Metropolitan Consortium Of Community Developers
- Assets
- $14.6m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Minneapolis, MN
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 41-1658654
Organization Overview
Metropolitan Consortium Of Community Developers is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Metropolitan Consortium Of Community Developers employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Consortium Of Community Developers 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, Metropolitan Consortium Of Community Developers generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $13.0m during the year ending 12/2021. While expenses have increased by 37.6% 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.
Since 2020, Metropolitan Consortium Of Community Developers has awarded 1,654 individual grants totaling $20,850,761. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORK TO BUILD STRONG COMMUNITIES BY LEVERAGING RESOURCES FOR THE DEVELOPMENT OF PEOPLE AND PLACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS SUPPORT - SEE SCHEDULE O
MEMBER SERVICES AND ADVOCACY - SEE SCHEDULE O
LOAN PROGRAM - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Gaarder CEO | Officer | 40 | $145,946 |
Trish Deanda Director Of Finance & Oper | Officer | 40 | $135,908 |
Warren Mclean Secretary | OfficerTrustee | 0.5 | $0 |
Nasibu Sareva Vice Chair | OfficerTrustee | 0.5 | $0 |
Jim Erchul Treasurer | OfficerTrustee | 0.5 | $0 |
Laura Zabel Board Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,416,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,109,430 |
| Total Program Service Revenue | $1,632,003 |
| Investment income | $1,306 |
| 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 | $14,747,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,208,517 |
| Grants and other assistance to domestic individuals. | $2,253,646 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $303,409 |
| Compensation of current officers, directors, key employees. | $157,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $967,153 |
| Pension plan accruals and contributions | $38,504 |
| Other employee benefits | $138,473 |
| Payroll taxes | $96,660 |
| Fees for services: Management | $4,980 |
| Fees for services: Legal | $3,095 |
| Fees for services: Accounting | $46,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,375 |
| Advertising and promotion | $9,838 |
| Office expenses | $96,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,224 |
| Travel | $1,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,251 |
| Interest | $126,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,612 |
| Insurance | $20,576 |
| All other expenses | $0 |
| Total functional expenses | $13,028,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,297,104 |
| Savings and temporary cash investments | $670,267 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $510,246 |
| 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 | $0 |
| Net Land, buildings, and equipment | $271,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,666,483 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,565,346 |
| Accounts payable and accrued expenses | $412,647 |
| Grants payable | $38,500 |
| Deferred revenue | $975,315 |
| 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 | $8,286,279 |
| Other liabilities | $0 |
| Total liabilities | $9,712,741 |
| Net assets without donor restrictions | $4,618,676 |
| Net assets with donor restrictions | $233,929 |
| 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 | $14,565,346 |
Grants Awarded
Over the last fiscal year, Metropolitan Consortium Of Community Developers has awarded $8,972,061 in support to 684 organizations.
| Grant Recipient | Amount |
|---|---|
POMPADORZ INC PURPOSE: COVID RELIEF GRANT | $15,000 |
MX ENTERPRISES INC PURPOSE: COVID RELIEF GRANT | $15,000 |
LAKE MONSTER BREWING CO PURPOSE: COVID RELIEF GRANT | $15,000 |
2MA INC PURPOSE: COVID RELIEF GRANT | $15,000 |
7TH STREET WEST INC PURPOSE: COVID RELIEF GRANT | $15,000 |
FAIR STATE BREWING COOPERATIVE PURPOSE: COVID RELIEF GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Metropolitan Consortium Of Community Developers has recieved totaling $1,057,500.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT, AND FOR CAPACITY BUILDING FOR COMMUNITY WEALTH WORK | $175,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT, AND FOR CAPACITY BUILDING FOR COMMUNITY WEALTH WORK | $175,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT, AND FOR CAPACITY BUILDING FOR COMMUNITY WEALTH WORK | $150,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT, AND FOR CAPACITY BUILDING FOR COMMUNITY WEALTH WORK | $150,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: COMMUNITY & ECONOMIC DEVELOPMENT | $75,000 |
Minnesota Council On Foundations Minneapolis, MN PURPOSE: Integrated Capital Recovery Project | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN | $14,565,346 | $14,747,823 |
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |
Women In Progress Inc Minneapolis, MN | $458,547 | $441,350 |
Iowa Community Capital Boone, IA | $2,471,585 | $1,776,388 |