Inisfail Inc
- Assets
- $7.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 62
- Location
- Faribault, MN
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 41-1430582
Organization Overview
Inisfail Inc is located in Faribault, MN. The organization was established in 1982. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Inisfail Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inisfail 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 12/2021, Inisfail Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 6.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL CARE PROGRAMMING FOR DEVELOPMENTALY DISABLED PERSONS. MINNESOTA LICENSED WAIVER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL CARE AND PROGRAMMING FOR DEVELOPMENTALY DISABLED PERSONS. MINNESOTA LICENSED WAIVER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Kennedy President/director | OfficerTrustee | 12 | $0 |
Jackie Gretz Secretary/treasurer | OfficerTrustee | 17 | $0 |
Alison Halstenson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $311,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,526 |
| Total Program Service Revenue | $2,703,396 |
| Investment income | $20,503 |
| 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 | $3,035,490 |
| 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 | $1,253,302 |
| Pension plan accruals and contributions | $16,165 |
| Other employee benefits | $187,332 |
| Payroll taxes | $98,052 |
| Fees for services: Management | $72,967 |
| Fees for services: Legal | $20,701 |
| Fees for services: Accounting | $29,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,742 |
| Advertising and promotion | $0 |
| Office expenses | $24,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,730 |
| Travel | $5,027 |
| 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 | $71,275 |
| Insurance | $67,954 |
| All other expenses | $21,278 |
| Total functional expenses | $2,353,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,450 |
| Savings and temporary cash investments | $377,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $75,439 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$5,704 |
| Net Land, buildings, and equipment | $3,679,318 |
| Investments—publicly traded securities | $99,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,475,608 |
| Other assets | $0 |
| Total assets | $6,988,914 |
| Accounts payable and accrued expenses | $128,547 |
| Grants payable | $0 |
| 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 | $1,950,464 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,079,011 |
| Net assets without donor restrictions | $0 |
| 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 | $4,909,903 |
| Total liabilities and net assets/fund balances | $6,988,914 |
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