Minnesota Valley Electric Trust
- Assets
- $31.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jordan, MN
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 41-1821090
Organization Overview
Minnesota Valley Electric Trust is located in Jordan, MN. The organization was established in 1996. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Valley Electric Trust 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, Minnesota Valley Electric Trust generated $151.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $177.2k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DISBURSE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES.DONATED ADMIN SERVICES RECEIVED: $1,922
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Miller President & Director | 1 | $400 | |
Dwayne Glenn Vice President & Director | 1 | $300 | |
Connie Meeker Sec./treas. & Director | 1 | $400 | |
Mary Krentz Director | 1 | $300 | |
Carol Ragan Director | 1 | $200 | |
Richard Peterson Director | 1 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,608 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $114 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,722 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,100 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30 |
| Total expenses | $177,166 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,446 |
| Other assets | $0 |
| Total assets | $31,446 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,446 |