Minnesota Mechanical Contractors Association
- Assets
- $4.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 10/1975
- Data as of
- 12/2022
- EIN
- 51-0159228
Organization Overview
Minnesota Mechanical Contractors Association is located in Minnetonka, MN. The organization was established in 1975. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Mechanical Contractors Association 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 12/2022, Minnesota Mechanical Contractors Association generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
MMCIF'S MISSION IS TO PROVIDE QUALITY SERVICES TO MEMBERS WITH AN EMPHASIS ON LABOR RELATIONS, LEGISLATION, EDUCATION, INDUSTRY STANDARDS AND PROMOTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND WORKS TO INCREASE THE EFFICIENCY OF THE INDUSTRY. SOME METHODS OF ACCOMPLISHING THAT IN THE PRESENT YEAR INCLUDE PROVIDING TRAINING, EASIER ACCESS TO INDUSTRY RELATED INFORMATION VIA WEBSITE, AND BY COMMUNICATING WITH THE LEGISLATURE REGARDING ISSUES IMPACTING THE MECHANICAL CONTRACTOR INDUSTRY.
MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND PROMOTES THE BENEFIT OF THE PUBLIC AS WELL AS AWARENESS OF THE CONTRACTORS INDUSTRY THROUGH PROGRAMS SUCH AS THE HEATS ON AND WATERS OFF PROGRAMS. THESE PROGRAMS PROVIDE SERVICES TO THE LOW INCOME, ELDERLY, AND DISABLED HOMEOWNERS WHO WOULD NOT NORMALLY BE ABLE TO AFFORD SUCH SERVICES
MINNESOTA MECHANICAL CONTRACTORS INDUSTRY FUND WORKS TO DEVELOP JOB OPPORTUNITIES FOR THOSE WORKING WITHIN THE INDUSTRY. SOME EXAMPLES OF WAYS THIS WAS ACCOMPLISHED WERE UPDATING CONSTRUCTION CAREERS.ORG WEBSITE, WORKING TO RECRUIT STUDENTS INTO THE INDUSTRY, AND WORKING WITH OTHER ORGANIZATIONS TO PROMOTE THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Froehle President | OfficerTrustee | 1 | $0 |
Larry Stevens Vice President | OfficerTrustee | 1 | $0 |
Brad Kramer Secretary | OfficerTrustee | 1 | $0 |
Lynn Bishop Treasurer | OfficerTrustee | 1 | $0 |
Steven Pettersen Executive Vice President | OfficerTrustee | 1 | $0 |
Tony Ravnikar Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,786,664 |
| Investment income | $10,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,819,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,600 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $1,418,976 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,859 |
| Advertising and promotion | $8,273 |
| Office expenses | $8,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,393 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,965 |
| All other expenses | $0 |
| Total functional expenses | $1,607,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,836,542 |
| Savings and temporary cash investments | $2,767,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,971 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,754,414 |
| Accounts payable and accrued expenses | $19,146 |
| 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 | $19,146 |
| Net assets without donor restrictions | $4,735,268 |
| 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 | $4,754,414 |