Mpma Education Foundation Fka Minnesota Precision Manufacturers
- Assets
- $54.2k
- Revenue
- $14.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1998
- Data as of
- 12/2020
- EIN
- 41-1889792
Organization Overview
Mpma Education Foundation Fka Minnesota Precision Manufacturers is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mpma Education Foundation Fka Minnesota Precision Manufacturers 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 12/2020, Mpma Education Foundation Fka Minnesota Precision Manufacturers generated $14.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.6%) each year. All expenses for the organization totaled $54.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mpma Education Foundation Fka Minnesota Precision Manufacturers has awarded 31 individual grants totaling $128,050. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS- THE ORGANIZATION AWARDS SCHOLARSHIPS IN AMOUNTS RANGING FROM $500 - $1,000 TO HELP MOTIVATED STUDENTS WITH AN INTEREST IN MANUFACTURING GET THE TRAINING THEY NEED TO BECOME SUCCESSFUL IN THE FIELD.THE ORGANIZATION CONTRIBUTES TO SCHOLARSHIP FUNDS AT VARIOUS COLLEGES AND UNIVERSITIES.THE ORGANIZATION PARTNERS WITH SKILLS USA, A CAREER & TECHNICAL STUDENT ORGANIZATION AND PROVIDES SCHOLARSHIPS TO COMPETITION WINNERS IN SKILL AND LEADERSHIP CONTESTS.DURING 2017, $24,250 OF SCHOLARSHIPS WERE AWARDED.
EDUCATION FUNDING -THE ORGANIZATION SUPPORTS INSTITUTIONS THAT ARE RESPONSIBLE FOR TRAINING STUDENTS IN THE MANUFACTURING FIELD. THE ORGANIZATION DONATES MONEY TO SCHOOLS TO HELP THEM FINANCE THE PURCHASE OF MUCH-NEEDED NEW EQUIPMENT AND SOFTWARE. PROVIDING THEM WITH THE NECESSARY TOOLS FOR PROPERLY EDUCATING OUR YOUTH ENSURES THAT NEW EMPLOYEES ARE READY AND PREPARED FOR THEIR CAREERS IN MANUFACTURING.DURING 2017, $15,500 WAS DONATED TO THESE INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurent Deconinck President | 1 | $0 | |
Ej Diagle Vice President | 1 | $0 | |
Barb Dorumsgaard Secretary/treasurer | 1 | $0 | |
Heidi Braun Board Member | 1 | $0 | |
Jeff Brenk Board Member | 1 | $0 | |
John Madsen Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,695 |
| Interest on Savings | $132 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $264 |
| Other expenses | $295 |
| Total operating and administrative expenses | $12,184 |
| Contributions, gifts, grants paid | $42,050 |
| Total expenses and disbursements | $54,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,154 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,154 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mpma Education Foundation Fka Minnesota Precision Manufacturers has awarded $42,050 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RYAN NEUMAN PURPOSE: EDUCATION/SCHOLARSHIPS | $2,000 |
CHRISTOPHER ROBASSE PURPOSE: EDUCATION/SCHOLARSHIPS | $2,000 |
MN STATE COLLEGES AND UNIVERSITY PURPOSE: EDUCATION/SCHOLARSHIPS | $32,050 |
KEENAN DAHL PURPOSE: EDUCATION/SCHOLARSHIPS | $2,000 |
MAXWELL STREGE PURPOSE: EDUCATION/SCHOLARSHIPS | $2,000 |
CATIE LONERGAN PURPOSE: EDUCATION/SCHOLARSHIPS | $2,000 |