Minnesota Milk Bank For Babies
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Roseville, MN
- Founding
- 02/2013
- Data as of
- 12/2023
- EIN
- 46-0845657
Organization Overview
Minnesota Milk Bank For Babies is located in Roseville, MN. The organization was established in 2013. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Minnesota Milk Bank For Babies employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Milk Bank For Babies 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 12/2023, Minnesota Milk Bank For Babies generated $1.5m in total revenue. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 138.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE INFANT HEALTH OUTCOMES BY ENSURING THAT MEDICALLY VULNERABLE BABIES IN MN AND THE UPPER MIDWEST HAVE ACCESS TO SAFELY PASTEURIZED LIFE- GIVING HUMAN DONOR MILK WHEN MOTHER'S MILK IS UNAVAILABLE OR IN LOW SUPPLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA MILK BANK FOR BABIES COLLECTS EXTRA DONOR HUMAN MILK (DHM) FOR FAMILIES IN NEED. THE ORGANIZATION WHICH MAINTAINS ACCREDITATION AND LICENSING STANDARDS AS A FOOD MANUFACTURER, DISTRIBUTED MORE THAN 61,580 BOTTLES OF MILK, TOTALING MORE THAN 236,000 OUNCES TO HOSPITALS AND OUTPATIENT FAMILIES IN 2023. MMBB SERVES MORE THAN 33 HOSPITAL UNITS AND HAS 9 OUTPATIENT DISTRIBUTION SITES IN MINNESOTA. A THIRD BRIDGE BAG PROGRAM WAS ADDED IN A COUNTY PUBLIC HEALTH FAMILY HOME VISITING PROGRAM AND DISPENSES UP TO 10 BOTTLES OF DHM AT NO COST TO FAMILIES ON WIC OR MEDICAL ASSISTANCE MEMBERS. TO ADDRESS GROWTH AND THE END OF ITS NON- RENEWABLE LEASE, PLANS TO MOVE THE FACILITY TO A NEW LOCATION IN SPRING OF 2024 ARE UNDERWAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Sargent Chair | OfficerTrustee | 1 | $0 |
Jeanne Friebe Secretary | OfficerTrustee | 1 | $0 |
Kelsey Swanson Treasurer | OfficerTrustee | 2 | $0 |
Aida Mejia-Fergen Member | Trustee | 0.5 | $0 |
Gretchen Etzler Member | Trustee | 0.5 | $0 |
Megan Moen Member | Trustee | 0.5 | $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 | $334,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,397 |
| Total Program Service Revenue | $1,175,263 |
| Investment income | $2,342 |
| 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 | $1,512,002 |
| 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. | $80,063 |
| Compensation of current officers, directors, key employees. | $24,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,685 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,799 |
| Fees for services: Accounting | $15,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,374 |
| Advertising and promotion | $0 |
| Office expenses | $4,326 |
| Information technology | $19,090 |
| Royalties | $0 |
| Occupancy | $80,441 |
| Travel | $0 |
| 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 | $28,246 |
| Insurance | $8,564 |
| All other expenses | $25,430 |
| Total functional expenses | $1,064,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $870,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,968 |
| Prepaid expenses and deferred charges | $18,966 |
| Net Land, buildings, and equipment | $160,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $839,200 |
| Total assets | $2,113,613 |
| Accounts payable and accrued expenses | $58,863 |
| 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 | $839,472 |
| Total liabilities | $898,335 |
| Net assets without donor restrictions | $1,215,278 |
| 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 | $2,113,613 |