Powderhorn Park Neighborhood Association
- Assets
- $106.7k
- Revenue
- $354.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Minneapolis, MN
- Founding
- 01/1982
- Data as of
- 12/2020
- 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 12/2020, Powderhorn Park Neighborhood Association employed 4 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 12/2020, Powderhorn Park Neighborhood Association generated $354.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $304.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN THE POWDERHORN PARK NEIGHBORHOOD BY FACILITATING COMMUNITY ENGAGEMENT, EMBRACING A DIVERSITY OF VOICES, AND FOSTERING ECONOMIC AND COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PPNA IS A 40-YEAR-OLD COMMUNITY CENTERED ORGANIZATION THAT USES A VARIETY OF EVENTS, PROGRAMS, AND ADVOCACY RELATED INITIATIVES TO ADVANCE ITS MISSION. DURING 2020, WITH A RANGE OF CONCURRENT CHALLENGES AFFECTING THE COMMUNITY FROM THE COVID-19 PANDEMIC AND THE MURDER OF GEORGE FLOYD, THE ASSOCIATION WAS ABLE TO MAINTAIN KEY COALITION PARTNERSHIPS WITH SIX DISTINCT GROUPS, HOST 8 KEY COMMUNITY EVENTS, AND ADMINISTER A RENTER SUPPORT FUND THAT DISTRIBUTED $49,500 IN DIRECT AID TO 55 INDIVIDUALS. ADDITIONALLY, THE ASSOCIATION WAS ABLE TO SUCCESSFULLY TRANSITION IT'S 30-YEAR-OLD ART FAIR TO AN ONLINE PLATFORM BECAUSE OF THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabitha Montgomery Executive Director | Officer | 40 | $61,425 |
Mawerdi Hamid Vice Chair | OfficerTrustee | 3 | $0 |
Louie Mccoy Secretary | OfficerTrustee | 3 | $0 |
Kelly Piatt Treasurer | OfficerTrustee | 3 | $0 |
Kevin Ely Board Chair | OfficerTrustee | 3 | $0 |
Megan Hernick Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,695 |
| Total Program Service Revenue | $31,168 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,988 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,879 |
| 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. | $61,425 |
| Compensation of current officers, directors, key employees. | $12,285 |
| Compensation to disqualified persons | $91,454 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,877 |
| Payroll taxes | $15,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,567 |
| Office expenses | $656 |
| Information technology | $1,017 |
| Royalties | $0 |
| Occupancy | $14,001 |
| 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 | $4,581 |
| All other expenses | $0 |
| Total functional expenses | $304,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,974 |
| 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 | $106,726 |
| Accounts payable and accrued expenses | $2,099 |
| Grants payable | $0 |
| Deferred revenue | $10,480 |
| 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 | $33,400 |
| Other liabilities | $0 |
| Total liabilities | $45,979 |
| Net assets without donor restrictions | $60,747 |
| 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 | $106,726 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Powderhorn Park Neighborhood Association has recieved totaling $329,590.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: TO AID THE CAPACITY AND INFRASTRUCTURE SURROUNDING THE REACH TWIN CITIES INITIATIVE | $100,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO AID THE CAPACITY AND INFRASTRUCTURE SURROUNDING THE REACH TWIN CITIES INITIATIVE | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $60,558 |
John & Denise Graves Foundation Minneapolis, MN PURPOSE: COVID-19 RESPONSE | $44,000 |
John & Denise Graves Foundation Minneapolis, MN PURPOSE: COVID-19 RESPONSE | $20,000 |
John & Denise Graves Foundation Minneapolis, MN PURPOSE: COMMUNITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood House St Paul, MN | $15,235,722 | $7,956,172 |
Parmly Lakeview Inc Shoreview, MN | $746,571 | $623,901 |
Aurora-St Anthony Neighborhood Development Corporation Saint Paul, MN | $4,097,385 | $418,788 |
Sherman Park Community Association Inc Milwaukee, WI | $131,584 | $320,232 |
Kennedy Heights Neighborhood Association Inc Madison, WI | $307,972 | $387,589 |
Community Associations Institute Edina, MN | $720,037 | $447,152 |
Powderhorn Park Neighborhood Association Minneapolis, MN | $106,726 | $354,879 |
Webber-Camden Neighborhood Organization Minneapolis, MN | $74,313 | $0 |
Harrison Neighborhood Association Minneapolis, MN | $175,002 | $307,528 |
Atlas Of West Central Minnesota Willmar, MN | $191,627 | $0 |
Rice Lake Main Street Association Inc Rice Lake, WI | $37,607 | $126,134 |
Kingfield Neighborhood Association Minneapolis, MN | $343,218 | $205,407 |