Minneapolis Area Board Of Realtors Foundation Inc
- Assets
- $1.9m
- Revenue
- $535.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 36-3575705
Organization Overview
Minneapolis Area Board Of Realtors Foundation Inc is located in Minneapolis, MN. The organization was established in 1988. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Minneapolis Area Board Of Realtors 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 12/2021, Minneapolis Area Board Of Realtors Foundation Inc generated $535.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $112.6k during the year ending 12/2021. While expenses have increased by 6.7% 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.
Since 2014, Minneapolis Area Board Of Realtors Foundation Inc has awarded 113 individual grants totaling $772,312. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Wandzel Chair | 2 | $0 | |
Cari Linn Past Chair | 2 | $0 | |
Leroy Bendickson Trustee | 0.1 | $0 | |
Cotty Lowry Treasurer | 0.1 | $0 | |
David Philip Trustee | 0.1 | $0 | |
Kenneth Colston Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $169,813 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,872 |
| Capital Gain Net Income | $255,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $535,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,845 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,240 |
| Total operating and administrative expenses | $30,576 |
| Contributions, gifts, grants paid | $82,000 |
| Total expenses and disbursements | $112,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $192,451 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $12,420 |
| 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 | $339,224 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,904,656 |
| Accounts payable and accrued expenses | $4,005 |
| Grants payable | $0 |
| Deferred revenue | $881 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,886 |
Grants Awarded
Over the last fiscal year, Minneapolis Area Board Of Realtors Foundation Inc has awarded $82,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Roseville, MN PURPOSE: GENERAL OPERATIONS. | $25,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATIONS. | $5,000 |
TUBMAN CENTER PURPOSE: GENERAL OPERATIONS. | $5,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATIONS. | $5,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATIONS. | $3,500 |
Bloomington, MN PURPOSE: GENERAL OPERATIONS. | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Building Company St Paul, MN | $19,969,103 | $1,882,072 |
Greater Milwaukee Association Of Realtors Inc Milwaukee, WI | $7,902,612 | $2,380,526 |
Realtor Association Of The Sioux Empire Inc Sioux Falls, SD | $2,199,740 | $1,500,544 |
Realtors Associations Of Northeast Wisconsin Inc Appleton, WI | $6,876,231 | $1,366,137 |
Aase Haugen Properties Inc Decorah, IA | $9,431,612 | $1,162,340 |
Mrm North Campus Inc Milwaukee, WI | $19,031,963 | $894,597 |
St Ann Center Properties Inc Milwaukee, WI | $24,367,316 | $308,541 |
Sd Properties Inc Milwaukee, WI | $3,731,946 | $1,031,449 |
Education Minnesota Properties Inc St Paul, MN | $3,348,632 | $1,061,633 |
Smelc Holdings Inc Milwaukee, WI | $9,672,286 | $580,000 |
Uvlf Opportunities Inc Minneapolis, MN | $22,216 | $75,874 |
Fargo-Moorhead Area Assoc Of Realtors Fargo, ND | $2,902,093 | $879,931 |