Somali American Cultural Society Of Owatonna
- Assets
- $38.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 11/2012
- Data as of
- 12/2018
- EIN
- 90-0746889
Organization Overview
Somali American Cultural Society Of Owatonna is located in Owatonna, MN. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somali American Cultural Society Of Owatonna 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 12/2018, Somali American Cultural Society Of Owatonna generated $46.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $44.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 2 years. 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
2018
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE 0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ibrahim Hussein Executive Director | 30 | $0 | |
Ahmed Hussein Treasurer | 5 | $0 | |
Caryn Boetel Board Of Director-Chair | 3 | $0 | |
Hussein Ibrahim Board Of Directors | 2 | $0 | |
Hindi Ali Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,700 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,700 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,576 |
| Professional fees and other payments to independent contractors | $150 |
| Occupancy, rent, utilities, and maintenance | $9,840 |
| Printing, publications, postage, and shipping | $859 |
| Other expenses | $18,266 |
| Total expenses | $44,691 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,810 |
| Other assets | $0 |
| Total assets | $38,810 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somali American Cultural Society Of Owatonna has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN PURPOSE: TO PROVIDE RESOURCES THAT WILL ENHANCE THE ABILITY OF SACSO TO GIVE THE NEEDED SUPPORT TO THE SOMALI COMMUNITY FOR EARLY CHILDHOOD EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Woodbury Leadership Academy Woodbury, MN | $4,350,331 | $5,912,313 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Barr Center St Louis Park, MN | $8,287,138 | $8,108,042 |
Great Mn Schools Minneapolis, MN | $411,897 | $3,619,260 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |
West River Foundation Sturgis, SD | $7,568,333 | $3,921,124 |
Sicangu Owayawa Oti-Rosebud Dormitory Mission, SD | $5,924,789 | $2,325,210 |