Minnetonka Teachers Assoc & Dist Svc
- Assets
- $74.0k
- Revenue
- $723.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 10/1999
- Data as of
- 08/2023
- EIN
- 23-7125443
Organization Overview
Minnetonka Teachers Assoc & Dist Svc is located in Minnetonka, MN. The organization was established in 1999. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnetonka Teachers Assoc & Dist Svc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Minnetonka Teachers Assoc & Dist Svc generated $723.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $741.0k during the year ending 08/2023. While expenses have increased by 26.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LEGAL AND NEGOTIATION SERVICES TO EMPLOYMENT DISPUTES WITH THE DISTRCIT AND PROVIDES MEETING SPACE AND FUNDING FOR MEMBERS EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENT MEMBERS IN COLLECTIVE BARGAINING, PROCESS GRIEVANCES, IMPROVE STATUS OF MEMBERS, PROMOTE IMPROVEMENT OF PUBLIC EDUCATION, ESTABLISH AND MAINTAIN PUBLIC RELATIONS WITHIN TEACHER RANKS AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Lipsky President | OfficerTrustee | 20 | $7,517 |
Heather Richins Vice Preside | OfficerTrustee | 10 | $5,566 |
Allison Lundquist Treasurer | OfficerTrustee | 4 | $4,131 |
Rachel Chase Secretary | OfficerTrustee | 4 | $3,811 |
Ali Wachutka Gov Brd Repr | Trustee | 1 | $470 |
Amy Altenberg Gov Brd Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,528 |
| Total Program Service Revenue | $719,024 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $723,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,251 |
| Compensation of current officers, directors, key employees. | $9,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,403 |
| Interest | $0 |
| Payments to affiliates | $600,661 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $711 |
| Total functional expenses | $741,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,975 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $73,975 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,975 |