Social Enterprise Msp
- Assets
- $219.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-4794786
Organization Overview
Social Enterprise Msp is located in Saint Paul, MN. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Enterprise Msp 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 12/2022, Social Enterprise Msp generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (45.5%) each year. All expenses for the organization totaled $57.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL ENTERPRISE MSP IS A COMMUNITY PLATFORM THAT SERVES AS A CONNECTION POINT TO THE MINNEAPOLIS ST. PAUL IMPACT ECOSYSTEM. WE SUPPORT, GUIDE, AND CONNECT OUR LOCAL COMMUNITY TO THE RESOURCES, NETWORKS, AND INSTITUTIONS THEY NEED TO LEAD THE PURPOSE-DRIVEN ECONOMY.
Describe the Organization's Program Activity:
Part 3
IMPACT SHOWCASE - THE IMPACT SHOWCASE IS A RECOGNITION EVENT DESIGNED FOR THE COMMUNITY TO HEAR THE STORIES BEHIND OUR REGION'S TOP SOCIAL ENTERPRISES, MEET THE EXTRAORDINARY LEADERS WHO STARTED THEM AND SEE HOW PURPOSE DRIVES THESE ORGANIZATIONS TO GREATNESS. THE SOCIAL ENTERPRISE IMPACT SHOWCASE CELEBRATES IN PARTICULAR THE WORK OF THREE OUTSTANDING SOCIAL ENTERPRISES IN OUR COMMUNITY TO SERVE AS A POINT OF CONNECTION, A MOMENT TO LEARN AND BE INSPIRED, AND MOTIVATE OUR MOVEMENT FOR A PURPOSE-DRIVEN ECONOMY. OUTREACH FOR THIS EVENT AND NOMINATIONS IS WIDESPREAD AND PRIORITIZES BIPOC AND WOMEN-LED ORGANIZATIONS.
EVENTS - SE-MSP HOSTS A NUMBER OF EVENTS EACH YEAR TO SUPPORT THE WORK OF THE SOCIAL ENTERPRISE ECOSYSTEM. IN 2020 SE-MSP OFFERED EVENTS FOR TWIN CITIES START-UP WEEK TO PROVIDE SUPPORT FOR SOCIAL IMPACT BUSINESSES, TRAINING ON DEI AND SOCIAL ENTERPRISE, AS WELL AS SUPPORT FOR IMPACT MEASUREMENT. ADDITIONALLY, SE-MSP HOSTED A NUMBER OF EVENTS THAT FOCUSED ON RESEARCH, AND LISTENING TO THE NEEDS OF THE SOCIAL ENTERPRISE COMMUNITY TO DISCOVER GAPS IN THE ECOSYSTEM AND ACTIVATE THE COMMUNITY TO TAKE ACTION.
ECOSYSTEM PARTNERSHIPS - SE-MSP WORKS TO FOSTER LOCAL AND NATIONAL PARTNERSHIPS. IT WORKS TO PLUG IN, COLLABORATE ON INITIATIVES, PROGRAMS AND CAMPAIGNS THAT IN TURN SUPPORT THE GROWTH OF AND STRENGTHEN THE TWIN CITIES SOCIAL IMPACT ECOSYSTEM. SOME EXAMPLES OF THESE PARTNERS ARE: BUY SOCIAL USA, MAINSTREET ALLIANCE, GENER8TER - MIDWEST, UMN CARLSON SCHOOL, AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donte Curtis Co-Chair | 2 | $0 | |
Clare Healey Secretary | 2 | $0 | |
Madison Johnston Board Member | 2 | $0 | |
Scott Cole Treasurer | 5 | $0 | |
Sheila Sitati Board Member | 2 | $0 | |
Shehla Mushtaq Co-Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $69 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,069 |
| 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 | $41,983 |
| Occupancy, rent, utilities, and maintenance | $1,975 |
| Printing, publications, postage, and shipping | $322 |
| Other expenses | $11,460 |
| Total expenses | $57,790 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $219,327 |
| Other assets | $0 |
| Total assets | $219,327 |
| Total liabilities | $9,350 |
| Net assets or fund balances | $209,977 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Social Enterprise Msp has recieved totaling $282,000.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: TO FUND THE EXPANSION OF OUR COMMUNITY-LED PILLAR EVENT SERIES THAT ACTIVATES COMMUNITIES TO BUILD STRENGTH AND CAPACITY AROUND FUNDING, TALENT, QUALITY OF LIFE, AND SUPPORT SYSTEMS FOR SOCIAL ENTREPRENEURS, AND FOR GENERAL OPERATING SUPPORT | $56,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO FUND THE EXPANSION OF OUR COMMUNITY-LED PILLAR EVENT SERIES THAT ACTIVATES COMMUNITIES TO BUILD STRENGTH AND CAPACITY AROUND FUNDING, TALENT, QUALITY OF LIFE, AND SUPPORT SYSTEMS FOR SOCIAL ENTREPRENEURS, AND FOR GENERAL OPERATING SUPPORT | $56,000 |
Bush Foundation St Paul, MN PURPOSE: THIS ECOSYSTEM GRANT PROVIDES GENERAL OPERATING SUPPORT FOR SOCIAL ENTERPRISE MSP TO HELP ADVANCE ITS CHARITABLE MISSION | $55,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO FUND THE EXPANSION OF OUR COMMUNITY-LED PILLAR EVENT SERIES THAT ACTIVATES COMMUNITIES TO BUILD STRENGTH AND CAPACITY AROUND FUNDING, TALENT, QUALITY OF LIFE, AND SUPPORT SYSTEMS FOR SOCIAL ENTREPRENEURS, AND FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO FUND THE EXPANSION OF OUR COMMUNITY-LED PILLAR EVENT SERIES THAT ACTIVATES COMMUNITIES TO BUILD STRENGTH AND CAPACITY AROUND FUNDING, TALENT, QUALITY OF LIFE, AND SUPPORT SYSTEMS FOR SOCIAL ENTREPRENEURS, AND FOR GENERAL OPERATING SUPPORT | $50,000 |
Bush Foundation St Paul, MN PURPOSE: IMPACT DAY WILL CONNECT LOCAL SOCIAL ENTERPRISES TO A GLOBAL COMMUNITY, AS WELL AS PROVIDE EDUCATIONAL SESSIONS, MENTORSHIP CONNECTIONS, AND COMMUNITY-BUILDING OPPORTUNITIES FOR SOCIAL BUSINESS LEADERS AND LIKE-MINDED CITIZENS LOOKING TO SUPPORT A PURPOSE-DRIVEN ECONOMY | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Community Facility Public Private Partnerships Minnetonka, MN | $139,342,573 | $6,847,373 |
Emerge Community Development Minneapolis, MN | $6,688,888 | $6,982,216 |
Regional Development Authority Davenport, IA | $4,541,432 | $7,109,702 |
Southwestern Minnesota Opportunity Council Inc Worthington, MN | $6,681,573 | $5,602,564 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
South Central Iowa Community Action Program Inc Chariton, IA | $1,633,928 | $5,339,343 |