Greater Milan Initiative
- Assets
- $98.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milan, MN
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-0774267
Organization Overview
Greater Milan Initiative is located in Milan, MN. The organization was established in 2009. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Milan Initiative 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 12/2021, Greater Milan Initiative generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $40.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Thompson Secretary | 0 | $0 | |
Michelle Ascheman Chair Person | 0 | $0 | |
Rich Isder Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,446 |
| Total Program Service Revenue | $24,017 |
| Membership dues | $525 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,988 |
| 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 | $100 |
| Occupancy, rent, utilities, and maintenance | $24,555 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,570 |
| Total expenses | $40,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,115 |
| Other assets | $0 |
| Total assets | $98,622 |
| Total liabilities | $21,341 |
| Net assets or fund balances | $77,281 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Milan Initiative has recieved totaling $92.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side Neighborhood Service Inc Minneapolis, MN | $7,670,866 | $8,888,574 |
Irwin A And Robert D Goodman Community Center Inc Madison, WI | $24,842,387 | $10,176,996 |
Childrens Outing Assn Milwaukee, WI | $15,302,418 | $8,063,882 |
Moravian Homes Inc Watertown, WI | $28,063,603 | $3,247,158 |
Cornerstone Rescue Mission Rapid City, SD | $5,907,106 | $4,930,916 |
Family Wellness Llc Fargo, ND | $11,933,001 | $3,522,723 |
Minnesota Jewish Community Center Foundation St Paul, MN | $41,644,473 | $3,473,311 |
Neighborhood Centers Of Johnson County Iowa City, IA | $3,099,407 | $3,074,112 |
Middleton Outreach Ministry Inc Middleton, WI | $3,987,420 | $3,264,135 |
Community Action Center Of Northfield Inc Northfield, MN | $3,121,074 | $2,868,040 |
Hallie Q Brown Community Center Incorporated St Paul, MN | $3,048,840 | $2,990,433 |
Journey House Inc Milwaukee, WI | $11,939,610 | $2,461,564 |