Central Minnesota Elder Network
- Assets
- $54.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, MN
- Founding
- 03/1997
- Data as of
- 12/2023
- 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 12/2023, Central Minnesota Elder Network generated $91.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $116.4k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 8 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
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 |
|---|---|---|---|
Kelly President | 1.25 | $0 | |
Jeffrey Secretary | 1.25 | $0 | |
Pamela Secretary | 1.25 | $5,305 | |
Danith Director | 1.25 | $0 | |
Randall Director | 1.25 | $0 | |
John Director | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,411 |
| Total Program Service Revenue | $6,960 |
| Membership dues | $0 |
| Investment income | $2,189 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,560 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,791 |
| Professional fees and other payments to independent contractors | $5,636 |
| Occupancy, rent, utilities, and maintenance | $3,690 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,331 |
| Total expenses | $116,448 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,960 |
| Other assets | $0 |
| Total assets | $54,257 |
| Total liabilities | $1,536 |
| Net assets or fund balances | $52,721 |