Minneapolis Scottish Rite Building & Museum Foundation Inc
- Assets
- $157.8k
- Revenue
- $44.0k
- Investments
- $152.8k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 20-8506745
Organization Overview
Minneapolis Scottish Rite Building & Museum Foundation Inc is located in Minneapolis, MN. The organization was established in 2007. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis Scottish Rite Building & Museum Foundation 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 06/2022, Minneapolis Scottish Rite Building & Museum Foundation Inc generated $44.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $56.6k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING REHABILITATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Stromsness President | 0 | $0 | |
Randall A Hamborg Vice-Preside | 0 | $0 | |
Jason L Lang Secretary | 0 | $0 | |
Michael C Powles Treasurer | 0 | $0 | |
Kenneth W Carroll Director | 0 | $0 | |
Kenneth P Hill Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,771 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,617 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,615 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,686 |
| Total operating and administrative expenses | $56,589 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $56,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,691 |
| Savings and temporary cash investments | $335 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $157,835 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |