Eritrean Mutual Cooperation In Minnesota
- Assets
- $327.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stillwater, MN
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-1803517
Organization Overview
Eritrean Mutual Cooperation In Minnesota is located in Stillwater, MN. The organization was established in 2016. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eritrean Mutual Cooperation In Minnesota is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Eritrean Mutual Cooperation In Minnesota generated $36.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATE AND PROVIDE FUNERAL HELP TO ITS MEMBERS AND OR THEIR BENEFICIARIES UPON A DEATH OF A MEMBER OR DEPENDENT FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maasho Fisseha Secretary/tr | 0 | $0 | |
Habte Yohannes President | 0 | $0 | |
Eyasu Berhe Vice-Preside | 0 | $0 | |
Ruty Bebreab Board Member | 0 | $0 | |
Aman Damir Board Member | 0 | $0 | |
Suad Salih Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $35,847 |
| Investment income | $329 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,176 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $15,000 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $870 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $15,870 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $326,994 |
| Other assets | $0 |
| Total assets | $326,994 |
| Total liabilities | $0 |
| Net assets or fund balances | $326,994 |