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Veap Inc

EIN 41-6175999 · Bloomington, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair65 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Together we create pathways to stronger, more hopeful communities through access to healthy food, housing stability, and supportive services.

Income
$14.7 million
Spending
$13.7 million
Spent on programs
92%
Reserves
1 months of spending
Largest source of income
donations and private grants, 87%
Employees
37
Volunteers
1,549
Highest pay
$214,349, president and ceo

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 65 out of 100.

  • Reserves

    10 of 35

    Spendable reserves would cover 1.0 months of spending.

  • Debt

    10 of 20

    It owes 41% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 7% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    18 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $11.1 million spent. 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 located throughout VEAP's service area. Food was provided throughout the school year to 14,703 students in the Edina, Richfield, and Bloomington School Districts. VEAP's state-of-the-art commercial kitchen served as a business incubation site for start-up businesses that produced food for market wholesale.
  2. $1.4 million spent. VEAP'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.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1978.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.