Union Center Inc
- Assets
- $299.8k
- Revenue
- $126.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Albert Lea, MN
- Founding
- 07/1980
- Data as of
- 06/2024
- EIN
- 41-0727900
Organization Overview
Union Center Inc is located in Albert Lea, MN. The organization was established in 1980. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2024, Union Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Center Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2024, Union Center Inc generated $126.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $143.6k during the year ending 06/2024. While expenses have increased by 41.1% per year over the past 3 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES A MEETING PLACE FOR UNION MEMBERS AND SERVES AS THE OFFICE OF EACH UNION DEPARTMENT. THE SPACE IS AVAILABLE TO ALL UNION MEMBERS IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A MEETING PLACE FOR UNION MEMBERS IN THE AREA AS WELL AS PROVIDING OFFICES FOR EACH UNION DEPARTMENT. CURRENTLY 2 LOCAL UNIONS HAVE OFFICE SPACE IN THE FACILITY AND ONE HOLDS REGULAR MEETINGS IN THE BUILDING. THERE IS ONE LOCAL UNION THAT USES THE FACILITY FOR BI-ANNUAL TRAINING SESSIONS. THE FACILITY IS ALSO AVAILABLE FOR OTHER UNION RELATED EVENTS AND HAS BEEN UTILIZED FOR CONFERENCES AND MEETINGS.
UNDER CHARITABLE GAMING LICENSE FORM THE STATE OF MINNESOTA, THE ORGANIZATION CONDUCTS LAWFUL GAMBLING AT THREE LOCATIONS. THE ORGANIZATION ALSO HOSTS AN ANNUAL BINGO SESSION AT THE CENTRAL LOCATION. IN ACCORD WITH STATE REGULATIONS, THE ORGANIZATION MADE MULTIPLE DONATIONS THROUGHOUT THE YEAR. THE ORGANIZATION MADE A TOTAL OF 18 CONTRIBUTIONS - 11 TO LOCAL NON- PROFITS, 1 TO OTHER NON-PROFITS, 2 TO LOCAL YOUTH ORGANIZATIONS, AND 4 TO THE LOCAL SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Nelson President | Officer | 6 | $255 |
John Severtson Vice-Preside | Officer | 1 | $0 |
Jeff Bennett Secretary | Officer | 10 | $0 |
Stephanie Adams Treasurer | Officer | 4 | $1,020 |
Nancy Smith Board Member | Trustee | 1 | $180 |
Bill Avery Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,671 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,671 |
| Total Program Service Revenue | $0 |
| Investment income | $417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,889 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $41,867 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,915 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,528 |
| Insurance | $4,556 |
| All other expenses | $0 |
| Total functional expenses | $143,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,929 |
| Savings and temporary cash investments | $33,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,404 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $189,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39 |
| Total assets | $299,832 |
| Accounts payable and accrued expenses | $61,164 |
| Grants payable | $0 |
| Deferred revenue | $7,544 |
| 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 | $68,708 |
| Net assets without donor restrictions | $0 |
| 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 | $231,124 |
| Total liabilities and net assets/fund balances | $299,832 |