Minnesota Forest Industries Inc
- Assets
- $382.5k
- Revenue
- $785.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Duluth, MN
- Founding
- 02/1973
- Data as of
- 12/2021
- EIN
- 41-0626915
Organization Overview
Minnesota Forest Industries Inc is located in Duluth, MN. The organization was established in 1973. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Minnesota Forest Industries Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Forest Industries Inc 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 12/2021, Minnesota Forest Industries Inc generated $785.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $725.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INFORM AND EDUCATE THE PUBLIC ABOUT FOREST INDUSTRIES PRACTICES IN MINNESOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Birkeland Executive VP Until 12/7/21 | Officer | 40 | $111,243 |
Rick Horton Executive VP Started 12/7/21 | Officer | 40 | $86,453 |
Allen Raushel Treasurer | OfficerTrustee | 1 | $0 |
Cameron Lewis President | OfficerTrustee | 1 | $0 |
Michael Wagner Vice President | OfficerTrustee | 1 | $0 |
Wade Semeliss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $707,862 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $772,611 |
| Total Program Service Revenue | $0 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,415 |
| 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 | $31 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $785,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,384 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,605 |
| Pension plan accruals and contributions | $8,048 |
| Other employee benefits | $10,371 |
| Payroll taxes | $21,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,790 |
| Fees for services: Accounting | $26,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $894 |
| Advertising and promotion | $0 |
| Office expenses | $14,166 |
| Information technology | $2,380 |
| Royalties | $0 |
| Occupancy | $21,143 |
| Travel | $27,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,936 |
| Interest | $147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,479 |
| All other expenses | $10,187 |
| Total functional expenses | $725,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,742 |
| Savings and temporary cash investments | $106,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $5,238 |
| 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 | $382,538 |
| Accounts payable and accrued expenses | $8,541 |
| 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 | $8,541 |
| Net assets without donor restrictions | $0 |
| 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 | $373,997 |
| Total liabilities and net assets/fund balances | $382,538 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Forest Industries Inc has recieved totaling $4,342.
| Awarding Organization | Amount |
|---|---|
American Forest Foundation Washington, DC PURPOSE: LANDOWNER OUTREACH | $4,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Therese Communities St Louis Park, MN | $121,765,844 | $46,911,248 |
Sioux Falls Environmental Access Inc Sioux Falls, SD | $7,756,758 | $3,855,352 |
Minnesota Center For Environmental Advocacy Saint Paul, MN | $4,803,986 | $3,527,564 |
Taliesin Preservation Inc Spring Green, WI | $4,141,300 | $2,912,475 |
Halter Wildlife Inc Pleasant Prairie, WI | $2,698,381 | $1,665,084 |
St Paul Transportation Management Organization Saint Paul, MN | $798,950 | $1,352,019 |
White Earth Rediscovery Center White Earth, MN | $13,477,224 | $170,141 |
Minnesota Forest Industries Inc Duluth, MN | $382,538 | $785,019 |
Clean Energy Economy Minnesota Minneapolis, MN | $198,416 | $664,959 |
Alpha Pi Alliance For The Preserva Tion Of Historic Places Inc Verona, WI | $16,278 | $246,592 |
Northwest South Dakota Regional Landfill Association Inc Lemmon, SD | $1,736,642 | $465,405 |
Coalition For Sustainable Initiatives Whitefish Bay, WI | $10,950 | $440,660 |