Northwest Shoe Travelers Inc
- Assets
- $72.4k
- Revenue
- $51.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Lake Elmo, MN
- Founding
- 08/1950
- Data as of
- 04/2021
- EIN
- 41-6023866
Organization Overview
Northwest Shoe Travelers Inc is located in Lake Elmo, MN. The organization was established in 1950. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Northwest Shoe Travelers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2021, Northwest Shoe Travelers Inc generated $51.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $91.4k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTHWEST SHOE TRAVELERS INC. ORGANIZES SHOE TRADE MARKETS FOR ITS MEMBERS 3 TIMES EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF NORTHWEST SHOE TRAVELERS IS TO FOSTER THE INTERESTS OF ITS MEMBERS, TO ASCERTAIN, PROTECT AND DEFEND ITS MEMBER'S RIGHTS IN THE PURSUIT OF THEIR COMMON OCCUPATION: TO BRING ALL SHOE SALESMEN INTO A CLOSER RELATIONSHIP; TO COOPERATE WITH KINDRED ASSOCIATIONS IN PROMOTING THE WELFARE OF ALL COMMERCIAL TRAVELERS; TO PROMOTE THE GOODWILL OF RETAIL SHOE MERCHANTS WITH THE MEMBERS OF THIS CORPORATION AND MANUFACTURERS, WHOLESALERS AND SHOE IMPORTERS AND ANY AND ALL OTHER LAWFUL PURPOSES NOT INCONSISTENT WITH CHAPTER 317, MINNESOTA STATUTES 1971, AS AMENDED. TO ACCOMPLISH THE ABOVE PURPOSES, THE NORTHWEST SHOE TRAVELERS, INC., ORGANIZES SHOE TRADE MARKETS FOR ITS MEMBERS TWO TIMES EACH YEAR. ONLY ONE WAS HELD DURING THIS TIME FRAME DUE TO THE COVID GLOBAL PANDEMIC. OUR AUGUST 2020 MARKET WAS CANCELLED. THE ONE SHOW DURING THIS TIME FRAME WAS HELD ON JANUARY 22-24, 2021. THE TRADE MARKET WAS HELD AT THE ST. PAUL RIVERCENTRE, ST. PAUL, MINNESOTA AND APPROXIMATELY 70 EXHIBITORS AND 80 RETAIL STORES ATTENDED THIS MARKET. THESE ATTENDEES WERE FROM THE MIDWEST STATES OF MINNESOTA, WISCONSIN, NORTH AND SOUTH DAKOTA, AND IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Tompkins Executive Di | Officer | 20 | $30,000 |
Joe Denne Secretary/tr | OfficerTrustee | 2 | $0 |
Kate Hoffman 1st Vice Pre | OfficerTrustee | 1 | $0 |
Charlotte Jensen 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Bill Monahan President | OfficerTrustee | 1 | $0 |
Craig Bender Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Investment income | $395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $759 |
| All other expenses | $0 |
| Total functional expenses | $91,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,776 |
| Savings and temporary cash investments | $58,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,430 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $488 |
| Total liabilities | $488 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $71,942 |
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