Minnesota Quilters Inc
- Assets
- $233.5k
- Revenue
- $402.5k
- Investments
- $0.0
- Employees
- 4
- Location
- St Paul, MN
- Founding
- 01/2003
- Data as of
- 09/2022
- EIN
- 41-1335108
Organization Overview
Minnesota Quilters Inc is located in St Paul, MN. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Minnesota Quilters Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Quilters Inc 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 09/2022, Minnesota Quilters Inc generated $402.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $391.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE PRESERVATION OF QUILTING, TO EDUCATE, AND TO DOCUMENT THE CRAFT OF QUILTING IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL MINNESOTA QUILT SHOW DRAWS ATTENTION FROM QUILT ENTHUSIASTS ACROSS THE COUNTRY AND IS OPEN TO BOTH MEMBERS AND NONMEMBERS. INDIVIDUALS CAN REGISTER FOR LECTURES AND WORKSHOPS, VIEW MORE THAN 700 JUDGED AND NON-JUDGED QUILTS, AND ENJOY SPECIAL EXHIBITS FROM AROUND THE COUNTRY. OUR JUNE 2023 SHOW DREW MORE THAN 5,000 ATTENDEES.
EDUCATIONAL PROGRAM ACTIVITIES INCLUDE WORKSHOPS, DEMONSTRATIONS, AND LECTURES. THESE PROGRAMS ARE AVAILABLE TO MEMBERS AND NON-MEMBERS AND COMPLEMENT OUR MEMBERSHIP MEETINGS AND STAND-ALONE EVENTS. OTHER ACTIVITIES INCLUDE IN-TOWN AND OFF-SITE RETREATS. OUR FUNCTIONS INCLUDE QUILTING FOR OTHERS, WITH A MISSION TO INVOLVE MEMBERS/VOLUNTEERS IN MAKING QUILTS FOR LOCAL CHARITIES.
MEMBERSHIP SERVICES - TWO MEETINGS ARE HELD EACH MONTH. ONE IS A ZOOM ONLY MEETING AND THE OTHER IS A ZOOM/IN-PERSON HYBRID. THESE MEETINGS ARE OPEN TO MEMBERS AND GUESTS, AND INCLUDE DEMONSTRATIONS, LECTURES, PROGRAMS, WORKSHOPS, ANNOUNCEMENTS AND "SHOW AND TELL." MINNESOTA QUILT PROJECT - IDENTIFIES AND DOCUMENTS QUILTS, BOTH PRIVATELY AND PUBLICLY HELD, THAT HAVE A MINNESOTA CONNECTION. THE GOALS OF MQP ARE TO PRESERVE IMAGES AND INFORMATION COLLECTED BY MQP AND MAKE THAT COLLECTION OF INFORMATION AVAILABLE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wynn Martin President | OfficerTrustee | 10 | $0 |
Marcy Huggins Treasurer | OfficerTrustee | 7 | $0 |
Colleen Backus Secretary | OfficerTrustee | 2 | $0 |
Karen Kopitzke Communications Director | Trustee | 3 | $0 |
Pat Curtner Communications Director | Trustee | 3 | $0 |
Liz Mchenry Education Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,113 |
| Noncash contributions included in lines 1a–1f | $47,503 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,453 |
| Total Program Service Revenue | $250,643 |
| Investment income | $12,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,799 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,599 |
| Grants and other assistance to domestic individuals. | $37,078 |
| 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 | $88,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,662 |
| Fees for services: Other | $17,807 |
| Advertising and promotion | $10,336 |
| Office expenses | $44,921 |
| Information technology | $21,949 |
| Royalties | $0 |
| Occupancy | $51,926 |
| Travel | $20,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,810 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,254 |
| Insurance | $7,902 |
| All other expenses | $0 |
| Total functional expenses | $391,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,563 |
| Savings and temporary cash investments | $562 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21 |
| 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 | $20,566 |
| Net Land, buildings, and equipment | $6,788 |
| Investments—publicly traded securities | $194,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $233,470 |
| Accounts payable and accrued expenses | $6,611 |
| Grants payable | $0 |
| Deferred revenue | $17,381 |
| 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 | $23,992 |
| Net assets without donor restrictions | $199,478 |
| Net assets with donor restrictions | $10,000 |
| 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 | $233,470 |
Grants Awarded
Over the last fiscal year, Minnesota Quilters Inc has awarded $12,760 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TUBMAN CHRYSALIS CENTER | | | $5,560 |
HENNEPIN HEALTH FOUNDATION | | | $7,200 |