Meditation Processs Trust
- Assets
- $4.3m
- Revenue
- $275.3k
- Investments
- $4.1m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 41-6286503
Organization Overview
Meditation Processs Trust is located in Minneapolis, MN. The organization was established in 1988. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meditation Processs Trust 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 12/2021, Meditation Processs Trust generated $275.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $333.4k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Bolinger Director | 10 | $42,500 | |
Donelle Polling Trustee | 0 | $0 | |
Helen Welter Trustee | 0 | $0 | |
Paul Taylor Trustee | 0 | $0 | |
Anthony Nelson Coffee Trust Convenor | 0 | $0 | |
Deborah Chernick Investment Committee Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $118,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,434 |
| Capital Gain Net Income | $156,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $619 |
| Printing and publications | $471 |
| Other expenses | $1,794 |
| Total operating and administrative expenses | $82,958 |
| Contributions, gifts, grants paid | $250,449 |
| Total expenses and disbursements | $333,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,265 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,250,928 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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