Ism-Twin Cities Inc
- Assets
- $77.1k
- Revenue
- $43.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 01/1960
- Data as of
- 06/2021
- EIN
- 41-6027537
Organization Overview
Ism-Twin Cities Inc is located in Plymouth, MN. The organization was established in 1960. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ism-Twin Cities 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 06/2021, Ism-Twin Cities Inc generated $43.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $72.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 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
TO PROVIDE LEADERSHIP IN SUPPLY MANAGEMENT OFFERING PROFESSIONAL RESOURCES AND DEVELOPMENT OPPORTUNITIES THAT ENCOURAGE AND SUPPORT INDIVIDUAL MEMBERS' PROFESSIONAL LEARNING AND GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES SEMINARS AND CONFERENCES, EDUCATIONAL OPPORTUNITIES, AND OTHER RELATED SERVICES TO ITS MEMBERS. THERE ARE NO SPECIFIC GRANTS RELATED TO SUCH ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Christoffersen Executive Di | Officer | 20 | $41,643 |
Kent Kolstad President | OfficerTrustee | 2 | $0 |
Alan Harrah 1st Vice Pre | OfficerTrustee | 2 | $0 |
Gary Buescher 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Peggy Sowden Past Preside | OfficerTrustee | 2 | $0 |
Jovelyn Larson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,375 |
| Investment income | $473 |
| 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 | $43,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $41,643 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,935 |
| 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 | $1,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21 |
| 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 | $760 |
| All other expenses | $121 |
| Total functional expenses | $72,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,343 |
| Savings and temporary cash investments | $70,810 |
| 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 | $1,985 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,138 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $13,860 |
| 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 | $0 |
| Total liabilities | $13,860 |
| Net assets without donor restrictions | $63,278 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,138 |
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Health Policy Consortium Sioux Falls, SD | $283,852 | $0 |
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South Dakota Electrical Council Sioux Falls, SD | $61,590 | $0 |