Minneapolis Electrical Industry Board
- Assets
- $237.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 02/1971
- Data as of
- 08/2023
- EIN
- 23-7098412
Organization Overview
Minneapolis Electrical Industry Board is located in St Louis Park, MN. The organization was established in 1971. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Minneapolis Electrical Industry Board is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Minneapolis Electrical Industry Board generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $41.5k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,500 |
| Membership dues | $0 |
| Investment income | $262 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,762 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $35,669 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $350 |
| Total expenses | $41,519 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,314 |
| Other assets | $0 |
| Total assets | $237,314 |
| Total liabilities | $0 |
| Net assets or fund balances | $237,314 |