Police Officers Federation Of Minneapolis
- Assets
- $1.9m
- Revenue
- $518.9k
- Investments
- $456.0k
- Employees
- 13
- Location
- Minneapolis, MN
- Founding
- 06/1966
- Data as of
- 12/2022
- EIN
- 41-6050243
Organization Overview
Police Officers Federation Of Minneapolis is located in Minneapolis, MN. The organization was established in 1966. According to its NTEE Classification (I60) the organization is classified as: Law Enforcement, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Police Officers Federation Of Minneapolis employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Police Officers Federation Of Minneapolis is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Police Officers Federation Of Minneapolis generated $518.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $948.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE WORKING CONDITIONS AND PROTECT THE RIGHTS OF MEMBER POLICE OFFICERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE WORKING CONDITIONS FOR POLICE OFFICERS IN MINNEAPOLIS, MINNESOTA. THE FEDERATION IS THE SOLE BARGAINING AGENT TO APPROXIMATELY 900 POLICE OFFICERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Ewald Kokx Office Manager/admin Asst | OfficerTrustee | 40 | $84,866 |
Sherral Miller-Schmidt President | OfficerTrustee | 40 | $37,281 |
Anna Hedberg Vice President | OfficerTrustee | 10 | $18,640 |
Richard Walker Treasurer | OfficerTrustee | 5 | $18,640 |
Stephen Sporny Secretary | OfficerTrustee | 5 | $11,081 |
Adam Swierczek Park Police Representative | Trustee | 5 | $8,699 |
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 | $772,156 |
| Investment income | $70,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$324,870 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,188 |
| 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. | $221,215 |
| 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 | $49,947 |
| Payroll taxes | $17,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $419,175 |
| Fees for services: Accounting | $18,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,277 |
| Fees for services: Other | $23,322 |
| Advertising and promotion | $9,882 |
| Office expenses | $11,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,589 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,758 |
| Insurance | $10,545 |
| All other expenses | $0 |
| Total functional expenses | $948,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,535 |
| Savings and temporary cash investments | $13,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,769 |
| Prepaid expenses and deferred charges | $9,249 |
| Net Land, buildings, and equipment | $46,552 |
| Investments—publicly traded securities | $1,317,925 |
| Investments—other securities | $455,969 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,940,126 |
| Accounts payable and accrued expenses | $34,623 |
| 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 | $0 |
| Total liabilities | $34,623 |
| Net assets without donor restrictions | $1,905,503 |
| 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 | $1,940,126 |