Marcy-Holmes Neighborhood Association
- Assets
- $183.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 41-1615722
Organization Overview
Marcy-Holmes Neighborhood Association is located in Minneapolis, MN. The organization was established in 1995. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Marcy-Holmes 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 12/2023, Marcy-Holmes Neighborhood Association generated $177.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $101.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
MHNA EXPANDED ITS E-NEWSLETTER AND SOCIAL MEDIA BASE, SUBSCRIBER RATE FOR ITS MONTHLY NEWSLETTER INCREASED BY 23%.OUR COMBINED FACEBOOK, TWITTER, INSTAGRAM, NEXTDOOR AND BLUESKY FOLLOWERS IS OVER 3300. ATTENDANCE AT REGULAR MONTHLY AND QUARTERLYMEETINGS HAVE INCREASED SINCE 2022, PARTICULARLY BASED ON OUR CONTINUED USE OF VIDEO CONFERENCE SOFTWARE, ALLOWING REMOTE PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vic Thorstenson President | 4 | $0 | |
Name Not Listed Secretary | 4 | $0 | |
Kim Hansen Vice President | 4 | $0 | |
Martha Ballard Treasurer | 4 | $0 | |
Brian Tang Board Member | 4 | $0 | |
Derek Eicholz Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,949 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $177,949 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,109 |
| Professional fees and other payments to independent contractors | $14,826 |
| Occupancy, rent, utilities, and maintenance | $4,446 |
| Printing, publications, postage, and shipping | $3,796 |
| Other expenses | $19,482 |
| Total expenses | $101,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,229 |
| Other assets | $0 |
| Total assets | $183,487 |
| Total liabilities | $11,183 |
| Net assets or fund balances | $172,304 |