Minnesota Ceramic Tile Promotion Trust
- Assets
- $490.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mendota Heights, MN
- Founding
- 05/1971
- Data as of
- 06/2023
- EIN
- 23-7109878
Organization Overview
Minnesota Ceramic Tile Promotion Trust is located in Mendota Heights, MN. The organization was established in 1971. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Ceramic Tile Promotion Trust 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 06/2023, Minnesota Ceramic Tile Promotion Trust generated $79.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $46.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FUND IS ESTABLISHED FOR THE PURPOSE OF PROMOTION AND ADVANCEMENT AND EXPANSION OF THE CERAMIC TILE CONTRACTING INDUSTRY AND PROMOTION OF THE SKILLS AND WORKMANSHIP OF THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Ferguson Trustee | 0.05 | $0 | |
Greg Grazzini Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75,175 |
| Membership dues | $0 |
| Investment income | $4,332 |
| Gain or Loss | -$46 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,461 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,043 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,999 |
| Total expenses | $46,042 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $483,341 |
| Other assets | $0 |
| Total assets | $490,010 |
| Total liabilities | $9,447 |
| Net assets or fund balances | $480,563 |