Minnesota Milk Bank For Babies
- Assets
- $513.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Golden Valley, MN
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 46-0845657
Organization Overview
Minnesota Milk Bank For Babies is located in Golden Valley, 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 12/2021, Minnesota Milk Bank For Babies employed 11 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 12/2021, Minnesota Milk Bank For Babies generated $1.2m in total revenue. All expenses for the organization totaled $691.6k during the year ending 12/2021. While expenses have increased by 75.6% 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
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 PROVIDES DISTRIBUTION OF DONOR MILK TO FAMILIES IN NEED. THE ORGANIZATION DISTRIBUTED 55,923 BOTTLES OF DONOR MILK TOTALLING 211,217 OUNCES IN 2021. 7 NEW DEPOT LOCATIONS WERE ESTABLISHED IN 2021 TO FURTHER THE ORGANIZATION'S ABILITY TO DISTRIBUTE MILK EFFICIENTLY AROUND THE STATE OF MINNESOTA. MINNESOTA MILK BANK FOR BABIES ALSO PARTNERED WITH THREE OTHER ORGANIZATIONS ON A PILOT GRANT TO START A DISTRIBUTION SITE THAT OFFERS FIVE BOTTLES OF DONOR MILK AT NO COST FOR NEW FAMILIES WHO NEED A BRIDGE UNTIL THE MOM'S MILK SUPPLY INCREASES. THE ORGANIZATION ALSO OFFERED THREE EDUCATIONAL WEBINERS TO HEALTHCARE PROVIDERS ABOUT SAFE AND APPROPRIATE DONOR HUMAN MILK USE IN HOSPITAL SETTINGS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Dech Executive Di | Officer | 45 | $70,299 |
Jessica Longtine Chair | OfficerTrustee | 1 | $0 |
Jeanne Friebe Secretary | OfficerTrustee | 1 | $0 |
Kelsey Swanson Treasurer | OfficerTrustee | 2 | $0 |
Megan Moen Member | Trustee | 1 | $0 |
Malorie Drugg Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,562 |
| Total Program Service Revenue | $1,069,569 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,717 |
| 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. | $70,299 |
| Compensation of current officers, directors, key employees. | $14,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,058 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,449 |
| Advertising and promotion | $0 |
| Office expenses | $8,609 |
| Information technology | $15,856 |
| Royalties | $0 |
| Occupancy | $77,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,702 |
| Insurance | $5,460 |
| All other expenses | $10,934 |
| Total functional expenses | $691,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,206 |
| Prepaid expenses and deferred charges | $4,723 |
| Net Land, buildings, and equipment | $46,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $513,390 |
| Accounts payable and accrued expenses | $28,202 |
| 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 | $18,258 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $59,147 |
| Other liabilities | $0 |
| Total liabilities | $105,607 |
| Net assets without donor restrictions | $407,783 |
| 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 | $513,390 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Milk Bank For Babies has recieved totaling $12,716.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $12,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F-M Ambulance Service Inc Sioux Falls, SD | $6,709,124 | $18,663,310 |
Wesleylife Johnston, IA | $18,059,987 | $10,517,468 |
Sholom Community Alliance Home Health Care St Louis Park, MN | $3,066,544 | $6,601,759 |
Immunize Org St Paul, MN | $5,626,683 | $5,168,301 |
Rural Wisconsin Health Cooperativeinformation Technology Network Sauk City, WI | $1,967,421 | $4,299,515 |
Tops Club Inc Milwaukee, WI | $2,213,905 | $3,336,938 |
Catalysis Inc Appleton, WI | $2,690,751 | $2,802,744 |
Heartland Health Resource Center Sioux Falls, SD | $763,925 | $2,353,013 |
Diverse And Resilient Inc Milwaukee, WI | $1,995,900 | $2,482,124 |
Wisconsin Northern & Central Graduate Medical Education Consort Sauk City, WI | $514,134 | $2,211,915 |
Wisconsin Emergency Medical Technicians Association Inc Waterford, WI | $712,017 | $966,317 |
Laona Rescue Unit Inc Laona, WI | $855,225 | $1,088,295 |