Minnesota Leadership Council On Aging
- Assets
- $175.0k
- Revenue
- $219.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arden Hills, MN
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 47-3146194
Organization Overview
Minnesota Leadership Council On Aging is located in Arden Hills, MN. The organization was established in 2015. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Leadership Council On Aging 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 06/2022, Minnesota Leadership Council On Aging generated $219.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $154.3k during the year ending 06/2022. While expenses have increased by 9.5% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CREATING COMMUNITIES AND SYSTEMS THAT SUPPORT AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINNESOTA LEADERSHIP COUNCIL ON AGING IS A CHAMPION, THOUGHT LEADER, PLANNER AND EDUCATOR THAT ADVANCES POSITIVE SYSTEM CHANGE FOR OLDER ADULTS, THEIR FAMILIES AND CAREGIVERS. IN 2021-2022, THERE WERE 33 NON-PROFIT MEMBER ORGANIZATION THAT WERE PART OF THE LEADERSHIP COUNCIL. THE 2021 SUMMIT, TITLED "THE AGENDA" WAS HELD ON NOVEMBER 3 AND DECEMBER 1, 2021.THE PRIMARY OBJECTIVES WERE AS FOLLOWS. (1) TO UNDERSTAND THE IMPORTANCE OF STRATEGIC FORESIGHT FOR NAVIGATING UNCERTAINTY AND INFLUENCING THE EXPERIENCE OF AGING IN THE FUTURE; (2) TO EXPLORE DR. RICHARD LUM'S 4 STEPS TO THE FUTURE PROCESS AND IT'S APPLICATION TO SUPPORT OUR WORK; (3) THINKING CRITICALLY ABOUT OUR WORK AS INIDIVIDUAL LEADERS AND AS A SECTOR TO SHAPE AND LEAD CHANGE; (4) TO ACTIVATE STAKEHOLDERS INTO OWNERSHIP OF AND PARTICIPATION IN DEVELOPING A STATEWIDE FRAMEWORK FOR IMPROVING THE EXPERIENCE OF AGING.
THE MINNESOTA LEADERSHIP COUNCIL ON AGING ADDED TO THE NUMBER OF VIRTUAL EDUCATION OFFERINGS THROUGHOUT THE YEAR, INCLUDING A COMBATING AGEISM TRAINING ON MARCH 24, 2022 AND A MICROAGGRESSIONS TRAINING ON JUNE 23, 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Falvey Chair | OfficerTrustee | 1 | $0 |
Jessica Hausauer Vice Chair | OfficerTrustee | 1 | $0 |
Dawn Simonson Immediate Past Chair | OfficerTrustee | 1 | $0 |
Amanda Vikstrom Secretary | OfficerTrustee | 1 | $0 |
Mary Mckeown Treasurer | OfficerTrustee | 1 | $0 |
Beth Wiggins Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,295 |
| Total Program Service Revenue | $85,080 |
| 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 | $219,375 |
| 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. | $68,220 |
| Compensation of current officers, directors, key employees. | $20,466 |
| 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 | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,925 |
| Advertising and promotion | $0 |
| Office expenses | $215 |
| Information technology | $1,553 |
| 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 | $0 |
| Insurance | $529 |
| All other expenses | $0 |
| Total functional expenses | $154,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,759 |
| 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 | $448 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,033 |
| Accounts payable and accrued expenses | $3,119 |
| 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 | $0 |
| Total liabilities | $3,119 |
| Net assets without donor restrictions | $171,914 |
| 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 | $175,033 |