Nations Inc
- Assets
- $1.7m
- Revenue
- $348.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Aitkin, MN
- Founding
- 09/2014
- Data as of
- 12/2020
- EIN
- 46-4345643
Organization Overview
Nations Inc, operating under the name Nations, is located in Aitkin, MN. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Nations employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nations 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 12/2020, Nations generated $348.3k in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
NATIONS MISSION IS TO BRING ECONOMIC DEVELOPMENT TO IMPOVERISHED AND LOW INCOME COMMUNITIES THRU ITS FUND GENERATING PROGRAMS IN ENTERTAINMENT FUND RAISING, FESTIVAL SPONSORSHIP FUND RAISING THAT BOTH PROMOTE RENEWABLE AND SUSTAINABLE RESPONSIBILITY FORMATS IN ACCORDANCE TO OUR CHARTER. NATIONS HAS SPONSORED 60+ EVENTS SINCE ITS LAUNCH VIA ITS NINE PRODUCT SETS AND TICKETING SOFTWARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WWW.2100CLUB.COM
WWW.7FLAGSEVENTCENTER.COM
WWW.BASIS.TV
WWW.2100CLUB.COM
WWW.7FLAGSEVENTCENTER.COM
WWW.BASIS.TV
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Thornton Stage & Security Manager | Officer | 40 | $95,000 |
Jazzdust Agency | Officer | 40 | $87,400 |
Rick Campbell Promotor Stage Manager | Officer | 40 | $65,400 |
William Forder Engineer | Officer | 40 | $65,000 |
Jeff Blanchette Director | Officer | 40 | $62,000 |
Ashley Hellrung Box Office Manager | Officer | 40 | $43,560 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Live Nation Entertainment Artist Production | 12/30/20 | $550,000 |
Areyouin Production | 12/30/20 | $188,900 |
Caa Artist Representative | 12/30/20 | $750,000 |
Daniel Rice Promotor | 12/30/20 | $167,500 |
Wme Producer | 12/30/20 | $1,000,000 |
Caa Artist Representative | 12/30/20 | $750,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $334,850 |
| Investment income | $0 |
| 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 | $348,283 |
| 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. | $907,550 |
| Compensation of current officers, directors, key employees. | $907,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,530 |
| Fees for services: Accounting | $18,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,290 |
| Office expenses | $2,180 |
| Information technology | $8,100 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $118,239 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,180,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,650 |
| 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 | $1,651,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,702,752 |
| Accounts payable and accrued expenses | $750,890 |
| 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 | $415,000 |
| Unsecured mortgages and notes payable | $410,500 |
| Other liabilities | $0 |
| Total liabilities | $1,576,390 |
| Net assets without donor restrictions | $126,362 |
| 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 | $1,702,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nations Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |