Sakan Community Resource Inc
- Assets
- $438.8k
- Revenue
- $317.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3594639
Organization Overview
Sakan Community Resource Inc is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Sakan Community Resource Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sakan Community Resource Inc 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, Sakan Community Resource Inc generated $317.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $215.7k during the year ending 12/2021. While expenses have increased by 33.7% per year over the past 4 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
SAKAN IS PROVIDING PATHWAYS TO AFFORDABLE HOUSING ACCESS TO CULTURALLY APPROPRIATE COMMUNITY RESOURCES AND FINANCIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL EDUCATION SERVICES
LOAN ASSISTANCE
COVID-RELATED ASSISTANCE
EDUCATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rahma Hudle Managing Director | Officer | 40 | $35,278 |
Chandra Craft Tenant Services Director | Officer | 32 | $23,620 |
Mohamed Omar Director | OfficerTrustee | 2 | $1,800 |
Abdulahi Farah Director | OfficerTrustee | 2 | $0 |
Eman Haymour Director | OfficerTrustee | 2 | $0 |
Sandol Khalaf Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,962 |
| Total Program Service Revenue | $4,500 |
| 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 | $317,476 |
| 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. | $66,111 |
| Compensation of current officers, directors, key employees. | $16,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,207 |
| Advertising and promotion | $976 |
| Office expenses | $4,889 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,555 |
| Travel | $586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $461 |
| All other expenses | $0 |
| Total functional expenses | $215,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $280,400 |
| 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 | $438,779 |
| Accounts payable and accrued expenses | $1,581 |
| 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 | $1,581 |
| Net assets without donor restrictions | $337,066 |
| Net assets with donor restrictions | $100,132 |
| 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 | $438,779 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sakan Community Resource Inc has recieved totaling $167,000.
| Awarding Organization | Amount |
|---|---|
Target Foundation Minneapolis, MN PURPOSE: RACIAL EQUITY; 2-YEAR GRANT | $60,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: GENERAL | $40,000 |
American Heart Association Inc Dallas, TX PURPOSE: COMMUNITY IMPACT | $40,000 |
Community Mediation Services Inc New Hope, MN PURPOSE: COVID HOUSING RELIEF ASSISTANCE | $27,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |