Minneapolis Retired Teachers Inc
- Assets
- $442.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 06/1946
- Data as of
- 12/2022
- EIN
- 41-0847241
Organization Overview
Minneapolis Retired Teachers Inc is located in Eden Prairie, MN. The organization was established in 1946. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis Retired Teachers Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Minneapolis Retired Teachers Inc generated $81.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $68.9k during the year ending 12/2022. While expenses have increased by 2.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roma Lee Rasmussen President | 1 | $0 | |
Christine Poppe Recording Secretary | 1 | $2,300 | |
Joanne Lambrecht Asst Recording Sec. | 1 | $0 | |
Jan Wahl Asst Corresponding Secreta | 1 | $0 | |
David Rolek Corresponding Secretary | 1 | $0 | |
Becky Grover President Elect | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,951 |
| Total Program Service Revenue | $1,968 |
| Membership dues | $14,720 |
| Investment income | $37,340 |
| Gain or Loss | $5,362 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,341 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,100 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $11,700 |
| Other expenses | $25,931 |
| Total expenses | $68,935 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,472 |
| Other assets | $0 |
| Total assets | $442,180 |
| Total liabilities | $0 |
| Net assets or fund balances | $442,180 |