Minnesota Quilters Inc
- Assets
- $261.9k
- Revenue
- $245.2k
- Investments
- $0.0
- Employees
- 3
- Location
- St Paul, MN
- Founding
- 01/2003
- Data as of
- 09/2021
- EIN
- 41-1335108
Organization Overview
Minnesota Quilters Inc is located in St Paul, MN. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Minnesota Quilters Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Quilters Inc 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 09/2021, Minnesota Quilters Inc generated $245.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $242.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE PRESERVATION OF QUILTING, TO EDUCATE, AND TO DOCUMENT THE CRAFT OF QUILTING IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUILT SHOW - THIS ANNUAL SHOW, HELD VIRTUALLY IN 2021, DRAWS ATTENTION FROM QUILT ENTHUSIASTS ACROSS THE COUNTRY. THE SHOW IS OPEN TO BOTH MEMBERS AND NONMEMBERS. INDIVIDUALS CAN REGISTER FOR LECTURES AND WORKSHOPS, VIEW AND PARTICIPATE IN JUDGED AND NON-JUDGED QUILT EXHIBITS, AND ENJOY SPECIAL EXHIBITS FROM AROUND THE COUNTRY, AS WELL AS AN ONLINE MERCHANDISE MALL.
EDUCATIONAL PROGRAM ACTIVITIES - ACTIVITIES INCLUDE WORKSHOPS, DEMONSTRATIONS AND LECTURES TO MEMBERS AND NON MEMBERS THAT COMPLIMENT MEMBERSTHIP MEETINGS AS WELL AS STAND ALONE EVENTS. IN ADDITION RETREATS AN OTHER ACTIVITIES OCCUR LIKE QUILTING FOR OTHERS. MOST WERE HELD VIRTUALLY IN 2021.
MEMBERSHIP SERVICES - TWO MEETINGS PER MONTH ARE HELD OVER ZOOM OR IN PERSON, WHICH ARE OPEN TO MEMBERS AND GUESTS AND INCLUDE DEMONSTRATIONS AND LECTURES, PROGRAMS/WORKSHOPS, ANNOUNCEMENTS, AND "SHOW AND TELL." LECTURE SERIES SPECIAL LECTURES AND PROGRAMS/WORKSHOPS ARE INCORPORATED QUARTERLY INTO REGULAR MONTHLY MEETINGS AND FEATURE NATIONAL OR INTERNATIONAL QUILTERS OR SPEAKERS ABOUT QUILTING.MINNESOTA QUILT PROJECT - IDENTIFY AND DOCUMENT QUILTS, BOTH PRIVATELY AND PUBLICLY HELD, THAT HAVE A MINNESOTA CONNECTION. THE GOALS OF MQP ARE TO PRESERVE IMAGES AND INFORMATION THAT MQP HAS COLLECTED, TO MAKE THE COLLECTION INFORMATION AVAILABLE TO INTERESTED PARTIES, AND TO ARRANGE FOR PUBLICATION AND DISPLAY OF QUILTS THAT HAVE BEEN DOCUMENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Tague President | OfficerTrustee | 10 | $0 |
Michelle Peine Treasurer | OfficerTrustee | 7 | $0 |
Charr Wenger Past President | OfficerTrustee | 3 | $0 |
Wynn Martin President Elect | OfficerTrustee | 4 | $0 |
Colleen Backus Secretary | OfficerTrustee | 2 | $0 |
Laura Nagel Education Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,299 |
| Noncash contributions included in lines 1a–1f | $27,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,060 |
| Total Program Service Revenue | $110,833 |
| Investment income | $1,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$97 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$357 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,835 |
| Grants and other assistance to domestic individuals. | $17,321 |
| 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 | $61,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,905 |
| Fees for services: Other | $3,177 |
| Advertising and promotion | $1,020 |
| Office expenses | $30,711 |
| Information technology | $34,401 |
| Royalties | $0 |
| Occupancy | $17,285 |
| Travel | $883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,919 |
| Insurance | $3,180 |
| All other expenses | $0 |
| Total functional expenses | $242,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,427 |
| Savings and temporary cash investments | $30,445 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21 |
| 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 | $25,096 |
| Net Land, buildings, and equipment | $7,234 |
| Investments—publicly traded securities | $182,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $261,881 |
| Accounts payable and accrued expenses | $3,575 |
| Grants payable | $0 |
| Deferred revenue | $13,565 |
| 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 | $17,140 |
| Net assets without donor restrictions | $244,041 |
| Net assets with donor restrictions | $700 |
| 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 | $261,881 |
Grants Awarded
Over the last fiscal year, Minnesota Quilters Inc has awarded $12,760 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HENNEPIN HEALTH FOUNDATION | | | $7,200 |
Minneapolis, MN | | $5,560 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Quilters Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Land O L Foundation St Paul, MN PURPOSE: DOLLARS FOR DOERS | $500 |
Land O L Foundation St Paul, MN PURPOSE: DOLLARS FOR DOERS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlachen Country Club Edina, MN | $38,666,862 | $19,906,229 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
Minneapolis Club Inc Minneapolis, MN | $13,677,806 | $3,594,595 |
Spring Hill Golf Club Wayzata, MN | $14,177,799 | $4,336,296 |
Chenequa Country Club Inc Hartland, WI | $8,162,285 | $3,577,706 |
Tuckaway Country Club Inc Franklin, WI | $8,452,752 | $4,849,926 |
Lake Geneva Country Club Fontana, WI | $6,852,229 | $4,168,458 |
West Bend Country Club West Bend, WI | $5,974,564 | $4,364,708 |