Printing Industry Midwest Inc
- Assets
- $3.4m
- Revenue
- $722.4k
- Investments
- $2.7m
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- 04/1993
- Data as of
- 03/2022
- EIN
- 41-0748425
Organization Overview
Printing Industry Midwest Inc is located in Golden Valley, MN. The organization was established in 1993. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Printing Industry Midwest 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 03/2022, Printing Industry Midwest Inc generated $722.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $800.8k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE LEADING RESOURCE FOR THE PRINTING AND GRAPHIC COMMUNICATIONS INDUSTRY IN MINNESOTA, IOWA, NEBRASKA, NORTH DAKOTA, AND SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNCTIONAL EVENTS - THE PIM, INC SPONSORS VARIOUS EVENTS FOR ITS MEMBERS AND THE GENERAL PUBLIC TO EDUCATE PARTICIPANTS ABOUT THE PRINTING INDUSTRY AND TO PROMOTE THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Dally CFO | Officer | 40 | $66,814 |
Tom Murphy Chair | OfficerTrustee | 0 | $0 |
Mike Lane Director | Trustee | 0 | $0 |
Tim Johnson Director | Trustee | 0 | $0 |
Perry Klein Chair Elect | OfficerTrustee | 0 | $0 |
Steve Bonoff President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $333,711 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,985 |
| Total Program Service Revenue | $3,750 |
| Investment income | $124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $42,402 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $722,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,079 |
| Pension plan accruals and contributions | $18,466 |
| Other employee benefits | $30,080 |
| Payroll taxes | $31,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,463 |
| Fees for services: Accounting | $27,056 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,123 |
| Travel | $1,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26 |
| Interest | $4,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,740 |
| Insurance | $14,343 |
| All other expenses | $32,175 |
| Total functional expenses | $800,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,398 |
| Savings and temporary cash investments | $248,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,363 |
| 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 | $23,177 |
| Net Land, buildings, and equipment | $3,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,746,906 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,013 |
| Total assets | $3,370,388 |
| Accounts payable and accrued expenses | $193,553 |
| Grants payable | $0 |
| Deferred revenue | $158,660 |
| 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 | $15,337 |
| Other liabilities | $0 |
| Total liabilities | $367,550 |
| Net assets without donor restrictions | $3,002,838 |
| 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 | $3,370,388 |
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|---|---|---|
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Iowa State Daily Publication Ames, IA | $272,602 | $1,179,802 |
Student Publications Incorporated Iowa City, IA | $1,877,075 | $1,687,333 |
Coffee House Press Inc Minneapolis, MN | $1,101,126 | $1,040,761 |
Progressive Inc Madison, WI | $339,899 | $1,449,117 |
Center For Media And Democracy Inc Madison, WI | $1,991,473 | $1,140,052 |
Printing Industry Midwest Inc Golden Valley, MN | $3,370,388 | $722,427 |
The Society Of Gilbert Keith Chesterton Hopkins, MN | $173,650 | $743,302 |
Great Lakes Graphics Association Inc Pewaukee, WI | $1,005,677 | $664,445 |