Minnesota Ground Water Association
- Assets
- $112.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 41-1434403
Organization Overview
Minnesota Ground Water Association is located in White Bear Lake, MN. The organization was established in 1983. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Ground Water Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Minnesota Ground Water Association generated $48.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $35.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Runkel President | 3 | $0 | |
Jere Mohr President-Elect | 2 | $0 | |
Sharon Kroening Editor | 2 | $0 | |
Julia Steenberg Past-President | 1 | $0 | |
Michael Ginsbach Secretary | 1 | $0 | |
Vanessa Baratta Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,965 |
| Membership dues | $19,810 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,786 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $38 |
| Other expenses | $3,129 |
| Total expenses | $35,467 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,205 |
| Other assets | $0 |
| Total assets | $112,021 |
| Total liabilities | $10,505 |
| Net assets or fund balances | $101,516 |
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