Minnesota Trucking Association
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn Center, MN
- Founding
- 10/1944
- Data as of
- 06/2023
- EIN
- 41-0499260
Organization Overview
Minnesota Trucking Association is located in Brooklyn Center, MN. The organization was established in 1944. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Minnesota Trucking Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Trucking Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Minnesota Trucking Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MINNESOTA TRUCKING ASSOCIATION'S MISSION IS TO ADVANCE A SAFE AND SUCCESSFUL MINNESOTA TRUCKING INDUSTRY THROUGH ADVOCACY, EDUCATION AND FOCUSED INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES & SEMINARS - CONSISTS OF A VARIETY OF EDUCATIONAL OPPORTUNITIES WHICH PROVIDE TIMELY AND VALUABLE INFORMATION TO MTA MEMBERS (AND NON-MEMBERS). SOME EXAMPLES INCLUDE: ANNUAL VEHICLE INSPECTION CERTIFICATION AND RE-CERTIFICATION CLASSES, A ONE-DAY SAFETY CONFERENCE, A DRIVER OF THE YEAR BANQUET, A ONE-DAY TRUCKING MANAGEMENT CONFERENCE, THE NEXTLEADER LEADERSHIP TRAINING PROGRAM, AND A NORTH AMERICAN TRANSPORTATION MANAGEMENT INSTITUTE SAFETY TRAINING COURSE.
ANNUAL CONFERENCE - THIS PROGRAM PROVIDES MTA MEMBERS WITH AN OPPORTUNITY FOR IN-DEPTH LEARNING EXPERIENCES, SAFETY AWARDS, AN ANNUAL MEETING, AND THE OPPORTUNITY TO NETWORK WITH OTHER MEMBERS. 2022'S EVENT, "TRANSFORM WITH THE TIMES", INCLUDED THE SEMINARS: "BUILD TRUST OR DIE AMIDST CHANGE: HOW TO BUILD TRUST, LEAD OTHERS AND GROW REVENUE," "THE FUTURE OF ELECTRICITY POWER & TRUCKING", "CEO ROUNDTABLE DISCUSSIONS," "ECONOMIC ANALYSIS OF THE CRITICAL ISSUES IN TRUCKING, AND "PREPARING FOR MERGERS & ACQUISITIONS."
PRODUCT SALES - THIS PROGRAM PROVIDES SAFETY, COMPLIANCE AND EDUCATIONAL MATERIALS AT A DISCOUNT OFF RETAIL FOR MEMBERS AND NON-MEMBERS. SOME EXAMPLES INCLUDE: LOG AND INSPECTION BOOKS; FORMS FOR MEDICAL TESTS; DRIVER QUALIFICATION FILES; LOAD SECUREMENT MANUALS FMCSR HANDBOOKS, HAZMAT COMPLIANCE BOOKS AND EMERGENCY RESPONSE GUIDEBOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Bois Director | Trustee | 1 | $0 |
Joyce Brenny Director | Trustee | 1 | $0 |
Neil Fandel Director | Trustee | 1 | $0 |
Michael Glover Director | Trustee | 1 | $0 |
Doug Grawe Director | Trustee | 1 | $0 |
Gary Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $552,980 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,480 |
| Total Program Service Revenue | $802,103 |
| Investment income | $51,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,318 |
| Net Income from Fundraising Events | $66,748 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,025 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,509,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,400 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $566,685 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,488 |
| Pension plan accruals and contributions | $19,739 |
| Other employee benefits | $72,945 |
| Payroll taxes | $37,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,456 |
| Fees for services: Accounting | $13,565 |
| Fees for services: Lobbying | $64,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,513 |
| Advertising and promotion | $0 |
| Office expenses | $79,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,620 |
| Travel | $33,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,149 |
| Insurance | $14,772 |
| All other expenses | $11,966 |
| Total functional expenses | $1,836,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,536 |
| Savings and temporary cash investments | $1,416,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,949 |
| Prepaid expenses and deferred charges | $60,487 |
| Net Land, buildings, and equipment | $123,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,944 |
| Total assets | $2,020,758 |
| Accounts payable and accrued expenses | $51,304 |
| Grants payable | $0 |
| Deferred revenue | $658,654 |
| 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 | $50,286 |
| Total liabilities | $760,244 |
| Net assets without donor restrictions | $1,240,266 |
| Net assets with donor restrictions | $20,248 |
| 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 | $2,020,758 |
Grants Awarded
Over the last fiscal year, Minnesota Trucking Association has awarded $126,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA TRUCKING ASSOCIATION FOUNDATION PURPOSE: For vision/image work and for scholarship awards. | $120,000 |
HUNGER SOLUTIONS MINNESOTA PURPOSE: Charitable donation | $6,000 |