Rethos
- Assets
- $2.3m
- Revenue
- $834.7k
- Investments
- $0.0
- Employees
- 15
- Location
- St Paul, MN
- Founding
- 07/1982
- Data as of
- 12/2022
- EIN
- 41-1427970
Organization Overview
Rethos is located in St Paul, MN. The organization was established in 1982. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Rethos employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rethos 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, Rethos generated $834.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 11.1% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD AND INSPIRE PEOPLE TO CONNECT WITH HISTORIC PLACES, PROMOTING COMMUNITY VITALITY
Describe the Organization's Program Activity:
RETHOS F/K/A PRESERVATION ALLIANCE OF MINNESOTA PROMOTES THE USE OF THE MAIN STREET APPROACH AS A TOOL FOR DOWNTOWN REVITALIZATION, BUILDING REUSE, NEW BUSINESS DEVELOPMENT, ENTREPRENEURIAL SUPPORT, AND COMMUNITY VIBRANCY. CURRENTLY THERE ARE 12 DESIGNATED MAIN STREET COMMUNITIES AND 9 NETWORK COMMUNITIES. IN ADDITION TO MAIN STREET, RETHOS COMMUNITY PROGRAMS SUPPORTS THE ARTISTS ON MAIN STREET PROGRAM, 3 COHORTS OF 11 COMMUNITIES OVER FOUR YEARS TO FOSTER ALTERNATIVE ECONOMIC DEVELOPMENT AND ARTISTIC APPROACHES IN DOWNTOWNS. RETHOS ALSO ENCOURAGES COMMUNITY ENGAGEMENT AND SUPPORTS COMMUNITIES THROUGH DOWNTOWN ASSESSMENTS FOR DISTRICT TRANSFORMATION.
WE PARTNERED ON 1 NEW REAL ESTATE PROJECT IN MINNESOTA. WE'VE HELPED INSTALL ARTWORK IN COMMON AREAS, INTERPRET HISTORICAL INFORMATION FOR THE PUBLIC, AND INVESTED IN THE DEVELOPMENT OF THE BUILDINGS BY LEVERAGING THE STATE HISTORIC TAX CREDITS. WE CONTRIBUTE TO THE PRESERVATION OF HISTORIC STRUCTURES BY HOLDING VARIOUS CONSERVATION EASEMENTS.
IN 2022, THE EDUCATION PROGRAM REACHED 847 STUDENTS FROM OVER 60 UNIQUE COUNTIES. PEOPLE LEARNED HOW TO RESTORE WOOD WINDOWS, REPAIR PLASTER, DRAFT A MAINTENANCE PLAN, AND FIND RESOURCES FOR REHABBING OLD HOMES, AMONG OTHER TOPICS. ADDITIONALLY, REALTORS WERE EDUCATED THROUGH OLD HOME CERTIFIED, A REALTOR CERTIFICATION COURSE. AS OF THE END OF 2022, RETHOS HAS 123 AGENTS WITH AN ACTIVE CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Knight Member | Trustee | 2 | $0 |
Chris Sherman President | OfficerTrustee | 5 | $0 |
Kristen Anderson Vice President | OfficerTrustee | 5 | $0 |
Ryan Sailer Director | Trustee | 2 | $0 |
Jane Bisel Secretary | OfficerTrustee | 3 | $0 |
Nick Place Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,155 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,609 |
| Total Program Service Revenue | $569,872 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,763 |
| Net Gain/Loss on Asset Sales | -$188,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,735 |
| 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. | $127,846 |
| Compensation of current officers, directors, key employees. | $35,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $564,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,691 |
| Payroll taxes | $60,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,372 |
| Fees for services: Accounting | $32,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,495 |
| Advertising and promotion | $214,325 |
| Office expenses | $126,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,924 |
| Travel | $28,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,435 |
| Insurance | $8,492 |
| All other expenses | $8,475 |
| Total functional expenses | $1,424,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,570 |
| 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 | $2,748 |
| Net Land, buildings, and equipment | $26,177 |
| Investments—publicly traded securities | $1,741,719 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,776 |
| Total assets | $2,336,996 |
| Accounts payable and accrued expenses | $108,782 |
| Grants payable | $0 |
| Deferred revenue | $82,844 |
| 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 | $347,073 |
| Total liabilities | $538,699 |
| Net assets without donor restrictions | $1,532,415 |
| Net assets with donor restrictions | $265,882 |
| 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 | $2,336,996 |