Minnesota River Area Agency On Aging Inc
- Assets
- $2.8m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 47
- Location
- Mankato, MN
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 26-1632413
Organization Overview
Minnesota River Area Agency On Aging Inc is located in Mankato, MN. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Minnesota River Area Agency On Aging Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota River Area Agency On Aging Inc 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 12/2023, Minnesota River Area Agency On Aging Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 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.
Since 2015, Minnesota River Area Agency On Aging Inc has awarded 156 individual grants totaling $30,523,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MNRAAA HELPS OLDER ADULTS THRIVE IN SOUTHWEST MN BY ENABLING OLDER ADULTS TO MAINTAIN THE LIFESTYLE OF THEIR CHOICE. MNRAAA STRIVES TO ENSURE THAT SERVICES ARE AVAILABLE FOR OLDER ADULTS AND CAREGIVERS, BY PROVIDING INFORMATION AND ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MNRAAA FUNDS CORE SERVICES TO HELP OLDER ADULTS AND CAREGIVERS LIVING AT HOME; COLLABORATES WITH COMMUNITIES, COUNTIES AND HEALTH AND SOCIAL SERVICE PROVIDERS TO INCREASE LOCAL CAPACITY TO MEET THE NEEDS OF AN AGING POPULATION; AND PROVIDES OLDER ADULTS, THEIR FAMILIES AND CAREGIVERS WITH INFORMATION ABOUT SERVICES, FINANCIAL ASSISTANCE AND HEALTH CARE COVERAGE THROUGH THE SENIOR LINKAGE LINE. PERSONS AGE 60 AND ABOVE AND CAREGIVERS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason W Swanson Executive Director | Officer | 40 | $111,101 |
Rosie Dehli Secretary | OfficerTrustee | 1 | $0 |
Khou Lor Chair | OfficerTrustee | 1 | $0 |
Beverly Gillund Vice-Chair | OfficerTrustee | 1 | $0 |
Pam Radunz Treasurer | OfficerTrustee | 1 | $0 |
Deborah Rezac Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Multimedia Holding Company Outreach Contract Services | 12/30/17 | $199,182 |
Gnada Consulting Llc Outreach Contract Services | 12/30/17 | $100,444 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,036,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,059,322 |
| Total Program Service Revenue | $88,997 |
| Investment income | $1,087 |
| 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 | $9,149,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,685,027 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,161 |
| Compensation of current officers, directors, key employees. | $16,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,064,308 |
| Pension plan accruals and contributions | $115,233 |
| Other employee benefits | $417,403 |
| Payroll taxes | $150,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $605 |
| Fees for services: Accounting | $21,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,419 |
| Fees for services: Other | $145,715 |
| Advertising and promotion | $14,706 |
| Office expenses | $61,605 |
| Information technology | $149,731 |
| Royalties | $0 |
| Occupancy | $61,201 |
| Travel | $67,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,899 |
| All other expenses | $6,833 |
| Total functional expenses | $9,130,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $833,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,923,537 |
| 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 | $482 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,545 |
| Total assets | $2,789,080 |
| Accounts payable and accrued expenses | $238,298 |
| Grants payable | $1,350,801 |
| Deferred revenue | $109,181 |
| 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 | $31,545 |
| Total liabilities | $1,729,825 |
| Net assets without donor restrictions | $1,059,008 |
| Net assets with donor restrictions | $247 |
| 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 | $2,789,080 |
Grants Awarded
Over the last fiscal year, Minnesota River Area Agency On Aging Inc has awarded $5,160,523 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN MN REGIONAL LEGAL SERVICES INC PURPOSE: Legal Assistance; Legal Education | $142,656 |
ACE OF SOUTHWEST MINNESOTA PURPOSE: Caregiver Counseling; Support Groups; Training; Respite - In Home | $53,868 |
LUTHERAN SOCIAL SERVICE OF MINNESOTA PURPOSE: Caregiver Counseling; Support Groups; Training; Respite In Home, Out of Home Day, and Other | $111,400 |
WELLSPRING FAITH IN ACTION PURPOSE: Caregiver; Support Groups; Training; Respite - In Home | $34,395 |
INTERFAITH CAREGIVERS-FAITH IN ACTION IN FARIBAULT COUNTY PURPOSE: Caregiver Counseling; Training; Respite- In Home and Out of Home Day | $43,821 |
PRAIRIE FIVE COMMUNITY ACTION COUNCIL INC PURPOSE: Congregate Meals; Home Delivered Meals | $783,539 |