Minnesota Center For Employee Ownership
- Assets
- $117.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2021
- EIN
- 84-4160755
Organization Overview
Minnesota Center For Employee Ownership is located in Minneapolis, MN. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Minnesota Center For Employee Ownership 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 Center For Employee Ownership generated $161.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $95.7k 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
EMPLOYEE OWNERSHIP IS A CRITICAL TOOL TO ACHIEVE THESE GOALS. BY EDUCATING THE PUBLIC ON EMPLOYEE OWNERSHIP, WE HOPE TO PROMOTE EQUITY AND INCLUSION BY EXPANDING ECONOMIC OPPORTUNITY, PARTICULARLY FOR THE BENEFIT OF TRADITIONALLY DISADVANTAGED GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Crockett Executive Director | 20 | $57,500 | |
Tom Crouse Director | 1 | $0 | |
Nina Hale Director | 1 | $0 | |
Steve Storkan Chair | 1 | $0 | |
Roger Ryberg Director | 1 | $0 | |
Sheryl Neuman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,509 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,103 |
| Other Revenue | $18 |
| Total Revenue | $161,630 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,500 |
| Professional fees and other payments to independent contractors | $11,456 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,740 |
| Total expenses | $95,696 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $117,812 |
| Other assets | $0 |
| Total assets | $117,812 |
| Total liabilities | $0 |
| Net assets or fund balances | $117,812 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Minnesota Center For Employee Ownership has recieved totaling $136,318.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $30,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $6,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Madison Region Economic Partnership Inc Madison, WI | $2,651,221 | $3,362,304 |