grants to VEAP Inc, 68 of which have funded it in more than one year.
- Who is the largest funder of VEAP Inc?
- HUNGER RELATED EVENTS is the largest funder on record, with $1,067,500 in grants. The full list of funders is on this page.
- How can an organization like VEAP Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds VEAP →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 111 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing