Minnesota Training Partnership Inc
- Assets
- $656.0k
- Revenue
- $993.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Saint Paul, MN
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 82-3613104
Organization Overview
Minnesota Training Partnership Inc is located in Saint Paul, MN. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Minnesota Training Partnership Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Training Partnership 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 12/2023, Minnesota Training Partnership Inc generated $993.3k in total revenue. All expenses for the organization totaled $1.0m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MINNESOTA TRAINING PARTNERSHIP, INC. WILL PROVIDE TRAINING SERVICES TO EMPLOYED AND UNEMPLOYED WORKERS IN THE STATE OF MN. THE AUDIENCE WILL INCLUDE INCUMBENT WORKERS UPGRADING THEIR SKILLS, YOUTH OUT OF HIGH SCHOOL, RE-ENTERING WORKFORCE, UNDER-SERVED COMMUNITIES OF COLOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING CONSISTS OF A VARIETY OF EDUCATIONAL ACTIVITIES CUSTOMIZED TO THE INDUSTRY AND THE NEEDS OF THE WORKFORCE AND EMPLOYERS. TYPES OF TRAINING INCLUDES ESTABLISHMENT OF APPRENTICESHIP PROGRAMS WITHIN A SPECIFIC INDUSTRY OR COMPANY, JOB READINESS, LIFE SKILLS, AND SAFETY. LENGTH OF TRAINING RANGES FROM ONE WEEK TO 18 MONTHS, DEPENDING ON TYPE AND SUBJECT. FIRST SECTORS WHERE SERVICES ARE BEING PROVIDED ARE MANUFACTURING AND HOSPITALITY AND APPRENTICESHIP PROGRAM FOR INDUSTRIAL MANUFACTURING TECHNICIANS WITH TRAINING CONDUCTED IN SPECIFIC WORKPLACES FOR INCUMBENT WORKERS. THE EMPLOYER AND LABOR UNION (IF THERE IS ONE) AUTHORIZE THE TRAINING AND ARE INVOLVED IN ITS PLANNING AND IMPLEMENTATION. IN HOSPITALITY, SERVICES ARE BEING FOCUSED ON PROVIDING PRE-EMPLOYMENT TRAINING TO INTERESTED WORKERS WITH THE GOAL OF PLACING PEOPLE IN HOSPITALITY JOBS. THESE PROGRAMS FILL AN UNMET NEED, INCLUDING DEVELOPMENT OF NEW OR INNOVATIVE TRAINING AND APPRENTICESHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Balsimo Executive Di | Officer | 40 | $100,636 |
Bernie Burnham Co-Board Cha | OfficerTrustee | 1 | $0 |
Cindy Green Director | Trustee | 1 | $0 |
Marcel Hofker Director | Trustee | 1 | $0 |
Travis Lohmann Secretary-Tr | OfficerTrustee | 1 | $0 |
Wade Luneburg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $848,304 |
| 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 | $848,304 |
| Total Program Service Revenue | $144,971 |
| 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 | $993,275 |
| 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. | $123,781 |
| Compensation of current officers, directors, key employees. | $19,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $426,172 |
| Pension plan accruals and contributions | $38,356 |
| Other employee benefits | $102,027 |
| Payroll taxes | $40,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,918 |
| Fees for services: Accounting | $24,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,150 |
| Advertising and promotion | $0 |
| Office expenses | $14,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,300 |
| Travel | $4,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $459 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,403 |
| All other expenses | $189,692 |
| Total functional expenses | $1,038,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,432 |
| 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 | $656,010 |
| Accounts payable and accrued expenses | $1,364 |
| Grants payable | $0 |
| Deferred revenue | $26,448 |
| 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 | $15,012 |
| Total liabilities | $42,824 |
| Net assets without donor restrictions | $613,186 |
| 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 | $656,010 |