Minnesota Chapter American Physical Therapy Association
- Assets
- $220.5k
- Revenue
- $262.7k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 07/1978
- Data as of
- 12/2023
- EIN
- 41-1325187
Organization Overview
Minnesota Chapter American Physical Therapy Association is located in St Paul, MN. The organization was established in 1978. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Chapter American Physical Therapy Association 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 12/2023, Minnesota Chapter American Physical Therapy Association generated $262.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $282.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. 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
VOLUNTEER/MEMBER LED ORGANIZATION REPRESENTING THE MINNESOTA PHYSICAL THERAPY PROFESSION. THE MINNESOTA PHYSICAL THERAPY ASSOCIATION LEADS ITS MEMBERSHIP IN ADVOCATING FOR AND SECURING THE FUTURE OF THE PROFESSION OF PHYSICAL THERAPY FOR THE BENEFIT OF THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MN HELD CONTINUING EDUCATION CLASSES AND AN ANNUAL CONFERENCE TO MEET THE NEEDS OF IT MEMBERS. CLASSES WERE HELD VIRTUALLY AND IN-PERSON. APTA MN IS ACTIVE IN GOVERNMENTAL AFFAIRS INCLUDING DIRECT LOBBYING, HOLDING LEGISLATIVE DAY AT THE STATE CAPITOL AND PARTICIPATION IN STATE AGENCY MEETING TO PROMOTE THE PRACTICE OF PHYSICAL THERAPY.APTA MN HELD A COMMUNITY 5K EVENT TO PROMOTE MEMBER ENGAGEMENT AS WELL AS PROMOTE THE BENEFITS OF PHYSICAL THERAPY TO THE COMMUNITY WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Simone Director | Trustee | 1 | $0 |
Paul Niemuth VP | OfficerTrustee | 1 | $0 |
Peter Rundquist Treasurer | OfficerTrustee | 1 | $0 |
Megan Urick President | OfficerTrustee | 6 | $0 |
Elora Koepcke Director | Trustee | 0.5 | $0 |
Kelly Roberts Lane Secretary | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,799 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,799 |
| Total Program Service Revenue | $57,501 |
| Investment income | $146 |
| 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 | $262,695 |
| 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 | $120,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,923 |
| Payroll taxes | $9,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,357 |
| Advertising and promotion | $4,403 |
| Office expenses | $1,007 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $12,467 |
| Travel | $31,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,991 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $414 |
| Insurance | $4,060 |
| All other expenses | $340 |
| Total functional expenses | $282,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,615 |
| Savings and temporary cash investments | $11,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,997 |
| 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 | $1,080 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $161,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,504 |
| Accounts payable and accrued expenses | $4,978 |
| Grants payable | $0 |
| Deferred revenue | $88,814 |
| 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 | $93,792 |
| Net assets without donor restrictions | $126,712 |
| 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 | $220,504 |