Emerge Community Development
- Assets
- $6.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 139
- Location
- Minneapolis, MN
- Founding
- 06/1976
- Data as of
- 12/2023
- EIN
- 41-1277423
Organization Overview
Emerge Community Development is located in Minneapolis, MN. The organization was established in 1976. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Emerge Community Development employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerge Community Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Emerge Community Development generated $6.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.0m during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 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
TO REVEAL THE POTENTIAL IN PEOPLE AND COMMUNITIES THROUGH SKILL BUILDING, EMPLOYMENT, AND ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKPLACE TRAINING, CAREER COUNSELING, JOB PLACEMENT, CAREER LADDERING, AND ONGOING SUPPORT TO HELP PARTICIPANTS DEVELOP THEIR WAGE EARNING AND WEALTH BUILDING POTENTIAL, AND INCREASE ACCESS TO PROFESSIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xander Hector Chair | OfficerTrustee | 1 | $0 |
Tesha Alston Dampier Vice Chair | OfficerTrustee | 1 | $0 |
Sheila Dowling Vice Chair | OfficerTrustee | 1 | $0 |
Paul Fitzpatrick Vice Chair | OfficerTrustee | 1 | $0 |
Steven Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Patrick Brault Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,843 |
| Related organizations | $0 |
| Government grants | $5,659,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $909,853 |
| Noncash contributions included in lines 1a–1f | $9,399 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,699,642 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,719,564 |
| 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. | $350,128 |
| Compensation of current officers, directors, key employees. | $350,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,440,932 |
| Pension plan accruals and contributions | $107,962 |
| Other employee benefits | $362,273 |
| Payroll taxes | $366,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,966 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,477 |
| Advertising and promotion | $87 |
| Office expenses | $131,389 |
| Information technology | $63,241 |
| Royalties | $0 |
| Occupancy | $397,924 |
| Travel | $81,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,730 |
| Insurance | $32,610 |
| All other expenses | $0 |
| Total functional expenses | $7,005,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,014,969 |
| Accounts receivable, net | $38,165 |
| 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 | $128,384 |
| Net Land, buildings, and equipment | $4,887,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,810 |
| Total assets | $6,498,587 |
| Accounts payable and accrued expenses | $364,930 |
| Grants payable | $0 |
| Deferred revenue | $18,000 |
| 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 | $619,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $205,810 |
| Total liabilities | $1,208,582 |
| Net assets without donor restrictions | $5,290,005 |
| 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 | $6,498,587 |