Minnesota Bio-Fuels Association Inc
- Assets
- $787.7k
- Revenue
- $756.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Minneapolis, MN
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 45-2380387
Organization Overview
Minnesota Bio-Fuels Association Inc is located in Minneapolis, MN. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Minnesota Bio-Fuels Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Bio-Fuels Association 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 12/2021, Minnesota Bio-Fuels Association Inc generated $756.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $695.1k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTED THE MINNESOTA RENEWABLE BIOFUELS INDUSTRY WHICH SUPPORTED 14,450+ JOBS, GENERATED $975 MILLION WORTH OF INCOME FOR MINNESOTA HOUSEHOLDS, ACCOUNTED FOR NEARLY $1.5 BILLION IN STATE GROSS DOMESTIC PRODUCT AND CONTRIBUTED $135 MILLION TO TAX ROLLS. COLLABORATED WITH STAKEHOLDERS ON PROJECTS TO SUPPORT EDUCATIONAL, RESEARCH AND OUTREACH INITIATIVES AIMED AT FURTHER BOOSTING THE ECONOMY, PROVIDING RENEWABLE BIOFUEL CHOICES FOR CONSUMERS, INCREASING ENERGY SECURITY AND REDUCING GREENHOUSE GAS EMISSIONS IN THE TRANSPORTATION SECTOR. MADE AND PRESENTED CASE FOR RENEWABLE BIOFUELS TO LAWMAKERS AND STATE AND FEDERAL AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRACTED WITH SUBJECT MATTER EXPERTS TO RESEARCH BARRIERS TO AND OPPORTUNITIES FOR BIOFUELS TO GAIN ACCESS TO THE MINNESOTA MARKETPLACE VIA TECHNICAL ANALYSES AND FACETS OF A COMPREHENSIVE BIOFUEL DISTRIBUTION NETWORK. SUPPORTED THREE STAFF POSITIONS WHICH DEVELOPED, REVISED AND IMPLEMENTED PROJECTS TO FURTHER ADVANCE THE ORGANIZATIONAL MISSION INCLUDING VIA FOUR SOCIAL MEDIA PLATFORMS, RADIO STATION CAMPAIGNS, 3.51 MILLION AD IMPRESSIONS FOR STATIONS, AND THREE MAJOR PROJECTS DESIGNED TO BOLSTER THE STATUTORY FRAMEWORK FOR RENEWABLE BIOFUELS SO AS TO BOOST THE LOCAL ECONOMY, ENHANCE ENERGY SECURITY AND REDUCE GREENHOUSE GAS EMISSIONS IN THE TRANSPORTATION SECTOR.
ACTUALIZED PROJECTS DURING THE POST COVID-19 PANDEMIC INCLUDING THOSE AIMED AT FURTHER BOLSTERING THE EFFECTIVENESS OF PUBLIC PRIVATE INVESTMENTS IN BIOFUEL STORAGE AND DISPENSING INFRASTRUCTURE. CREATED AND REVISED INFORMATIONAL AND TRAINING MATERIAL AND PROVIDED TRAINING FOR SOME OF THE 21 BRANDS AND 430 + RETAIL FUELING STATIONS OFFERING THE LOWER CARBON BIOFUELS THEREBY ADVANCING THE ORGANIZATIONAL MISSION AND HELPING TO FULFILL THE AIMS OF VARIOUS STATE AND FEDERAL ENERGY AND ENVIRONMENTAL LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Rudnicki Executive Director | 55 | $0 | |
Brian Kletscher Board President | OfficerTrustee | 2.5 | $0 |
Jeff Oestmann Vice President | OfficerTrustee | 2.5 | $0 |
Chad Friese Secretary/treas | OfficerTrustee | 2.5 | $0 |
Greg Webb Director | Trustee | 2 | $0 |
Mccord Pankonen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $756,732 |
| 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 | $756,732 |
| Total Program Service Revenue | $0 |
| Investment income | $60 |
| 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 | $756,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $899 |
| 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. | $210,580 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,603 |
| Pension plan accruals and contributions | $113 |
| Other employee benefits | $34,842 |
| Payroll taxes | $20,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $70,960 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,330 |
| Advertising and promotion | $0 |
| Office expenses | $633 |
| Information technology | $4,164 |
| Royalties | $0 |
| Occupancy | $33,091 |
| Travel | $934 |
| 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 | $2,019 |
| Insurance | $2,569 |
| All other expenses | $17,209 |
| Total functional expenses | $695,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,481 |
| Savings and temporary cash investments | $600,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $787,742 |
| Accounts payable and accrued expenses | $995 |
| 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 | $88,525 |
| Total liabilities | $89,520 |
| Net assets without donor restrictions | $698,222 |
| 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 | $787,742 |
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