Central Minnesota Elder Network
- Assets
- $78.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, MN
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 41-1852680
Organization Overview
Central Minnesota Elder Network is located in Alexandria, MN. The organization was established in 1997. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Minnesota Elder Network 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, Central Minnesota Elder Network generated $90.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $75.4k during the year ending 12/2021. While expenses have increased by 5.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR PROGRAMS PROVIDE SUPPORT AND CONNECTION TO SENIORS IN OUR AREA WHICH LESSENS FEELINGS OF LONELINESS AND/OR SOCIAL ISOLATION. DUE TO THE COVID-19 PANDEMIC, SOME OF OUR SERVICES WERE REDUCED OR ALTERED. WE CONTINUED TO ENHANCE T
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Worley Treasurer | 1 | $0 | |
Kelly Smith Director | 1 | $0 | |
Kathy Eastlund Vice President | 1 | $0 | |
Coni Mckay Director | 1 | $0 | |
Joni Neal Director | 1 | $0 | |
Danith Clausen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,990 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,282 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,588 |
| Total Revenue | $90,860 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,928 |
| Professional fees and other payments to independent contractors | $3,190 |
| Occupancy, rent, utilities, and maintenance | $3,480 |
| Printing, publications, postage, and shipping | $1,232 |
| Other expenses | $18,535 |
| Total expenses | $75,365 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,260 |
| Other assets | $0 |
| Total assets | $78,838 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,838 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Minnesota Elder Network has recieved totaling $15,650.
| Awarding Organization | Amount |
|---|---|
United Way Of Douglas & Pope Counties Alexandria, MN PURPOSE: VOLUNTEER BASED SENIOR ASSISTANCE TO PREVENT SENIORS FROM GOING INTO A NURSING HOME PREMATURELY. | $10,000 |
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $5,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Iowa Area Agency On Aging Inc Waterloo, IA | $3,520,816 | $9,481,257 |
Central Minnesota Council Aging Inc Sartell, MN | $1,275,140 | $7,874,791 |
Horizon Health Inc Pierz, MN | $5,933,505 | $9,032,202 |
Interfaith Older Adult Programs Inc Milwaukee, WI | $1,903,489 | $6,806,853 |
Southeastern Minnesota Area Agency On Aging Inc Rochester, MN | $1,516,136 | $6,280,522 |
Aging And Disability Resource Center Of Brown County Inc Green Bay, WI | $5,001,556 | $6,255,599 |
Connections Area Agency On Aging Inc Council Bluffs, IA | -$414,939 | $5,568,873 |
Elderbridge Agency On Aging Mason City, IA | $4,687,674 | $5,849,519 |
Milestones Area Agency On Aging Davenport, IA | $2,561,331 | $6,004,219 |
Aging Resources Of Central Ia Des Moines, IA | $1,507,891 | $5,359,650 |
Senior Citizens Services Inc Sioux Falls, SD | $15,443,650 | $4,706,144 |
Burleigh County Council On Aging Bismarck, ND | $3,007,882 | $3,617,520 |