Powderhorn Park Neighborhood Association
- Assets
- $163.1k
- Revenue
- $399.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Minneapolis, MN
- Founding
- 01/1982
- Data as of
- 12/2022
- EIN
- 41-1409426
Organization Overview
Powderhorn Park Neighborhood Association is located in Minneapolis, MN. The organization was established in 1982. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Powderhorn Park Neighborhood Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powderhorn Park Neighborhood Association 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 12/2022, Powderhorn Park Neighborhood Association generated $399.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $458.3k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE POWDERHORN PARK NEIGHBORHOOD ASSOCIATION (PPNA) WORKS TO ENHANCE THE QUALITY OF LIFE IN THE POWDERHORD PARK NEIGHBORHOOD BY FACILITING COMMUNITY ENGAGEMENT, EMBRACING A DIVERSITY OF VOICES AND FOSTERING ECONOMIC AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE END OF 2022 MARKED 42 YEARS OF PPNA STRIVING TO SUPPORT THE COMMUNITY IN A MYRIAD OF WAYS TO ANIMATE ITS MISSION A CENTRAL WAY THAT PPNA FOSTERS ECONOMIC DEVELOPMENT IS THROUGH ITS ANNUAL POWDERHORN ART FAIR. IN 2022, THIS ARTS-CENTERED CELEBRATION HIGHLIGHTED 168 ARTISTS WHO COLLECTIVELY EARNED AN ESTIMATED $210,000 IN REVENUE BY PARTICIPATING IN THIS EVENT. ONE WAY THAT PPNA EMBRACES A DIVERSITY OF VOICES IS THROUGH OUR VARIOUS COMMUNICATION CHANNELS. THIS INCLUDES MAINTAINING FOUR DISTINCT WEBSITES THAT COLLECTIVELY ATTRACTED JUST OVER 32,000 UNIQUE VISITORS IN 2022. IN SUPPORT OF FACILITATING COMMUNITY ENGAGEMENT, PPNA BROUGHT TOGETHER AN ESTIMATED 21,500 FOLKS BY HOSTING FOUR ANNUAL EVENTS. OUR WORK TO FOSTER COMMUNITY DEVELOPMENT IS FURTHERED BY ESTABLISHING AND MAINTAINING PARTNERSHIPS WITH A FEW HUNDRED COMMUNITY PARTNERS AND SEVERAL HUNDRED VOLUNTEERS. THIS EQUATED TO AN ESTIMATED 3,650 HOURS OF ENGAGEMENT WITH PARTNERS AND VOLUNTEERS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louie Mccoy Board Chair | OfficerTrustee | 3 | $0 |
Ricky Oudekerk Vice Chair | OfficerTrustee | 3 | $0 |
Rachel Joseph Secretary | OfficerTrustee | 3 | $0 |
Kelly Piatt Treasurer | OfficerTrustee | 3 | $0 |
Kerry Daigs Board Member | Trustee | 2 | $0 |
Ephraim Eusebio Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,495 |
| Total Program Service Revenue | $70,187 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,938 |
| 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. | $64,946 |
| Compensation of current officers, directors, key employees. | $12,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,654 |
| Pension plan accruals and contributions | $6,768 |
| Other employee benefits | $47,048 |
| Payroll taxes | $19,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $426 |
| Advertising and promotion | $13,258 |
| Office expenses | $6,007 |
| Information technology | $1,822 |
| Royalties | $0 |
| Occupancy | $15,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,986 |
| All other expenses | $0 |
| Total functional expenses | $458,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,357 |
| 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 | $0 |
| 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 | $163,126 |
| Accounts payable and accrued expenses | $28,519 |
| Grants payable | $16,029 |
| 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 | $44,548 |
| Net assets without donor restrictions | $94,317 |
| Net assets with donor restrictions | $24,261 |
| 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 | $163,126 |