Minnesota Retailers Association Inc
- Assets
- $659.8k
- Revenue
- $358.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Saint Paul, MN
- Founding
- 10/1953
- Data as of
- 12/2021
- EIN
- 41-0722200
Organization Overview
Minnesota Retailers Association Inc is located in Saint Paul, MN. The organization was established in 1953. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Minnesota Retailers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Retailers Association Inc 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 12/2021, Minnesota Retailers Association Inc generated $358.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $296.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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 PRESERVE AND ENHANCE A VITAL RETAIL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA RETAILERS ASSOCIATION, INC. IS A MINNESOTA STATEWIDE ASSOCIATION COMPRISED OF RETAILERS. THE ASSOCIATION PROMOTES THE INTERESTS OF ITS MEMBERS AND PROVIDES ITS MEMBERS WITH RELEVANT INFORMATION AND A VARIETY OF RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Nustad President | Officer | 40 | $142,779 |
David Ring Chair | OfficerTrustee | 1 | $0 |
Tom Mazanec Investment Chair | OfficerTrustee | 1 | $0 |
Lisa Nelson Immediate Past Chair | OfficerTrustee | 1 | $0 |
Dan Markowitz Treasurer | OfficerTrustee | 1 | $0 |
Al Cornish Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,125 |
| Total Program Service Revenue | $301,739 |
| Investment income | $6,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $147,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,131 |
| Pension plan accruals and contributions | $1,690 |
| Other employee benefits | $11,710 |
| Payroll taxes | $15,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,330 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,849 |
| Office expenses | $8,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,578 |
| Travel | $1,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,559 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,050 |
| All other expenses | $0 |
| Total functional expenses | $296,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,980 |
| Savings and temporary cash investments | $130,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,865 |
| 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 | $1,038 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $234,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,840 |
| Accounts payable and accrued expenses | $14,445 |
| Grants payable | $0 |
| Deferred revenue | $311,975 |
| 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 | $326,420 |
| Net assets without donor restrictions | $333,420 |
| Net assets with donor restrictions | $0 |
| 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 | $659,840 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Retailers Association Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Rx Abuse Leadership Initiative Washington, DC PURPOSE: TO SUPPORT THE CAMPAIGN ADDRESSING THE CURRENT OPIOID CRISIS | $30,000 |