Minnesota School Boards Association
- Assets
- $7.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 25
- Location
- St Peter, MN
- Founding
- 06/1960
- Data as of
- 06/2024
- EIN
- 41-0837769
Organization Overview
Minnesota School Boards Association is located in St Peter, MN. The organization was established in 1960. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2024, Minnesota School Boards Association employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota School Boards Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Minnesota School Boards Association generated $5.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $4.5m during the year ending 06/2024. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
A STATEWIDE UNIFYING VOICE FOR PUBLIC EDUCATION; MSBA SUPPORTS AND EMPOWERS MINNESOTA PUBLIC SCHOOL BOARDS THROUGH ADVOCACY, BOARD DEVELOPMENT, AND POLICY AND LEGAL GUIDANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, SEMINARS, PUBLICATIONS, AND SUPPORT SERVICES FOR BOARD MEMBERS AND ADMINISTRATION OF ALL MINNESOTA SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Leiding President | OfficerTrustee | 1 | $9,600 |
Kristi Peterson President-Elect | OfficerTrustee | 1 | $5,970 |
David Klatt Director | Trustee | 1 | $1,650 |
Mike Pfeil Director | Trustee | 1 | $2,580 |
Samantha Best Director | Trustee | 1 | $0 |
Milind Sohoni Director | Trustee | 1 | $1,980 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Association Of School Boards Contracted Services | 6/29/17 | $157,500 |
Volk Building Inc Contracted Services | 6/29/17 | $104,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,979,021 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,979,021 |
| Total Program Service Revenue | $2,942,710 |
| Investment income | $378,949 |
| 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 | $5,300,680 |
| 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. | $467,821 |
| Compensation of current officers, directors, key employees. | $116,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,820,935 |
| Pension plan accruals and contributions | $156,377 |
| Other employee benefits | $462,623 |
| Payroll taxes | $139,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,894 |
| Fees for services: Accounting | $31,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,695 |
| Advertising and promotion | $0 |
| Office expenses | $121,927 |
| Information technology | $52,184 |
| Royalties | $0 |
| Occupancy | $146,850 |
| Travel | $185,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397,537 |
| Interest | $2,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,224 |
| Insurance | $0 |
| All other expenses | $15,682 |
| Total functional expenses | $4,536,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,725,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $435,163 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,918 |
| Prepaid expenses and deferred charges | $3,100 |
| Net Land, buildings, and equipment | $494,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,607 |
| Total assets | $7,718,962 |
| Accounts payable and accrued expenses | $457,525 |
| Grants payable | $0 |
| Deferred revenue | $58,252 |
| 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 | $299,712 |
| Total liabilities | $815,489 |
| Net assets without donor restrictions | $6,903,473 |
| 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 | $7,718,962 |