Minnesota Education Trust

Organization Overview

Minnesota Education Trust is located in St Paul, MN. The organization was established in 2007. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Minnesota Education Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Education Trust 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, Minnesota Education Trust generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Minnesota Education Trust has awarded 61 individual grants totaling $2,740,691. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MINNESOTA EDUCATION TRUST (MET) SEEKS TO SUPPORT RELIGIOUS CENTERS, COMMUNITY CENTERS, SCHOOLS, AND TO ASSIST OTHER ORGANIZATIONS THAT SERVE GOALS SIMILAR TO THE GOALS OF MET.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF EDUCATION SCHOOLS AND RELIGIOUS CENTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Asif Rahman
President
$0
Mustapha Hammida
Director
$0
Jessie Frenzel
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,600
All other contributions, gifts, grants, and similar amounts not included above$133,108
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$163,708
Total Program Service Revenue$1,200,063
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 $1,363,771

Grants Awarded

Over the last fiscal year, Minnesota Education Trust has awarded $82,860 in support to 4 organizations.

Grant RecipientAmount

MUSLIM COMMUNITY CENTER

Org PageRecipient Profile

Burnsville, MN

PURPOSE: GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION

$42,860

IQRA ACADEMY OF THE TWIN CITIES

Org PageRecipient Profile

PURPOSE: GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION

$25,000

STUDENTS PREPARED TO SUCCEED

Org PageRecipient Profile

Saint Paul, MN

PURPOSE: GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION

$10,000

AL IHSAN ISLAMIC CENTER

Org PageRecipient Profile

Saint Paul, MN

PURPOSE: GRANT TO SUPPORT FULLFILLMENT OF ORGANIZATION'S MISSION

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Minnesota Education Trust has recieved totaling $23,277.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$23,277
View Grant Recipient Profile

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