Printing Industry Midwest Inc
- Assets
- $3.1m
- Revenue
- $690.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 04/1993
- Data as of
- 03/2023
- EIN
- 41-0748425
Organization Overview
Printing Industry Midwest Inc is located in Bloomington, MN. The organization was established in 1993. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Printing Industry Midwest 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 03/2023, Printing Industry Midwest Inc generated $690.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $849.0k during the year ending 03/2023. 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
TO BE THE LEADING RESOURCE FOR THE PRINTING AND GRAPHIC COMMUNICATIONS INDUSTRY IN MINNESOTA, IOWA, NEBRASKA, NORTH DAKOTA, AND SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNCTIONAL EVENTS - THE PIM, INC SPONSORS VARIOUS EVENTS FOR ITS MEMBERS AND THE GENERAL PUBLIC TO EDUCATE PARTICIPANTS ABOUT THE PRINTING INDUSTRY AND TO PROMOTE THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Lane Chair | OfficerTrustee | 0 | $0 |
Perry Klein Vice Chair | OfficerTrustee | 0 | $0 |
Tim Johnson Chari Elect | OfficerTrustee | 0 | $0 |
John Barnhart Sec/tresurer | OfficerTrustee | 0 | $0 |
Creston Dorothy Director | Trustee | 0 | $0 |
Al Hillmann Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $286,904 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,781 |
| Total Program Service Revenue | $5,450 |
| Investment income | $1,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,432 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,591 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,262 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,638 |
| Pension plan accruals and contributions | $17,073 |
| Other employee benefits | $30,267 |
| Payroll taxes | $31,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,527 |
| Fees for services: Accounting | $17,600 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,632 |
| Travel | $265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $904 |
| Interest | $4,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,955 |
| Insurance | $14,979 |
| All other expenses | $34,157 |
| Total functional expenses | $848,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,340 |
| Savings and temporary cash investments | $205,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,066 |
| 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 | $16,673 |
| Net Land, buildings, and equipment | $746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,746,906 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,386 |
| Total assets | $3,122,227 |
| Accounts payable and accrued expenses | $143,012 |
| Grants payable | $0 |
| Deferred revenue | $119,738 |
| 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 | $15,337 |
| Other liabilities | $0 |
| Total liabilities | $278,087 |
| Net assets without donor restrictions | $2,844,140 |
| 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 | $3,122,227 |