Willmar Area Multicultural Business Center
- Assets
- $135.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Willmar, MN
- Founding
- 03/2008
- Data as of
- 12/2017
- EIN
- 01-0893778
Organization Overview
Willmar Area Multicultural Business Center is located in Willmar, MN. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willmar Area Multicultural Business Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, Willmar Area Multicultural Business Center generated $24.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $7.9k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (64.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,982 |
| Total Revenue | $23,982 |
| Statement of Expenses | |
|---|---|
| Total expenses | $7,939 |
| Balance Sheet | |
|---|---|
| Total assets | $135,933 |
| Total liabilities | $0 |
| Net assets or fund balances | $135,933 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Willmar Area Multicultural Business Center has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Southwest Initiative Foundation Hutchinson, MN PURPOSE: WAM-BC ENTREPRENEURSHIP INITIATIVE | $12,000 |
National Association For Latino Community Asset Builders San Antonio, TX PURPOSE: Small Business | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Community Facility Public Private Partnerships Minnetonka, MN | $139,342,573 | $6,847,373 |
Emerge Community Development Minneapolis, MN | $6,688,888 | $6,982,216 |
Regional Development Authority Davenport, IA | $4,541,432 | $7,109,702 |
Southwestern Minnesota Opportunity Council Inc Worthington, MN | $6,681,573 | $5,602,564 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
South Central Iowa Community Action Program Inc Chariton, IA | $1,633,928 | $5,339,343 |