Project 1590 Inc
- Assets
- $166.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, MN
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 81-5410023
Organization Overview
Project 1590 Inc is located in Fairmont, MN. The organization was established in 2018. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Project 1590 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, Project 1590 Inc generated $51.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $56.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
VARIOUS ONGOING PROJECTS ARE ORGANIZED IN ORDER TO ENHANCE THE VITALITY, LIVABILITY AND HEALTH OF THE GREATER FAIRMONT COMMUNITY. THESE PROJECTS INCLUDE KIDS JUST WANNA HAVE FUN, BACON CAPITAL USA, MARTIN COUNTY KNOW HOW, AND FOCUS ON FAIRMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hawkins Chair | 1 | $0 | |
Ann Terfehr Secretary | 1 | $0 | |
Sam Viesselman Director | 1 | $0 | |
Amy Long Director | 1 | $0 | |
Ed Willett Director | 1 | $0 | |
Sara Edmundson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,904 |
| Total Program Service Revenue | $2,930 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,454 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,446 |
| Occupancy, rent, utilities, and maintenance | $2,618 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,376 |
| Total expenses | $56,940 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,560 |
| Other assets | $0 |
| Total assets | $166,691 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,691 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Project 1590 Inc has recieved totaling $28,024.
| Awarding Organization | Amount |
|---|---|
Juanita E Schmeeckle Charitable Tr Fairmont, MN PURPOSE: MINIATURE GOLF COURSE EXPANSION. | $20,000 |
Prairie Lakes Regional Arts Council Inc Waseca, MN PURPOSE: ACH | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
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|---|---|---|
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Minnesota Association Of Townships St Michael, MN | $4,706,958 | $2,431,395 |
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Minnesota Trucking Association Brooklyn Center, MN | $2,156,107 | $1,481,093 |
Independent Community Banks Of North Dakota Bismarck, ND | $2,054,460 | $1,393,335 |
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Minocqua Area Chamber Of Commerce Inc Minocqua, WI | $522,112 | $877,439 |