Minnesota Association For Financial Professionals
- Assets
- $187.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Isanti, MN
- Founding
- 03/1984
- Data as of
- 06/2022
- EIN
- 41-1463032
Organization Overview
Minnesota Association For Financial Professionals is located in Isanti, MN. The organization was established in 1984. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Association For Financial Professionals 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 06/2022, Minnesota Association For Financial Professionals generated $130.4k 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 (7.0%) each year. All expenses for the organization totaled $141.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING OUR FISCAL YEAR, MNAFP HOSTED NINE EDUCATIONAL EVENTS FOR MEMEBERS AND NON-MEMBERS. THERE WERE 499 INDIVIDUALS THAT TOOK ADVANTAGE OF THIS EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Imran Qureshi Vice Treasurer | 0 | $0 | |
Shaundra Lex Imm Past Pres | 0 | $0 | |
Chris Moore Vice President | 0 | $0 | |
Peter Loosbrock Treasurer | 0 | $0 | |
Cheryl Hoikka Secretary | 0 | $0 | |
Mary Utecht President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,032 |
| Total Program Service Revenue | $111,175 |
| Membership dues | $0 |
| Investment income | $189 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $130,396 |
| 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 | $583 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $140,901 |
| Total expenses | $141,484 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $187,270 |
| Other assets | $0 |
| Total assets | $187,270 |
| Total liabilities | $0 |
| Net assets or fund balances | $187,270 |
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