Minnesota Gerontological Society
- Assets
- $290.4k
- Revenue
- $134.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Arden Hills, MN
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 36-3353356
Organization Overview
Minnesota Gerontological Society is located in Arden Hills, MN. The organization was established in 1985. According to its NTEE Classification (V36) the organization is classified as: Gerontology, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Gerontological Society 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 Gerontological Society generated $134.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $115.2k during the year ending 12/2021. While expenses have increased by 5.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRIDGE THE GAP IN MINNESOTA BETWEEN RESEARCH AND PRACTICE IN THE FIELD OF AGING, CONT. ON SCH O. SPECIAL EMPHASIS PLACED ON DEVELOPING AND SUPPORTING TOMORROW'S LEADERS. TO PROVIDE AND EXCHANGE INFORMATION RELATED TO RESEARCH AND PRACTICE IN GERONTOLOGY AMONG DIVERSE DISCIPLINES IN THE STATE OF MINNESOTA, THROUGH CONFERENCES, WEBINARS, NEWSLETTERS AND NETWORKING,WITH A FOCUS ON DEVELOPING YOUNG PROFESSIONAL LEADERS IN THE FIELD OF AGING. ACTIVITIES INCLUDE AN ANNUAL CONFERENCE, WEBINARS, NEWSLETTERS, SPECIAL PROJECTS LINKING PRACTICE WITH RESEARCH, SUPPORT NETWORK OF GERONTOLOGY EDUCATORS AND SCHOLARSHIPS TO STUDENTS IN GERONTOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MGS HELD ITS 45TH CONSECUTIVE ANNUAL CONFERENCE INVOLVING PRACTITIONERS AND RESEARCHERS FROM A VARIETY OF DISCIPLINES, INCLUDING HEALTH AND HUMAN SERVICES PROVIDERS, ACADEMICS, HIGHER EDUCATION STUDENTS, AND OLDER ADULTS. THE CONFERENCE THEME WAS "AGING IN MINNESOTA: FORAGING A NEW NARRATIVE".
EDUCATION IS A PRIMARY FOCUS OF MGS. TO FULFILL THIS MISSION, 14 STATE-WIDE WEBINARS WERE HELD AND RECORDED. TOPICS ARE SELECTED BY A COMMITTEE OF GERONTOLOGISTS AND AGING SERVICE PROFESSIONALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Hyder Executive Director (former) | OfficerTrustee | 30 | $45,000 |
Alana Wright Executive Director | OfficerTrustee | 25 | $12,605 |
Pam Zimmerman President | OfficerTrustee | 1 | $0 |
Laura Hood Secretary | OfficerTrustee | 1 | $0 |
Jim Varpness Treasurer | OfficerTrustee | 1 | $0 |
Roberta Meyers President Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,360 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,415 |
| Total Program Service Revenue | $57,420 |
| Investment income | $10 |
| 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 | $134,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,605 |
| Compensation of current officers, directors, key employees. | $12,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $3,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,004 |
| Advertising and promotion | $135 |
| Office expenses | $107 |
| Information technology | $2,855 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,049 |
| All other expenses | $0 |
| Total functional expenses | $115,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,715 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,055 |
| Total assets | $290,409 |
| Accounts payable and accrued expenses | $3,913 |
| Grants payable | $0 |
| Deferred revenue | $6,055 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,968 |
| Net assets without donor restrictions | $77,386 |
| Net assets with donor restrictions | $203,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $290,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Gerontological Society has recieved totaling $6,490.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $6,490 |
Endowment Analysis
| Beg. Balance | $174,642 |
| Earnings | $28,413 |
| Ending Balance | $203,055 |
Peer Organizations
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|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |