GMI Employee Club of Minneapolis
- Assets
- $693.3k
- Revenue
- $321.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- Data as of
- 05/2022
- EIN
- 41-6161163
Organization Overview
GMI Employee Club of Minneapolis is located in Golden Valley, MN. GMI Employee Club of Minneapolis is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2022, GMI Employee Club of Minneapolis generated $321.0k 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 (12.1%) each year. All expenses for the organization totaled $292.9k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (13.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GENERAL MILLS EMPLOYEE CLUB IS ORGANIZED AND SHALL BE OPERATED FOR THE EXCLUSIVE PURPOSE OF PROMOTING AND DEVELOPING GOODWILL, FELLOWSHIP AND SOCIAL AND COMMUNITY AWARENESS AMONG ACTIVE AND RETIRED EMPLOYEES, THEIR FAMILIES AND FRIENDS, OF GENERAL MILLS, INC. IN THE TWIN CITIES METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETICS PROGRAMS - THESE LEAGUES AND EVENTS CONTRIBUTE DIRECTLY TO THE PROMOTION OF GOODWILL AND FELLOWSHIP AT GENERAL MILLS AND WITHIN THE COMMUNITY. NUMBER OF PERSONS BENEFITED 534.
SOCIAL ACTIVITIES INCLUDED OUTDOOR ACTIVITIES, SPORTS TICKETS, WELLNESS ACTIVITIES & EDUCATION, AND CULTURAL EXPERIENCES. ALL OF WHICH SUPPORT ALL OF THE INITIATIVES OF THE EMPLOYEE CLUB, INCLUDING COMMUNITY AND SOCIAL AWARENESS, FELLOWSHIP AND GOODWILL. NUMBER OF PERSONS BENEFITED 3,884.
SPECIAL INTEREST CLUBS - THE CLUBS ARE DESIGNED TO PROMOTE A PARTICULAR INTEREST SHARED BY THE CLUB MEMBERS. EACH CLUB OFFERS EXPERIENCES AND KNOWLEDGE TO FELLOW EMPLOYEES WHO WOULD LIKE TO LEARN MORE OR DEVELOP SKILLS IN THAT AREA. EDUCATION, ASSISTANCE AND COMMUNITY ARE THE PRIMARY FOCUS OF THESE GROUPS. NUMBER OF PERSONS BENEFITED 549.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jobeth Ranfranz President-Elect/ Committee Chair | OfficerTrustee | 2 | $0 |
Courtney Leinen President | OfficerTrustee | 1 | $0 |
Mary Swanson Secretary | OfficerTrustee | 1 | $0 |
Dawn Banken Treasurer | OfficerTrustee | 6.5 | $0 |
Monica Ward Specialist, Corporate Services | Officer | 2 | $0 |
Kristen Shodeen Corporate Service Coordinator | Officer | 1 | $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 | $171,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,000 |
| Total Program Service Revenue | $148,965 |
| Investment income | $1,006 |
| 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 | $320,971 |
| 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. | $0 |
| 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 | $21,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,573 |
| Advertising and promotion | $0 |
| Office expenses | $176 |
| Information technology | $5,697 |
| Royalties | $0 |
| Occupancy | $580 |
| Travel | $3,093 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $292,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,568 |
| Savings and temporary cash investments | $296,947 |
| 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 | $78,781 |
| 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 | $693,296 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $42,114 |
| 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 | $42,114 |
| Net assets without donor restrictions | $651,182 |
| 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 | $693,296 |
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