Meditation Processs Trust
- Assets
- $4.2m
- Revenue
- $277.6k
- Investments
- $4.1m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1988
- Data as of
- 12/2022
- 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 12/2022, Meditation Processs Trust generated $277.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $351.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 years. 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 |
|---|---|---|---|
Donelle Polling Trustee | 0 | $0 | |
Helen Welter Trustee Resigned 10/1/22 | 0 | $0 | |
Martha Bolinger Director | 10 | $41,565 | |
Paul Taylor Trustee | 0 | $0 | |
Deborah Chernick Investment Committee Chair | 0 | $0 | |
Michael Lilja Trust Chair/inv Comm Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,011 |
| Dividends & Interest | $111,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,243 |
| Capital Gain Net Income | $164,243 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $277,572 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,565 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,663 |
| Printing and publications | $456 |
| Other expenses | $1,665 |
| Total operating and administrative expenses | $77,993 |
| Contributions, gifts, grants paid | $273,283 |
| Total expenses and disbursements | $351,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,263 |
| 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 | $4,177,224 |
| 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 |