Minnesota Gerontological Society
- Assets
- $219.6k
- Revenue
- $93.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arden Hills, MN
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 36-3353356
Organization Overview
Minnesota Gerontological Society is located in Arden Hills, MN. The organization was established in 1985. According to its NTEE Classification (V36) the organization is classified as: Gerontology, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Gerontological Society 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 Gerontological Society generated $93.4k 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 (6.9%) each year. All expenses for the organization totaled $136.2k during the year ending 12/2023. 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
THE MINNESOTA GERONTOLOGICAL SOCIETY IS THE LEADING INTERDISCIPLINARY, MEMBERSHIP-BASED ORGANIZATION SUPPORTING EDUCATION, RESEARCH AND PRACTICE IN THE FIELD OF AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MGS HELD IT'S 47TH CONSECUTIVE ANNUAL CONFERENCE. THE TWO-DAY IN-PERSON CONFERENCE TOOK PLACE MARCH 20-21ST. WITH A VIRTUAL PRE-CONFERENCE ON MARCH 17TH, AND WAS THEMED "BETTER TOGETHER." ATTENDEES FROM ACROSS MINNESOTA REPRESENTED PRACTITIONERS IN AGING SERVICES, LONG-TERM CARE, RESEARCH, HIGHER EDUCATION, HEALTH CARE, HEALTH AND HUMAN SERVICES, AND HIGHER EDUCATION STUDENTS.
MGS HELD 10 MONTHLY WEBINARS IN 2023 WITH AVERAGE ATTENDANCE OF 150 PEOPLE. PRESENTATIONS INCLUDED SENIOR NUTRITION, LABOR MARKET ANALYSIS RELATED TO AGING, ETHICS IN HEALTH CARE ACCESS, VALUING THE CAREGIVER, PREPARING FOR HOLIDAY TRADITIONS, DISCUSSIONS OF WHAT MATTERS TO PEOPLE AS THEY AGED, COMMUNITY BASED APPROACHES, SENSORY CHANGES, NEW APPROACHES TO AGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Holste Co-Exec Dire | Officer | 10 | $36,742 |
Georgia Afton Board Member | Trustee | 1 | $0 |
Jane Brink Board Member | Trustee | 1 | $0 |
Meghan Coleman Board Member | Trustee | 1 | $0 |
Charissa Eaton Board Member | Trustee | 1 | $0 |
Robbin Frazier Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,517 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,428 |
| Total Program Service Revenue | $32,580 |
| Investment income | $433 |
| 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 | $93,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,742 |
| Compensation of current officers, directors, key employees. | $36,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,890 |
| Fees for services: Accounting | $5,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,995 |
| Advertising and promotion | $635 |
| Office expenses | $5,659 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,430 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,785 |
| All other expenses | $723 |
| Total functional expenses | $136,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,083 |
| Savings and temporary cash investments | $25,952 |
| 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 | $183,556 |
| Total assets | $219,591 |
| 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 | $36,035 |
| Net assets with donor restrictions | $183,556 |
| 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 | $219,591 |