North Loop Neighborhood Association
- Assets
- $118.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 41-2009164
Organization Overview
North Loop Neighborhood Association is located in Minneapolis, MN. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Loop Neighborhood Association 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, North Loop Neighborhood Association generated $53.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $66.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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
THE NORTH LOOP NEIGHBORHOOD ASSOCIATION PROMOTES A CLIMATE OF SAFETY, LIVABILITY, AND IMPROVEMENT THROUGH PUBLIC MEETINGS COMMUNICATIONS & ADVOCACY. ACCOMPLISHMENTS INCLUDE THE NORTH LOOP BLOCK CLUBS AND SAFETY WALKS,SERVICE SATURDAYS, FOOD TRUCK FAIR CANDY GRAB, PLANTING TREES AT JAMES RICE PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Merrifield Board President | 50 | $0 | |
Name Not Listed Vice President/president | 5 | $0 | |
Margaret Lancaster Treasurer | 5 | $0 | |
Cristy Blake Board Member | 5 | $0 | |
Charlie Carlson Board Member | 5 | $0 | |
Kristi Hamilton Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,042 |
| Total Program Service Revenue | $25,848 |
| Membership dues | $0 |
| Investment income | $45 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,807 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,820 |
| Total expenses | $66,627 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,384 |
| Other assets | $0 |
| Total assets | $118,083 |
| Total liabilities | $2,452 |
| Net assets or fund balances | $115,631 |